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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 25,778 $ 17,624
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 65,856 52,567
Amortization of deferred financing costs and mortgage premiums, net 1,558 119
Straight-line rent adjustment (3,312) (3,847)
Amortization of above and below market rent (10,769) (7,346)
Amortization relating to stock based compensation 3,650 3,490
Provisions for tenant credit losses 1,578 1,574
Other noncash interest expense 1,604 1,604
Change in operating assets and liabilities:    
Restricted cash 31 205
Tenant and other receivables (713) (1,337)
Prepaid expenses 1,127 1,857
Accounts payable and accrued expenses 12,270 10,369
Other assets and liabilities, net (149) (2,284)
Net cash provided by operating activities 98,509 74,595
CASH FLOWS FROM INVESTING ACTIVITIES    
Investments in real estate (207,980) (235,786)
Improvements to properties (31,920) (19,278)
Deposits on real estate acquisitions (4,000) 3,500
Construction escrows and other 35 23
Net cash used in investing activities (243,865) (251,541)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal repayments on mortgages (7,630) (65,156)
Proceeds from mortgage loan 0 35,500
Proceeds from term loan 0 300,000
Proceeds from draws on credit facility 242,500 306,000
Payments on credit facility (370,000) (446,275)
Proceeds from issuance of Senior Notes Due 2026 200,000 0
Proceeds on repayment of promissory note receivable 6,710 0
Redemption of OP Units (38,820) 0
Distributions to OP Unitholders (6,262) (1,950)
Deferred financing and other costs (71) (1,766)
Proceeds from the sale of common stock 184,881 101,293
Registration expenditures (6,983) (4,286)
Dividends paid to common stockholders (55,998) (48,918)
Repurchase of common stock (1,368) (1,316)
Net cash provided by financing activities 146,959 173,126
Net increase (decrease) in cash and cash equivalents 1,603 (3,820)
Cash and cash equivalents at beginning of period 8,844 10,773
Cash and cash equivalents at end of period 10,447 6,953
Other non-cash investing and financing activities increase (decrease):    
Issuance of OP Units in connection with acquisitions 46,140 0
Fair value of assumed mortgages upon acquisition 17,618 0
Intangible lease liabilities 26,631 15,609
Interest rate swap liabilities 145 0
Accrued real estate improvement costs (726) 503
OP Unit redemption 12,982 2,731
Retail Opportunity Investments Partnership L.P.    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income 25,778 17,624
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 65,856 52,567
Amortization of deferred financing costs and mortgage premiums, net 1,558 119
Straight-line rent adjustment (3,312) (3,847)
Amortization of above and below market rent (10,769) (7,346)
Amortization relating to stock based compensation 3,650 3,490
Provisions for tenant credit losses 1,578 1,574
Other noncash interest expense 1,604 1,604
Change in operating assets and liabilities:    
Restricted cash 31 205
Tenant and other receivables (713) (1,337)
Prepaid expenses 1,127 1,857
Accounts payable and accrued expenses 12,270 10,369
Other assets and liabilities, net (149) (2,284)
Net cash provided by operating activities 98,509 74,595
CASH FLOWS FROM INVESTING ACTIVITIES    
Investments in real estate (207,980) (235,786)
Improvements to properties (31,920) (19,278)
Deposits on real estate acquisitions (4,000) 3,500
Construction escrows and other 35 23
Net cash used in investing activities (243,865) (251,541)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal repayments on mortgages (7,630) (65,156)
Proceeds from mortgage loan 0 35,500
Proceeds from term loan 0 300,000
Proceeds from draws on credit facility 242,500 306,000
Payments on credit facility (370,000) (446,275)
Proceeds from issuance of Senior Notes Due 2026 200,000 0
Proceeds on repayment of promissory note receivable 6,710 0
Redemption of OP Units (38,820) 0
Deferred financing and other costs (71) (1,766)
Proceeds from the sale of common stock 184,881 101,293
Registration expenditures (6,983) (4,286)
Dividends paid to common stockholders (62,260) (50,868)
Repurchase of common stock (1,368) (1,316)
Net cash provided by financing activities 146,959 173,126
Net increase (decrease) in cash and cash equivalents 1,603 (3,820)
Cash and cash equivalents at beginning of period 8,844 10,773
Cash and cash equivalents at end of period 10,447 6,953
Other non-cash investing and financing activities increase (decrease):    
Issuance of OP Units in connection with acquisitions 46,140 0
Fair value of assumed mortgages upon acquisition 17,618 0
Intangible lease liabilities 26,631 15,609
Interest rate swap liabilities 145 0
Accrued real estate improvement costs (726) 503
OP Unit redemption $ 12,982 $ 2,731