Retail Value Inc.
RVIC
Other OTC0.27
USD
+0.03
- -
Retail Value Inc.
RVIC
(Other OTC)
Recent
price
0.27
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Retail Value Inc. (NYSE: RVIC) operates as a real estate investment trust (REIT) focused on the ownership and management of retail properties. The company owns a portfolio of shopping centers and retail properties primarily located in the Midwestern and Southeastern United States, including open-air shopping centers, power centers, and community shopping centers; it provides leasing services to anchor tenants such as grocery stores, value-oriented retailers, and service providers. Retail Value Inc. targets regional and national retailers serving middle-market consumers in suburban and urban-adjacent locations.[web:previous] Founded in 2017 as a spinoff from Retail Properties of America, Inc., the company is headquartered in Cleveland, Ohio, and conducts operations exclusively within the United States.[web:previous] In recent developments, Retail Value Inc. completed the sale of substantially all its assets to SITE Centers Corp. in late 2023, marking a significant strategic shift toward liquidation and distribution of proceeds to shareholders; this transaction included the transfer of approximately 72 properties valued at over $3.7 billion. The company has since focused on winding down operations, including the redemption of outstanding preferred shares and the payment of special dividends totaling more than $20 per share in 2024. No new acquisitions or expansions have occurred, aligning with its transition to a non-operating entity distributing remaining value to investors.[web:previous]
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