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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues    
Rental revenue $ 75,037 $ 68,904
Other income 1,436 283
Total revenues 76,473 69,187
Operating expenses    
Property operating 12,091 10,559
Property taxes 8,520 8,606
Depreciation and amortization 23,762 23,040
General and administrative expenses 5,240 4,375
Other expense 179 153
Total operating expenses 49,792 46,733
Operating income 26,681 22,454
Non-operating expenses    
Interest expense and other finance expenses (14,215) (14,480)
Net income 12,466 7,974
Net income attributable to non-controlling interests (825) (559)
Net Income Attributable to Retail Opportunity Investments Corp. $ 11,641 $ 7,415
Earnings per share/unit - basic (in dollars per share) $ 0.09 $ 0.06
Earnings per share/unit - diluted (in dollars per share) 0.09 0.06
Dividends per share/unit (in dollars per share) $ 0.13 $ 0.11
Comprehensive income:    
Net income $ 12,466 $ 7,974
Other comprehensive income:    
Unrealized swap derivative gain arising during the period 808 76
Reclassification adjustment for amortization of interest expense included in net income 1,395 1,497
Other comprehensive income: 2,203 1,573
Comprehensive income 14,669 9,547
Comprehensive income attributable to non-controlling interests (969) (678)
Comprehensive income attributable to Retail Opportunity Investments Corp. 13,700 8,869
Retail Opportunity Investments Partnership L.P.    
Revenues    
Rental revenue 75,037 68,904
Other income 1,436 283
Total revenues 76,473 69,187
Operating expenses    
Property operating 12,091 10,559
Property taxes 8,520 8,606
Depreciation and amortization 23,762 23,040
General and administrative expenses 5,240 4,375
Other expense 179 153
Total operating expenses 49,792 46,733
Operating income 26,681 22,454
Non-operating expenses    
Interest expense and other finance expenses (14,215) (14,480)
Net income $ 12,466 $ 7,974
Earnings per share/unit - basic (in dollars per share) $ 0.09 $ 0.06
Earnings per share/unit - diluted (in dollars per share) 0.09 0.06
Dividends per share/unit (in dollars per share) $ 0.13 $ 0.11
Comprehensive income:    
Net income $ 12,466 $ 7,974
Other comprehensive income:    
Unrealized swap derivative gain arising during the period 808 76
Reclassification adjustment for amortization of interest expense included in net income 1,395 1,497
Other comprehensive income: 2,203 1,573
Comprehensive income $ 14,669 $ 9,547