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Retail Opportunity Investments (ROIC) - 2024 Q2 - Quarterly Results
2024-07-23 20:24
Retail Opportunity Investments Corp. TRADED: NASDAQ: ROIC 11250 El Camino Real, Suite 200 San Diego, CA 92130 Retail Opportunity Investments Corp. Reports 2024 Second Quarter Results San Diego, CA, July 23, 2024 - Retail Opportunity Investments Corp. (NASDAQ:ROIC) announced today financial and operating results for the three and six months ended June 30, 2024. HIGHLIGHTS A reconciliation of GAAP net income to FFO is provided at the end of this press release. (1) Stuart A. Tanz, President and Chief Executive ...
Retail Opportunity Investments Corp. Reports 2024 Second Quarter Results
GlobeNewswire News Room· 2024-07-23 20:15
HIGHLIGHTS FINANCIAL SUMMARY At June 30, 2024, ROIC had total real estate assets (before accumulated depreciation) of approximately $3.5 billion and approximately $1.4 billion of principal debt outstanding, including $164.0 million outstanding on its $600.0 million unsecured credit facility. For the second quarter of 2024, ROIC's net principal debt-toannualized EBITDA ratio was 6.6 times. During the second quarter of 2024, ROIC retired a $26.0 million In April 2024, ROIC acquired Bressi Ranch Village Center ...
Retail Opportunities Investment: Several Choices, All Of Them Good
Seeking Alpha· 2024-07-20 14:00
Dear subscribers, ROIC - Very good for a REIT that's not a class leader This, to my mind, acts as a further insulator towards any risk to the company, even to what's going on in California and the West Coast at this time. The company is historically apt at selecting leading metro markets that have high barriers to entry, and they pick tenants that focus on basic consumer goods and conservative services, with minimal concentration on one single tenant. There is "proof to the pudding" here, in the form of: 96 ...
Deckers Outdoor Is Overvalued, but Offers Exceptional Growth, High ROIC
GuruFocus· 2024-06-27 13:01
Company Overview - Deckers Outdoor Corp is a global leader in innovative footwear, apparel, and accessories, operating six proprietary brands: UGG, HOKA, Teva, Sanuk, Koolaburra, and AHNU, focusing on fashion, lifestyle, performance, and outdoor markets [1] - The company outsources manufacturing to third-party manufacturers, maintaining an asset-light balance sheet and concentrating on design, advertising, and distribution [1] Financial Performance - For fiscal year 2024, Deckers reported a revenue of nearly $4.30 billion, an 18% increase year over year, with a gross margin of 55.60% and an operating margin of 21.60% [14] - UGG generated global revenue of $2.20 billion, a 16% increase year over year, primarily driven by direct-to-consumer (DTC) and international business [2] - HOKA achieved global revenue of $1.80 billion, a 28% increase year over year, with U.S. brand awareness reaching approximately 40% and international awareness just over 20% [6] Strategic Focus - The company emphasizes a direct-to-consumer sales strategy, which enhances margins and fosters stronger consumer connections, contributing to 43% of total revenue, up from 40% in the prior fiscal year [3][22] - DTC revenue surged by 27%, contributing nearly $400 million in incremental business, with HOKA and UGG's DTC revenues increasing by 40% and 22%, respectively [22] Operating Performance - Deckers has shown significant growth in operating performance, with revenue increasing from $2 billion in 2019 to $4.29 billion in 2024, and operating income growing from $327 million to $927.50 million [16] - The company's return on invested capital (ROIC) improved from 42.65% in 2019 to 68.71% in 2024, indicating strong operational efficiency [17] Balance Sheet Strength - Deckers maintains a debt-free balance sheet, with total shareholders' equity of $2.10 billion and a cash balance of $1.50 billion, incurring only operating lease liabilities of $266.90 million [23] Future Outlook - Management estimates a potential revenue growth of 10% for fiscal 2025, projecting revenue to reach $4.70 billion, with an operating margin of 19.50% [19]
Retail Opportunity Investments Corp. Issues Annual Environmental, Social & Governance Report
Newsfilter· 2024-06-26 13:00
SAN DIEGO, June 26, 2024 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ:ROIC) announced today the release of its annual Environmental, Social and Governance (ESG) report, detailing its ESG achievements during 2023, as well as its ongoing initiatives and goals. The report was prepared in accordance with the Sustainability Accounting Standards Board standards, the Task Force on Climate-related Financial Disclosures framework, and the United Nations Sustainable Development Goals. The report i ...
