XML 46 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues        
Base rents $ 37,654,000 $ 31,558,000 $ 108,884,000 $ 87,230,000
Recoveries from tenants 10,279,000 8,143,000 29,809,000 24,137,000
Other income 2,144,000 1,155,000 2,721,000 2,754,000
Total revenues 50,077,000 40,856,000 141,414,000 114,121,000
Operating expenses        
Property operating 7,285,000 5,865,000 21,064,000 18,062,000
Property taxes 4,933,000 4,160,000 14,351,000 11,566,000
Depreciation and amortization 18,059,000 15,365,000 52,567,000 42,986,000
General and administrative expenses 3,092,000 2,987,000 9,387,000 8,324,000
Acquisition transaction costs 91,000 125,000 507,000 654,000
Other expenses 254,000 58,000 507,000 405,000
Total operating expenses 33,714,000 28,560,000 98,383,000 81,997,000
Operating income 16,363,000 12,296,000 43,031,000 32,124,000
Non-operating income (expenses)        
Interest expense and other finance expenses (8,526,000) (6,865,000) (25,407,000) (20,695,000)
Gain on sale of real estate   1,550,000   4,869,000
Net Income 7,837,000 6,981,000 17,624,000 16,298,000
Unrealized gain (loss) on swap derivative        
Unrealized swap derivative gain (loss) arising during the period   135,000   (2,792,000)
Reclassification adjustment for amortization of interest expense included in net income 535,000 869,000 1,604,000 2,641,000
Other comprehensive income (loss) 535,000 1,004,000 1,604,000 (151,000)
Comprehensive income 8,372,000 7,985,000 19,228,000 16,147,000
Comprehensive income attributable to non-controlling interests (295,000) (233,000) (681,000) (584,000)
Net income attributable to non-controlling interests (295,000) (233,000) (681,000) (584,000)
Net Income Attributable to Retail Opportunity Investments Corp. 7,542,000 6,748,000 16,943,000 15,714,000
Comprehensive income attributable to Retail Opportunity Investments Corp. $ 8,077,000 $ 7,752,000 $ 18,547,000 $ 15,563,000
Net earnings per share – basic: (in Dollars per share) $ 0.08 $ 0.07 $ 0.18 $ 0.19
Net earnings per share – diluted: (in Dollars per share) 0.08 0.07 0.18 0.19
Dividends per common share (in Dollars per share) $ 0.17 $ 0.16 $ 0.51 $ 0.48
Retail Opportunity Investments Partnership L.P. [Member]        
Revenues        
Base rents $ 37,654,000 $ 31,558,000 $ 108,884,000 $ 87,230,000
Recoveries from tenants 10,279,000 8,143,000 29,809,000 24,137,000
Other income 2,144,000 1,155,000 2,721,000 2,754,000
Total revenues 50,077,000 40,856,000 141,414,000 114,121,000
Operating expenses        
Property operating 7,285,000 5,865,000 21,064,000 18,062,000
Property taxes 4,933,000 4,160,000 14,351,000 11,566,000
Depreciation and amortization 18,059,000 15,365,000 52,567,000 42,986,000
General and administrative expenses 3,092,000 2,987,000 9,387,000 8,324,000
Acquisition transaction costs 91,000 125,000 507,000 654,000
Other expenses 254,000 58,000 507,000 405,000
Total operating expenses 33,714,000 28,560,000 98,383,000 81,997,000
Operating income $ 16,363,000 $ 12,296,000 $ 43,031,000 $ 32,124,000
Net earnings per unit – basic and diluted: (in Dollars per share) $ 0.08 $ 0.07 $ 0.18 $ 0.19
Non-operating income (expenses)        
Interest expense and other finance expenses $ (8,526,000) $ (6,865,000) $ (25,407,000) $ (20,695,000)
Gain on sale of real estate   1,550,000   4,869,000
Net Income 7,837,000 6,981,000 17,624,000 16,298,000
Unrealized gain (loss) on swap derivative        
Unrealized swap derivative gain (loss) arising during the period   135,000   (2,792,000)
Reclassification adjustment for amortization of interest expense included in net income 535,000 869,000 1,604,000 2,641,000
Other comprehensive income (loss) 535,000 1,004,000 1,604,000 (151,000)
Comprehensive income $ 8,372,000 $ 7,985,000 $ 19,228,000 $ 16,147,000
Dividends per common share (in Dollars per share) $ 0.17 $ 0.16 $ 0.51 $ 0.48