Retail Opportunity Investments (ROIC) 10-K 15 Feb 24 2023 FY Annual report Financial data

Cover

Cover - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2023	Feb. 08, 2024	Jun. 30, 2023
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
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
Document Financial Statement Error Correction	false
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			$ 1.7
Entity Common Stock, Shares Outstanding		127,004,828
Entity Central Index Key	0001407623
Document Fiscal Year Focus	2023
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
Document Financial Statement Error Correction	false
Entity Shell Company	false
Entity Central Index Key	0001577230
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2023
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, 2023	Dec. 31, 2022
Real Estate Investments:
Land	$ 967,251	$ 958,236
Building and improvements	2,500,647	2,452,857
Total real estate investments	3,467,898	3,411,093
Less:  accumulated depreciation	654,543	578,593
Net real estate before mortgage notes	2,813,355	2,832,500
Mortgage note receivable	4,694	4,786
Real Estate Investments, net	2,818,049	2,837,286
Cash and cash equivalents	6,302	5,598
Restricted cash	2,116	1,861
Tenant and other receivables, net	61,193	57,546
Deposits	0	500
Acquired lease intangible assets, net	42,791	52,428
Prepaid expenses	3,354	5,957
Deferred charges, net	27,294	26,683
Other assets	16,541	16,420
Total assets	2,977,640	3,004,279
Liabilities:
Term loan	199,745	299,253
Credit facility	75,000	88,000
Senior Notes	1,043,593	946,849
Mortgage notes payable	60,052	60,917
Acquired lease intangible liabilities, net	137,820	152,117
Accounts payable and accrued expenses	50,598	22,885
Tenants’ security deposits	8,205	7,701
Other liabilities	39,420	41,959
Total liabilities	1,614,433	1,619,681
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; 126,904,085 and 124,538,811 shares issued and outstanding at December 31, 2023 and 2022, respectively	13	12
Additional paid-in capital	1,643,908	1,612,126
Accumulated dividends in excess of earnings	(357,160)	(315,984)
Accumulated other comprehensive income	559	14
Total Retail Opportunity Investments Corp. stockholders' equity	1,287,320	1,296,168
Non-controlling interests	75,887	88,430
Total equity/capital	1,363,207	1,384,598
Total liabilities and equity/capital	2,977,640	3,004,279
Retail Opportunity Investments Partnership L.P.
Real Estate Investments:
Land	967,251	958,236
Building and improvements	2,500,647	2,452,857
Total real estate investments	3,467,898	3,411,093
Less:  accumulated depreciation	654,543	578,593
Net real estate before mortgage notes	2,813,355	2,832,500
Mortgage note receivable	4,694	4,786
Real Estate Investments, net	2,818,049	2,837,286
Cash and cash equivalents	6,302	5,598
Restricted cash	2,116	1,861
Tenant and other receivables, net	61,193	57,546
Deposits	0	500
Acquired lease intangible assets, net	42,791	52,428
Prepaid expenses	3,354	5,957
Deferred charges, net	27,294	26,683
Other assets	16,541	16,420
Total assets	2,977,640	3,004,279
Liabilities:
Term loan	199,745	299,253
Credit facility	75,000	88,000
Senior Notes	1,043,593	946,849
Mortgage notes payable	60,052	60,917
Acquired lease intangible liabilities, net	137,820	152,117
Accounts payable and accrued expenses	50,598	22,885
Tenants’ security deposits	8,205	7,701
Other liabilities	39,420	41,959
Total liabilities	1,614,433	1,619,681
Equity/Capital:
ROIC capital	1,286,761	1,296,154
Limited partners’ capital	75,854	88,429
Accumulated other comprehensive income	592	15
Total equity/capital	1,363,207	1,384,598
Total liabilities and equity/capital	$ 2,977,640	$ 3,004,279

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues
Rental revenue	$ 319,056	$ 308,960	$ 280,924
Other income	8,676	3,969	3,176
Total revenues	327,732	312,929	284,100
Operating expenses
Property operating	55,166	51,057	44,439
Property taxes	35,433	34,651	33,663
Depreciation and amortization	104,227	97,494	92,929
General and administrative expenses	21,854	21,735	19,654
Other expense	1,209	960	860
Total operating expenses	217,889	205,897	191,545
Gain on sale of real estate	0	7,653	22,340
Operating income	109,843	114,685	114,895
Non-operating expenses
Interest expense and other finance expenses	(73,189)	(59,225)	(57,535)
Net income	36,654	55,460	57,360
Net income attributable to non-controlling interests	(2,120)	(3,591)	(3,852)
Net Income Attributable to Retail Opportunity Investments Corp.	$ 34,534	$ 51,869	$ 53,508
Earnings per share/unit - basic (in dollars per share)	$ 0.27	$ 0.42	$ 0.44
Earnings per share/unit - diluted (in dollars per share)	0.27	0.42	0.44
Dividends per share (in dollars per share)	$ 0.60	$ 0.56	$ 0.51
Comprehensive income:
Net income	$ 36,654	$ 55,460	$ 57,360
Other comprehensive income:
Unrealized swap derivative gain arising during the period	1,582	1,104	216
Reclassification adjustment for amortization to interest expense included in net income	(1,005)	2,286	5,894
Other comprehensive income (loss)	577	3,390	6,110
Comprehensive income	37,231	58,850	63,470
Comprehensive income attributable to non-controlling interests	(2,152)	(3,813)	(4,304)
Comprehensive income attributable to Retail Opportunity Investments Corp.	35,079	55,037	59,166
Retail Opportunity Investments Partnership L.P.
Revenues
Rental revenue	319,056	308,960	280,924
Other income	8,676	3,969	3,176
Total revenues	327,732	312,929	284,100
Operating expenses
Property operating	55,166	51,057	44,439
Property taxes	35,433	34,651	33,663
Depreciation and amortization	104,227	97,494	92,929
General and administrative expenses	21,854	21,735	19,654
Other expense	1,209	960	860
Total operating expenses	217,889	205,897	191,545
Gain on sale of real estate	0	7,653	22,340
Operating income	109,843	114,685	114,895
Non-operating expenses
Interest expense and other finance expenses	(73,189)	(59,225)	(57,535)
Net income	$ 36,654	$ 55,460	$ 57,360
Earnings per share/unit - basic (in dollars per share)	$ 0.27	$ 0.42	$ 0.44
Earnings per share/unit - diluted (in dollars per share)	0.27	0.42	0.44
Dividends per share (in dollars per share)	$ 0.60	$ 0.56	$ 0.51
Comprehensive income:
Net income	$ 36,654	$ 55,460	$ 57,360
Other comprehensive income:
Unrealized swap derivative gain arising during the period	1,582	1,104	216
Reclassification adjustment for amortization to interest expense included in net income	(1,005)	2,286	5,894
Other comprehensive income (loss)	577	3,390	6,110
Comprehensive income	$ 37,231	$ 58,850	$ 63,470

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, 2020	$ 1,291,159		$ 12	$ 1,497,662	$ (289,309)		$ (8,812)	$ 91,606
Balance (in shares) at Dec. 31, 2020			118,085,155
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				(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
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
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
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
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued under the Equity Incentive Plan (in shares)			700,691
Shares issued under the Equity Incentive Plan	32			32
Shares withheld for employee taxes (in shares)			(220,282)
Shares withheld for employee taxes	(3,291)			(3,291)
Cancellation of restricted stock (in shares)			(29,425)
Stock based compensation expense	$ 12,712			10,899				1,813
Redemption of OP Units (in shares)	1,010,000		1,010,000
Redemption of OP Units	$ 13,389		$ 1	13,388				(13,389)
Adjustment to non-controlling interests ownership in Operating Partnership	0			(1,680)				1,680
Proceeds from the issuance of common stock (in shares)			904,290
Proceeds from the issuance of common stock	12,828		$ 0	12,828
Registration expenditures	(394)			(394)
Cash dividends	(80,064)	$ (445)			(75,450)	$ (260)		(4,614)	$ (185)
Net income attributable to Retail Opportunity Investments Corp.	34,534				34,534
Net income attributable to non-controlling interests	2,120							2,120
Other comprehensive income (loss)	$ 577						545	32
Balance (in shares) at Dec. 31, 2023	126,904,085		126,904,085
Balance at Dec. 31, 2023	$ 1,363,207		$ 13	$ 1,643,908	$ (357,160)		$ 559	$ 75,887

