| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Increase (Decrease) in Restricted Cash and Investments | |||||||||
- | - | - | - | 0 | - | - | - | - | - |
CASH FLOWS FROM OPERATING ACTIVITIES | |||||||||
Net income | |||||||||
53,683 | 47,141 | 42,688 | 36,430 | 25,092 | 21,050 | 33,978 | 7,892 | 9,656 | -400 |
Adjustments to reconcile net income to cash provided by operating activities: | |||||||||
Adjustments to reconcile net income to cash provided by operating activities: | |||||||||
Depreciation and amortization | |||||||||
97,559 | 100,838 | 96,256 | 88,359 | 70,957 | 58,435 | 40,398 | 29,074 | 21,264 | 6,080 |
Amortization of deferred financing costs and mortgage premiums, net | |||||||||
2,076 | 1,899 | 2,026 | 2,088 | 662 | -432 | -144 | 494 | 156 | -220 |
Gain on consolidation of joint venture | |||||||||
- | - | - | - | - | - | 20,382 | 2,144 | - | - |
Gain on bargain purchase | |||||||||
- | - | - | - | - | - | - | 3,864 | 9,449 | 2,216 |
Straight-line rent adjustment | |||||||||
3,083 | 5,380 | 6,176 | 4,560 | 5,013 | 3,795 | 3,734 | 3,040 | 2,733 | 1,147 |
Amortization of above and below market rent | |||||||||
-15,600 | -14,000 | -17,100 | -13,847 | -9,890 | -6,945 | -4,444 | -3,659 | -3,165 | -922 |
Amortization relating to stock based compensation | |||||||||
8,567 | 7,392 | 6,190 | 4,916 | 4,684 | 3,662 | 2,856 | 3,393 | 2,185 | -930 |
Provisions for tenant credit losses | |||||||||
1,969 | 1,729 | 1,191 | 1,805 | 1,984 | 2,316 | 1,623 | 1,160 | 1,146 | -542 |
Equity in earnings from unconsolidated joint ventures | |||||||||
- | - | - | - | - | - | 2,390 | 1,697 | 1,458 | - |
Other noncash interest expense | |||||||||
524 | 1,674 | 2,139 | 2,139 | 2,139 | 1,848 | -792 | - | - | - |
Gain on sale of real estate | |||||||||
13,175 | 5,890 | 0 | 0 | - | 4,869 | - | - | - | - |
Equity earned in earnings from unconsolidated joint ventures | |||||||||
- | - | - | - | - | - | - | - | - | 548 |
Distribution of cumulative earnings from unconsolidated joint ventures | |||||||||
- | - | - | - | - | - | - | 686 | 1,513 | 390 |
Change in operating assets and liabilities: | |||||||||
Loss on sale of discontinued operations | |||||||||
- | - | - | - | - | - | -714 | - | - | - |
Settlement of interest rate swap agreements | |||||||||
- | - | - | - | - | 3,230 | 8,750 | - | - | - |
Change in operating assets and liabilities: | |||||||||
Restricted cash | |||||||||
- | - | - | - | -264 | -190 | -74 | 225 | 159 | 267 |
Tenant and other receivables | |||||||||
-543 | 57 | 2,452 | 4,412 | 2,599 | 1,605 | 4,820 | 3,679 | 3,252 | 1,451 |
Prepaid expenses | |||||||||
-962 | 1,344 | -464 | 1,363 | -501 | 1,106 | 105 | 573 | -125 | 651 |
Income taxes receivable | |||||||||
- | - | - | - | - | - | - | - | - | -1,236 |
Due to related party | |||||||||
- | - | - | - | - | - | - | - | - | 5 |
Accounts payable and accrued expenses | |||||||||
303 | -1,622 | 456 | 4,417 | 512 | -1,164 | 2,943 | -1,912 | 1,729 | -135 |
Other assets and liabilities, net | |||||||||
2,271 | 1,497 | -3,234 | 1,357 | 2,376 | -852 | 856 | -2,814 | 273 | -1,092 |
Net cash provided by operating activities | |||||||||
132,039 | 130,918 | 128,938 | 114,615 | 86,917 | 65,207 | 37,753 | 24,720 | 17,286 | 2,305 |
