2022 Q3 Form 10-Q Financial Statement

#000140762322000071 Filed on July 27, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $78.04M $78.23M $76.47M
YoY Change 9.32% 10.6% 10.53%
Cost Of Revenue $12.71M $12.67M $12.09M
YoY Change 15.41% 17.7% 14.5%
Gross Profit $65.33M $65.55M $64.38M
YoY Change 8.21% 9.32% 9.81%
Gross Profit Margin 83.72% 83.8% 84.19%
Selling, General & Admin $14.08M $14.12M $13.76M
YoY Change 5.78% 4.08% 6.01%
% of Gross Profit 21.55% 21.54% 21.37%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $24.33M $24.35M $23.76M
YoY Change 6.47% 3.59% 3.13%
% of Gross Profit 37.24% 37.15% 36.91%
Operating Expenses $51.23M $51.63M $49.79M
YoY Change 8.26% 7.18% 6.55%
Operating Profit $34.46M $26.60M $26.68M
YoY Change -6.72% -16.94% 18.83%
Interest Expense $14.68M $14.28M $14.22M
YoY Change 2.24% -0.38% -1.83%
% of Operating Profit 42.59% 53.7% 53.28%
Other Income/Expense, Net
YoY Change
Pretax Income $19.79M $12.31M $12.47M
YoY Change -12.41% -30.37% 56.41%
Income Tax
% Of Pretax Income
Net Earnings $18.52M $11.51M $11.64M
YoY Change -12.2% -30.19% 56.99%
Net Earnings / Revenue 23.73% 14.71% 15.22%
Basic Earnings Per Share $0.15 $0.09 $0.09
Diluted Earnings Per Share $0.15 $0.09 $0.09
COMMON SHARES
Basic Shares Outstanding 124.5M shares 123.5M shares 122.4M shares
Diluted Shares Outstanding 132.7M shares 132.6M shares 131.4M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.439M $5.632M $17.87M
YoY Change -91.84% -87.49% 272.23%
Cash & Equivalents $7.439M $5.632M $17.87M
Short-Term Investments
Other Short-Term Assets $1.504M $1.950M $3.794M
YoY Change 13.25% 16.91% 14.97%
Inventory
Prepaid Expenses
Receivables $54.18M $52.62M $54.73M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $63.12M $60.20M $76.39M
YoY Change -57.64% -41.23% 13.34%
LONG-TERM ASSETS
Property, Plant & Equipment $2.854B $2.823B $2.762B
YoY Change 7.41% 6.02% 2.95%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $27.22M $27.09M $27.03M
YoY Change 11.02% 5.92% 12.16%
Total Long-Term Assets $2.939B $2.909B $2.846B
YoY Change 6.89% 5.49% 2.46%
TOTAL ASSETS
Total Short-Term Assets $63.12M $60.20M $76.39M
Total Long-Term Assets $2.939B $2.909B $2.846B
Total Assets $3.002B $2.969B $2.922B
YoY Change 3.57% 3.82% 2.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $56.59M $38.63M $47.39M
YoY Change 10.49% 23.26% 11.5%
Accrued Expenses $16.90M $17.00M $17.10M
YoY Change -2.11% -2.1% -0.58%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $81.01M $63.19M $71.86M
YoY Change 7.44% 14.1% 45.75%
LONG-TERM LIABILITIES
Long-Term Debt $1.359B $1.352B $1.316B
YoY Change 2.21% 1.75% -1.81%
Other Long-Term Liabilities $170.9M $164.8M $155.9M
YoY Change 21.53% 13.37% -7.14%
Total Long-Term Liabilities $1.530B $1.517B $1.472B
YoY Change 4.06% 2.9% -2.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $81.01M $63.19M $71.86M
Total Long-Term Liabilities $1.530B $1.517B $1.472B
Total Liabilities $1.611B $1.580B $1.544B
YoY Change 4.22% 3.3% -0.88%
SHAREHOLDERS EQUITY
Retained Earnings -$307.4M -$307.0M -$302.3M
YoY Change 8.18% 5.21% 2.47%
Common Stock $12.00K $12.00K $12.00K
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.302B $1.297B $1.287B
YoY Change
Total Liabilities & Shareholders Equity $3.002B $2.969B $2.922B
YoY Change 3.57% 3.82% 2.72%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $18.52M $11.51M $11.64M
YoY Change -12.2% -30.19% 56.99%
Depreciation, Depletion And Amortization $24.33M $24.35M $23.76M
YoY Change 6.47% 3.59% 3.13%
Cash From Operating Activities $55.56M $29.71M $47.77M
YoY Change 14.74% 28.39% 9.69%
INVESTING ACTIVITIES
Capital Expenditures -$76.45M -$72.25M -$17.03M
YoY Change 84.74% 387.77% 127.08%
Acquisitions
YoY Change
Other Investing Activities $34.46M $22.00K $22.00K
YoY Change -19.25% -99.91%
Cash From Investing Activities -$41.99M -$72.23M -$17.01M
YoY Change -3347.64% -789.25% 128.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $14.21M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -11.50M 29.53M -$25.77M
YoY Change 252.72% 371.96% -27.91%
NET CHANGE
Cash From Operating Activities 55.56M 29.71M $47.77M
Cash From Investing Activities -41.99M -72.23M -$17.01M
Cash From Financing Activities -11.50M 29.53M -$25.77M
Net Change In Cash 2.074M -12.99M $4.990M
YoY Change -95.54% -132.58% 1301.69%
FREE CASH FLOW
Cash From Operating Activities $55.56M $29.71M $47.77M
Capital Expenditures -$76.45M -$72.25M -$17.03M
Free Cash Flow $132.0M $102.0M $64.80M
YoY Change 47.0% 168.65% 26.94%

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us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2022Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2021Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2022Q2 us-gaap Comprehensive Income Net Of Tax
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CY2021Q2 us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
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CY2022Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
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CY2021Q1 us-gaap Dividends Common Stock
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CY2021Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
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371000 usd
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
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CY2021Q2 us-gaap Dividends Common Stock
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CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Profit Loss
ProfitLoss
24780000 usd
us-gaap Profit Loss
ProfitLoss
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
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us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1185000 usd
us-gaap Straight Line Rent
StraightLineRent
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us-gaap Straight Line Rent
StraightLineRent
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us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
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us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
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us-gaap Share Based Compensation
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5600000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
5296000 usd
us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
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us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
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us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
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us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
