| Market Capitalization (Millions $) |
2,353 |
| Shares
Outstanding (Millions) |
135 |
| Employees |
231 |
| Revenues (TTM) (Millions $) |
337 |
| Net Income (TTM) (Millions $) |
62 |
| Cash Flow (TTM) (Millions $) |
-146 |
| Capital Exp. (TTM) (Millions $) |
142 |
Business Description
Retail Opportunity Investments Corp (ROIC) is a publicly-traded, real estate investment trust (REIT) that specializes in acquiring, owning, and operating shopping centers in densely populated communities of the United States. The company was founded in 2007 and is headquartered in San Diego, California.
ROIC's portfolio consists of over 90 properties, with a total gross leasable area of approximately 10 million square feet, located in prime retail corridors in California, New York, New Jersey, Oregon, Maryland, Virginia, and Washington. The properties are anchored by grocery stores, drugstores, and other necessity-based retailers, making them resistant to the headwinds faced by traditional retail.
ROIC's primary strategy is focused on acquiring grocery-anchored shopping centers and enhancing them through active asset management, re-tenanting, and redevelopment. The company aims to deliver high-quality, well-located shopping centers that meet the needs of its customers while providing stable, predictable income for its shareholders.
ROIC's management team has deep expertise in retail real estate and a proven track record of creating value through its property portfolio. The company has a conservative balance sheet with low leverage, providing flexibility to pursue growth opportunities as they arise.
ROIC's shares are publicly traded on the NASDAQ exchange under the ticker symbol "ROIC". As of October 2021, the company had a market capitalization of approximately $3.5 billion and paid an annual dividend yield of around 4%.
Company Address: 11250 El Camino Real San Diego, 92130 CA
Company Phone Number: 677-0900 Stock Exchange / Ticker: NASDAQ ROIC
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