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)					8,966,083	[1]			118,085,155	[2]
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)
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		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)	[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					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)					8,447,117	[1]			124,538,811	[2]
OP Units issued under the Equity Incentive Plan (in shares)	[2]								700,691
OP Units issued under the Equity Incentive Plan		32	32						$ 32	[2]
OP Units withheld for employee taxes (in shares)	[2]								(220,282)
OP Units withheld for employee taxes		(3,291)	(3,291)						$ (3,291)	[2]
Cancellation of OP Units (in shares)	[2]								(29,425)
Stock based compensation expense		$ 12,712	12,712		$ 1,813	[1]			$ 10,899	[2]
Equity Redemption of OP Units (in shares)		1,010,000			(1,010,000)	[1]			1,010,000	[2]
Equity Redemption of OP Units					$ (13,389)	[1]			$ 13,389	[2]
Adjustment to non-controlling interests ownership in Operating Partnership		$ 0	0		1,680	[1]			$ (1,680)	[2]
Issuance of OP Units in connection with sale of common stock (in shares)	[2]								904,290
Issuance of OP Units in connection with sale of common stock		12,828	12,828						$ 12,828	[2]
Registration expenditures		(394)	(394)						(394)	[2]
Cash distributions			(80,064)	$ (445)	(4,614)	[1]	$ (185)		(75,450)	[2]	$ (260)
Net income		36,654	36,654		$ 2,120	[1]			$ 34,534	[2]
Other comprehensive income (loss)		$ 577	577										577
Balance (in shares) at Dec. 31, 2023		134,341,202			7,437,117	[1]			126,904,085	[2]
Balance at Dec. 31, 2023			$ 1,363,207		$ 75,854	[1]			$ 1,286,761	[2]			$ 592
Total (in shares)		134,341,202			7,437,117	[1]			126,904,085	[2]
[1] Consists of limited partnership interests held by third parties. 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, 2023	Dec. 31, 2022	Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 36,654	$ 55,460	$ 57,360
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization	104,227	97,494	92,929
Amortization of deferred financing costs and mortgage discounts and premiums, net	3,920	2,559	2,383
Straight-line rent adjustment	(1,855)	(2,715)	(959)
Amortization of above-market and below-market rent	(11,172)	(11,947)	(8,795)
Amortization relating to stock based compensation	12,712	11,949	11,030
Provisions for tenant credit losses	3,369	2,034	2,779
Other noncash interest (income) expense	(15)	(57)	45
Gain on sale of real estate	0	(7,653)	(22,340)
Change in operating assets and liabilities:
Tenant and other receivables	(5,453)	(1,976)	(1,039)
Prepaid expenses	2,604	(630)	(597)
Accounts payable and accrued expenses	5,566	1,242	5,072
Other assets and liabilities, net	(3,079)	3,263	(1,536)
Net cash provided by operating activities	147,478	149,023	136,332
CASH FLOWS FROM INVESTING ACTIVITIES
Investments in real estate	(21,758)	(120,639)	(125,490)
Proceeds from sale of real estate	0	34,435	68,003
Improvements to properties	(49,625)	(58,077)	(46,242)
Deposits on real estate acquisitions	500	(500)	0
Proceeds on repayment of mortgage note receivable	92	89	84
Net cash used in investing activities	(70,791)	(144,692)	(103,645)
CASH FLOWS FROM FINANCING ACTIVITIES
Principal repayments on mortgages	(686)	(24,133)	(716)
Payments on term loan	(100,000)	0	0
Proceeds from draws on credit facility	168,000	168,000	30,000
Payments on credit facility	(181,000)	(80,000)	(78,000)
Proceeds from issuance of Senior Notes	348,289	0	0
Repayment of Senior Notes	(250,000)	0	0
Distributions to OP Unitholders	(3,498)	(6,628)	(2,857)
Deferred financing and other costs	(9,160)	0	0
Proceeds from issuance of common stock	12,828	25,199	69,602
Registration expenditures	(394)	(976)	(740)
Dividends paid to common stockholders	(56,848)	(91,583)	(39,772)
Common shares issued under the Equity Incentive Plan	32	302	428
Shares withheld for employee taxes	(3,291)	(2,416)	(1,905)
Net cash used in financing activities	(75,728)	(12,235)	(23,960)
Net increase (decrease) in cash, cash equivalents and restricted cash	959	(7,904)	8,727
Cash, cash equivalents and restricted cash at beginning of period	7,459	15,363	6,636
Cash, cash equivalents and restricted cash at end of period	8,418	7,459	15,363
Reconciliation of cash, cash equivalents and restricted cash:
Cash and cash equivalents	6,302	5,598	13,218
Restricted cash	2,116	1,861	2,145
Total cash, cash equivalents and restricted cash shown in Statements of Cash Flows	8,418	7,459	15,363
Retail Opportunity Investments Partnership L.P.
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	36,654	55,460	57,360
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization	104,227	97,494	92,929
Amortization of deferred financing costs and mortgage discounts and premiums, net	3,920	2,559	2,383
Straight-line rent adjustment	(1,855)	(2,715)	(959)
Amortization of above-market and below-market rent	(11,172)	(11,947)	(8,795)
Amortization relating to stock based compensation	12,712	11,949	11,030
Provisions for tenant credit losses	3,369	2,034	2,779
Other noncash interest (income) expense	(15)	(57)	45
Gain on sale of real estate	0	(7,653)	(22,340)
Change in operating assets and liabilities:
Tenant and other receivables	(5,453)	(1,976)	(1,039)
Prepaid expenses	2,604	(630)	(597)
Accounts payable and accrued expenses	5,566	1,242	5,072
Other assets and liabilities, net	(3,079)	3,263	(1,536)
Net cash provided by operating activities	147,478	149,023	136,332
CASH FLOWS FROM INVESTING ACTIVITIES
Investments in real estate	(21,758)	(120,639)	(125,490)
Proceeds from sale of real estate	0	34,435	68,003
Improvements to properties	(49,625)	(58,077)	(46,242)
Deposits on real estate acquisitions	500	(500)	0
Proceeds on repayment of mortgage note receivable	92	89	84
Net cash used in investing activities	(70,791)	(144,692)	(103,645)
CASH FLOWS FROM FINANCING ACTIVITIES
Principal repayments on mortgages	(686)	(24,133)	(716)
Payments on term loan	(100,000)	0	0
Proceeds from draws on credit facility	168,000	168,000	30,000
Payments on credit facility	(181,000)	(80,000)	(78,000)
Proceeds from issuance of Senior Notes	348,289	0	0
Repayment of Senior Notes	(250,000)	0	0
Distributions to OP Unitholders	(60,346)	(98,211)	(42,629)
Deferred financing and other costs	(9,160)	0	0
Proceeds from issuance of common stock	12,828	25,199	69,602
Registration expenditures	(394)	(976)	(740)
Common shares issued under the Equity Incentive Plan	32	302	428
Shares withheld for employee taxes	(3,291)	(2,416)	(1,905)
Net cash used in financing activities	(75,728)	(12,235)	(23,960)
Net increase (decrease) in cash, cash equivalents and restricted cash	959	(7,904)	8,727
Cash, cash equivalents and restricted cash at beginning of period	7,459	15,363	6,636
Cash, cash equivalents and restricted cash at end of period	8,418	7,459	15,363
Reconciliation of cash, cash equivalents and restricted cash:
Cash and cash equivalents	6,302	5,598	13,218
Restricted cash	2,116	1,861	2,145
Total cash, cash equivalents and restricted cash shown in Statements of Cash Flows	$ 8,418	$ 7,459	$ 15,363

