RETAIL OPPORTUNITY INVESTMENTS CORP ROIC Income Statement

Retail opportunity investments corp (ROIC)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues
Rental revenue
290,093	291,263	292,495	293,730	293,430	289,601	330,591	310,434	289,441	269,382	203,279	195,837	190,961	183,330	174,667	166,892	157,268	148,622	141,496	135,400	127,507	119,842	113,227	102,356	94,382	86,195	76,681	71,191	65,226	59,218	55,875	51,148	45,741	39,581	30,065	21,944	0	0	0
Recoveries from tenants
-	-	-	-	-	-	-	-	-	-	56,912	55,973	53,262	51,454	48,395	45,403	42,733	40,562	38,617	36,481	35,020	32,945	31,084	28,271	25,365	22,497	19,173	17,186	15,125	13,483	12,704	12,016	10,988	9,789	7,779	5,669	0	0	0
Other income
3,766	3,777	4,084	4,315	4,026	6,197	5,903	5,912	5,982	3,878	3,385	3,154	2,772	2,405	2,342	3,832	3,670	3,515	3,044	2,055	2,109	3,077	3,445	3,209	3,029	1,916	1,383	0	0	-	0	-	-	-	-	-	-	-	-
Mortgage interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	624	828	806	1,107	1,106	1,106	1,346	1,156	1,908	2,088	0	0	0	-
Total revenues
293,859	295,040	296,579	298,045	297,456	295,798	293,394	287,456	281,755	273,260	263,576	254,964	246,995	237,189	225,404	216,127	203,671	192,699	183,157	173,936	164,636	155,864	147,757	134,049	123,197	111,232	99,035	90,777	82,832	75,095	70,302	64,968	58,344	51,737	39,932	29,271	0	0	0
Operating expenses
Property operating
43,205	43,662	43,972	44,127	44,434	43,851	43,166	41,718	40,329	39,151	37,070	35,421	34,003	32,201	31,172	30,404	29,048	28,475	28,038	26,618	25,699	25,036	24,607	23,706	21,853	19,750	16,659	14,768	13,969	12,779	12,444	11,566	10,277	8,403	5,907	4,241	0	0	0
Property taxes
32,139	32,388	32,544	32,686	32,768	32,349	31,850	30,681	30,414	29,663	28,557	28,065	26,471	25,058	23,641	21,980	20,613	19,690	18,738	17,965	17,097	15,953	14,919	13,555	12,519	11,247	10,059	9,045	7,997	7,281	6,576	6,053	5,569	5,022	4,026	3,114	0	0	0
Depreciation and amortization
97,076	97,559	98,322	99,494	100,382	100,838	100,809	100,101	98,415	96,256	93,833	92,308	90,484	88,359	84,246	79,203	74,256	70,957	68,016	65,322	62,705	58,435	55,570	49,961	44,880	40,398	36,149	33,465	31,306	29,074	27,340	26,160	23,662	21,264	16,299	11,247	0	0	0
General and administrative expenses
17,499	17,831	17,301	16,623	15,663	14,918	14,603	14,308	14,135	14,103	13,856	13,601	13,300	13,120	13,318	13,190	13,328	12,650	12,263	12,158	11,280	11,200	10,404	9,901	9,852	10,059	11,995	13,212	13,082	12,734	10,852	9,580	9,421	9,390	9,386	9,020	0	0	0
Acquisition transaction costs
-	-	-	-	-	-	-	-	-	4	215	394	688	824	1,071	983	930	965	814	848	914	961	772	1,288	1,497	1,688	1,969	1,522	1,633	1,347	1,462	2,615	2,238	2,290	2,251	1,420	0	0	0
Other expense
-1,376	-1,405	-1,453	-1,452	-502	-478	-492	-487	-438	-418	-410	-359	-351	-456	267	3	324	627	99	411	437	505	522	507	563	315	0	0	0	-	-	-	-	-	-	-	-	-	-
Total operating expenses
191,295	192,845	193,592	194,382	193,749	192,434	190,920	187,295	183,735	179,595	173,941	170,148	165,297	160,018	153,929	146,505	138,807	133,364	128,476	123,322	118,132	112,090	106,797	98,919	91,166	83,457	77,357	72,493	68,281	63,541	59,087	56,388	51,580	46,782	37,871	29,044	0	0	0
Gain on consolidation of joint venture
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-
Gain on bargain purchase
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	9,449	0	0	0	-	-
Equity in earnings from unconsolidated joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,390	2,606	985	1,404	1,697	1,801	1,464	1,739	1,458	1,371	1,229	0	0	0
Gain on sale of real estate
10,537	13,175	13,175	8,708	8,528	5,890	5,890	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income
113,101	115,370	116,162	112,371	112,235	109,254	108,364	100,161	98,020	93,665	89,635	84,816	81,698	77,171	71,475	69,622	64,864	59,335	54,681	50,614	46,504	43,774	40,959	35,129	32,031	27,775	21,678	18,283	14,550	11,553	11,214	8,580	6,764	4,954	2,060	227	0	0	0
Non-operating expenses
Non-operating expenses
Interest expense and other finance expenses
60,865	61,687	62,037	62,227	62,335	62,113	60,678	57,995	54,759	50,977	48,408	45,501	42,942	40,741	38,229	36,754	35,223	34,243	32,305	30,644	29,213	27,593	25,575	22,414	18,903	15,855	14,209	13,599	12,911	11,379	10,637	9,282	7,602	6,225	3,809	0	0	0	-
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11	16	16	15	19	248	536	0	0	0
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-
Loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Net income
52,236	53,683	54,125	50,144	49,900	47,141	47,686	42,166	43,261	42,688	41,227	39,315	38,756	36,430	33,246	32,868	29,641	25,092	22,376	21,520	22,160	21,050	20,252	38,534	34,954	33,978	0	0	0	-	-	-	-	-	-	-	-	-	-
Net income attributable to non-controlling interests
4,640	4,839	4,931	4,614	4,616	4,405	4,602	4,127	4,252	4,211	3,978	3,813	3,859	3,676	3,192	2,674	1,950	1,228	846	784	791	749	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income Attributable to Retail Opportunity Investments Corp.
