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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 30,575 $ 25,778
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 71,330 65,856
Amortization of deferred financing costs and mortgage premiums, net 1,614 1,558
Straight-line rent adjustment (3,871) (3,312)
Amortization of above and below market rent (13,737) (10,769)
Amortization relating to stock based compensation 4,535 3,650
Provisions for tenant credit losses 1,612 1,578
Other noncash interest expense 1,604 1,604
Change in operating assets and liabilities:    
Restricted cash 125 31
Tenant and other receivables (1,352) (713)
Prepaid expenses 2,378 1,127
Accounts payable and accrued expenses 10,725 12,270
Other assets and liabilities, net (2,204) (149)
Net cash provided by operating activities 103,334 98,509
CASH FLOWS FROM INVESTING ACTIVITIES    
Investments in real estate (198,823) (207,980)
Improvements to properties (39,466) (31,920)
Deposits on real estate acquisitions (5,550) (4,000)
Construction escrows and other 0 35
Net cash used in investing activities (243,839) (243,865)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal repayments on mortgages (8,642) (7,630)
Proceeds from draws on credit facility 246,000 242,500
Payments on credit facility (27,000) (370,000)
Proceeds from issuance of Senior Notes Due 2026 0 200,000
Proceeds on repayment of promissory note receivable 0 6,710
Redemption of OP Units (150) (38,820)
Distributions to OP Unitholders (6,539) (6,262)
Deferred financing and other costs (2,466) (71)
Common shares issued under the 2009 Plan 0 184,881
Registration expenditures (365) (6,983)
Dividends paid to common stockholders (61,858) (55,998)
Issuance of Common stock/OP Units under the 2009 Plan 44 0
Repurchase of common stock/OP units (1,571) (1,368)
Net cash provided by financing activities 137,453 146,959
Net increase (decrease) in cash and cash equivalents (3,052) 1,603
Cash and cash equivalents at beginning of period 13,125 8,844
Cash and cash equivalents at end of period 10,073 10,447
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 21,871 26,631
Interest rate swap assets 1,504 0
Interest rate swap liabilities 0 145
Accrued real estate improvement costs 1,107 (726)
OP Unit redemption 3,202 12,982
Retail Opportunity Investments Partnership L.P.    
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income 30,575 25,778
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 71,330 65,856
Amortization of deferred financing costs and mortgage premiums, net 1,614 1,558
Straight-line rent adjustment (3,871) (3,312)
Amortization of above and below market rent (13,737) (10,769)
Amortization relating to stock based compensation 4,535 3,650
Provisions for tenant credit losses 1,612 1,578
Other noncash interest expense 1,604 1,604
Change in operating assets and liabilities:    
Restricted cash 125 31
Tenant and other receivables (1,352) (713)
Prepaid expenses 2,378 1,127
Accounts payable and accrued expenses 10,725 12,270
Other assets and liabilities, net (2,204) (149)
Net cash provided by operating activities 103,334 98,509
CASH FLOWS FROM INVESTING ACTIVITIES    
Investments in real estate (198,823) (207,980)
Improvements to properties (39,466) (31,920)
Deposits on real estate acquisitions (5,550) (4,000)
Construction escrows and other 0 35
Net cash used in investing activities (243,839) (243,865)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal repayments on mortgages (8,642) (7,630)
Proceeds from draws on credit facility 246,000 242,500
Payments on credit facility (27,000) (370,000)
Proceeds from issuance of Senior Notes Due 2026 0 200,000
Proceeds on repayment of promissory note receivable 0 6,710
Redemption of OP Units (150) (38,820)
Deferred financing and other costs (2,466) (71)
Common shares issued under the 2009 Plan 0 184,881
Registration expenditures (365) (6,983)
Dividends paid to common stockholders (68,397) (62,260)
Issuance of Common stock/OP Units under the 2009 Plan 44 0
Repurchase of common stock/OP units (1,571) (1,368)
Net cash provided by financing activities 137,453 146,959
Net increase (decrease) in cash and cash equivalents (3,052) 1,603
Cash and cash equivalents at beginning of period 13,125 8,844
Cash and cash equivalents at end of period 10,073 10,447
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 21,871 26,631
Interest rate swap assets 1,504 0
Interest rate swap liabilities 0 145
Accrued real estate improvement costs 1,107 (726)
OP Unit redemption $ 3,202 $ 12,982