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Consolidated Statements of Operations and Comprehensive Income - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues      
Rental revenue $ 291,263,000 $ 289,601,000 $ 269,382,000
Other income 3,777,000 6,197,000 3,878,000
Total revenues 295,040,000 295,798,000 273,260,000
Operating expenses      
Property operating 43,662,000 43,851,000 39,151,000
Property taxes 32,388,000 32,349,000 29,663,000
Depreciation and amortization 97,559,000 100,838,000 96,256,000
General and administrative expenses 17,831,000 14,918,000 14,103,000
Acquisition transaction costs 0 0 4,000
Other expense 1,405,000 478,000 418,000
Total operating expenses 192,845,000 192,434,000 179,595,000
Gain on sale of real estate 13,175,000 5,890,000 0
Operating income 115,370,000 109,254,000 93,665,000
Non-operating expenses      
Interest expense and other finance expenses (61,687,000) (62,113,000) (50,977,000)
Net income 53,683,000 47,141,000 42,688,000
Net income attributable to non-controlling interests (4,839,000) (4,405,000) (4,211,000)
Net Income Attributable to Retail Opportunity Investments Corp. $ 48,844,000 $ 42,736,000 $ 38,477,000
Earnings per share/unit - basic and diluted (in usd per share) $ 0.42 $ 0.38 $ 0.35
Dividends per share (in dollars per share) $ 0.7880 $ 0.7800 $ 0.7500
Comprehensive income:      
Net income $ 53,683,000 $ 47,141,000 $ 42,688,000
Unrealized swap derivative (loss) gain arising during the period (7,348,000) 1,648,000 3,665,000
Reclassification adjustment for amortization of interest expense included in net income (345,000) 57,000 1,920,000
Other comprehensive (loss) income (7,693,000) 1,705,000 5,585,000
Comprehensive income 45,990,000 48,846,000 48,273,000
Comprehensive income attributable to non-controlling interests (4,839,000) (4,405,000) (4,211,000)
Comprehensive income attributable to Retail Opportunity Investments Corp. 41,151,000 44,441,000 44,062,000
Retail Opportunity Investments Partnership L.P.      
Revenues      
Rental revenue 291,263,000 289,601,000 269,382,000
Other income 3,777,000 6,197,000 3,878,000
Total revenues 295,040,000 295,798,000 273,260,000
Operating expenses      
Property operating 43,662,000 43,851,000 39,151,000
Property taxes 32,388,000 32,349,000 29,663,000
Depreciation and amortization 97,559,000 100,838,000 96,256,000
General and administrative expenses 17,831,000 14,918,000 14,103,000
Acquisition transaction costs 0 0 4,000
Other expense 1,405,000 478,000 418,000
Total operating expenses 192,845,000 192,434,000 179,595,000
Gain on sale of real estate 13,175,000 5,890,000 0
Operating income 115,370,000 109,254,000 93,665,000
Non-operating expenses      
Interest expense and other finance expenses (61,687,000) (62,113,000) (50,977,000)
Net income $ 53,683,000 $ 47,141,000 $ 42,688,000
Earnings per share/unit - basic and diluted (in usd per share) $ 0.42 $ 0.38 $ 0.35
Dividends per share (in dollars per share) $ 0.7880 $ 0.7800 $ 0.7500
Comprehensive income:      
Net income $ 53,683,000 $ 47,141,000 $ 42,688,000
Unrealized swap derivative (loss) gain arising during the period (7,348,000) 1,648,000 3,665,000
Reclassification adjustment for amortization of interest expense included in net income (345,000) 57,000 1,920,000
Other comprehensive (loss) income (7,693,000) 1,705,000 5,585,000
Comprehensive income $ 45,990,000 $ 48,846,000 $ 48,273,000