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

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Numerator:
Net income	$	19,786	$	22,589	$	44,566	$	48,248
Less income attributable to non-controlling interests	(1,264)		(1,494)		(2,896)		(3,254)
Less earnings allocated to unvested shares	(102)		(76)		(278)		(230)
Net income available for common stockholders, basic	$	18,420	$	21,019	$	41,392	$	44,764
Numerator:
Net income	$	19,786	$	22,589	$	44,566	$	48,248
Less earnings allocated to unvested shares	(102)		(76)		(278)		(230)
Net income available for common stockholders, diluted	$	19,684	$	22,513	$	44,288	$	48,018
Denominator:
Denominator for basic EPS – weighted average common equivalent shares	123,797,859		120,624,862		123,253,613		118,976,305
OP Units	8,462,334		8,542,097		8,606,522		8,687,012
Performance-based restricted stock awards	477,364		364,709		493,193		341,441
Stock options	913		8,492		1,164		7,585
Denominator for diluted EPS – weighted average common equivalent shares	132,738,470		129,540,160		132,354,492		128,012,343

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 September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Numerator:
Net income	$	19,786	$	22,589	$	44,566	$	48,248
Less earnings allocated to unvested shares	(102)		(76)		(278)		(230)
Net income available to unitholders, basic and diluted	$	19,684	$	22,513	$	44,288	$	48,018
Denominator:
Denominator for basic earnings per unit – weighted average common equivalent units	132,260,193		129,166,959		131,860,135		127,663,317
Performance-based restricted stock awards	477,364		364,709		493,193		341,441
Stock options	913		8,492		1,164		7,585
Denominator for diluted earnings per unit – weighted average common equivalent units	132,738,470		129,540,160		132,354,492		128,012,343