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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues    
Rental revenue $ 74,197 $ 75,367
Other income 675 686
Total revenues 74,872 76,053
Operating expenses    
Property operating 10,604 11,061
Property taxes 7,989 8,238
Depreciation and amortization 24,278 24,761
General and administrative expenses 3,944 4,276
Other expense 64 93
Total operating expenses 46,879 48,429
Gain on sale of real estate 0 2,638
Operating income 27,993 30,262
Non-operating expenses    
Interest expense and other finance expenses (14,857) (15,679)
Net income 13,136 14,583
Net income attributable to non-controlling interests (1,134) (1,333)
Net Income Attributable to Retail Opportunity Investments Corp. $ 12,002 $ 13,250
Earnings per share/unit - Basic and diluted (in dollars per share) $ 0.10 $ 0.12
Dividends per share/unit (in dollars per share) $ 0.2000 $ 0.1970
Comprehensive income:    
Net income $ 13,136 $ 14,583
Other comprehensive loss:    
Unrealized swap derivative loss arising during the period (9,055) (2,608)
Reclassification adjustment for amortization of interest expense included in net income 338 (202)
Other comprehensive loss (8,717) (2,810)
Comprehensive income 4,419 11,773
Comprehensive income attributable to non-controlling interests (1,134) (1,333)
Comprehensive income attributable to Retail Opportunity Investments Corp. 3,285 10,440
Retail Opportunity Investments Partnership L.P.    
Revenues    
Rental revenue 74,197 75,367
Other income 675 686
Total revenues 74,872 76,053
Operating expenses    
Property operating 10,604 11,061
Property taxes 7,989 8,238
Depreciation and amortization 24,278 24,761
General and administrative expenses 3,944 4,276
Other expense 64 93
Total operating expenses 46,879 48,429
Gain on sale of real estate 0 2,638
Operating income 27,993 30,262
Non-operating expenses    
Interest expense and other finance expenses (14,857) (15,679)
Net income $ 13,136 $ 14,583
Earnings per share/unit - Basic and diluted (in dollars per share) $ 0.10 $ 0.12
Dividends per share/unit (in dollars per share) $ 0.2000 $ 0.1970
Comprehensive income:    
Net income $ 13,136 $ 14,583
Other comprehensive loss:    
Unrealized swap derivative loss arising during the period (9,055) (2,608)
Reclassification adjustment for amortization of interest expense included in net income 338 (202)
Other comprehensive loss (8,717) (2,810)
Comprehensive income $ 4,419 $ 11,773