XML 13 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Rental revenue $ 77,420 $ 69,907 $ 229,675 $ 208,925
Other income 618 1,478 3,061 2,377
Total revenues 78,038 71,385 232,736 211,302
Operating expenses        
Property operating 12,705 11,009 37,468 32,334
Property taxes 8,876 8,564 25,812 25,502
Depreciation and amortization 24,332 22,854 72,444 69,401
General and administrative expenses 5,203 4,746 16,145 14,353
Other expense 111 147 778 631
Total operating expenses 51,227 47,320 152,647 142,221
Gain on sale of real estate 7,653 12,880 7,653 22,340
Operating income 34,464 36,945 87,742 91,421
Non-operating expenses        
Interest expense and other finance expenses (14,678) (14,356) (43,176) (43,173)
Net income 19,786 22,589 44,566 48,248
Net income attributable to non-controlling interests (1,264) (1,494) (2,896) (3,254)
Net Income Attributable to Retail Opportunity Investments Corp. $ 18,522 $ 21,095 $ 41,670 $ 44,994
Earnings per share/unit - basic (in dollars per share) $ 0.15 $ 0.17 $ 0.34 $ 0.38
Earnings per share/unit - diluted (in dollars per share) 0.15 0.17 0.33 0.38
Dividends per share/unit (in dollars per share) $ 0.15 $ 0.11 $ 0.41 $ 0.33
Comprehensive income:        
Net income $ 19,786 $ 22,589 $ 44,566 $ 48,248
Other comprehensive income:        
Unrealized swap derivative gain (loss) arising during the period 61 (122) 1,104 (159)
Reclassification adjustment for amortization of interest expense included in net income (27) 1,469 2,300 4,422
Other comprehensive income: 34 1,347 3,404 4,263
Comprehensive income 19,820 23,936 47,970 52,511
Comprehensive income attributable to non-controlling interests (1,266) (1,585) (3,119) (3,582)
Comprehensive income attributable to Retail Opportunity Investments Corp. 18,554 22,351 44,851 48,929
Retail Opportunity Investments Partnership L.P.        
Revenues        
Rental revenue 77,420 69,907 229,675 208,925
Other income 618 1,478 3,061 2,377
Total revenues 78,038 71,385 232,736 211,302
Operating expenses        
Property operating 12,705 11,009 37,468 32,334
Property taxes 8,876 8,564 25,812 25,502
Depreciation and amortization 24,332 22,854 72,444 69,401
General and administrative expenses 5,203 4,746 16,145 14,353
Other expense 111 147 778 631
Total operating expenses 51,227 47,320 152,647 142,221
Gain on sale of real estate 7,653 12,880 7,653 22,340
Operating income 34,464 36,945 87,742 91,421
Non-operating expenses        
Interest expense and other finance expenses (14,678) (14,356) (43,176) (43,173)
Net income $ 19,786 $ 22,589 $ 44,566 $ 48,248
Earnings per share/unit - basic (in dollars per share) $ 0.15 $ 0.17 $ 0.34 $ 0.38
Earnings per share/unit - diluted (in dollars per share) 0.15 0.17 0.33 0.38
Dividends per share/unit (in dollars per share) $ 0.15 $ 0.11 $ 0.41 $ 0.33
Comprehensive income:        
Net income $ 19,786 $ 22,589 $ 44,566 $ 48,248
Other comprehensive income:        
Unrealized swap derivative gain (loss) arising during the period 61 (122) 1,104 (159)
Reclassification adjustment for amortization of interest expense included in net income (27) 1,469 2,300 4,422
Other comprehensive income: 34 1,347 3,404 4,263
Comprehensive income $ 19,820 $ 23,936 $ 47,970 $ 52,511