Core Insights - Carlisle Companies Incorporated (NYSE: CSL) is an industrial company with a market capitalization of $17 billion, specializing in building envelope materials [1] - The company has significantly outperformed the S&P 500 over the last ten years, indicating strong financial performance and market positioning [1] Company Performance - Carlisle has demonstrated exceptional performance in the industrial sector, particularly in the building materials industry [1] - The company's focus on building envelope materials positions it well within a growing market, contributing to its competitive advantage [1] Investment Perspective - The company is viewed as a long-term investment opportunity due to its safe and growing dividends, which aim to outperform the broader market on a risk-adjusted return basis [1] - The analyst has a beneficial long position in CSL shares, indicating confidence in the company's future performance [1]

When investors look to find the next big opportunity to invest their capital, they often focus on what’s popular at the time or having the best price action in the so-called “popularity contest” that both Warren Buffett and Keynes referred to in their work. They also mentioned that the market eventually becomes a weighing machine, turning into facts and away from these popularity measures. Speaking of Warren Buffett, there is one significant weight he takes into account when choosing his next investment. Ap ...

NEW YORK, Nov. 13, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Retail Opportunity Investments Corp. (NASDAQ: ROIC) and its board of directors concerning the proposed acquisition of the company by Blackstone (NYSE: BX). Stockholders will receive $17.50 for each share of Retail Opportunity Investments stock that they hold. The transaction is valued at approximately $4 billion and is expected to close in the first quarter of 2025.If you are a stockholder of Reta ...

NEW YORK, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Retail Opportunity Investments Corp. (Nasdaq: ROIC), relating to its proposed merger with Blackstone. Under the terms of the agreement, Blackstone Real Estate Partners X will acquire all ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission file number 001-33749 RETAIL OPPORTUNITY INVESTMENTS CORP. RETAIL OPPORTUNITY INVESTMENTS PARTNERSHIP, LP (Exact name of registrant as specifie ...

Group 1 - Retail Opportunity Investments (ROIC) reported quarterly funds from operations (FFO) of $0.25 per share, missing the Zacks Consensus Estimate of $0.26 per share, and down from $0.27 per share a year ago, representing an FFO surprise of -3.85% [1] - The company posted revenues of $83.48 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.25%, and up from $81.75 million year-over-year [1] - Over the last four quarters, Retail Opportunity Investments has surpassed consensus revenue estimates four times, but has only exceeded consensus FFO estimates once [1] Group 2 - The stock has added about 12% since the beginning of the year, compared to the S&P 500's gain of 22.7% [2] - The future price movement of the stock will depend on management's commentary on the earnings call and the company's FFO outlook [2][3] - The current consensus FFO estimate for the coming quarter is $0.26 on $83.25 million in revenues, and $1.05 on $334.35 million in revenues for the current fiscal year [4] Group 3 - The Zacks Industry Rank for REIT and Equity Trust - Retail is currently in the top 18% of over 250 Zacks industries, indicating a favorable outlook for the industry [5] - Kite Realty Group, another stock in the same industry, is expected to report quarterly earnings of $0.51 per share, with revenues projected to be $210.39 million, up 1.5% from the year-ago quarter [5]

Core Insights - Retail Opportunity Investments Corp. (ROIC) reported strong financial results for Q3 and the first nine months of 2024, with significant increases in net income and leasing activity [2][3][4] Financial Performance - Net income attributable to common stockholders for Q3 2024 was $32.1 million, or $0.25 per diluted share, compared to $8.4 million, or $0.07 per diluted share in Q3 2023 [3][4] - Funds From Operations (FFO) for Q3 2024 was $33.2 million, or $0.25 per diluted share, down from $36.0 million, or $0.27 per diluted share in Q3 2023 [4] - For the first nine months of 2024, GAAP net income was $50.5 million, or $0.39 per diluted share, compared to $26.5 million, or $0.21 per diluted share in the same period of 2023 [3][4] Leasing Activity - ROIC achieved 450,623 square feet of leasing activity in Q3 2024, marking the most active quarter year-to-date, with a total of 1.2 million square feet leased year-to-date [2][3] - The portfolio lease rate was 97.1% as of September 30, 2024, with a 98.0% anchor lease rate and a 96.0% non-anchor lease rate [2][3] Rent Growth - There was a 13.8% increase in same-space cash base rents on new leases in Q3 2024, and a 7.0% increase on renewals [2][3] - For the first nine months of 2024, same-center cash net operating income (NOI) increased by 1.5% compared to the same period in 2023 [4][19] Dispositions and Acquisitions - ROIC sold properties totaling $68.8 million in Q3 2024, realizing a $26.7 million gain on sale of real estate [2][6] - The company has been actively recycling investment capital, with $70.1 million in acquisitions year-to-date [3] Debt and Dividends - As of September 30, 2024, ROIC had a net principal debt-to-annualized EBITDA ratio of 6.3x, down from 6.4x in Q3 2023 [2][5] - A cash dividend of $0.15 per share was declared on October 22, 2024, payable on January 10, 2025 [8] Guidance - ROIC updated its guidance for 2024, estimating GAAP net income to be in the range of $0.45 to $0.47 per diluted share, and FFO to be between $1.03 and $1.05 per diluted share [9]

