Retail Opportunity Investments (ROIC) 10-K 16 Feb 23 2022 FY Annual report Financial data

Cover

Cover - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2022	Feb. 09, 2023	Jun. 30, 2022
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity Registrant Name	RETAIL OPPORTUNITY INVESTMENTS CORP.
Entity File Number	001-33749
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	26-0500600
Entity Address, Address Line One	11250 El Camino Real
Entity Address, City or Town	San Diego,
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92130
City Area Code	858
Local Phone Number	677-0900
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Title of 12(b) Security	Common Stock, par value $0.0001 per share
Trading Symbol	ROIC
Security Exchange Name	NASDAQ
Entity Public Float			$ 1.9
Entity Common Stock, Shares Outstanding		124,609,914
Entity Central Index Key	0001407623
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false
Retail Opportunity Investments Partnership L.P.
Document Information [Line Items]
Current Fiscal Year End Date	--12-31
Entity Registrant Name	RETAIL OPPORTUNITY INVESTMENTS PARTNERSHIP, LP
Entity File Number	333-189057-01
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	94-2969738
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Entity Shell Company	false
Entity Central Index Key	0001577230
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2022
Auditor [Line Items]
Auditor Name	Ernst & Young LLP
Auditor Location	San Diego, California
Auditor Firm ID	42
Retail Opportunity Investments Partnership L.P.
Auditor [Line Items]
Auditor Name	Ernst & Young LLP
Auditor Location	San Diego, California
Auditor Firm ID	42

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Real Estate Investments:
Land	$ 958,236	$ 915,861
Building and improvements	2,452,857	2,350,294
Total real estate investments	3,411,093	3,266,155
Less:  accumulated depreciation	578,593	510,836
Net real estate before mortgage notes	2,832,500	2,755,319
Mortgage note receivable	4,786	4,875
Real Estate Investments, net	2,837,286	2,760,194
Cash and cash equivalents	5,598	13,218
Restricted cash	1,861	2,145
Tenant and other receivables, net	57,546	55,787
Deposits	500	0
Acquired lease intangible assets, net	52,428	50,139
Prepaid expenses	5,957	5,337
Deferred charges, net	26,683	25,017
Other assets	16,420	17,007
Total assets	3,004,279	2,928,844
Liabilities:
Term loan	299,253	298,889
Credit facility	88,000	0
Senior Notes	946,849	945,231
Mortgage notes payable	60,917	85,354
Acquired lease intangible liabilities, net	152,117	136,608
Accounts payable and accrued expenses	22,885	48,598
Tenants’ security deposits	7,701	7,231
Other liabilities	41,959	40,580
Total liabilities	1,619,681	1,562,491
Commitments and contingencies
Equity/Capital:
Preferred stock, $0.0001 par value 50,000,000 shares authorized; none issued and outstanding	0	0
Common stock, $0.0001 par value, 500,000,000 shares authorized; 124,538,811 and 122,685,266 shares issued and outstanding at December 31, 2022 and 2021, respectively	12	12
Additional paid-in capital	1,612,126	1,577,837
Accumulated dividends in excess of earnings	(315,984)	(297,801)
Accumulated other comprehensive income (loss)	14	(3,154)
Total Retail Opportunity Investments Corp. stockholders' equity	1,296,168	1,276,894
Non-controlling interests	88,430	89,459
Total equity/capital	1,384,598	1,366,353
Total liabilities and equity/capital	3,004,279	2,928,844
Acquired lease intangible assets, net	52,428	50,139
Retail Opportunity Investments Partnership L.P.
Real Estate Investments:
Land	958,236	915,861
Building and improvements	2,452,857	2,350,294
Total real estate investments	3,411,093	3,266,155
Less:  accumulated depreciation	578,593	510,836
Net real estate before mortgage notes	2,832,500	2,755,319
Mortgage note receivable	4,786	4,875
Real Estate Investments, net	2,837,286	2,760,194
Cash and cash equivalents	5,598	13,218
Restricted cash	1,861	2,145
Tenant and other receivables, net	57,546	55,787
Deposits	500	0
Acquired lease intangible assets, net	52,428	50,139
Prepaid expenses	5,957	5,337
Deferred charges, net	26,683	25,017
Other assets	16,420	17,007
Total assets	3,004,279	2,928,844
Liabilities:
Term loan	299,253	298,889
Credit facility	88,000	0
Senior Notes	946,849	945,231
Mortgage notes payable	60,917	85,354
Acquired lease intangible liabilities, net	152,117	136,608
Accounts payable and accrued expenses	22,885	48,598
Tenants’ security deposits	7,701	7,231
Other liabilities	41,959	40,580
Total liabilities	1,619,681	1,562,491
Equity/Capital:
ROIC capital	1,296,154	1,280,048
Limited partners’ capital	88,429	89,680
Accumulated other comprehensive income (loss)	15	(3,375)
Total equity/capital	1,384,598	1,366,353
Total liabilities and equity/capital	3,004,279	2,928,844
Acquired lease intangible assets, net	$ 52,428	$ 50,139

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues
Rental revenue	$ 308,960	$ 280,924	$ 280,388
Other income	3,969	3,176	3,726
Total revenues	312,929	284,100	284,114
Operating expenses
Property operating	51,057	44,439	41,050
Property taxes	34,651	33,663	33,288
Depreciation and amortization	97,494	92,929	97,731
General and administrative expenses	21,735	19,654	16,755
Other expense	960	860	843
Total operating expenses	205,897	191,545	189,667
Gain on sale of real estate	7,653	22,340	0
Operating income	114,685	114,895	94,447
Non-operating expenses
Interest expense and other finance expenses	(59,225)	(57,535)	(59,726)
Net income	55,460	57,360	34,721
Net income attributable to non-controlling interests	(3,591)	(3,852)	(2,707)
Net Income Attributable to Retail Opportunity Investments Corp.	$ 51,869	$ 53,508	$ 32,014
Earnings per share/unit - basic (in dollars per share)	$ 0.42	$ 0.44	$ 0.27
Earnings per share/unit - diluted (in dollars per share)	0.42	0.44	0.27
Dividends per share (in dollars per share)	$ 0.56	$ 0.51	$ 0.20
Comprehensive income:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ 55,460	$ 57,360	$ 34,721
Other comprehensive income (loss):
Unrealized swap derivative gain (loss) arising during the period	1,104	216	(9,925)
Reclassification adjustment for amortization of interest expense included in net income	2,286	5,894	4,572
Other comprehensive income (loss)	3,390	6,110	(5,353)
Comprehensive income	58,850	63,470	29,368
Comprehensive income attributable to non-controlling interests	(3,813)	(4,304)	(2,034)
Comprehensive income attributable to Retail Opportunity Investments Corp.	55,037	59,166	27,334
Retail Opportunity Investments Partnership L.P.
Revenues
Rental revenue	308,960	280,924	280,388
Other income	3,969	3,176	3,726
Total revenues	312,929	284,100	284,114
Operating expenses
Property operating	51,057	44,439	41,050
Property taxes	34,651	33,663	33,288
Depreciation and amortization	97,494	92,929	97,731
General and administrative expenses	21,735	19,654	16,755
Other expense	960	860	843
Total operating expenses	205,897	191,545	189,667
Gain on sale of real estate	7,653	22,340	0
Operating income	114,685	114,895	94,447
Non-operating expenses
Interest expense and other finance expenses	(59,225)	(57,535)	(59,726)
Net income	$ 55,460	$ 57,360	$ 34,721
Earnings per share/unit - basic (in dollars per share)	$ 0.42	$ 0.44	$ 0.27
Earnings per share/unit - diluted (in dollars per share)	0.42	0.44	0.27
Dividends per share (in dollars per share)	$ 0.56	$ 0.51	$ 0.20
Comprehensive income:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ 55,460	$ 57,360	$ 34,721
Other comprehensive income (loss):
Unrealized swap derivative gain (loss) arising during the period	1,104	216	(9,925)
Reclassification adjustment for amortization of interest expense included in net income	2,286	5,894	4,572
Other comprehensive income (loss)	3,390	6,110	(5,353)
Comprehensive income	$ 58,850	$ 63,470	$ 29,368

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Officer	Common Stock	Additional paid-in capital	Accumulated dividends in excess of earnings	Accumulated dividends in excess of earnings Officer	Accumulated other comprehensive (loss) income	Non- controlling interests	Non- controlling interests Officer
Balance at Dec. 31, 2019	$ 1,291,828		$ 12	$ 1,481,466	$ (297,998)		$ (4,132)	$ 112,480
Balance (in shares) at Dec. 31, 2019			116,496,016
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued under the Equity Incentive Plan (in shares)			428,170
Shares issued under the Equity Incentive Plan	0			0
Shares withheld for employee taxes (in shares)			(128,614)
Shares withheld for employee taxes	(2,272)			(2,272)
Cancellation of restricted stock (in shares)			(4,899)
Stock based compensation expense	8,914			8,098				816
Redemption of OP Units (in shares)			1,968,350
Redemption of OP Units	20,098			20,098				(20,098)
Cash redemption for non-controlling interests	(1,999)							(1,999)
Adjustment to non-controlling interests ownership in Operating Partnership				(570)				570
Repurchase of common stock (in shares)			(673,868)
Repurchase of common stock	(8,846)			(8,846)
Registration expenditures	(312)			(312)
Cash dividends	(25,460)	$ (62)			(23,273)	$ (52)		(2,187)	$ (10)
Net income attributable to Retail Opportunity Investments Corp.	32,014				32,014
Net income attributable to non-controlling interests	2,707							2,707
Other comprehensive income (loss)	(5,353)						(4,680)	(673)
Balance (in shares) at Dec. 31, 2020			118,085,155
Balance at Dec. 31, 2020	1,291,159		$ 12	1,497,662	(289,309)		(8,812)	91,606
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued under the Equity Incentive Plan (in shares)			535,819
Shares issued under the Equity Incentive Plan	428			428
Shares withheld for employee taxes (in shares)			(142,247)
Shares withheld for employee taxes	(1,905)			(1,905)
Cancellation of restricted stock (in shares)			(5,482)
Stock based compensation expense	11,030			9,735				1,295
Redemption of OP Units (in shares)			423,986
Redemption of OP Units	6,858			6,858				(6,858)
Adjustment to non-controlling interests ownership in Operating Partnership	0			(3,625)				3,625
Proceeds from the issuance of common stock (in shares)			3,788,035
Proceeds from the issuance of common stock	69,602		$ 0	69,602
Registration expenditures	(918)			(918)
Cash dividends	(66,112)	(401)			(61,717)	(283)		(4,395)	(118)
Net income attributable to Retail Opportunity Investments Corp.	53,508				53,508
Net income attributable to non-controlling interests	3,852							3,852
Other comprehensive income (loss)	$ 6,110						5,658	452
Balance (in shares) at Dec. 31, 2021	122,685,266		122,685,266
Balance at Dec. 31, 2021	$ 1,366,353		$ 12	1,577,837	(297,801)		(3,154)	89,459
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued under the Equity Incentive Plan (in shares)			406,106
Shares issued under the Equity Incentive Plan	302			302
Shares withheld for employee taxes (in shares)			(123,466)
Shares withheld for employee taxes	(2,416)			(2,416)
Cancellation of restricted stock (in shares)			(14,148)
Stock based compensation expense	$ 11,949			11,949				0
Redemption of OP Units (in shares)	296,840		296,840
Redemption of OP Units	$ 5,071			5,071				(5,071)
Adjustment to non-controlling interests ownership in Operating Partnership	0			(5,017)				5,017
Proceeds from the issuance of common stock (in shares)			1,288,213
Proceeds from the issuance of common stock	$ 25,199		$ 0	25,199
Repurchase of common stock (in shares)	0
Registration expenditures	$ (799)			(799)
Cash dividends	(74,321)	$ (519)			(69,533)	$ (519)		(4,788)	$ 0
Net income attributable to Retail Opportunity Investments Corp.	51,869				51,869
Net income attributable to non-controlling interests	3,591							3,591
Other comprehensive income (loss)	$ 3,390						3,168	222
Balance (in shares) at Dec. 31, 2022	124,538,811		124,538,811
Balance at Dec. 31, 2022	$ 1,384,598		$ 12	$ 1,612,126	$ (315,984)		$ 14	$ 88,430

Consolidated Statement of Partn

Consolidated Statement of Partners' Capital - USD ($) $ in Thousands		Total	Retail Opportunity Investments Partnership L.P.	Retail Opportunity Investments Partnership L.P. Officer	Retail Opportunity Investments Partnership L.P. Limited Partner’s Capital		Retail Opportunity Investments Partnership L.P. Limited Partner’s Capital Officer	[1]	Retail Opportunity Investments Partnership L.P. ROIC Capital		Retail Opportunity Investments Partnership L.P. ROIC Capital Officer	[2]	Retail Opportunity Investments Partnership L.P. Accumulated other comprehensive (loss) income
Total (in shares)					11,051,090	[1]			116,496,016	[2]
Balance (in shares) at Dec. 31, 2019					11,051,090	[1]			116,496,016	[2]
Balance at Dec. 31, 2019			$ 1,291,828		$ 112,480	[1]			$ 1,183,480	[2]			$ (4,132)
OP Units issued under the Equity Incentive Plan (in shares)	[2]								428,170
OP Units issued under the Equity Incentive Plan		$ 0	0						$ 0	[2]
OP Units withheld for employee taxes (in shares)	[2]								(128,614)
OP Units withheld for employee taxes		(2,272)	(2,272)						$ (2,272)	[2]
Cancellation of OP Units (in shares)	[2]								(4,899)
Stock based compensation expense		8,914	8,914		$ 816	[1]			$ 8,098	[2]
Equity Redemption of OP Units (in shares)					(1,968,350)	[1]			1,968,350	[2]
Equity Redemption of OP Units					$ (20,098)	[1]			$ 20,098	[2]
Cash redemption of OP Units (in shares)	[1]				(116,657)
Cash redemption of OP Units		(1,999)	(1,999)		$ (1,999)	[1]
Adjustment to non-controlling interests ownership in Operating Partnership			0		570	[1]			$ (570)	[2]
Repurchase of OP Units (in shares)									(673,868)
Repurchase of OP Units			(8,846)						$ (8,846)	[2]
Registration expenditures		(312)	(312)						(312)	[2]
Cash distributions			(25,460)	$ (62)	(2,187)	[1]	$ (10)		(23,273)	[2]	$ (52)
Net income		34,721	34,721		$ 2,707	[1]			$ 32,014	[2]
Other comprehensive income (loss)		(5,353)	(5,353)										(5,353)
Balance (in shares) at Dec. 31, 2020					8,966,083	[1]			118,085,155	[2]
Balance at Dec. 31, 2020			1,291,159		$ 92,279	[1]			$ 1,208,365	[2]			(9,485)
Total (in shares)					8,966,083	[1]			118,085,155	[2]
OP Units issued under the Equity Incentive Plan (in shares)	[2]								535,819
OP Units issued under the Equity Incentive Plan		428	428						$ 428	[2]
OP Units withheld for employee taxes (in shares)	[2]								(142,247)
OP Units withheld for employee taxes		(1,905)	(1,905)						$ (1,905)	[2]
Cancellation of OP Units (in shares)	[2]								(5,482)
Stock based compensation expense		11,030	11,030		$ 1,295	[1]			$ 9,735	[2]
Equity Redemption of OP Units (in shares)					(423,986)	[1]			423,986	[2]
Equity Redemption of OP Units					$ (6,858)	[1]			$ 6,858	[2]
Adjustment to non-controlling interests ownership in Operating Partnership		0	0		3,625	[1]			$ (3,625)	[2]
Issuance of OP Units in connection with sale of common stock (in shares)	[2]								3,788,035
Issuance of OP Units in connection with sale of common stock		69,602	69,602						$ 69,602	[2]
Registration expenditures		(918)	(918)						(918)	[2]
Cash distributions			(66,112)	(401)	(4,395)	[1]	(118)		(61,717)	[2]	(283)
Net income		57,360	57,360		$ 3,852	[1]			$ 53,508	[2]
Other comprehensive income (loss)		6,110	6,110										6,110
Balance (in shares) at Dec. 31, 2021					8,542,097	[1]			122,685,266	[2]
Balance at Dec. 31, 2021			1,366,353		$ 89,680	[1]			$ 1,280,048	[2]			(3,375)
Total (in shares)					8,542,097	[1]			122,685,266	[2]
OP Units issued under the Equity Incentive Plan (in shares)					201,860				406,106	[2]
OP Units issued under the Equity Incentive Plan		302	302						$ 302	[2]
OP Units withheld for employee taxes (in shares)	[2]								(123,466)
OP Units withheld for employee taxes		(2,416)	(2,416)						$ (2,416)	[2]
Cancellation of OP Units (in shares)	[2]								(14,148)
Stock based compensation expense		$ 11,949	11,949		$ 0	[1]			$ 11,949	[2]
Equity Redemption of OP Units (in shares)		296,840			(296,840)	[1]			296,840	[2]
Equity Redemption of OP Units					$ (5,071)	[1]			$ 5,071	[2]
Adjustment to non-controlling interests ownership in Operating Partnership		$ 0	0		5,017	[1]			$ (5,017)	[2]
Issuance of OP Units in connection with sale of common stock (in shares)	[2]								1,288,213
Issuance of OP Units in connection with sale of common stock		25,199	25,199						$ 25,199	[2]
Registration expenditures		(799)	(799)						(799)	[2]
Cash distributions			(74,321)	$ (519)	(4,788)	[1]	$ 0		(69,533)	[2]	$ (519)
Net income		55,460	55,460		$ 3,591	[1]			$ 51,869	[2]
Other comprehensive income (loss)		$ 3,390	3,390										3,390
Balance (in shares) at Dec. 31, 2022		132,985,928			8,447,117	[1]			124,538,811	[2]
Balance at Dec. 31, 2022			$ 1,384,598		$ 88,429	[1]			$ 1,296,154	[2]			$ 15
Total (in shares)		132,985,928			8,447,117	[1]			124,538,811	[2]
[1]Consists of limited partnership interests held by third parties.[2]Consists of general and limited partnership interests held by ROIC.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ 55,460	$ 57,360	$ 34,721
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization	97,494	92,929	97,731
Amortization of deferred financing costs and mortgage discounts and premiums, net	2,559	2,383	2,219
Straight-line rent adjustment	(2,715)	(959)	(1,079)
Amortization of above and below market rent	(11,947)	(8,795)	(17,654)
Amortization relating to stock based compensation	11,949	11,030	8,914
Provisions for tenant credit losses	2,034	2,779	11,035
Other noncash interest (income) expense	(57)	45	293
Gain on sale of real estate	(7,653)	(22,340)	0
Change in operating assets and liabilities:
Tenant and other receivables	(1,976)	(1,039)	(23,120)
Prepaid expenses	(630)	(597)	(1,641)
Accounts payable and accrued expenses	1,242	5,072	(1,096)
Other assets and liabilities, net	3,263	(1,536)	(3,663)
Net cash provided by operating activities	149,023	136,332	106,660
CASH FLOWS FROM INVESTING ACTIVITIES
Investments in real estate	(120,639)	(125,490)	0
Proceeds from sale of real estate	34,435	68,003	0
Improvements to properties	(58,077)	(46,242)	(36,515)
Deposits on real estate acquisitions, net	(500)	0	0
Proceeds on repayment of mortgage note receivable	89	84	8,041
Net cash used in investing activities	(144,692)	(103,645)	(28,474)
CASH FLOWS FROM FINANCING ACTIVITIES
Principal repayments on mortgages	(24,133)	(716)	(577)
Proceeds from draws on credit facility	168,000	30,000	160,000
Payments on credit facility	(80,000)	(78,000)	(196,000)
Redemption of OP Units	0	0	(1,999)
Deferred financing and other costs	0	0	(1,162)
Proceeds from issuance of common stock	25,199	69,602	0
Repurchase of common stock/OP units	0	0	(8,846)
Registration expenditures	(976)	(740)	(567)
Dividends paid to common stockholders	(91,583)	(39,772)	(23,398)
Distributions to OP Unitholders	(6,628)	(2,857)	(2,187)
Common shares issued under the Equity Incentive Plan	302	428	0
Shares withheld for employee taxes	(2,416)	(1,905)	(2,272)
Net cash used in financing activities	(12,235)	(23,960)	(77,008)
Net (decrease) increase in cash, cash equivalents and restricted cash	(7,904)	8,727	1,178
Cash, cash equivalents and restricted cash at beginning of period	15,363	6,636	5,458
Cash, cash equivalents and restricted cash at end of period	7,459	15,363	6,636
Reconciliation of cash, cash equivalents and restricted cash:
Cash and cash equivalents	5,598	13,218	4,822
Restricted cash	1,861	2,145	1,814
Total cash, cash equivalents and restricted cash shown in Statements of Cash Flows	7,459	15,363	6,636
Retail Opportunity Investments Partnership L.P.
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	55,460	57,360	34,721
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization	97,494	92,929	97,731
Amortization of deferred financing costs and mortgage discounts and premiums, net	2,559	2,383	2,219
Straight-line rent adjustment	(2,715)	(959)	(1,079)
Amortization of above and below market rent	(11,947)	(8,795)	(17,654)
Amortization relating to stock based compensation	11,949	11,030	8,914
Provisions for tenant credit losses	2,034	2,779	11,035
Other noncash interest (income) expense	(57)	45	293
Gain on sale of real estate	(7,653)	(22,340)	0
Change in operating assets and liabilities:
Tenant and other receivables	(1,976)	(1,039)	(23,120)
Prepaid expenses	(630)	(597)	(1,641)
Accounts payable and accrued expenses	1,242	5,072	(1,096)
Other assets and liabilities, net	3,263	(1,536)	(3,663)
Net cash provided by operating activities	149,023	136,332	106,660
CASH FLOWS FROM INVESTING ACTIVITIES
Investments in real estate	(120,639)	(125,490)	0
Proceeds from sale of real estate	34,435	68,003	0
Improvements to properties	(58,077)	(46,242)	(36,515)
Deposits on real estate acquisitions, net	(500)	0	0
Proceeds on repayment of mortgage note receivable	89	84	8,041
Net cash used in investing activities	(144,692)	(103,645)	(28,474)
CASH FLOWS FROM FINANCING ACTIVITIES
Principal repayments on mortgages	(24,133)	(716)	(577)
Proceeds from draws on credit facility	168,000	30,000	160,000
Payments on credit facility	(80,000)	(78,000)	(196,000)
Redemption of OP Units	0	0	(1,999)
Deferred financing and other costs	0	0	(1,162)
Proceeds from issuance of common stock	25,199	69,602	0
Repurchase of common stock/OP units	0	0	(8,846)
Registration expenditures	(976)	(740)	(567)
Distributions to OP Unitholders	(98,211)	(42,629)	(25,585)
Common shares issued under the Equity Incentive Plan	302	428	0
Shares withheld for employee taxes	(2,416)	(1,905)	(2,272)
Net cash used in financing activities	(12,235)	(23,960)	(77,008)
Net (decrease) increase in cash, cash equivalents and restricted cash	(7,904)	8,727	1,178
Cash, cash equivalents and restricted cash at beginning of period	15,363	6,636	5,458
Cash, cash equivalents and restricted cash at end of period	7,459	15,363	6,636
Reconciliation of cash, cash equivalents and restricted cash:
Cash and cash equivalents	5,598	13,218	4,822
Restricted cash	1,861	2,145	1,814
Total cash, cash equivalents and restricted cash shown in Statements of Cash Flows	$ 7,459	$ 15,363	$ 6,636

