Retail Opportunity Investments Corp - Understand $roic stock

$ROIC Market Cap: $2.227 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$336.8M

TTM

Gross Margin

82.88%

TTM

Net Earnings

$58.31M

TTM

Current Assets

$123.3M

Q3 2024

Current Liabilities

$87.55M

Q3 2024

Current Ratio

140.79%

Q3 2024

Total Assets

$3.016B

Q3 2024

Total Liabilities

$1.655B

Q3 2024

Book Value

$1.361B

Q3 2024

Cash

$61.34M

Q3 2024

P/E

38.20

Nov 29, 2024 EST

Free Cash Flow

$2.498M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	$327.7M	$312.9M	$284.1M	$284.1M	$295.0M	$295.8M	$273.3M	$237.2M	$192.7M	$155.9M	$111.2M	$75.10M	$51.70M	$16.30M	$0.00	$0.00	$0.00
YoY Change	4.73%	10.15%	0.0%	-3.7%	-0.26%	8.25%	15.21%	23.09%	23.63%	40.17%	48.07%	45.26%	217.18%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	$327.7M	$312.9M	$284.1M	$284.1M	$295.0M	$295.8M	$273.3M	$237.2M	$192.7M	$155.9M	$111.2M	$75.10M	$51.70M	$16.30M	$0.00	$0.00	$0.00
Cost Of Revenue	$55.17M	$51.06M	$44.44M	$41.10M	$43.70M	$43.90M	$39.20M	$32.20M	$28.50M	$25.00M	$19.70M	$12.80M	$8.400M	$2.800M	$0.00	$0.00	$0.00
Gross Profit	$272.6M	$261.9M	$239.7M	$243.1M	$251.4M	$251.9M	$234.1M	$205.0M	$164.2M	$130.8M	$91.50M	$62.30M	$43.30M	$13.50M	$0.00	$0.00	$0.00
Gross Profit Margin	83.17%	83.68%	84.36%	85.56%	85.21%	85.16%	85.67%	86.43%	85.21%	83.92%	82.28%	82.96%	83.75%	82.82%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Selling, General & Admin	$57.29M	$56.39M	$53.32M	$50.00M	$50.20M	$47.30M	$43.80M	$38.20M	$32.30M	$27.20M	$21.30M	$20.00M	$14.40M	$10.10M	$11.10M	$1.600M	$700.0K
YoY Change	1.6%	5.76%	6.63%	-0.4%	6.13%	7.99%	14.66%	18.27%	18.75%	27.7%	6.5%	38.89%	42.57%	-9.01%	593.75%	128.57%
% of Gross Profit	21.02%	21.53%	22.25%	20.57%	19.97%	18.78%	18.71%	18.63%	19.67%	20.8%	23.28%	32.1%	33.26%	74.81%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$104.2M	$97.49M	$92.93M	$97.73M	$97.56M	$100.8M	$96.26M	$88.36M	$70.96M	$58.44M	$40.40M	$29.10M	$21.30M	$6.100M	$0.00	$0.00	$0.00
YoY Change	6.91%	4.91%	-4.91%	0.18%	-3.25%	4.76%	8.94%	24.52%	21.43%	44.64%	38.83%	36.62%	249.18%
% of Gross Profit	38.24%	37.23%	38.78%	40.2%	38.81%	40.03%	41.12%	43.1%	43.21%	44.68%	44.15%	46.71%	49.19%	45.19%
Operating Expenses	$217.9M	$205.9M	$191.5M	$189.7M	$192.8M	$192.4M	$179.6M	$160.0M	$133.4M	$112.1M	$62.10M	$49.40M	$36.10M	$16.20M	$11.20M	$1.600M	$700.0K
YoY Change	5.82%	7.49%	0.99%	-1.65%	0.21%	7.15%	12.23%	19.99%	18.98%	80.5%	25.71%	36.84%	122.84%	44.64%	600.0%	128.57%
