Retail Opportunity Investments Corp.: A Greedy Recovery Play On A West-Coast, Grocery-Anchored Strip Mall REIT [Seeking Alpha]
Retail Opportunity Investments Corp. (ROIC)
Last retail opportunity investments corp. earnings: 4/22 04:15 pm
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US:NASDAQ Investor Relations:
investor.roicreit.com/overview-0
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Source: Seeking Alpha
I am interested in beaten-down stocks that would benefit the most when states re-open their economies. Retail Opportunity Investments Corp. (ROICStrip Malls vs. Indoor Fashion MallsI view ROIC as a stock that, during the sharp and swift stock market correction, has incorrectly fallen in tandem with other mall stocks. From peak to trough, ROIC fell from $19.18 to $5.84 - roughly a 70% fall. This is similar tothe percentage that larger mall operators like Simon Property (NYSE:SPGBut I argue that their business models are only cosmetically similar - that strip malls, and especially ROIC's grocery-anchored strip malls, are in far better shape.Indoor fashion malls like Simon Property or Taubman Centers (TCOcompletely closedROIC's long-time strategy (i.e. beforeCOVID-19) has been to anchor with grocery stores instead of department stores, and the numbers prove it. 96% of ROIC's malls are anchored by grocery stores. Grocery stores are not only in business, but thriving right now.Thetop 5 ten
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