ROIC - Retail Opportunity Investments: M&A Is Likely
2024-04-03 07:30:00 ET
Summary
- Retail Opportunity Investments is a West Coast-focused REIT with strong fundamentals and a portfolio of grocery-anchored shopping centers.
- The company's valuation has dropped, making it an attractive investment with potential for multi-year rates of return.
- ROIC is a potential takeover target for companies like Kimco Realty, which could further strengthen its portfolio.
This article was coproduced with Wolf Report.
Do you recall our last article , over 4 months back at this point, on the west-coast-focused REIT Retail Opportunity Investments Corp. ( ROIC ) where we reviewed and added a stake in the West Coast shopping center REIT?
While it can't compare in scale or in safety to some of the REITs we write about more often, such as Agree Realty ( ADC ) and Realty Income ( O ), this company still warrants at the very least your attention.
Despite strong fundamentals and a portfolio that we argue practically makes certain a degree of outperformance or stability in the future, the company has not outperformed since the last article....
Retail Opportunity Investments: M&A Is Likely