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Dec. 31, 2022	Dec. 31, 2021
Preferred stock par value (in usd per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in shares)	50,000,000	50,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in usd per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	500,000,000	500,000,000
Common stock, shares issued (in shares)	124,538,811	122,685,266
Common stock, shares outstanding (in shares)	124,538,811	122,685,266

Consolidated Statements of Eq_2

Consolidated Statements of Equity (Parentheticals) - $ / shares					12 Months Ended
	Dec. 15, 2022	Sep. 16, 2022	Jun. 17, 2022	Mar. 18, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Stockholders' Equity [Abstract]
Dividends per share (in dollars per share)	$ 0.1500	$ 0.1500	$ 0.1300	$ 0.1300	$ 0.56	$ 0.51	$ 0.20

Consolidated Statement of Par_2

Consolidated Statement of Partners' Capital (Parentheticals) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash distributions per unit (usd per share)	$ 0.56	$ 0.51	$ 0.20
Retail Opportunity Investments Partnership L.P.
Cash distributions per unit (usd per share)	$ 0.56	$ 0.51	$ 0.20

Organization, Basis of Presenta

Organization, Basis of Presentation and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Organization, Basis of Presentation and Summary of Significant Accounting Policies	Organization, Basis of Presentation and Summary of Significant Accounting Policies Business Retail Opportunity Investments Corp., a Maryland corporation (“ROIC”), is a fully integrated and self-managed real estate investment trust (“REIT”). ROIC specializes in the acquisition, ownership and management of necessity-based community and neighborhood shopping centers on the west coast of the United States, anchored by supermarkets and drugstores. ROIC is organized in a traditional umbrella partnership real estate investment trust (“UpREIT”) format pursuant to which Retail Opportunity Investments GP, LLC, its wholly-owned subsidiary, serves as the general partner of, and ROIC conducts substantially all of its business through, its operating partnership subsidiary, Retail Opportunity Investments Partnership, LP, a Delaware limited partnership (the “Operating Partnership”), together with its subsidiaries. Unless otherwise indicated or unless the context requires otherwise, all references to the “Company”, “we,” “us,” “our,” or “our company” refer to ROIC together with its consolidated subsidiaries, including the Operating Partnership. ROIC’s only material asset is its ownership of direct or indirect partnership interests in the Operating Partnership and membership interest in Retail Opportunity Investments GP, LLC, which is the sole general partner of the Operating Partnership. As a result, ROIC does not conduct business itself, other than acting as the parent company and issuing equity from time to time. The Operating Partnership holds substantially all the assets of the Company and directly or indirectly holds the ownership interests in the Company’s real estate ventures. The Operating Partnership conducts the operations of the Company’s business and is structured as a partnership with no publicly traded equity. Except for net proceeds from equity issuances by ROIC, which are contributed to the Operating Partnership, the Operating Partnership generates the capital required by the Company’s business through the Operating Partnership’s operations, by the Operating Partnership’s incurrence of indebtedness (directly and through subsidiaries) or through the issuance of operating partnership units (“OP Units”) of the Operating Partnership. Recent Accounting Pronouncements In March 2020, the FASB issued Accounting Standard Update (“ASU”) No. 2020-04 “Reference Rate Reform (Topic 848).” ASU No. 2020-04 contains practical expedients for reference rate reform related activities that impact debt, leases, derivatives and other contracts. The guidance in ASU No. 2020-04 is optional and may be elected over time as reference rate reform activities occur. During the quarter ended March 31, 2020, the Company elected to apply the hedge accounting expedients related to probability and the assessments of effectiveness for future LIBOR-indexed cash flows to assume that the index upon which future hedged transactions will be based matches the index on the corresponding derivatives. Application of these expedients preserves the presentation of derivatives consistent with past presentation. The Company continues to evaluate the impact of the guidance and may apply other elections as applicable as additional changes in the market occur. In December 2022, the FASB issued ASU No. 2022-06 “Deferral of the Sunset Date of Topic 848” which was issued to defer the sunset date of Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform to December 31, 2024. ASU No. 2022-06 is effective immediately for all companies. ASU No. 2022-06 had no impact on the Company’s consolidated financial statements for the year ended December 31, 2022. Principles of Consolidation The accompanying consolidated financial statements are prepared on the accrual basis in accordance with accounting principles generally accepted in the United States (“GAAP”). In the opinion of management, the consolidated financial statements include all adjustments necessary, which are of a normal and recurring nature, for the fair presentation of the Company’s financial position and the results of operations and cash flows for the periods presented. The consolidated financial statements include the accounts of the Company and those of its subsidiaries, which are wholly-owned or controlled by the Company. Entities which the Company does not control through its voting interest and entities which are variable interest entities (“VIEs”), but where it is not the primary beneficiary, are accounted for under the equity method. All significant intercompany balances and transactions have been eliminated. The Company follows the FASB guidance for determining whether an entity is a VIE and requires the performance of a qualitative rather than a quantitative analysis to determine the primary beneficiary of a VIE. Under this guidance, an entity would be required to consolidate a VIE if it has (i) the power to direct the activities that most significantly impact the entity’s economic performance and (ii) the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could be significant to the VIE. The Company has concluded that the Operating Partnership is a VIE, and because they have both the power and the rights to control the Operating Partnership, they are the primary beneficiary and are required to continue to consolidate the Operating Partnership. A non-controlling interest in a consolidated subsidiary is defined as the portion of the equity (net assets) in a subsidiary not attributable, directly or indirectly, to a parent. Non-controlling interests are required to be presented as a separate component of equity in the consolidated balance sheets and modify the presentation of net income by requiring earnings and other comprehensive income to be attributed to controlling and non-controlling interests. Use of Estimates 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, and the valuation of performance-based restricted stock, LTIP Units (as defined below), and derivatives. Actual results could differ from these estimates. Federal Income Taxes The Company has elected to qualify as a REIT under Sections 856-860 of the Internal Revenue Code (the “Code”). Under those sections, a REIT that, among other things, distributes at least 90% of its REIT taxable income (determined without regard to the dividends paid deduction and excluding net capital gains) and meets certain other qualifications prescribed by the Code, will not be taxed on that portion of its taxable income that is distributed. Although it may qualify as a REIT for U.S. federal income tax purposes, the Company is subject to state income or franchise taxes in certain states in which some of its properties are located. For all periods from inception through September 26, 2013 the Operating Partnership had been an entity disregarded from its sole owner, ROIC, for U.S. federal income tax purposes and as such had not been subject to U.S. federal income taxes. Effective September 27, 2013, the Operating Partnership issued OP Units in connection with the acquisitions of two shopping centers. Accordingly, the Operating Partnership ceased being a disregarded entity and instead is being treated as a partnership for U.S. federal income tax purposes. The Company follows the FASB guidance that defines a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The FASB also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. The Company records interest and penalties relating to unrecognized tax benefits, if any, as interest expense. As of December 31, 2022, the statute of limitations for the tax years 2018 through and including 2021 remain open for examination by the Internal Revenue Service (“IRS”) and state taxing authorities. ROIC intends to make regular quarterly distributions to holders of its common stock. U.S. federal income tax law generally requires that a REIT distribute annually at least 90% of its REIT taxable income, without regard to the deduction for dividends paid and excluding net capital gains, and that it pay U.S. federal income tax at regular corporate rates to the extent that it annually distributes less than 100% of its net taxable income. ROIC intends to pay regular quarterly dividends to stockholders in an amount not less than its net taxable income, if and to the extent authorized by its board of directors. Before ROIC pays any dividend, whether for U.S. federal income tax purposes or otherwise, it must first meet both its operating requirements and its debt service on debt. If ROIC’s cash available for distribution is less than its net taxable income, it could be required to sell assets or borrow funds to make cash distributions or it may make a portion of the required distribution in the form of a taxable stock distribution or distribution of debt securities. The Company intends to continue to operate its business in a manner that will allow it to qualify as a REIT, including maintaining compliance with taxable income distribution requirements. The following table sets forth the dividends declared per share of ROIC’s common stock and the tax status for U.S. federal income tax purposes of such dividends declared during the year ended December 31, 2022. Record Date Payable Date Total Distribution per Share Ordinary Income per Share Section 199A Dividends (1) 3/18/2022 4/8/2022 $0.1300 $0.1300 $0.1300 6/17/2022 7/8/2022 $0.1300 $0.1300 $0.1300 9/16/2022 10/7/2022 $0.1500 $0.1500 $0.1500 12/15/2022 12/29/2022 $0.1500 $0.1500 $0.1500 ______________________ (1) Represents dividends eligible for the 20% qualified business income deduction under Section 199A, and is included in “Ordinary Income per Share” Real Estate Investments All costs related to the improvement or replacement of real estate properties are capitalized. Additions, renovations and improvements that enhance and/or extend the useful life of a property are also capitalized. Expenditures for ordinary maintenance, repairs and improvements that do not materially prolong the normal useful life of an asset are charged to operations as incurred. During the years ended December 31, 2022 and 2021, capitalized costs related to the improvement or replacement of real estate properties were approximately $55.1 million and $48.6 million, respectively. The Company evaluates each acquisition of real estate to determine if the acquired property meets the definition of a business and needs to be accounted for as a business combination. The Company first determines whether substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets. If this threshold is met, the acquired property does not meet the definition of a business and is accounted for as an asset acquisition. The Company expects that acquisitions of real estate properties will not meet the revised definition of a business because substantially all of the fair value is concentrated in a single identifiable asset or group of similar identifiable assets (i.e. land, buildings, and related intangible assets). The Company recognizes the acquisition of real estate properties, including acquired tangible assets (consisting of land, buildings and improvements), and acquired intangible assets and liabilities (consisting of above-market and below-market leases and acquired in-place leases) at their fair value (for acquisitions meeting the definition of a business) and relative fair value (for acquisitions not meeting the definition of a business). The relative fair values used to allocate the cost of an asset acquisition are determined using the same methodologies and assumptions the Company utilizes to determine fair value in a business combination. Acquired lease intangible assets include above-market leases and acquired in-place leases, and acquired lease intangible liabilities represent below-market leases, in the accompanying consolidated balance sheets. The fair value of the tangible assets of an acquired property is determined by valuing the property as if it were vacant, which value is then allocated to land, buildings and improvements based on management’s determination of the relative fair values of these assets. In valuing an acquired property’s intangibles, factors considered by management include an estimate of carrying costs during the expected lease-up periods, and estimates of lost rental revenue during the expected lease-up periods based on management’s evaluation of current market demand. Management also estimates costs to execute similar leases, including leasing commissions, tenant improvements, legal and other related costs. Leasing commissions, legal and other related costs (“lease origination costs”) are classified as Deferred charges in the accompanying consolidated balance sheets. The value of in-place leases is measured by the excess of (i) the purchase price paid for a property after adjusting existing in-place leases to market rental rates, over (ii) the estimated fair value of the property as if it were vacant. Above-market and below-market lease values are recorded based on the present value (using a discount rate which reflects the risks associated with the leases acquired) of the difference between the contractual amounts to be received and management’s estimate of market lease rates, measured over the terms of the respective leases that management deemed appropriate at the time of acquisition. Such valuations include a consideration of the non-cancellable terms of the respective leases as well as any applicable renewal periods. The fair values associated with below-market rental renewal options are determined based on the Company’s experience and the relevant facts and circumstances that existed at the time of the acquisitions. The value of the above-market and below-market leases is amortized to base rental income, over the terms of the respective leases including option periods, if applicable. The value of in-place leases is amortized to expense over the remaining non-cancellable terms of the respective leases. If a lease were to be terminated prior to its stated expiration, all unamortized amounts relating to that lease would be recognized in operations at that time. The Company expenses transaction costs associated with business combinations and unsuccessful property asset acquisitions in the period incurred and capitalizes transaction costs associated with successful property asset acquisitions. In conjunction with the Company’s pursuit and acquisition of real estate investments, the Company did not expense any acquisition transaction costs during the years ended December 31, 2022, 2021 or 2020. Sales of real estate are recognized only when it is determined that the Company will collect substantially all of the consideration to which it is entitled, possession and other attributes of ownership have been transferred to the buyer and the Company has no controlling financial interest. The application of these criteria can be complex and requires the Company to make assumptions. Management has determined that all of these criteria were met for all real estate sold during the periods presented. Asset Impairment The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of the asset to aggregate future net cash flows (undiscounted and without interest) expected to be generated by the asset. If such assets are considered impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceed the fair value. Management does not believe that the value of any of the Company’s real estate investments was impaired at December 31, 2022 or December 31, 2021. Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. Cash and cash equivalents are maintained at financial institutions and, at times, balances may exceed the federally insured limit by the Federal Deposit Insurance Corporation. The Company has not experienced any losses related to these balances. Restricted Cash The terms of the Company’s mortgage loans payable may require the Company to deposit certain replacement and other reserves with its lenders. Such “restricted cash” is generally available only for property-level requirements for which the reserves have been established and is not available to fund other property-level or Company-level obligations. Revenue Recognition Management has determined that all of the Company’s leases with its various tenants are operating leases. Rental income is generally recognized based on the terms of leases entered into with tenants. In those instances in which the Company funds tenant improvements and the improvements are deemed to be owned by the Company, revenue recognition will commence when the improvements are substantially completed and possession or control of the space is turned over to the tenant. When the Company determines that the tenant allowances are lease incentives, the Company commences revenue recognition and lease incentive amortization when possession or control of the space is turned over to the tenant for tenant work to begin. Minimum rental income from leases with scheduled rent increases is recognized on a straight-line basis over the lease term. Percentage rent is recognized when a specific tenant’s sales breakpoint is achieved. Each lease agreement is evaluated to identify the lease and nonlease components at lease inception. The Company combines lease and non-lease components into a single lease component presentation if (i) the timing and pattern of the revenue recognition of the combined single lease component is the same, and (ii) the related lease component and the combined single lease component would be classified as an operating lease. As a result of this assessment, rental revenues and tenant recoveries from the lease of real estate assets are accounted for as a single component. Lease incentives are amortized as a reduction of rental revenue over the respective tenant lease terms. Termination fees (included in Other income in the consolidated statements of operations and comprehensive income) are fees that the Company has agreed to accept in consideration for permitting certain tenants to terminate their lease prior to the contractual expiration date. The Company recognizes termination fees when the following conditions are met: (a) the termination agreement is executed; (b) the termination fee is determinable; (c) all landlord services pursuant to the terminated lease have been rendered; and (d) collectability of substantially all of the termination fee is probable. Interest income is recognized as it is earned. Gains or losses on disposition of properties are recorded when the criteria for recognizing such gains or losses have been met. The Company must make estimates as to the collectability of its accounts receivable related to base rent, straight-line rent, expense reimbursements and other revenues. Management analyzes accounts receivable by considering tenant creditworthiness, current economic trends, including the impact of the COVID-19 pandemic on tenants’ businesses, and changes in tenants’ payment patterns when evaluating the adequacy of the allowance for doubtful accounts receivable. The Company also provides an allowance for future credit losses of the deferred straight-line rents receivable. The allowance for doubtful accounts at December 31, 2022 and December 31, 2021 was approximately $15.7 million and $18.4 million, respectively. Certain of the Company’s tenants experienced economic difficulties as a result of the COVID-19 pandemic and sought future rent relief, which was provided in the form of rent deferrals and rent abatements. Under ASC 842, “Leases,” subsequent changes to lease payments that are not stipulated in the original lease contract are generally accounted for as lease modifications. Due to the number of lease contracts that would require analysis to determine, on a lease by lease basis, whether such a concession is required to be accounted for as a lease modification, the FASB staff provided clarity as to an acceptable approach to accounting for lease concessions related to the effects of the COVID-19 pandemic. The FASB staff provided guidance that it would be acceptable for entities to make an election to account for lease concessions related to the effects of the COVID-19 pandemic consistent with how those concessions would be accounted for under ASC 842 as though enforceable rights and obligations for those concessions existed in the existing lease contract, as long as the concession does not result in a substantial increase in the rights of the lessor or the obligations of the lessee, thereby not requiring entities to apply lease modification guidance to those contracts. The Company elected to not account for such COVID-19 concessions as lease modifications. Since the onset of the COVID-19 pandemic, the Company entered into lease concessions that deferred approximately $10.9 million of contractual amounts billed. As of December 31, 2022, approximately $9.5 million of such deferral amounts have been rebilled in accordance with the underlying agreements, of which approximately $8.5 million, or approximately 89.7% has been collected. The Company evaluated rent relief requests on a case-by-case basis and not all tenant requests resulted in concession agreements, nor did the Company forego its contractual rights under its lease agreements. Depreciation and Amortization The Company uses the straight-line method for depreciation and amortization. Buildings are depreciated over estimated useful lives which the Company estimates to be 39 to 40 years. Property improvements are depreciated over estimated useful lives that range from 10 to 20 years. Furniture and fixtures are depreciated over estimated useful lives that range from 3 to 10 years. Tenant improvements are amortized over the shorter of the life of the related leases or their useful life. Deferred Leasing and Financing Costs Costs incurred in obtaining tenant leases (principally leasing commissions and acquired lease origination costs) are amortized ratably over the life of the tenant leases. Costs incurred in obtaining long-term financing are amortized ratably over the related debt agreement. The amortization of deferred leasing and financing costs is included in Depreciation and amortization and Interest expense and other finance expenses, respectively, in the consolidated statements of operations and comprehensive income. The unamortized balances of deferred leasing costs included in deferred charges in the Consolidated Balance Sheets as of December 31, 2022 that will be charged to future operations are as follows (in thousands): Lease Origination Costs 2023 $ 4,679 2024 3,758 2025 3,191 2026 2,599 2027 2,173 Thereafter 9,283 $ 25,683 Concentration of Credit Risk 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. Earnings Per Share Basic earnings per share (“EPS”) excludes the impact of dilutive shares and is computed by dividing net income by the weighted average number of shares of common stock outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue shares of common stock were exercised or converted into shares of common stock and then shared in the earnings of the Company. For the years ended December 31, 2022, 2021 and 2020, basic EPS was determined by dividing net income allocable to common stockholders for the applicable period by the weighted average number of shares of common stock outstanding during such period. Net income during the applicable period is also allocated to the time-based unvested restricted stock as these grants are entitled to receive non-forfeitable dividends and are therefore considered a participating security. Time-based unvested restricted stock is not allocated net losses and/or any excess of dividends declared over net income; such amounts are allocated entirely to the common stockholders other than the holders of time-based unvested restricted stock. The performance-based restricted stock awards and LTIP Units (defined below) outstanding under the Equity Incentive Plan described in Note 8 are excluded from the basic EPS calculation, as these units are not participating securities until they vest. The following table sets forth the reconciliation between basic and diluted EPS for ROIC (in thousands, except share data): Year Ended December 31, 2022 2021 2020 Numerator: Net income $ 55,460 $ 57,360 $ 34,721 Less income attributable to non-controlling interests (3,591) (3,852) (2,707) Less earnings allocated to participating securities (378) (355) (127) Net income available for common stockholders, basic $ 51,491 $ 53,153 $ 31,887 Numerator: Net income $ 55,460 $ 57,360 $ 34,721 Less earnings allocated to participating securities (378) (355) (127) Net income available for common stockholders, diluted $ 55,082 $ 57,005 $ 34,594 Denominator: Denominator for basic EPS – weighted average common equivalent shares 123,394,745 119,544,749 116,731,930 OP Units 8,566,343 8,650,485 9,785,334 Performance-based restricted stock awards and LTIP Units 323,027 250,585 106,434 Stock options 820 8,079 3,299 Denominator for diluted EPS – weighted average common equivalent shares 132,284,935 128,453,898 126,626,997 Earnings Per Unit The following table sets forth the reconciliation between basic and diluted earnings per unit for the Operating Partnership (in thousands, except unit data): Year Ended December 31, 2022 2021 2020 Numerator: Net income $ 55,460 $ 57,360 $ 34,721 Less earnings allocated to participating securities (378) (355) (127) Net income available to unitholders, basic and diluted $ 55,082 $ 57,005 $ 34,594 Denominator: Denominator for basic earnings per unit – weighted average common equivalent units 131,961,088 128,195,234 126,517,264 Performance-based restricted stock awards and LTIP Units 323,027 250,585 106,434 Stock options 820 8,079 3,299 Denominator for diluted earnings per unit – weighted average common equivalent units 132,284,935 128,453,898 126,626,997 Stock-Based Compensation The Company has a stock-based employee compensation plan, which is more fully described in Note 8. The Company accounts for its stock-based compensation plan based on the FASB guidance which requires that compensation expense be recognized based on the fair value of the stock awards less forfeitures. Restricted stock grants vest based upon the completion of a service period (“time-based restricted stock grants”) and/or the Company meeting certain pre-established operational performance goals and market-indexed financial performance criteria (“performance-based restricted stock grants”). Time-based restricted stock grants are valued according to the market price for the Company’s common stock at the date of grant. For performance-based restricted stock grants subject to market-indexed performance criteria, a Monte Carlo valuation model is used, taking into account the underlying contingency risks associated with the performance criteria. All other performance-based restricted stock grants are valued according to the market price of the Company’s common stock at the date of grant. It is the Company’s policy to grant options with an exercise price equal to the quoted closing market price of stock on the grant date. The Company has made certain separate awards in the form of units of limited partnership interests in its Operating Partnership called LTIP Units (“LTIP Units”). The LTIP Units are subject to such conditions and restrictions as the compensation committee may determine, including continued employment or service, achievement of pre-established operational performance goals and market-indexed performance criteria. For the LTIP Units subject to market-indexed performance criteria (the “marked-indexed LTIP Units”), a Monte Carlo valuation model is used, taking into account the underlying contingency risks associated with the performance criteria. All other LTIP Units (the “operational LTIP Units”) are valued according to the market price of the Company’s common stock at the date of grant. Awards of stock options, time-based restricted stock grants, performance-based restricted stock subject to operational performance goals, and operational LTIP Units are expensed as compensation on a straight-line basis over the requisite service period. Awards of performance-based restricted stock subject to market-indexed performance criteria and market-indexed LTIP Units are expensed as compensation under the accelerated attribution method and are recognized in income regardless of the results of the performance criteria. Derivatives The Company records all derivatives on the balance sheets at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged forecasted transactions in a cash flow hedge. When the Company terminates a derivative for which cash flow hedging was being applied, the balance, which was recorded in Other comprehensive income, is amortized to interest expense over the remaining contractual term of the derivative as long as the hedged forecasted transactions continue to be probable of occurring. The Company includes cash payments made to terminate interest rate derivatives as an operating activity on the statement of cash flows, given the nature of the underlying cash flows that the derivative was hedging. Segment Reporting The Company’s primary business is the ownership, management, and redevelopment of retail real estate properties. The Company reviews operating and financial information for each property on an individual basis and therefore, each property represents an individual operating segment. The Company evaluates financial performance using property operating income, defined as operating revenues (rental revenue and other income), less property and related expenses (property operating expenses and property taxes). The Company has aggregated the properties into one reportable segment as the properties share similar long-term economic characteristics and have other similarities including the fact that they are operated using consistent business strategies, are typically located in major metropolitan areas, and have similar tenant mixes. Consolidated Statements of Cash Flows - Supplemental Disclos

