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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 20,448 $ 17,563
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 46,703 42,754
Amortization of deferred financing costs and mortgage premiums, net 1,067 1,036
Straight-line rent adjustment (2,340) (2,058)
Amortization of above and below market rent (9,319) (8,576)
Amortization relating to stock based compensation 2,873 2,568
Provisions for tenant credit losses 979 1,449
Other noncash interest expense 1,070 1,070
Change in operating assets and liabilities:    
Restricted cash 58 70
Tenant and other receivables 535 (1,219)
Prepaid expenses 2,150 1,011
Accounts payable and accrued expenses (1,393) (965)
Other assets and liabilities, net 977 2,135
Net cash provided by operating activities 63,808 56,838
CASH FLOWS FROM INVESTING ACTIVITIES    
Investments in real estate (168,672) (183,105)
Improvements to properties (18,760) (19,534)
Deposits on real estate acquisitions (5,000) (1,500)
Construction escrows and other 67 35
Net cash used in investing activities (192,365) (204,104)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal repayments on mortgages (8,498) (7,448)
Proceeds from draws on credit facility 193,000 229,500
Payments on credit facility (10,000) (31,500)
Proceeds on repayment of promissory note receivable 0 6,710
Redemption of OP Units (150) (38,820)
Distributions to OP Unitholders (4,349) (4,137)
Deferred financing and other costs (3) 14
Common shares issued under the 2009 Plan 0 39,964
Registration expenditures (348) (626)
Dividends paid to common stockholders (41,284) (36,349)
Dividends paid to common stockholders 43 0
Repurchase of common stock (1,571) (1,351)
Net cash provided by financing activities 126,840 155,957
Net increase in cash and cash equivalents (1,717) 8,691
Cash and cash equivalents at beginning of period 13,125 8,844
Cash and cash equivalents at end of period 11,408 17,535
Other non-cash investing and financing activities:    
Issuance of OP Units in connection with acquisitions 3,559 46,140
Fair value of assumed mortgages upon acquisition 0 17,618
Intangible lease liabilities 14,355 12,537
Interest rate swap assets 80 0
Interest rate swap liabilities 0 655
Accrued real estate improvement costs 2,822 3,267
OP Unit redemption 3,202 4,730
Retail Opportunity Investments Partnership L.P.    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income 20,448 17,563
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 46,703 42,754
Amortization of deferred financing costs and mortgage premiums, net 1,067 1,036
Straight-line rent adjustment (2,340) (2,058)
Amortization of above and below market rent (9,319) (8,576)
Amortization relating to stock based compensation 2,873 2,568
Provisions for tenant credit losses 979 1,449
Other noncash interest expense 1,070 1,070
Change in operating assets and liabilities:    
Restricted cash 58 70
Tenant and other receivables 535 (1,219)
Prepaid expenses 2,150 1,011
Accounts payable and accrued expenses (1,393) (965)
Other assets and liabilities, net 977 2,135
Net cash provided by operating activities 63,808 56,838
CASH FLOWS FROM INVESTING ACTIVITIES    
Investments in real estate (168,672) (183,105)
Improvements to properties (18,760) (19,534)
Deposits on real estate acquisitions (5,000) (1,500)
Construction escrows and other 67 35
Net cash used in investing activities (192,365) (204,104)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal repayments on mortgages (8,498) (7,448)
Proceeds from draws on credit facility 193,000 229,500
Payments on credit facility (10,000) (31,500)
Proceeds on repayment of promissory note receivable 0 6,710
Redemption of OP Units (150) (38,820)
Deferred financing and other costs (3) 14
Common shares issued under the 2009 Plan 0 39,964
Registration expenditures (348) (626)
Dividends paid to common stockholders (45,633) (40,486)
Dividends paid to common stockholders 43 0
Repurchase of common stock (1,571) (1,351)
Net cash provided by financing activities 126,840 155,957
Net increase in cash and cash equivalents (1,717) 8,691
Cash and cash equivalents at beginning of period 13,125 8,844
Cash and cash equivalents at end of period 11,408 17,535
Other non-cash investing and financing activities:    
Issuance of OP Units in connection with acquisitions 3,559 46,140
Fair value of assumed mortgages upon acquisition 0 17,618
Intangible lease liabilities 14,355 12,537
Interest rate swap assets 80 0
Interest rate swap liabilities 0 655
Accrued real estate improvement costs 2,822 3,267
OP Unit redemption $ 3,202 $ 4,730