Steel producer and metal recycler, Steel Dynamics, Inc. (NASDAQ: STLD ) has a demonstrated history of growing its net operating profit after tax (NOPAT) in the long run, compounding NOPAT by some 19% a year since 2019. With a management committed to An economics graduate with a passion for financial history; I apply my knowledge to markets in an effort to hopelessly predict trends and spot value. All opinions are my own and should not be taken seriously. Analyst's Disclosure: I/we have no stock, option or s ...

Core Viewpoint - The outlook for Retail Opportunity Investments Corp. (ROIC) is generally positive due to steady demand and constrained supply in the shopping center market, but past performance indicates a deceleration in growth, leading to a recommendation to wait for a better price level before investing [1][5]. Portfolio and Outlook - ROIC's portfolio includes 94 properties totaling 10.7 million square feet, primarily concentrated in California, particularly Los Angeles [2]. - Essential and e-commerce-resistant retailers make up 82% of the company's annual base rent (ABR), indicating a strong industry exposure despite geographical concentration [2]. - The top tenant accounts for 5.5% of ABR, with reliance on subsequent tenants diminishing to approximately 1.5%, showcasing a diversified tenant base [3]. - More than half of ROIC's leases are set to expire in the next four years, allowing for potential internal growth through rate increases [3]. - The company has consistently re-leased space at double-digit spreads over the past five years, with an occupancy rate maintained above 97% [3]. Performance - In 2023, ROIC reported a 22% spread on new leases and 7% on renewals, with an occupancy rate of 97.7% [5]. - Same-center net operating income (NOI) increased by 3.68% to $211 million, but funds from operations (FFO) decreased by 3.04% [5]. - By Q2 2024, the spread for new leases dropped to 12% and renewals to 6%, with occupancy at 97%, reflecting a decline from previous levels [5]. - Same-center NOI growth slowed to 1.73%, and FFO decreased by 4.25% [5]. - Management guidance for 2024 indicates same-center NOI growth of only 1% to 2%, with potential FFO decline [5]. Leverage & Liquidity - ROIC has a solid balance sheet, with debt financing 41% of its assets and only 2.3% of the debt secured [6]. - 85% of the debt is fixed-rate, with a debt/EBITDA ratio of 6.6x and interest coverage at 2.7x, indicating good liquidity [7]. - The company has $438 million in available liquidity, making upcoming maturities manageable [7]. Dividend & Valuation - ROIC pays a quarterly dividend of $0.15 per share, yielding 3.75%, with a payout ratio of 57.69% [7]. - The forward FFO yield is 6.51%, but the stock price has risen over 20% due to acquisition talks with Blackstone, leading to concerns about valuation [7]. - The stock is trading at a 15.38x FFO multiple, above the retail REIT average of 14.8x, and at a 14.39% premium to net asset value (NAV) [7].

During a market sell-off, such as the one investors have been experiencing this week, particularly with Japan's stock market index (Nikkei 225) selling off by double-digits in a single week only to recover by 12% the day after the crash, investors need to know where their money could be allocated as a discount buying strategy. The last time the market sold off by this much was October 2023, and these types of stocks rallied by double-digits in the following quarter. History may not repeat this time; recover ...