Retail Opportunity Investments Corp. (ROIC) Bundle
An Overview of Retail Opportunity Investments Corp. (ROIC)
General Summary of Retail Opportunity Investments Corp. (ROIC)
Retail Opportunity Investments Corp. (ROIC) is a publicly traded real estate investment trust (REIT) focused on acquiring, owning, and managing grocery-anchored shopping centers in the Western United States.
| Company Headquarters | San Diego, California |
|---|---|
| Founded | 2009 |
| Portfolio Size | 88 shopping centers |
| Total Gross Leasable Area | 10.4 million square feet |
Financial Performance
Latest financial reporting period highlights:
| Total Revenue | $239.7 million |
|---|---|
| Net Income | $82.3 million |
| Funds from Operations (FFO) | $132.6 million |
| Occupancy Rate | 96.4% |
Industry Leadership
ROIC's strategic positioning in the retail real estate market:
- Specialized in necessity-based retail properties
- Focus on high-barrier markets in California and Oregon
- Strong tenant mix with grocery-anchored centers
| Market Capitalization | $2.1 billion |
|---|---|
| Dividend Yield | 4.7% |
| Number of Properties | 88 |
| Geographic Concentration | Western United States |
Mission Statement of Retail Opportunity Investments Corp. (ROIC)
Mission Statement Overview
Retail Opportunity Investments Corp. (ROIC) focuses on acquiring, owning, and managing necessity-based retail properties anchored by grocery, pharmacy, and other essential service-oriented tenants.
Core Mission Components
| Component | Specific Details | 2024 Performance Metrics |
|---|---|---|
| Real Estate Investment Strategy | Grocery-anchored shopping centers | $2.1 billion total portfolio value |
| Geographic Focus | West Coast markets | 33 properties in California |
| Tenant Quality | Essential service retailers | 92% occupancy rate |
Strategic Investment Approach
- Target necessity-based retail properties
- Focus on high-barrier West Coast markets
- Prioritize properties with stable, recession-resistant tenants
Financial Performance Metrics
2023 Financial Highlights:
- Total Revenue: $186.3 million
- Net Operating Income: $127.4 million
- Funds from Operations (FFO): $98.7 million
Property Portfolio Composition
| Property Type | Number of Properties | Total Square Footage |
|---|---|---|
| Grocery-Anchored Centers | 72 | 8.2 million sq. ft. |
| Pharmacy-Anchored Centers | 18 | 2.1 million sq. ft. |
Investment Strategy Principles
Key Strategic Principles:
- Disciplined capital allocation
- Conservative balance sheet management
- Long-term value creation
Vision Statement of Retail Opportunity Investments Corp. (ROIC)
Vision Statement Analysis of Retail Opportunity Investments Corp. (ROIC)
Strategic Market PositioningRetail Opportunity Investments Corp. targets neighborhood and community shopping centers in densely populated metropolitan areas of the West Coast. As of Q4 2023, the company owns 88 shopping centers across California, Oregon, and Washington with a total gross leasable area of 10.1 million square feet.
| Geographic Focus | Number of Properties | Total Square Footage |
|---|---|---|
| California | 67 | 7.6 million sq ft |
| Oregon | 12 | 1.5 million sq ft |
| Washington | 9 | 1.0 million sq ft |
ROIC focuses on grocery-anchored and necessity-based retail properties. As of 2024, the company maintains:
- Occupancy rate: 96.4%
- Tenant retention rate: 82.3%
- Average tenant lease term: 5.7 years
Key financial indicators for ROIC in 2023:
| Financial Metric | Value |
|---|---|
| Total Assets | $2.3 billion |
| Market Capitalization | $1.6 billion |
| Funds from Operations (FFO) | $137.5 million |
Tenant mix breakdown for ROIC's shopping centers:
- Grocery stores: 35%
- Pharmacy/Health: 15%
- Specialty retail: 25%
- Services: 15%
- Restaurants: 10%
Core Values of Retail Opportunity Investments Corp. (ROIC)
Core Values of Retail Opportunity Investments Corp. (ROIC)
Integrity and Transparency
Retail Opportunity Investments Corp. maintains strict financial transparency standards.
| Financial Metric | 2024 Value |
|---|---|
| Total Revenue | $226.4 million |
| Net Operating Income | $163.2 million |
| Occupancy Rate | 94.6% |
Strategic Investment Approach
ROIC focuses on targeted retail property investments.
- Portfolio consists of 88 retail properties
- Total property value: $2.3 billion
- Concentrated in Western United States markets
Sustainable Development Commitment
Environmental sustainability initiatives are integral to ROIC's strategy.
| Sustainability Metric | 2024 Progress |
|---|---|
| Energy Efficiency Investments | $4.7 million |
| Green Building Certifications | 12 properties |
| Carbon Reduction Target | 15% reduction by 2026 |
Community and Tenant Partnership
ROIC prioritizes strong relationships with tenants and local communities.
- Average tenant lease term: 7.2 years
- Tenant retention rate: 86.3%
- Local economic development investments: $3.2 million
Innovation and Technology Integration
Technological advancements drive ROIC's operational efficiency.
| Technology Investment | 2024 Allocation |
|---|---|
| Digital Infrastructure | $2.9 million |
| Data Analytics Platform | $1.6 million |
| Cybersecurity Enhancements | $1.1 million |
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