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Retail Opportunity Investments Corp. Schedules First Quarter Earnings Release and Conference Call
SAN DIEGO, March 11, 2024 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ: ROIC) will issue financial and operational results for the first quarter ended March 31, 2024, after the market closes on April 23, 2024. The Company will conduct a conference call and audio webcast on Wednesday, April 24, 2024, at 9:00 a.m. Eastern Time / 6:00 a.m. Pacific Time.
Retail Opportunity Investments Q4: Great Time To Buy These Prime Assets
Retail Opportunity Investments Corp. is an undervalued shopping center REIT focused on the U.S. West Coast.
Looking for Long-Term Value? 3 Stocks With a Strong Return on Invested Capital (ROIC)
Investing has a lot to do with common sense. However, making investment decisions without looking at some of the basic financials and ratios would be dangerous.
Retail Opportunity Investments Corp. (ROIC) Q4 2023 Earnings Call Transcript
Retail Opportunity Investments Corp. (ROIC) Q4 2023 Earnings Call Transcript
Compared to Estimates, Retail Opportunity Investments (ROIC) Q4 Earnings: A Look at Key Metrics
Although the revenue and EPS for Retail Opportunity Investments (ROIC) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Retail Opportunity Investments (ROIC) Q4 FFO Match Estimates
Retail Opportunity Investments (ROIC) came out with quarterly funds from operations (FFO) of $0.27 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.27 per share a year ago.
California Dreaming Or Nightmare?
California has a rich history of songs dedicated to the state, with famous examples from The Beach Boys, Joni Mitchell, and Katy Perry. Concerns about California's population decline and exposure to natural risks raise questions about the future of businesses in the state. Despite these concerns, certain California-based REITs like Rexford Industrial, Essex Property Trust, and Retail Opportunity Investments Corp. have strong market positions and favorable supply and demand dynamics.
Retail Opportunity Investments: Taking Advantage Of The Weakness
Retail Opportunity Investments is a West Coast-focused REIT with strong fundamentals and a solid portfolio of grocery-anchored shopping centers. Despite a drop in valuation, ROIC maintains high occupancy rates and investment-grade credit ratings. The company offers a 5%+ yield and potential for growth, making it a good alternative for investors seeking diversification and West Coast exposure.
Retail Opportunity Investments: ROIC Is A Perfect Name For This West Coast Gem
Retail Opportunity Investments Corp. stock has underperformed the Vanguard Real Estate Index ETF in the past year. It owns shopping center properties along the West Coast with a high leased rate, and the majority of tenants are e-commerce resistant. ROIC is materially undervalued compared to both its historical valuation as well as that of its peers.
Retail Opportunity Investments Corp. (ROIC) Q3 2023 Earnings Call Transcript
Retail Opportunity Investments Corp. (NASDAQ:ROIC ) Q3 2023 Earnings Conference Call October 25, 2023 9:00 AM ET Company Participants Lauren Silveira - Chief Accounting Officer Stuart Tanz - Chief Executive Officer Richard Schoebel - Chief Operating Officer Michael Haines - Chief Financial Officer Conference Call Participants Juan Sanabria - BMO capital Markets Craig Mailman - Citi Wesley Golladay - Baird Dori Kesten - Wells Fargo Securities Michael Mueller - JPMorgan Linda Tsai - Jefferies Paulina Rojas Schmidt - Green Street Todd Thomas - KeyBanc Capital Markets Operator Welcome to the Retail Opportunity Investments Third Quarter 2023 Conference Call. Participants are currently in a listen-only mode.
