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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues    
Rental revenue $ 78,999 $ 75,037
Other income 297 1,436
Total revenues 79,296 76,473
Operating expenses    
Property operating 14,202 12,091
Property taxes 8,844 8,520
Depreciation and amortization 25,104 23,762
General and administrative expenses 5,320 5,240
Other expense 172 179
Total operating expenses 53,642 49,792
Operating income 25,654 26,681
Non-operating expenses    
Interest expense and other finance expenses (16,958) (14,215)
Net income 8,696 12,466
Net income attributable to non-controlling interests (554) (825)
Net Income Attributable to Retail Opportunity Investments Corp. $ 8,142 $ 11,641
Earnings per share/unit - basic (in dollars per share) $ 0.06 $ 0.09
Earnings per share/unit - diluted (in dollars per share) 0.06 0.09
Dividends per share/unit (in dollars per share) $ 0.15 $ 0.13
Comprehensive income:    
Net income $ 8,696 $ 12,466
Other comprehensive (loss) income:    
Unrealized swap derivative gain arising during the period 11 808
Reclassification adjustment for amortization of interest expense included in net income (16) 1,395
Other comprehensive (loss) income: (5) 2,203
Comprehensive income 8,691 14,669
Comprehensive income attributable to non-controlling interests (554) (969)
Comprehensive income attributable to Retail Opportunity Investments Corp. 8,137 13,700
Retail Opportunity Investments Partnership L.P.    
Revenues    
Rental revenue 78,999 75,037
Other income 297 1,436
Total revenues 79,296 76,473
Operating expenses    
Property operating 14,202 12,091
Property taxes 8,844 8,520
Depreciation and amortization 25,104 23,762
General and administrative expenses 5,320 5,240
Other expense 172 179
Total operating expenses 53,642 49,792
Operating income 25,654 26,681
Non-operating expenses    
Interest expense and other finance expenses (16,958) (14,215)
Net income $ 8,696 $ 12,466
Earnings per share/unit - basic (in dollars per share) $ 0.06 $ 0.09
Earnings per share/unit - diluted (in dollars per share) 0.06 0.09
Dividends per share/unit (in dollars per share) $ 0.15 $ 0.13
Comprehensive income:    
Net income $ 8,696 $ 12,466
Other comprehensive (loss) income:    
Unrealized swap derivative gain arising during the period 11 808
Reclassification adjustment for amortization of interest expense included in net income (16) 1,395
Other comprehensive (loss) income: (5) 2,203
Comprehensive income $ 8,691 $ 14,669