XML 14 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues        
Base rents $ 45,652 $ 36,028 $ 89,500 $ 71,230
Recoveries from tenants 12,511 9,841 24,371 19,530
Other income 508 346 894 577
Total revenues 58,671 46,215 114,765 91,337
Operating expenses        
Property operating 8,210 6,854 15,708 13,779
Property taxes 6,053 4,686 11,708 9,418
Depreciation and amortization 21,821 16,874 42,754 34,508
General and administrative expenses 3,516 3,654 6,835 6,295
Acquisition transaction costs 298 245 434 416
Other expense 217 104 371 253
Total operating expenses 40,115 32,417 77,810 64,669
Operating income 18,556 13,798 36,955 26,668
Non-operating expenses        
Interest expense and other finance expenses (9,918) (8,387) (19,392) (16,881)
Net income 8,638 5,411 17,563 9,787
Net income attributable to non-controlling interests (934) (210) (1,832) (386)
Net Income Attributable to Retail Opportunity Investments Corp. $ 7,704 $ 5,201 $ 15,731 $ 9,401
Basic and diluted per share (in dollars per share) $ 0.08 $ 0.05 $ 0.16 $ 0.10
Dividends per share/unit (in dollars per share) $ 0.18 $ 0.17 $ 0.36 $ 0.34
Comprehensive income:        
Net income $ 8,638 $ 5,411 $ 17,563 $ 9,787
Other comprehensive income        
Unrealized swap derivative loss arising during the period (521)   (818)  
Reclassification adjustment for amortization of interest expense included in net income 640 535 1,233 1,069
Other comprehensive income 119 535 415 1,069
Comprehensive income 8,757 5,946 17,978 10,856
Comprehensive income attributable to non-controlling interests (934) (210) (1,832) (386)
Comprehensive income attributable to Retail Opportunity Investments Corp. 7,823 5,736 16,146 10,470
Retail Opportunity Investments Partnership L.P.        
Revenues        
Base rents 45,652 36,028 89,500 71,230
Recoveries from tenants 12,511 9,841 24,371 19,530
Other income 508 346 894 577
Total revenues 58,671 46,215 114,765 91,337
Operating expenses        
Property operating 8,210 6,854 15,708 13,779
Property taxes 6,053 4,686 11,708 9,418
Depreciation and amortization 21,821 16,874 42,754 34,508
General and administrative expenses 3,516 3,654 6,835 6,295
Acquisition transaction costs 298 245 434 416
Other expense 217 104 371 253
Total operating expenses 40,115 32,417 77,810 64,669
Operating income 18,556 13,798 36,955 26,668
Non-operating expenses        
Interest expense and other finance expenses (9,918) (8,387) (19,392) (16,881)
Net income $ 8,638 $ 5,411 $ 17,563 $ 9,787
Basic and diluted per share (in dollars per share) $ 0.08 $ 0.05 $ 0.16 $ 0.10
Dividends per share/unit (in dollars per share) $ 0.18 $ 0.17 $ 0.36 $ 0.34
Comprehensive income:        
Net income $ 8,638 $ 5,411 $ 17,563 $ 9,787
Other comprehensive income        
Unrealized swap derivative loss arising during the period (521) 0 (818) 0
Reclassification adjustment for amortization of interest expense included in net income 640 535 1,233 1,069
Other comprehensive income 119 535 415 1,069
Comprehensive income $ 8,757 $ 5,946 $ 17,978 $ 10,856