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Retail Opportunity Investments

Market Cap

US$2.1b

Last Updated

2021/04/12 23:17 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


Snowflake Analysis

Average dividend payer and fair value.


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

1.1%

ROIC

0.4%

US REITs

0.9%

US Market


1 Year Return

80.9%

ROIC

24.4%

US REITs

57.9%

US Market

Return vs Industry: ROIC exceeded the US REITs industry which returned 18.3% over the past year.

Return vs Market: ROIC exceeded the US Market which returned 56.3% over the past year.


Shareholder returns

ROICIndustryMarket
7 Day1.1%0.4%0.9%
30 Day-3.2%2.9%2.3%
90 Day17.4%14.9%6.3%
1 Year82.2%80.9%29.7%24.4%60.8%57.9%
3 Year6.1%-4.1%41.7%24.5%64.5%53.9%
5 Year-0.4%-16.4%46.8%17.2%120.9%96.4%

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

Valuation

Is Retail Opportunity Investments undervalued compared to its fair value and its price relative to the market?

23.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ROIC ($16.3) is trading below our estimate of fair value ($21.53)

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 (59.7x) compared to the US REITs industry average (46.5x).

PE vs Market: ROIC is poor value based on its PE Ratio (59.7x) compared to the US market (22.3x).


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 is good value based on its PB Ratio (1.6x) compared to the US REITs industry average (1.8x).


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 (1.3% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: ROIC's revenue (1.3% 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?

2.68%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ROIC's dividend (2.7%) is higher than the bottom 25% of dividend payers in the US market (1.26%).

High Dividend: ROIC's dividend (2.7%) is low compared to the top 25% of dividend payers in the US market (3.5%).


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 (56.3% 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 ($USD5.82M) is above average for companies of similar size in the US market ($USD3.67M).

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$2.078b
  • Market Cap: US$1.945b
  • 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/12 23:17
End of Day Share Price2021/04/12 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.