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Retail Opportunity Investments Corp. Message Board

  • woody50179 woody50179 Mar 29, 2012 8:51 AM Flag

    Motley Fool

    "Retail Opportunity Investment Corp., or ROIC for short, operates as a value investor's dream, buying distressed commercial real estate at bargain-basement prices. CEO Stuart Tanz steers this ship, snatching up deals on the East and West coasts. He focuses on properties in more affluent areas with a high-traffic tenant as an anchor, for example, a grocery store or drugstore. He then boosts the property's value by reinvesting in it and improving occupancy and ultimately selling to, ahem, less price-sensitive buyers.

    Tanz has done this dance before. As CEO of Pan Pacific Properties until 2006, he earned early investors nearly 800% in just 10 years after selling the company to Kimco Realty. That's probably the endgame at ROIC, too.

    But in the meantime, dividend investors should rejoice. This small REIT -- just a $600 million market cap -- already provides a sizable dividend, at 4%, and it's committed to paying 70%-80% of funds from operations out to investors. Its size also means it can grow relatively quickly."

    ....and no mention of the warrant issue. Just to "keep it simple" or out of ignorance?


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