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
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)	126,904,085	124,538,811
Common stock, shares outstanding (in shares)	126,904,085	124,538,811

Consolidated Statements of Eq_2

Consolidated Statements of Equity (Parentheticals) - $ / shares					12 Months Ended
	Dec. 15, 2023	Sep. 15, 2023	Jun. 16, 2023	Mar. 17, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Stockholders' Equity [Abstract]
Dividends per share (in dollars per share)	$ 0.1500	$ 0.1500	$ 0.1500	$ 0.1500	$ 0.60	$ 0.56	$ 0.51

Consolidated Statement of Par_2

Consolidated Statement of Partners' Capital (Parentheticals) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash distributions per unit (usd per share)	$ 0.60	$ 0.56	$ 0.51
Retail Opportunity Investments Partnership L.P.
Cash distributions per unit (usd per share)	$ 0.60	$ 0.56	$ 0.51

Organization, Basis of Presenta

Organization, Basis of Presentation and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
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. 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 Financial Accounting Standards Board (“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, 2023, the statute of limitations for the tax years 2019 through and including 2022 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, 2023. Record Date Payable Date Total Distribution per Share Ordinary Income per Share Section 199A Dividends (1) 3/17/2023 4/7/2023 $0.1500 $0.1500 $0.1500 6/16/2023 7/7/2023 $0.1500 $0.1500 $0.1500 9/15/2023 10/6/2023 $0.1500 $0.1500 $0.1500 12/15/2023 1/5/2024 $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, 2023 and 2022, capitalized costs related to the improvement or replacement of real estate properties were approximately $50.9 million and $55.1 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 relative fair value (for acquisitions not meeting the definition of a business) and fair value (for acquisitions 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. Substantially all of the Company’s acquisitions are accounted for as asset acquisitions. 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 associated with the original lease term and option periods, if applicable, is amortized to Rental revenue over the terms of the respective leases including option periods. The value of in-place leases is amortized to Depreciation 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, 2023, 2022 or 2021. 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, 2023 or December 31, 2022. 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 and Collectability 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. The Company also enters into lease settlement agreements to resolve disputes with tenants who have defaulted. Lease settlement fee income is recognized in Other income during the period in which the settlement occurs. 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 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, 2023 and December 31, 2022 was approximately $17.4 million and $15.7 million, respectively. 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, 2023 that will be charged to future operations are as follows (in thousands): Lease Origination Costs 2024 $ 3,956 2025 3,413 2026 2,807 2027 2,355 2028 1,994 Thereafter 7,762 Total $ 22,287 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, 2023, 2022 and 2021, 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 (as 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, 2023 2022 2021 Numerator: Net income $ 36,654 $ 55,460 $ 57,360 Less income attributable to non-controlling interests (2,120) (3,591) (3,852) Less earnings allocated to participating securities (455) (378) (355) Net income available for common stockholders, basic $ 34,079 $ 51,491 $ 53,153 Numerator: Net income $ 36,654 $ 55,460 $ 57,360 Less earnings allocated to participating securities (455) (378) (355) Net income available for common stockholders, diluted $ 36,199 $ 55,082 $ 57,005 Denominator: Denominator for basic EPS – weighted average common equivalent shares 124,999,568 123,394,745 119,544,749 OP Units 7,717,199 8,566,343 8,650,485 Performance-based restricted stock awards and LTIP Units 148,163 323,027 250,585 Stock options — 820 8,079 Denominator for diluted EPS – weighted average common equivalent shares 132,864,930 132,284,935 128,453,898 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, 2023 2022 2021 Numerator: Net income $ 36,654 $ 55,460 $ 57,360 Less earnings allocated to participating securities (455) (378) (355) Net income available to unitholders, basic and diluted $ 36,199 $ 55,082 $ 57,005 Denominator: Denominator for basic earnings per unit – weighted average common equivalent units 132,716,767 131,961,088 128,195,234 Performance-based restricted stock awards and LTIP Units 148,163 323,027 250,585 Stock options — 820 8,079 Denominator for diluted earnings per unit – weighted average common equivalent units 132,864,930 132,284,935 128,453,898 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”). Accordingly, if such vesting criteria are not met, the Company accounts for forfeitures as they occur. 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. Amounts paid, or received, to cash settle interest rate derivatives prior to their maturity date are recorded in Accumulated other comprehensive income (“AOCI”) at the cash settlement amount, and are reclassified to Interest expense as interest expense is recognized on the hedged debt. 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 Disclosures The following tables provides supplemental disclosures related to the consolidated statements of cash flows (in thousands): Year Ended December 31, 2023 2022 2021 Supplemental disclosure of cash activities: Cash paid on gross receipts and income for federal and state purposes $ 315 $ 386 $ 292 Interest paid $ 63,192 $ 56,642 $ 55,104 Other non-cash investing and financing activities: Increase in intangible lease liabilities $ — $ 30,981 $ 21,563 Increase in interest rate swap asset $ 592 $ — $ — Decrease in interest rate swap liability $ — $ (3,447) $ (6,064) Accrued real estate improvement costs $ 5,372 $ 3,670 $ 7,122 Equity redemption of OP Units $ 13,389 $ 5,071 $ 6,858 Dividends and distributions payable $ 21,011 $ 849 $ 24,219

Real Estate Investments

Real Estate Investments	12 Months Ended
	Dec. 31, 2023
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, 2023 and December 31, 2022. 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 2023 On December 1, 2023, the Company acquired the property known as Foothill Plaza, located in La Verne, California, within the Los Angeles metropolitan area, for an adjusted purchase price of approximately $21.9 million. Foothill Plaza is approximately 65,000 square feet and is anchored by Sprouts Market. The property was acquired with cash on hand. Property Asset Acquisitions in 2022 During the year ended December 31, 2022, the Company acquired five properties with a total of approximately 502,000 square feet for a total adjusted purchase price of approximately $120.6 million. The financial information set forth below summarizes the Company’s purchase price allocation for property assets acquired during the years ended December 31, 2023 and December 31, 2022 (in thousands): December 31, 2023 December 31, 2022 Assets Land $ 8,748 $ 51,150 Building and improvements 13,122 86,263 Acquired lease intangible asset — 8,745 Deferred charges — 5,462 Assets acquired $ 21,870 $ 151,620 Liabilities Acquired lease intangible liability — 30,981 Liabilities assumed $ — $ 30,981 The following table summarizes the operating results included in the Company’s historical consolidated statement of operations for the year ended December 31, 2023, for the property asset acquired during the year ended December 31, 2023 (in thousands): Year Ended December 31, 2023 Statement of operations: Revenues $ 163 Net income attributable to Retail Opportunity Investments Corp. $ 93 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 Property Dispositions in 2022 During the year ended December 31, 2022, the Company sold one property. The total sales price of approximately $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. The Company did not have any property dispositions during the year ended December 31, 2023. 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, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Acquired Lease Intangibles	Acquired Lease Intangibles Intangible assets and liabilities as of December 31, 2023 and December 31, 2022 consisted of the following (in thousands): December 31, 2023 2022 Assets: In-place leases $ 65,300 $ 70,133 Accumulated amortization (29,084) (27,405) Above-market leases 17,543 21,307 Accumulated amortization (10,968) (11,607) Acquired lease intangible assets, net $ 42,791 $ 52,428 Liabilities: Below-market leases $ 191,294 $ 205,421 Accumulated amortization (53,474) (53,304) Acquired lease intangible liabilities, net $ 137,820 $ 152,117 For the years ended December 31, 2023, 2022 and 2021, the net amortization of acquired lease intangible assets and acquired lease intangible liabilities for above- and below-market leases was $11.2 million, $11.9 million and $8.8 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, 2023, 2022 and 2021, the amortization of in-place leases was $6.5 million, $5.9 million and $4.8 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, 2023 is as follows (in thousands): Year Ending December 31: 2024 $ 5,550 2025 4,687 2026 3,802 2027 3,150 2028 2,864 Thereafter 22,738 Total future amortization of acquired lease intangible assets $ 42,791 The scheduled future amortization of acquired lease intangible liabilities as of December 31, 2023 is as follows (in thousands): Year Ending December 31: 2024 $ 11,474 2025 10,893 2026 10,031 2027 9,347 2028 8,969 Thereafter 87,106 Total future amortization of acquired lease intangible liabilities $ 137,820

