Retail Opportunity Investments

Retail Opportunity Investments Corp. is a self-managed REIT that specializes in grocery-anchored shopping centers on the West Coast. As of December 31, 2023, ROIC owned 94 shopping centers with approximately 10.6 million square feet. ROIC is the largest publicly-traded, grocery-anchored shopping center REIT focused on the West Coast. The company has investment-grade corporate debt ratings from Moodys, S&P Global Ratings, and Fitch Ratings.

Overview

Sector

REIT

Target Price

10.8 USD

Current Price

17.5 USD

Potential

-38%

Strengths

Price to book ratio (1.72) is lower than the sector mean (5.49).
Strong EBITDA Margin of 67.09%.

Weaknesses

With a depreciation Potential of -38.10%, based on our fundamental analysis, it suggests the stock may be overvalued.
The company have lower returns than the sector in which it operates. ROIC (5.53%) is significantly lower than the sector mean (7.21%).
EV/EBIT (32.70) is significantly higher than the sector mean.

Key Financial Data

Indicator	Value
PER	64.3
EV/EBITDA	16.8
Price/Free Cash Flow'	15.1
ROIC	5.5%
Net Debt/EBITDA	6.4