Company Quick10K Filing
Retail Opportunity Investments
10-K 2019-12-31 Filed 2020-02-19
10-Q 2019-09-30 Filed 2019-10-29
10-Q 2019-06-30 Filed 2019-07-25
10-Q 2019-03-31 Filed 2019-04-25
10-K 2018-12-31 Filed 2019-02-20
10-Q 2018-09-30 Filed 2018-10-24
10-Q 2018-06-30 Filed 2018-07-26
10-Q 2018-03-31 Filed 2018-04-26
10-K 2017-12-31 Filed 2018-02-22
10-Q 2017-09-30 Filed 2017-10-25
10-Q 2017-06-30 Filed 2017-07-27
10-Q 2017-03-31 Filed 2017-04-27
10-K 2016-12-31 Filed 2017-02-23
10-Q 2016-09-30 Filed 2016-10-26
10-Q 2016-06-30 Filed 2016-07-28
10-Q 2016-03-31 Filed 2016-04-28
10-K 2015-12-31 Filed 2016-02-24
10-Q 2015-09-30 Filed 2015-10-29
10-Q 2015-06-30 Filed 2015-07-30
10-Q 2015-03-31 Filed 2015-04-30
10-K 2014-12-31 Filed 2015-02-25
10-Q 2014-09-30 Filed 2014-10-30
10-Q 2014-06-30 Filed 2014-07-31
10-Q 2014-03-31 Filed 2014-05-01
10-K 2013-12-31 Filed 2014-02-25
10-Q 2013-09-30 Filed 2013-10-31
10-Q 2013-06-30 Filed 2013-08-02
10-Q 2013-03-31 Filed 2013-05-03
10-Q 2012-09-30 Filed 2012-11-05
10-Q 2012-06-30 Filed 2012-08-03
10-Q 2012-03-31 Filed 2012-05-04
10-Q 2011-09-30 Filed 2011-11-04
10-Q 2011-06-30 Filed 2011-08-04
10-Q 2011-03-31 Filed 2011-05-06
10-K 2010-12-31 Filed 2011-02-25
10-Q 2010-09-30 Filed 2010-11-04
10-Q 2010-06-30 Filed 2010-08-05
10-Q 2010-03-31 Filed 2010-05-06
10-K 2009-12-31 Filed 2010-03-12
8-K 2020-02-20 Enter Agreement, Exhibits
8-K 2020-02-18 Earnings, Exhibits
8-K 2019-12-20 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-10-28 Earnings, Exhibits
8-K 2019-07-24 Earnings, Exhibits
8-K 2019-06-04 Other Events
8-K 2019-04-29 Exhibits
8-K 2019-04-24 Shareholder Vote
8-K 2019-04-24 Earnings, Exhibits
8-K 2019-02-19 Earnings, Exhibits
8-K 2018-10-23 Earnings, Exhibits
8-K 2018-07-25 Earnings, Exhibits
8-K 2018-05-01 Enter Agreement, Exhibits
8-K 2018-04-25 Earnings, Exhibits
8-K 2018-04-25 Officers, Shareholder Vote, Exhibits
8-K 2018-02-21 Earnings, Exhibits
8-K 2017-11-30

Retail Opportunity Investments Financials

ROIC Metrics, Comps, Filings

Quarterly | Annual

Business

Retail Opportunity Investments Corp., a Maryland corporation ("ROIC") commenced operations in October 2009 as a fully integrated, self-managed REIT, and as of December 31, 2018, ROIC owned an approximate 90.8% partnership interest and other limited partners owned the remaining 9.2% partnership interest in the Operating Partnership. The Company specializes 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. The Company is organized in a traditional umbrella partnership real estate investment trust ("UpREIT") format pursuant to which Retail Opportunity Investments GP, LLC, its wholly-owned subsidiary, serves as the sole general partner of, and ROIC conducts substantially all of its business through, its operating partnership, Retail Opportunity Investments Partnership, LP, a Delaware limited partnership (the "Operating Partnership"), together with its subsidiaries. As of December 31, 2018, the Company's portfolio consisted of 92 properties (91 retail and one office) totaling approximately 10.5 million square feet of gross leasable area ("GLA").

ROIC's only material assets are its direct or indirect partnership interests in the Operating Partnership and membership interest in Retail Opportunity Investments GP, LLC, which is the sole general partner of the Operating Partnership. As a result, ROIC does not conduct business itself, other than acting as the parent company and through this subsidiary, acts as the sole general partner of the Operating Partnership. The Operating Partnership holds substantially all the assets of the Company and directly or indirectly holds the ownership interests in the Company's real estate ventures. The Operating Partnership conducts the operations of the Company's business and is structured as a partnership with no publicly traded equity. Except for net proceeds from equity issuances by ROIC, which are contributed to the Operating Partnership, the Operating Partnership generates the capital required by the Company's business through the Operating Partnership's operations, by the Operating Partnership's incurrence of indebtedness (directly and through subsidiaries) or through the issuance of operating partnership units ("OP Units") of the Operating Partnership.

