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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues        
Base rents $ 52,871 $ 45,429 $ 154,878 $ 134,929
Recoveries from tenants 14,210 13,271 43,100 37,642
Other income 885 654 2,528 1,548
Total revenues 67,966 59,354 200,506 174,119
Operating expenses        
Property operating 9,702 8,053 28,630 23,761
Property taxes 7,086 6,594 21,801 18,302
Depreciation and amortization 24,627 23,102 71,330 65,856
General and administrative expenses 3,475 3,220 10,790 10,055
Acquisition transaction costs 0 179 4 613
Other expense / (income) 41 (10) 316 361
Total operating expenses 44,931 41,138 132,871 118,948
Operating income 23,035 18,216 67,635 55,171
Non-operating expenses        
Interest expense and other finance expenses (12,908) (10,001) (37,060) (29,393)
Net income 10,127 8,215 30,575 25,778
Net income attributable to non-controlling interests (978) (813) (2,947) (2,645)
Net Income Attributable to Retail Opportunity Investments Corp. $ 9,149 $ 7,402 $ 27,628 $ 23,133
Earnings per share - Basic and diluted per share/unit (in dollars per share) $ 0.08 $ 0.07 $ 0.25 $ 0.22
Dividends per share/unit (in dollars per share) $ 0.1875 $ 0.18 $ 0.5625 $ 0.54
Comprehensive income:        
Net income $ 10,127 $ 8,215 $ 30,575 $ 25,778
Other comprehensive income        
Unrealized swap derivative gain (loss) arising during the period 1,520 416 1,617 (402)
Reclassification adjustment for amortization of interest expense included in net income 439 628 1,491 1,861
Other comprehensive income 1,959 1,044 3,108 1,459
Comprehensive income 12,086 9,259 33,683 27,237
Comprehensive income attributable to non-controlling interests (978) (813) (2,947) (2,645)
Comprehensive income attributable to Retail Opportunity Investments Corp. 11,108 8,446 30,736 24,592
Retail Opportunity Investments Partnership L.P.        
Revenues        
Base rents 52,871 45,429 154,878 134,929
Recoveries from tenants 14,210 13,271 43,100 37,642
Other income 885 654 2,528 1,548
Total revenues 67,966 59,354 200,506 174,119
Operating expenses        
Property operating 9,702 8,053 28,630 23,761
Property taxes 7,086 6,594 21,801 18,302
Depreciation and amortization 24,627 23,102 71,330 65,856
General and administrative expenses 3,475 3,220 10,790 10,055
Acquisition transaction costs 0 179 4 613
Other expense / (income) 41 (10) 316 361
Total operating expenses 44,931 41,138 132,871 118,948
Operating income 23,035 18,216 67,635 55,171
Non-operating expenses        
Interest expense and other finance expenses (12,908) (10,001) (37,060) (29,393)
Net income $ 10,127 $ 8,215 $ 30,575 $ 25,778
Earnings per share - Basic and diluted per share/unit (in dollars per share) $ 0.08 $ 0.07 $ 0.25 $ 0.22
Dividends per share/unit (in dollars per share) $ 0.1875 $ 0.18 $ 0.5625 $ 0.54
Comprehensive income:        
Net income $ 10,127 $ 8,215 $ 30,575 $ 25,778
Other comprehensive income        
Unrealized swap derivative gain (loss) arising during the period 1,520 416 1,617 (402)
Reclassification adjustment for amortization of interest expense included in net income 439 628 1,491 1,861
Other comprehensive income 1,959 1,044 3,108 1,459
Comprehensive income $ 12,086 $ 9,259 $ 33,683 $ 27,237