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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Rental revenue $ 319,056 $ 308,960 $ 280,924
Other income 8,676 3,969 3,176
Total revenues 327,732 312,929 284,100
Operating expenses      
Property operating 55,166 51,057 44,439
Property taxes 35,433 34,651 33,663
Depreciation and amortization 104,227 97,494 92,929
General and administrative expenses 21,854 21,735 19,654
Other expense 1,209 960 860
Total operating expenses 217,889 205,897 191,545
Gain on sale of real estate 0 7,653 22,340
Operating income 109,843 114,685 114,895
Non-operating expenses      
Interest expense and other finance expenses (73,189) (59,225) (57,535)
Net income 36,654 55,460 57,360
Net income attributable to non-controlling interests (2,120) (3,591) (3,852)
Net Income Attributable to Retail Opportunity Investments Corp. $ 34,534 $ 51,869 $ 53,508
Earnings per share/unit - basic (in dollars per share) $ 0.27 $ 0.42 $ 0.44
Earnings per share/unit - diluted (in dollars per share) 0.27 0.42 0.44
Dividends per share (in dollars per share) $ 0.60 $ 0.56 $ 0.51
Comprehensive income:      
Net income $ 36,654 $ 55,460 $ 57,360
Other comprehensive income:      
Unrealized swap derivative gain arising during the period 1,582 1,104 216
Reclassification adjustment for amortization to interest expense included in net income (1,005) 2,286 5,894
Other comprehensive income (loss) 577 3,390 6,110
Comprehensive income 37,231 58,850 63,470
Comprehensive income attributable to non-controlling interests (2,152) (3,813) (4,304)
Comprehensive income attributable to Retail Opportunity Investments Corp. 35,079 55,037 59,166
Retail Opportunity Investments Partnership L.P.      
Revenues      
Rental revenue 319,056 308,960 280,924
Other income 8,676 3,969 3,176
Total revenues 327,732 312,929 284,100
Operating expenses      
Property operating 55,166 51,057 44,439
Property taxes 35,433 34,651 33,663
Depreciation and amortization 104,227 97,494 92,929
General and administrative expenses 21,854 21,735 19,654
Other expense 1,209 960 860
Total operating expenses 217,889 205,897 191,545
Gain on sale of real estate 0 7,653 22,340
Operating income 109,843 114,685 114,895
Non-operating expenses      
Interest expense and other finance expenses (73,189) (59,225) (57,535)
Net income $ 36,654 $ 55,460 $ 57,360
Earnings per share/unit - basic (in dollars per share) $ 0.27 $ 0.42 $ 0.44
Earnings per share/unit - diluted (in dollars per share) 0.27 0.42 0.44
Dividends per share (in dollars per share) $ 0.60 $ 0.56 $ 0.51
Comprehensive income:      
Net income $ 36,654 $ 55,460 $ 57,360
Other comprehensive income:      
Unrealized swap derivative gain arising during the period 1,582 1,104 216
Reclassification adjustment for amortization to interest expense included in net income (1,005) 2,286 5,894
Other comprehensive income (loss) 577 3,390 6,110
Comprehensive income $ 37,231 $ 58,850 $ 63,470