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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 57,360 $ 34,721 $ 53,683
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 92,929 97,731 97,559
Amortization of deferred financing costs and mortgage premiums, net 2,383 2,219 2,076
Straight-line rent adjustment (959) (1,079) (3,083)
Amortization of above and below market rent (8,795) (17,654) (15,618)
Amortization relating to stock based compensation 11,030 8,914 8,567
Provisions for tenant credit losses 2,779 11,035 1,969
Other noncash interest expense 45 293 524
Gain on sale of real estate (22,340) 0 (13,175)
Change in operating assets and liabilities:      
Tenant and other receivables (1,039) (23,120) 543
Prepaid expenses (597) (1,641) 962
Accounts payable and accrued expenses 5,072 (1,096) 303
Other assets and liabilities, net (1,536) (3,663) (2,271)
Net cash provided by operating activities 136,332 106,660 132,039
CASH FLOWS FROM INVESTING ACTIVITIES      
Investments in real estate (125,490) 0 (11,601)
Proceeds from sale of real estate 68,003 0 58,930
Improvements to properties (46,242) (36,515) (35,177)
Proceeds on repayment of mortgage note receivable 84 8,041 250
Net cash (used in) provided by investing activities (103,645) (28,474) 12,402
CASH FLOWS FROM FINANCING ACTIVITIES      
Principal repayments on mortgages (716) (577) (551)
Proceeds from draws on credit facility 30,000 160,000 101,000
Payments on credit facility (78,000) (196,000) (173,000)
Redemption of OP Units 0 (1,999) (5,043)
Distributions to OP Unitholders (2,857) (2,187) (8,921)
Deferred financing and other costs 0 (1,162) (2,804)
Proceeds from issuance of common stock 69,602 0 34,162
Repurchase of common stock/OP units 0 (8,846) 0
Registration expenditures (740) (567) (478)
Dividends paid to common shareholders (39,772) (23,398) (90,753)
Common shares issued under the Equity Incentive Plan 428 0 1,942
Shares withheld for employee taxes (1,905) (2,272) (1,986)
Net cash used in financing activities (23,960) (77,008) (146,432)
Net increase (decrease) in cash, cash equivalents and restricted cash 8,727 1,178 (1,991)
Cash, cash equivalents and restricted cash at beginning of period 6,636 5,458 7,449
Cash, cash equivalents and restricted cash at end of period 15,363 6,636 5,458
Reconciliation of cash, cash equivalents and restricted cash:      
Cash and cash equivalents 13,218 4,822 3,800
Restricted cash 2,145 1,814 1,658
Total cash, cash equivalents and restricted cash shown in Statements of Cash Flows 15,363 6,636 5,458
Retail Opportunity Investments Partnership L.P.      
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income 57,360 34,721 53,683
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 92,929 97,731 97,559
Amortization of deferred financing costs and mortgage premiums, net 2,383 2,219 2,076
Straight-line rent adjustment (959) (1,079) (3,083)
Amortization of above and below market rent (8,795) (17,654) (15,618)
Amortization relating to stock based compensation 11,030 8,914 8,567
Provisions for tenant credit losses 2,779 11,035 1,969
Other noncash interest expense 45 293 524
Gain on sale of real estate (22,340) 0 (13,175)
Change in operating assets and liabilities:      
Tenant and other receivables (1,039) (23,120) 543
Prepaid expenses (597) (1,641) 962
Accounts payable and accrued expenses 5,072 (1,096) 303
Other assets and liabilities, net (1,536) (3,663) (2,271)
Net cash provided by operating activities 136,332 106,660 132,039
CASH FLOWS FROM INVESTING ACTIVITIES      
Investments in real estate (125,490) 0 (11,601)
Proceeds from sale of real estate 68,003 0 58,930
Improvements to properties (46,242) (36,515) (35,177)
Proceeds on repayment of mortgage note receivable 84 8,041 250
Net cash (used in) provided by investing activities (103,645) (28,474) 12,402
CASH FLOWS FROM FINANCING ACTIVITIES      
Principal repayments on mortgages (716) (577) (551)
Proceeds from draws on credit facility 30,000 160,000 101,000
Payments on credit facility (78,000) (196,000) (173,000)
Redemption of OP Units 0 (1,999) (5,043)
Distributions to OP Unitholders (42,629) (25,585) (99,674)
Deferred financing and other costs 0 (1,162) (2,804)
Proceeds from issuance of common stock 69,602 0 34,162
Repurchase of common stock/OP units 0 (8,846) 0
Registration expenditures (740) (567) (478)
Common shares issued under the Equity Incentive Plan 428 0 1,942
Shares withheld for employee taxes (1,905) (2,272) (1,986)
Net cash used in financing activities (23,960) (77,008) (146,432)
Net increase (decrease) in cash, cash equivalents and restricted cash 8,727 1,178 (1,991)
Cash, cash equivalents and restricted cash at beginning of period 6,636 5,458 7,449
Cash, cash equivalents and restricted cash at end of period 15,363 6,636 5,458
Reconciliation of cash, cash equivalents and restricted cash:      
Cash and cash equivalents 13,218 4,822 3,800
Restricted cash 2,145 1,814 1,658
Total cash, cash equivalents and restricted cash shown in Statements of Cash Flows $ 15,363 $ 6,636 $ 5,458