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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 17,563 $ 9,787
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 42,754 34,508
Amortization of deferred financing costs and mortgage premiums, net 1,036 (18)
Straight-line rent adjustment (2,058) (2,776)
Amortization of above and below market rent (8,576) (4,713)
Amortization relating to stock based compensation 2,568 2,185
Provisions for tenant credit losses 1,449 1,228
Other noncash interest expense 1,070 1,069
Change in operating assets and liabilities:    
Restricted cash 70 71
Tenant and other receivables (1,219) 1,064
Prepaid expenses 1,011 1,555
Accounts payable and accrued expenses (965) (1,258)
Other assets and liabilities, net 2,135 323
Net cash provided by operating activities 56,838 43,025
CASH FLOWS FROM INVESTING ACTIVITIES    
Investments in real estate (183,105) (122,370)
Improvements to properties (19,534) (11,960)
Deposits on real estate acquisitions (1,500) 1,000
Construction escrows and other 35 (332)
Net cash used in investing activities (204,104) (133,662)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal repayments on mortgages (7,448) (16,888)
Proceeds from draws on credit facility 229,500 165,500
Payments on credit facility (31,500) (36,000)
Proceeds on repayment of promissory note receivable 6,710 0
Redemption of OP Units (38,820) 0
Distributions to OP Unitholders (4,137) (1,308)
Deferred financing and other costs 14 (204)
Proceeds from the sale of common stock 39,964 9,936
Registration expenditures (626) (325)
Dividends paid to common stockholders (36,349) (31,999)
Repurchase of common stock (1,351) (1,307)
Net cash provided by financing activities 155,957 87,405
Net increase (decrease) in cash and cash equivalents 8,691 (3,232)
Cash and cash equivalents at beginning of period 8,844 10,773
Cash and cash equivalents at end of period 17,535 7,541
Other non-cash investing and financing activities:    
Issuance of OP Units in connection with acquisitions 46,140 0
Fair value of assumed mortgages upon acquisition 17,618 0
Intangible lease liabilities 12,537 11,442
Interest rate swap liabilities 655 0
Accrued real estate improvement costs 3,267 245
OP Unit redemption 4,730 2,731
Retail Opportunity Investments Partnership L.P.    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income 17,563 9,787
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 42,754 34,508
Amortization of deferred financing costs and mortgage premiums, net 1,036 (18)
Straight-line rent adjustment (2,058) (2,776)
Amortization of above and below market rent (8,576) (4,713)
Amortization relating to stock based compensation 2,568 2,185
Provisions for tenant credit losses 1,449 1,228
Other noncash interest expense 1,070 1,069
Change in operating assets and liabilities:    
Restricted cash 70 71
Tenant and other receivables (1,219) 1,064
Prepaid expenses 1,011 1,555
Accounts payable and accrued expenses (965) (1,258)
Other assets and liabilities, net 2,135 323
Net cash provided by operating activities 56,838 43,025
CASH FLOWS FROM INVESTING ACTIVITIES    
Investments in real estate (183,105) (122,370)
Improvements to properties (19,534) (11,960)
Deposits on real estate acquisitions (1,500) 1,000
Construction escrows and other 35 (332)
Net cash used in investing activities (204,104) (133,662)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal repayments on mortgages (7,448) (16,888)
Proceeds from draws on credit facility 229,500 165,500
Payments on credit facility (31,500) (36,000)
Proceeds on repayment of promissory note receivable 6,710 0
Redemption of OP Units (38,820) 0
Deferred financing and other costs 14 (204)
Proceeds from the sale of common stock 39,964 9,936
Registration expenditures (626) (325)
Dividends paid to common stockholders (40,486) (33,307)
Repurchase of common stock (1,351) (1,307)
Net cash provided by financing activities 155,957 87,405
Net increase (decrease) in cash and cash equivalents 8,691 (3,232)
Cash and cash equivalents at beginning of period 8,844 10,773
Cash and cash equivalents at end of period 17,535  
Other non-cash investing and financing activities:    
Issuance of OP Units in connection with acquisitions 46,140 0
Fair value of assumed mortgages upon acquisition 17,618 0
Intangible lease liabilities 12,537 11,442
Interest rate swap liabilities 655 0
Accrued real estate improvement costs 3,267 245
OP Unit redemption $ 4,730 $ 2,731