47,596	48,844	49,194	45,530	45,284	42,736	43,084	38,039	39,009	38,477	37,249	35,502	34,897	32,754	30,054	30,194	27,691	23,864	21,530	20,736	21,369	20,301	19,503	38,018	34,655	33,813	29,744	7,101	9,055	7,892	8,404	8,330	4,603	9,656	9,320	5,684	0	0	0
Earnings per share/unit - Basic and diluted (in dollars per share)
0.10	0.07	0.16	0.07	0.12	0.11	0.12	0.06	0.09	0.10	0.08	0.08	0.09	0.08	0.07	0.08	0.08	0.08	0.08	0.05	0.04	-	-	-	0.04	-	-	-	0.04	-	-	-	0.02	-	0.06	0.02	-	-	-0.03
Dividends per share/unit (in dollars per share)
0.20	0.19	0.19	0.19	0.19	0.19	0.19	0.19	0.19	0.18	0.18	0.18	0.18	0.18	0.18	0.18	0.18	0.17	0.17	0.17	0.17	0.16	0.16	0.16	0.16	0.15	0.15	0.15	0.15	0.14	0.14	0.13	0.12	0.12	0.10	0.09	0.08	0.06	0.06
Comprehensive income:
Net income per share basic:
Income from continuing operations per share or unit, basic (in Dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.35	0.05	-	-	0.05	0.09	-	-	-	-	-	-	-
Loss from discontinued operations per share or unit, basic (in Dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	-	-	-	-	-	-	-	-	-	-	-
Net income per share or unit, basic (in Dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.07	0.08	-	-	0.35	0.04	-	-	0.05	0.09	-	-	-	-	0.15	-	-
Net income per share diluted:
Income from continuing operations per share or unit, diluted (in Dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.34	0.04	-	-	0.05	0.09	-	-	-	-	-	-	-
Loss from discontinued operations per share or unit, diluted (in Dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations (in Dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	-	-	-	-	-	-	-	-	-	-	-
Net income per share or unit, diluted (in Dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.07	0.07	-	-	0.34	0.03	-	-	0.05	0.09	-	-	-	-	0.15	-	-
Basic and diluted per share: (in Dollars per share)
0.10	0.07	0.16	0.07	0.12	0.11	0.12	0.06	0.09	0.10	0.08	0.08	0.09	-	0.07	0.08	-	-	-	-	-	-	-	-	0.04	-	-	-	0.04	-	-	-	0.02	-	0.06	0.02	-	-	-0.03
Comprehensive income:
Net income
52,236	53,683	54,125	50,144	49,900	47,141	47,686	42,166	43,261	42,688	41,227	39,315	38,756	36,430	33,246	32,868	29,641	25,092	22,376	21,520	22,160	21,050	20,252	38,534	34,954	33,978	0	0	0	-	-	-	-	-	-	-	-	-	-
Other comprehensive loss:
Unrealized swap derivative loss arising during the period
-13,795	-7,348	-12,720	-10,562	-4,350	1,648	7,767	8,355	6,894	3,665	2,560	1,456	999	541	0	0	0	-	-	-	-1,749	-3,132	-2,868	-4,423	2,859	4,565	4,653	3,249	-7,931	-7,859	0	0	0	-	-	-	-	-	-
Reclassification adjustment for amortization of interest expense included in net income
-195	345	909	1,000	563	-57	-834	-1,460	-1,783	-1,920	-2,103	-2,292	-2,435	-2,473	-2,396	-2,303	-2,198	-2,139	-2,183	-2,517	-2,870	-3,219	-3,702	-4,021	-4,306	-4,621	-5,785	-5,781	-5,569	-3,799	0	0	0	-	-	-	-	-	-
Other comprehensive loss
-13,600	-7,693	-13,629	-11,562	-4,913	1,705	8,601	9,815	8,677	5,585	4,663	3,748	3,434	3,014	1,994	1,485	1,901	2,139	1,842	2,311	1,121	87	834	-401	7,166	9,186	9,294	7,887	-3,506	-4,059	0	0	0	-	-	-	-	-	-
Comprehensive income
38,636	45,990	40,496	38,582	44,987	48,846	56,287	51,981	51,938	48,273	45,890	43,063	42,190	39,444	35,240	34,353	31,542	27,231	24,218	23,831	23,281	21,137	21,086	38,132	42,120	43,164	0	0	0	-	-	-	-	-	-	-	-	-	-
Comprehensive income attributable to non-controlling interests
4,640	4,839	4,931	4,614	4,616	4,405	4,602	4,127	4,252	4,211	3,978	3,813	3,859	3,676	3,192	2,674	1,950	1,228	846	784	791	749	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to Retail Opportunity Investments Partnership, LP.