Tenant Leases

Tenant Leases	12 Months Ended
	Dec. 31, 2023
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, 2023 are summarized as follows (in thousands): Year Ending December 31: 2024 $ 223,572 2025 200,817 2026 172,190 2027 142,175 2028 109,621 Thereafter 370,075 Total minimum lease payments $ 1,218,450

Mortgage Notes Payable, Credit

Mortgage Notes Payable, Credit Facilities and Senior Notes	12 Months Ended
	Dec. 31, 2023
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 and debt discounts is included in Interest expense and other finance expenses in the consolidated statements of operations and comprehensive income. Mortgage Notes Payable The mortgage notes payable collateralized by respective properties and assignment of leases at December 31, 2023 and December 31, 2022, respectively, were as follows (in thousands, except interest rates): Maturity Date Interest Rate December 31, Property 2023 2022 Fullerton Crossroads April 2024 4.728 % 26,000 26,000 Diamond Hills Plaza October 2025 3.550 % 34,045 34,731 60,045 60,731 Unamortized mortgage premiums 72 288 Net unamortized deferred financing costs (65) (102) Total mortgage notes payable $ 60,052 $ 60,917 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 2024 $ 26,000 $ 708 $ 72 $ 26,780 2025 32,787 550 — 33,337 Thereafter — — — — Total $ 58,787 $ 1,258 $ 72 $ 60,117 Term Loan and Credit Facility The carrying values of the Operating Partnership’s unsecured term loan (the “term loan”) were as follows (in thousands): December 31, 2023 2022 Term loan $ 200,000 $ 300,000 Net unamortized deferred financing costs (255) (747) Term loan $ 199,745 $ 299,253 The Operating Partnership has an unsecured term loan (the “term loan”) with several banks. Effective March 2, 2023, the Operating Partnership entered into a Third Amendment to the First Amended and Restated Term Loan Agreement, dated as of September 8, 2017, as amended (the “Term Loan Agreement”). Under the Term Loan Agreement, the lenders agreed to provide $300.0 million of unsecured borrowings. The maturity date of the term loan is 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 if certain conditions are met, including the consent of the lenders to the additional commitments. Under the Term Loan Agreement, Secured Overnight Financing Rate (“SOFR”) based loans bear interest at Daily Simple SOFR or Term SOFR plus an index adjustment of 0.10% plus an applicable rate based on the credit rating of the Company (currently 1.0%). Base Rate Loans bear interest at a rate equal to an applicable rate based on the credit rating of the Company (currently 0.0%) plus the greater of (i) the Federal Funds Rate plus 0.50%, (ii) the rate publicly announced by KeyBank National Association as its “prime rate,” and (iii) one month Adjusted Term SOFR plus 1.0%. Capitalized terms used in this paragraph but not otherwise defined herein have the meanings set forth in the Term Loan Agreement. The Operating Partnership has an unsecured revolving credit facility (the “credit facility”) with several banks. Effective March 2, 2023, the Operating Partnership entered into a Third Amendment to the Second Amended and Restated Credit Agreement, dated as of September 8, 2017 (as amended, the “Credit Facility Agreement”). Under the Credit Facility Agreement, the Operating Partnership has borrowing capacity of up to $600.0 million. The maturity date under the Credit Facility Agreement is March 2, 2027, 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 Agreement up to an aggregate of $1.2 billion, subject to lender consents and other conditions. Under the Credit Facility Agreement, SOFR based loans bear interest at Daily Simple SOFR or Term SOFR plus an index adjustment of 0.10% plus an applicable rate based on the credit rating of the Company (currently 0.85%). Base Rate Loans and Swing Line Loans bear interest at a rate equal to an applicable rate based on the credit rating of the Company (currently 0.0%) plus the greater of (i) the Federal Funds Rate plus 0.50%, (ii) the rate publicly announced by KeyBank National Association as its “prime rate,” and (iii) one month Adjusted Term SOFR plus 1.0%. Capitalized terms used in this paragraph but not otherwise defined herein have the meanings set forth in the Credit Facility Agreement. 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 $150,000 outstanding as of December 31, 2023. 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, 2023, $75.0 million was outstanding under the credit facility, compared to $88.0 million outstanding as of December 31, 2022. The net unamortized deferred financing costs, which are included in Deferred charges, net in the accompanying consolidated balance sheets, were approximately $5.0 million as of December 31, 2023 compared to approximately $1.0 million as of December 31, 2022. The weighted average interest rate on the term loan during the year ended December 31, 2023 was 6.1%. As discussed in Note 11 of the accompanying consolidated financial statements, the Company uses interest rate swaps to help manage its interest rate risk. Effective March 31, 2023, $150.0 million of the Company’s term loan was swapped at a blended interest rate of 5.4%. The weighted average interest rate on the credit facility during the year ended December 31, 2023 was 5.9%. The Company had no amounts available to borrow under the term loan at December 31, 2023. The Company had approximately $525.0 million available to borrow under the credit facility at December 31, 2023. Senior Notes The Operating Partnership issued $350.0 million aggregate principal amount of unsecured senior notes in September 2023 (the “Senior Notes Due 2028”), $250.0 million aggregate principal amount of unsecured senior notes in December 2017 (the “Senior Notes Due 2027”), $200.0 million aggregate principal amount of unsecured senior notes in September 2016 (the “Senior Notes Due 2026”), and $250.0 million aggregate principal amount of unsecured senior notes in December 2014 (the “Senior Notes Due 2024” and collectively with the Senior Notes Due 2026, the Senior Notes Due 2027 and the Senior Notes Due 2028, the “Senior Notes”). The key terms of the Operating Partnership’s Senior Notes are as follows: Senior Notes Aggregate Principal Amount (in thousands) Issue Date and Interest Accrual Date Maturity Date Contractual Interest Rate First Interest Payment Interest Payments Due Senior Notes Due 2028 $ 350,000 September 21, 2023 October 15, 2028 6.75 % April 15, 2024 April 15 and October 15 Senior Notes Due 2027 $ 250,000 December 15, 2017 December 15, 2027 4.19 % June 15, 2018 June 15 and December 15 Senior Notes Due 2026 $ 200,000 September 22, 2016 September 22, 2026 3.95 % March 22, 2017 March 22 and September 22 Senior Notes Due 2024 $ 250,000 December 3, 2014 December 15, 2024 4.00 % June 15, 2015 June 15 and December 15 On September 21, 2023, the Operating Partnership completed a registered underwritten public offering of $350.0 million aggregate principal amount of 6.75% Senior Notes due 2028. Proceeds from the Senior Notes Due 2028 were used to pay down $100.0 million of borrowings under the term loan on September 21, 2023. The remaining proceeds from this offering, along with borrowings under the credit facility, were used for the repayment of the Operating Partnership’s $250.0 million Senior Notes Due 2023 on December 15, 2023. The Operating Partnership completed registered underwritten public offerings for the Senior Notes Due 2028 and the Senior Notes Due 2024 and completed private placements for the Senior Notes Due 2027 and the Senior Notes Due 2026. The Senior Notes 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 guarantees the Operating Partnership’s obligations under the Senior Notes 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. ROIC’s guarantees are senior unsecured obligations of ROIC and rank equally in right of payment with all other senior unsecured indebtedness of ROIC. ROIC’s guarantees of the Senior Notes are effectively subordinated in right of payment to all liabilities, whether secured or unsecured, and any preferred equity of ROIC’s subsidiaries (including the Operating Partnership and any entity ROIC accounts for under the equity method of accounting). The carrying value of the Operating Partnership’s Senior Notes are as follows (in thousands): December 31, 2023 2022 Principal amount $ 1,050,000 $ 950,000 Unamortized debt discount (2,033) (1,304) Net unamortized deferred financing costs (4,374) (1,847) Senior Notes $ 1,043,593 $ 946,849 The combined aggregate principal maturities of the Operating Partnership’s unsecured senior notes payable during the next five years and thereafter are as follows (in thousands): Principal Repayments 2024 $ 250,000 2025 — 2026 200,000 2027 250,000 2028 350,000 Thereafter — Total $ 1,050,000 Deferred Financing Costs and Debt Discounts The unamortized balances of deferred financing costs and discounts associated with the term loan, Senior Notes Due 2028, Senior Notes Due 2027, Senior Notes Due 2026, Senior Notes Due 2024, 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 credit facility, included in Deferred charges, net in the consolidated balance sheets as of December 31, 2023 that will be charged to future operations during the next five years and thereafter are as follows (in thousands): Financing Costs 2024 $ 3,703 2025 2,873 2026 2,836 2027 1,479 2028 843 Thereafter — Total $ 11,734 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 Operating Partnership was in compliance with such covenants at December 31, 2023.

