Retail Opportunity Investments
Market Cap
US$1.3b
Last Updated
2020/10/22 23:53 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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Fair value with moderate growth potential.
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
Stable Share Price: ROIC has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0.2%
ROIC
-1.7%
US REITs
-1.4%
US Market
1 Year Return
-42.9%
ROIC
-15.9%
US REITs
17.8%
US Market
Return vs Industry: ROIC underperformed the US REITs industry which returned -15.9% over the past year.
Return vs Market: ROIC underperformed the US Market which returned 17.8% over the past year.
Shareholder returns
| ROIC | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.2% | -1.7% | -1.4% |
| 30 Day | 8.4% | 2.1% | 4.7% |
| 90 Day | 6.1% | 1.6% | 8.2% |
| 1 Year | -41.2%-42.9% | -12.6%-15.9% | 20.5%17.8% |
| 3 Year | -34.1%-41.2% | 14.6%1.0% | 42.2%32.7% |
| 5 Year | -29.3%-41.3% | 38.3%10.5% | 83.4%62.7% |
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
3 weeks ago | Simply Wall St
Read This Before Judging Retail Opportunity Investments Corp.'s (NASDAQ:ROIC) ROE1 month ago | Simply Wall St
How Is Retail Opportunity Investments' (NASDAQ:ROIC) CEO Compensated?Valuation
Is Retail Opportunity Investments undervalued compared to its fair value and its price relative to the market?
13.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ROIC ($10.74) is trading below our estimate of fair value ($12.48)
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 good value based on its PE Ratio (28x) compared to the US REITs industry average (34.5x).
PE vs Market: ROIC is poor value based on its PE Ratio (28x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: ROIC is poor value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: ROIC is good value based on its PB Ratio (1.1x) compared to the US REITs industry average (1.4x).
Next Steps
Future Growth
How is Retail Opportunity Investments forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
27.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ROIC's forecast earnings growth (27.9% per year) is above the savings rate (2.2%).
Earnings vs Market: ROIC's earnings (27.9% per year) are forecast to grow faster than the US market (22% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ROIC's revenue is expected to decline over the next 3 years (-1.1% per year).
High Growth Revenue: ROIC's revenue is forecast to decline over the next 3 years (-1.1% 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 (5.2%).
Next Steps
Past Performance
How has Retail Opportunity Investments performed over the past 5 years?
14.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ROIC has a large one-off gain of $10.4M impacting its June 30 2020 financial results.
Growing Profit Margin: ROIC's current net profit margins (15.4%) are higher than last year (15.1%).
Past Earnings Growth Analysis
Earnings Trend: ROIC's earnings have grown by 14.9% per year over the past 5 years.
Accelerating Growth: ROIC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ROIC had negative earnings growth (-1.9%) over the past year, making it difficult to compare to the REITs industry average (1.6%).
Return on Equity
High ROE: ROIC's Return on Equity (3.9%) is considered low.
Next Steps
Financial Health
How is Retail Opportunity Investments's financial position?
Financial Position Analysis
Short Term Liabilities: ROIC's short term assets ($207.5M) exceed its short term liabilities ($25.4M).
Long Term Liabilities: ROIC's short term assets ($207.5M) do not cover its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: ROIC's debt to equity ratio (124.1%) is considered high.
Reducing Debt: ROIC's debt to equity ratio has increased from 89.8% to 124.1% over the past 5 years.
Debt Coverage: ROIC's debt is not well covered by operating cash flow (7.5%).
Interest Coverage: ROIC's interest payments on its debt are not well covered by EBIT (1.6x coverage).
Balance Sheet
Next Steps
Dividend
What is Retail Opportunity Investments's current dividend yield, its reliability and sustainability?
5.41%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ROIC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ROIC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ROIC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ROIC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: ROIC is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ROIC's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.8yrs
Average management tenure
CEO
Stuart Tanz (61 yo)
11yrs
Tenure
US$6,001,136
Compensation
Mr. Stuart A. Tanz has been the Chief Executive Officer and President of Retail Opportunity Investments GP LLC - General Partner of Retail Opportunity Investments Partnership, LP since 2009. Mr. Tanz has b ...
CEO Compensation Analysis
Compensation vs Market: Stuart's total compensation ($USD6.00M) is above average for companies of similar size in the US market ($USD4.48M).
Compensation vs Earnings: Stuart's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 11yrs | US$6.00m | 1.4% $ 18.5m | |
| Executive VP | 7.83yrs | US$2.04m | 0.20% $ 2.6m | |
| Chief Operating Officer | 10.92yrs | US$2.30m | 0.28% $ 3.7m | |
| CAO, Senior VP & Controller | 7.75yrs | US$223.57k | 0.099% $ 1.3m | |
| Investor Relations Officer | 8.75yrs | no data | no data | |
| Investor Relations Officer | no data | no data | no data |
8.8yrs
Average Tenure
57.5yo
Average Age
Experienced Management: ROIC's management team is seasoned and experienced (8.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 11yrs | US$6.00m | 1.4% $ 18.5m | |
| Independent Director | 13.25yrs | US$184.50k | 0.074% $ 971.4k | |
| Independent Director | 13.25yrs | US$172.00k | 0.094% $ 1.2m | |
| Independent Director | 13.25yrs | US$188.50k | 0.045% $ 599.2k | |
| Independent Director | 8.58yrs | US$173.50k | 0.080% $ 1.1m | |
| Independent Director | 13.25yrs | US$195.00k | 0.064% $ 841.7k | |
| Non-Executive Chairman | 11yrs | US$903.72k | 0.24% $ 3.2m | |
| Independent Director | 11yrs | US$175.00k | 0.020% $ 263.6k |
12.1yrs
Average Tenure
70yo
Average Age
Experienced Board: ROIC's board of directors are seasoned and experienced ( 12.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$1.319b
- Market Cap: US$1.267b
- Shares outstanding: 127.34m
- 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 | 2020/10/22 23:53 |
| End of Day Share Price | 2020/10/22 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.