ROIC Stock Overview
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.
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Retail Opportunity Investments Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$17.37|
|52 Week High||US$20.09|
|52 Week Low||US$15.07|
|1 Month Change||10.43%|
|3 Month Change||3.15%|
|1 Year Change||-1.59%|
|3 Year Change||-4.09%|
|5 Year Change||-13.37%|
|Change since IPO||90.25%|
Recent News & Updates
|ROIC||US REITs||US Market|
Return vs Industry: ROIC exceeded the US REITs industry which returned -6.7% over the past year.
Return vs Market: ROIC exceeded the US Market which returned -13% over the past year.
|ROIC Average Weekly Movement||4.3%|
|REITs Industry Average Movement||4.3%|
|Market Average Movement||7.9%|
|10% most volatile stocks in US Market||17.2%|
|10% least volatile stocks in US Market||3.2%|
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.
About the Company
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. As of September 30, 2020, ROIC owned 88 shopping centers encompassing approximately 10.1 million square feet. ROIC is the largest publicly-traded, grocery-anchored shopping center REIT focused exclusively on the West Coast.
Retail Opportunity Investments Fundamentals Summary
|ROIC fundamental statistics|
Is ROIC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ROIC income statement (TTM)|
|Cost of Revenue||US$81.54m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||0.42|
|Net Profit Margin||17.53%|
How did ROIC perform over the long term?See historical performance and comparison
3.5%Current Dividend Yield
Does ROIC pay a reliable dividends?See ROIC dividend history and benchmarks
|Retail Opportunity Investments dividend dates|
|Ex Dividend Date||Sep 15 2022|
|Dividend Pay Date||Oct 07 2022|
|Days until Ex dividend||35 days|
|Days until Dividend pay date||57 days|
Does ROIC pay a reliable dividends?See ROIC dividend history and benchmarks
Is ROIC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for ROIC?
Other financial metrics that can be useful for relative valuation.
|What is ROIC's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does ROIC's PE Ratio compare to its peers?
|ROIC PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
UE Urban Edge Properties
IVT InvenTrust Properties
SITC SITE Centers
ROIC Retail Opportunity Investments
Price-To-Earnings vs Peers: ROIC is expensive based on its Price-To-Earnings Ratio (41.3x) compared to the peer average (36.7x).
Price to Earnings Ratio vs Industry
How does ROIC's PE Ratio compare vs other companies in the US REITs Industry?
Price-To-Earnings vs Industry: ROIC is expensive based on its Price-To-Earnings Ratio (41.3x) compared to the US REITs industry average (31.3x)
Price to Earnings Ratio vs Fair Ratio
What is ROIC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||41.3x|
|Fair PE Ratio||28.6x|
Price-To-Earnings vs Fair Ratio: ROIC is expensive based on its Price-To-Earnings Ratio (41.3x) compared to the estimated Fair Price-To-Earnings Ratio (28.6x).
Share Price vs Fair Value
What is the Fair Price of ROIC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: ROIC ($17.37) is trading below our estimate of fair value ($27.16)
Significantly Below Fair Value: ROIC is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is less than 20% higher than the current share price.
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How is Retail Opportunity Investments forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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 (-4.7% per year).
Earnings vs Market: ROIC's earnings are forecast to decline over the next 3 years (-4.7% per year).
High Growth Earnings: ROIC's earnings are forecast to decline over the next 3 years.
Revenue vs Market: ROIC's revenue (3.6% per year) is forecast to grow slower than the US market (7.9% per year).
High Growth Revenue: ROIC's revenue (3.6% 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 (4.7%).
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How has Retail Opportunity Investments performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ROIC has a large one-off gain of $12.9M impacting its June 30 2022 financial results.
Growing Profit Margin: ROIC's current net profit margins (17.5%) are higher than last year (13.8%).
Past Earnings Growth Analysis
Earnings Trend: ROIC's earnings have grown by 5.2% per year over the past 5 years.
Accelerating Growth: ROIC's earnings growth over the past year (33.9%) exceeds its 5-year average (5.2% per year).
Earnings vs Industry: ROIC earnings growth over the past year (33.9%) underperformed the REITs industry 47.6%.
Return on Equity
High ROE: ROIC's Return on Equity (4.1%) is considered low.
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How is Retail Opportunity Investments's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: ROIC's short term assets ($62.0M) exceed its short term liabilities ($39.4M).
Long Term Liabilities: ROIC's short term assets ($62.0M) do not cover its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: ROIC's net debt to equity ratio (97%) is considered high.
Reducing Debt: ROIC's debt to equity ratio has reduced from 102.8% to 97.4% over the past 5 years.
Debt Coverage: ROIC's debt is not well covered by operating cash flow (10.9%).
Interest Coverage: ROIC's interest payments on its debt are not well covered by EBIT (1.8x coverage).
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What is Retail Opportunity Investments's current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Cash Flow Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: ROIC's dividend (3.45%) is higher than the bottom 25% of dividend payers in the US market (1.52%).
High Dividend: ROIC's dividend (3.45%) is low compared to the top 25% of dividend payers in the US market (4.08%).
Stability and Growth of Payments
Stable Dividend: ROIC's dividend payments have been volatile in the past 10 years.
Growing Dividend: ROIC's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (48.1%), ROIC's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (54.3%), ROIC's dividend payments are covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Stuart Tanz (63 yo)
Mr. Stuart A. Tanz has been the Chief Executive Officer and President of Retail Opportunity Investments GP LLC - General Partner of Retail Opportunity Investments Partnership, LP since 2009. Mr. Tanz has b...
CEO Compensation Analysis
Compensation vs Market: Stuart's total compensation ($USD6.31M) is about average for companies of similar size in the US market ($USD5.45M).
Compensation vs Earnings: Stuart's compensation has been consistent with company performance over the past year.
Experienced Management: ROIC's management team is seasoned and experienced (10.6 years average tenure).
Experienced Board: ROIC's board of directors are seasoned and experienced ( 11.6 years average tenure).
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.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.5%.
Retail Opportunity Investments Corp.'s employee growth, exchange listings and data sources
- Name: Retail Opportunity Investments Corp.
- Ticker: ROIC
- Exchange: NasdaqGS
- Founded: NaN
- Industry: Retail REITs
- Sector: Real Estate
- Implied Market Cap: US$2.313b
- Market Cap: US$2.163b
- Shares outstanding: 133.19m
- Website: https://www.roireit.net
Number of Employees
- Retail Opportunity Investments Corp.
- 11250 El Camino Real
- Suite 200
- San Diego
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/09 00:00|
|End of Day Share Price||2022/08/09 00:00|
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.