XML 13 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues        
Rental revenue $ 79,630 $ 77,218 $ 158,629 $ 152,255
Other income 2,410 1,007 2,707 2,443
Total revenues 82,040 78,225 161,336 154,698
Operating expenses        
Property operating 13,581 12,672 27,783 24,763
Property taxes 8,924 8,416 17,768 16,936
Depreciation and amortization 25,126 24,350 50,230 48,112
General and administrative expenses 5,776 5,702 11,096 10,942
Other expense 482 488 654 667
Total operating expenses 53,889 51,628 107,531 101,420
Operating income 28,151 26,597 53,805 53,278
Non-operating expenses        
Interest expense and other finance expenses (17,633) (14,283) (34,591) (28,498)
Net income 10,518 12,314 19,214 24,780
Net income attributable to non-controlling interests (589) (807) (1,143) (1,632)
Net Income Attributable to Retail Opportunity Investments Corp. $ 9,929 $ 11,507 $ 18,071 $ 23,148
Earnings per share/unit - basic (in dollars per share) $ 0.08 $ 0.09 $ 0.14 $ 0.19
Earnings per share/unit - diluted (in dollars per share) 0.08 0.09 0.14 0.19
Dividends per share/unit (in dollars per share) $ 0.15 $ 0.13 $ 0.30 $ 0.26
Comprehensive income:        
Net income $ 10,518 $ 12,314 $ 19,214 $ 24,780
Other comprehensive income:        
Unrealized swap derivative gain arising during the period 1,657 235 1,668 1,043
Reclassification adjustment for amortization of interest expense included in net income (251) 932 (267) 2,327
Other comprehensive income: 1,406 1,167 1,401 3,370
Comprehensive income 11,924 13,481 20,615 28,150
Comprehensive income attributable to non-controlling interests (667) (884) (1,221) (1,853)
Comprehensive income attributable to Retail Opportunity Investments Corp. 11,257 12,597 19,394 26,297
Retail Opportunity Investments Partnership L.P.        
Revenues        
Rental revenue 79,630 77,218 158,629 152,255
Other income 2,410 1,007 2,707 2,443
Total revenues 82,040 78,225 161,336 154,698
Operating expenses        
Property operating 13,581 12,672 27,783 24,763
Property taxes 8,924 8,416 17,768 16,936
Depreciation and amortization 25,126 24,350 50,230 48,112
General and administrative expenses 5,776 5,702 11,096 10,942
Other expense 482 488 654 667
Total operating expenses 53,889 51,628 107,531 101,420
Operating income 28,151 26,597 53,805 53,278
Non-operating expenses        
Interest expense and other finance expenses (17,633) (14,283) (34,591) (28,498)
Net income $ 10,518 $ 12,314 $ 19,214 $ 24,780
Earnings per share/unit - basic (in dollars per share) $ 0.08 $ 0.09 $ 0.14 $ 0.19
Earnings per share/unit - diluted (in dollars per share) 0.08 0.09 0.14 0.19
Dividends per share/unit (in dollars per share) $ 0.15 $ 0.13 $ 0.30 $ 0.26
Comprehensive income:        
Net income $ 10,518 $ 12,314 $ 19,214 $ 24,780
Other comprehensive income:        
Unrealized swap derivative gain arising during the period 1,657 235 1,668 1,043
Reclassification adjustment for amortization of interest expense included in net income (251) 932 (267) 2,327
Other comprehensive income: 1,406 1,167 1,401 3,370
Comprehensive income $ 11,924 $ 13,481 $ 20,615 $ 28,150