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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues        
Base rents $ 56,573 $ 52,871 $ 167,000 $ 154,878
Recoveries from tenants 16,455 14,210 49,087 43,100
Other income 876 885 4,553 2,528
Total revenues 73,904 67,966 220,640 200,506
Operating expenses        
Property operating 11,150 9,702 32,645 28,630
Property taxes 8,255 7,086 23,988 21,801
Depreciation and amortization 25,335 24,627 75,883 71,330
General and administrative expenses 3,770 3,475 11,291 10,790
Acquisition transaction costs 0 0 0 4
Other expense 46 41 389 316
Total operating expenses 48,556 44,931 144,196 132,871
Operating income 25,348 23,035 76,444 67,635
Non-operating expenses        
Interest expense and other finance expenses (15,591) (12,908) (46,761) (37,060)
Gain on sale of real estate 5,890 0 5,890 0
Net income 15,647 10,127 35,573 30,575
Net income attributable to non-controlling interests (1,453) (978) (3,338) (2,947)
Net Income Attributable to Retail Opportunity Investments Corp. $ 14,194 $ 9,149 $ 32,235 $ 27,628
Earnings per share/unit - Basic and diluted (in dollars per share) $ 0.12 $ 0.08 $ 0.28 $ 0.25
Dividends per share/unit (in dollars per share) $ 0.1950 $ 0.1875 $ 0.5850 $ 0.5625
Comprehensive income:        
Net income $ 15,647 $ 10,127 $ 35,573 $ 30,575
Other comprehensive income:        
Unrealized swap derivative gain arising during the period 932 1,520 5,719 1,617
Reclassification adjustment for amortization of interest expense included in net income (187) 439 405 1,491
Other comprehensive income 745 1,959 6,124 3,108
Comprehensive income 16,392 12,086 41,697 33,683
Comprehensive income attributable to non-controlling interests (1,453) (978) (3,338) (2,947)
Comprehensive income attributable to Retail Opportunity Investments Corp. 14,939 11,108 38,359 30,736
Retail Opportunity Investments Partnership L.P.        
Revenues        
Base rents 56,573 52,871 167,000 154,878
Recoveries from tenants 16,455 14,210 49,087 43,100
Other income 876 885 4,553 2,528
Total revenues 73,904 67,966 220,640 200,506
Operating expenses        
Property operating 11,150 9,702 32,645 28,630
Property taxes 8,255 7,086 23,988 21,801
Depreciation and amortization 25,335 24,627 75,883 71,330
General and administrative expenses 3,770 3,475 11,291 10,790
Acquisition transaction costs 0 0 0 4
Other expense 46 41 389 316
Total operating expenses 48,556 44,931 144,196 132,871
Operating income 25,348 23,035 76,444 67,635
Non-operating expenses        
Interest expense and other finance expenses (15,591) (12,908) (46,761) (37,060)
Gain on sale of real estate 5,890 0 5,890 0
Net income $ 15,647 $ 10,127 $ 35,573 $ 30,575
Earnings per share/unit - Basic and diluted (in dollars per share) $ 0.12 $ 0.08 $ 0.28 $ 0.25
Dividends per share/unit (in dollars per share) $ 0.195 $ 0.1875 $ 0.585 $ 0.5625
Comprehensive income:        
Net income $ 15,647 $ 10,127 $ 35,573 $ 30,575
Other comprehensive income:        
Unrealized swap derivative gain arising during the period 932 1,520 5,719 1,617
Reclassification adjustment for amortization of interest expense included in net income (187) 439 405 1,491
Other comprehensive income 745 1,959 6,124 3,108
Comprehensive income $ 16,392 $ 12,086 $ 41,697 $ 33,683