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

3 Months Ended

Mar. 31, 2020

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 March 31,
	2020		2019
Numerator:
Net income	$	13,136	$	14,583
Less income attributable to non-controlling interests	(1,134)		(1,333)
Less earnings allocated to unvested shares	(127)		(114)
Net income available for common stockholders, basic	$	11,875	$	13,136
Numerator:
Net income	$	13,136	$	14,583
Less earnings allocated to unvested shares	(127)		(114)
Net income available for common stockholders, diluted	$	13,009	$	14,469
Denominator:
Denominator for basic EPS – weighted average common equivalent shares	115,970,461		113,680,670
OP units	10,977,000		11,445,930
Performance-based restricted stock awards and LTIP Units	218,881		219,762
Stock options	14,991		94,408
Denominator for diluted EPS – weighted average common equivalent shares	127,181,333		125,440,770

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 March 31,
	2020		2019
Numerator:
Net income	$	13,136	$	14,583
Less earnings allocated to unvested shares	(127)		(114)
Net income available to unitholders, basic and diluted	$	13,009	$	14,469
Denominator:
Denominator for basic earnings per unit – weighted average common equivalent units	126,947,461		125,126,600
Performance-based restricted stock awards and LTIP Units	218,881		219,762
Stock options	14,991		94,408
Denominator for diluted earnings per unit – weighted average common equivalent units	127,181,333		125,440,770