Preferred Stock of ROIC

Preferred Stock of ROIC	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Preferred Stock of ROIC	Preferred Stock of ROIC ROIC 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, 2023 and December 31, 2022, there were no shares of preferred stock outstanding.

Common Stock of ROIC

Common Stock of ROIC	12 Months Ended
	Dec. 31, 2023
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). For both the three months and year ended December 31, 2023, ROIC sold a total of 904,290 shares under the Sales Agreement, which resulted in gross proceeds of approximately $12.8 million and commissions of approximately $128,000 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, 2023, 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, 2023
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 both the Equity Incentive Plan and the Prior 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, 2023, ROIC awarded 505,953 shares of time-based restricted common stock under the Equity Incentive Plan. A summary of the status of the Company’s non-vested restricted stock awards as of December 31, 2023, and changes during the year ended December 31, 2023 are presented below: Shares Weighted Average Non-vested as of December 31, 2022 1,310,598 $ 17.85 Vested (649,161) $ 17.22 Granted 505,953 $ 14.56 Forfeited (29,425) $ 14.43 Non-vested as of December 31, 2023 1,137,965 $ 16.74 As of December 31, 2023, there remained a total of approximately $7.6 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 1.5 years (irrespective of achievement of the performance conditions). The total fair value of restricted stock that vested during the years ended December 31, 2023, 2022 and 2021 was approximately $9.7 million, $7.9 million and $5.5 million, respectively. LTIP Units During the year ended December 31, 2023, ROIC awarded 245,972 LTIP Units under the Equity Incentive Plan. The LTIP Units vest based on both pre-defined operational and market-indexed performance criteria with a vesting date on January 1, 2026. The LTIP Units were issued at a weighted average grant date fair value of $14.97. 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. 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. As of December 31, 2023, there remained a total of approximately $3.6 million of unrecognized compensation expense related to outstanding non-vested LTIPs awarded under the Equity Incentive Plan. LTIP Unit compensation is expected to be expensed over a remaining weighted average period of 2.0 years. Stock Based Compensation Expense For the years ended December 31, 2023, 2022 and 2021, the amounts charged to expense for all stock based compensation arrangements totaled approximately $12.7 million, $11.9 million and $11.0 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 $103,000, $97,000 and $95,000 for the years ended December 31, 2023, 2022 and 2021, respectively.

Capital of the Operating Partne

Capital of the Operating Partnership	12 Months Ended
	Dec. 31, 2023
Partners' Capital Notes [Abstract]
Capital of the Operating Partnership	Capital of the Operating Partnership As of December 31, 2023, the Operating Partnership had 134,341,202 OP Units outstanding. ROIC owned an approximate 94.4% partnership interest in the Operating Partnership at December 31, 2023, or 126,904,085 OP Units. The remaining 7,437,117 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, 2023, 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, 2023, ROIC received notices of redemption for a total of 1,010,000 OP Units. ROIC elected to redeem the 1,010,000 OP Units for shares of ROIC common stock on a one-for-one basis, and accordingly, 1,010,000 shares of ROIC common stock were issued. The redemption value of outstanding OP Units owned by the limited partners as of December 31, 2023, not including ROIC, had such units been redeemed at December 31, 2023, was approximately $104.3 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, 2023, which amounted to $14.02 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, 2023
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 SOFR contracts. The fair value of the outstanding Senior Notes Due 2028 and Senior Notes Due 2024 as of December 31, 2023 was approximately $368.0 million and $246.5 million, respectively, based on inputs not quoted on active markets, but corroborated by market data, or Level 2. The fair value of the outstanding Senior Notes Due 2027 and Senior Notes Due 2026 as of December 31, 2023 was approximately $230.1 million and $187.5 million, respectively, calculated using significant inputs which are not observable in the market, or Level 3. 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 $59.3 million with a weighted average interest rate of 7.5% as of December 31, 2023. 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, 2023
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 primarily uses 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 following is a summary of the terms of the Company’s current interest rate swaps as of December 31, 2023 (in thousands): Swap Counterparty Notional Amount Effective Date Maturity Date Wells Fargo $ 100,000 3/31/2023 8/31/2024 U.S. Bank $ 50,000 3/31/2023 8/31/2024 The changes in the fair value of derivatives that are designated as cash flow hedges are recorded in 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 has 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 utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by the Company and its counterparties. However, as of December 31, 2023, the Company has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustments are not significant to the overall valuation of its derivatives. As a result, the Company has determined that its derivative valuation in its entirety is classified in Level 2 of the fair value hierarchy. 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, 2023: Assets Derivative financial instruments $ — $ 592 $ — $ 592 During the next twelve months, the Company estimates that approximately $592,000 will be reclassified as a non-cash decrease to interest expense related to the Company’s two outstanding 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, 2023 and December 31, 2022, respectively (in thousands): Derivatives designed as hedging instruments Balance sheet location December 31, 2023 Fair Value December 31, 2022 Fair Value Interest rate products Other assets $ 592 $ — 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, 2023, 2022, and 2021, respectively (in thousands): Year Ended December 31, 2023 2022 2021 Amount of gain recognized in OCI on derivatives $ 1,582 $ 1,104 $ 216 Amount of (gain) loss reclassified from AOCI into interest $ (1,005) $ 2,286 $ 5,894

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
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, 2023, the Company’s net lease liability of approximately $16.4 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, 2023 (in thousands): Operating Leases 2024 $ 1,364 2025 1,369 2026 1,389 2027 1,417 2028 1,446 Thereafter 27,596 Total undiscounted future minimum lease payments 34,581 Future minimum lease payments, discount (18,159) Lease liability $ 16,422 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 from December 2014 through March 2017) from the date of the Tax Protection Agreements. In the unlikely event that the Company were to trigger the tax protection provisions under these agreements, the Company would be required to pay damages in the amount of the taxes owed by these limited partners (plus additional damages in the amount of the taxes incurred as a result of such payment).

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2023
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, 2023, 2022, and 2021, the Company incurred approximately $96,000, $95,000 and $85,000, 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, 2023
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsOn February 13, 2024, 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 5, 2024 to holders of record on March 15, 2024.

