Retail Opportunity Investments
Market Cap
US$2.4b
Last Updated
2019/10/23 00:03 UTC
Data Sources
Company Financials +
Executive Summary
Retail Opportunity Investments Corp. (NASDAQ: ROIC), is a fully-integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely-populated, metropolitan markets across the West Coast.
Snowflake
Fundamentals
Proven track record average dividend payer.
Similar Companies
Share Price & News
How has Retail Opportunity Investments's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
2.6%
ROIC
0.9%
US REITs
0.07%
US Market
1 Year Return
11.6%
ROIC
21.8%
US REITs
8.9%
US Market
Return vs Industry: ROIC underperformed the US REITs industry which returned 21.8% over the past year.
Return vs Market: ROIC exceeded the US Market which returned 8.9% over the past year.
Shareholder returns
| ROIC | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.6% | 0.9% | 0.07% |
| 30 Day | 3.8% | 2.2% | -0.3% |
| 90 Day | 6.2% | 7.9% | -1.6% |
| 1 Year | 16.7%11.6% | 27.0%21.8% | 11.3%8.9% |
| 3 Year | 4.5%-7.5% | 37.5%20.2% | 46.3%36.8% |
| 5 Year | 44.2%18.1% | 65.5%30.4% | 62.1%44.3% |
Price Volatility Vs. Market
How volatile is Retail Opportunity Investments's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
What Did Retail Opportunity Investments Corp.'s (NASDAQ:ROIC) CEO Take Home Last Year?1 month ago | Simply Wall St
It Might Be Better To Avoid Retail Opportunity Investments Corp.'s (NASDAQ:ROIC) Upcoming 1.1% Dividend2 months ago | Simply Wall St
Should Retail Opportunity Investments Corp. (NASDAQ:ROIC) Be Part Of Your Income Portfolio?Valuation
Is Retail Opportunity Investments undervalued compared to its fair value and its price relative to the market?
16.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ROIC ($18.95) is trading below our estimate of fair value ($22.76)
Significantly Below Fair Value: ROIC is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: ROIC is poor value based on its PE Ratio (47.6x) compared to the REITs industry average (37.3x).
PE vs Market: ROIC is poor value based on its PE Ratio (47.6x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: ROIC is poor value based on its PEG Ratio (8.5x)
Price to Book Ratio
PB vs Industry: ROIC is good value based on its PB Ratio (1.9x) compared to the US REITs industry average (2.1x).
Next Steps
Future Growth
How is Retail Opportunity Investments forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
5.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ROIC's forecast earnings growth (5.6% per year) is above the savings rate (2.7%).
Earnings vs Market: ROIC's earnings (5.6% per year) are forecast to grow slower than the US market (14.5% per year).
High Growth Earnings: ROIC's earnings are forecast to grow, but not significantly.
Revenue vs Market: ROIC's revenue (2% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: ROIC's revenue (2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ROIC's Return on Equity is forecast to be low in 3 years time (3.9%).
Next Steps
Past Performance
How has Retail Opportunity Investments performed over the past 5 years?
14.8%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: ROIC's earnings have grown by 14.8% per year over the past 5 years.
Accelerating Growth: ROIC's earnings growth over the past year (19.7%) exceeds its 5-year average (14.8% per year).
Earnings vs Industry: ROIC earnings growth over the past year (19.7%) exceeded the REITs industry 16.9%.
Return on Equity
High ROE: ROIC's Return on Equity (3.9%) is considered low.
Return on Assets
ROA vs Industry: ROIC's Return on Assets is below or equal to the REITs industry average last year.
Return on Capital Employed
ROCE Improving: ROIC has significantly improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Retail Opportunity Investments's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: ROIC has a high level of physical assets or inventory.
Debt Coverage by Assets: ROIC's debt is not covered by short term assets (assets are 0x debt).
Financial Institutions Analysis
Asset Level: ROIC's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if ROIC has a sufficient allowance for bad loans.
Low Risk Liabilities: ROIC reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if ROIC has an acceptable proportion of non-loan assets held.
