XML 14 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues        
Base rents $ 55,050 $ 50,528 $ 110,427 $ 102,007
Recoveries from tenants 16,471 15,222 32,632 28,890
Other income 820 890 3,677 1,643
Total revenues 72,341 66,640 146,736 132,540
Operating expenses        
Property operating 11,017 9,628 21,495 18,928
Property taxes 7,914 7,647 15,733 14,715
Depreciation and amortization 25,331 23,645 50,548 46,703
General and administrative expenses 3,990 3,817 7,521 7,316
Acquisition transaction costs 0 4 0 4
Other expense 274 225 343 274
Total operating expenses 48,526 44,966 95,640 87,940
Operating income 23,815 21,674 51,096 44,600
Non-operating expenses        
Interest expense and other finance expenses (15,713) (12,477) (31,170) (24,152)
Net income 8,102 9,197 19,926 20,448
Net income attributable to non-controlling interests (763) (888) (1,885) (1,969)
Net Income Attributable to Retail Opportunity Investments Corp. $ 7,339 $ 8,309 $ 18,041 $ 18,479
Earnings per share/unit - Basic and diluted (in dollars per share) $ 0.06 $ 0.08 $ 0.16 $ 0.17
Dividends per share/unit (in dollars per share) $ 0.1950 $ 0.1875 $ 0.3900 $ 0.3750
Comprehensive income:        
Net income $ 8,102 $ 9,197 $ 19,926 $ 20,448
Other comprehensive income:        
Unrealized swap derivative gain (loss) arising during the period 1,397 (64) 4,787 97
Reclassification adjustment for amortization of interest expense included in net income 174 497 592 1,052
Other comprehensive income 1,571 433 5,379 1,149
Comprehensive income 9,673 9,630 25,305 21,597
Comprehensive income attributable to non-controlling interests (763) (888) (1,885) (1,969)
Comprehensive income attributable to Retail Opportunity Investments Corp. 8,910 8,742 23,420 19,628
Retail Opportunity Investments Partnership L.P.        
Revenues        
Base rents 55,050 50,528 110,427 102,007
Recoveries from tenants 16,471 15,222 32,632 28,890
Other income 820 890 3,677 1,643
Total revenues 72,341 66,640 146,736 132,540
Operating expenses        
Property operating 11,017 9,628 21,495 18,928
Property taxes 7,914 7,647 15,733 14,715
Depreciation and amortization 25,331 23,645 50,548 46,703
General and administrative expenses 3,990 3,817 7,521 7,316
Acquisition transaction costs 0 4 0 4
Other expense 274 225 343 274
Total operating expenses 48,526 44,966 95,640 87,940
Operating income 23,815 21,674 51,096 44,600
Non-operating expenses        
Interest expense and other finance expenses (15,713) (12,477) (31,170) (24,152)
Net income $ 8,102 $ 9,197 $ 19,926 $ 20,448
Earnings per share/unit - Basic and diluted (in dollars per share) $ 0.06 $ 0.08 $ 0.16 $ 0.17
Dividends per share/unit (in dollars per share) $ 0.195 $ 0.1875 $ 0.39 $ 0.375
Comprehensive income:        
Net income $ 8,102 $ 9,197 $ 19,926 $ 20,448
Other comprehensive income:        
Unrealized swap derivative gain (loss) arising during the period 1,397 (64) 4,787 97
Reclassification adjustment for amortization of interest expense included in net income 174 497 592 1,052
Other comprehensive income 1,571 433 5,379 1,149
Comprehensive income $ 9,673 $ 9,630 $ 25,305 $ 21,597