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||
Investments in real estate | |||||||||
11,601 | 44,195 | 263,366 | 284,867 | 313,623 | 398,205 | 289,399 | 255,851 | 206,999 | 210,720 |
Proceeds from sale of real estate | |||||||||
58,930 | 26,880 | 0 | 0 | - | - | - | - | - | - |
Increase in restricted cash | |||||||||
- | - | - | - | -23 | -594 | -328 | 244 | -1,766 | 2,570 |
Acquisition of entities | |||||||||
- | - | - | - | - | - | 43,378 | - | - | - |
Proceeds from sale of real estate | |||||||||
- | - | - | - | - | 27,622 | 5,608 | - | 159 | - |
Investments in mortgage notes receivables | |||||||||
- | - | - | - | - | - | 294 | - | 10,000 | - |
Investments in unconsolidated joint ventures | |||||||||
- | - | - | - | - | - | - | 735 | 19,663 | 16,741 |
Return of capital from unconsolidated joint ventures | |||||||||
- | - | - | - | - | - | - | 8,661 | 18,095 | - |
Proceeds from the repayment of mortgage notes | |||||||||
- | - | - | - | - | - | - | - | - | 9,170 |
Improvements to properties | |||||||||
35,177 | 39,240 | 54,097 | 40,758 | 27,515 | 26,142 | 19,067 | 11,404 | 8,014 | 1,465 |
Deposits on real estate acquisitions, net | |||||||||
0 | -500 | 500 | -500 | -4,000 | 3,725 | -1,225 | 2,000 | 500 | 1,500 |
Proceeds on repayment of mortgage note receivable | |||||||||
250 | 0 | 0 | - | - | - | - | - | - | - |
Net cash (used in) provided by investing activities | |||||||||
12,402 | -56,055 | -317,963 | -325,125 | -337,115 | -399,856 | -344,977 | -261,574 | -225,154 | -290,775 |
CASH FLOWS FROM FINANCING ACTIVITIES | |||||||||
Principal repayments on mortgages | |||||||||
551 | 19,612 | 8,848 | 7,816 | 84,308 | 21,982 | 14,902 | 7,874 | 12,276 | 131 |
Proceeds from new mortgage loan | |||||||||
- | - | - | - | 35,500 | 0 | - | - | - | - |
Proceeds from term loan | |||||||||
- | - | - | - | 300,000 | 0 | - | - | - | - |
Payments on term loan | |||||||||
- | - | - | - | - | 200,000 | - | - | - | - |
Proceeds from draws on credit facility | |||||||||
101,000 | 177,000 | 327,500 | 332,500 | 430,000 | 549,300 | 342,950 | 209,000 | 140,110 | - |
Payments on credit facility | |||||||||
173,000 | 164,500 | 282,000 | 370,000 | 451,000 | 449,750 | 405,000 | - | 30,110 | - |
Proceeds from issuance of Senior Notes | |||||||||
0 | 0 | 250,000 | 200,000 | - | - | - | - | - | - |
Payment of contingent consideration | |||||||||
- | - | - | - | - | - | 1,864 | - | - | - |
Proceeds from the issuance of OP Units upon exercise of warrants | |||||||||
- | - | - | - | - | 70,723 | 226,530 | 12 | - | - |
Payments to acquire warrants | |||||||||
- | - | - | - | - | - | 32,786 | - | - | - |
Issuance of promissory note receivable | |||||||||
- | - | - | - | 6,710 | 0 | - | - | - | 66,948 |
Proceeds on repayment of promissory note receivable | |||||||||
- | - | - | 6,710 | 0 | 0 | - | - | - | - |
Purchase of non-controlling interest | |||||||||
- | - | - | - | - | - | 2 | - | - | - |
Redemption of OP Units | |||||||||
5,043 | 3,713 | 150 | 38,820 | 0 | 3,280 | 2,190 | - | - | - |
Distributions to OP Unitholders | |||||||||
8,921 | 9,056 | 8,729 | 8,363 | 2,764 | 2,009 | 747 | - | - | - |
Deferred financing and other costs | |||||||||