Real Estate Investments

Real Estate Investments	12 Months Ended
	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Real Estate Investments	Real Estate Investments The following real estate investment transactions occurred during the years ended December 31, 2022 and December 31, 2021. The Company evaluated the following acquisitions and determined that substantially all of the fair value related to each of the acquisitions was concentrated in single identifiable assets. The Company allocated the total consideration for the acquisitions to the individual assets and liabilities acquired on a relative fair value basis. All transaction costs incurred in the acquisitions were capitalized. Property Asset Acquisitions in 2022 On April 1, 2022, the Company acquired the property known as Olympia Square North, located in Olympia, Washington, within the Seattle metropolitan area, for an adjusted purchase price of approximately $18.4 million. Olympia Square North is approximately 90,000 square feet and is anchored by Albertsons Supermarket. The property was acquired with cash on hand and borrowings under the credit facility. On April 1, 2022, the Company acquired the property known as Powell Valley Junction, located in Gresham, Oregon, within the Portland metropolitan area, for an adjusted purchase price of approximately $17.7 million. Powell Valley Junction is approximately 109,000 square feet and is anchored by Walmart Neighborhood Market. The property was acquired with cash on hand and borrowings under the credit facility. On May 17, 2022, the Company acquired the property known as Village Oaks Shopping Center, located in Martinez, California, within the San Francisco metropolitan area, for an adjusted purchase price of approximately $24.1 million. Village Oaks Shopping Center is approximately 80,000 square feet and is anchored by Save Mart (Lucky California) Supermarket. The property was acquired with cash on hand and borrowings under the credit facility. On August 19, 2022, the Company acquired two properties known as Ballinger Village, located in Shoreline, Washington, within the Seattle metropolitan area, and Thomas Lake Shopping Center located in Mill Creek, Washington, within the Seattle metropolitan area, for an adjusted purchase price of approximately $29.3 million and $31.1 million, respectively. Ballinger Village is approximately 111,000 square feet and is anchored by Thriftway Supermarket and Rite Aid Pharmacy. Thomas Lake Shopping Center is approximately 111,000 square feet and is anchored by Albertsons Supermarket and Rite Aid Pharmacy. These properties were acquired by the Company using proceeds from the sale of one of its shopping centers, discussed below, as well as cash on hand and borrowings under the credit facility. Property Asset Acquisitions in 2021 During the year ended December 31, 2021, the Company acquired four properties with a total of approximately 449,000 square feet as well as a single tenant parcel contiguous to one of its existing shopping centers for a total adjusted purchase price of approximately $125.5 million. The financial information set forth below summarizes the Company’s purchase price allocation for property assets acquired during the years ended December 31, 2022 and December 31, 2021 (in thousands): December 31, 2022 December 31, 2021 Assets Land $ 51,150 $ 48,272 Building and improvements 86,263 85,125 Acquired lease intangible asset 8,745 9,240 Deferred charges 5,462 4,416 Assets acquired $ 151,620 $ 147,053 Liabilities Acquired lease intangible liability 30,981 21,563 Liabilities assumed $ 30,981 $ 21,563 The following table summarizes the operating results included in the Company’s historical consolidated statement of operations for the year ended December 31, 2022, for property assets acquired during the year ended December 31, 2022 (in thousands): Year Ended December 31, 2022 Statement of operations: Revenues $ 6,450 Net income attributable to Retail Opportunity Investments Corp. $ 2,261 The following table summarizes the operating results included in the Company’s historical consolidated statement of operations for the year ended December 31, 2021, for property assets acquired during the year ended December 31, 2021 (in thousands): Year Ended December 31, 2021 Statement of operations: Revenues $ 2,211 Net income attributable to Retail Opportunity Investments Corp. $ 587 Property Dispositions in 2022 On August 19, 2022, in connection with the acquisitions of Ballinger Village and Thomas Lake Shopping Center discussed above, the Company sold Aurora Square, a shopping center located in Shoreline, Washington. The sales price of $36.2 million, less costs to sell, resulted in net proceeds of approximately $34.4 million. The Company recorded a gain on sale of real estate of approximately $7.7 million during the year ended December 31, 2022 related to this property disposition. Property Dispositions in 2021 During the year ended December 31, 2021, the Company sold three properties. The total sales price of approximately $69.7 million, less costs to sell, resulted in net proceeds of approximately $68.0 million. The Company recorded gains on sale of real estate of approximately $22.3 million during the year ended December 31, 2021 related to these property dispositions. Any reference to square footage or occupancy is unaudited and outside the scope of the Company’s independent registered public accounting firm’s audit of the Company’s financial statements in accordance with the standards of the United States Public Company Accounting Oversight Board.

Acquired Lease Intangibles

Acquired Lease Intangibles	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Acquired Lease Intangibles	Acquired Lease Intangibles Intangible assets and liabilities as of December 31, 2022 and December 31, 2021 consisted of the following (in thousands): December 31, 2022 2021 Assets: In-place leases $ 70,133 $ 67,644 Accumulated amortization (27,405) (27,764) Above-market leases 21,307 21,632 Accumulated amortization (11,607) (11,373) Acquired lease intangible assets, net $ 52,428 $ 50,139 Liabilities: Below-market leases $ 205,421 $ 188,607 Accumulated amortization (53,304) (51,999) Acquired lease intangible liabilities, net $ 152,117 $ 136,608 For the years ended December 31, 2022, 2021 and 2020, the net amortization of acquired lease intangible assets and acquired lease intangible liabilities for above- and below-market leases was $11.9 million, $8.8 million and $17.7 million, respectively, which amounts are included in Rental revenue in the accompanying consolidated statements of operations and comprehensive income. For the years ended December 31, 2022, 2021 and 2020, the amortization of in-place leases was $5.9 million, $4.8 million and $7.7 million, respectively, which amounts are included in Depreciation and amortization in the accompanying consolidated statements of operations and comprehensive income. The scheduled future amortization of acquired lease intangible assets as of December 31, 2022 is as follows (in thousands): Year Ending December 31: 2023 $ 7,086 2024 5,827 2025 4,969 2026 4,084 2027 3,430 Thereafter 27,032 Total future amortization of acquired lease intangible assets $ 52,428 The scheduled future amortization of acquired lease intangible liabilities as of December 31, 2022 is as follows (in thousands): Year Ending December 31: 2023 $ 12,144 2024 11,741 2025 11,036 2026 10,168 2027 9,531 Thereafter 97,497 Total future amortization of acquired lease intangible liabilities $ 152,117

Tenant Leases

Tenant Leases	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Tenant Leases	Tenant Leases Space in the Company’s shopping centers is leased to various tenants under operating leases that usually grant tenants renewal options and generally provide for additional rents based on certain operating expenses as well as tenants’ sales volume. Future minimum rents to be received under non-cancellable leases as of December 31, 2022 are summarized as follows (in thousands): Year Ending December 31: 2023 $ 215,035 2024 188,185 2025 160,405 2026 132,296 2027 103,100 Thereafter 373,243 Total minimum lease payments $ 1,172,264

Mortgage Notes Payable, Credit

Mortgage Notes Payable, Credit Facilities and Senior Notes	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Mortgage Notes Payable, Credit Facilities and Senior Notes	Mortgage Notes Payable, Credit Facilities and Senior Notes ROIC does not hold any indebtedness. All debt is held directly or indirectly by the Operating Partnership; however, ROIC has guaranteed the Operating Partnership’s unsecured term loan, unsecured revolving credit facility, carve-out guarantees on property-level debt, and the Senior Notes. Costs incurred in obtaining long-term financing are amortized ratably over the related debt agreement. The amortization of deferred financing costs is included in Interest expense and other finance expenses in the consolidated statements of operations and comprehensive income. On March 1, 2022, the Company repaid in full the mortgage note related to Casitas Plaza Shopping Center for a total of approximately $6.6 million, without penalty, in accordance with the prepayment provisions of the note. Additionally, on March 31, 2022, the Company repaid in full the mortgage note related to Riverstone Marketplace for a total of approximately $16.7 million without penalty, in accordance with the prepayment provisions of the note. Mortgage Notes Payable The mortgage notes payable collateralized by respective properties and assignment of leases at December 31, 2022 and December 31, 2021, respectively, were as follows (in thousands, except interest rates): Maturity Date Interest Rate December 31, Property 2022 2021 Casitas Plaza Shopping Center June 2022 5.320 % $ — $ 6,660 Riverstone Marketplace July 2022 4.960 % — 16,811 Fullerton Crossroads April 2024 4.728 % 26,000 26,000 Diamond Hills Plaza October 2025 3.550 % 34,731 35,393 60,731 84,864 Unamortized mortgage premiums 288 632 Net unamortized deferred financing costs (102) (142) Total mortgage notes payable $ 60,917 $ 85,354 The combined aggregate principal maturities of mortgage notes payable during the next five years and thereafter are as follows (in thousands): Principal Repayments Scheduled Amortization Mortgage Premium Total 2023 $ — $ 686 $ 216 $ 902 2024 26,000 708 72 26,780 2025 32,787 550 — 33,337 Thereafter — — — — Total $ 58,787 $ 1,944 $ 288 $ 61,019 Term Loan and Credit Facility The carrying values of the Company’s unsecured term loan (the “term loan”) were as follows (in thousands): December 31, 2022 2021 Term loan $ 300,000 $ 300,000 Net unamortized deferred financing costs (747) (1,111) Term loan $ 299,253 $ 298,889 The Operating Partnership has an unsecured term loan (the “term loan”) with several banks under which the lenders agreed to provide a $300.0 million unsecured term loan facility. Effective December 20, 2019, the Operating Partnership entered into the First Amendment to First Amended and Restated Term Loan Agreement (as amended, the “Term Loan Agreement”) pursuant to which the maturity date of the term loan was extended from September 8, 2022 to January 20, 2025, without further options for extension. The Term Loan Agreement also provides that the Operating Partnership may from time to time request increased aggregate commitments of $200.0 million under certain conditions set forth in the Term Loan Agreement, including the consent of the lenders for the additional commitments. Borrowings under the Term Loan Agreement accrue interest on the outstanding principal amount at a rate equal to an applicable rate based on the credit rating level of the Company, plus, as applicable, (i) a LIBOR rate determined by reference to the cost of funds for U.S. dollar deposits for the relevant period (the “Eurodollar Rate”), or (ii) a base rate determined by reference to the highest of (a) the federal funds rate plus 0.50%, (b) the rate of interest announced by KeyBank National Association as its “prime rate,” and (c) the Eurodollar Rate plus 1.00%. The Operating Partnership has an unsecured revolving credit facility (the “credit facility”) with several banks. Effective December 20, 2019, the Operating Partnership entered into the First Amendment to Second Amended and Restated Credit Agreement (as amended, the “Credit Facility Agreement”) pursuant to which the borrowing capacity under the credit facility is $600.0 million and the maturity date of the credit facility was extended from September 8, 2021 to February 20, 2024, with two six-month extension options, which may be exercised by the Operating Partnership upon satisfaction of certain conditions including the payment of extension fees. Additionally, the Credit Facility Agreement contains an accordion feature, which allows the Operating Partnership to increase the borrowing capacity under the credit facility up to an aggregate of $1.2 billion, subject to lender consents and other conditions. Borrowings under the Credit Facility Agreement accrue interest on the outstanding principal amount at a rate equal to an applicable rate based on the credit rating level of the Company, plus, as applicable, (i) the Eurodollar Rate, or (ii) a base rate determined by reference to the highest of (a) the federal funds rate plus 0.50%, (b) the rate of interest announced by KeyBank National Association as its “prime rate,” and (c) the Eurodollar Rate plus 0.90%. Additionally, the Operating Partnership is obligated to pay a facility fee at a rate based on the credit rating level of the Company, currently 0.20%, and a fronting fee at a rate of 0.125% per year with respect to each letter of credit issued under the Credit Facility Agreement, of which the Operating Partnership had none outstanding as of December 31, 2022. The Company has investment grade credit ratings from Moody’s Investors Service (Baa2), S&P Global Ratings (BBB-) and Fitch Ratings (BBB). As of December 31, 2022, $88.0 million was outstanding under the credit facility, compared to no borrowings outstanding as of December 31, 2021. The net unamortized deferred financing costs, which are included in Deferred charges, net in the accompanying consolidated balance sheets, were approximately $1.0 million as of December 31, 2022 compared to approximately $1.9 million as of December 31, 2021. The weighted average interest rate on the term loan during the year ended December 31, 2022 was 2.7%. As discussed in Note 11 of the accompanying financial statements below, the Company has historically used interest rate swaps to help manage its interest rate risk. The Company’s four interest rate swaps matured effective August 31, 2022, and accordingly the interest rate on the term loan was no longer effectively fixed and outstanding borrowings under the term loan became subject to a variable interest rate, as detailed above, effective September 1, 2022. The weighted average interest rate on the credit facility during the year ended December 31, 2022 was 3.1%. The Company had no available borrowings under the term loan at December 31, 2022. The Company had $512.0 million available to borrow under the credit facility at December 31, 2022. Senior Notes Due 2027 The carrying value of the Company’s unsecured Senior Notes Due 2027 is as follows (in thousands): December 31, 2022 2021 Principal amount $ 250,000 $ 250,000 Net unamortized deferred financing costs (874) (1,050) Senior Notes Due 2027 $ 249,126 $ 248,950 On November 10, 2017, the Operating Partnership entered into a Note Purchase Agreement which provided for the issuance of $250.0 million principal amount of 4.19% Senior Notes Due 2027 (the “Senior Notes Due 2027”) in a private placement effective December 15, 2017. The Senior Notes Due 2027 pay interest on June 15 and December 15 of each year, commencing on June 15, 2018, and mature on December 15, 2027, unless prepaid earlier by the Operating Partnership. The Operating Partnership’s performance of the obligations under the Note Purchase Agreement, including the payment of any outstanding indebtedness thereunder, are guaranteed, jointly and severally, by ROIC. Senior Notes Due 2026 The carrying value of the Company’s unsecured Senior Notes Due 2026 is as follows (in thousands): December 31, 2022 2021 Principal amount $ 200,000 $ 200,000 Net unamortized deferred financing costs (289) (366) Senior Notes Due 2026 $ 199,711 $ 199,634 On July 26, 2016, the Operating Partnership entered into a Note Purchase Agreement, as amended, which provided for the issuance of $200.0 million principal amount of 3.95% Senior Notes Due 2026 (the “Senior Notes Due 2026”) in a private placement effective September 22, 2016. The Senior Notes Due 2026 pay interest on March 22 and September 22 of each year, commencing on March 22, 2017, and mature on September 22, 2026, unless prepaid earlier by the Operating Partnership. The Operating Partnership’s performance of the obligations under the Note Purchase Agreement, including the payment of any outstanding indebtedness thereunder, are guaranteed, jointly and severally, by ROIC. Senior Notes Due 2024 The carrying value of the Company’s unsecured Senior Notes Due 2024 is as follows (in thousands): December 31, 2022 2021 Principal amount $ 250,000 $ 250,000 Unamortized debt discount (802) (1,188) Net unamortized deferred financing costs (432) (652) Senior Notes Due 2024 $ 248,766 $ 248,160 On December 3, 2014, the Operating Partnership completed a registered underwritten public offering of $250.0 million aggregate principal amount of 4.000% Senior Notes due 2024 (the “Senior Notes Due 2024”), fully and unconditionally guaranteed by ROIC. The Senior Notes Due 2024 pay interest semi-annually on June 15 and December 15, commencing on June 15, 2015, and mature on December 15, 2024, unless redeemed earlier by the Operating Partnership. The Senior Notes Due 2024 are the Operating Partnership’s senior unsecured obligations that rank equally in right of payment with the Operating Partnership’s other unsecured indebtedness, and effectively junior to (i) all of the indebtedness and other liabilities, whether secured or unsecured, and any preferred equity of the Operating Partnership’s subsidiaries, and (ii) all of the Operating Partnership’s indebtedness that is secured by its assets, to the extent of the value of the collateral securing such indebtedness outstanding. ROIC fully and unconditionally guaranteed the Operating Partnership’s obligations under the Senior Notes Due 2024 on a senior unsecured basis, including the due and punctual payment of principal of, and premium, if any, and interest on, the notes, whether at stated maturity, upon acceleration, notice of redemption or otherwise. The guarantee is a senior unsecured obligation of ROIC and ranks equally in right of payment with all other senior unsecured indebtedness of ROIC. ROIC’s guarantee of the Senior Notes Due 2024 is effectively subordinated in right of payment to all liabilities, whether secured or unsecured, and any preferred equity of its subsidiaries (including the Operating Partnership and any entity ROIC accounts for under the equity method of accounting). Senior Notes Due 2023 The carrying value of the Company’s unsecured Senior Notes Due 2023 is as follows (in thousands): December 31, 2022 2021 Principal amount $ 250,000 $ 250,000 Unamortized debt discount (502) (998) Net unamortized deferred financing costs (252) (515) Senior Notes Due 2023 $ 249,246 $ 248,487 On December 9, 2013, the Operating Partnership completed a registered underwritten public offering of $250.0 million aggregate principal amount of 5.000% Senior Notes due 2023 (the “Senior Notes Due 2023”), fully and unconditionally guaranteed by ROIC. The Senior Notes Due 2023 pay interest semi-annually on June 15 and December 15, commencing on June 15, 2014, and mature on December 15, 2023, unless redeemed earlier by the Operating Partnership. The Senior Notes Due 2023 are the Operating Partnership’s senior unsecured obligations that rank equally in right of payment with the Operating Partnership’s other unsecured indebtedness, and effectively junior to (i) all of the indebtedness and other liabilities, whether secured or unsecured, and any preferred equity of the Operating Partnership’s subsidiaries, and (ii) all of the Operating Partnership’s indebtedness that is secured by its assets, to the extent of the value of the collateral securing such indebtedness outstanding. ROIC fully and unconditionally guaranteed the Operating Partnership’s obligations under the Senior Notes Due 2023 on a senior unsecured basis, including the due and punctual payment of principal of, and premium, if any, and interest on, the notes, whether at stated maturity, upon acceleration, notice of redemption or otherwise. The guarantee is a senior unsecured obligation of ROIC and will rank equally in right of payment with all other senior unsecured indebtedness of ROIC. ROIC’s guarantee of the Senior Notes Due 2023 is effectively subordinated in right of payment to all liabilities, whether secured or unsecured, and any preferred equity of its subsidiaries (including the Operating Partnership and any entity ROIC accounts for under the equity method of accounting). The combined aggregate principal maturities of the Company’s unsecured senior notes payable during the next five years and thereafter are as follows (in thousands): Principal Repayments 2023 $ 250,000 2024 250,000 2025 — 2026 200,000 2027 250,000 Thereafter — Total $ 950,000 Deferred Financing Costs The unamortized balances of deferred financing costs associated with the Company’s term loan, Senior Notes Due 2027, Senior Notes Due 2026, Senior Notes Due 2024, Senior Notes Due 2023, and mortgage notes payable, included as a direct reduction from the carrying amount of the related debt instrument in the consolidated balance sheets, and the unamortized balances of deferred financing costs associated with the Company’s unsecured revolving credit facility, included in Deferred charges, net in the consolidated balance sheets as of December 31, 2022 that will be charged to future operations during the next five years and thereafter are as follows (in thousands): Financing Costs 2023 $ 2,008 2024 984 2025 300 2026 234 2027 170 Thereafter — $ 3,696 The Operating Partnership’s debt agreements contain customary representations, financial and other covenants, and its ability to borrow under these agreements is subject to its compliance with financial covenants and other restrictions on an ongoing basis. The Company was in compliance with such covenants at December 31, 2022.

Preferred Stock of ROIC

Preferred Stock of ROIC	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Preferred Stock of ROIC	Preferred Stock of ROIC The Company is authorized to issue 50,000,000 shares of preferred stock with such designations, voting and other rights and preferences as may be determined from time to time by the board of directors. As of December 31, 2022 and December 31, 2021, there were no shares of preferred stock outstanding.

Common Stock of ROIC

Common Stock of ROIC	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Common Stock of ROIC	Common Stock of ROIC ATM On February 20, 2020, ROIC entered into an “at the market” sales agreement, as amended on April 27, 2022 (the “Sales Agreement”), with each of (i) KeyBanc Capital Markets Inc., BTIG, LLC, BMO Capital Markets Corp., BofA Securities, Inc., Capital One Securities, Inc., Citigroup Global Markets Inc., Jefferies LLC, J.P. Morgan Securities LLC, Raymond James & Associates, Inc., Regions Securities LLC, Robert W. Baird & Co. Incorporated and Wells Fargo Securities, LLC (collectively, the “Agents”) and (ii) the Forward Purchasers (as defined below), pursuant to which ROIC may sell, from time to time, shares (any such shares, the “Primary Shares”) of ROIC’s common stock, par value $0.0001 per share (“Common Stock”), to or through the Agents and instruct certain of the Agents, acting as forward sellers (the “Forward Sellers”), to offer and sell borrowed shares (any such shares, “Forward Hedge Shares,” and collectively with the Primary Shares, the “Shares”) with the Shares to be sold under the Sales Agreement having an aggregate offering price of up to $500.0 million. The Sales Agreement contemplates that, in addition to the issuance and sale of Primary Shares to or through the Agents as principal or its sales agents, ROIC may enter into separate forward sale agreements with any of KeyBanc Capital Markets Inc., BMO Capital Markets Corp., BofA Securities, Inc., Citigroup Global Markets Inc., Jefferies LLC, J.P. Morgan Securities LLC, Raymond James & Associates, Inc. and Wells Fargo Securities, LLC or their respective affiliates (in such capacity, the “Forward Purchasers”). If ROIC enters into a forward sale agreement with any Forward Purchaser, ROIC expects that such Forward Purchaser or its affiliate will borrow from third parties and, through the relevant Forward Seller, sell a number of Forward Hedge Shares equal to the number of shares of Common Stock underlying the particular forward sale agreement, in accordance with the mutually accepted instructions related to such forward sale agreement. ROIC will not initially receive any proceeds from any sale of Forward Hedge Shares through a Forward Seller. ROIC expects to fully physically settle each particular forward sale agreement with the relevant Forward Purchaser on one or more dates specified by ROIC on or prior to the maturity date of that particular forward sale agreement by issuing shares of Common Stock (the “Confirmation Shares”), in which case ROIC expects to receive aggregate net cash proceeds at settlement equal to the number of shares of Common Stock underlying the particular forward sale agreement multiplied by the relevant forward sale price. However, ROIC may also elect to cash settle or net share settle a particular forward sale agreement, in which case ROIC may not receive any proceeds from the issuance of shares of Common Stock, and ROIC will instead receive or pay cash (in the case of cash settlement) or receive or deliver shares of Common Stock (in the case of net share settlement). During the three months ended December 31, 2022, ROIC did not sell any shares under the Sales Agreement. During the year ended December 31, 2022, ROIC sold a total of 1,288,213 shares under the Sales Agreement, which resulted in gross proceeds of approximately $25.2 million and commissions of approximately $252,000 paid to the Agents. Stock Repurchase Program On July 31, 2013, ROIC’s board of directors authorized a stock repurchase program to repurchase up to a maximum of $50.0 million of the Company’s common stock. During the year ended December 31, 2022, the Company did not repurchase any shares of common stock under this program.

