Organization, Basis of Presentation and Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the reconciliation between basic and diluted EPS for ROIC (in thousands, except share data):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Numerator:
Net income	$	19,628	$	15,647	$	42,557	$	35,573
Less income attributable to non-controlling interests	(1,770)		(1,453)		(3,864)		(3,338)
Less earnings allocated to unvested shares	(113)		(100)		(340)		(301)
Net income available for common stockholders, basic	$	17,745	$	14,094	$	38,353	$	31,934
Numerator:
Net income	$	19,628	$	15,647	$	42,557	$	35,573
Less earnings allocated to unvested shares	(113)		(100)		(340)		(301)
Net income available for common stockholders, diluted	$	19,515	$	15,547	$	42,217	$	35,272
Denominator:
Denominator for basic EPS – weighted average common equivalent shares	113,814,447		112,799,637		113,725,752		112,378,343
OP units	11,321,606		11,609,401		11,391,070		11,653,290
Performance-based restricted stock awards and LTIP Units	324,328		301,729		304,427		270,325
Stock options	80,447		114,779		77,087		108,080
Denominator for diluted EPS – weighted average common equivalent shares	125,540,828		124,825,546		125,498,336		124,410,038

Earnings Per Unit

The following table sets forth the reconciliation between basic and diluted earnings per unit for the Operating Partnership (in thousands, except unit data):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Numerator:
Net income	$	19,628	$	15,647	$	42,557	$	35,573
Less earnings allocated to unvested shares	(113)		(100)		(340)		(301)
Net income available to unitholders, basic and diluted	$	19,515	$	15,547	$	42,217	$	35,272
Denominator:
Denominator for basic earnings per unit – weighted average common equivalent units	125,136,053		124,409,038		125,116,822		124,031,633
Performance-based restricted stock awards and LTIP Units	324,328		301,729		304,427		270,325
Stock options	80,447		114,779		77,087		108,080
Denominator for diluted earnings per unit – weighted average common equivalent units	125,540,828		124,825,546		125,498,336		124,410,038