공시 • Sep 28
Retail Value Inc. Declares Special Common Distribution, Payable on October 26, 2022 Retail Value Inc. announced that the Company’s Board of Directors declared a special cash distribution on the Company’s common shares of $0.31 per common share payable on October 26, 2022, to shareholders of record at the close of business on October 11, 2022. The distribution was funded with collections of accounts and notes receivable and approximately $1.5 million previously held in reserve for potential claims by purchasers under property sale agreements which did not materialize prior to the expiration of their general survival periods as well as with cash on hand. Based upon current year taxable income projections to date, approximately 1% - 2% of the total 2022 special distributions is expected to be considered a taxable dividend. 공시 • Jul 04
Retail Value Inc. Announces Executive Director Retail Value Inc.’s independent directors, Gary N. Boston, Henrie W. Koetter and Scott D. Roulston, resigned from the Company’s Board of Directors on July 1, 2022 and the Board reduced its size to three. In order to fill the remaining vacancy, on July 1, 2022, the Board elected Conor M. Fennerty, currently the Company’s Executive Vice President, as a director. The Board also appointed David R. Lukes, currently a director and the Company's President and Chief Executive Officer, as Chairman of the Board and appointed Mr. Fennerty as a member of the Audit Committee. The Board now consists exclusively of management directors, namely Messrs. Lukes and Fennerty and Christa A. Vesy. The transition to a Board comprised exclusively of management directors was designed to curtail expenses after the delisting of the Company’s common shares from the New York Stock Exchange and to recognize the substantial completion of the Company’s original strategy. 공시 • Jun 30
Retail Value Inc. Declares Special Cash Distribution, Payable on July 27, 2022 Retail Value Inc. announced that the company’s board of directors declared a special cash distribution on the company’s common shares of $1.16 per common share payable on July 27, 2022, to shareholders of record at the close of business on July 12, 2022. The distribution was funded primarily with collections of accounts receivable and approximately $19.5 million previously held in reserve for potential claims by purchasers under property sale agreements which did not materialize prior to the expiration of their general survival periods. Based upon current year taxable income projections to date, approximately 1% - 2% of the total 2022 special distributions is expected to be considered a taxable dividend. The company expects that the ex-dividend date applicable to the special cash dividend will be July 28, 2022. Reported Earnings • Feb 26
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$1.25 (up from US$4.72 loss in FY 2020). Revenue: US$55.7m (down 67% from FY 2020). Net income: US$26.4m (up US$119.9m from FY 2020). Profit margin: 47% (up from net loss in FY 2020). Revenue was in line with analyst estimates. 공시 • Dec 09
Retail Value Inc. Announces Sale of Green Ridge Square On December 6, 2021, Retail Value Inc. closed on the sale of Green Ridge Square (Grand Rapids, Michigan) for $23.3 million in cash prior to closing costs, prorations and other closing adjustments. Net proceeds received at closing were approximately $22.3 million. Subsequent to the transaction, RVI owns interests in two properties located in the continental U.S. 공시 • Dec 07
An unknown buyer completed the acquisition of Green Ridge Square located in Grand Rapids, Michigan from Retail Value Inc. (NYSE:RVI) for $23.3 million. An unknown buyer entered into an agreement to acquire Green Ridge Square located in Grand Rapids, Michigan from Retail Value Inc. (NYSE:RVI) for a cash consideration of $23.3 million on November 2, 2021. The purchase price is subject to adjustment for certain closing pro-rations, allocations, credits, closing costs and escrows. Closing remains subject to customary conditions and is expected to occur by the end of 2021.
