2022 Q1 Form 10-Q Financial Statement

#000140762322000067 Filed on April 26, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $76.47M $69.19M
YoY Change 10.53% -7.59%
Cost Of Revenue $12.09M $10.56M
YoY Change 14.5% -0.38%
Gross Profit $64.38M $58.63M
YoY Change 9.81% -8.78%
Gross Profit Margin 84.19% 84.74%
Selling, General & Admin $13.76M $12.98M
YoY Change 6.01% 8.8%
% of Gross Profit 21.37% 22.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $23.76M $23.04M
YoY Change 3.13% -5.1%
% of Gross Profit 36.91% 39.3%
Operating Expenses $49.79M $46.73M
YoY Change 6.55% -0.31%
Operating Profit $26.68M $22.45M
YoY Change 18.83% -19.79%
Interest Expense $14.22M $14.48M
YoY Change -1.83% -2.54%
% of Operating Profit 53.28% 64.49%
Other Income/Expense, Net
YoY Change
Pretax Income $12.47M $7.970M
YoY Change 56.41% -39.35%
Income Tax
% Of Pretax Income
Net Earnings $11.64M $7.415M
YoY Change 56.99% -38.22%
Net Earnings / Revenue 15.22% 10.72%
Basic Earnings Per Share $0.09 $0.06
Diluted Earnings Per Share $0.09 $0.06
COMMON SHARES
Basic Shares Outstanding 122.4M shares 117.7M shares
Diluted Shares Outstanding 131.4M shares 126.9M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.87M $4.800M
YoY Change 272.23% -92.39%
Cash & Equivalents $17.87M $4.843M
Short-Term Investments
Other Short-Term Assets $3.794M $3.300M
YoY Change 14.97% 6.45%
Inventory
Prepaid Expenses
Receivables $54.73M $59.30M
Other Receivables $0.00 $0.00
Total Short-Term Assets $76.39M $67.40M
YoY Change 13.34% -40.62%
LONG-TERM ASSETS
Property, Plant & Equipment $2.762B $2.683B
YoY Change 2.95% -1.83%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $27.03M $24.10M
YoY Change 12.16% -15.73%
Total Long-Term Assets $2.846B $2.777B
YoY Change 2.46% -2.56%
TOTAL ASSETS
Total Short-Term Assets $76.39M $67.40M
Total Long-Term Assets $2.846B $2.777B
Total Assets $2.922B $2.845B
YoY Change 2.72% -4.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $47.39M $42.50M
YoY Change 11.5% 50.18%
Accrued Expenses $17.10M $17.20M
YoY Change -0.58%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $71.86M $49.30M
YoY Change 45.75% 38.87%
LONG-TERM LIABILITIES
Long-Term Debt $1.316B $1.340B
YoY Change -1.81% -9.39%
Other Long-Term Liabilities $155.9M $167.9M
YoY Change -7.14% -11.54%
Total Long-Term Liabilities $1.472B $1.508B
YoY Change -2.4% -9.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $71.86M $49.30M
Total Long-Term Liabilities $1.472B $1.508B
Total Liabilities $1.544B $1.558B
YoY Change -0.88% -8.62%
SHAREHOLDERS EQUITY
Retained Earnings -$302.3M -$295.0M
YoY Change 2.47% -4.64%
Common Stock $12.00K $12.00K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.287B $1.197B
YoY Change
Total Liabilities & Shareholders Equity $2.922B $2.845B
YoY Change 2.72% -4.02%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $11.64M $7.415M
YoY Change 56.99% -38.22%
Depreciation, Depletion And Amortization $23.76M $23.04M
YoY Change 3.13% -5.1%
Cash From Operating Activities $47.77M $43.55M
YoY Change 9.69% 6.98%
INVESTING ACTIVITIES
Capital Expenditures -$17.03M -$7.500M
YoY Change 127.08% -35.34%
Acquisitions
YoY Change
Other Investing Activities $22.00K $0.00
YoY Change
Cash From Investing Activities -$17.01M -$7.445M
YoY Change 128.46% -35.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $14.21M $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$25.77M -$35.75M
YoY Change -27.91% -217.91%
NET CHANGE
Cash From Operating Activities $47.77M $43.55M
Cash From Investing Activities -$17.01M -$7.445M
Cash From Financing Activities -$25.77M -$35.75M
Net Change In Cash $4.990M $356.0K
YoY Change 1301.69% -99.4%
FREE CASH FLOW
Cash From Operating Activities $47.77M $43.55M
Capital Expenditures -$17.03M -$7.500M
Free Cash Flow $64.80M $51.05M
YoY Change 26.94% -2.4%

Facts In Submission

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CY2021Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
559000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1573000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1287190000 USD
CY2022Q1 us-gaap Profit Loss
ProfitLoss
12466000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
7974000 USD
CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
23762000 USD
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
23040000 USD
CY2022Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
543000 USD
CY2022Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
628000 USD
CY2021Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1578000 USD
CY2022Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
14000 USD
CY2021Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-73000 USD
CY2022Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
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CY2021Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
2160000 USD
CY2022Q1 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-1543000 USD
CY2021Q1 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-1506000 USD
CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
6795000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
11439000 USD
CY2022Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-2207000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
