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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Rental revenue $ 69,066 $ 71,793 $ 208,997 $ 218,981
Other income 706 645 2,199 2,440
Total revenues 69,772 72,438 211,196 221,421
Operating expenses        
Property operating 10,313 10,995 30,203 32,766
Property taxes 8,510 8,113 25,265 24,183
Depreciation and amortization 24,649 24,163 73,041 73,367
General and administrative expenses 4,101 4,448 11,974 13,674
Other expense 165 47 525 1,364
Total operating expenses 47,738 47,766 141,008 145,354
Gain on sale of real estate 0 10,357 0 13,175
Operating income 22,034 35,029 70,188 89,242
Non-operating expenses        
Interest expense and other finance expenses (15,065) (15,401) (45,047) (46,685)
Net income 6,969 19,628 25,141 42,557
Net income attributable to non-controlling interests (503) (1,770) (2,026) (3,864)
Net Income Attributable to Retail Opportunity Investments Corp. $ 6,466 $ 17,858 $ 23,115 $ 38,693
Earnings per share/unit - Basic and diluted (in dollars per share) $ 0.06 $ 0.16 $ 0.20 $ 0.34
Dividends per share/unit (in dollars per share) $ 0 $ 0.1970 $ 0.2000 $ 0.5910
Comprehensive income:        
Net income $ 6,969 $ 19,628 $ 25,141 $ 42,557
Other comprehensive income (loss):        
Unrealized swap derivative gain (loss) arising during the period 62 (1,226) (9,954) (8,649)
Reclassification adjustment for amortization of interest expense included in net income 1,498 (96) 3,061 (561)
Other comprehensive income (loss): 1,560 (1,322) (6,893) (9,210)
Comprehensive income 8,529 18,306 18,248 33,347
Comprehensive income attributable to non-controlling interests (645) (1,770) (1,231) (3,864)
Comprehensive income attributable to Retail Opportunity Investments Corp. 7,884 16,536 17,017 29,483
Retail Opportunity Investments Partnership L.P.        
Revenues        
Rental revenue 69,066 71,793 208,997 218,981
Other income 706 645 2,199 2,440
Total revenues 69,772 72,438 211,196 221,421
Operating expenses        
Property operating 10,313 10,995 30,203 32,766
Property taxes 8,510 8,113 25,265 24,183
Depreciation and amortization 24,649 24,163 73,041 73,367
General and administrative expenses 4,101 4,448 11,974 13,674
Other expense 165 47 525 1,364
Total operating expenses 47,738 47,766 141,008 145,354
Gain on sale of real estate 0 10,357 0 13,175
Operating income 22,034 35,029 70,188 89,242
Non-operating expenses        
Interest expense and other finance expenses (15,065) (15,401) (45,047) (46,685)
Net income $ 6,969 $ 19,628 $ 25,141 $ 42,557
Earnings per share/unit - Basic and diluted (in dollars per share) $ 0.06 $ 0.16 $ 0.20 $ 0.34
Dividends per share/unit (in dollars per share) $ 0 $ 0.1970 $ 0.2000 $ 0.5910
Comprehensive income:        
Net income $ 6,969 $ 19,628 $ 25,141 $ 42,557
Other comprehensive income (loss):        
Unrealized swap derivative gain (loss) arising during the period 62 (1,226) (9,954) (8,649)
Reclassification adjustment for amortization of interest expense included in net income 1,498 (96) 3,061 (561)
Other comprehensive income (loss): 1,560 (1,322) (6,893) (9,210)
Comprehensive income $ 8,529 $ 18,306 $ 18,248 $ 33,347