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2023
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, 2023 (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 $ 930 $ 1,456 $ 7,277 $ 11,730 $ 19,007 $ 5,045 12/22/2009 Santa Ana Downtown Plaza, CA — 7,895 9,890 — 3,733 7,895 13,623 21,518 5,244 1/26/2010 Meridian Valley Plaza, WA — 1,881 4,795 — 1,633 1,881 6,428 8,309 3,073 2/1/2010 The Market at Lake Stevens, WA — 3,087 12,397 — (321) 3,087 12,076 15,163 4,480 3/16/2010 Pleasant Hill Marketplace, CA — 6,359 6,927 — 869 6,359 7,796 14,155 3,300 4/8/2010 Happy Valley Town Center, OR — 11,678 27,011 — 4,889 11,678 31,900 43,578 12,680 7/14/2010 Cascade Summit Town Square, OR — 8,853 7,732 — 3,486 8,853 11,218 20,071 3,692 8/20/2010 Heritage Market Center, WA — 6,595 17,399 — 2,181 6,595 19,580 26,175 7,356 9/23/2010 Claremont Promenade, CA — 5,975 1,019 183 4,439 6,158 5,458 11,616 3,162 9/23/2010 Sycamore Creek, CA — 3,747 11,584 — 552 3,747 12,136 15,883 5,217 9/30/2010 Gateway Village, CA — 5,917 27,298 — 1,270 5,917 28,568 34,485 10,974 12/16/2010 Division Crossing, OR — 3,706 8,327 8 5,950 3,714 14,277 17,991 7,043 12/22/2010 Halsey Crossing, OR (2) — — 7,773 — 7,985 — 15,758 15,758 6,300 12/22/2010 Marketplace Del Rio, CA — 13,420 22,251 9 8,115 13,429 30,366 43,795 10,527 1/3/2011 Pinole Vista Shopping Center, CA — 14,288 36,565 — 10,780 14,288 47,345 61,633 13,841 1/6/2011 Desert Springs Marketplace, CA — 8,517 18,761 443 8,343 8,960 27,104 36,064 9,490 2/17/2011 Renaissance Towne Centre, CA — 8,640 13,848 — 3,433 8,640 17,281 25,921 6,273 8/3/2011 Country Club Gate Center, CA — 6,487 17,341 — 1,200 6,487 18,541 25,028 6,424 7/8/2011 Canyon Park Shopping Center, WA — 9,352 15,916 — 8,531 9,352 24,447 33,799 10,264 7/29/2011 Hawks Prairie Shopping Center, WA — 5,334 20,694 — 4,277 5,334 24,971 30,305 8,876 9/8/2011 The Kress Building, WA — 5,693 20,866 — 3,336 5,693 24,202 29,895 8,552 9/30/2011 Hillsboro Market Center, OR (2) — — 17,553 — 4,589 — 22,142 22,142 8,983 11/23/2011 Gateway Shopping Center, WA (2) — 6,242 23,462 — 1,071 6,242 24,533 30,775 8,282 2/16/2012 Marlin Cove Shopping Center, CA — 8,815 6,797 — 1,633 8,815 8,430 17,245 3,551 5/4/2012 Seabridge Marketplace, CA — 5,098 17,164 — 4,289 5,098 21,453 26,551 6,699 5/31/2012 The Village at Novato, CA — 5,329 4,412 — 3,389 5,329 7,801 13,130 1,772 7/24/2012 Glendora Shopping Center, CA — 5,847 8,758 12 (80) 5,859 8,678 14,537 2,956 8/1/2012 Wilsonville Old Town Square, OR — 4,181 15,394 — 2,063 4,181 17,457 21,638 5,483 2010/2012 Bay Plaza, CA — 5,454 14,857 75 1,440 5,529 16,297 21,826 5,364 10/5/2012 Santa Teresa Village, CA — 14,965 17,162 — 14,850 14,965 32,012 46,977 9,665 11/8/2012 Cypress Center West, CA — 15,480 11,819 134 2,172 15,614 13,991 29,605 4,778 12/7/2012 Redondo Beach Plaza, CA — 16,242 13,625 150 129 16,392 13,754 30,146 4,229 12/28/2012 Harbor Place Center, CA — 16,506 10,527 — 13,147 16,506 23,674 40,180 4,540 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 3 4,534 9,543 21,329 30,872 8,683 2/1/2013 Bernardo Heights Plaza, CA — 3,192 8,940 — 873 3,192 9,813 13,005 3,396 2/6/2013 Canyon Crossing, WA — 7,941 24,659 — 2,288 7,941 26,947 34,888 10,038 4/15/2013 Diamond Hills Plaza, CA 34,045 15,458 29,353 — 4,309 15,458 33,662 49,120 9,684 4/22/2013 Granada Shopping Center, CA — 3,673 13,459 — 6,771 3,673 20,230 23,903 4,260 6/27/2013 Hawthorne Crossings, CA — 10,383 29,277 — 513 10,383 29,790 40,173 8,906 6/27/2013 Robinwood Shopping Center, OR — 3,997 11,317 18 780 4,015 12,097 16,112 3,744 8/23/2013 5 Points Plaza, CA — 17,920 36,965 — 7,433 17,920 44,398 62,318 12,785 9/27/2013 Crossroads Shopping Center, WA — 68,366 67,756 — 44,835 68,366 112,591 180,957 32,303 2010/2013 Peninsula Marketplace, CA — 14,730 19,214 — 1,470 14,730 20,684 35,414 6,044 11/1/2013 Country Club Village, CA — 9,986 26,579 — 1,285 9,986 27,864 37,850 8,314 11/26/2013 Plaza de la Canada, CA (2) — 10,351 24,819 — 1,424 10,351 26,243 36,594 7,714 12/13/2013 Tigard Marketplace, OR — 13,520 9,603 — 243 13,520 9,846 23,366 3,631 2/18/2014 Creekside Plaza, CA — 14,807 29,476 — 8,302 14,807 37,778 52,585 10,595 2/28/2014 North Park Plaza, CA — 13,593 17,733 — 3,796 13,593 21,529 35,122 6,017 4/30/2014 Fallbrook Shopping Center, CA (2) — 21,232 186,197 83 8,718 21,315 194,915 216,230 53,208 6/13/2014 Moorpark Town Center, CA — 7,063 19,694 — 770 7,063 20,464 27,527 5,455 12/4/2014 Mission Foothill Marketplace Pads, CA — 3,996 11,051 14 884 4,010 11,935 15,945 2,831 12/4/2014 Wilsonville Town Center, OR — 10,334 27,101 — 1,426 10,334 28,527 38,861 7,903 12/11/2014 Park Oaks Shopping Center, CA — 8,527 38,064 — 612 8,527 38,676 47,203 10,186 1/6/2015 