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Private company

Retail Value Inc.

American real estate company based in Beachwood, no longer active2

In its 2023 annual report the company says: “Retail Value Inc. is an Ohio corporation formed in December 2017 as a wholly-owned subsidiary of SITE Centers Corp.”38

Last updated Oct 21, 2026.

Overview

  • IndustryReal Estate2
  • HeadquartersBeachwood, United States2
  • Incorporated inOH3
  • Business address3300 Enterprise Parkway, Beachwood, Oh 441223
  • Filer category, Emerging growth company3
  • Legal formCorporation (For-Profit)2
  • LEI549300VO5RB7323N1Z312
  • StatusInactive2
  • LEI statusRetired2
  • Registered addressC/O C T CORPORATION SYSTEM, 43219 Columbus, United States2
  • Registered withCorporation Database (Ohio Secretary of State), 41149562

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

-31.8%Net margin4
-31.1%Revenue growth, 20214
-26.4%Return on equity4

Where the money goes

Where each dollar of revenue went, fiscal 2021

  • Other costs86¢$47.6M
  • Interest14¢$7.9M
  • Income tax0¢$148.0K

Out of $55.7M in revenue.4 The company lost money this year.

Where each dollar of operating cash went, fiscal 2021

  • Dividends paid100¢$469.8M

Out of $61.7M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.4

Financial statements

Revenue564$55.7M in 2021−83% since 2017
0$100.0M$200.0M$300.0M$400.0M2017: $322.9M$322.9M20172019: $131.9M$131.9M2019−59%2020: $80.7M$80.7M2020−39%2021: $55.7M$55.7M2021−31%
Operating income57$108.3M in 2020−54% since 2017
0$100.0M$200.0M$300.0M2017: $233.5M$233.5M20172019: $169.8M$169.8M2019−27%2020: $108.3M$108.3M2020−36%
Net income564-$17.7M in 2021−94% since 2017
-$300.0M-$200.0M-$100.0M0$100.0M2017: -$292.5M-$292.5M20172019: $46.7M$46.7M20192020: -$93.6M-$93.6M20202021: -$17.7M-$17.7M2021−81%
Fiscal year201620172018201920202021
Revenue$322.9M5$131.9M6$80.7M4$55.7M4
Operating expenses$44.5M4
Operating income$233.5M5$169.8M7$108.3M7
Interest$90.3M5$39.4M6$18.3M4$7.9M4
Income before tax$26.5M4
Income tax$11.3M5$390.0K6$858.0K4$148.0K4
Net income-$292.5M5$46.7M6-$93.6M4-$17.7M4
Earnings per share-$4.724-$0.844
Earnings per share (diluted)-$4.724-$0.844

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Corporate structure

Retail Value Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Retail Value Inc.

  • Retail Value Inc. Beachwood, Ohio, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Retail Value Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$06 Dec 31, 2021$106.7M6 Dec 31, 2020−100.0%
Operating-lease assets (leased space)$1.1M4 Dec 31, 2021$1.5M6 Dec 31, 2020−27.2%

Real estate and locations

ItemLatestA year beforeChange
Real estate investments, net$23.3M4 Dec 31, 2021$343.7M6 Dec 31, 2020−93.2%
Real estate investments, at cost$59.5M4 Dec 31, 2021
Real estate accumulated depreciation$36.2M4 Dec 31, 2021$253.6M6 Dec 31, 2020−85.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$9.1M4 Dec 31, 2022$110.5M4 Dec 31, 2021−91.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Finite-lived intangibles, net$06 Dec 31, 2021$7.9M6 Dec 31, 2020−100.0%

Leadership

Who has led Retail Value Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. David R. Lukes2018–2021

President

  1. David R. Lukes2018–2021

Chief financial officer

  1. Matthew Louis Ostrower2018–2019
  2. Christa A. Vesy2020–2021

Chief operating officer

  1. Michael Makinen2018–2020
20202025
Board members and other officers (8)

Timeline

  1. Feb 29, 20248-K Other events21
  2. Jul 1, 20228-K Change to shareholders' rights; Executive or director change22
  3. May 13, 20228-K Shareholder vote23
  4. Apr 14, 20228-K Completed an acquisition or sale24
  5. Mar 17, 20228-K Entered a material agreement; Listing notice or transfer25
  6. Feb 25, 20228-K Results of operations26
  7. Dec 20, 20218-K Entered a material agreement; Ended a material agreement; Other events27
  8. Nov 3, 20218-K Results of operations28
  9. Oct 6, 20218-K Completed an acquisition or sale29
  10. Jun 22, 2018New chief executive David R. Lukes becomes CEO11
  11. Dec 28, 2017Founded Retail Value Inc. is founded2

Calendar

When it reported results

  1. Feb 25, 2022Reported quarterly or annual results26
  2. Nov 3, 2021Reported quarterly or annual results28

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

32 filings to the SEC since October 2021: 2 annual reports, 4 quarterly reports, 9 major events, 2 insider forms, 11 large holders, 4 other. The latest 20:

  1. Feb 29, 20248-K EDGAR
  2. Apr 11, 2023SC 13G/A EDGAR
  3. Feb 24, 202310-K EDGAR
  4. Feb 14, 2023SC 13G/A EDGAR
  5. Jan 4, 2023SC 13G 13G RETAIL VALUE INC. EDGAR
  6. Nov 18, 20223 PRIMARY DOCUMENT EDGAR
  7. Oct 28, 202210-Q EDGAR
  8. Sep 22, 20224 FORM 4 SUBMISSION EDGAR
  9. Jul 29, 202210-Q EDGAR
  10. Jul 8, 2022SC 13G EDGAR
  11. Jul 1, 20228-K EDGAR
  12. May 13, 20228-K EDGAR
  13. May 9, 2022SC 13G EDGAR
  14. May 2, 202210-Q EDGAR
  15. Apr 14, 20228-K EDGAR
  16. Apr 6, 2022DEF 14A EDGAR
  17. Mar 28, 202225 EDGAR
  18. Mar 17, 20228-K EDGAR
  19. Mar 17, 2022PRE 14A EDGAR
  20. Feb 25, 202210-K EDGAR

The 32 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 0 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 20, 2022Otto-Bernstein Katharina10% ownerSale394,432$0.39$153.8KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Retail Value Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARRetail Value Inc.1
  • CIK0001735184
  • Employer ID (EIN)82-41829961
  • Filer status<br>emerging growth company1
  • Incorporated inOhio1
  • Fiscal year endsDecember 311
  • Industry code (SIC)6500 Real Estate1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business address3300 Enterprise Parkway, Beachwood, OH 441221
  • Phone216-755-55001
  • Shares outstanding21,117,150 as of Feb 15, 20234
  • Public float$21.5M as of Jun 30, 20224
  • On EDGAR sinceMar 29, 20181
  • Filings218 in all: 4 (94), 8-K (34), SC 13G/A (18), 10-Q (14), 3 (14), SC 13G (12), 10-K (5), SC 13D/A (5)1
    All 23 form types

    DEF 14A (4), UPLOAD (3), CORRESP (2), PRE 14A (2), 10-12B (1), 10-12B/A (1), 25 (1), CERT (1), DEFA14A (1), DRS (1), DRS/A (1), DRSLTR (1), S-8 (1), S-8 POS (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Feb 24, 2023
    Quarterly report (10-Q) Oct 28, 2022
    Proxy statement (DEF 14A) Apr 6, 2022
    Latest 8-K (8-K) Feb 29, 2024

Sources

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