Operating Profit	$109.8M	$114.7M	$114.9M	$94.45M	$115.4M	$109.3M	$93.67M	$77.17M	$59.34M	$43.77M	$29.40M	$12.90M	$7.200M	-$2.700M	-$11.20M	-$1.600M	-$700.0K
YoY Change	-4.22%	-0.18%	21.65%	-18.14%	5.6%	16.64%	21.37%	30.06%	35.55%	48.89%	127.91%	79.17%	-366.67%	-75.89%	600.0%	128.57%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Interest Expense	$73.19M	$59.23M	$57.54M	$59.73M	$61.69M	$62.11M	$50.98M	$40.74M	$34.24M	$27.59M	$6.900M	-$7.500M	-$4.700M	$800.0K	$1.700M	$5.600M	$3.400M
YoY Change	23.58%	2.94%	-3.67%	-3.18%	-0.69%	21.85%	25.12%	18.98%	24.1%	299.9%	-192.0%	59.57%	-687.5%	-52.94%	-69.64%	64.71%
% of Operating Profit	66.63%	51.64%	50.08%	63.24%	53.47%	56.85%	54.42%	52.79%	57.71%	63.04%	23.47%	-58.14%	-65.28%
Other Income/Expense, Net														$1.900M	$0.00	$0.00
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Pretax Income	$36.65M	$55.46M	$57.36M	$34.70M	$53.70M	$47.10M	$42.70M	$36.40M	$25.10M	$21.00M	$34.70M	$7.900M	$9.700M	-$400.0K	-$9.600M	$4.000M	$2.700M
YoY Change	-33.91%	-3.31%	65.3%	-35.38%	14.01%	10.3%	17.31%	45.02%	19.52%	-39.48%	339.24%	-18.56%	-2525.0%	-95.83%	-340.0%	48.15%
Income Tax										$0.00	$0.00	$0.00	$0.00	$0.00	-$300.0K	$1.400M	$1.000M
% Of Pretax Income										0.0%	0.0%	0.0%	0.0%			35.0%	37.04%
Net Earnings	$34.53M	$51.87M	$53.51M	$32.01M	$48.84M	$42.74M	$38.48M	$32.75M	$23.86M	$20.30M	$33.80M	$7.900M	$9.700M	-$400.0K	-$9.400M	$2.600M	$1.700M
YoY Change	-33.42%	-3.06%	67.14%	-34.46%	14.29%	11.07%	17.47%	37.25%	17.55%	-39.94%	327.85%	-18.56%	-2525.0%	-95.74%	-461.54%	52.94%
Net Earnings / Revenue	10.54%	16.58%	18.83%	11.27%	16.56%	14.45%	14.08%	13.81%	12.38%	13.02%	30.4%	10.52%	18.76%	-2.45%
Basic Earnings Per Share	$0.27	$0.42	$0.44	$0.27	$0.42
Diluted Earnings Per Share	$0.27	$0.42	$0.44	$0.27	$0.42	$342.7K	$316.4K	$282.8K	$239.0K	$232.0K	$476.1K	$150.8K	$228.2K	-$9.615K	-$189.1K	$50.19K	$62.50K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Cash & Short-Term Investments	$6.302M	$5.598M	$13.22M	$4.800M	$3.800M	$6.100M	$11.60M	$13.10M	$8.800M	$10.80M	$7.900M	$4.700M	$34.30M	$84.70M	$383.2M	$0.00	$200.0K
YoY Change	12.58%	-57.65%	175.38%	26.32%	-37.7%	-47.41%	-11.45%	48.86%	-18.52%	36.71%	68.09%	-86.3%	-59.5%	-77.9%		-100.0%
Cash & Equivalents	$6.302M	$5.598M	$13.22M	$4.800M	$3.800M	$6.100M	$11.60M	$13.10M	$8.800M	$10.80M	$7.900M	$4.700M	$34.30M	$84.70M	$383.2M	$0.00	$200.0K
Short-Term Investments
