Retail Opportunity Investments Corp. (ROIC) Company Bio
Retail Opportunity Investments Corporation engages in the acquisition, ownership, and management of necessity-based community and neighborhood shopping centers in the eastern and western regions of the United States. The company was founded in 2009 and is based in San Diego, California.
ROIC Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for ROIC, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Retail Opportunity Investments Corp ranked in the 97th percentile in terms of potential gain offered. As the table below shows, the model suggests the stock is dramatically undervalued -- investors should note, though, that such returns are always unlikely and not to be expected. The most interesting components of our discounted cash flow analysis for Retail Opportunity Investments Corp ended up being:
The compound growth rate in the free cash flow of Retail Opportunity Investments Corp over the past 1.77 years is 2.09%; that's better than 95.86% of cash flow producing equities in the Real Estate sector, where it is classified.
44% of the company's capital comes from equity, which is greater than merely 22.52% of stocks in our cash flow based forecasting set.
Retail Opportunity Investments Corp's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 0% of US stocks with positive free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of Retail Opportunity Investments Corp? See LMRK, IRCP, XIN, IRS, and NRZ.
Now I'd like to introduce Stuart Tanz, the company's Chief Executive Officer. Here with me today is Michael Haines, our Chief Financial Officer; and Rich Schoebel, our Chief Operating Officer. In terms of the West Coast, and specifically, as it relates to our shopping center business, we too have been faced with extraordinary challenges.
SAN DIEGO, July 29, 2020 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ:ROIC) announced today financial and operating results for the three and six months ended June 30, 2020, and provided information regarding financial and operational activities in light of the ongoing COVID-19 pandemic. SECOND QUARTER 2020 * $4.6 million of net income attributable to common stockholders ($0.04 per diluted share) * $29.2 million of Funds From Operations (FFO)(1) ($0.23 per diluted share) * 81.9% of total 2Q 2020 billed base rent has been paid to date * 97.0% portfolio lease rate at June 30, 2020 * 8.4% increase in same-space comparative cash rents on new leases (7.2% on renewals) * 9.3% decrease in same-center cash net operating income (2Q‘20 vs. 2Q‘19) * 3.1% decrease in sam...
Perhaps what is most striking about the pandemic was the speed at which it shut down large parts of the economy. I recall going to the gym and movie theater back in February in a carefree manner without giving much thought to the risk of infection. Then in March, things...