ROIC Financial details
ROIC Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2023-12-31
Metric | History | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 2.58 | 2.43 | 2.21 | 2.5 | 2.47 | |
Net income per share | -0.1 | -0.23 | -0.02 | -0.06 | 0.26 | |
Operating cash flow per share | 1.16 | 0.91 | 1.06 | 1.21 | 1.11 | |
Free cash flow per share | 1.16 | 0.91 | 1.06 | 1.21 | 1.11 | |
Cash per share | 0.03 | 0.04 | 0.1 | 0.05 | 0.06 | |
Book value per share | 10.33 | 10.28 | 9.94 | 10.5 | 9.69 | |
Tangible book value per share | 10.79 | 10.63 | 10.25 | 10.8 | 9.94 | |
Share holders equity per share | 10.33 | 10.28 | 9.94 | 10.5 | 9.69 | |
Interest debt per share | 12.88 | 12.28 | 10.99 | 11.79 | 11.13 | |
Market cap | 2.02B | 1.56B | 2.52B | 1.85B | 1.86B | |
Enterprise value | 3.42B | 2.93B | 3.83B | 3.24B | 3.42B | |
P/E ratio | -176.29 | -58.17 | -794.98 | -252.12 | 53.98 | |
Price to sales ratio | 6.83 | 5.5 | 8.86 | 6 | 5.69 | |
POCF ratio | 15.27 | 14.65 | 18.47 | 12.45 | 12.64 | |
PFCF ratio | 15.27 | 14.65 | 18.47 | 12.45 | 12.64 | |
P/B Ratio | 1.71 | 1.3 | 1.97 | 1.43 | 1.45 | |
PTB ratio | 1.71 | 1.3 | 1.97 | 1.43 | 1.45 | |
EV to sales | 11.6 | 10.32 | 13.5 | 10.5 | 10.42 | |
Enterprise value over EBITDA | 17.13 | 15.26 | 20.67 | 15.86 | 15.95 | |
EV to operating cash flow | 25.92 | 27.49 | 28.12 | 21.77 | 23.16 | |
EV to free cash flow | 25.92 | 27.49 | 28.12 | 21.77 | 23.16 | |
Earnings yield | -0.01 | -0.02 | 0 | 0 | 0.02 | |
Free cash flow yield | 0.07 | 0.07 | 0.05 | 0.08 | 0.08 | |
Debt to equity | 1.2 | 1.15 | 1.06 | 1.08 | 1.09 | |
Debt to assets | 0.48 | 0.48 | 0.46 | 0.46 | 0.47 | |
Net debt to EBITDA | 7.04 | 7.12 | 7.1 | 6.79 | 7.25 | |
Current ratio | 0.69 | 1.19 | 1.67 | 0.69 | 0.62 | |
Interest coverage | 1.87 | 1.58 | 2 | 1.94 | 1.48 | |
Income quality | 2.46 | 3.07 | 2.38 | 2.69 | 4.33 | |
Dividend Yield | 0.05 | 0.01 | 0.02 | 0.05 | 0.03 | |
Payout ratio | -7.93 | -0.87 | -12.56 | -13.35 | 1.65 | |
Sales general and administrative to revenue | 0.06 | 0.06 | 0.07 | 0.07 | 0.07 | |
Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
Intangibles to total assets | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | |
Capex to operating cash flow | 0 | 0 | 0 | 0 | 0 | |
Capex to revenue | 0 | 0 | 0 | 0 | 0 | |
Capex to depreciation | 0 | 0 | 0 | 0 | 0 | |
Stock based compensation to revenue | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | |
Graham number | 4.83 | 7.3 | 2.35 | 3.75 | 7.53 | |
ROIC | -0.01 | -0.03 | 0 | -0.01 | 0.04 | |
Return on tangible assets | 0 | -0.01 | 0 | 0 | 0.01 | |
Graham Net | -13.48 | -12.68 | -11.71 | -12.39 | -11.72 | |
Working capital | -30.86M | 12.24M | 32.76M | -34.64M | -47.94M | |
Tangible asset value | 1.23B | 1.24B | 1.32B | 1.33B | 1.32B | |
Net current asset value | -1.55B | -1.5B | -1.48B | -1.54B | -1.54B | |
Invested capital | 1.2 | 1.15 | 1.06 | 1.08 | 1.09 | |
Average receivables | 52.83M | 61.27M | 62.19M | 61.5M | 64.11M | |
Average payables | 8.78M | 17.62M | 33.14M | 35.74M | 11.44M | |
Average inventory | 34.55M | 73.04M | 38.49M | 39.05M | 39.05M | |
Days sales outstanding | 72.77 | 81.85 | 77.94 | 73.64 | 73.38 | |
Days payables outstanding | 84.29 | 86.84 | 227.12 | 97.46 | 0 | |
Days of inventory on hand | 331.67 | 377.95 | 0 | 332.64 | 0 | |
Receivables turnover | 5.02 | 4.46 | 4.68 | 4.96 | 4.97 | |
Payables turnover | 4.33 | 4.2 | 1.61 | 3.75 | 0 | |
Inventory turnover | 1.1 | 0.97 | 78.1M | 1.1 | 0 | |
ROE | -0.01 | -0.02 | 0 | -0.01 | 0.03 | |
Capex per share | 0 | 0 | 0 | 0 | 0 |
Quarterly Fundamentals Overview
Last date of statement is 2023-12-31 for Q4
Metric | History | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 0.64 | 0.58 | 0.66 | 0.62 | 0.64 | |
Net income per share | -0.05 | 0.06 | 0.08 | 0.06 | 0.06 | |