Other Short-Term Assets	$3.354M	$5.957M	$5.337M	$4.800M	$3.200M	$4.200M	$2.900M	$3.300M	$2.000M	$2.500M	$1.400M	$1.200M	$700.0K	$800.0K	$100.0K	$400.0K	$100.0K
YoY Change	-43.7%	11.62%	11.19%	50.0%	-23.81%	44.83%	-12.12%	65.0%	-20.0%	78.57%	16.67%	71.43%	-12.5%	700.0%	-75.0%	300.0%
Inventory
Prepaid Expenses
Receivables	$61.19M	$57.55M	$55.79M	$58.80M	$45.80M	$46.80M	$43.30M	$35.80M	$28.70M	$23.00M	$20.40M	$12.50M	$6.900M	$2.100M	$0.00
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.200M
Total Short-Term Assets	$70.85M	$69.10M	$74.34M	$68.40M	$52.80M	$57.10M	$57.80M	$52.20M	$39.50M	$36.30M	$29.70M	$18.40M	$41.90M	$87.60M	$384.5M	$400.0K	$300.0K
YoY Change	2.53%	-7.05%	8.69%	29.55%	-7.53%	-1.21%	10.73%	32.15%	8.82%	22.22%	61.41%	-56.09%	-52.17%	-77.22%	96025.0%	33.33%
Property, Plant & Equipment	$2.828B	$2.848B	$2.771B	$2.713B	$2.758B	$2.831B	$2.849B	$2.494B	$2.162B	$1.698B	$1.315B	$839.3M	$566.4M	$269.7M	$16.50M	$0.00
YoY Change	-0.69%	2.76%	2.12%	-1.61%	-2.59%	-0.63%	14.25%	15.34%	27.37%	29.11%	56.67%	48.18%	110.01%	1534.55%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments											$0.00	$15.30M	$26.20M	$16.80M	$0.00	$411.3M	$409.8M
YoY Change											-100.0%	-41.6%	55.95%		-100.0%	0.37%
Other Assets	$29.41M	$28.54M	$27.16M	$24.70M	$29.30M	$35.20M	$42.60M	$34.90M	$30.40M	$40.20M	$34.40M	$23.30M	$16.60M	$12.40M	$900.0K	$700.0K	$100.0K
YoY Change	3.03%	5.09%	9.97%	-15.7%	-16.76%	-17.37%	22.06%	14.8%	-24.38%	16.86%	47.64%	40.36%	33.87%	1277.78%	28.57%	600.0%
Total Long-Term Assets	$2.907B	$2.935B	$2.855B	$2.793B	$2.861B	$2.946B	$2.981B	$2.611B	$2.262B	$1.815B	$1.409B	$932.5M	$652.5M	$376.6M	$19.40M	$412.0M	$410.0M
YoY Change	-0.97%	2.83%	2.19%	-2.36%	-2.89%	-1.19%	14.19%	15.43%	24.6%	28.81%	51.14%	42.91%	73.26%	1841.24%	-95.29%	0.49%
Total Assets	$2.978B	$3.004B	$2.929B	$2.862B	$2.914B	$3.003B	$3.039B	$2.663B	$2.301B	$1.852B	$1.439B	$950.9M	$694.4M	$464.2M	$403.9M	$412.4M	$410.3M
YoY Change
Accounts Payable	$50.60M	$22.89M	$48.60M	$17.70M	$17.60M	$15.50M	$18.60M	$18.30M	$13.20M	$12.20M	$13.30M	$6.500M	$7.500M	$4.900M	$0.00	$0.00	$0.00
YoY Change	121.1%	-52.91%	174.56%	0.57%	13.55%	-16.67%	1.64%	38.64%	8.2%	-8.27%	104.62%	-13.33%	53.06%
Accrued Expenses	$16.42M	$16.70M	$17.20M	$18.00M	$18.00M											$1.200M	$400.0K
YoY Change	-1.66%	-2.91%	-4.44%	0.0%												200.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$75.23M	$47.29M	$73.03M	$42.60M	$42.80M	$22.60M	$25.40M	$24.30M	$18.30M	$16.20M	$16.70M	$8.800M	$9.100M	$5.800M	$4.400M	$1.200M	$1.700M