Ontario Plaza, CA — 9,825 26,635 — 1,043 9,825 27,678 37,503 7,814 1/6/2015 Winston Manor, CA — 10,018 9,762 — 2,290 10,018 12,052 22,070 3,456 1/7/2015 Jackson Square, CA — 6,886 24,558 — 995 6,886 25,553 32,439 6,611 7/1/2015 Tigard Promenade, OR — 9,844 10,843 — 389 9,844 11,232 21,076 2,795 7/28/2015 Sunnyside Village Square, OR — 4,428 13,324 — 2,541 4,428 15,865 20,293 4,871 7/28/2015 Gateway Centre, CA — 16,275 28,308 — 3,949 16,275 32,257 48,532 7,799 9/1/2015 Johnson Creek Center, OR — 9,009 22,534 — 1,081 9,009 23,615 32,624 5,986 11/9/2015 Iron Horse Plaza, CA — 8,187 39,654 11 2,765 8,198 42,419 50,617 10,212 12/4/2015 Bellevue Marketplace, WA — 10,488 39,119 — 11,084 10,488 50,203 60,691 12,096 12/10/2015 Four Corner Square, WA — 9,926 31,415 38 (6) 9,964 31,409 41,373 7,634 12/21/2015 Warner Plaza, CA — 16,104 60,188 — 12,742 16,104 72,930 89,034 17,511 12/31/2015 Magnolia Shopping Center, CA — 12,501 27,040 250 2,073 12,751 29,113 41,864 6,987 3/10/2016 Casitas Plaza Shopping Center, CA — 10,734 22,040 — 1,703 10,734 23,743 34,477 5,440 3/10/2016 Bouquet Center, CA — 10,040 48,362 37 911 10,077 49,273 59,350 10,691 4/28/2016 North Ranch Shopping Center, CA — 31,522 95,916 — 4,750 31,522 100,666 132,188 20,950 6/1/2016 Monterey Center, CA (2) — 1,073 10,609 — 746 1,073 11,355 12,428 2,590 7/14/2016 Rose City Center, OR (2) — 3,637 10,301 — (105) 3,637 10,196 13,833 2,130 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 — 155 9,726 18,454 28,180 4,068 10/3/2016 Bridle Trails Shopping Center, WA — 11,534 20,700 — 9,721 11,534 30,421 41,955 7,571 10/17/2016 Torrey Hills Corporate Center, CA — 5,579 3,915 — 135 5,579 4,050 9,629 936 12/6/2016 PCC Community Markets Plaza, WA (2) — 1,856 6,914 — 7 1,856 6,921 8,777 1,559 1/25/2017 The Terraces, CA — 18,378 37,103 — 1,748 18,378 38,851 57,229 8,092 3/17/2017 Santa Rosa Southside Shopping Center, CA — 5,595 24,453 — 12,088 5,595 36,541 42,136 6,847 3/24/2017 Division Center, OR — 6,912 26,098 — 8,921 6,912 35,019 41,931 6,205 4/5/2017 Highland Hill Shopping Center, WA — 10,511 37,825 70 2,979 10,581 40,804 51,385 7,371 5/9/2017 Monta Loma Plaza, CA — 18,226 11,113 — 205 18,226 11,318 29,544 2,156 9/19/2017 Fullerton Crossroads, CA 26,000 28,512 45,419 — 1,532 28,512 46,951 75,463 8,933 10/11/2017 Riverstone Marketplace, WA — 5,113 27,594 — 598 5,113 28,192 33,305 5,104 10/11/2017 North Lynnwood Shopping Center, WA — 4,955 10,335 21 5,368 4,976 15,703 20,679 3,291 10/19/2017 The Village at Nellie Gail Ranch, CA — 22,730 22,578 — 2,131 22,730 24,709 47,439 4,969 11/30/2017 Stadium Center, WA — 1,699 17,229 74 91 1,773 17,320 19,093 2,737 2/23/2018 King City Plaza, OR — 5,161 10,072 — 1,385 5,161 11,457 16,618 1,812 5/18/2018 Summerwalk Village, WA — 4,312 7,567 — 3,157 4,312 10,724 15,036 1,349 12/13/2019 Canyon Creek Plaza, CA — 13,067 13,455 — 50 13,067 13,505 26,572 1,348 9/1/2021 Palomar Village, CA — 9,642 26,925 — 1,325 9,642 28,250 37,892 2,341 10/12/2021 South Point Plaza, WA — 18,465 25,491 3 1,093 18,468 26,584 45,052 2,385 11/10/2021 Olympia West Center, WA — 5,714 18,378 — (67) 5,714 18,311 24,025 1,311 12/6/2021 Powell Valley Junction, OR — 6,335 15,685 — 1,629 6,335 17,314 23,649 930 4/1/2022 Olympia Square North, WA — 6,005 15,999 — (6) 6,005 15,993 21,998 893 4/1/2022 Village Oaks Shopping Center, CA — 10,757 19,626 — 455 10,757 20,081 30,838 1,085 5/17/2022 Thomas Lake Shopping Center, WA — 16,383 18,685 — (258) 16,383 18,427 34,810 927 8/19/2022 Ballinger Village, WA — 11,699 16,268 35 1,453 11,734 17,721 29,455 910 8/19/2022 Foothill Plaza, CA — 8,748 13,122 — — 8,748 13,122 21,870 28 12/1/2023 Total $ 60,045 $ 964,650 $ 2,159,706 $ 2,601 $ 340,941 $ 967,251 $ 2,500,647 $ 3,467,898 $ 654,543 a. RECONCILIATION OF REAL ESTATE – OWNED SUBJECT TO OPERATING LEASES (in thousands) Year Ended December 31, 2023 2022 2021 Balance at beginning of period: $ 3,411,093 $ 3,266,155 $ 3,156,552 Property improvements during the year 50,850 55,086 48,570 Properties acquired during the year 21,870 134,706 136,105 Properties sold during the year — (30,995) (61,491) Assets written off during the year (15,915) (13,859) (13,581) Balance at end of period: $ 3,467,898 $ 3,411,093 $ 3,266,155 b. RECONCILIATION OF ACCUMULATED DEPRECIATION (in thousands) Year Ended December 31, 2023 2022 2021 Balance at beginning of period: $ 578,593 $ 510,836 $ 460,165 Depreciation expenses 92,040 86,354 82,957 Properties sold during the year — (4,112) (18,476) Property assets fully depreciated and written off (16,090) (14,485) (13,810) Balance at end of period: $ 654,543 $ 578,593 $ 510,836 (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 $3.2 billion at December 31, 2023.