Stock Compensation and Other Be

Stock Compensation and Other Benefit Plans for ROIC	12 Months Ended
	Dec. 31, 2022
Share-based Payment Arrangement [Abstract]
Stock Compensation and Other Benefit Plans for ROIC	Stock Compensation and Other Benefit Plans for ROIC ROIC follows the FASB guidance related to stock compensation which establishes financial accounting and reporting standards for stock-based employee compensation plans, including all arrangements by which employees receive shares of stock or other equity instruments of the employer, or the employer incurs liabilities to employees in amounts based on the price of the employer’s stock. The guidance also defines a fair value-based method of accounting for an employee stock option or similar equity instrument. On April 25, 2022, the Company adopted the Company’s Second Amended and Restated 2009 Equity Incentive Plan (the “Equity Incentive Plan”) that amended and restated the Amended and Restated 2009 Equity Incentive Plan (the “Prior Plan”). The types of awards that may be granted under the Equity Incentive Plan include stock options, restricted shares, share appreciation rights, phantom shares, dividend equivalent rights and other equity-based awards. The Equity Incentive Plan has a fungible unit system that counts the number of shares of the Company’s common stock used in the issuance of full-value awards, such as restricted shares and LTIP Units, differently than the number of shares of common stock used in the issuance of stock options. A total of 10,954,694 Fungible Units (as defined in the Equity Incentive Plan) are reserved for grant under the Equity Incentive Plan. The 10,954,694 Fungible Units represent a maximum of 5,002,143 shares of the Company’s common stock that could be granted pursuant to the Equity Incentive Plan as full-value awards, such as restricted shares, based on the 2.19 to 1.0 Fungible Unit-to-full-value award conversion ratio. A maximum of 10,954,694 shares of the Company’s common stock may be issued pursuant to the Equity Incentive Plan if all grants made under the Equity Incentive Plan are granted as stock options, based on a 1.0 to 1.0 Fungible Unit-to-stock option award conversion ratio. The Equity Incentive Plan will expire on April 25, 2032. The Company has made under the Prior Plan, and may make under the Equity Incentive Plan, certain awards in the form of a separate series of units of limited partnership interests in its Operating Partnership called LTIP Units. LTIP Units can be granted either as free-standing awards or in tandem with other awards under the Equity Incentive Plan. The LTIP Units are subject to such conditions and restrictions as the compensation committee may determine, including continued employment or service, achievement of pre-established operational performance goals and market-indexed performance criteria. Upon the occurrence of specified events and subject to the satisfaction of applicable vesting conditions, LTIP Units (after conversion into OP Units, in accordance with the Partnership Agreement) are ultimately redeemable for cash or at ROIC’s option, for shares of ROIC common stock on a one-for-one basis. Restricted Stock During the year ended December 31, 2022, ROIC awarded 574,070 shares of restricted common stock under the Prior Plan, of which 192,464 shares are performance-based grants and the remainder of the shares are time-based grants. The performance-based grants vest based on both pre-defined operational and market-indexed performance criteria with a vesting date on January 1, 2025. A summary of the status of the Company’s non-vested restricted stock awards as of December 31, 2022, and changes during the year ended December 31, 2022 are presented below: Shares Weighted Average Non-vested as of December 31, 2021 1,153,471 $ 16.77 Vested (402,795) $ 16.42 Granted 574,070 $ 18.98 Forfeited (14,148) $ 17.11 Non-vested as of December 31, 2022 1,310,598 $ 17.85 As of December 31, 2022, there remained a total of approximately $11.5 million of unrecognized restricted stock compensation expense related to outstanding non-vested restricted stock grants awarded under the Prior Plan. Restricted stock compensation is expected to be expensed over a remaining weighted average period of 1.7 years (irrespective of achievement of the performance conditions). The total fair value of restricted stock that vested during the years ended December 31, 2022, 2021 and 2020 was approximately $7.9 million, $5.5 million and $6.6 million, respectively. LTIP Units During the year ended December 31, 2022, 201,860 LTIP Units vested under the Prior Plan, issued at a weighted average grant date fair value of $16.35. Vesting of the LTIP Units was based on the Company’s achievement of certain performance criteria during the performance period from January 1, 2019 to December 31, 2021. Vested LTIP Units, after achieving parity with OP Units (as described in the Operating Partnership’s Second Amended and Restated Agreement of Limited Partnership, as amended (the “Partnership Agreement”)), are eligible to be converted into OP Units on a one-for-one basis upon the satisfaction of conditions set forth in the Partnership Agreement. On January 18, 2022, 201,860 LTIP Units were converted by the Company into 201,860 OP Units upon satisfying such conditions. Upon conversion of LTIP Units into OP Units, holders are able to redeem their OP Units for cash or, at ROIC’s option, for shares of ROIC common stock on a one-for-one basis. Stock Based Compensation Expense For the years ended December 31, 2022, 2021 and 2020, the amounts charged to expense for all stock based compensation arrangements totaled approximately $11.9 million, $11.0 million and $8.9 million, respectively. Profit Sharing and Savings Plan During 2011, the Company established a profit sharing and savings plan (the “401K Plan”), which permits eligible employees to defer a portion of their compensation in accordance with the Code. Under the 401K Plan, the Company made matching contributions on behalf of eligible employees. The Company made contributions to the 401K Plan of approximately $97,000, $95,000 and $89,000 for the years ended December 31, 2022, 2021 and 2020, respectively.

Capital of the Operating Partne

Capital of the Operating Partnership	12 Months Ended
	Dec. 31, 2022
Partners' Capital Notes [Abstract]
Capital of the Operating Partnership	Capital of the Operating Partnership As of December 31, 2022, the Operating Partnership had 132,985,928 OP Units outstanding. ROIC owned an approximate 93.6% interest in the Operating Partnership at December 31, 2022, or 124,538,811 OP Units. The remaining 8,447,117 OP Units are owned by other limited partners. A share of ROIC’s common stock and an OP Unit have essentially the same economic characteristics as they share equally in the total net income or loss and distributions of the Operating Partnership. As of December 31, 2022, subject to certain exceptions, holders are able to redeem their OP Units for cash or, at ROIC’s option, for shares of ROIC common stock on a one-for-one basis. If cash is paid in the redemption, the redemption price is equal to the average closing price on the NASDAQ Stock Market for shares of ROIC’s common stock over the ten consecutive trading days immediately preceding the date a redemption notice is received by ROIC. During the year ended December 31, 2022, ROIC received notices of redemption for a total of 296,840 OP Units. ROIC elected to redeem the 296,840 OP Units for shares of ROIC common stock on a one-for-one basis, and accordingly, 296,840 shares of ROIC common stock were issued. The redemption value of outstanding OP Units owned by the limited partners as of December 31, 2022, not including ROIC, had such units been redeemed at December 31, 2022, was approximately $126.8 million, calculated based on the average closing price of ROIC’s common stock on the NASDAQ Stock Market for the ten consecutive trading days immediately preceding December 31, 2022, which amounted to $15.01 per share. Retail Opportunity Investments GP, LLC, ROIC’s wholly-owned subsidiary, is the sole general partner of the Operating Partnership, and as the parent company, ROIC has the full and complete authority over the Operating Partnership’s day-to-day management and control. As the sole general partner of the Operating Partnership, ROIC effectively controls the ability to issue common stock of ROIC upon redemption of any OP Units. The redemption provisions that permit ROIC to settle the redemption of OP Units in either cash or common stock, in the sole discretion of ROIC, are further evaluated in accordance with applicable accounting guidance to determine whether temporary or permanent equity classification on the balance sheet is appropriate. The Company evaluated this guidance, including the ability, in its sole discretion, to settle in unregistered shares of common stock, and determined that the OP Units meet the requirements to qualify for presentation as permanent equity.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company follows the FASB guidance that defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. The guidance applies to reported balances that are required or permitted to be measured at fair value under existing accounting pronouncements; accordingly, the standard does not require any new fair value measurements of reported balances. The guidance emphasizes that fair value is a market-based measurement, not an entity-specific measurement. Therefore, a fair value measurement should be determined based on the assumptions that market participants would use in pricing the asset or liability. As a basis for considering market participant assumptions in fair value measurements, the guidance establishes a fair value hierarchy that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity (observable inputs that are classified within Levels 1 and 2 of the hierarchy) and the reporting entity’s own assumptions about market participant assumptions (unobservable inputs classified within Level 3 of the hierarchy). Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access. Level 2 inputs are inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs may include quoted prices for similar assets and liabilities in active markets, as well as inputs that are observable for the asset or liability (other than quoted prices), such as interest rates, foreign exchange rates, and yield curves that are observable at commonly quoted intervals. Level 3 inputs are unobservable inputs for the asset or liability, which are typically based on an entity’s own assumptions, as there is little, if any, related market activity. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability. The following disclosures of estimated fair value were determined by management, using available market information and appropriate valuation methodologies as discussed in Note 1. Considerable judgment is necessary to interpret market data and develop estimated fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts realizable upon disposition of the financial instruments. The use of different market assumptions or estimation methodologies may have a material effect on the estimated fair value amounts. The carrying values of cash and cash equivalents, restricted cash, tenant and other receivables, deposits, prepaid expenses, other assets, accounts payable and accrued expenses are reasonable estimates of their fair values because of the short-term nature of these instruments. The carrying values of the term loan and credit facility are deemed to be at fair value since the outstanding debt is directly tied to monthly LIBOR contracts. The fair value of the outstanding Senior Notes Due 2027 and Senior Notes Due 2026 at December 31, 2022 was approximately $223.3 million and $181.8 million, respectively, calculated using significant inputs which are not observable in the market, or Level 3. The fair value of the outstanding Senior Notes Due 2024 and Senior Notes Due 2023 at December 31, 2022 was approximately $241.5 million and $248.8 million, respectively, based on inputs not quoted on active markets, but corroborated by market data, or Level 2. Assumed mortgage notes payable were recorded at their fair value at the time they were assumed. The Company’s outstanding mortgage notes payable were estimated to have a fair value of approximately $57.5 million with a weighted average interest rate of 7.3% as of December 31, 2022. These fair value measurements fall within Level 3 of the fair value hierarchy.

Derivative and Hedging Activiti

Derivative and Hedging Activities	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative and Hedging Activities	Derivative and Hedging Activities The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company has historically used interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. The changes in the fair value of derivatives that are designated as cash flow hedges are recorded in accumulated other comprehensive income (“AOCI”) and are subsequently reclassified into earnings during the period in which the hedged forecasted transaction affects earnings. The valuation of these instruments is determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of the derivative. This analysis reflects the contractual terms of the derivative, including the period to maturity, and uses observable market-based inputs, including interest rate curves, and implied volatilities. The fair value of interest rate swaps is determined using the market standard methodology of netting the discounted future fixed cash receipts (or payments) and the discounted expected variable cash payments (or receipts). The variable cash payments (or receipts) are based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves. The Company incorporated credit valuation adjustments to appropriately reflect both its own non-performance risk and the respective counterparties’ non-performance risk in the fair value measurements. In adjusting the fair value of its derivative contract for the effect of non-performance risk, the Company considered the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts, and guarantees. Although the Company determined that the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with its derivatives utilized Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by the Company and its counterparties. However, the Company assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and determined that the credit valuation adjustments were not significant to the overall valuation of its derivatives. As a result, the Company determined that its derivative valuation in its entirety was classified in Level 2 of the fair value hierarchy. The Company’s four interest rate swaps that effectively fixed the interest rate on the Company’s term loan matured effective August 31, 2022. The table below presents the Company’s assets and liabilities measured at fair value on a recurring basis, aggregated by the level in the fair value hierarchy within which those measurements fall (in thousands): Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total December 31, 2021: Liabilities Derivative financial instruments $ — $ (3,447) $ — $ (3,447) Amounts paid, or received, to cash settle interest rate derivatives prior to their maturity date are recorded in AOCI at the cash settlement amount, and will be reclassified to interest expense as interest expense is recognized on the hedged debt. During the next twelve months, the Company estimates that approximately $15,000 will be reclassified as a non-cash decrease to interest expense related to the Company’s previously cash-settled swap arrangements. The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the balance sheet as of December 31, 2022 and December 31, 2021, respectively (in thousands): Derivatives designed as hedging instruments Balance sheet location December 31, 2022 Fair Value December 31, 2021 Fair Value Interest rate products Other liabilities $ — $ (3,447) Derivatives in Cash Flow Hedging Relationships The table below details the location in the financial statements of the gain or loss recognized on interest rate derivatives designated as cash flow hedges for the years ended December 31, 2022, 2021, and 2020, respectively (in thousands): Year Ended December 31, 2022 2021 2020 Amount of gain (loss) recognized in OCI on derivatives $ 1,104 $ 216 $ (9,925) Amount of loss reclassified from AOCI into interest $ 2,286 $ 5,894 $ 4,572

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies In the normal course of business, from time to time, the Company is involved in legal actions relating to the ownership and operations of its properties. In management’s opinion, the liabilities, if any, that ultimately may result from such legal actions are not expected to have a material adverse effect on the consolidated financial position, results of operations or liquidity of the Company. The Company has signed several ground leases in which the Company is the lessee for the land beneath all or a portion of the buildings for certain properties. As of December 31, 2022, the Company’s net lease liability of approximately $16.7 million, which is included in Other liabilities Other assets 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, 2022 (in thousands): Operating Leases 2023 $ 1,345 2024 1,351 2025 1,356 2026 1,376 2027 1,404 Thereafter 28,872 Total undiscounted future minimum lease payments 35,704 Future minimum lease payments, discount (18,968) Lease liability $ 16,736 Tax Protection Agreements In connection with certain acquisitions from September 2013 through March 2017, the Company entered into Tax Protection Agreements with certain limited partners of the Operating Partnership. The Tax Protection Agreements require the Company, subject to certain exceptions, to indemnify the respective sellers receiving OP Units against certain tax liabilities incurred by them, as calculated pursuant to the respective Tax Protection Agreements, for a period of 12 years (with respect to Tax Protection Agreements entered into in September 2013), or 10 years (with respect to Tax Protection Agreements entered into

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The Company has entered into several lease agreements with an officer of the Company, whereby pursuant to the lease agreements, the Company is provided the use of storage space. For the years ended December 31, 2022, 2021, and 2020, the Company incurred approximately $95,000, $85,000 and $84,000, respectively, of expenses relating to the agreements which were included in General and administrative expenses in the accompanying consolidated statements of operations and comprehensive income.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsOn February 14, 2023, the Company’s board of directors declared a cash dividend on its common stock and a distribution on the Operating Partnership’s OP Units of $0.15 per share and per OP Unit, payable on April 7, 2023 to holders of record on March 17, 2023.

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2022
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure	SCHEDULE III – REAL ESTATE AND ACCUMULATED DEPRECIATION December 31, 2022 (in thousands) Initial Cost to Company Cost Capitalized Subsequent to Acquisition Amount at Which Carried at Close of Period Description and Location Encumbrances Land Building & Land Building & Land Building & Accumulated Depreciation (b) (1) Date of Acquisition Paramount Plaza, CA $ — $ 6,347 $ 10,274 $ 822 $ 1,414 $ 7,169 $ 11,688 $ 18,857 $ 4,744 12/22/2009 Santa Ana Downtown Plaza, CA — 7,895 9,890 — 4,018 7,895 13,908 21,803 5,249 1/26/2010 Meridian Valley Plaza, WA — 1,881 4,795 — 1,543 1,881 6,338 8,219 2,750 2/1/2010 The Market at Lake Stevens, WA — 3,087 12,397 — (348) 3,087 12,049 15,136 4,137 3/16/2010 Pleasant Hill Marketplace, CA — 6,359 6,927 — 842 6,359 7,769 14,128 3,009 4/8/2010 Happy Valley Town Center, OR — 11,678 27,011 — 4,950 11,678 31,961 43,639 11,817 7/14/2010 Cascade Summit Town Square, OR — 8,853 7,732 — 2,653 8,853 10,385 19,238 3,233 8/20/2010 Heritage Market Center, WA — 6,595 17,399 — 1,969 6,595 19,368 25,963 6,647 9/23/2010 Claremont Promenade, CA — 5,975 1,019 183 4,009 6,158 5,028 11,186 3,256 9/23/2010 Sycamore Creek, CA — 3,747 11,584 — 383 3,747 11,967 15,714 4,861 9/30/2010 Gateway Village, CA — 5,917 27,298 — 1,149 5,917 28,447 34,364 10,021 12/16/2010 Division Crossing, OR — 3,706 8,327 8 5,601 3,714 13,928 17,642 6,341 12/22/2010 Halsey Crossing, OR (2) — — 7,773 — 7,668 — 15,441 15,441 5,553 12/22/2010 Marketplace Del Rio, CA — 13,420 22,251 9 7,482 13,429 29,733 43,162 9,397 1/3/2011 Pinole Vista Shopping Center, CA — 14,288 36,565 — 9,702 14,288 46,267 60,555 12,295 1/6/2011 Desert Springs Marketplace, CA — 8,517 18,761 443 6,551 8,960 25,312 34,272 8,432 2/17/2011 Renaissance Towne Centre, CA — 8,640 13,848 — 3,214 8,640 17,062 25,702 5,612 8/3/2011 Country Club Gate Center, CA — 6,487 17,341 — 1,008 6,487 18,349 24,836 5,786 7/8/2011 Canyon Park Shopping Center, WA — 9,352 15,916 — 8,307 9,352 24,223 33,575 9,127 7/29/2011 Hawks Prairie Shopping Center, WA — 5,334 20,694 — 4,265 5,334 24,959 30,293 7,937 9/8/2011 The Kress Building, WA — 5,693 20,866 — 3,252 5,693 24,118 29,811 7,800 9/30/2011 Hillsboro Market Center, OR (2) — — 17,553 — 4,683 — 22,236 22,236 8,079 11/23/2011 Gateway Shopping Center, WA (2) — 6,242 23,462 — 966 6,242 24,428 30,670 7,506 2/16/2012 Marlin Cove Shopping Center, CA — 8,815 6,797 — 1,999 8,815 8,796 17,611 3,603 5/4/2012 Seabridge Marketplace, CA — 5,098 17,164 — 4,122 5,098 21,286 26,384 6,027 5/31/2012 The Village at Novato, CA — 5,329 4,412 — 2,971 5,329 7,383 12,712 1,605 7/24/2012 Glendora Shopping Center, CA — 5,847 8,758 12 416 5,859 9,174 15,033 3,196 8/1/2012 Wilsonville Old Town Square, OR — 4,181 15,394 — 2,674 4,181 18,068 22,249 5,248 2010/2012 Bay Plaza, CA — 5,454 14,857 75 1,164 5,529 16,021 21,550 4,915 10/5/2012 Santa Teresa Village, CA — 14,965 17,162 — 14,803 14,965 31,965 46,930 8,126 11/8/2012 Cypress Center West, CA — 15,480 11,819 125 2,160 15,605 13,979 29,584 4,684 12/7/2012 Redondo Beach Plaza, CA — 16,242 13,625 120 558 16,362 14,183 30,545 4,498 12/28/2012 Harbor Place Center, CA — 16,506 10,527 — 6,115 16,506 16,642 33,148 3,693 12/28/2012 Initial Cost to Company Cost Capitalized Subsequent to Acquisition Amount at Which Carried at Close of Period Description and Location Encumbrances Land Building & Land Building & Land Building & Accumulated Depreciation (b) (1) Date of Acquisition Diamond Bar Town Center, CA — 9,540 16,795 — 4,452 9,540 21,247 30,787 7,800 2/1/2013 Bernardo Heights Plaza, CA — 3,192 8,940 — 573 3,192 9,513 12,705 3,041 2/6/2013 Canyon Crossing, WA — 7,941 24,659 — 2,238 7,941 26,897 34,838 9,081 4/15/2013 Diamond Hills Plaza, CA 34,731 15,458 29,353 — 4,377 15,458 33,730 49,188 8,563 4/22/2013 Granada Shopping Center, CA — 3,673 13,459 — 6,615 3,673 20,074 23,747 3,533 6/27/2013 Hawthorne Crossings, CA — 10,383 29,277 — 355 10,383 29,632 40,015 7,978 6/27/2013 Robinwood Shopping Center, OR — 3,997 11,317 18 565 4,015 11,882 15,897 3,344 8/23/2013 5 Points Plaza, CA — 17,920 36,965 — 5,310 17,920 42,275 60,195 11,320 9/27/2013 Crossroads Shopping Center, WA — 68,366 67,756 — 36,687 68,366 104,443 172,809 27,962 2010/2013 Peninsula Marketplace, CA — 14,730 19,214 — 1,225 14,730 20,439 35,169 5,343 11/1/2013 Country Club Village, CA — 9,986 26,579 — 1,084 9,986 27,663 37,649 7,433 11/26/2013 Plaza de la Canada, CA (2) — 10,351 24,819 — 1,300 10,351 26,119 36,470 6,861 12/13/2013 Tigard Marketplace, OR — 13,587 9,603 — 308 13,587 9,911 23,498 3,278 2/18/2014 Creekside Plaza, CA — 14,807 29,476 — 7,401 14,807 36,877 51,684 9,217 2/28/2014 North Park Plaza, CA — 13,593 17,733 — 3,323 13,593 21,056 34,649 5,289 4/30/2014 Fallbrook Shopping Center, CA (2) — 21,232 186,197 83 7,907 21,315 194,104 215,419 48,129 6/13/2014 Moorpark Town Center, CA — 7,063 19,694 — 629 7,063 20,323 27,386 4,721 12/4/2014 Mission Foothill Marketplace Pads, CA — 3,996 11,051 14 617 4,010 11,668 15,678 2,460 12/4/2014 Wilsonville Town Center, OR — 10,334 27,101 — 1,698 10,334 28,799 39,133 7,334 12/11/2014 Park Oaks Shopping Center, CA — 8,527 38,064 — 381 8,527 38,445 46,972 9,068 1/6/2015 Ontario Plaza, CA — 9,825 26,635 — 1,384 9,825 28,019 37,844 7,435 1/6/2015 Winston Manor, CA — 10,018 9,762 — 1,944 10,018 11,706 21,724 3,023 1/7/2015 Jackson Square, CA — 6,886 24,558 — 863 6,886 25,421 32,307 5,752 7/1/2015 Tigard Promenade, OR — 9,844 10,843 — 291 9,844 11,134 20,978 2,477 7/28/2015 Sunnyside Village Square, OR — 4,428 13,324 — 2,531 4,428 15,855 20,283 4,235 7/28/2015 Gateway Centre, CA — 16,275 28,308 — 3,682 16,275 31,990 48,265 6,751 9/1/2015 Johnson Creek Center, OR — 9,009 22,534 — 1,115 9,009 23,649 32,658 5,449 11/9/2015 Iron Horse Plaza, CA — 8,187 39,654 11 2,964 8,198 42,618 50,816 9,095 12/4/2015 Bellevue Marketplace, WA — 10,488 39,119 — 10,434 10,488 49,553 60,041 10,781 12/10/2015 Four Corner Square, WA — 9,926 31,415 36 490 9,962 31,905 41,867 7,153 12/21/2015 Warner Plaza, CA — 16,104 60,188 — 11,209 16,104 71,397 87,501 14,881 12/31/2015 Magnolia Shopping Center, CA — 12,501 27,040 154 1,998 12,655 29,038 41,693 6,280 3/10/2016 Casitas Plaza Shopping Center, CA — 10,734 22,040 — 1,505 10,734 23,545 34,279 4,658 3/10/2016 Bouquet Center, CA — 10,040 48,362 18 887 10,058 49,249 59,307 9,275 4/28/2016 North Ranch Shopping Center, CA — 31,522 95,916 — 2,676 31,522 98,592 130,114 18,037 6/1/2016 Monterey Center, CA (2) — 1,073 10,609 — 679 1,073 11,288 12,361 2,212 7/14/2016 Rose City Center, OR (2) — 3,637 10,301 — (105) 3,637 10,196 13,833 1,840 9/15/2016 Initial Cost to Company Cost Capitalized Subsequent to Acquisition Amount at Which Carried at Close of Period Description and Location Encumbrances Land Building & Land Building & Land Building & Accumulated Depreciation (b) (1) Date of Acquisition The Knolls, CA — 9,726 18,299 — 121 9,726 18,420 28,146 3,486 10/3/2016 Bridle Trails Shopping Center, WA — 11,534 20,700 — 9,704 11,534 30,404 41,938 6,253 10/17/2016 Torrey Hills Corporate Center, CA — 5,579 3,915 — 2,011 5,579 5,926 11,505 2,636 12/6/2016 PCC Community Markets Plaza, WA — 1,856 6,914 — 7 1,856 6,921 8,777 1,334 1/25/2017 The Terraces, CA — 18,378 37,103 — 1,690 18,378 38,793 57,171 6,811 3/17/2017 Santa Rosa Southside Shopping Center, CA — 5,595 24,453 — 11,994 5,595 36,447 42,042 5,324 3/24/2017 Division Center, OR — 6,912 26,098 — 7,157 6,912 33,255 40,167 5,323 4/5/2017 Highland Hill Shopping Center, WA — 10,511 37,825 66 2,908 10,577 40,733 51,310 6,409 5/9/2017 Monta Loma Plaza, CA — 18,226 11,113 — 215 18,226 11,328 29,554 1,810 9/19/2017 Fullerton Crossroads, CA 26,000 28,512 45,419 — 1,062 28,512 46,481 74,993 7,542 10/11/2017 Riverstone Marketplace, WA — 5,113 27,594 — 789 5,113 28,383 33,496 4,501 10/11/2017 North Lynnwood Shopping Center, WA — 4,955 10,335 21 5,189 4,976 15,524 20,500 2,452 10/19/2017 The Village at Nellie Gail Ranch, CA — 22,730 22,578 — 1,924 22,730 24,502 47,232 4,066 11/30/2017 Stadium Center, WA — 1,699 17,229 45 116 1,744 17,345 19,089 2,272 2/23/2018 King City Plaza, OR — 5,161 10,072 — 460 5,161 10,532 15,693 1,445 5/18/2018 Summerwalk Village, WA — 4,312 7,567 — 3,012 4,312 10,579 14,891 973 12/13/2019 Canyon Creek Plaza, CA — 13,067 13,455 — 24 13,067 13,479 26,546 783 9/1/2021 Palomar Village, CA — 9,642 26,925 — 1,014 9,642 27,939 37,581 1,289 10/12/2021 South Point Plaza, WA — 18,465 25,491 3 2,175 18,468 27,666 46,134 1,258 11/10/2021 Olympia West Center, WA — 5,716 18,378 — 17 5,716 18,395 24,111 744 12/6/2021 Powell Valley Junction, OR — 6,334 15,685 — 599 6,334 16,284 22,618 367 4/1/2022 Olympia Square North, WA — 6,005 15,999 — 4 6,005 16,003 22,008 391 4/1/2022 Village Oaks Shopping Center, CA — 10,757 19,626 — 166 10,757 19,792 30,549 387 5/17/2022 Thomas Lake Shopping Center, WA — 16,380 18,685 — 3 16,380 18,688 35,068 245 8/19/2022 Ballinger Village, WA — 11,696 16,268 6 57 11,702 16,325 28,027 219 8/19/2022 $ 60,731 $ 955,964 $ 2,146,584 $ 2,272 $ 306,273 $ 958,236 $ 2,452,857 $ 3,411,093 $ 578,593 a. RECONCILIATION OF REAL ESTATE – OWNED SUBJECT TO OPERATING LEASES (in thousands) Year Ended December 31, 2022 2021 2020 Balance at beginning of period: $ 3,266,155 $ 3,156,552 $ 3,131,841 Property improvements during the year 55,086 48,570 38,913 Properties acquired during the year 134,706 136,105 — Properties sold during the year (30,995) (61,491) — Assets written off during the year (13,859) (13,581) (14,202) Balance at end of period: $ 3,411,093 $ 3,266,155 $ 3,156,552 b. RECONCILIATION OF ACCUMULATED DEPRECIATION (in thousands) Year Ended December 31, 2022 2021 2020 Balance at beginning of period: $ 510,836 $ 460,165 $ 390,916 Depreciation expenses 86,354 82,957 83,774 Properties sold during the year (4,112) (18,476) — Property assets fully depreciated and written off (14,485) (13,810) (14,525) Balance at end of period: $ 578,593 $ 510,836 $ 460,165 (1) Depreciation and investments in building and improvements reflected in the consolidated statements of operations is calculated over the estimated useful life of the assets as follows: Building: 39-40 years Property Improvements: 10-20 years (2) Property, or a portion thereof, is subject to a ground lease. (3) The aggregate cost for Federal Income Tax Purposes for real estate was approximately $3.1 billion at December 31, 2022.