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us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
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us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
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us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
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us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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us-gaap Increase Decrease In Other Operating Capital Net
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us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
1987000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
77480000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
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us-gaap Payments To Acquire Commercial Real Estate
PaymentsToAcquireCommercialRealEstate
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us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
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us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
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us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
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us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
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us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
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roic Proceeds From Collection Of Mortgage Notes Receivable Financing Activities
ProceedsFromCollectionOfMortgageNotesReceivableFinancingActivities
44000 usd
roic Proceeds From Collection Of Mortgage Notes Receivable Financing Activities
ProceedsFromCollectionOfMortgageNotesReceivableFinancingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
3079000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
23801000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
301000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
94000000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
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us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
48000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
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us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
2970000 usd
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
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us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
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us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
302000 usd
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2405000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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40375000 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
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CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7362000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
47011000 usd
roic Asset Acquisition Purchase Price Allocation Amortizable Intangible Liabilities
AssetAcquisitionPurchasePriceAllocationAmortizableIntangibleLiabilities
12959000 usd
roic Asset Acquisition Purchase Price Allocation Amortizable Intangible Liabilities
AssetAcquisitionPurchasePriceAllocationAmortizableIntangibleLiabilities
0 usd
roic Increase Decrease In Interest Rate Swap Asset
IncreaseDecreaseInInterestRateSwapAsset
63000 usd
roic Increase Decrease In Interest Rate Swap Asset
IncreaseDecreaseInInterestRateSwapAsset
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roic Increase Decrease In Interest Rate Swap Liability
IncreaseDecreaseInInterestRateSwapLiability
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roic Increase Decrease In Interest Rate Swap Liability
IncreaseDecreaseInInterestRateSwapLiability
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CY2022Q2 roic Real Estate Improvement Costs Accrued
RealEstateImprovementCostsAccrued
8117000 usd
CY2021Q2 roic Real Estate Improvement Costs Accrued
RealEstateImprovementCostsAccrued
5537000 usd
roic Equity Redemption Of Op Units
EquityRedemptionOfOPUnits
1895000 usd
roic Equity Redemption Of Op Units
EquityRedemptionOfOPUnits
6858000 usd
CY2022Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
17830000 usd
CY2021Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
14590000 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5632000 usd
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
45033000 usd
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1730000 usd
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1978000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7362000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
47011000 usd
us-gaap Use Of Estimates
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<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>
CY2022Q2 roic Taxable Income Minimum Distribution Portion Not Subject To Federal Taxation Percentage
TaxableIncomeMinimumDistributionPortionNotSubjectToFederalTaxationPercentage
0.90
CY2022Q2 roic Taxable Income Minimum Distribution Portion Not Subject To Federal Taxation Percentage
TaxableIncomeMinimumDistributionPortionNotSubjectToFederalTaxationPercentage
0.90
us-gaap Real Estate Improvements
RealEstateImprovements
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us-gaap Real Estate Improvements
RealEstateImprovements
22400000 usd
CY2022Q2 us-gaap Acquisition Costs
AcquisitionCosts
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us-gaap Acquisition Costs
AcquisitionCosts
0 usd
us-gaap Acquisition Costs
AcquisitionCosts
0 usd
CY2021Q2 us-gaap Acquisition Costs
AcquisitionCosts
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us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
176000 usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
16900000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
18400000 usd
roic Lessor Operating Lease Lease Modification Deferral Of Contractual Amounts Billed
LessorOperatingLeaseLeaseModificationDeferralOfContractualAmountsBilled
11300000 usd
roic Lessor Operating Lease Lease Modification Deferral Of Contractual Amounts Billed Amounts Rebilled
LessorOperatingLeaseLeaseModificationDeferralOfContractualAmountsBilledAmountsRebilled
7500000 usd
roic Lessor Operating Lease Lease Modification Deferral Of Contractual Amounts Billed Rebilled Amount Collected
LessorOperatingLeaseLeaseModificationDeferralOfContractualAmountsBilledRebilledAmountCollected
6700000 usd
roic Lessor Operating Lease Lease Modification Deferral Of Contractual Amounts Billed Rebilled Percent Collected
LessorOperatingLeaseLeaseModificationDeferralOfContractualAmountsBilledRebilledPercentCollected
