Retail Opportunity Investments Full Year 2022 Earnings: EPS Misses Expectations

Retail Opportunity Investments (NASDAQ:ROIC) Full Year 2022 Results

Key Financial Results

  • Revenue: US$312.9m (up 10% from FY 2021).

  • Funds from operations (FFO): US$141.7m (up 14% from FY 2021).

  • FFO margin: 45% (up from 44% in FY 2021). The increase in margin was driven by higher revenue.

  • FFO per share: US$1.1 (up from US$1.04 in FY 2021).



All figures shown in the chart above are for the trailing 12 month (TTM) period

Retail Opportunity Investments EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.3%.

Looking ahead, revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the REITs industry in the US.

Performance of the American REITs industry.

The company’s shares are down 3.4% from a week ago.

Risk Analysis

It’s necessary to consider the ever-present spectre of investment risk. We’ve identified 3 warning signs with Retail Opportunity Investments (at least 1 which is concerning), and understanding them should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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