Schedule IV - Mortgage Loans on

Schedule IV - Mortgage Loans on Real Estate	12 Months Ended
	Dec. 31, 2022
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract]
Schedule IV - Mortgage Loans on Real Estate	SCHEDULE IV – MORTGAGE LOANS ON REAL ESTATE December 31, 2022 (in thousands) a. RECONCILIATION OF MORTGAGE LOANS ON REAL ESTATE (in thousands) Year Ended December 31, 2022 2021 2020 Balance at beginning of period: $ 4,875 $ 4,959 $ 13,000 Repayments on mortgage note receivable (89) (84) (8,041) Balance at end of period: $ 4,786 $ 4,875 $ 4,959

Organization, Basis of Presen_2

Organization, Basis of Presentation and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements In March 2020, the FASB issued Accounting Standard Update (“ASU”) No. 2020-04 “Reference Rate Reform (Topic 848).” ASU No. 2020-04 contains practical expedients for reference rate reform related activities that impact debt, leases, derivatives and other contracts. The guidance in ASU No. 2020-04 is optional and may be elected over time as reference rate reform activities occur. During the quarter ended March 31, 2020, the Company elected to apply the hedge accounting expedients related to probability and the assessments of effectiveness for future LIBOR-indexed cash flows to assume that the index upon which future hedged transactions will be based matches the index on the corresponding derivatives. Application of these expedients preserves the presentation of derivatives consistent with past presentation. The Company continues to evaluate the impact of the guidance and may apply other elections as applicable as additional changes in the market occur. In December 2022, the FASB issued ASU No. 2022-06 “Deferral of the Sunset Date of Topic 848” which was issued to defer the sunset date of Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform to December 31, 2024. ASU No. 2022-06 is effective immediately for all companies. ASU No. 2022-06 had no impact on the Company’s consolidated financial statements for the year ended December 31, 2022.
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements are prepared on the accrual basis in accordance with accounting principles generally accepted in the United States (“GAAP”). In the opinion of management, the consolidated financial statements include all adjustments necessary, which are of a normal and recurring nature, for the fair presentation of the Company’s financial position and the results of operations and cash flows for the periods presented. The consolidated financial statements include the accounts of the Company and those of its subsidiaries, which are wholly-owned or controlled by the Company. Entities which the Company does not control through its voting interest and entities which are variable interest entities (“VIEs”), but where it is not the primary beneficiary, are accounted for under the equity method. All significant intercompany balances and transactions have been eliminated. The Company follows the FASB guidance for determining whether an entity is a VIE and requires the performance of a qualitative rather than a quantitative analysis to determine the primary beneficiary of a VIE. Under this guidance, an entity would be required to consolidate a VIE if it has (i) the power to direct the activities that most significantly impact the entity’s economic performance and (ii) the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could be significant to the VIE. The Company has concluded that the Operating Partnership is a VIE, and because they have both the power and the rights to control the Operating Partnership, they are the primary beneficiary and are required to continue to consolidate the Operating Partnership. A non-controlling interest in a consolidated subsidiary is defined as the portion of the equity (net assets) in a subsidiary not attributable, directly or indirectly, to a parent. Non-controlling interests are required to be presented as a separate component of equity in the consolidated balance sheets and modify the presentation of net income by requiring earnings and other comprehensive income to be attributed to controlling and non-controlling interests.
Use of Estimates	Use of Estimates 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, and the valuation of performance-based restricted stock, LTIP Units (as defined below), and derivatives. Actual results could differ from these estimates.
Federal Income Taxes	Federal Income Taxes The Company has elected to qualify as a REIT under Sections 856-860 of the Internal Revenue Code (the “Code”). Under those sections, a REIT that, among other things, distributes at least 90% of its REIT taxable income (determined without regard to the dividends paid deduction and excluding net capital gains) and meets certain other qualifications prescribed by the Code, will not be taxed on that portion of its taxable income that is distributed. Although it may qualify as a REIT for U.S. federal income tax purposes, the Company is subject to state income or franchise taxes in certain states in which some of its properties are located. For all periods from inception through September 26, 2013 the Operating Partnership had been an entity disregarded from its sole owner, ROIC, for U.S. federal income tax purposes and as such had not been subject to U.S. federal income taxes. Effective September 27, 2013, the Operating Partnership issued OP Units in connection with the acquisitions of two shopping centers. Accordingly, the Operating Partnership ceased being a disregarded entity and instead is being treated as a partnership for U.S. federal income tax purposes. The Company follows the FASB guidance that defines a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The FASB also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. The Company records interest and penalties relating to unrecognized tax benefits, if any, as interest expense. As of December 31, 2022, the statute of limitations for the tax years 2018 through and including 2021 remain open for examination by the Internal Revenue Service (“IRS”) and state taxing authorities. ROIC intends to make regular quarterly distributions to holders of its common stock. U.S. federal income tax law generally requires that a REIT distribute annually at least 90% of its REIT taxable income, without regard to the deduction for dividends paid and excluding net capital gains, and that it pay U.S. federal income tax at regular corporate rates to the extent that it annually distributes less than 100% of its net taxable income. ROIC intends to pay regular quarterly dividends to stockholders in an amount not less than its net taxable income, if and to the extent authorized by its board of directors. Before ROIC pays any dividend, whether for U.S. federal income tax purposes or otherwise, it must first meet both its operating requirements and its debt service on debt. If ROIC’s cash available for distribution is less than its net taxable income, it could be required to sell assets or borrow funds to make cash distributions or it may make a portion of the required distribution in the form of a taxable stock distribution or distribution of debt securities. The Company intends to continue to operate its business in a manner that will allow it to qualify as a REIT, including maintaining compliance with taxable income distribution requirements. The following table sets forth the dividends declared per share of ROIC’s common stock and the tax status for U.S. federal income tax purposes of such dividends declared during the year ended December 31, 2022. Record Date Payable Date Total Distribution per Share Ordinary Income per Share Section 199A Dividends (1) 3/18/2022 4/8/2022 $0.1300 $0.1300 $0.1300 6/17/2022 7/8/2022 $0.1300 $0.1300 $0.1300 9/16/2022 10/7/2022 $0.1500 $0.1500 $0.1500 12/15/2022 12/29/2022 $0.1500 $0.1500 $0.1500 ______________________ (1) Represents dividends eligible for the 20% qualified business income deduction under Section 199A, and is included in “Ordinary Income per Share”
Real Estate Investments	Real Estate Investments All costs related to the improvement or replacement of real estate properties are capitalized. Additions, renovations and improvements that enhance and/or extend the useful life of a property are also capitalized. Expenditures for ordinary maintenance, repairs and improvements that do not materially prolong the normal useful life of an asset are charged to operations as incurred. During the years ended December 31, 2022 and 2021, capitalized costs related to the improvement or replacement of real estate properties were approximately $55.1 million and $48.6 million, respectively. The Company evaluates each acquisition of real estate to determine if the acquired property meets the definition of a business and needs to be accounted for as a business combination. The Company first determines whether substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets. If this threshold is met, the acquired property does not meet the definition of a business and is accounted for as an asset acquisition. The Company expects that acquisitions of real estate properties will not meet the revised definition of a business because substantially all of the fair value is concentrated in a single identifiable asset or group of similar identifiable assets (i.e. land, buildings, and related intangible assets). The Company recognizes the acquisition of real estate properties, including acquired tangible assets (consisting of land, buildings and improvements), and acquired intangible assets and liabilities (consisting of above-market and below-market leases and acquired in-place leases) at their fair value (for acquisitions meeting the definition of a business) and relative fair value (for acquisitions not meeting the definition of a business). The relative fair values used to allocate the cost of an asset acquisition are determined using the same methodologies and assumptions the Company utilizes to determine fair value in a business combination. Acquired lease intangible assets include above-market leases and acquired in-place leases, and acquired lease intangible liabilities represent below-market leases, in the accompanying consolidated balance sheets. The fair value of the tangible assets of an acquired property is determined by valuing the property as if it were vacant, which value is then allocated to land, buildings and improvements based on management’s determination of the relative fair values of these assets. In valuing an acquired property’s intangibles, factors considered by management include an estimate of carrying costs during the expected lease-up periods, and estimates of lost rental revenue during the expected lease-up periods based on management’s evaluation of current market demand. Management also estimates costs to execute similar leases, including leasing commissions, tenant improvements, legal and other related costs. Leasing commissions, legal and other related costs (“lease origination costs”) are classified as Deferred charges in the accompanying consolidated balance sheets. The value of in-place leases is measured by the excess of (i) the purchase price paid for a property after adjusting existing in-place leases to market rental rates, over (ii) the estimated fair value of the property as if it were vacant. Above-market and below-market lease values are recorded based on the present value (using a discount rate which reflects the risks associated with the leases acquired) of the difference between the contractual amounts to be received and management’s estimate of market lease rates, measured over the terms of the respective leases that management deemed appropriate at the time of acquisition. Such valuations include a consideration of the non-cancellable terms of the respective leases as well as any applicable renewal periods. The fair values associated with below-market rental renewal options are determined based on the Company’s experience and the relevant facts and circumstances that existed at the time of the acquisitions. The value of the above-market and below-market leases is amortized to base rental income, over the terms of the respective leases including option periods, if applicable. The value of in-place leases is amortized to expense over the remaining non-cancellable terms of the respective leases. If a lease were to be terminated prior to its stated expiration, all unamortized amounts relating to that lease would be recognized in operations at that time. The Company expenses transaction costs associated with business combinations and unsuccessful property asset acquisitions in the period incurred and capitalizes transaction costs associated with successful property asset acquisitions. In conjunction with the Company’s pursuit and acquisition of real estate investments, the Company did not expense any acquisition transaction costs during the years ended December 31, 2022, 2021 or 2020. Sales of real estate are recognized only when it is determined that the Company will collect substantially all of the consideration to which it is entitled, possession and other attributes of ownership have been transferred to the buyer and the Company has no controlling financial interest. The application of these criteria can be complex and requires the Company to make assumptions. Management has determined that all of these criteria were met for all real estate sold during the periods presented.
Asset Impairment	Asset Impairment
Cash and Cash Equivalents	Cash and Cash Equivalents
Restricted Cash	Restricted Cash The terms of the Company’s mortgage loans payable may require the Company to deposit certain replacement and other reserves with its lenders. Such “restricted cash” is generally available only for property-level requirements for which the reserves have been established and is not available to fund other property-level or Company-level obligations.
Revenue Recognition	Revenue Recognition Management has determined that all of the Company’s leases with its various tenants are operating leases. Rental income is generally recognized based on the terms of leases entered into with tenants. In those instances in which the Company funds tenant improvements and the improvements are deemed to be owned by the Company, revenue recognition will commence when the improvements are substantially completed and possession or control of the space is turned over to the tenant. When the Company determines that the tenant allowances are lease incentives, the Company commences revenue recognition and lease incentive amortization when possession or control of the space is turned over to the tenant for tenant work to begin. Minimum rental income from leases with scheduled rent increases is recognized on a straight-line basis over the lease term. Percentage rent is recognized when a specific tenant’s sales breakpoint is achieved. Each lease agreement is evaluated to identify the lease and nonlease components at lease inception. The Company combines lease and non-lease components into a single lease component presentation if (i) the timing and pattern of the revenue recognition of the combined single lease component is the same, and (ii) the related lease component and the combined single lease component would be classified as an operating lease. As a result of this assessment, rental revenues and tenant recoveries from the lease of real estate assets are accounted for as a single component. Lease incentives are amortized as a reduction of rental revenue over the respective tenant lease terms. Termination fees (included in Other income in the consolidated statements of operations and comprehensive income) are fees that the Company has agreed to accept in consideration for permitting certain tenants to terminate their lease prior to the contractual expiration date. The Company recognizes termination fees when the following conditions are met: (a) the termination agreement is executed; (b) the termination fee is determinable; (c) all landlord services pursuant to the terminated lease have been rendered; and (d) collectability of substantially all of the termination fee is probable. Interest income is recognized as it is earned. Gains or losses on disposition of properties are recorded when the criteria for recognizing such gains or losses have been met.
Depreciation and Amortization	Depreciation and Amortization The Company uses the straight-line method for depreciation and amortization. Buildings are depreciated over estimated useful lives which the Company estimates to be 39 to 40 years. Property improvements are depreciated over estimated useful lives that range from 10 to 20 years. Furniture and fixtures are depreciated over estimated useful lives that range from 3 to 10 years. Tenant improvements are amortized over the shorter of the life of the related leases or their useful life.
Deferred Charges	Deferred Leasing and Financing Costs Costs incurred in obtaining tenant leases (principally leasing commissions and acquired lease origination costs) are amortized ratably over the life of the tenant leases. Costs incurred in obtaining long-term financing are amortized ratably over the related debt agreement. The amortization of deferred leasing and financing costs is included in Depreciation and amortization and Interest expense and other finance expenses, respectively, in the consolidated statements of operations and comprehensive income.
Concentration Credit Risk	Concentration of Credit Risk 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
Earnings Per Share	Earnings Per Share Basic earnings per share (“EPS”) excludes the impact of dilutive shares and is computed by dividing net income by the weighted average number of shares of common stock outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue shares of common stock were exercised or converted into shares of common stock and then shared in the earnings of the Company. For the years ended December 31, 2022, 2021 and 2020, basic EPS was determined by dividing net income allocable to common stockholders for the applicable period by the weighted average number of shares of common stock outstanding during such period. Net income during the applicable period is also allocated to the time-based unvested restricted stock as these grants are entitled to receive non-forfeitable dividends and are therefore considered a participating security. Time-based unvested restricted stock is not allocated net losses and/or any excess of dividends declared over net income; such amounts are allocated entirely to the common stockholders other than the holders of time-based unvested restricted stock. The performance-based restricted stock awards and LTIP Units (defined below) outstanding under the Equity Incentive Plan described in Note 8 are excluded from the basic EPS calculation, as these units are not participating securities until they vest.
Stock-Based Compensation	Stock-Based Compensation The Company has a stock-based employee compensation plan, which is more fully described in Note 8. The Company accounts for its stock-based compensation plan based on the FASB guidance which requires that compensation expense be recognized based on the fair value of the stock awards less forfeitures. Restricted stock grants vest based upon the completion of a service period (“time-based restricted stock grants”) and/or the Company meeting certain pre-established operational performance goals and market-indexed financial performance criteria (“performance-based restricted stock grants”). Time-based restricted stock grants are valued according to the market price for the Company’s common stock at the date of grant. For performance-based restricted stock grants subject to market-indexed performance criteria, a Monte Carlo valuation model is used, taking into account the underlying contingency risks associated with the performance criteria. All other performance-based restricted stock grants are valued according to the market price of the Company’s common stock at the date of grant. It is the Company’s policy to grant options with an exercise price equal to the quoted closing market price of stock on the grant date. The Company has made certain separate awards in the form of units of limited partnership interests in its Operating Partnership called LTIP Units (“LTIP Units”). The LTIP Units are subject to such conditions and restrictions as the compensation committee may determine, including continued employment or service, achievement of pre-established operational performance goals and market-indexed performance criteria. For the LTIP Units subject to market-indexed performance criteria (the “marked-indexed LTIP Units”), a Monte Carlo valuation model is used, taking into account the underlying contingency risks associated with the performance criteria. All other LTIP Units (the “operational LTIP Units”) are valued according to the market price of the Company’s common stock at the date of grant.
Derivatives	Derivatives The Company records all derivatives on the balance sheets at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Hedge accounting generally provides for the matching of the
Segment Reporting	Segment Reporting The Company’s primary business is the ownership, management, and redevelopment of retail real estate properties. The Company reviews operating and financial information for each property on an individual basis and therefore, each property represents an individual operating segment. The Company evaluates financial performance using property operating income, defined as operating revenues (rental revenue and other income), less property and related expenses (property operating expenses and property taxes). The Company has aggregated the properties into one reportable segment as the properties share similar long-term economic characteristics and have other similarities including the fact that they are operated using consistent business strategies, are typically located in major metropolitan areas, and have similar tenant mixes.

