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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues        
Base rents $ 50,528 $ 45,652 $ 102,007 $ 89,500
Recoveries from tenants 15,222 12,511 28,890 24,371
Other income 890 508 1,643 894
Total revenues 66,640 58,671 132,540 114,765
Operating expenses        
Property operating 9,628 8,210 18,928 15,708
Property taxes 7,647 6,053 14,715 11,708
Depreciation and amortization 23,645 21,821 46,703 42,754
General and administrative expenses 3,817 3,516 7,316 6,835
Acquisition transaction costs 4 298 4 434
Other expense 225 217 274 371
Total operating expenses 44,966 40,115 87,940 77,810
Operating income 21,674 18,556 44,600 36,955
Non-operating expenses        
Interest expense and other finance expenses (12,477) (9,918) (24,152) (19,392)
Net income 9,197 8,638 20,448 17,563
Net income attributable to non-controlling interests (888) (934) (1,969) (1,832)
Net Income Attributable to Retail Opportunity Investments Corp. $ 8,309 $ 7,704 $ 18,479 $ 15,731
Earnings per share - Basic and diluted per share/unit (in dollars per share) $ 0.08 $ 0.08 $ 0.17 $ 0.16
Dividends per share/unit (in dollars per share) $ 0.1875 $ 0.18 $ 0.375 $ 0.36
Comprehensive income:        
Net income $ 9,197 $ 8,638 $ 20,448 $ 17,563
Other comprehensive income        
Unrealized swap derivative gain (loss) arising during the period (64) (521) 97 (818)
Reclassification adjustment for amortization of interest expense included in net income 497 640 1,052 1,233
Other comprehensive income 433 119 1,149 415
Comprehensive income 9,630 8,757 21,597 17,978
Comprehensive income attributable to non-controlling interests (888) (934) (1,969) (1,832)
Comprehensive income attributable to Retail Opportunity Investments Corp. 8,742 7,823 19,628 16,146
Retail Opportunity Investments Partnership L.P.        
Revenues        
Base rents 50,528 45,652 102,007 89,500
Recoveries from tenants 15,222 12,511 28,890 24,371
Other income 890 508 1,643 894
Total revenues 66,640 58,671 132,540 114,765
Operating expenses        
Property operating 9,628 8,210 18,928 15,708
Property taxes 7,647 6,053 14,715 11,708
Depreciation and amortization 23,645 21,821 46,703 42,754
General and administrative expenses 3,817 3,516 7,316 6,835
Acquisition transaction costs 4 298 4 434
Other expense 225 217 274 371
Total operating expenses 44,966 40,115 87,940 77,810
Operating income 21,674 18,556 44,600 36,955
Non-operating expenses        
Interest expense and other finance expenses (12,477) (9,918) (24,152) (19,392)
Net income $ 9,197 $ 8,638 $ 20,448 $ 17,563
Earnings per share - Basic and diluted per share/unit (in dollars per share) $ 0.08 $ 0.08 $ 0.17 $ 0.16
Dividends per share/unit (in dollars per share) $ 0.1875 $ 0.18 $ 0.375 $ 0.36
Comprehensive income:        
Net income $ 9,197 $ 8,638 $ 20,448 $ 17,563
Other comprehensive income        
Unrealized swap derivative gain (loss) arising during the period (64) (521) 97 (818)
Reclassification adjustment for amortization of interest expense included in net income 497 640 1,052 1,233
Other comprehensive income 433 119 1,149 415
Comprehensive income $ 9,630 $ 8,757 $ 21,597 $ 17,978