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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Rental revenue $ 84,560 $ 78,999
Other income 770 297
Total revenues 85,330 79,296
Operating expenses    
Property operating 14,083 14,202
Property taxes 8,560 8,844
Depreciation and amortization 26,269 25,104
General and administrative expenses 5,682 5,320
Other expense 152 172
Total operating expenses 54,746 53,642
Operating income 30,584 25,654
Non-operating expenses    
Interest expense and other finance expenses (18,919) (16,958)
Net income 11,665 8,696
Net income attributable to non-controlling interests (647) (554)
Net Income Attributable to Retail Opportunity Investments Corp. $ 11,018 $ 8,142
Earnings per share/unit - basic (in dollars per share) $ 0.09 $ 0.06
Earnings per share/unit - diluted (in dollars per share) 0.09 0.06
Dividends per share/unit (in dollars per share) $ 0.15 $ 0.15
Comprehensive income:    
Net income $ 11,665 $ 8,696
Other comprehensive loss:    
Unrealized swap derivative gain arising during the period 343 11
Reclassification adjustment for amortization of interest expense included in net income (383) (16)
Other comprehensive loss: (40) (5)
Comprehensive income 11,625 8,691
Comprehensive income attributable to non-controlling interests (645) (554)
Comprehensive income attributable to Retail Opportunity Investments Corp. 10,980 8,137
Retail Opportunity Investments Partnership L.P.    
Revenues    
Rental revenue 84,560 78,999
Other income 770 297
Total revenues 85,330 79,296
Operating expenses    
Property operating 14,083 14,202
Property taxes 8,560 8,844
Depreciation and amortization 26,269 25,104
General and administrative expenses 5,682 5,320
Other expense 152 172
Total operating expenses 54,746 53,642
Operating income 30,584 25,654
Non-operating expenses    
Interest expense and other finance expenses (18,919) (16,958)
Net income $ 11,665 $ 8,696
Earnings per share/unit - basic (in dollars per share) $ 0.09 $ 0.06
Earnings per share/unit - diluted (in dollars per share) 0.09 0.06
Dividends per share/unit (in dollars per share) $ 0.15 $ 0.15
Comprehensive income:    
Net income $ 11,665 $ 8,696
Other comprehensive loss:    
Unrealized swap derivative gain arising during the period 343 11
Reclassification adjustment for amortization of interest expense included in net income (383) (16)
Other comprehensive loss: (40) (5)
Comprehensive income $ 11,625 $ 8,691