An unknown buyer completed the acquisition of Green Ridge Square located in Grand Rapids, Michigan from Retail Value Inc. (NYSE:RVI) for a cash consideration of $23.3 million on December 6, 2021. Reported Earnings • Nov 05
Third quarter 2021 earnings released: US$0.26 loss per share (vs US$3.48 loss in 3Q 2020) The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2021 results: Revenue: US$14.6m (down 63% from 3Q 2020). Net loss: US$5.46m (loss narrowed 92% from 3Q 2020). Recent Insider Transactions • Oct 01
Insider recently sold €84m worth of stock On the 28th of September, Alexander Otto sold around 4m shares on-market at roughly €22.48 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €84m more than they bought in the last 12 months. 공시 • Aug 28
An unknown buyer acquired 9 properties of Puerto Rico Portfolio from Retail Value Inc. (NYSE:RVI) for $550 million. An unknown buyer acquired 9 properties of Puerto Rico Portfolio from Retail Value Inc. (NYSE:RVI) for $550 million on August 27, 2021. The portfolio includes Plaza namely Isabela, Fajardo, Walmart, del Atlántico, del Sol, Río Hondo, Escorial, Cayey and del Norte. Net proceeds received at closing were approximately $539 million, a portion of which were used to fully repay the outstanding balance of mortgage loan of approximately $214.5 million of Retail Value Inc. Goldman Sachs & Co. LLC acted as a financial advisor to Retail Value Inc. for the transaction.
An unknown buyer completed the acquisition of 9 properties of Puerto Rico Portfolio from Retail Value Inc. (NYSE:RVI) on August 27, 2021. Reported Earnings • Aug 05
Second quarter 2021 earnings released: FFO US$0.94 per share (vs US$0.63 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$41.9m (up 6.7% from 2Q 2020). Funds from operations (FFO): US$19.2m (up 58% from 2Q 2020). FFO margin: 46% (up from 31% in 2Q 2020). 공시 • Aug 05
Retail Value Inc. Reports Impairment Charges for the Second Quarter Ended June 30, 2021 Retail Value Inc. reported impairment charges for the second quarter ended June 30, 2021. For the quarter, the company reported impairment charges of $79,050 as compared to $10,910,000 a year ago. 공시 • Jun 04
An unknown buyer acquired Señorial Plaza from Retail Value Inc. (NYSE:RVI) for $20.4 million. An unknown buyer acquired Señorial Plaza from Retail Value Inc. (NYSE:RVI) for $20.4 million on June 3, 2021. Net proceeds were used to repay mortgage debt associated with RVI.
An unknown buyer completed the acquisition of Señorial Plaza from Retail Value Inc. (NYSE:RVI) on June 3, 2021. Reported Earnings • May 06
First quarter 2021 earnings released: EPS US$0.15 (vs US$0.66 loss in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: US$41.5m (down 18% from 1Q 2020). Net income: US$3.21m (up US$16.3m from 1Q 2020). Profit margin: 7.7% (up from net loss in 1Q 2020). 공시 • May 05
Retail Value Inc. Announces Impairment for the First Quarter Ended March 31, 2021 Retail Value Inc. announces impairment for the first quarter ended March 31, 2021. For the quarter, the company's impairment of real estate was $2,010,000 against $15,910,000 a year ago. Recent Insider Transactions • Mar 17
President recently sold €216k worth of stock On the 16th of March, David Lukes sold around 15k shares on-market at roughly €14.55 per share. This was the largest sale by an insider in the last 3 months. This was David's only on-market trade for the last 12 months. Reported Earnings • Mar 11
Full year 2020 earnings released: US$4.72 loss per share (vs US$2.46 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$169.8m (down 27% from FY 2019). Net loss: US$93.6m (down 300% from profit in FY 2019). Analyst Estimate Surprise Post Earnings • Mar 11
Revenue beats expectations Revenue exceeded analyst estimates by 0.2%. Over the next year, revenue is expected to shrink by 16% compared to a 46% growth forecast for the REITs industry in Germany. 공시 • Jan 28
Retail Value Inc.(NYSE:RVI) dropped from Russell 1000 Dynamic Index Retail Value Inc.(NYSE:RVI) dropped from Russell 1000 Dynamic Index Recent Insider Transactions • Dec 30
Executive VP recently sold €52k worth of stock On the 28th of December, Christa Vesy sold around 4k shares on-market at roughly €11.92 per share. This was the largest sale by an insider in the last 3 months. This was Christa's only on-market trade for the last 12 months. 공시 • Dec 23
An unknown buyer acquired Plaza Palma Real from Retail Value Inc. (NYSE:RVI) for $50 million. An unknown buyer acquired Plaza Palma Real from Retail Value Inc. (NYSE:RVI) for $50 million on December 22, 2020. Net proceeds were used to repay mortgage debt associated with RVI.
An unknown buyer completed the acquisition of Plaza Palma Real from Retail Value Inc. (NYSE:RVI) on December 22, 2020.