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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues        
Base rents $ 45,429 $ 37,654 $ 134,929 $ 108,884
Recoveries from tenants 13,271 10,279 37,642 29,809
Other income 654 2,144 1,548 2,721
Total revenues 59,354 50,077 174,119 141,414
Operating expenses        
Property operating 8,053 7,285 23,761 21,064
Property taxes 6,594 4,933 18,302 14,351
Depreciation and amortization 23,102 18,059 65,856 52,567
General and administrative expenses 3,220 3,092 10,055 9,387
Acquisition transaction costs 179 91 613 507
Other (income) expense (10) 254 361 507
Total operating expenses 41,138 33,714 118,948 98,383
Operating income 18,216 16,363 55,171 43,031
Non-operating expenses        
Interest expense and other finance expenses (10,001) (8,526) (29,393) (25,407)
Net income 8,215 7,837 25,778 17,624
Net income attributable to non-controlling interests (813) (295) (2,645) (681)
Net Income Attributable to Retail Opportunity Investments Corp. $ 7,402 $ 7,542 $ 23,133 $ 16,943
Basic and diluted per share/unit (in dollars per share) $ 0.07 $ 0.08 $ 0.22 $ 0.18
Dividends per share/unit (in dollars per share) $ 0.18 $ 0.17 $ 0.54 $ 0.51
Comprehensive income:        
Net income $ 8,215 $ 7,837 $ 25,778 $ 17,624
Other comprehensive income        
Unrealized swap derivative gain (loss) arising during the period 416   (402)  
Reclassification adjustment for amortization of interest expense included in net income 628 535 1,861 1,604
Other comprehensive income 1,044 535 1,459 1,604
Comprehensive income 9,259 8,372 27,237 19,228
Comprehensive income attributable to non-controlling interests (813) (295) (2,645) (681)
Comprehensive income attributable to Retail Opportunity Investments Corp. 8,446 8,077 24,592 18,547
Retail Opportunity Investments Partnership L.P.        
Revenues        
Base rents 45,429 37,654 134,929 108,884
Recoveries from tenants 13,271 10,279 37,642 29,809
Other income 654 2,144 1,548 2,721
Total revenues 59,354 50,077 174,119 141,414
Operating expenses        
Property operating 8,053 7,285 23,761 21,064
Property taxes 6,594 4,933 18,302 14,351
Depreciation and amortization 23,102 18,059 65,856 52,567
General and administrative expenses 3,220 3,092 10,055 9,387
Acquisition transaction costs 179 91 613 507
Other (income) expense (10) 254 361 507
Total operating expenses 41,138 33,714 118,948 98,383
Operating income 18,216 16,363 55,171 43,031
Non-operating expenses        
Interest expense and other finance expenses (10,001) (8,526) (29,393) (25,407)
Net income $ 8,215 $ 7,837 $ 25,778 $ 17,624
Basic and diluted per share/unit (in dollars per share) $ 0.07 $ 0.08 $ 0.22 $ 0.18
Dividends per share/unit (in dollars per share) $ 0.18 $ 0.17 $ 0.54 $ 0.51
Comprehensive income:        
Net income $ 8,215 $ 7,837 $ 25,778 $ 17,624
Other comprehensive income        
Unrealized swap derivative gain (loss) arising during the period 416 0 (402) 0
Reclassification adjustment for amortization of interest expense included in net income 628 535 1,861 1,604
Other comprehensive income 1,044 535 1,459 1,604
Comprehensive income $ 9,259 $ 8,372 $ 27,237 $ 19,228