304000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
47771000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
43550000 USD
CY2022Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
16031000 USD
CY2021Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
7465000 USD
CY2022Q1 us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
1000000 USD
CY2021Q1 us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
0 USD
CY2022Q1 roic Proceeds From Collection Of Mortgage Notes Receivable Financing Activities
ProceedsFromCollectionOfMortgageNotesReceivableFinancingActivities
22000 USD
CY2021Q1 roic Proceeds From Collection Of Mortgage Notes Receivable Financing Activities
ProceedsFromCollectionOfMortgageNotesReceivableFinancingActivities
20000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-17009000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-7445000 USD
CY2022Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
23639000 USD
CY2021Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
152000 USD
CY2022Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
24000000 USD
CY2021Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 USD
CY2022Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
14000000 USD
CY2021Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
34000000 USD
CY2022Q1 us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
1840000 USD
CY2021Q1 us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
0 USD
CY2022Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
14211000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2022Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
351000 USD
CY2021Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
15000 USD
CY2022Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
22050000 USD
CY2021Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
105000 USD
CY2022Q1 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
302000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
428000 USD
CY2022Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2405000 USD
CY2021Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1905000 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-25772000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-35749000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4990000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
356000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15363000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6636000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20353000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6992000 USD
CY2022Q1 roic Increase Decrease In Interest Rate Swap Liability
IncreaseDecreaseInInterestRateSwapLiability
-2218000 USD
CY2021Q1 roic Increase Decrease In Interest Rate Swap Liability
IncreaseDecreaseInInterestRateSwapLiability
-1499000 USD
CY2022Q1 roic Real Estate Improvement Costs Accrued
RealEstateImprovementCostsAccrued
5840000 USD
CY2021Q1 roic Real Estate Improvement Costs Accrued
RealEstateImprovementCostsAccrued
4707000 USD
CY2022Q1 roic Equity Redemption Of Op Units
EquityRedemptionOfOPUnits
978000 USD
CY2021Q1 roic Equity Redemption Of Op Units
EquityRedemptionOfOPUnits
1439000 USD
CY2022Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
17578000 USD
CY2021Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
14318000 USD
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17867000 USD
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4843000 USD
CY2022Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2486000 USD
CY2021Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2149000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20353000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6992000 USD
CY2022Q1 us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%"> </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the disclosure of contingent assets and liabilities, the reported amounts of assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the periods covered by the financial statements. The most significant assumptions and estimates relate to the recoverability of assets to be held and used, purchase price allocations, depreciable lives, revenue recognition and the collectability of tenant receivables, other receivables, notes receivables, the valuation of performance-based restricted stock, and derivatives. Actual results could differ from these estimates.</span></div>
CY2022Q1 roic Taxable Income Minimum Distribution Portion Not Subject To Federal Taxation Percentage
TaxableIncomeMinimumDistributionPortionNotSubjectToFederalTaxationPercentage
0.90
CY2022Q1 roic Taxable Income Minimum Distribution Portion Not Subject To Federal Taxation Percentage
TaxableIncomeMinimumDistributionPortionNotSubjectToFederalTaxationPercentage
0.90
CY2022Q1 us-gaap Real Estate Improvements
RealEstateImprovements
14900000 USD
CY2021Q1 us-gaap Real Estate Improvements
RealEstateImprovements
6900000 USD
CY2022Q1 us-gaap Acquisition Costs
AcquisitionCosts
0 USD
CY2021Q1 us-gaap Acquisition Costs
AcquisitionCosts
0 USD
CY2022Q1 us-gaap Acquisition Costs
AcquisitionCosts
0 USD
CY2021Q1 us-gaap Acquisition Costs
AcquisitionCosts