2,804 | 0 | 3,845 | 266 | 1,849 | 3,188 | 4,098 | 2,792 | 2,481 | 2,367 |
Common shares issued under the 2009 Plan | |||||||||
34,162 | 25,703 | 4,481 | 184,881 | 101,293 | 214,906 | - | 37,811 | 82,600 | - |
Dividends paid to unitholders | |||||||||
8,921 | 9,056 | 8,729 | 8,363 | 2,764 | - | - | - | - | - |
Repurchase of common stock | |||||||||
- | - | - | - | - | 631 | 407 | 708 | 235 | 50 |
Proceeds from the issuance of common stock | |||||||||
34,162 | 25,703 | 4,481 | 184,881 | 101,293 | - | - | - | 82,600 | - |
Registration expenditures | |||||||||
478 | 570 | 1,225 | 7,097 | 4,739 | 9,513 | 69 | 1,162 | 3,806 | - |
Dividends paid to common shareholders | |||||||||
90,753 | 88,500 | 82,917 | 75,672 | 65,837 | 53,574 | 42,513 | 27,057 | 16,349 | 7,486 |
Common shares issued under the Equity Incentive Plan | |||||||||
1,942 | 269 | 44 | 0 | 0 | - | - | - | - | - |
Shares withheld for employee taxes | |||||||||
1,986 | 1,400 | 1,571 | 1,368 | 1,317 | - | - | - | - | - |
Contributions from consolidated joint venture minority interests, net | |||||||||
- | - | - | - | - | - | - | - | - | 2 |
Common shares issued under the 2009 Plan | |||||||||
- | - | - | - | - | - | - | 0 | 0 | 0 |
Retirement of options | |||||||||
- | - | - | - | - | - | 275 | - | - | - |
Repurchase of common stock | |||||||||
- | - | - | - | - | - | - | - | 235 | 50 |
Net cash provided by (used in) financing activities | |||||||||
-146,432 | -84,379 | 192,740 | 214,689 | 248,269 | 337,502 | 310,452 | 207,228 | 157,449 | -10,033 |
Net increase in cash, cash equivalents and restricted cash | |||||||||
-1,991 | -9,516 | 3,715 | 4,179 | -1,929 | 2,853 | 3,228 | -29,625 | -50,418 | -298,504 |
Cash paid on gross receipts and income for federal and state purposes | |||||||||
- | - | - | - | 241 | 331 | 242 | 310 | 85 | - |
Interest paid | |||||||||
- | - | - | - | 31,996 | 26,006 | 14,579 | 10,910 | 5,961 | - |
Issuance of OP Units in connection with acquisitions | |||||||||
- | - | - | - | 150,315 | 16,343 | 45,373 | - | - | - |
Intangible lease liabilities | |||||||||
- | - | - | - | 37,480 | 44,264 | - | - | - | - |
Fair value of assumed mortgages upon acquisition | |||||||||
- | - | - | - | 19,024 | 0 | - | - | - | - |
Transfer of equity investment in property to real estate investment | |||||||||
- | - | - | - | - | - | 15,991 | 4,008 | - | - |
Interest rate swap asset | |||||||||
- | - | - | - | 0 | -1,948 | 1,948 | - | - | - |
Redemption / exchange of OP Units | |||||||||
- | - | - | - | 3,184 | 0 | - | - | - | - |
Interest rate swap liabilities | |||||||||
- | - | - | - | - | -2,529 | 6,734 | 4,156 | 13,338 | - |
Accrued real estate improvement costs | |||||||||
- | - | - | - | 590 | 1,372 | 592 | 837 | 252 | - |
Retail Opportunity Investments Partnership L.P. | |||||||||
Net income | |||||||||
53,683 | 47,141 | 42,688 | 36,430 | - | - | - | - | - | - |
Depreciation and amortization | |||||||||
97,559 | 100,838 | 96,256 | 88,359 | - | - | - | - | - | - |
Amortization of deferred financing costs and mortgage premiums, net | |||||||||
2,076 | 1,899 | 2,026 | 2,088 | - | - | - | - | - | - |
Straight-line rent adjustment | |||||||||