0.899
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
154000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
11419000 usd
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>
CY2022Q2 us-gaap Profit Loss
ProfitLoss
12314000 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
24780000 usd
us-gaap Profit Loss
ProfitLoss
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CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
807000 usd
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1201000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1632000 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1760000 usd
CY2022Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
88000 usd
CY2021Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
77000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
16407000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
22972000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
23745000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
12314000 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
17685000 usd
us-gaap Profit Loss
ProfitLoss
24780000 usd
us-gaap Profit Loss
ProfitLoss
25659000 usd
CY2022Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
88000 usd
CY2021Q2 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
77000 usd
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
176000 usd
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
154000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
12226000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
17608000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
24604000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
25505000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
123537494 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
118532188 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
122976980 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
118138364 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
132580586 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
127467340 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
132041664 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
127191040 shares
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
113166000 usd
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1140024000 usd
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2022Q2 roic Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Land
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand
17357000 usd
CY2022Q2 roic Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Building And Improvements
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildingAndImprovements
49391000 usd
CY2022Q2 roic Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssets
4608000 usd
CY2022Q2 roic Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Charges
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredCharges
1808000 usd
CY2022Q2 roic Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
73164000 usd
CY2022Q2 roic Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Lease Intangible Liability
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLeaseIntangibleLiability
12959000 usd
CY2022Q2 roic Asset Acquisition Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
AssetAcquisitionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
12959000 usd
CY2022Q2 roic Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
409447000 usd
CY2022Q2 roic Asset Acquisition Revenues
AssetAcquisitionRevenues
1105000 usd
roic Asset Acquisition Revenues
AssetAcquisitionRevenues
1105000 usd
CY2022Q2 roic Asset Acquisition Net Income Loss Attributable To Parent Total
AssetAcquisitionNetIncomeLossAttributableToParentTotal
412000 usd
roic Asset Acquisition Net Income Loss Attributable To Parent Total
AssetAcquisitionNetIncomeLossAttributableToParentTotal
412000 usd
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
107747000 usd
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
200064000 usd
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
168789000 usd
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
140811000 usd
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2022Q2 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
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3000000 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3200000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5600000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5300000 usd
CY2022Q2 us-gaap Partners Capital Account Units
PartnersCapitalAccountUnits
132988735 shares
roic Minority Interest Increase Decrease From Redemptions Number Of Units
MinorityInterestIncreaseDecreaseFromRedemptionsNumberOfUnits
96840 shares
roic Equity Redemption Of Op Units Shares
EquityRedemptionOfOPUnitsShares
96840 shares
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-37000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-932000 usd
CY2022Q2 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
-5000 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.052
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
235000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-113000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
1043000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-1456000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-2327000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-2953000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
17000000 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
15400000 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P36Y1M6D
CY2022Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
413000 usd
CY2021Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
395000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
853000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
770000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
665000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1345000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1351000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1356000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1376000 usd
CY2022Q2 roic Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
30276000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
36369000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
19411000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
16958000 usd
CY2013Q3 roic Tax Protection Agreements Acquisitions Term
TaxProtectionAgreementsAcquisitionsTerm
P12Y
roic Tax Protection Agreements Acquisitions Term
TaxProtectionAgreementsAcquisitionsTerm
P10Y

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