0 USD
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
18600000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
18400000 USD
roic Lessor Operating Lease Lease Modification Deferral Of Contractual Amounts Billed
LessorOperatingLeaseLeaseModificationDeferralOfContractualAmountsBilled
11200000 USD
roic Lessor Operating Lease Lease Modification Deferral Of Contractual Amounts Billed Amounts Rebilled
LessorOperatingLeaseLeaseModificationDeferralOfContractualAmountsBilledAmountsRebilled
6700000 USD
roic Lessor Operating Lease Lease Modification Deferral Of Contractual Amounts Billed Rebilled Amount Collected
LessorOperatingLeaseLeaseModificationDeferralOfContractualAmountsBilledRebilledAmountCollected
5700000 USD
roic Lessor Operating Lease Lease Modification Deferral Of Contractual Amounts Billed Rebilled Percent Collected
LessorOperatingLeaseLeaseModificationDeferralOfContractualAmountsBilledRebilledPercentCollected
0.856
CY2022Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Concentration of Credit Risk</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents and tenant receivables. The Company places its cash and cash equivalents in excess of insured amounts with high quality financial institutions. The Company performs ongoing credit evaluations of its tenants and requires tenants to provide security deposits.</span></div>
CY2022Q1 us-gaap Profit Loss
ProfitLoss
12466000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
7974000 USD
CY2022Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
825000 USD
CY2021Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
559000 USD
CY2022Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
88000 USD
CY2021Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
77000 USD
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
11553000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
7338000 USD
CY2022Q1 us-gaap Profit Loss
ProfitLoss
12466000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
7974000 USD
CY2022Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
88000 USD
CY2021Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
77000 USD
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
12378000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
7897000 USD
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
122410238 shares
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
117740165 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
131438668 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
126873836 shares
CY2022Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
157147000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
189894000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
158183000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
130294000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
102947000 USD
CY2022Q1 roic Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
367303000 USD
CY2022Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1105768000 USD
CY2022Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2022Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
50000000 USD
CY2022Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2022Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2600000 USD
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2100000 USD
CY2022Q1 us-gaap Partners Capital Account Units
PartnersCapitalAccountUnits
132426301 shares
CY2022Q1 roic Minority Interest Increase Decrease From Redemptions Number Of Units
MinorityInterestIncreaseDecreaseFromRedemptionsNumberOfUnits
50000 shares
CY2022Q1 roic Equity Redemption Of Op Units Shares
EquityRedemptionOfOPUnitsShares
50000 shares
CY2022Q1 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
-1200000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
808000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
76000 USD
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-1395000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-1497000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
17100000 USD
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
15500000 USD
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P36Y2M12D
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.052
CY2022Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
440000 USD
CY2021Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
375000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
992000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1345000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1351000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1356000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1376000 USD
CY2022Q1 roic Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
30276000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
36696000 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
19634000 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
17062000 USD
CY2013Q3 roic Tax Protection Agreements Acquisitions Term
TaxProtectionAgreementsAcquisitionsTerm
P12Y
roic Tax Protection Agreements Acquisitions Term
TaxProtectionAgreementsAcquisitionsTerm
P10Y

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