3,083 | 5,380 | 6,176 | 4,560 | - | - | - | - | - | - |
Amortization of above and below market rent | |||||||||
-15,618 | -13,965 | -17,078 | -13,847 | - | - | - | - | - | - |
Amortization relating to stock based compensation | |||||||||
8,567 | 7,392 | 6,190 | 4,916 | - | - | - | - | - | - |
Provisions for tenant credit losses | |||||||||
1,969 | 1,729 | 1,191 | 1,805 | - | - | - | - | - | - |
Other noncash interest expense | |||||||||
524 | 1,674 | 2,139 | 2,139 | - | - | - | - | - | - |
Gain on sale of real estate | |||||||||
13,175 | 5,890 | 0 | 0 | - | - | - | - | - | - |
Tenant and other receivables | |||||||||
-543 | 57 | 2,452 | 4,412 | - | - | - | - | - | - |
Prepaid expenses | |||||||||
-962 | 1,344 | -464 | 1,363 | - | - | - | - | - | - |
Accounts payable and accrued expenses | |||||||||
303 | -1,622 | 456 | 4,417 | - | - | - | - | - | - |
Other assets and liabilities, net | |||||||||
2,271 | 1,497 | -3,234 | 1,357 | - | - | - | - | - | - |
Net cash provided by operating activities | |||||||||
132,039 | 130,918 | 128,938 | 114,615 | - | - | - | - | - | - |
Investments in real estate | |||||||||
11,601 | 44,195 | 263,366 | 284,867 | - | - | - | - | - | - |
Proceeds from sale of real estate | |||||||||
58,930 | 26,880 | 0 | 0 | - | - | - | - | - | - |
Improvements to properties | |||||||||
35,177 | 39,240 | 54,097 | 40,758 | - | - | - | - | - | - |
Deposits on real estate acquisitions, net | |||||||||
0 | -500 | 500 | -500 | - | - | - | - | - | - |
Proceeds on repayment of mortgage note receivable | |||||||||
250 | 0 | 0 | - | - | - | - | - | - | - |
Net cash (used in) provided by investing activities | |||||||||
12,402 | -56,055 | -317,963 | -325,125 | - | - | - | - | - | - |
Principal repayments on mortgages | |||||||||
551 | 19,612 | 8,848 | 7,816 | - | - | - | - | - | - |
Proceeds from draws on credit facility | |||||||||
101,000 | 177,000 | 327,500 | 332,500 | - | - | - | - | - | - |
Payments on credit facility | |||||||||
173,000 | 164,500 | 282,000 | 370,000 | - | - | - | - | - | - |
Proceeds from issuance of Senior Notes | |||||||||
0 | 0 | 250,000 | 200,000 | - | - | - | - | - | - |
Proceeds on repayment of promissory note receivable | |||||||||
- | - | - | 6,710 | - | - | - | - | - | - |
Redemption of OP Units | |||||||||
5,043 | 3,713 | 150 | 38,820 | - | - | - | - | - | - |
Distributions to OP Unitholders | |||||||||
99,674 | 97,556 | 91,646 | 84,035 | - | - | - | - | - | - |
Deferred financing and other costs | |||||||||
2,804 | 0 | 3,845 | 266 | - | - | - | - | - | - |
Proceeds from the issuance of common stock | |||||||||
34,162 | 25,703 | 4,481 | 184,881 | - | - | - | - | - | - |
Registration expenditures | |||||||||
478 | 570 | 1,225 | 7,097 | - | - | - | - | - | - |
Common shares issued under the Equity Incentive Plan | |||||||||
1,942 | 269 | 44 | - | - | - | - | - | - | - |
Shares withheld for employee taxes | |||||||||
1,986 | 1,400 | 1,571 | 1,368 | - | - | - | - | - | - |
Net cash provided by (used in) financing activities | |||||||||
-146,432 | -84,379 | 192,740 | 214,689 | - | - | - | - | - | - |
Net increase in cash, cash equivalents and restricted cash | |||||||||
-1,991 | -9,516 | 3,715 | 4,179 | - | - | - | - | - | - |