47,596	48,844	49,194	45,530	45,284	42,736	43,084	38,039	39,009	38,477	35,030	33,585	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	9,320	5,684	0	0	0
Unrealized loss on swap derivative
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-
Total other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-
Comprehensive income attributable to Retail Opportunity Investments Corp.
33,996	41,151	35,565	33,968	40,371	44,441	51,685	47,854	47,686	44,062	41,912	39,250	38,331	35,768	32,048	31,679	29,592	26,003	23,372	23,047	22,490	20,388	20,337	37,616	41,821	42,999	39,039	14,988	5,548	3,832	1,996	-6,707	-8,454	-3,920	0	0	0	-	-
Dividends per common share (in Dollars per share)
-	-	-	-	-	-	-	-	-	-	0.18	0.18	0.18	-	0.18	0.18	-	-	-	-	-	-	-	-	-	-	0.15	0.15	0.15	-	0.14	0.13	0.12	0.12	0.10	0.09	0.08	0.06	0.06
Retail Opportunity Investments Partnership L.P.
Rental revenue
290,093	291,263	292,495	293,730	293,430	289,601	0	310,434	289,441	269,382	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
3,766	3,777	4,084	4,315	4,026	6,197	5,903	5,912	5,982	3,878	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenues
293,859	295,040	296,579	298,045	297,456	295,798	0	287,456	281,755	273,260	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Recoveries from tenants
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property operating
43,205	43,662	43,972	44,127	44,434	43,851	0	41,718	40,329	39,151	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property taxes
32,139	32,388	32,544	32,686	32,768	32,349	0	30,681	30,414	29,663	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
97,076	97,559	98,322	99,494	100,382	100,838	0	100,101	98,415	96,256	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative expenses
17,499	17,831	17,301	16,623	15,663	14,918	0	14,308	14,135	14,103	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition transaction costs
-	-	-	-	-	-	-	-	-	4	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expense
-1,376	-1,405	-1,453	-1,452	-502	-478	0	-487	-438	-418	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
191,295	192,845	193,592	194,382	193,749	192,434	0	187,295	183,735	179,595	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of real estate
10,537	13,175	13,175	8,708	8,528	5,890	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating income
113,101	115,370	116,162	112,371	112,235	109,254	0	100,161	98,020	93,665	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense and other finance expenses
60,865	61,687	62,037	62,227	62,335	62,113	0	57,995	54,759	50,977	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
52,236	53,683	54,125	50,144	49,900	47,141	0	42,166	43,261	42,688	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings per share/unit - Basic and diluted (in dollars per share)
0.10	0.07	0.16	0.07	0.12	0.11	0.12	0.06	0.09	0.10	0.08	0.08	0.09	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends per share/unit (in dollars per share)
0.20	0.19	0.19	0.19	0.19	0.19	0.19	0.19	0.19	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends per share/unit (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.18	0.18	0.18	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
52,236	53,683	54,125	50,144	49,900	47,141	0	42,166	43,261	42,688	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized swap derivative loss arising during the period
-13,795	-7,348	-12,720	-10,562	-4,350	1,648	0	8,355	6,894	3,665	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclassification adjustment for amortization of interest expense included in net income
-195	345	909	1,000	563	-57	0	-1,460	-1,783	-1,920	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other comprehensive loss
-13,600	-7,693	-13,629	-11,562	-4,913	1,705	0	9,815	8,677	5,585	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive income
38,636	45,990	40,496	38,582	44,987	48,846	0	51,981	51,938	48,273	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-