Blackstone in talks to acquire shopping center owner Retail Opportunity

Quick Summary:

In October, it reported net income of $32.1 million for the quarter ended Sept.30, up from $8.4 million in the corresponding period a year ago.

Owners of strip malls, pharmacy chains and retail stores have managed to pass on increased costs from high inflation to consumers over the past year, benefiting landlords like ROIC.

Based in San Diego, California, ROIC owned 93 shopping centers spanning about 10.5 million square feet, according to its website.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Private equity firms Bain Capital Retail Opportunity Acquisition Blackstone

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 08:56:36 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 542 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23388057

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