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Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

Schedule of Future Minimum Rental Payments for Operating Leases

The following table represents a reconciliation of the Company’s undiscounted future minimum annual lease payments under operating leases to the lease liability as of December 31, 2019 (in thousands):


	Operating Leases
2020	$	1,287
2021	1,282
2022	1,304
2023	1,330
2024	1,335
Thereafter	32,604
Total undiscounted future minimum lease payments	39,142
Future minimum lease payments, discount	(21,467)
Lease liability	$	17,675

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Real Estate Investments:
Land	$ 879,540	$ 894,240
Building and improvements	2,252,301	2,266,232
Total real estate investments	3,131,841	3,160,472
Less: accumulated depreciation	390,916	329,207
Net real estate before mortgage notes	2,740,925	2,831,265
Mortgage note receivable	13,000	0
Real Estate Investments, net	2,753,925	2,831,265
Cash and cash equivalents	3,800	6,076
Restricted cash	1,658	1,373
Tenant and other receivables, net	45,821	46,832
Acquired lease intangible assets, net	59,701	72,109
Prepaid expenses	3,169	4,194
Deferred charges, net	27,652	33,857
Other assets	18,031	7,365
Total assets	2,913,757	3,003,071
Liabilities:
Term loan	298,330	299,076
Credit facility	80,743	153,689
Senior Notes	942,850	941,449
Mortgage notes payable	87,523	88,511
Acquired lease intangible liabilities, net	144,757	166,146
Accounts payable and accrued expenses	17,562	15,488
Tenants’ security deposits	7,177	7,065
Other liabilities	42,987	23,219
Total liabilities	1,621,929	1,694,643
Commitments and contingencies
Equity/Capital:
Preferred stock, $.0001 par value 50,000,000 shares authorized; none issued and outstanding	0	0
Common stock, $0.0001 par value, 500,000,000 shares authorized; 116,496,016 and 113,992,837 shares issued and outstanding at December 31, 2019 and 2018, respectively	12	11
Additional paid-in-capital	1,481,466	1,441,080
Dividends in excess of earnings	(297,998)	(256,438)
Accumulated other comprehensive (loss) income	(4,132)	3,561
Total Retail Opportunity Investments Corp. stockholders' equity	1,179,348	1,188,214
Non-controlling interests	112,480	120,214
Total equity/capital	1,291,828	1,308,428
Total liabilities and equity/capital	2,913,757	3,003,071
Retail Opportunity Investments Partnership L.P.
Real Estate Investments:
Land	879,540	894,240
Building and improvements	2,252,301	2,266,232
Total real estate investments	3,131,841	3,160,472
Less: accumulated depreciation	390,916	329,207
Net real estate before mortgage notes	2,740,925	2,831,265
Mortgage note receivable	13,000	0
Real Estate Investments, net	2,753,925	2,831,265
Cash and cash equivalents	3,800	6,076
Restricted cash	1,658	1,373
Tenant and other receivables, net	45,821	46,832
Acquired lease intangible assets, net	59,701	72,109
Prepaid expenses	3,169	4,194
Deferred charges, net	27,652	33,857
Other assets	18,031	7,365
Total assets	2,913,757	3,003,071
Liabilities:
Term loan	298,330	299,076
Credit facility	80,743	153,689
Senior Notes	942,850	941,449
Mortgage notes payable	87,523	88,511
Acquired lease intangible liabilities, net	144,757	166,146
Accounts payable and accrued expenses	17,562	15,488
Tenants’ security deposits	7,177	7,065
Other liabilities	42,987	23,219
Total liabilities	1,621,929	1,694,643
Equity/Capital:
ROIC capital	1,183,480	1,184,653
Limited partners’ capital	112,480	120,214
Accumulated other comprehensive (loss) income	(4,132)	3,561
Total equity/capital	1,291,828	1,308,428
Total liabilities and equity/capital	$ 2,913,757	$ 3,003,071

Consolidated Statement of Partners' Capital - USD ($)
$ in Thousands

Total