Retail Opportunity Investments
Market Cap
US$2.2b
Last Updated
2021/04/18 22:53 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
Earnings are forecast to decline by an average of 3.5% per year for the next 3 years
+ 1 more risk
Snowflake Analysis
Average dividend payer and slightly overvalued.
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 is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: ROIC's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
6.3%
ROIC
2.4%
US REITs
1.3%
US Market
1 Year Return
113.7%
ROIC
26.1%
US REITs
53.8%
US Market
Return vs Industry: ROIC exceeded the US REITs industry which returned 26.1% over the past year.
Return vs Market: ROIC exceeded the US Market which returned 53.8% over the past year.
Shareholder returns
| ROIC | Industry | Market | |
|---|---|---|---|
| 7 Day | 6.3% | 2.4% | 1.3% |
| 30 Day | 6.1% | 6.4% | 5.1% |
| 90 Day | 21.1% | 13.5% | 8.9% |
| 1 Year | 115.2%113.7% | 31.4%26.1% | 56.6%53.8% |
| 3 Year | 15.3%4.3% | 46.4%28.7% | 64.4%53.6% |
| 5 Year | 8.1%-9.2% | 53.3%22.4% | 120.4%95.7% |
Long-Term 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
Have Insiders Been Buying Retail Opportunity Investments Corp. (NASDAQ:ROIC) Shares?1 month ago | Simply Wall St
Retail Opportunity Investments (NASDAQ:ROIC) Share Prices Have Dropped 16% In The Last Five Years2 months ago | Simply Wall St
Can Retail Opportunity Investments Corp. (NASDAQ:ROIC) Improve Its Returns?Valuation
Is Retail Opportunity Investments undervalued compared to its fair value and its price relative to the market?
20.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ROIC ($17.33) is trading below our estimate of fair value ($21.67)
Significantly Below Fair Value: ROIC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ROIC is poor value based on its PE Ratio (63.4x) compared to the US REITs industry average (47.1x).
PE vs Market: ROIC is poor value based on its PE Ratio (63.4x) compared to the US market (22.4x).
Price to Earnings Growth Ratio
PEG Ratio: ROIC's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: ROIC's PB Ratio (1.7x) is in line with the US REITs industry average.
Future Growth
How is Retail Opportunity Investments forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
-3.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ROIC's earnings are forecast to decline over the next 3 years (-3.5% per year).
Earnings vs Market: ROIC's earnings are forecast to decline over the next 3 years (-3.5% per year).
High Growth Earnings: ROIC's earnings are forecast to decline over the next 3 years.
Revenue vs Market: ROIC's revenue (1.5% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: ROIC's revenue (1.5% 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 (2.7%).
Past Performance
How has Retail Opportunity Investments performed over the past 5 years?
8.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ROIC has high quality earnings.
Growing Profit Margin: ROIC's current net profit margins (11.2%) are lower than last year (16.4%).
Past Earnings Growth Analysis
Earnings Trend: ROIC's earnings have grown by 8.4% 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 (-34.1%) over the past year, making it difficult to compare to the REITs industry average (-4.4%).
Return on Equity
High ROE: ROIC's Return on Equity (2.7%) is considered low.
Financial Health
How is Retail Opportunity Investments's financial position?
Financial Position Analysis
Short Term Liabilities: ROIC's short term assets ($70.2M) exceed its short term liabilities ($39.1M).
Long Term Liabilities: ROIC's short term assets ($70.2M) do not cover its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: ROIC's debt to equity ratio (107.1%) is considered high.
Reducing Debt: ROIC's debt to equity ratio has increased from 84.4% to 107.1% over the past 5 years.
Debt Coverage: ROIC's debt is not well covered by operating cash flow (7.7%).
Interest Coverage: ROIC's interest payments on its debt are not well covered by EBIT (1.6x coverage).
Balance Sheet
Dividend
What is Retail Opportunity Investments's current dividend yield, its reliability and sustainability?
2.54%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ROIC's dividend (2.54%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: ROIC's dividend (2.54%) is low compared to the top 25% of dividend payers in the US market (3.46%).
Stability and Growth of Payments
Stable Dividend: ROIC's dividend payments have been volatile in the past 10 years.
Growing Dividend: ROIC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (18%), ROIC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ROIC's dividends in 3 years are forecast to be covered by earnings (56.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
9.3yrs
Average management tenure
CEO
Stuart Tanz (61 yo)
11.5yrs
Tenure
US$5,821,977
Compensation
Mr. Stuart A. Tanz has been the Chief Executive Officer and President of Retail Opportunity Investments GP LLC - General Partner of Retail Opportunity Investments Partnership, LP since 2009. Mr. Tanz has b...
CEO Compensation Analysis
Compensation vs Market: Stuart's total compensation ($USD5.82M) is above average for companies of similar size in the US market ($USD3.75M).
Compensation vs Earnings: Stuart's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: ROIC's management team is seasoned and experienced (9.3 years average tenure).
Board Members
Experienced Board: ROIC's board of directors are seasoned and experienced ( 11.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ROIC insiders have only sold shares 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: NaN
- Industry: Retail REITs
- Sector: Real Estate
- Implied Market Cap: US$2.209b
- Market Cap: US$2.054b
- Shares outstanding: 127.48m
- 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
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 | 2021/04/18 22:53 |
| End of Day Share Price | 2021/04/16 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.