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

9 Months Ended

Sep. 30, 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 September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Numerator:
Net income	$	6,969	$	19,628	$	25,141	$	42,557
Less income attributable to non-controlling interests	(503)		(1,770)		(2,026)		(3,864)
Less earnings allocated to unvested shares	—		(113)		(127)		(340)
Net income available for common stockholders, basic	$	6,466	$	17,745	$	22,988	$	38,353
Numerator:
Net income	$	6,969	$	19,628	$	25,141	$	42,557
Less earnings allocated to unvested shares	—		(113)		(127)		(340)
Net income available for common stockholders, diluted	$	6,969	$	19,515	$	25,014	$	42,217
Denominator:
Denominator for basic EPS – weighted average common equivalent shares	117,218,094		113,814,447		116,523,448		113,725,752
OP units	9,156,814		11,321,606		10,041,615		11,391,070
Performance-based restricted stock awards and LTIP Units	234,944		324,328		244,453		304,427
Stock options	204		80,447		2,951		77,087
Denominator for diluted EPS – weighted average common equivalent shares	126,610,056		125,540,828		126,812,467		125,498,336

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 September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Numerator:
Net income	$	6,969	$	19,628	$	25,141	$	42,557
Less earnings allocated to unvested shares	—		(113)		(127)		(340)
Net income available to unitholders, basic and diluted	$	6,969	$	19,515	$	25,014	$	42,217
Denominator:
Denominator for basic earnings per unit – weighted average common equivalent units	126,374,908		125,136,053		126,565,063		125,116,822
Performance-based restricted stock awards and LTIP Units	234,944		324,328		244,453		304,427
Stock options	204		80,447		2,951		77,087
Denominator for diluted earnings per unit – weighted average common equivalent units	126,610,056		125,540,828		126,812,467		125,498,336