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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues      
Rental revenue $ 280,924 $ 280,388 $ 291,263
Other income 3,176 3,726 3,777
Total revenues 284,100 284,114 295,040
Operating expenses      
Property operating 44,439 41,050 43,662
Property taxes 33,663 33,288 32,388
Depreciation and amortization 92,929 97,731 97,559
General and administrative expenses 19,654 16,755 17,831
Other expense 860 843 1,405
Total operating expenses 191,545 189,667 192,845
Gain on sale of real estate 22,340 0 13,175
Operating income 114,895 94,447 115,370
Non-operating expenses      
Interest expense and other finance expenses (57,535) (59,726) (61,687)
Net income 57,360 34,721 53,683
Net income attributable to non-controlling interests (3,852) (2,707) (4,839)
Net Income Attributable to Retail Opportunity Investments Corp. $ 53,508 $ 32,014 $ 48,844
Earnings per share/unit - basic (in dollars per share) $ 0.44 $ 0.27 $ 0.42
Earnings per share/unit - diluted (in dollars per share) 0.44 0.27 0.42
Dividends per share (in dollars per share) $ 0.5100 $ 0.2000 $ 0.7880
Comprehensive income:      
Net income $ 57,360 $ 34,721 $ 53,683
Other comprehensive income (loss):      
Unrealized swap derivative gain (loss) arising during the period 216 (9,925) (7,348)
Reclassification adjustment for amortization of interest expense included in net income 5,894 4,572 (345)
Other comprehensive income (loss) 6,110 (5,353) (7,693)
Comprehensive income 63,470 29,368 45,990
Comprehensive income attributable to non-controlling interests (4,304) (2,034) (4,839)
Comprehensive income attributable to Retail Opportunity Investments Corp. 59,166 27,334 41,151
Retail Opportunity Investments Partnership L.P.      
Revenues      
Rental revenue 280,924 280,388 291,263
Other income 3,176 3,726 3,777
Total revenues 284,100 284,114 295,040
Operating expenses      
Property operating 44,439 41,050 43,662
Property taxes 33,663 33,288 32,388
Depreciation and amortization 92,929 97,731 97,559
General and administrative expenses 19,654 16,755 17,831
Other expense 860 843 1,405
Total operating expenses 191,545 189,667 192,845
Gain on sale of real estate 22,340 0 13,175
Operating income 114,895 94,447 115,370
Non-operating expenses      
Interest expense and other finance expenses (57,535) (59,726) (61,687)
Net income $ 57,360 $ 34,721 $ 53,683
Earnings per share/unit - basic (in dollars per share) $ 0.44 $ 0.27 $ 0.42
Dividends per share (in dollars per share) $ 0.5100 $ 0.2000 $ 0.7880
Comprehensive income:      
Net income $ 57,360 $ 34,721 $ 53,683
Other comprehensive income (loss):      
Unrealized swap derivative gain (loss) arising during the period 216 (9,925) (7,348)
Reclassification adjustment for amortization of interest expense included in net income 5,894 4,572 (345)
Other comprehensive income (loss) 6,110 (5,353) (7,693)
Comprehensive income $ 63,470 $ 29,368 $ 45,990