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

3 Months Ended

Mar. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Basic and Diluted Earnings Per Share

The following table sets forth the reconciliation between basic and diluted EPS for ROIC (in thousands, except share data):

	Three Months Ended March 31,
	2022		2021
Numerator:
Net income	$	12,466	$	7,974
Less income attributable to non-controlling interests	(825)		(559)
Less earnings allocated to unvested shares	(88)		(77)
Net income available for common stockholders, basic	$	11,553	$	7,338
Numerator:
Net income	$	12,466	$	7,974
Less earnings allocated to unvested shares	(88)		(77)
Net income available for common stockholders, diluted	$	12,378	$	7,897
Denominator:
Denominator for basic EPS – weighted average common equivalent shares	122,410,238		117,740,165
OP Units	8,696,735		8,913,617
Performance-based restricted stock awards	330,337		214,625
Stock options	1,358		5,429
Denominator for diluted EPS – weighted average common equivalent shares	131,438,668		126,873,836

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 March 31,
	2022		2021
Numerator:
Net income	$	12,466	$	7,974
Less earnings allocated to unvested shares	(88)		(77)
Net income available to unitholders, basic and diluted	$	12,378	$	7,897
Denominator:
Denominator for basic earnings per unit – weighted average common equivalent units	131,106,973		126,653,782
Performance-based restricted stock awards	330,337		214,625
Stock options	1,358		5,429
Denominator for diluted earnings per unit – weighted average common equivalent units	131,438,668		126,873,836