Organization, Basis of Presen_3

Organization, Basis of Presentation and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Schedule of Dividends Declared	The following table sets forth the dividends declared per share of ROIC’s common stock and the tax status for U.S. federal income tax purposes of such dividends declared during the year ended December 31, 2022. Record Date Payable Date Total Distribution per Share Ordinary Income per Share Section 199A Dividends (1) 3/18/2022 4/8/2022 $0.1300 $0.1300 $0.1300 6/17/2022 7/8/2022 $0.1300 $0.1300 $0.1300 9/16/2022 10/7/2022 $0.1500 $0.1500 $0.1500 12/15/2022 12/29/2022 $0.1500 $0.1500 $0.1500 ______________________ (1) Represents dividends eligible for the 20% qualified business income deduction under Section 199A, and is included in “Ordinary Income per Share”
Schedule of Unamortized Balances of Deferred Leasing Costs	The unamortized balances of deferred leasing costs included in deferred charges in the Consolidated Balance Sheets as of December 31, 2022 that will be charged to future operations are as follows (in thousands): Lease Origination Costs 2023 $ 4,679 2024 3,758 2025 3,191 2026 2,599 2027 2,173 Thereafter 9,283 $ 25,683
Schedule of Basic and Diluted Earnings Per Share/Unit	The following table sets forth the reconciliation between basic and diluted EPS for ROIC (in thousands, except share data): Year Ended December 31, 2022 2021 2020 Numerator: Net income $ 55,460 $ 57,360 $ 34,721 Less income attributable to non-controlling interests (3,591) (3,852) (2,707) Less earnings allocated to participating securities (378) (355) (127) Net income available for common stockholders, basic $ 51,491 $ 53,153 $ 31,887 Numerator: Net income $ 55,460 $ 57,360 $ 34,721 Less earnings allocated to participating securities (378) (355) (127) Net income available for common stockholders, diluted $ 55,082 $ 57,005 $ 34,594 Denominator: Denominator for basic EPS – weighted average common equivalent shares 123,394,745 119,544,749 116,731,930 OP Units 8,566,343 8,650,485 9,785,334 Performance-based restricted stock awards and LTIP Units 323,027 250,585 106,434 Stock options 820 8,079 3,299 Denominator for diluted EPS – weighted average common equivalent shares 132,284,935 128,453,898 126,626,997 Earnings Per Unit The following table sets forth the reconciliation between basic and diluted earnings per unit for the Operating Partnership (in thousands, except unit data): Year Ended December 31, 2022 2021 2020 Numerator: Net income $ 55,460 $ 57,360 $ 34,721 Less earnings allocated to participating securities (378) (355) (127) Net income available to unitholders, basic and diluted $ 55,082 $ 57,005 $ 34,594 Denominator: Denominator for basic earnings per unit – weighted average common equivalent units 131,961,088 128,195,234 126,517,264 Performance-based restricted stock awards and LTIP Units 323,027 250,585 106,434 Stock options 820 8,079 3,299 Denominator for diluted earnings per unit – weighted average common equivalent units 132,284,935 128,453,898 126,626,997
Schedule of Supplemental Cash Flow Disclosures	The following tables provides supplemental disclosures related to the consolidated statements of cash flows (in thousands): Year Ended December 31, 2022 2021 2020 Supplemental disclosure of cash activities: Cash paid on gross receipts and income for federal and state purposes $ 386 $ 292 $ 324 Interest paid $ 56,642 $ 55,104 $ 57,276 Other non-cash investing and financing activities increase (decrease): Intangible lease liabilities $ 30,981 $ 21,563 $ — Interest rate swap liabilities $ (3,447) $ (6,064) $ 5,646 Accrued real estate improvement costs $ 3,670 $ 7,122 $ 5,346 Equity redemption of OP Units $ 5,071 $ 6,858 $ 20,098 Dividends and distributions payable $ 849 $ 24,219 $ 336

Real Estate Investments (Tables

Real Estate Investments (Tables)	12 Months Ended
	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Summary of Purchase Price Allocation for Property Assets Acquired	The financial information set forth below summarizes the Company’s purchase price allocation for property assets acquired during the years ended December 31, 2022 and December 31, 2021 (in thousands): December 31, 2022 December 31, 2021 Assets Land $ 51,150 $ 48,272 Building and improvements 86,263 85,125 Acquired lease intangible asset 8,745 9,240 Deferred charges 5,462 4,416 Assets acquired $ 151,620 $ 147,053 Liabilities Acquired lease intangible liability 30,981 21,563 Liabilities assumed $ 30,981 $ 21,563
Schedule of Operating Results Included in Historical Consolidated Statement of Operations for Property Assets Acquired	The following table summarizes the operating results included in the Company’s historical consolidated statement of operations for the year ended December 31, 2022, for property assets acquired during the year ended December 31, 2022 (in thousands): Year Ended December 31, 2022 Statement of operations: Revenues $ 6,450 Net income attributable to Retail Opportunity Investments Corp. $ 2,261 The following table summarizes the operating results included in the Company’s historical consolidated statement of operations for the year ended December 31, 2021, for property assets acquired during the year ended December 31, 2021 (in thousands): Year Ended December 31, 2021 Statement of operations: Revenues $ 2,211 Net income attributable to Retail Opportunity Investments Corp. $ 587

Acquired Lease Intangibles (Tab

Acquired Lease Intangibles (Tables)	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Liabilities	Intangible assets and liabilities as of December 31, 2022 and December 31, 2021 consisted of the following (in thousands): December 31, 2022 2021 Assets: In-place leases $ 70,133 $ 67,644 Accumulated amortization (27,405) (27,764) Above-market leases 21,307 21,632 Accumulated amortization (11,607) (11,373) Acquired lease intangible assets, net $ 52,428 $ 50,139 Liabilities: Below-market leases $ 205,421 $ 188,607 Accumulated amortization (53,304) (51,999) Acquired lease intangible liabilities, net $ 152,117 $ 136,608
Schedule of Future Amortization of Acquired Lease Intangible Assets	The scheduled future amortization of acquired lease intangible assets as of December 31, 2022 is as follows (in thousands): Year Ending December 31: 2023 $ 7,086 2024 5,827 2025 4,969 2026 4,084 2027 3,430 Thereafter 27,032 Total future amortization of acquired lease intangible assets $ 52,428
Schedule of Future Amortization of Acquired Lease Intangible Liabilities	The scheduled future amortization of acquired lease intangible liabilities as of December 31, 2022 is as follows (in thousands): Year Ending December 31: 2023 $ 12,144 2024 11,741 2025 11,036 2026 10,168 2027 9,531 Thereafter 97,497 Total future amortization of acquired lease intangible liabilities $ 152,117

Tenant Leases (Tables)

Tenant Leases (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Schedule of Future Minimum Base Rentals on Non-Cancellable Operating Leases	Future minimum rents to be received under non-cancellable leases as of December 31, 2022 are summarized as follows (in thousands): Year Ending December 31: 2023 $ 215,035 2024 188,185 2025 160,405 2026 132,296 2027 103,100 Thereafter 373,243 Total minimum lease payments $ 1,172,264

Mortgage Notes Payable, Credi_2

Mortgage Notes Payable, Credit Facilities and Senior Notes (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule of Debt	The mortgage notes payable collateralized by respective properties and assignment of leases at December 31, 2022 and December 31, 2021, respectively, were as follows (in thousands, except interest rates): Maturity Date Interest Rate December 31, Property 2022 2021 Casitas Plaza Shopping Center June 2022 5.320 % $ — $ 6,660 Riverstone Marketplace July 2022 4.960 % — 16,811 Fullerton Crossroads April 2024 4.728 % 26,000 26,000 Diamond Hills Plaza October 2025 3.550 % 34,731 35,393 60,731 84,864 Unamortized mortgage premiums 288 632 Net unamortized deferred financing costs (102) (142) Total mortgage notes payable $ 60,917 $ 85,354
Schedule of Maturities of Notes Payable	The combined aggregate principal maturities of mortgage notes payable during the next five years and thereafter are as follows (in thousands): Principal Repayments Scheduled Amortization Mortgage Premium Total 2023 $ — $ 686 $ 216 $ 902 2024 26,000 708 72 26,780 2025 32,787 550 — 33,337 Thereafter — — — — Total $ 58,787 $ 1,944 $ 288 $ 61,019 The combined aggregate principal maturities of the Company’s unsecured senior notes payable during the next five years and thereafter are as follows (in thousands): Principal Repayments 2023 $ 250,000 2024 250,000 2025 — 2026 200,000 2027 250,000 Thereafter — Total $ 950,000
Schedule of Carrying Value of Debt	The carrying values of the Company’s unsecured term loan (the “term loan”) were as follows (in thousands): December 31, 2022 2021 Term loan $ 300,000 $ 300,000 Net unamortized deferred financing costs (747) (1,111) Term loan $ 299,253 $ 298,889 The carrying value of the Company’s unsecured Senior Notes Due 2027 is as follows (in thousands): December 31, 2022 2021 Principal amount $ 250,000 $ 250,000 Net unamortized deferred financing costs (874) (1,050) Senior Notes Due 2027 $ 249,126 $ 248,950 The carrying value of the Company’s unsecured Senior Notes Due 2026 is as follows (in thousands): December 31, 2022 2021 Principal amount $ 200,000 $ 200,000 Net unamortized deferred financing costs (289) (366) Senior Notes Due 2026 $ 199,711 $ 199,634 The carrying value of the Company’s unsecured Senior Notes Due 2024 is as follows (in thousands): December 31, 2022 2021 Principal amount $ 250,000 $ 250,000 Unamortized debt discount (802) (1,188) Net unamortized deferred financing costs (432) (652) Senior Notes Due 2024 $ 248,766 $ 248,160 The carrying value of the Company’s unsecured Senior Notes Due 2023 is as follows (in thousands): December 31, 2022 2021 Principal amount $ 250,000 $ 250,000 Unamortized debt discount (502) (998) Net unamortized deferred financing costs (252) (515) Senior Notes Due 2023 $ 249,246 $ 248,487
Schedule of Unamortized Deferred Financing Costs	The unamortized balances of deferred financing costs associated with the Company’s term loan, Senior Notes Due 2027, Senior Notes Due 2026, Senior Notes Due 2024, Senior Notes Due 2023, and mortgage notes payable, included as a direct reduction from the carrying amount of the related debt instrument in the consolidated balance sheets, and the unamortized balances of deferred financing costs associated with the Company’s unsecured revolving credit facility, included in Deferred charges, net in the consolidated balance sheets as of December 31, 2022 that will be charged to future operations during the next five years and thereafter are as follows (in thousands): Financing Costs 2023 $ 2,008 2024 984 2025 300 2026 234 2027 170 Thereafter — $ 3,696

Stock Compensation and Other _2

Stock Compensation and Other Benefit Plans for ROIC (Tables)	12 Months Ended
	Dec. 31, 2022
Share-based Payment Arrangement [Abstract]
Schedule of Non-vested Restricted Stock Awards	A summary of the status of the Company’s non-vested restricted stock awards as of December 31, 2022, and changes during the year ended December 31, 2022 are presented below: Shares Weighted Average Non-vested as of December 31, 2021 1,153,471 $ 16.77 Vested (402,795) $ 16.42 Granted 574,070 $ 18.98 Forfeited (14,148) $ 17.11 Non-vested as of December 31, 2022 1,310,598 $ 17.85

Derivative and Hedging Activi_2

Derivative and Hedging Activities (Tables)	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivatives at Fair Value	The table below presents the Company’s assets and liabilities measured at fair value on a recurring basis, aggregated by the level in the fair value hierarchy within which those measurements fall (in thousands): Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total December 31, 2021: Liabilities Derivative financial instruments $ — $ (3,447) $ — $ (3,447)
Schedule of Derivatives Fair Value and Classification	The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the balance sheet as of December 31, 2022 and December 31, 2021, respectively (in thousands): Derivatives designed as hedging instruments Balance sheet location December 31, 2022 Fair Value December 31, 2021 Fair Value Interest rate products Other liabilities $ — $ (3,447)
Schedule of Derivatives Recognized Gain (Loss)	The table below details the location in the financial statements of the gain or loss recognized on interest rate derivatives designated as cash flow hedges for the years ended December 31, 2022, 2021, and 2020, respectively (in thousands): Year Ended December 31, 2022 2021 2020 Amount of gain (loss) recognized in OCI on derivatives $ 1,104 $ 216 $ (9,925) Amount of loss reclassified from AOCI into interest $ 2,286 $ 5,894 $ 4,572

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Reconciliation of Undiscounted Future Minimum Annual Lease Payments	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, 2022 (in thousands): Operating Leases 2023 $ 1,345 2024 1,351 2025 1,356 2026 1,376 2027 1,404 Thereafter 28,872 Total undiscounted future minimum lease payments 35,704 Future minimum lease payments, discount (18,968) Lease liability $ 16,736

Organization, Basis of Presen_4

Organization, Basis of Presentation and Summary of Significant Accounting Policies - Narrative (Details)	12 Months Ended			33 Months Ended
	Dec. 31, 2022 USD ($) segment	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2022 USD ($)
Organization, Basis of Presentation and Summary of Significant Accounting Policies (Details) [Line Items]
Taxable income minimum distribution portion not subject to federal taxation (in percentage)	90%			90%
Real estate improvements	$ 55,100,000	$ 48,600,000
Acquisition transaction costs	0	0	$ 0
Allowance for doubtful accounts receivable	$ 15,700,000	$ 18,400,000		$ 15,700,000
Lease concession, deferral amount				10,900,000
Lease concession, deferral amount rebilled				9,500,000
Lease concession deferral amount rebilled and collected				$ 8,500,000
Lease concession deferral amount rebilled percent collected				89.70%
Number of segments | segment	1
Minimum | Building
Organization, Basis of Presentation and Summary of Significant Accounting Policies (Details) [Line Items]
PPE useful life (in years)	39 years
Minimum | Building Improvements
Organization, Basis of Presentation and Summary of Significant Accounting Policies (Details) [Line Items]
PPE useful life (in years)	10 years
Minimum | Furniture and Fixtures
Organization, Basis of Presentation and Summary of Significant Accounting Policies (Details) [Line Items]
PPE useful life (in years)	3 years
Maximum | Building
Organization, Basis of Presentation and Summary of Significant Accounting Policies (Details) [Line Items]
PPE useful life (in years)	40 years
Maximum | Building Improvements
Organization, Basis of Presentation and Summary of Significant Accounting Policies (Details) [Line Items]
PPE useful life (in years)	20 years
Maximum | Furniture and Fixtures
Organization, Basis of Presentation and Summary of Significant Accounting Policies (Details) [Line Items]
PPE useful life (in years)	10 years

Organization, Basis of Presen_5

Organization, Basis of Presentation and Summary of Significant Accounting Policies - Dividends Declared (Details) - $ / shares					12 Months Ended
	Dec. 15, 2022	Sep. 16, 2022	Jun. 17, 2022	Mar. 18, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Dividends Declared per Share of Common Stock
Dividends per share (in dollars per share)	$ 0.1500	$ 0.1500	$ 0.1300	$ 0.1300	$ 0.56	$ 0.51	$ 0.20
Ordinary Income per Share (in dollars per share)	0.1500	0.1500	0.1300	0.1300
Section 199A Dividends (in dollars per share)	$ 0.1500	$ 0.1500	$ 0.1300	$ 0.1300

Organization, Basis of Presen_6

Organization, Basis of Presentation and Summary of Significant Accounting Policies - Unamortized Balances of Deferred Costs (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Organization, Basis of Presentation and Summary of Significant Accounting Policies (Details) - Unamortized Balances of Deferred Charges [Line Items]
Deferred charges, net	$ 26,683	$ 25,017
Lease Origination Costs
Organization, Basis of Presentation and Summary of Significant Accounting Policies (Details) - Unamortized Balances of Deferred Charges [Line Items]
2023	4,679
2024	3,758
2025	3,191
2026	2,599
2027	2,173
Thereafter	9,283
Deferred charges, net	$ 25,683

Organization, Basis of Presen_7

Organization, Basis of Presentation and Summary of Significant Accounting Policies - Basic and Diluted EPS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Numerator:
Net income	$ 55,460	$ 57,360	$ 34,721
Less income attributable to non-controlling interests	(3,591)	(3,852)	(2,707)
Less earnings allocated to unvested shares, basic	(378)	(355)	(127)
Net income available to common stockholders, basic	51,491	53,153	31,887
Less earnings allocated to unvested shares, diluted	(378)	(355)	(127)
Net income available to common stockholders, diluted	$ 55,082	$ 57,005	$ 34,594
Denominator:
Denominator for basic EPS – weighted average common equivalent shares (in shares)	123,394,745	119,544,749	116,731,930
Denominator for diluted EPS – weighted average common equivalent shares (in shares)	132,284,935	128,453,898	126,626,997
OP Units
Denominator:
OP Units (in shares)	8,566,343	8,650,485	9,785,334
Performance-based restricted stock awards and LTIP Units
Denominator:
Incremental common shares attributable to dilutive effect of share-based payment arrangements (in shares)	323,027	250,585	106,434
Stock options
Denominator:
Incremental common shares attributable to dilutive effect of share-based payment arrangements (in shares)	820	8,079	3,299
Retail Opportunity Investments Partnership L.P.
Numerator:
Net income	$ 55,460	$ 57,360	$ 34,721
Less earnings allocated to unvested shares, basic	(378)	(355)	(127)
Net income available to unitholders, basic and diluted	$ 55,082	$ 57,005	$ 34,594
Denominator:
Denominator for basic EPS – weighted average common equivalent shares (in shares)	131,961,088	128,195,234	126,517,264
Denominator for diluted EPS – weighted average common equivalent shares (in shares)	132,284,935	128,453,898	126,626,997
Retail Opportunity Investments Partnership L.P. | Performance-based restricted stock awards and LTIP Units
Denominator:
Incremental common shares attributable to dilutive effect of share-based payment arrangements (in shares)	323,027	250,585	106,434
Retail Opportunity Investments Partnership L.P. | Stock options
Denominator:
Incremental common shares attributable to dilutive effect of share-based payment arrangements (in shares)	820	8,079	3,299

Organization, Basis of Presen_8

Organization, Basis of Presentation and Summary of Significant Accounting Policies - Supplemental Cash Flow (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Supplemental disclosure of cash activities:
Cash paid on gross receipts and income for federal and state purposes	$ 386	$ 292	$ 324
Interest paid	56,642	55,104	57,276
Other non-cash investing and financing activities increase (decrease):
Intangible lease liabilities	30,981	21,563	0
Interest rate swap liabilities	(3,447)	(6,064)	5,646
Accrued real estate improvement costs	3,670	7,122	5,346
Equity Redemption of OP Units	5,071	6,858	20,098
Dividends and distributions payable	$ 849	$ 24,219	$ 336

Real Estate Investments - Narra

Real Estate Investments - Narrative (Details) ft² in Thousands, $ in Thousands				12 Months Ended
	Aug. 19, 2022 USD ($) ft²	May 17, 2022 USD ($) ft²	Apr. 01, 2022 USD ($) ft²	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($) ft²	Dec. 31, 2020 USD ($)
Real Estate [Line Items]
Adjusted purchase price					$ 125,500
Area of property (sq ft) | ft²					449
Sales price of property sold					$ 69,700
Proceeds from sale of real estate				$ 34,435	68,003	$ 0
Gain on sale of real estate				$ 7,653	$ 22,340	$ 0
Olympia Square North, WA | Olympia, WA
Real Estate [Line Items]
Adjusted purchase price			$ 18,400
Area of property (sq ft) | ft²			90
Powell Valley Junction, OR | Gresham, OR
Real Estate [Line Items]
Adjusted purchase price			$ 17,700
Area of property (sq ft) | ft²			109
Village Oaks Shopping Center, CA | Martinez, CA
Real Estate [Line Items]
Adjusted purchase price		$ 24,100
Area of property (sq ft) | ft²		80
Ballinger Village, WA | Shoreline, WA
Real Estate [Line Items]
Adjusted purchase price	$ 29,300
Area of property (sq ft) | ft²	111
Thomas Lake Shopping Center, WA | Mill Creek, WA
Real Estate [Line Items]
Adjusted purchase price	$ 31,100
Area of property (sq ft) | ft²	111
Aurora Square | Shoreline, WA
Real Estate [Line Items]
Sales price of property sold	$ 36,200
Proceeds from sale of real estate	34,400
Gain on sale of real estate	$ 7,700

Real Estate Investments - Purch

Real Estate Investments - Purchase Price Allocation of Properties Acquired (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Acquisitions in 2021
Assets
Land		$ 48,272
Building and improvements		85,125
Acquired lease intangible asset		9,240
Deferred charges		4,416
Assets acquired		147,053
Liabilities
Acquired lease intangible liability		21,563
Liabilities assumed		$ 21,563
Acquisitions 2022
Assets
Land	$ 51,150
Building and improvements	86,263
Acquired lease intangible asset	8,745
Deferred charges	5,462
Assets acquired	151,620
Liabilities
Acquired lease intangible liability	30,981
Liabilities assumed	$ 30,981

Real Estate Investments - Opera

Real Estate Investments - Operating Results Included For Property Assets Acquired (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement of operations:
Revenues	$ 6,450	$ 2,211
Net income attributable to Retail Opportunity Investments Corp.	$ 2,261	$ 587

Acquired Lease Intangibles - Na

Acquired Lease Intangibles - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of above and below market rent	$ 11,947	$ 8,795	$ 17,654
Amortization of acquired in place leases	$ 5,900	$ 4,800	$ 7,700

Acquired Lease Intangibles - In

Acquired Lease Intangibles - Intangible Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets:
Acquired lease intangible assets, net	$ 52,428	$ 50,139
Liabilities:
Below-market leases	205,421	188,607
Accumulated amortization	(53,304)	(51,999)
Acquired lease intangible liabilities, net	152,117	136,608
In-place leases
Assets:
Acquired lease intangible assets	70,133	67,644
Accumulated amortization	(27,405)	(27,764)
Above-market leases
Assets:
Acquired lease intangible assets	21,307	21,632
Accumulated amortization	$ (11,607)	$ (11,373)

Acquired Lease Intangibles - Fu

Acquired Lease Intangibles - Future Amortization of Acquired Lease Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Future amortization of acquired lease intangible assets
Acquired lease intangible assets, net	$ 52,428	$ 50,139
Acquired Lease Intangible Assets
Future amortization of acquired lease intangible assets
2023	7,086
2024	5,827
2025	4,969
2026	4,084
2027	3,430
Thereafter	27,032
Acquired lease intangible assets, net	$ 52,428

Acquired Lease Intangibles - _2

Acquired Lease Intangibles - Future Amortization of Acquired Lease Intangible Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Future amortization of acquired lease intangible liabilities
Acquired lease intangible liabilities, net	$ 152,117	$ 136,608
Acquired Lease Intangible Liabilities
Future amortization of acquired lease intangible liabilities
2023	12,144
2024	11,741
2025	11,036
2026	10,168
2027	9,531
Thereafter	97,497
Acquired lease intangible liabilities, net	$ 152,117

Tenant Leases (Details)

Tenant Leases (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Future minimum rents to be received under non-cancellable leases
2023	$ 215,035
2024	188,185
2025	160,405
2026	132,296
2027	103,100
Thereafter	373,243
Total minimum lease payments	$ 1,172,264

Mortgage Notes Payable, Credi_3

Mortgage Notes Payable, Credit Facilities and Senior Notes - Narrative (Details)				12 Months Ended
	Mar. 31, 2022 USD ($)	Mar. 01, 2022 USD ($)	Dec. 20, 2019 USD ($) credit_facility_extension	Dec. 31, 2022 USD ($) property	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Nov. 10, 2017 USD ($)	Jul. 26, 2016 USD ($)	Dec. 03, 2014 USD ($)	Dec. 09, 2013 USD ($)
Debt Instrument [Line Items]
Repayments of Secured Debt				$ 24,133,000	$ 716,000	$ 577,000
Credit facility				$ 88,000,000	0
Interest rate swap
Debt Instrument [Line Items]
Derivative, Number of Instruments Held | property				4
Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 600,000,000
Number of extension options | credit_facility_extension			2
Extension term			6 months
Commitment fee (in percentage)				0.20%
Fronting fee (in percentage)				0.125%
Unamortized deferred financing costs				$ 1,000,000	1,900,000
Line of credit facility, interest rate during period (in percentage)				3.10%
Remaining borrowing capacity				$ 512,000,000
Federal Funds Effective Swap Rate | Revolving Credit Facility
Debt Instrument [Line Items]
Basis spread on variable rate (in percentage)				0.50%
Eurodollar | Revolving Credit Facility
Debt Instrument [Line Items]
Basis spread on variable rate (in percentage)				0.90%
Senior Notes
Debt Instrument [Line Items]
Principal amount				$ 950,000,000
Mortgage Notes Payable
Debt Instrument [Line Items]
Unamortized deferred financing costs				$ 102,000	142,000
Mortgage Notes Payable | Casitas Plaza Shopping Center
Debt Instrument [Line Items]
Repayments of Secured Debt		$ 6,600,000
Interest rate (in percentage)				5.32%
Mortgage Notes Payable | Riverstone Marketplace
Debt Instrument [Line Items]
Repayments of Secured Debt	$ 16,700,000
Interest rate (in percentage)				4.96%
Term Loan Agreement
Debt Instrument [Line Items]
Principal amount			$ 300,000,000	$ 300,000,000	300,000,000
Additional borrowing capacity			$ 200,000,000
Unamortized deferred financing costs				$ 747,000	1,111,000
Interest rate during period (in percentage)				2.70%
Remaining borrowing capacity				$ 0
Term Loan Agreement | Federal Funds Effective Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate (in percentage)				0.50%
Term Loan Agreement | Eurodollar
Debt Instrument [Line Items]
Basis spread on variable rate (in percentage)				1%
Senior Notes Due 2027 | Senior Notes
Debt Instrument [Line Items]
Principal amount				$ 250,000,000	250,000,000		$ 250,000,000
Unamortized deferred financing costs				874,000	1,050,000
Interest rate (in percentage)							4.19%
Senior Notes Due 2026 | Senior Notes
Debt Instrument [Line Items]
Principal amount				200,000,000	200,000,000			$ 200,000,000
Unamortized deferred financing costs				289,000	366,000
Interest rate (in percentage)								3.95%
Senior Notes Due 2024 | Senior Notes
Debt Instrument [Line Items]
Principal amount				250,000,000	250,000,000				$ 250,000,000
Unamortized deferred financing costs				432,000	652,000
Interest rate (in percentage)									4%
Senior Notes Due 2023 | Senior Notes
Debt Instrument [Line Items]
Principal amount				250,000,000	250,000,000					$ 250,000,000
Unamortized deferred financing costs				252,000	$ 515,000
Interest rate (in percentage)										5%
Credit Facility including accordion feature | Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity				$ 1,200,000,000