The Company seeks to acquire shopping centers located in densely populated, supply-constrained metropolitan markets on the west coast of the United States, which exhibit income and population growth and high barriers to entry. The Company's senior management team has operated in the Company's markets for over 25 years and has established an extensive network of relationships in these markets with key institutional and private property owners, brokers and financial institutions and other real estate operators. The Company's in-depth local and regional market knowledge and expertise provides a distinct competitive advantage in identifying and accessing attractive acquisition opportunities, including properties that are not widely marketed.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Quarterly)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Quarterly)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
QTS Realty Trust (QTS) 2,791 0% 22.3 1% 3,123 1,650 469 0 42 185 4,139
Retail Properties of America (RPAI) 2,597 0% 17.4 1% 3,601 1,954 119 0 28 242 4,214
Columbia Property Trust (CXP) 2,485 0% 15.9 1% 3,926 1,228 296 0 36 147 2,338
Colony Capital (CLNY) 2,831 0% -75.2 -5% 22,124 12,143 1,859 0 -1,000 -146 10,950
CareTrust REIT (CTRE) 2,222 73% 27.5 3% 1,525 597 160 117 41 101 2,781
Mack Cali Realty (CLI) 2,194 70% 11.3 4% 5,721 3,430 530 371 252 471 5,310
Acadia Realty Trust (AKR) 2,344 0% 41.8 -0% 4,330 2,100 289 0 -0 94 3,947
Retail Opportunity Investments (ROIC) 2,307 0% 13.2 2% 2,933 1,648 297 0 54 174 2,299
Redwood Trust (RWT) 2,277 8.7 1% 15,476 13,691 0 0 119 545 4,725
Invesco Mortgage Capital (IVR) 2,246 39.4 0% 24,061 21,150 0 0 85 552 21,762
DiamondRock Hospitality (DRH) 2,116 0% 15.2 2% 3,315 1,505 924 0 74 206 3,133
Alexanders (ALX) 1,749 0% 17.8 4% 1,283 1,021 228 0 56 80 1,435
Four Corners Property Trust (FCPT) 1,923 0% 19.1 4% 1,348 669 157 0 54 99 1,893
Colony Credit Real Estate (CLNC) 1,877 0% -16.0 -6% 7,444 5,235 438 0 -448 -302 4,835
Senior Housing Properties Trust (SNH) 2,212 0% 6.1 -0% 6,917 3,949 1,069 0 -4 353 2,149
Uniti Group (UNIT) 1,499 0% 10.2 1% 5,031 6,468 1,060 0 37 642 6,531
LTC Properties (LTC) 2,025 0% 22.4 5% 1,512 718 173 0 68 121 2,702
Pennymac Mortgage Investment Trust (PMT) 2,064 0% 4.7 2% 10,745 8,525 191 0 221 463 2,200
Hannon Armstrong Sustainable Infrastructure Capital (HASI) 1,951 0% 25.4 2% 2,279 1,397 142 0 45 94 2,387
Chesapeake Lodging Trust (CHSP) 1,757 0% 13.7 5% 1,947 918 592 0 93 177 2,426

Balance Sheet ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash15834111023576108131013111287915181013191110121512571199
Accounts Receivable
Inventory
PP&E4405856036446967258659011,0321,2111,3151,3781,6151,6061,6981,7961,8111,9172,1622,2242,4032,4242,4942,5762,6542,6862,8492,8602,8692,8422,8312,8102,7992,768
Assets5006516947147718209519921,1271,3131,4391,5031,7671,7711,8521,9491,9562,0632,3112,3812,5672,5872,6632,7492,8262,8613,0393,0503,0503,0153,0032,9942,9692,933
Accounts Payable
Long-Term Debt596078781211131131121049191756262787171299299
Liabilities1112722442653163484843874695937347998318268899891,0061,0321,1461,2131,3701,2621,3471,4411,5301,5741,7101,7271,7411,6891,6951,7001,6941,648
Stockholders' Equity3893794504504544724676056587197056759049139639609511,0301,1311,1681,1971,3241,3161,3081,2961,2871,3301,3221,3091,3261,3081,2941,2751,285
Income Statement ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue11141717181921242627343637414245465051565959636667687374727475767372
Cost of Revenue
Gross Profit
R&D
SG&A223234433323333343334333433444454
Tax00
Net Income130143-02225436754587998111191012128161215820
Cash Flow ($MM)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating73469641316416132313291432123621421640244025442244402249
Cash Investing-112-20-39-52-35-135-34-142-63-105-71-241-14-73-101-33-118-86-10-194-40-81-98-95-51-79-28-33146-820
Cash Financing974211463911132128519960225-76073148675-20176-96864631155-197-66-42-16-69