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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Rental revenue $ 65,734 $ 71,821 $ 139,931 $ 147,188
Other income 818 1,109 1,493 1,795
Total revenues 66,552 72,930 141,424 148,983
Operating expenses        
Property operating 9,286 10,710 19,890 21,771
Property taxes 8,766 7,832 16,755 16,070
Depreciation and amortization 24,114 24,443 48,392 49,204
General and administrative expenses 3,929 4,950 7,873 9,226
Other expense 296 1,224 360 1,317
Total operating expenses 46,391 49,159 93,270 97,588
Gain on sale of real estate 0 180 0 2,818
Operating income 20,161 23,951 48,154 54,213
Non-operating expenses        
Interest expense and other finance expenses (15,125) (15,605) (29,982) (31,284)
Net income 5,036 8,346 18,172 22,929
Net income attributable to non-controlling interests (389) (761) (1,523) (2,094)
Net Income Attributable to Retail Opportunity Investments Corp. $ 4,647 $ 7,585 $ 16,649 $ 20,835
Earnings per share/unit - Basic and diluted (in dollars per share) $ 0.04 $ 0.07 $ 0.14 $ 0.18
Dividends per share/unit (in dollars per share) $ 0 $ 0.1970 $ 0.2000 $ 0.3940
Comprehensive income:        
Net income $ 5,036 $ 8,346 $ 18,172 $ 22,929
Other comprehensive income (loss):        
Unrealized swap derivative loss arising during the period (961) (4,815) (10,016) (7,423)
Reclassification adjustment for amortization of interest expense included in net income 1,225 (263) 1,563 (465)
Other comprehensive income (loss): 264 (5,078) (8,453) (7,888)
Comprehensive income 5,300 3,268 9,719 15,041
Comprehensive loss (income) attributable to non-controlling interests 548 (761) (586) (2,094)
Comprehensive income attributable to Retail Opportunity Investments Corp. 5,848 2,507 9,133 12,947
Retail Opportunity Investments Partnership L.P.        
Revenues        
Rental revenue 65,734 71,821 139,931 147,188
Other income 818 1,109 1,493 1,795
Total revenues 66,552 72,930 141,424 148,983
Operating expenses        
Property operating 9,286 10,710 19,890 21,771
Property taxes 8,766 7,832 16,755 16,070
Depreciation and amortization 24,114 24,443 48,392 49,204
General and administrative expenses 3,929 4,950 7,873 9,226
Other expense 296 1,224 360 1,317
Total operating expenses 46,391 49,159 93,270 97,588
Gain on sale of real estate 0 180 0 2,818
Operating income 20,161 23,951 48,154 54,213
Non-operating expenses        
Interest expense and other finance expenses (15,125) (15,605) (29,982) (31,284)
Net income $ 5,036 $ 8,346 $ 18,172 $ 22,929
Earnings per share/unit - Basic and diluted (in dollars per share) $ 0.04 $ 0.07 $ 0.14 $ 0.18
Dividends per share/unit (in dollars per share) $ 0 $ 0.1970 $ 0.2000 $ 0.3940
Comprehensive income:        
Net income $ 5,036 $ 8,346 $ 18,172 $ 22,929
Other comprehensive income (loss):        
Unrealized swap derivative loss arising during the period (961) (4,815) (10,016) (7,423)
Reclassification adjustment for amortization of interest expense included in net income 1,225 (263) 1,563 (465)
Other comprehensive income (loss): 264 (5,078) (8,453) (7,888)
Comprehensive income $ 5,300 $ 3,268 $ 9,719 $ 15,041