Overview
For this company, opportunity knocking sounds a lot like a neighborhood shopping center. Retail Opportunity Investments (ROIC), true to its name, invests in, owns, leases, and manages shopping centers. It targets densely populated, middle- and upper-class markets and looks for centers anchored by large grocery or drug stores. The self-managed real estate investment trust (REIT), owns nearly 90 shopping centers comprising about 10.1 million sq. ft.
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Read More in Oregon, Washington, and California. It makes money from rent, management expenses, and mortgage interest. ROIC was formed in 2007 as an acquisition company. It purchased NRDC Capital Management in 2009 and took its current name in 2010.
Read Less
Read More in Oregon, Washington, and California. It makes money from rent, management expenses, and mortgage interest. ROIC was formed in 2007 as an acquisition company. It purchased NRDC Capital Management in 2009 and took its current name in 2010.
Read Less
Stuart A Tanz
See more contacts
Lessors of Real Estate
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Real Estate
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Real Estate and Rental and Leasing
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Real estate investment trusts
Activities Related to Real Estate
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Automotive Equipment Rental and Leasing
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Commercial and Industrial Machinery and Equipment Rental and Leasing
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Consumer Goods Rental
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General Rental Centers
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Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)
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Offices of Real Estate Agents and Brokers
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Modelled
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Actual
$327.73 million
Actual
4.73%
-33.42%
$2,977
DEC
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NASDAQ:ROIC
Contacts
Get in Touch with 4 Principals* and 20 Contacts
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Stuart A TanzPresident and Chief Executive Officer
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of December 31, 2023 (12 month period) in USD
Annual Revenue 2023
$327.73 million
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Net Operating Cash | $147 | $149 | $136 |
| Net Investing Cash | -$71 | -$145 | -$104 |
| Net Financing Cash | -$76 | -$12 | -$24 |
| Net Change in Cash | $1 | -$8 | $9 |
| Cash at Beginning of Period | $7 | $15 | $7 |
| Cash at End of Period | $8 | $7 | $15 |
| Capital Expenditure | $ | $ | $ |
| Assets (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $6 | $6 | $13 |
| Accounts Receivable | $61 | $58 | $56 |
| Inventories | $ | $ | $ |
| Other Current Assets | $10 | $13 | $12 |
| Asset Summary | |||
| Total Current Assets | $78 | $76 | $81 |
| Tangible Fixed Assets | $ | $ | $ |
| Intangible Assets | $43 | $52 | $50 |
| Total Assets | $2,978 | $3,004 | $2,929 |
| Liabilities (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $ | $ | $ |
| Short-Term Debt | $75 | $88 | $ |
| Other Current Liabilities | $59 | $31 | $56 |
| Liability Summary | |||
| Total Current Liabilities | $134 | $119 | $56 |
| Long-Term Debt | $1,303 | $1,307 | $1,329 |
| Other Long-Term Liabilities | $39 | $42 | $41 |
| Total Liabilities | $1,614 | $1,620 | $1,562 |
| Stakeholder's Equity (mil) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Equity | |||
| Common Stock | $0 | $0 | $0 |
| Retained Earnings | -$357 | -$316 | -$298 |
| Equity Summary | |||
| Total Equity | $1,287 | $1,296 | $1,277 |
| Shares Outstanding | 126,904,085 | 124,538,811 | 122,685,266 |