Retail Opportunity Investments: A High-Single-Digit Return From A Defensive REIT
Seeking Alpha· 2024-06-19 13:08
Introduction ROIC vs VNQ in 2024 (Seeking Alpha) Company Overview Leading Metro Markets Seattle 20 shopping centers 2.4 million square feet Portland 18 shopping centers 1.9 million square feet San Francisco Bay Area 18 shopping centers 1.5 million square fee Los Angeles 21 shopping centers 3.0 million square feet Orange County 9 shopping centers 1.1 million square fee San Diego 7 shopping center 0.7 million square fee Total Portfolio 93 shopping cente Portfolio breakdown by markets (Retail Opportunity Inves ...
Retail Opportunity Investments Corp. Schedules Second Quarter Earnings Release and Conference Call
Newsfilter· 2024-06-11 13:00
Company Overview - Retail Opportunity Investments Corp. (NASDAQ:ROIC) is a fully integrated, self-managed real estate investment trust (REIT) specializing in the acquisition, ownership, and management of grocery-anchored shopping centers located in densely populated metropolitan markets across the West Coast [4] - As of March 31, 2024, ROIC owned 94 shopping centers encompassing approximately 10.6 million square feet [4] - ROIC is the largest publicly traded grocery-anchored shopping center REIT focused exclusively on the West Coast and is a member of the S&P SmallCap 600 Index [4] Upcoming Financial Results - The company will issue financial and operational results for the second quarter ended June 30, 2024, after the market closes on Tuesday, July 23, 2024 [3] - A conference call and audio webcast will be conducted on Wednesday, July 24, 2024, at 9:00 a.m. Eastern Time / 6:00 a.m. Pacific Time [3] Investor Relations - Participants in the conference call can register through a provided link and have options for dialing in or receiving an automated call [4] - The conference call will be recorded and available for replay for up to one year on the company's Investor Relations Events & Presentations page [4]
Retail Opportunity Investments (ROIC) - 2024 Q1 - Earnings Call Transcript
2024-04-24 18:38
Retail Opportunity Investments Corp. (NASDAQ:ROIC) Q1 2024 Earnings Conference Call April 24, 2024 9:00 AM ET Company Participants Lauren Silveira – Chief Accounting Officer Stuart Tanz – President and Chief Executive Officer Michael Haines – Chief Financial Officer Rich Schoebel – Chief Operating Officer Conference Call Participants Jeffrey Spector – Bank of America Securities Todd Thomas – KeyBanc Capital Markets Juan Sanabria – BMO Capital Markets Craig Mailman – Citi Wes Golladay – Baird Cesar Bracho – ...
Retail Opportunity Investments (ROIC) - 2024 Q1 - Earnings Call Presentation
2024-04-24 15:57
1st QUARTER 2024 SUPPLEMENTAL INFORMATION Retail Opportunity Investments Corp. 11250 El Camino Real, Suite 200 San Diego, CA 92130 www.roireit.net Overview Supplemental Disclosure Quarter Ended March 31, 2024 Our Company Retail Opportunity Investments Corp. (Nasdaq: ROIC), is a fully integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely populated, metropolitan markets across the West ...
Retail Opportunity Investments (ROIC) - 2024 Q1 - Quarterly Report
2024-04-24 14:44
FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 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 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 RETAIL OPPORTUNITY INVESTMENTS CORP. RETAIL OPPORTUNITY INVESTMENTS PARTNERSHIP, LP (Exact name of registrant as specified in ...