XML 18 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues      
Base rents $ 183,330 $ 148,622 $ 119,842
Recoveries from tenants 51,454 40,562 32,945
Other income 2,405 3,515 3,077
Total revenues 237,189 192,699 155,864
Operating expenses      
Property operating 32,201 28,475 25,036
Property taxes 25,058 19,690 15,953
Depreciation and amortization 88,359 70,957 58,435
General and administrative expenses 13,120 12,650 11,200
Acquisition transaction costs 824 965 961
Other expense 456 627 505
Total operating expenses 160,018 133,364 112,090
Operating income 77,171 59,335 43,774
Non-operating income (expenses)      
Interest expense and other finance expenses (40,741) (34,243) (27,593)
Gain on sale of real estate 0 0 4,869
Net income 36,430 25,092 21,050
Net income attributable to non-controlling interests (3,676) (1,228) (749)
Net Income Attributable to Retail Opportunity Investments Corp. $ 32,754 $ 23,864 $ 20,301
Earnings per share/unit - basic and diluted (in usd per share) $ 0.31 $ 0.25 $ 0.24
Dividends per common share or unit (in usd per share) $ 0.72 $ 0.68 $ 0.64
Comprehensive income:      
Net income $ 36,430 $ 25,092 $ 21,050
Unrealized swap derivative gain (loss) arising during the period 541 0 (3,132)
Reclassification adjustment for amortization of interest expense included in net income 2,473 2,139 3,219
Other comprehensive income 3,014 2,139 87
Comprehensive income 39,444 27,231 21,137
Comprehensive income attributable to non-controlling interests (3,676) (1,228) (749)
Comprehensive income attributable to Retail Opportunity Investments Corp 35,768 26,003 20,388
Retail Opportunity Investments Partnership L.P.      
Revenues      
Base rents 183,330 148,622 119,842
Recoveries from tenants 51,454 40,562 32,945
Other income 2,405 3,515 3,077
Total revenues 237,189 192,699 155,864
Operating expenses      
Property operating 32,201 28,475 25,036
Property taxes 25,058 19,690 15,953
Depreciation and amortization 88,359 70,957 58,435
General and administrative expenses 13,120 12,650 11,200
Acquisition transaction costs 824 965 961
Other expense 456 627 505
Total operating expenses 160,018 133,364 112,090
Operating income 77,171 59,335 43,774
Non-operating income (expenses)      
Interest expense and other finance expenses (40,741) (34,243) (27,593)
Gain on sale of real estate 0 0 4,869
Net income $ 36,430 $ 25,092 $ 21,050
Earnings per share/unit - basic and diluted (in usd per share) $ 0.31 $ 0.25 $ 0.24
Dividends per common share or unit (in usd per share) $ 0.72 $ 0.68 $ 0.64
Comprehensive income:      
Net income $ 36,430 $ 25,092 $ 21,050
Unrealized swap derivative gain (loss) arising during the period 541 0 (3,132)
Reclassification adjustment for amortization of interest expense included in net income 2,473 2,139 3,219
Other comprehensive income 3,014 2,139 87
Comprehensive income attributable to Retail Opportunity Investments Corp $ 39,444 $ 27,231 $ 21,137