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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Increase (Decrease) in Restricted Cash and Investments $ 3,800 $ 0 $ 0
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income 42,688 36,430 25,092
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 96,256 88,359 70,957
Amortization of deferred financing costs and mortgage premiums, net 2,026 2,088 662
Straight-line rent adjustment (6,176) (4,560) (5,013)
Amortization of above and below market rent (17,078) (13,847) (9,890)
Amortization relating to stock based compensation 6,190 4,916 4,684
Provisions for tenant credit losses 1,191 1,805 1,984
Other noncash interest expense 2,139 2,139 2,139
Change in operating assets and liabilities:      
Restricted cash (643) 66 264
Tenant and other receivables (2,452) (4,412) (2,599)
Prepaid expenses 464 (1,363) 501
Accounts payable and accrued expenses 456 4,417 512
Other assets and liabilities, net 3,234 (1,356) (2,376)
Net cash provided by operating activities 128,295 114,682 86,917
CASH FLOWS FROM INVESTING ACTIVITIES      
Investments in real estate (263,366) (284,867) (313,623)
Increase in restricted cash (844) 35 23
Improvements to properties (54,097) (40,758) (27,515)
Deposits on real estate acquisitions, net (500) 500 4,000
Net cash used in investing activities (322,607) (325,090) (337,115)
CASH FLOWS FROM FINANCING ACTIVITIES      
Principal repayments on mortgages (8,848) (7,816) (84,308)
Proceeds from new mortgage loan 0 0 35,500
Proceeds from term loan 0 0 300,000
Proceeds from draws on credit facility 327,500 332,500 430,000
Payments on credit facility (282,000) (370,000) (451,000)
Issuance of promissory note receivable 0 0 (6,710)
Proceeds on repayment of promissory note receivable 0 6,710 0
Redemption of OP Units (150) (38,820) 0
Distributions to OP Unitholders (8,729) (8,363) (2,764)
Deferred financing and other costs (3,845) (266) (1,849)
Proceeds from the issuance of OP Units in connection with issuance of common stock 4,481 184,881 101,293
Registration expenditures (1,225) (7,097) (4,739)
Dividends paid to common shareholders (82,917) (75,672) (65,837)
Shares withheld for employee taxes (1,571) (1,368) (1,317)
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options 44 0 0
Net cash provided by financing activities 192,740 214,689 248,269
Net (decrease) increase in cash and cash equivalents (1,572) 4,281 (1,929)
Cash and cash equivalents at beginning of period 13,125 8,844 10,773
Cash and cash equivalents at end of period 11,553 13,125 8,844
Supplemental disclosure of cash activities:      
Cash paid on gross receipts and income for federal and state purposes 253 206 241
Interest paid 46,271 34,275 31,996
Other non-cash investing and financing activities:      
Issuance of OP Units in connection with acquisitions 49,599 46,140 150,315
Fair value of assumed mortgages upon acquisition 46,034 17,618 19,024
Intangible lease liabilities 45,456 32,615 37,480
Interest rate swap asset 3,446 875 0
Accrued real estate improvement costs 383 601 590
Equity redemption of OP Units 50,155 15,990 3,184
Retail Opportunity Investments Partnership L.P.      
Increase (Decrease) in Restricted Cash and Investments 3,800 0 0
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income 42,688 36,430 25,092
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 96,256 88,359 70,957
Amortization of deferred financing costs and mortgage premiums, net 2,026 2,088 662
Straight-line rent adjustment (6,176) (4,560) (5,013)
Amortization of above and below market rent (17,078) (13,847) (9,890)
Amortization relating to stock based compensation 6,190 4,916 4,684
Provisions for tenant credit losses 1,191 1,805 1,984
Other noncash interest expense 2,139 2,139 2,139
Change in operating assets and liabilities:      
Restricted cash (643) 66 264
Tenant and other receivables (2,452) (4,412) (2,599)
Prepaid expenses 464 (1,363) 501
Accounts payable and accrued expenses 456 4,417 512
Other assets and liabilities, net 3,234 (1,356) (2,376)
Net cash provided by operating activities 128,295 114,682 86,917
CASH FLOWS FROM INVESTING ACTIVITIES      
Investments in real estate (263,366) (284,867) (313,623)
Increase in restricted cash (844) 35 23
Improvements to properties (54,097) (40,758) (27,515)
Deposits on real estate acquisitions, net (500) 500 4,000
Net cash used in investing activities (322,607) (325,090) (337,115)
CASH FLOWS FROM FINANCING ACTIVITIES      
Principal repayments on mortgages (8,848) (7,816) (84,308)
Proceeds from new mortgage loan 0 0 35,500
Proceeds from term loan 0 0 300,000
Proceeds from draws on credit facility 327,500 332,500 430,000
Payments on credit facility (282,000) (370,000) (451,000)
Issuance of promissory note receivable 0 0 (6,710)
Proceeds on repayment of promissory note receivable 0 6,710 0
Redemption of OP Units (150) (38,820) 0
Distributions to OP Unitholders (91,646) (84,035) (68,601)
Deferred financing and other costs (3,845) (266) (1,849)
Proceeds from the issuance of OP Units in connection with issuance of common stock 4,481 184,881 101,293
Registration expenditures (1,225) (7,097) (4,739)
Shares withheld for employee taxes (1,571) (1,368) (1,317)
Net cash provided by financing activities 192,740 214,689 248,269
Net (decrease) increase in cash and cash equivalents (1,572) 4,281 (1,929)
Cash and cash equivalents at beginning of period 13,125 8,844 10,773
Cash and cash equivalents at end of period 11,553 13,125 8,844
Supplemental disclosure of cash activities:      
Cash paid on gross receipts and income for federal and state purposes 253 206 241
Interest paid 46,271 34,275 31,996
Other non-cash investing and financing activities:      
Issuance of OP Units in connection with acquisitions 49,599 46,140 150,315
Fair value of assumed mortgages upon acquisition 46,034 17,618 19,024
Intangible lease liabilities 45,456 32,615 37,480
Interest rate swap asset 3,446 875 0
Accrued real estate improvement costs 383 601 590
Equity redemption of OP Units 50,155 15,990 3,184
Senior Notes Due 2027      
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from issuance of senior notes 250,000 0 0
Senior Notes Due 2026      
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from issuance of senior notes 0 200,000 0
Senior Notes | Senior Notes Due 2027 | Retail Opportunity Investments Partnership L.P.      
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from issuance of senior notes 250,000 0 0
Senior Notes | Senior Notes Due 2026 | Retail Opportunity Investments Partnership L.P.      
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from issuance of senior notes $ 0 $ 200,000 $ 0