Retail Opportunity Investments (Retail Opportunity Investments) Interest Expense : $-75.2 Mil (TTM As of Mar. 2024)

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What is Retail Opportunity Investments Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Retail Opportunity Investments's interest expense for the three months ended in Mar. 2024 was $ -18.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-75.2 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Retail Opportunity Investments's Operating Income for the three months ended in Mar. 2024 was $ 30.6 Mil. Retail Opportunity Investments's Interest Expense for the three months ended in Mar. 2024 was $ -18.9 Mil. Retail Opportunity Investments's Interest Coverage for the quarter that ended in Mar. 2024 was 1.62. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Retail Opportunity Investments Interest Expense Historical Data

The historical data trend for Retail Opportunity Investments's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Retail Opportunity Investments Interest Expense Chart

Retail Opportunity Investments Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-61.69

-59.73

-57.54

-59.23

-73.19

Retail Opportunity Investments Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-16.96	-17.63	-18.00	-20.60	-18.92

Retail Opportunity Investments Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-75.2 Mil.

Retail Opportunity Investments (NAS:ROIC) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Retail Opportunity Investments's Interest Expense for the three months ended in Mar. 2024 was $-18.9 Mil. Its Operating Income for the three months ended in Mar. 2024 was $30.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,437.4 Mil.

Retail Opportunity Investments's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	30.584	/	-18.919
	=	1.62

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Retail Opportunity Investments Corp interest coverage is 1.54, which is low.

Retail Opportunity Investments (Retail Opportunity Investments) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Retail Opportunity Investments Corp (NAS:ROIC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

11250 El Camino Real, Suite 200, San Diego, CA, USA, 92130

Website

https://www.roireit.net

Retail Opportunity Investments Corp is a self-managed real estate investment trust. The company specializes in the acquisition, ownership and management of necessity-based community and neighborhood shopping centers on the west coast of the United States, anchored by supermarkets and drugstores. The Company's primary business is the ownership, management, and redevelopment of retail real estate properties.

Executives

Michael J. Indiveri	director	3 MANHATTANVILLE ROAD, PURCHASE NY 10577
Laura H Pomerantz	director
Lauren N. Silveira	officer: VP, Chief Accounting Officer	RETAIL OPPORTUNITY INVESTMENTS CORP., 11250 EL CAMINO ROAD, SUITE 200, SAN DIEGO CA 92130
Adrienne Banks Pitts	director	C/O RETAIL OPPORTUNITY INVESTMENTS CORP, 11250 EL CAMINO REAL, SUITE 200, SAN DIEGO CA 92130
Zabrina Jenkins	director	C/O RETAIL OPPORTUNITY INVESTMENT CORP., 11250 EL CAMINO REAL. SUITE 200, SAN DIEGO CA 92130
Richard Schoebel	officer: Chief Operating Officer	C/O RETAIL OPPORTUNITY INVESTMENTS CORP., 3 MANHATTANVILLE ROAD, PURCHASE NY 10577
Angela K Ho	director	975 HOOPER AVENUE, TOMS RIVER NJ 08753
Eric S Zorn	director	2001 S.E. 10TH STREET, BENTONVILLE AR 72712
Charles J. Persico	director	112 MASON STREET, GREENWICH CT 06830
Michael B. Haines	officer: EVP,CFO, TREASURER & SECRETARY	8905 TOWNE CENTRE DRIVE, SUITE 108, SAN DIEGO CA 92122
Richard A. Baker	director, 10 percent owner, officer: Executive Chairman	3 MANHATTANVILLE ROAD, PURCHASE NY 10577
Edward H Meyer	director	C/O OCEAN ROAD ADVISORS INC, 650 MADISON AVENUE, 26TH FL, NEW YORK NY 10022
Laurie A. Sneve	officer: Sr.VP,Chief Accounting Officer	8905 TOWNE CENTRE DRIVE, SUITE 108, SAN DIEGO CA 92122
Glenhill Advisors Llc	10 percent owner	600 FIFTH AVE, 11TH FL, NEW YORK NY 10020
Glenhill Capital Overseas Master Fund, L.p.	10 percent owner	600 FIFTH AVE, 11TH FL, NEW YORK NY 10020