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 Coast. As of September 30, 2024, ROIC owned 93 shopping centers encompassing approximately 10.5 million square feet. ROIC is the largest publicly-traded, grocery-anchored shopping center REIT focused exclusively on the West Coast. ROIC is a member of the S&P SmallCap 600 Index and has investment-grade corporate debt ratings from Moody’s Investor Services, S&P Global Ratings, and Fitch Ratings, Inc.
Valuation Insights | Learn why ROIC's 6.6% implied cap rate suggests potential undervaluation, with analyst price targets around $16 per share |
Wildfire Exposure | Uncover the environmental risks facing ROIC, as BMO Capital Markets highlights its high wildfire exposure and potential financial impacts |
Market Outperforme | Delve into ROIC's impressive 23.8% year-to-date increase, outpacing the Strips benchmark by 630 basis points |
Acquisition Buzz | Explore ROIC's potential acquisition by Blackstone, driving a 21% stock surge and reshaping the shopping center REIT landscape |