Mortgage Notes Payable, Credi_4

Mortgage Notes Payable, Credit Facilities and Senior Notes - Mortgage Notes Payable (Details) - Mortgage Notes Payable - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Long-term debt	$ 60,731	$ 84,864
Unamortized mortgage premiums	288	632
Net unamortized deferred financing costs	(102)	(142)
Total mortgage notes payable	$ 60,917	85,354
Casitas Plaza Shopping Center
Debt Instrument [Line Items]
Interest Rate (in percentage)	5.32%
Long-term debt	$ 0	6,660
Riverstone Marketplace
Debt Instrument [Line Items]
Interest Rate (in percentage)	4.96%
Long-term debt	$ 0	16,811
Fullerton Crossroads
Debt Instrument [Line Items]
Interest Rate (in percentage)	4.728%
Long-term debt	$ 26,000	26,000
Diamond Hills Plaza
Debt Instrument [Line Items]
Interest Rate (in percentage)	3.55%
Long-term debt	$ 34,731	$ 35,393

Mortgage Notes Payable, Credi_5

Mortgage Notes Payable, Credit Facilities and Senior Notes - Combined Aggregate Principal Maturities of Mortgage Notes Payable (Details) - Mortgage Notes Payable - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Principal Repayments
2023	$ 0
2024	26,000
2025	32,787
Thereafter	0
Total	58,787
Scheduled Amortization
2023	686
2024	708
2025	550
Thereafter	0
Total	1,944
Mortgage Premium
2023	216
2024	72
2025	0
Thereafter	0
Total	288	$ 632
Total
2023	902
2024	26,780
2025	33,337
Thereafter	0
Total mortgage notes payable	$ 61,019

Mortgage Notes Payable, Credi_6

Mortgage Notes Payable, Credit Facilities and Senior Notes - Carrying Value of the Company’s Unsecured Debt (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021	Dec. 20, 2019	Nov. 10, 2017	Jul. 26, 2016	Dec. 03, 2014	Dec. 09, 2013
Debt Instrument [Line Items]
Senior Notes	$ 946,849,000	$ 945,231,000
Term Loan Agreement
Debt Instrument [Line Items]
Principal amount	300,000,000	300,000,000	$ 300,000,000
Net unamortized deferred financing costs	(747,000)	(1,111,000)
Total	299,253,000	298,889,000
Senior Notes
Debt Instrument [Line Items]
Principal amount	950,000,000
Senior Notes | Senior Notes Due 2027
Debt Instrument [Line Items]
Principal amount	250,000,000	250,000,000		$ 250,000,000
Net unamortized deferred financing costs	(874,000)	(1,050,000)
Senior Notes	249,126,000	248,950,000
Senior Notes | Senior Notes Due 2026
Debt Instrument [Line Items]
Principal amount	200,000,000	200,000,000			$ 200,000,000
Net unamortized deferred financing costs	(289,000)	(366,000)
Senior Notes	199,711,000	199,634,000
Senior Notes | Senior Notes Due 2024
Debt Instrument [Line Items]
Principal amount	250,000,000	250,000,000				$ 250,000,000
Unamortized debt discount	(802,000)	(1,188,000)
Net unamortized deferred financing costs	(432,000)	(652,000)
Senior Notes	248,766,000	248,160,000
Senior Notes | Senior Notes Due 2023
Debt Instrument [Line Items]
Principal amount	250,000,000	250,000,000					$ 250,000,000
Unamortized debt discount	(502,000)	(998,000)
Net unamortized deferred financing costs	(252,000)	(515,000)
Senior Notes	$ 249,246,000	$ 248,487,000

Mortgage Notes Payable, Credi_7

Mortgage Notes Payable, Credit Facilities and Senior Notes - Principal Repayments of Unsecured Senior Notes (Details) - Senior Notes	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
2023	$ 250,000,000
2024	250,000,000
2025	0
2026	200,000,000
2027	250,000,000
Thereafter	0
Total	$ 950,000,000

Mortgage Notes Payable, Credi_8

Mortgage Notes Payable, Credit Facilities and Senior Notes - Amortization of Financing Costs (Details) - Total Debt $ in Thousands	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
2023	$ 2,008
2024	984
2025	300
2026	234
2027	170
Thereafter	0
Deferred charges, net	$ 3,696

Preferred Stock of ROIC (Detail

Preferred Stock of ROIC (Details) - shares	Dec. 31, 2022	Dec. 31, 2021
Equity [Abstract]
Preferred stock, shares authorized (in shares)	50,000,000	50,000,000
Preferred stock, shares outstanding (in shares)	0	0

Common Stock of ROIC (Details)

Common Stock of ROIC (Details) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Feb. 20, 2020	Jul. 31, 2013
Class of Stock [Line Items]
Common stock, par value (in usd per share)	$ 0.0001	$ 0.0001	$ 0.0001
Proceeds from issuance of common stock		$ 25,199,000	$ 69,602,000	$ 0
Stock issuance costs		$ 976,000	$ 740,000	$ 567,000
Stock repurchase program, authorized amount						$ 50,000,000
Repurchase of common stock (in shares)		0
Sales Agreement
Class of Stock [Line Items]
Common stock, par value (in usd per share)					$ 0.0001
Common shares that may be sold under a sales agreement aggregate offering price, maximum					$ 500,000,000
Common stock issued (in shares)	0	1,288,213
Proceeds from issuance of common stock		$ 25,200,000
Stock issuance costs		$ 252,000

Stock Compensation and Other _3

Stock Compensation and Other Benefit Plans for ROIC - Narrative (Details) $ / shares in Units, $ in Thousands		12 Months Ended
	Jan. 18, 2022 shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) $ / shares	Dec. 31, 2020 USD ($)	Apr. 25, 2022 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense | $		$ 11,900	$ 11,000	$ 8,900
Employer discretionary contribution amount | $		$ 97	95	89
OP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Partners Capital Account, Issued During Period, Units, Conversion of Units	201,860
Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized					10,954,694
Equity Incentive Plan | Equity Incentive Plan as Full-Value Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized					5,002,143
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)		574,070
Granted (in dollars per share) | $ / shares		$ 18.98
Compensation cost not yet recognized | $		$ 11,500
Compensation cost not yet recognized, period for recognition (in years)		1 year 8 months 12 days
Vested in period, fair value | $		$ 7,900	$ 5,500	$ 6,600
Weighted average grant date fair value (in dollars per share) | $ / shares		$ 17.85	$ 16.77
Equity Awards Vested in Period		402,795
Vested (in dollars per share) | $ / shares		$ 16.42
Restricted Stock | Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fungible Unit To Full Value Award Conversion Ratio					2.19
LTIP Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity Awards Vested in Period		201,860
Vested (in dollars per share) | $ / shares		$ 16.35
Partners' Capital Account, Units, Converted	201,860
LTIP Units | Vesting on January 1, 2025
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)		192,464
Stock options | Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fungible Unit To Full Value Award Conversion Ratio					1

Stock Compensation and Other _4

Stock Compensation and Other Benefit Plans for ROIC - Non-vested Restricted Stock Awards (Details) - Restricted Stock	12 Months Ended
	Dec. 31, 2022 $ / shares shares
Shares
Beginning balance ( in shares) | shares	1,153,471
Vested (in shares) | shares	(402,795)
Granted (in shares) | shares	574,070
Forfeited (in shares) | shares	(14,148)
Ending balance (in shares) | shares	1,310,598
Weighted Average Grant Date Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 16.77
Vested (in dollars per share) | $ / shares	16.42
Granted (in dollars per share) | $ / shares	18.98
Forfeited (in dollars per share) | $ / shares	17.11
Ending balance (in dollars per share) | $ / shares	$ 17.85

Capital of the Operating Part_2

Capital of the Operating Partnership (Details) - USD ($) $ / shares in Units, $ in Millions		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Capital of Operating Partnership [Line Items]
Partnership units ( in shares)		132,985,928
Shares outstanding (in shares)		124,538,811	122,685,266
Notices of redemptions received (in shares)		296,840
Equity Redemption of OP Units (in shares)		296,840
Common Stock
Capital of Operating Partnership [Line Items]
Shares outstanding (in shares)		124,538,811	122,685,266	118,085,155	116,496,016
Equity Redemption of OP Units (in shares)		296,840	423,986	1,968,350
OP Units
Capital of Operating Partnership [Line Items]
Non-controlling interest redemption value		$ 126.8
Non-controlling interest redemption value (in usd per share)		$ 15.01
Retail Opportunity Investments Partnership L.P.
Capital of Operating Partnership [Line Items]
ROIC ownership percentage in ROIP LP		93.60%
Retail Opportunity Investments Partnership L.P. | Limited Partner’s Capital
Capital of Operating Partnership [Line Items]
Partnership units ( in shares)	[1]	8,447,117	8,542,097	8,966,083	11,051,090
Equity Redemption of OP Units (in shares)	[1]	(296,840)	(423,986)	(1,968,350)
[1]Consists of limited partnership interests held by third parties.

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
Weighted Average
Fair Value [Line Items]
Interest rate (in percentage)	7.30%
Significant Unobservable Inputs (Level 3)
Fair Value [Line Items]
Notes payable, fair value	$ 57.5
Senior Notes | Significant Unobservable Inputs (Level 3) | Senior Notes Due 2027
Fair Value [Line Items]
Long-term debt, fair value	223.3
Senior Notes | Significant Unobservable Inputs (Level 3) | Senior Notes Due 2026
Fair Value [Line Items]
Long-term debt, fair value	181.8
Senior Notes | Significant Other Observable Inputs (Level 2) | Senior Notes Due 2024
Fair Value [Line Items]
Long-term debt, fair value	241.5
Senior Notes | Significant Other Observable Inputs (Level 2) | Senior Notes Due 2023
Fair Value [Line Items]
Long-term debt, fair value	$ 248.8

Derivative and Hedging Activi_3

Derivative and Hedging Activities - Measured at Fair Value on Recurring Basis (Details) - Recurring - Interest rate swap $ in Thousands	Dec. 31, 2021 USD ($)
Derivative [Line Items]
Derivative liability	$ (3,447)
Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1)
Derivative [Line Items]
Derivative liability	0
Significant Other Observable Inputs (Level 2)
Derivative [Line Items]
Derivative liability	(3,447)
Significant Unobservable Inputs (Level 3)
Derivative [Line Items]
Derivative liability	$ 0

Derivative and Hedging Activi_4

Derivative and Hedging Activities - Fair Value and Classification (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
In the next 12 months will be reclassified as a decrease to interest expense	$ 15,000
Interest rate swap | Designated as hedging instrument | Other liabilities
Derivative [Line Items]
Derivative liability	$ 0	$ (3,447,000)

Derivative and Hedging Activi_5

Derivative and Hedging Activities - Gain or Loss Recognized (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Amount of gain (loss) recognized in OCI on derivatives	$ 1,104	$ 216	$ (9,925)
Amount of loss reclassified from AOCI into interest	$ 2,286	$ 5,894	$ 4,572

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended			28 Months Ended
	Sep. 30, 2013	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Lease liability		$ 16,736
Lease liability [Extensible Enumeration]		Other liabilities
Right-of-use asset		$ 15,100
Right-of-use asset [Extensible Enumeration]		Other assets
Operating lease, weighted average remaining lease term		35 years 9 months 18 days
Operating lease, weighted average discount rate		5.20%
Ground rent expense		$ 1,700	$ 1,600	$ 1,700
Tax protection agreements, period (in years)	12 years				10 years

Commitments and Contingencies_2

Commitments and Contingencies - Future Minimum Annual Lease Payments Under Operating Leases (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Undiscounted Future Minimum Annual Lease Payments
2023	$ 1,345
2024	1,351
2025	1,356
2026	1,376
2027	1,404
Thereafter	28,872
Total undiscounted future minimum lease payments	35,704
Future minimum lease payments, discount	(18,968)
Lease liability	$ 16,736

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Officer | Lease agreements
Related Party Transaction [Line Items]
SG&A expense, related party	$ 95	$ 85	$ 84

Subsequent Events (Details)

Subsequent Events (Details) - $ / shares						12 Months Ended
	Feb. 14, 2023	Dec. 15, 2022	Sep. 16, 2022	Jun. 17, 2022	Mar. 18, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Subsequent Event [Line Items]
Dividends per share (in dollars per share)		$ 0.1500	$ 0.1500	$ 0.1300	$ 0.1300	$ 0.56	$ 0.51	$ 0.20
Subsequent Event
Subsequent Event [Line Items]
Dividends per share (in dollars per share)	$ 0.15

Schedule III - Real Estate an_2

Schedule III - Real Estate and Accumulated Depreciation - Summary (Details) $ in Billions	12 Months Ended
	Dec. 31, 2022 USD ($)
Schedule III - Real Estate and Accumulated Depreciation [Line Items]
Aggregate cost for Federal Income Tax Purposes for real estate	$ 3.1
Building | Minimum
Schedule III - Real Estate and Accumulated Depreciation [Line Items]
PPE useful life (in years)	39 years
Building | Maximum
Schedule III - Real Estate and Accumulated Depreciation [Line Items]
PPE useful life (in years)	40 years
Building Improvements | Minimum
Schedule III - Real Estate and Accumulated Depreciation [Line Items]
PPE useful life (in years)	10 years
Building Improvements | Maximum
Schedule III - Real Estate and Accumulated Depreciation [Line Items]
PPE useful life (in years)	20 years

