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 91th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. As for the metrics that stood out in our discounted cash flow analysis of Retail Opportunity Investments Corp, consider:
The company's compound free cash flow growth rate over the past 2.01 years comes in at 1.31%; that's greater than 92.72% of US stocks we're applying DCF forecasting to.
Retail Opportunity Investments Corp's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than merely 0% of US stocks with positive free cash flow.
The weighted average cost of capital for the company is 9. This value is greater than 59.92% stocks in the Real Estate sector that generate free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Real Estate that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as ROIC, try SQFT, TPHS, WELL, NRZ, and EXR.
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...
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