ROIC Earnings Prediction
The chart below shows how ROIC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ROIC sees a -2.19% change in stock price 10 days leading up to the earnings, and a +0.97% change 10 days following the report. On the earnings day itself, the stock moves by +0.39%. This data can give you a slight idea of what to expect for the next quarter's release.
ROIC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
83.48M
2.13%
0.20%
Gross Margin
51.08%
0.65%
0.10%
Operating Margin
32.58%
-1.09%
-2.51%
Net Margin
40.64%
272.16%
334.19%
EPS
0.25
316.67%
400.00%
No Data Available
ROIC Earnings Analysis
Retail Opportunity Investments Corp. Corporation (ROIC.O) Earnings Conference Call
Positive
GAAP Net Income Report: The company reported a GAAP net income of $32.1 million for the third quarter of 2024, equating to $0.25 per diluted share.
Strong Lease Rate Stability: The grocery-anchored shopping centers maintained a strong portfolio lease rate of 97.1%, above 96% for the past 10 years.
Leasing Activity Update: During the third quarter, the company leased over 450,000 square feet of space, contributing to a total of over 1.2 million square feet leased year-to-date.
Leasing Activity Cash Increase: The company achieved a 14% cash increase on new leasing activity on a same-space comparative basis during the third quarter.
FFO Per Share Guidance: The company expects to finish 2024 with FFO per diluted share in the range of $1.03 to $1.05.
Negative
Increased G&A Expenses: G&A expenses for the year are expected to be higher than previously anticipated, indicating increased operational costs.
Net Operating Income Decline: Net operating income for the third quarter was down slightly by about 2% compared to the same center NOI from the third quarter of last year, driven by lease recapture income, which was not notably higher.
Net Income Decline: GAAP net income attributable to common shareholders totaled $32.1 million for the third quarter of 2024, equating to $0.25 per diluted share, reflecting a decrease in profitability.
Customer Growth Decline: The company experienced a decline in customer growth, with fewer new leases signed compared to previous quarters, impacting overall revenue generation.
Refinancing Plan Monitoring: The refinancing plan for the $250 million of senior notes maturing in December is under close monitoring, indicating potential financial strain.
ROIC FAQs
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ROIC Earning Call Sentiment
Retail Opportunity Investments Corp. (ROIC) Q3 2024 Earnings Call Transcript
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ROIC.O
0.06%Positive
The earnings call reveals mixed results: strong leasing activity and a high portfolio lease rate are positives, but same-center NOI is down, and there's muted acquisition activity. The raised lower end of FFO guidance is offset by a lowered high end, and there's no clear shareholder return plan. The Q&A highlights uncertainties in refinancing and asset values, with vague responses on equity capital. Given the company's small market cap, the stock may react, but the lack of clear catalysts and mixed signals suggest a neutral outlook with potential for slight fluctuations.