YoY Change	59.09%	-35.25%	71.43%	-0.47%	89.38%	-11.02%	4.53%	32.79%	12.96%	-2.99%	89.77%	-3.3%	56.9%	31.82%	266.67%	-29.41%
Long-Term Debt	$1.378B	$1.395B	$1.329B	$1.374B	$1.409B	$1.483B	$1.487B	$1.156B	$982.2M	$743.4M	$621.7M	$391.7M	$169.9M	$42.40M	$0.00	$0.00	$0.00
YoY Change	-1.19%	4.93%	-3.23%	-2.52%	-4.94%	-0.3%	28.61%	17.73%	32.12%	19.58%	58.72%	130.55%	300.71%
Other Long-Term Liabilities	$160.8M	$177.4M	$160.0M	$154.2M	$169.7M	$189.4M	$197.0M	$166.9M	$135.9M	$129.4M	$95.20M	$83.90M	$65.00M	$25.50M	$1.200M	$14.50M	$14.50M
YoY Change	-9.33%	10.87%	3.75%	-9.13%	-10.4%	-3.86%	18.03%	22.81%	5.02%	35.92%	13.47%	29.08%	154.9%	2025.0%	-91.72%	0.0%
Total Long-Term Liabilities	$1.539B	$1.572B	$1.489B	$1.528B	$1.579B	$1.672B	$1.684B	$1.323B	$1.118B	$872.8M	$716.9M	$475.6M	$234.9M	$67.90M	$1.200M	$14.50M	$14.50M
YoY Change	-2.11%	5.57%	-2.53%	-3.23%	-5.56%	-0.71%	27.27%	18.34%	28.1%	21.75%	50.74%	102.47%	245.95%	5558.33%	-91.72%	0.0%
Total Liabilities	$1.690B	$1.708B	$1.652B	$1.662B	$1.734B	$1.815B	$1.835B	$1.475B	$1.265B	$928.0M	$763.0M	$484.4M	$243.9M	$73.70M	$5.700M	$15.70M	$16.30M
YoY Change	-1.04%	3.4%	-0.62%	-4.16%	-4.44%	-1.11%	24.45%	16.6%	36.29%	21.63%	57.51%	98.61%	230.94%	1192.98%	-63.69%	-3.68%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Basic Shares Outstanding	125.0M shares	123.4M shares	119.5M shares	116.7M shares	114.2M shares	112.6M shares	109.4M shares	104.1M shares	95.65M shares	83.41M shares
Diluted Shares Outstanding	132.9M shares	132.3M shares	128.5M shares	126.6M shares	125.7M shares	124.6M shares	121.7M shares	116.0M shares	100.0M shares	87.45M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $2.2273 Billion

About RETAIL OPPORTUNITY INVESTMENTS CORP

Retail Opportunity Investments Corp. engages in the ownership, management, and redevelopment of retail real estate properties. The company is headquartered in San Diego, California and currently employs 71 full-time employees. The company went IPO on 2007-10-30. The firm 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 firm 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 firm's portfolio consists of approximately 94 properties totaling approximately 10.6 million square feet of gross leasable area (GLA).

Industry: Real Estate Investment Trusts Peers: Brixmor Property Group Inc. SPIRIT REALTY CAPITAL, INC. SITE Centers Corp. InvenTrust Properties Corp. KITE REALTY GROUP TRUST MACERICH CO Phillips Edison & Company, Inc. REALTY INCOME CORP TANGER INC. Urban Edge Properties