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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 18,172 $ 22,929
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 48,392 49,204
Amortization of deferred financing costs and mortgage premiums, net 1,055 1,033
Straight-line rent adjustment (230) (1,726)
Amortization of above and below market rent (8,000) (9,938)
Amortization relating to stock based compensation 4,024 3,890
Provisions for tenant credit losses 6,611 1,274
Other noncash interest expense 146 377
Gain on sale of real estate 0 (2,818)
Change in operating assets and liabilities:    
Tenant and other receivables (13,480) 2,060
Prepaid expenses 1,527 2,673
Accounts payable and accrued expenses (4,060) (1,037)
Other assets and liabilities, net (5,191) (5,540)
Net cash provided by operating activities 48,966 62,381
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of real estate 0 16,305
Improvements to properties (19,536) (18,863)
Proceeds on repayment of mortgage note receivable 8,000 0
Net cash used in investing activities (11,536) (2,558)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal repayments on mortgages (284) (273)
Proceeds from draws on credit facility 160,000 43,000
Payments on credit facility (10,500) (48,000)
Redemption of OP Units (1,999) (1,246)
Distributions to OP Unitholders (2,187) (4,494)
Deferred financing and other costs (5) 0
Repurchase of common stock (8,846) 0
Registration expenditures (339) (65)
Dividends paid to common shareholders (23,398) (45,166)
Shares withheld for employee taxes (2,272) (1,986)
Net cash provided by (used in) financing activities 110,170 (58,230)
Net increase in cash, cash equivalents and restricted cash 147,600 1,593
Cash, cash equivalents and restricted cash at beginning of period 5,458 7,449
Cash, cash equivalents and restricted cash at end of period 153,058 9,042
Other non-cash investing and financing activities increase (decrease):    
Interest rate swap asset 0 (4,931)
Interest rate swap liabilities 8,600 3,335
Accrued real estate improvement costs 2,885 2,888
Equity Redemption of OP Units 15,211  
Disposition of real estate through issuance of mortgage note 0 13,250
Reconciliation of cash, cash equivalents and restricted cash [Abstract]    
Cash and cash equivalents 151,372 7,488
Total cash, cash equivalents and restricted cash shown in Statements of Cash Flows 153,058 9,042
Retail Opportunity Investments Partnership L.P.    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income 18,172 22,929
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 48,392 49,204
Amortization of deferred financing costs and mortgage premiums, net 1,055 1,033
Straight-line rent adjustment (230) (1,726)
Amortization of above and below market rent (8,000) (9,938)
Amortization relating to stock based compensation 4,024 3,890
Provisions for tenant credit losses 6,611 1,274
Other noncash interest expense 146 377
Gain on sale of real estate 0 (2,818)
Change in operating assets and liabilities:    
Tenant and other receivables (13,480) 2,060
Prepaid expenses 1,527 2,673
Accounts payable and accrued expenses (4,060) (1,037)
Other assets and liabilities, net (5,191) (5,540)
Net cash provided by operating activities 48,966 62,381
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from sale of real estate 0 16,305
Improvements to properties (19,536) (18,863)
Proceeds on repayment of mortgage note receivable 8,000 0
Net cash used in investing activities (11,536) (2,558)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal repayments on mortgages (284) (273)
Proceeds from draws on credit facility 160,000 43,000
Payments on credit facility (10,500) (48,000)
Redemption of OP Units (1,999) (1,246)
Distributions to OP Unitholders (25,585) (49,660)
Deferred financing and other costs (5) 0
Registration expenditures (339) (65)
Shares withheld for employee taxes (2,272) (1,986)
Net cash provided by (used in) financing activities 110,170 (58,230)
Net increase in cash, cash equivalents and restricted cash 147,600 1,593
Cash, cash equivalents and restricted cash at beginning of period 5,458 7,449
Cash, cash equivalents and restricted cash at end of period 153,058 9,042
Other non-cash investing and financing activities increase (decrease):    
Interest rate swap asset 0 (4,931)
Interest rate swap liabilities 8,600 3,335
Accrued real estate improvement costs 2,885 2,888
Equity Redemption of OP Units 15,211  
Disposition of real estate through issuance of mortgage note 0 13,250
Reconciliation of cash, cash equivalents and restricted cash [Abstract]    
Cash and cash equivalents 151,372 7,488
Total cash, cash equivalents and restricted cash shown in Statements of Cash Flows $ 153,058 $ 9,042