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

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Numerator:
Net income	$	12,314	$	17,685	$	24,780	$	25,659
Less income attributable to non-controlling interests	(807)		(1,201)		(1,632)		(1,760)
Less earnings allocated to unvested shares	(88)		(77)		(176)		(154)
Net income available for common stockholders, basic	$	11,419	$	16,407	$	22,972	$	23,745
Numerator:
Net income	$	12,314	$	17,685	$	24,780	$	25,659
Less earnings allocated to unvested shares	(88)		(77)		(176)		(154)
Net income available for common stockholders, diluted	$	12,226	$	17,608	$	24,604	$	25,505
Denominator:
Denominator for basic EPS – weighted average common equivalent shares	123,537,494		118,532,188		122,976,980		118,138,364
OP Units	8,663,073		8,609,405		8,679,811		8,760,671
Performance-based restricted stock awards	378,819		317,263		383,592		284,919
Stock options	1,200		8,484		1,281		7,086
Denominator for diluted EPS – weighted average common equivalent shares	132,580,586		127,467,340		132,041,664		127,191,040

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 June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Numerator:
Net income	$	12,314	$	17,685	$	24,780	$	25,659
Less earnings allocated to unvested shares	(88)		(77)		(176)		(154)
Net income available to unitholders, basic and diluted	$	12,226	$	17,608	$	24,604	$	25,505
Denominator:
Denominator for basic earnings per unit – weighted average common equivalent units	132,200,567		127,141,593		131,656,791		126,899,035
Performance-based restricted stock awards	378,819		317,263		383,592		284,919
Stock options	1,200		8,484		1,281		7,086
Denominator for diluted earnings per unit – weighted average common equivalent units	132,580,586		127,467,340		132,041,664		127,191,040