Low Risk Deposits: ROIC has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if ROIC has an appropriate level of bad loans.
Next Steps
Dividend
What is Retail Opportunity Investments's current dividend yield, its reliability and sustainability?
4.16%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: ROIC's dividend (4.16%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: ROIC's dividend (4.16%) is in the top 25% of dividend payers in the US market (3.68%)
Stable Dividend: Whilst dividend payments have been stable, ROIC has been paying a dividend for less than 10 years.
Growing Dividend: ROIC's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (65.7%), ROIC's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ROIC's dividends in 3 years are forecast to be thoroughly covered by earnings (0.6% payout ratio).
Next Steps
Management
What is the CEO of Retail Opportunity Investments's salary, the management and board of directors tenure and is there insider trading?
7.8yrs
Average management tenure
CEO
Stuart Tanz (60yo)
10yrs
Tenure
US$4,944,414
Compensation
Mr. Stuart A. Tanz has been the Chief Executive Officer and President of Retail Opportunity Investments GP LLC - General Partner of Retail Opportunity Investments Partnership, LP since 2009. Mr. Tanz has b ...
CEO Compensation Analysis
Compensation vs. Market: Stuart's total compensation ($USD4.94M) is about average for companies of similar size in the US market ($USD4.07M).
Compensation vs Earnings: Stuart's compensation has been consistent with company performance over the past year.
Management Age and Tenure
7.8yrs
Average Tenure
56.5yo
Average Age
Experienced Management: ROIC's management team is seasoned and experienced (7.8 years average tenure).
Board Age and Tenure
11.1yrs
Average Tenure
69yo
Average Age
Experienced Board: ROIC's board of directors are seasoned and experienced ( 11.1 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
Stuart Tanz (60yo)
President
- Tenure: 10yrs
- Compensation: US$4.94m
Laurie Sneve (56yo)
CAO, Senior VP & Controller
- Tenure: 6.8yrs
- Compensation: US$223.57k
Michael Haines (57yo)
Executive VP
- Tenure: 6.8yrs
- Compensation: US$1.72m
Rich Schoebel (53yo)
Chief Operating Officer
- Tenure: 9.9yrs
- Compensation: US$1.94m
Ashley Rubino
Investor Relations Officer
- Tenure: 7.8yrs
Carol Merriman
Investor Relations Officer
- Tenure: 0yrs
Board Members
Stuart Tanz (60yo)
President
- Tenure: 10yrs
- Compensation: US$4.94m
Ed Meyer (92yo)
Independent Director
- Tenure: 12.3yrs
- Compensation: US$188.99k
Lee Neibart (68yo)
Independent Director
- Tenure: 12.3yrs
- Compensation: US$168.99k
Laura Pomerantz (71yo)
Independent Director
- Tenure: 12.3yrs
- Compensation: US$188.49k
Eric Zorn (70yo)
Independent Director
- Tenure: 7.6yrs
- Compensation: US$174.99k
Michael Indiveri (66yo)
Independent Director
- Tenure: 12.3yrs
- Compensation: US$196.49k
Richard Baker (54yo)
Non-Executive Chairman
- Tenure: 10yrs
- Compensation: US$785.89k
Charles Persico (79yo)
Independent Director
- Tenure: 10yrs
- Compensation: US$176.49k
Company Information
Retail Opportunity Investments Corp.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Retail Opportunity Investments Corp.
- Ticker: ROIC
- Exchange: NasdaqGS
- Founded:
- Industry: Retail REITs
- Sector: Real Estate
- Implied Market Cap: US$2.377b
- Market Cap: US$2.166b
- Shares outstanding: 125.72m
- Website: https://www.roireit.net
Number of Employees
Location
- Retail Opportunity Investments Corp.
- 11250 El Camino Real
- Suite 200
- San Diego
- California
- 92130
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ROIC | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Oct 2007 |
Biography
Retail Opportunity Investments Corp. (NASDAQ: ROIC), is a fully-integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchore ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/23 00:03 |
| End of Day Share Price | 2019/10/22 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.