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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 13,136 $ 14,583
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 24,278 24,761
Amortization of deferred financing costs and mortgage premiums, net 526 515
Straight-line rent adjustment 89 (1,180)
Amortization of above and below market rent (5,478) (6,478)
Amortization relating to stock based compensation 1,856 1,651
Provisions for tenant credit losses 715 867
Other noncash interest expense 73 301
Gain on sale of real estate 0 (2,638)
Change in operating assets and liabilities:    
Tenant and other receivables (2,399) (1,198)
Prepaid expenses 103 1,231
Accounts payable and accrued expenses 10,455 11,334
Other assets and liabilities, net (2,647) (3,559)
Net cash provided by operating activities 40,707 40,190
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of real estate 0 16,046
Improvements to properties (11,555) (10,120)
Net cash (used in) provided by investing activities (11,555) 5,926
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal repayments on mortgages (142) (138)
Proceeds from draws on credit facility 80,000 22,000
Payments on credit facility (10,500) (36,000)
Redemption of OP Units (1,999) (1,246)
Distributions to OP Unitholders (2,187) (2,247)
Deferred financing and other costs (5) 0
Repurchase of common stock (8,846) 0
Registration expenditures (333) (32)
Dividends paid to common shareholders (23,398) (22,722)
Shares withheld for employee taxes (2,272) (1,986)
Net cash provided by (used in) financing activities 30,318 (42,371)
Net increase in cash, cash equivalents and restricted cash 59,470 3,745
Cash, cash equivalents and restricted cash at beginning of period 5,458 7,449
Cash, cash equivalents and restricted cash at end of period 64,928 11,194
Other non-cash investing and financing activities increase (decrease):    
Interest rate swap asset 0 (2,238)
Interest rate swap liabilities 8,791 873
Accrued real estate improvement costs 3,881 3,500
Reconciliation of cash, cash equivalents and restricted cash [Abstract]    
Cash and cash equivalents 63,077 9,649
Total cash, cash equivalents and restricted cash shown in Statements of Cash Flows 64,928 11,194
Retail Opportunity Investments Partnership L.P.    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income 13,136 14,583
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 24,278 24,761
Amortization of deferred financing costs and mortgage premiums, net 526 515
Straight-line rent adjustment 89 (1,180)
Amortization of above and below market rent (5,478) (6,478)
Amortization relating to stock based compensation 1,856 1,651
Provisions for tenant credit losses 715 867
Other noncash interest expense 73 301
Gain on sale of real estate 0 (2,638)
Change in operating assets and liabilities:    
Tenant and other receivables (2,399) (1,198)
Prepaid expenses 103 1,231
Accounts payable and accrued expenses 10,455 11,334
Other assets and liabilities, net (2,647) (3,559)
Net cash provided by operating activities 40,707 40,190
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of real estate 0 16,046
Improvements to properties (11,555) (10,120)
Net cash (used in) provided by investing activities (11,555) 5,926
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal repayments on mortgages (142) (138)
Proceeds from draws on credit facility 80,000 22,000
Payments on credit facility (10,500) (36,000)
Redemption of OP Units (1,999) (1,246)
Distributions to OP Unitholders (25,585) (24,969)
Deferred financing and other costs (5) 0
Registration expenditures (333) (32)
Shares withheld for employee taxes (2,272) (1,986)
Net cash provided by (used in) financing activities 30,318 (42,371)
Net increase in cash, cash equivalents and restricted cash 59,470 3,745
Cash, cash equivalents and restricted cash at beginning of period 5,458 7,449
Cash, cash equivalents and restricted cash at end of period 64,928 11,194
Other non-cash investing and financing activities increase (decrease):    
Interest rate swap asset 0 (2,238)
Interest rate swap liabilities 8,791 873
Accrued real estate improvement costs 3,881 3,500
Reconciliation of cash, cash equivalents and restricted cash [Abstract]    
Cash and cash equivalents 63,077 9,649
Total cash, cash equivalents and restricted cash shown in Statements of Cash Flows $ 64,928 $ 11,194