Retail Opportunity Investments Corp (OQ:ROIC)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | Suite 200, 11250 El Camino Real SAN DIEGO CA 92130 |
| Tel: | N/A |
| Website: | https://www.roireit.net |
| IR: | See website |
| Key People | ||
| Stuart A. Tanz President, Chief Executive Officer, Director | Michael B. Haines Chief Financial Officer | Richard K. Schoebel Chief Operating Officer |
| Business Overview |
| Retail Opportunity Investments Corp. (ROIC) is a fully integrated, self-managed real estate investment trust (REIT). The Company is engaged in the acquisition, ownership and management of necessity-based community and neighborhood shopping centers on the west coast of the United States, anchored by supermarkets and drugstores. ROIC operates its business through, its operating partnership subsidiary, Retail Opportunity Investments Partnership, LP. The Company is organized in an umbrella partnership real estate investment trust (UpREIT) format pursuant to which Retail Opportunity Investments GP, LLC, which serves as the general partner. The operating partnership holds all the assets of the Company and directly or indirectly holds the ownership interests in the Company's real estate ventures. The Company's portfolio consists of approximately 94 properties totaling approximately 10.6 million square feet of gross leasable area (GLA). |
| Financial Overview |
| For the three months ended 31 March 2024, Retail Opportunity Investments Corp revenues increased 8% to $85.3M. Net income applicable to common stockholders increased 36% to $10.9M. Revenues reflect Other income increase from $297K to $770K. Net income benefited from Property taxes decrease of 3% to $8.6M (expense), Other expense decrease of 12% to $152K (expense). Dividend per share remained flat at $0.15. |
| Employees: | 71 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $2,955M as of Mar 31, 2024 |
| Annual revenue (TTM): | $333.77M as of Mar 31, 2024 |
| EBITDA (TTM): | $220.17M as of Mar 31, 2024 |
| Net annual income (TTM): | $36.95M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$9.30M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $1,370M as of Mar 31, 2024 |
| Shares outstanding: | 127,454,354 as of Apr 18, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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