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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues        
Rental revenue $ 71,793 $ 73,028 $ 218,981 $ 216,087
Other income 645 876 2,440 4,553
Total revenues 72,438 73,904 221,421 220,640
Operating expenses        
Property operating 10,995 11,150 32,766 32,645
Property taxes 8,113 8,255 24,183 23,988
Depreciation and amortization 24,163 25,335 73,367 75,883
General and administrative expenses 4,448 3,770 13,674 11,291
Other expense 47 46 1,364 389
Total operating expenses 47,766 48,556 145,354 144,196
Gain on sale of real estate 10,357 5,890 13,175 5,890
Operating income 35,029 31,238 89,242 82,334
Non-operating expenses        
Interest expense and other finance expenses (15,401) (15,591) (46,685) (46,761)
Net income 19,628 15,647 42,557 35,573
Net income attributable to non-controlling interests (1,770) (1,453) (3,864) (3,338)
Net Income Attributable to Retail Opportunity Investments Corp. $ 17,858 $ 14,194 $ 38,693 $ 32,235
Earnings per share/unit - Basic and diluted (in dollars per share) $ 0.16 $ 0.12 $ 0.34 $ 0.28
Dividends per share/unit (in dollars per share) $ 0.1970 $ 0.1950 $ 0.5910 $ 0.5850
Comprehensive income:        
Net income $ 19,628 $ 15,647 $ 42,557 $ 35,573
Other comprehensive (loss) income:        
Unrealized swap derivative (loss) gain arising during the period (1,226) 932 (8,649) 5,719
Reclassification adjustment for amortization of interest expense included in net income (96) (187) (561) 405
Other comprehensive (loss) income (1,322) 745 (9,210) 6,124
Comprehensive income 18,306 16,392 33,347 41,697
Comprehensive income attributable to non-controlling interests (1,770) (1,453) (3,864) (3,338)
Comprehensive income attributable to Retail Opportunity Investments Corp. 16,536 14,939 29,483 38,359
Retail Opportunity Investments Partnership L.P.        
Revenues        
Rental revenue 71,793 73,028 218,981 216,087
Other income 645 876 2,440 4,553
Total revenues 72,438 73,904 221,421 220,640
Operating expenses        
Property operating 10,995 11,150 32,766 32,645
Property taxes 8,113 8,255 24,183 23,988
Depreciation and amortization 24,163 25,335 73,367 75,883
General and administrative expenses 4,448 3,770 13,674 11,291
Other expense 47 46 1,364 389
Total operating expenses 47,766 48,556 145,354 144,196
Gain on sale of real estate 10,357 5,890 13,175 5,890
Operating income 35,029 31,238 89,242 82,334
Non-operating expenses        
Interest expense and other finance expenses (15,401) (15,591) (46,685) (46,761)
Net income $ 19,628 $ 15,647 $ 42,557 $ 35,573
Earnings per share/unit - Basic and diluted (in dollars per share) $ 0.16 $ 0.12 $ 0.34 $ 0.28
Dividends per share/unit (in dollars per share) $ 0.1970 $ 0.1950 $ 0.5910 $ 0.5850
Comprehensive income:        
Net income $ 19,628 $ 15,647 $ 42,557 $ 35,573
Other comprehensive (loss) income:        
Unrealized swap derivative (loss) gain arising during the period (1,226) 932 (8,649) 5,719
Reclassification adjustment for amortization of interest expense included in net income (96) (187) (561) 405
Other comprehensive (loss) income (1,322) 745 (9,210) 6,124
Comprehensive income $ 18,306 $ 16,392 $ 33,347 $ 41,697