Schedule III - Real Estate an_3

Schedule III - Real Estate and Accumulated Depreciation - Real Estate and Accumulated Depreciation (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Real Estate Properties [Line Items]
Encumbrances	$ 60,731
Initial Cost to Company, Land	955,964
Initial Cost to Company, Buildings & Improvements	2,146,584
Cost Capitalized Subsequent to Acquisition, Land	2,272
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	306,273
Amount at Which Carried at Close of Period. Land	958,236
Amount at Which Carried at Close of Period, Buildings & Improvements	2,452,857
Total real estate investments	3,411,093	$ 3,266,155	$ 3,156,552	$ 3,131,841
Accumulated Depreciation	578,593
Paramount Plaza, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	6,347
Initial Cost to Company, Buildings & Improvements	10,274
Cost Capitalized Subsequent to Acquisition, Land	822
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	1,414
Amount at Which Carried at Close of Period. Land	7,169
Amount at Which Carried at Close of Period, Buildings & Improvements	11,688
Total real estate investments	18,857
Accumulated Depreciation	4,744
Santa Ana Downtown Plaza, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	7,895
Initial Cost to Company, Buildings & Improvements	9,890
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	4,018
Amount at Which Carried at Close of Period. Land	7,895
Amount at Which Carried at Close of Period, Buildings & Improvements	13,908
Total real estate investments	21,803
Accumulated Depreciation	5,249
Meridian Valley Plaza, WA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	1,881
Initial Cost to Company, Buildings & Improvements	4,795
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	1,543
Amount at Which Carried at Close of Period. Land	1,881
Amount at Which Carried at Close of Period, Buildings & Improvements	6,338
Total real estate investments	8,219
Accumulated Depreciation	2,750
The Market at Lake Stevens, WA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	3,087
Initial Cost to Company, Buildings & Improvements	12,397
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	(348)
Amount at Which Carried at Close of Period. Land	3,087
Amount at Which Carried at Close of Period, Buildings & Improvements	12,049
Total real estate investments	15,136
Accumulated Depreciation	4,137
Pleasant Hill Marketplace, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	6,359
Initial Cost to Company, Buildings & Improvements	6,927
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	842
Amount at Which Carried at Close of Period. Land	6,359
Amount at Which Carried at Close of Period, Buildings & Improvements	7,769
Total real estate investments	14,128
Accumulated Depreciation	3,009
Happy Valley Town Center, OR
Real Estate Properties [Line Items]
Initial Cost to Company, Land	11,678
Initial Cost to Company, Buildings & Improvements	27,011
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	4,950
Amount at Which Carried at Close of Period. Land	11,678
Amount at Which Carried at Close of Period, Buildings & Improvements	31,961
Total real estate investments	43,639
Accumulated Depreciation	11,817
Cascade Summit Town Square, OR
Real Estate Properties [Line Items]
Initial Cost to Company, Land	8,853
Initial Cost to Company, Buildings & Improvements	7,732
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	2,653
Amount at Which Carried at Close of Period. Land	8,853
Amount at Which Carried at Close of Period, Buildings & Improvements	10,385
Total real estate investments	19,238
Accumulated Depreciation	3,233
Heritage Market Center, WA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	6,595
Initial Cost to Company, Buildings & Improvements	17,399
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	1,969
Amount at Which Carried at Close of Period. Land	6,595
Amount at Which Carried at Close of Period, Buildings & Improvements	19,368
Total real estate investments	25,963
Accumulated Depreciation	6,647
Claremont Promenade, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	5,975
Initial Cost to Company, Buildings & Improvements	1,019
Cost Capitalized Subsequent to Acquisition, Land	183
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	4,009
Amount at Which Carried at Close of Period. Land	6,158
Amount at Which Carried at Close of Period, Buildings & Improvements	5,028
Total real estate investments	11,186
Accumulated Depreciation	3,256
Sycamore Creek, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	3,747
Initial Cost to Company, Buildings & Improvements	11,584
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	383
Amount at Which Carried at Close of Period. Land	3,747
Amount at Which Carried at Close of Period, Buildings & Improvements	11,967
Total real estate investments	15,714
Accumulated Depreciation	4,861
Gateway Village, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	5,917
Initial Cost to Company, Buildings & Improvements	27,298
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	1,149
Amount at Which Carried at Close of Period. Land	5,917
Amount at Which Carried at Close of Period, Buildings & Improvements	28,447
Total real estate investments	34,364
Accumulated Depreciation	10,021
Division Crossing, OR
Real Estate Properties [Line Items]
Initial Cost to Company, Land	3,706
Initial Cost to Company, Buildings & Improvements	8,327
Cost Capitalized Subsequent to Acquisition, Land	8
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	5,601
Amount at Which Carried at Close of Period. Land	3,714
Amount at Which Carried at Close of Period, Buildings & Improvements	13,928
Total real estate investments	17,642
Accumulated Depreciation	6,341
Halsey Crossing, OR
Real Estate Properties [Line Items]
Initial Cost to Company, Buildings & Improvements	7,773
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	7,668
Amount at Which Carried at Close of Period, Buildings & Improvements	15,441
Total real estate investments	15,441
Accumulated Depreciation	5,553
Marketplace Del Rio, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	13,420
Initial Cost to Company, Buildings & Improvements	22,251
Cost Capitalized Subsequent to Acquisition, Land	9
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	7,482
Amount at Which Carried at Close of Period. Land	13,429
Amount at Which Carried at Close of Period, Buildings & Improvements	29,733
Total real estate investments	43,162
Accumulated Depreciation	9,397
Pinole Vista Shopping Center, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	14,288
Initial Cost to Company, Buildings & Improvements	36,565
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	9,702
Amount at Which Carried at Close of Period. Land	14,288
Amount at Which Carried at Close of Period, Buildings & Improvements	46,267
Total real estate investments	60,555
Accumulated Depreciation	12,295
Desert Springs Marketplace, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	8,517
Initial Cost to Company, Buildings & Improvements	18,761
Cost Capitalized Subsequent to Acquisition, Land	443
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	6,551
Amount at Which Carried at Close of Period. Land	8,960
Amount at Which Carried at Close of Period, Buildings & Improvements	25,312
Total real estate investments	34,272
Accumulated Depreciation	8,432
Renaissance Towne Centre, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	8,640
Initial Cost to Company, Buildings & Improvements	13,848
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	3,214
Amount at Which Carried at Close of Period. Land	8,640
Amount at Which Carried at Close of Period, Buildings & Improvements	17,062
Total real estate investments	25,702
Accumulated Depreciation	5,612
Country Club Gate Center, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	6,487
Initial Cost to Company, Buildings & Improvements	17,341
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	1,008
Amount at Which Carried at Close of Period. Land	6,487
Amount at Which Carried at Close of Period, Buildings & Improvements	18,349
Total real estate investments	24,836
Accumulated Depreciation	5,786
Canyon Park Shopping Center, WA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	9,352
Initial Cost to Company, Buildings & Improvements	15,916
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	8,307
Amount at Which Carried at Close of Period. Land	9,352
Amount at Which Carried at Close of Period, Buildings & Improvements	24,223
Total real estate investments	33,575
Accumulated Depreciation	9,127
Hawks Prairie Shopping Center, WA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	5,334
Initial Cost to Company, Buildings & Improvements	20,694
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	4,265
Amount at Which Carried at Close of Period. Land	5,334
Amount at Which Carried at Close of Period, Buildings & Improvements	24,959
Total real estate investments	30,293
Accumulated Depreciation	7,937
The Kress Building, WA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	5,693
Initial Cost to Company, Buildings & Improvements	20,866
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	3,252
Amount at Which Carried at Close of Period. Land	5,693
Amount at Which Carried at Close of Period, Buildings & Improvements	24,118
Total real estate investments	29,811
Accumulated Depreciation	7,800
Hillsboro Market Center, OR
Real Estate Properties [Line Items]
Initial Cost to Company, Buildings & Improvements	17,553
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	4,683
Amount at Which Carried at Close of Period, Buildings & Improvements	22,236
Total real estate investments	22,236
Accumulated Depreciation	8,079
Gateway Shopping Center, WA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	6,242
Initial Cost to Company, Buildings & Improvements	23,462
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	966
Amount at Which Carried at Close of Period. Land	6,242
Amount at Which Carried at Close of Period, Buildings & Improvements	24,428
Total real estate investments	30,670
Accumulated Depreciation	7,506
Marlin Cove Shopping Center, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	8,815
Initial Cost to Company, Buildings & Improvements	6,797
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	1,999
Amount at Which Carried at Close of Period. Land	8,815
Amount at Which Carried at Close of Period, Buildings & Improvements	8,796
Total real estate investments	17,611
Accumulated Depreciation	3,603
Seabridge Marketplace, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	5,098
Initial Cost to Company, Buildings & Improvements	17,164
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	4,122
Amount at Which Carried at Close of Period. Land	5,098
Amount at Which Carried at Close of Period, Buildings & Improvements	21,286
Total real estate investments	26,384
Accumulated Depreciation	6,027
The Village at Novato, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	5,329
Initial Cost to Company, Buildings & Improvements	4,412
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	2,971
Amount at Which Carried at Close of Period. Land	5,329
Amount at Which Carried at Close of Period, Buildings & Improvements	7,383
Total real estate investments	12,712
Accumulated Depreciation	1,605
Glendora Shopping Center, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	5,847
Initial Cost to Company, Buildings & Improvements	8,758
Cost Capitalized Subsequent to Acquisition, Land	12
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	416
Amount at Which Carried at Close of Period. Land	5,859
Amount at Which Carried at Close of Period, Buildings & Improvements	9,174
Total real estate investments	15,033
Accumulated Depreciation	3,196
Wilsonville Old Town Square, OR
Real Estate Properties [Line Items]
Initial Cost to Company, Land	4,181
Initial Cost to Company, Buildings & Improvements	15,394
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	2,674
Amount at Which Carried at Close of Period. Land	4,181
Amount at Which Carried at Close of Period, Buildings & Improvements	18,068
Total real estate investments	22,249
Accumulated Depreciation	5,248
Bay Plaza, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	5,454
Initial Cost to Company, Buildings & Improvements	14,857
Cost Capitalized Subsequent to Acquisition, Land	75
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	1,164
Amount at Which Carried at Close of Period. Land	5,529
Amount at Which Carried at Close of Period, Buildings & Improvements	16,021
Total real estate investments	21,550
Accumulated Depreciation	4,915
Santa Teresa Village, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	14,965
Initial Cost to Company, Buildings & Improvements	17,162
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	14,803
Amount at Which Carried at Close of Period. Land	14,965
Amount at Which Carried at Close of Period, Buildings & Improvements	31,965
Total real estate investments	46,930
Accumulated Depreciation	8,126
Cypress Center West, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	15,480
Initial Cost to Company, Buildings & Improvements	11,819
Cost Capitalized Subsequent to Acquisition, Land	125
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	2,160
Amount at Which Carried at Close of Period. Land	15,605
Amount at Which Carried at Close of Period, Buildings & Improvements	13,979
Total real estate investments	29,584
Accumulated Depreciation	4,684
Redondo Beach Plaza, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	16,242
Initial Cost to Company, Buildings & Improvements	13,625
Cost Capitalized Subsequent to Acquisition, Land	120
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	558
Amount at Which Carried at Close of Period. Land	16,362
Amount at Which Carried at Close of Period, Buildings & Improvements	14,183
Total real estate investments	30,545
Accumulated Depreciation	4,498
Harbor Place Center, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	16,506
Initial Cost to Company, Buildings & Improvements	10,527
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	6,115
Amount at Which Carried at Close of Period. Land	16,506
Amount at Which Carried at Close of Period, Buildings & Improvements	16,642
Total real estate investments	33,148
Accumulated Depreciation	3,693
Diamond Bar Town Center, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	9,540
Initial Cost to Company, Buildings & Improvements	16,795
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	4,452
Amount at Which Carried at Close of Period. Land	9,540
Amount at Which Carried at Close of Period, Buildings & Improvements	21,247
Total real estate investments	30,787
Accumulated Depreciation	7,800
Bernardo Heights Plaza, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	3,192
Initial Cost to Company, Buildings & Improvements	8,940
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	573
Amount at Which Carried at Close of Period. Land	3,192
Amount at Which Carried at Close of Period, Buildings & Improvements	9,513
Total real estate investments	12,705
Accumulated Depreciation	3,041
Canyon Crossing, WA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	7,941
Initial Cost to Company, Buildings & Improvements	24,659
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	2,238
Amount at Which Carried at Close of Period. Land	7,941
Amount at Which Carried at Close of Period, Buildings & Improvements	26,897
Total real estate investments	34,838
Accumulated Depreciation	9,081
Diamond Hills Plaza, CA
Real Estate Properties [Line Items]
Encumbrances	34,731
Initial Cost to Company, Land	15,458
Initial Cost to Company, Buildings & Improvements	29,353
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	4,377
Amount at Which Carried at Close of Period. Land	15,458
Amount at Which Carried at Close of Period, Buildings & Improvements	33,730
Total real estate investments	49,188
Accumulated Depreciation	8,563
Granada Shopping Center, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	3,673
Initial Cost to Company, Buildings & Improvements	13,459
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	6,615
Amount at Which Carried at Close of Period. Land	3,673
Amount at Which Carried at Close of Period, Buildings & Improvements	20,074
Total real estate investments	23,747
Accumulated Depreciation	3,533
Hawthorne Crossings, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	10,383
Initial Cost to Company, Buildings & Improvements	29,277
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	355
Amount at Which Carried at Close of Period. Land	10,383
Amount at Which Carried at Close of Period, Buildings & Improvements	29,632
Total real estate investments	40,015
Accumulated Depreciation	7,978
Robinwood Shopping Center, OR
Real Estate Properties [Line Items]
Initial Cost to Company, Land	3,997
Initial Cost to Company, Buildings & Improvements	11,317
Cost Capitalized Subsequent to Acquisition, Land	18
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	565
Amount at Which Carried at Close of Period. Land	4,015
Amount at Which Carried at Close of Period, Buildings & Improvements	11,882
Total real estate investments	15,897
Accumulated Depreciation	3,344
5 Points Plaza, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	17,920
Initial Cost to Company, Buildings & Improvements	36,965
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	5,310
Amount at Which Carried at Close of Period. Land	17,920
Amount at Which Carried at Close of Period, Buildings & Improvements	42,275
Total real estate investments	60,195
Accumulated Depreciation	11,320
Crossroads Shopping Center, WA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	68,366
Initial Cost to Company, Buildings & Improvements	67,756
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	36,687
Amount at Which Carried at Close of Period. Land	68,366
Amount at Which Carried at Close of Period, Buildings & Improvements	104,443
Total real estate investments	172,809
Accumulated Depreciation	27,962
Peninsula Marketplace, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	14,730
Initial Cost to Company, Buildings & Improvements	19,214
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	1,225
Amount at Which Carried at Close of Period. Land	14,730
Amount at Which Carried at Close of Period, Buildings & Improvements	20,439
Total real estate investments	35,169
Accumulated Depreciation	5,343
Country Club Village, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	9,986
Initial Cost to Company, Buildings & Improvements	26,579
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	1,084
Amount at Which Carried at Close of Period. Land	9,986
Amount at Which Carried at Close of Period, Buildings & Improvements	27,663
Total real estate investments	37,649
Accumulated Depreciation	7,433
Plaza de la Canada, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	10,351
Initial Cost to Company, Buildings & Improvements	24,819
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	1,300
Amount at Which Carried at Close of Period. Land	10,351
Amount at Which Carried at Close of Period, Buildings & Improvements	26,119
Total real estate investments	36,470
Accumulated Depreciation	6,861
Tigard Marketplace, OR
Real Estate Properties [Line Items]
Initial Cost to Company, Land	13,587
Initial Cost to Company, Buildings & Improvements	9,603
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	308
Amount at Which Carried at Close of Period. Land	13,587
Amount at Which Carried at Close of Period, Buildings & Improvements	9,911
Total real estate investments	23,498
Accumulated Depreciation	3,278
Creekside Plaza, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	14,807
Initial Cost to Company, Buildings & Improvements	29,476
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	7,401
Amount at Which Carried at Close of Period. Land	14,807
Amount at Which Carried at Close of Period, Buildings & Improvements	36,877
Total real estate investments	51,684
Accumulated Depreciation	9,217
North Park Plaza, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	13,593
Initial Cost to Company, Buildings & Improvements	17,733
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	3,323
Amount at Which Carried at Close of Period. Land	13,593
Amount at Which Carried at Close of Period, Buildings & Improvements	21,056
Total real estate investments	34,649
Accumulated Depreciation	5,289
Fallbrook Shopping Center, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	21,232
Initial Cost to Company, Buildings & Improvements	186,197
Cost Capitalized Subsequent to Acquisition, Land	83
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	7,907
Amount at Which Carried at Close of Period. Land	21,315
Amount at Which Carried at Close of Period, Buildings & Improvements	194,104
Total real estate investments	215,419
Accumulated Depreciation	48,129
Moorpark Town Center, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	7,063
Initial Cost to Company, Buildings & Improvements	19,694
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	629
Amount at Which Carried at Close of Period. Land	7,063
Amount at Which Carried at Close of Period, Buildings & Improvements	20,323
Total real estate investments	27,386
Accumulated Depreciation	4,721
Mission Foothill Marketplace Pads, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	3,996
Initial Cost to Company, Buildings & Improvements	11,051
Cost Capitalized Subsequent to Acquisition, Land	14
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	617
Amount at Which Carried at Close of Period. Land	4,010
Amount at Which Carried at Close of Period, Buildings & Improvements	11,668
Total real estate investments	15,678
Accumulated Depreciation	2,460
Wilsonville Town Center, OR
Real Estate Properties [Line Items]
Initial Cost to Company, Land	10,334
Initial Cost to Company, Buildings & Improvements	27,101
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	1,698
Amount at Which Carried at Close of Period. Land	10,334
Amount at Which Carried at Close of Period, Buildings & Improvements	28,799
Total real estate investments	39,133
Accumulated Depreciation	7,334
Park Oaks Shopping Center, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	8,527
Initial Cost to Company, Buildings & Improvements	38,064
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	381
Amount at Which Carried at Close of Period. Land	8,527
Amount at Which Carried at Close of Period, Buildings & Improvements	38,445
Total real estate investments	46,972
Accumulated Depreciation	9,068
Ontario Plaza, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	9,825
Initial Cost to Company, Buildings & Improvements	26,635
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	1,384
Amount at Which Carried at Close of Period. Land	9,825
Amount at Which Carried at Close of Period, Buildings & Improvements	28,019
Total real estate investments	37,844
Accumulated Depreciation	7,435
Winston Manor, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	10,018
Initial Cost to Company, Buildings & Improvements	9,762
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	1,944
Amount at Which Carried at Close of Period. Land	10,018
Amount at Which Carried at Close of Period, Buildings & Improvements	11,706
Total real estate investments	21,724
Accumulated Depreciation	3,023
Jackson Square, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	6,886
Initial Cost to Company, Buildings & Improvements	24,558
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	863
Amount at Which Carried at Close of Period. Land	6,886
Amount at Which Carried at Close of Period, Buildings & Improvements	25,421
Total real estate investments	32,307
Accumulated Depreciation	5,752
Tigard Promenade, OR
Real Estate Properties [Line Items]
Initial Cost to Company, Land	9,844
Initial Cost to Company, Buildings & Improvements	10,843
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	291
Amount at Which Carried at Close of Period. Land	9,844
Amount at Which Carried at Close of Period, Buildings & Improvements	11,134
Total real estate investments	20,978
Accumulated Depreciation	2,477
Sunnyside Village Square, OR
Real Estate Properties [Line Items]
Initial Cost to Company, Land	4,428
Initial Cost to Company, Buildings & Improvements	13,324
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	2,531
Amount at Which Carried at Close of Period. Land	4,428
Amount at Which Carried at Close of Period, Buildings & Improvements	15,855
Total real estate investments	20,283
Accumulated Depreciation	4,235
Gateway Centre, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	16,275
Initial Cost to Company, Buildings & Improvements	28,308
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	3,682
Amount at Which Carried at Close of Period. Land	16,275
Amount at Which Carried at Close of Period, Buildings & Improvements	31,990
Total real estate investments	48,265
Accumulated Depreciation	6,751
Johnson Creek Center, OR
Real Estate Properties [Line Items]
Initial Cost to Company, Land	9,009
Initial Cost to Company, Buildings & Improvements	22,534
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	1,115
Amount at Which Carried at Close of Period. Land	9,009
Amount at Which Carried at Close of Period, Buildings & Improvements	23,649
Total real estate investments	32,658
Accumulated Depreciation	5,449
Iron Horse Plaza, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	8,187
Initial Cost to Company, Buildings & Improvements	39,654
Cost Capitalized Subsequent to Acquisition, Land	11
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	2,964
Amount at Which Carried at Close of Period. Land	8,198
Amount at Which Carried at Close of Period, Buildings & Improvements	42,618
Total real estate investments	50,816
Accumulated Depreciation	9,095
Bellevue Marketplace, WA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	10,488
Initial Cost to Company, Buildings & Improvements	39,119
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	10,434
Amount at Which Carried at Close of Period. Land	10,488
Amount at Which Carried at Close of Period, Buildings & Improvements	49,553
Total real estate investments	60,041
Accumulated Depreciation	10,781
Four Corner Square, WA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	9,926
Initial Cost to Company, Buildings & Improvements	31,415
Cost Capitalized Subsequent to Acquisition, Land	36
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	490
Amount at Which Carried at Close of Period. Land	9,962
Amount at Which Carried at Close of Period, Buildings & Improvements	31,905
Total real estate investments	41,867
Accumulated Depreciation	7,153
Warner Plaza, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	16,104
Initial Cost to Company, Buildings & Improvements	60,188
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	11,209
Amount at Which Carried at Close of Period. Land	16,104
Amount at Which Carried at Close of Period, Buildings & Improvements	71,397
Total real estate investments	87,501
Accumulated Depreciation	14,881
Magnolia Shopping Center, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	12,501
Initial Cost to Company, Buildings & Improvements	27,040
Cost Capitalized Subsequent to Acquisition, Land	154
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	1,998
Amount at Which Carried at Close of Period. Land	12,655
Amount at Which Carried at Close of Period, Buildings & Improvements	29,038
Total real estate investments	41,693
Accumulated Depreciation	6,280
Casitas Plaza Shopping Center, CA
Real Estate Properties [Line Items]
Encumbrances	0
Initial Cost to Company, Land	10,734
Initial Cost to Company, Buildings & Improvements	22,040
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	1,505
Amount at Which Carried at Close of Period. Land	10,734
Amount at Which Carried at Close of Period, Buildings & Improvements	23,545
Total real estate investments	34,279
Accumulated Depreciation	4,658
Bouquet Center, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	10,040
Initial Cost to Company, Buildings & Improvements	48,362
Cost Capitalized Subsequent to Acquisition, Land	18
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	887
Amount at Which Carried at Close of Period. Land	10,058
Amount at Which Carried at Close of Period, Buildings & Improvements	49,249
Total real estate investments	59,307
Accumulated Depreciation	9,275
North Ranch Shopping Center, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	31,522
Initial Cost to Company, Buildings & Improvements	95,916
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	2,676
Amount at Which Carried at Close of Period. Land	31,522
Amount at Which Carried at Close of Period, Buildings & Improvements	98,592
Total real estate investments	130,114
Accumulated Depreciation	18,037
Monterey Center, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	1,073
Initial Cost to Company, Buildings & Improvements	10,609
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	679
Amount at Which Carried at Close of Period. Land	1,073
Amount at Which Carried at Close of Period, Buildings & Improvements	11,288
Total real estate investments	12,361
Accumulated Depreciation	2,212
Rose City Center, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	3,637
Initial Cost to Company, Buildings & Improvements	10,301
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	(105)
Amount at Which Carried at Close of Period. Land	3,637
Amount at Which Carried at Close of Period, Buildings & Improvements	10,196
Total real estate investments	13,833
Accumulated Depreciation	1,840
The Knolls, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	9,726
Initial Cost to Company, Buildings & Improvements	18,299
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	121
Amount at Which Carried at Close of Period. Land	9,726
Amount at Which Carried at Close of Period, Buildings & Improvements	18,420
Total real estate investments	28,146
Accumulated Depreciation	3,486
Bridle Trails Shopping Center, WA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	11,534
Initial Cost to Company, Buildings & Improvements	20,700
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	9,704
Amount at Which Carried at Close of Period. Land	11,534
Amount at Which Carried at Close of Period, Buildings & Improvements	30,404
Total real estate investments	41,938
Accumulated Depreciation	6,253
Torrey Hills Corporate Center, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	5,579
Initial Cost to Company, Buildings & Improvements	3,915
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	2,011
Amount at Which Carried at Close of Period. Land	5,579
Amount at Which Carried at Close of Period, Buildings & Improvements	5,926
Total real estate investments	11,505
Accumulated Depreciation	2,636
PCC Community Markets Plaza, WA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	1,856
Initial Cost to Company, Buildings & Improvements	6,914
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	7
Amount at Which Carried at Close of Period. Land	1,856
Amount at Which Carried at Close of Period, Buildings & Improvements	6,921
Total real estate investments	8,777
Accumulated Depreciation	1,334
The Terraces, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	18,378
Initial Cost to Company, Buildings & Improvements	37,103
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	1,690
Amount at Which Carried at Close of Period. Land	18,378
Amount at Which Carried at Close of Period, Buildings & Improvements	38,793
Total real estate investments	57,171
Accumulated Depreciation	6,811
Santa Rosa Southside Shopping Center, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	5,595
Initial Cost to Company, Buildings & Improvements	24,453
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	11,994
Amount at Which Carried at Close of Period. Land	5,595
Amount at Which Carried at Close of Period, Buildings & Improvements	36,447
Total real estate investments	42,042
Accumulated Depreciation	5,324
Division Center, OR
Real Estate Properties [Line Items]
Initial Cost to Company, Land	6,912
Initial Cost to Company, Buildings & Improvements	26,098
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	7,157
Amount at Which Carried at Close of Period. Land	6,912
Amount at Which Carried at Close of Period, Buildings & Improvements	33,255
Total real estate investments	40,167
Accumulated Depreciation	5,323
Highland Hill Shopping Center, WA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	10,511
Initial Cost to Company, Buildings & Improvements	37,825
Cost Capitalized Subsequent to Acquisition, Land	66
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	2,908
Amount at Which Carried at Close of Period. Land	10,577
Amount at Which Carried at Close of Period, Buildings & Improvements	40,733
Total real estate investments	51,310
Accumulated Depreciation	6,409
Monta Loma Plaza, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	18,226
Initial Cost to Company, Buildings & Improvements	11,113
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	215
Amount at Which Carried at Close of Period. Land	18,226
Amount at Which Carried at Close of Period, Buildings & Improvements	11,328
Total real estate investments	29,554
Accumulated Depreciation	1,810
Fullerton Crossroads, CA
Real Estate Properties [Line Items]
Encumbrances	26,000
Initial Cost to Company, Land	28,512
Initial Cost to Company, Buildings & Improvements	45,419
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	1,062
Amount at Which Carried at Close of Period. Land	28,512
Amount at Which Carried at Close of Period, Buildings & Improvements	46,481
Total real estate investments	74,993
Accumulated Depreciation	7,542
Riverstone Marketplace, WA
Real Estate Properties [Line Items]
Encumbrances	0
Initial Cost to Company, Land	5,113
Initial Cost to Company, Buildings & Improvements	27,594
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	789
Amount at Which Carried at Close of Period. Land	5,113
Amount at Which Carried at Close of Period, Buildings & Improvements	28,383
Total real estate investments	33,496
Accumulated Depreciation	4,501
North Lynnwood Shopping Center, WA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	4,955
Initial Cost to Company, Buildings & Improvements	10,335
Cost Capitalized Subsequent to Acquisition, Land	21
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	5,189
Amount at Which Carried at Close of Period. Land	4,976
Amount at Which Carried at Close of Period, Buildings & Improvements	15,524
Total real estate investments	20,500
Accumulated Depreciation	2,452
The Village at Nellie Gail Ranch, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	22,730
Initial Cost to Company, Buildings & Improvements	22,578
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	1,924
Amount at Which Carried at Close of Period. Land	22,730
Amount at Which Carried at Close of Period, Buildings & Improvements	24,502
Total real estate investments	47,232
Accumulated Depreciation	4,066
Stadium Center, WA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	1,699
Initial Cost to Company, Buildings & Improvements	17,229
Cost Capitalized Subsequent to Acquisition, Land	45
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	116
Amount at Which Carried at Close of Period. Land	1,744
Amount at Which Carried at Close of Period, Buildings & Improvements	17,345
Total real estate investments	19,089
Accumulated Depreciation	2,272
King City Plaza, OR
Real Estate Properties [Line Items]
Initial Cost to Company, Land	5,161
Initial Cost to Company, Buildings & Improvements	10,072
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	460
Amount at Which Carried at Close of Period. Land	5,161
Amount at Which Carried at Close of Period, Buildings & Improvements	10,532
Total real estate investments	15,693
Accumulated Depreciation	1,445
Summerwalk Village, WA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	4,312
Initial Cost to Company, Buildings & Improvements	7,567
Cost Capitalized Subsequent to Acquisition, Land	0
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	3,012
Amount at Which Carried at Close of Period. Land	4,312
Amount at Which Carried at Close of Period, Buildings & Improvements	10,579
Total real estate investments	14,891
Accumulated Depreciation	973
Canyon Creek Plaza, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	13,067
Initial Cost to Company, Buildings & Improvements	13,455
Cost Capitalized Subsequent to Acquisition, Land	0
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	24
Amount at Which Carried at Close of Period. Land	13,067
Amount at Which Carried at Close of Period, Buildings & Improvements	13,479
Total real estate investments	26,546
Accumulated Depreciation	783
Palomar Village, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	9,642
Initial Cost to Company, Buildings & Improvements	26,925
Cost Capitalized Subsequent to Acquisition, Land	0
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	1,014
Amount at Which Carried at Close of Period. Land	9,642
Amount at Which Carried at Close of Period, Buildings & Improvements	27,939
Total real estate investments	37,581
Accumulated Depreciation	1,289
South Point Plaza, WA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	18,465
Initial Cost to Company, Buildings & Improvements	25,491
Cost Capitalized Subsequent to Acquisition, Land	3
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	2,175
Amount at Which Carried at Close of Period. Land	18,468
Amount at Which Carried at Close of Period, Buildings & Improvements	27,666
Total real estate investments	46,134
Accumulated Depreciation	1,258
Olympia West Center, WA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	5,716
Initial Cost to Company, Buildings & Improvements	18,378
Cost Capitalized Subsequent to Acquisition, Land	0
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	17
Amount at Which Carried at Close of Period. Land	5,716
Amount at Which Carried at Close of Period, Buildings & Improvements	18,395
Total real estate investments	24,111
Accumulated Depreciation	744
Powell Valley Junction, OR
Real Estate Properties [Line Items]
Initial Cost to Company, Land	6,334
Initial Cost to Company, Buildings & Improvements	15,685
Cost Capitalized Subsequent to Acquisition, Land	0
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	599
Amount at Which Carried at Close of Period. Land	6,334
Amount at Which Carried at Close of Period, Buildings & Improvements	16,284
Total real estate investments	22,618
Accumulated Depreciation	367
Olympia Square North, WA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	6,005
Initial Cost to Company, Buildings & Improvements	15,999
Cost Capitalized Subsequent to Acquisition, Land	0
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	4
Amount at Which Carried at Close of Period. Land	6,005
Amount at Which Carried at Close of Period, Buildings & Improvements	16,003
Total real estate investments	22,008
Accumulated Depreciation	391
Village Oaks Shopping Center, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	10,757
Initial Cost to Company, Buildings & Improvements	19,626
Cost Capitalized Subsequent to Acquisition, Land	0
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	166
Amount at Which Carried at Close of Period. Land	10,757
Amount at Which Carried at Close of Period, Buildings & Improvements	19,792
Total real estate investments	30,549
Accumulated Depreciation	387
Thomas Lake Shopping Center, WA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	16,380
Initial Cost to Company, Buildings & Improvements	18,685
Cost Capitalized Subsequent to Acquisition, Land	0
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	3
Amount at Which Carried at Close of Period. Land	16,380
Amount at Which Carried at Close of Period, Buildings & Improvements	18,688
Total real estate investments	35,068
Accumulated Depreciation	245
Ballinger Village, WA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	11,696
Initial Cost to Company, Buildings & Improvements	16,268
Cost Capitalized Subsequent to Acquisition, Land	6
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	57
Amount at Which Carried at Close of Period. Land	11,702
Amount at Which Carried at Close of Period, Buildings & Improvements	16,325
Total real estate investments	28,027
Accumulated Depreciation	$ 219

Schedule III - Real Estate an_4

Schedule III - Real Estate and Accumulated Depreciation - Reconciliation of Real Estate - Owned Subject to Operating Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance	$ 3,266,155	$ 3,156,552	$ 3,131,841
Property improvements during the year	55,086	48,570	38,913
Properties acquired during the year	134,706	136,105	0
Properties sold during the year	(30,995)	(61,491)	0
Assets written off during the year	(13,859)	(13,581)	(14,202)
Balance	$ 3,411,093	$ 3,266,155	$ 3,156,552

Schedule III - Real Estate an_5

Schedule III - Real Estate and Accumulated Depreciation - Reconciliation of Accumulated Depreciation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Balance	$ 510,836	$ 460,165	$ 390,916
Depreciation expenses	86,354	82,957	83,774
Properties sold during the year	(4,112)	(18,476)	0
Property assets fully depreciated and written off	(14,485)	(13,810)	(14,525)
Balance	$ 578,593	$ 510,836	$ 460,165

Schedule IV - Mortgage Loans _2

Schedule IV - Mortgage Loans on Real Estate (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]
Balance at beginning of period	$ 4,875	$ 4,959	$ 13,000
Repayments on mortgage note receivable	(89)	(84)	(8,041)
Balance at end of period	$ 4,786	$ 4,875	$ 4,959