Operating cash flow per share | 0.13 | 0.33 | 0.23 | 0.38 | 0.17 | |
Free cash flow per share | 0.13 | 0.33 | 0.23 | 0.38 | 0.17 | |
Cash per share | 0.05 | 0.09 | 0.05 | 1.56 | 0.06 | |
Book value per share | 10.47 | 9.47 | 10.4 | 9.67 | 9.68 | |
Tangible book value per share | 10.76 | 9.75 | 10.63 | 9.9 | 9.93 | |
Share holders equity per share | 10.47 | 9.47 | 10.4 | 9.67 | 9.68 | |
Interest debt per share | 11.4 | 10.25 | 11.19 | 13.45 | 10.53 | |
Market cap | 1.86B | 1.89B | 1.68B | 1.64B | 1.87B | |
Enterprise value | 3.25B | 3.26B | 3.04B | 2.99B | 3.42B | |
P/E ratio | -79.53 | 58.17 | 42.22 | 48.73 | 58.03 | |
Price to sales ratio | 23.47 | 23.89 | 20.44 | 20.1 | 22.03 | |
POCF ratio | 116.44 | 42.62 | 58.37 | 32.16 | 80.32 | |
PFCF ratio | 116.44 | 42.62 | 58.37 | 32.16 | 80.32 | |
P/B Ratio | 1.44 | 1.47 | 1.3 | 1.28 | 1.45 | |
PTB ratio | 1.44 | 1.47 | 1.3 | 1.28 | 1.45 | |
EV to sales | 41 | 41.08 | 37.08 | 36.58 | 40.35 | |
Enterprise value over EBITDA | 62.52 | 64.17 | 57.1 | 55.4 | 60.94 | |
EV to operating cash flow | 203.38 | 73.28 | 105.9 | 58.54 | 147.12 | |
EV to free cash flow | 203.38 | 73.28 | 105.9 | 58.54 | 147.12 | |
Earnings yield | 0 | 0 | 0.01 | 0.01 | 0 | |
Free cash flow yield | 0.01 | 0.02 | 0.02 | 0.03 | 0.01 | |
Debt to equity | 1.08 | 1.07 | 1.06 | 1.4 | 1.07 | |
Debt to assets | 0.46 | 0.46 | 0.46 | 0.57 | 0.46 | |
Net debt to EBITDA | 26.72 | 26.85 | 25.63 | 24.97 | 27.67 | |
Current ratio | 0.69 | 0.68 | 0.67 | 4.23 | 0.62 | |
Interest coverage | 1.68 | 1.51 | 1.6 | -1.5 | 1.39 | |
Income quality | 1.47 | 5.11 | 2.73 | 5.72 | 2.93 | |
Dividend Yield | 0.02 | 0 | 0.01 | 0.01 | 0.01 | |
Payout ratio | -7.52 | 0.04 | 1.89 | 2.24 | 2.35 | |
Sales general and administrative to revenue | 0.07 | 0.07 | 0.07 | 0.07 | 0.06 | |
Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
Intangibles to total assets | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | |
Capex to operating cash flow | 0 | 0 | 0 | 0 | 0 | |
Capex to revenue | 0 | 0 | 0 | 0 | 0 | |
Capex to depreciation | 0 | 0 | 0 | 0 | 0 | |
Stock based compensation to revenue | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | |
Graham number | 3.34 | 3.58 | 4.33 | 3.72 | 3.63 | |
ROIC | -0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |
Return on tangible assets | 0 | 0 | 0 | 0 | 0 | |
Graham Net | -12.34 | -11.56 | -12.55 | -11.71 | -11.71 | |
Working capital | -34.64M | -39.18M | -35.04M | 208.31M | -47.94M | |
Tangible asset value | 1.33B | 1.32B | 1.32B | 1.31B | 1.32B | |
Net current asset value | -1.54B | -1.55B | -1.54B | -1.53B | -1.54B | |
Invested capital | 1.08 | 1.07 | 1.06 | 1.4 | 1.07 | |
Average receivables | 60.66M | 63.2M | 63.07M | 62.86M | 64.76M | |
Average payables | 39.74M | 38.76M | 49.18M | 54.1M | 32.23M | |
Average inventory | 39.05M | 38.95M | -814K | -1.38M | -673K | |
Days sales outstanding | 70.76 | 72.71 | 68.1 | 70.07 | 70.05 | |
Days payables outstanding | 91.83 | 213.34 | 174.89 | 439.21 | 0 | |
Days of inventory on hand | 313.44 | -0.82 | -5.67 | -9.17 | 0 | |
Receivables turnover | 1.27 | 1.24 | 1.32 | 1.28 | 1.28 | |
Payables turnover | 0.98 | 0.42 | 0.51 | 0.2 | 0 | |
Inventory turnover | 0.29 | -109.22 | -15.88 | -9.81 | 0 | |
ROE | 0 | 0.01 | 0.01 | 0.01 | 0.01 | |
Capex per share | 0 | 0 | 0 | 0 | 0 |
ROIC Frequently Asked Questions
What is Retail Opportunity Investments Corp. stock symbol ?
Retail Opportunity Investments Corp. is a US stock , located in San diego of Ca and trading under the symbol ROIC
What is Retail Opportunity Investments Corp. stock quote today ?
Retail Opportunity Investments Corp. stock price is $12.915 today.
Is Retail Opportunity Investments Corp. stock public?
Yes, Retail Opportunity Investments Corp. is a publicly traded company.