Schedule IV - Mortgage Loans on

Schedule IV - Mortgage Loans on Real Estate	12 Months Ended
	Dec. 31, 2023
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, 2023 (in thousands) a. RECONCILIATION OF MORTGAGE LOANS ON REAL ESTATE (in thousands) Year Ended December 31, 2023 2022 2021 Balance at beginning of period: $ 4,786 $ 4,875 $ 4,959 Repayments on mortgage note receivable (92) (89) (84) Balance at end of period: $ 4,694 $ 4,786 $ 4,875

Organization, Basis of Presen_2

Organization, Basis of Presentation and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
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 Financial Accounting Standards Board (“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, 2023, the statute of limitations for the tax years 2019 through and including 2022 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, 2023. Record Date Payable Date Total Distribution per Share Ordinary Income per Share Section 199A Dividends (1) 3/17/2023 4/7/2023 $0.1500 $0.1500 $0.1500 6/16/2023 7/7/2023 $0.1500 $0.1500 $0.1500 9/15/2023 10/6/2023 $0.1500 $0.1500 $0.1500 12/15/2023 1/5/2024 $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, 2023 and 2022, capitalized costs related to the improvement or replacement of real estate properties were approximately $50.9 million and $55.1 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 relative fair value (for acquisitions not meeting the definition of a business) and fair value (for acquisitions 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. Substantially all of the Company’s acquisitions are accounted for as asset acquisitions. 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 associated with the original lease term and option periods, if applicable, is amortized to Rental revenue over the terms of the respective leases including option periods. The value of in-place leases is amortized to Depreciation 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, 2023, 2022 or 2021. 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 and Collectability 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. The Company also enters into lease settlement agreements to resolve disputes with tenants who have defaulted. Lease settlement fee income is recognized in Other income during the period in which the settlement occurs. 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 quality financial institutions. The Company performs ongoing credit evaluations of its tenants and requires tenants to provide security deposits.
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, 2023, 2022 and 2021, 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 (as 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”). Accordingly, if such vesting criteria are not met, the Company accounts for forfeitures as they occur. 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 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. Amounts paid, or received, to cash settle interest rate derivatives prior to their maturity date are recorded in Accumulated other comprehensive income (“AOCI”) at the cash settlement amount, and are reclassified to Interest expense as interest expense is recognized on the hedged debt. 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	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, 2023
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, 2023. Record Date Payable Date Total Distribution per Share Ordinary Income per Share Section 199A Dividends (1) 3/17/2023 4/7/2023 $0.1500 $0.1500 $0.1500 6/16/2023 7/7/2023 $0.1500 $0.1500 $0.1500 9/15/2023 10/6/2023 $0.1500 $0.1500 $0.1500 12/15/2023 1/5/2024 $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, 2023 that will be charged to future operations are as follows (in thousands): Lease Origination Costs 2024 $ 3,956 2025 3,413 2026 2,807 2027 2,355 2028 1,994 Thereafter 7,762 Total $ 22,287
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, 2023 2022 2021 Numerator: Net income $ 36,654 $ 55,460 $ 57,360 Less income attributable to non-controlling interests (2,120) (3,591) (3,852) Less earnings allocated to participating securities (455) (378) (355) Net income available for common stockholders, basic $ 34,079 $ 51,491 $ 53,153 Numerator: Net income $ 36,654 $ 55,460 $ 57,360 Less earnings allocated to participating securities (455) (378) (355) Net income available for common stockholders, diluted $ 36,199 $ 55,082 $ 57,005 Denominator: Denominator for basic EPS – weighted average common equivalent shares 124,999,568 123,394,745 119,544,749 OP Units 7,717,199 8,566,343 8,650,485 Performance-based restricted stock awards and LTIP Units 148,163 323,027 250,585 Stock options — 820 8,079 Denominator for diluted EPS – weighted average common equivalent shares 132,864,930 132,284,935 128,453,898 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, 2023 2022 2021 Numerator: Net income $ 36,654 $ 55,460 $ 57,360 Less earnings allocated to participating securities (455) (378) (355) Net income available to unitholders, basic and diluted $ 36,199 $ 55,082 $ 57,005 Denominator: Denominator for basic earnings per unit – weighted average common equivalent units 132,716,767 131,961,088 128,195,234 Performance-based restricted stock awards and LTIP Units 148,163 323,027 250,585 Stock options — 820 8,079 Denominator for diluted earnings per unit – weighted average common equivalent units 132,864,930 132,284,935 128,453,898
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, 2023 2022 2021 Supplemental disclosure of cash activities: Cash paid on gross receipts and income for federal and state purposes $ 315 $ 386 $ 292 Interest paid $ 63,192 $ 56,642 $ 55,104 Other non-cash investing and financing activities: Increase in intangible lease liabilities $ — $ 30,981 $ 21,563 Increase in interest rate swap asset $ 592 $ — $ — Decrease in interest rate swap liability $ — $ (3,447) $ (6,064) Accrued real estate improvement costs $ 5,372 $ 3,670 $ 7,122 Equity redemption of OP Units $ 13,389 $ 5,071 $ 6,858 Dividends and distributions payable $ 21,011 $ 849 $ 24,219

Real Estate Investments (Tables

Real Estate Investments (Tables)	12 Months Ended
	Dec. 31, 2023
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, 2023 and December 31, 2022 (in thousands): December 31, 2023 December 31, 2022 Assets Land $ 8,748 $ 51,150 Building and improvements 13,122 86,263 Acquired lease intangible asset — 8,745 Deferred charges — 5,462 Assets acquired $ 21,870 $ 151,620 Liabilities Acquired lease intangible liability — 30,981 Liabilities assumed $ — $ 30,981
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, 2023, for the property asset acquired during the year ended December 31, 2023 (in thousands): Year Ended December 31, 2023 Statement of operations: Revenues $ 163 Net income attributable to Retail Opportunity Investments Corp. $ 93 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

Acquired Lease Intangibles (Tab

Acquired Lease Intangibles (Tables)	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Liabilities	Intangible assets and liabilities as of December 31, 2023 and December 31, 2022 consisted of the following (in thousands): December 31, 2023 2022 Assets: In-place leases $ 65,300 $ 70,133 Accumulated amortization (29,084) (27,405) Above-market leases 17,543 21,307 Accumulated amortization (10,968) (11,607) Acquired lease intangible assets, net $ 42,791 $ 52,428 Liabilities: Below-market leases $ 191,294 $ 205,421 Accumulated amortization (53,474) (53,304) Acquired lease intangible liabilities, net $ 137,820 $ 152,117
Schedule of Future Amortization of Acquired Lease Intangible Assets	The scheduled future amortization of acquired lease intangible assets as of December 31, 2023 is as follows (in thousands): Year Ending December 31: 2024 $ 5,550 2025 4,687 2026 3,802 2027 3,150 2028 2,864 Thereafter 22,738 Total future amortization of acquired lease intangible assets $ 42,791
Schedule of Future Amortization of Acquired Lease Intangible Liabilities	The scheduled future amortization of acquired lease intangible liabilities as of December 31, 2023 is as follows (in thousands): Year Ending December 31: 2024 $ 11,474 2025 10,893 2026 10,031 2027 9,347 2028 8,969 Thereafter 87,106 Total future amortization of acquired lease intangible liabilities $ 137,820

Tenant Leases (Tables)

Tenant Leases (Tables)	12 Months Ended
	Dec. 31, 2023
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, 2023 are summarized as follows (in thousands): Year Ending December 31: 2024 $ 223,572 2025 200,817 2026 172,190 2027 142,175 2028 109,621 Thereafter 370,075 Total minimum lease payments $ 1,218,450

Mortgage Notes Payable, Credi_2

Mortgage Notes Payable, Credit Facilities and Senior Notes (Tables)	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Schedule of Debt	The mortgage notes payable collateralized by respective properties and assignment of leases at December 31, 2023 and December 31, 2022, respectively, were as follows (in thousands, except interest rates): Maturity Date Interest Rate December 31, Property 2023 2022 Fullerton Crossroads April 2024 4.728 % 26,000 26,000 Diamond Hills Plaza October 2025 3.550 % 34,045 34,731 60,045 60,731 Unamortized mortgage premiums 72 288 Net unamortized deferred financing costs (65) (102) Total mortgage notes payable $ 60,052 $ 60,917 The key terms of the Operating Partnership’s Senior Notes are as follows: Senior Notes Aggregate Principal Amount (in thousands) Issue Date and Interest Accrual Date Maturity Date Contractual Interest Rate First Interest Payment Interest Payments Due Senior Notes Due 2028 $ 350,000 September 21, 2023 October 15, 2028 6.75 % April 15, 2024 April 15 and October 15 Senior Notes Due 2027 $ 250,000 December 15, 2017 December 15, 2027 4.19 % June 15, 2018 June 15 and December 15 Senior Notes Due 2026 $ 200,000 September 22, 2016 September 22, 2026 3.95 % March 22, 2017 March 22 and September 22 Senior Notes Due 2024 $ 250,000 December 3, 2014 December 15, 2024 4.00 % June 15, 2015 June 15 and December 15
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 2024 $ 26,000 $ 708 $ 72 $ 26,780 2025 32,787 550 — 33,337 Thereafter — — — — Total $ 58,787 $ 1,258 $ 72 $ 60,117 The combined aggregate principal maturities of the Operating Partnership’s unsecured senior notes payable during the next five years and thereafter are as follows (in thousands): Principal Repayments 2024 $ 250,000 2025 — 2026 200,000 2027 250,000 2028 350,000 Thereafter — Total $ 1,050,000
Schedule of Carrying Value of Debt	The carrying values of the Operating Partnership’s unsecured term loan (the “term loan”) were as follows (in thousands): December 31, 2023 2022 Term loan $ 200,000 $ 300,000 Net unamortized deferred financing costs (255) (747) Term loan $ 199,745 $ 299,253 The carrying value of the Operating Partnership’s Senior Notes are as follows (in thousands): December 31, 2023 2022 Principal amount $ 1,050,000 $ 950,000 Unamortized debt discount (2,033) (1,304) Net unamortized deferred financing costs (4,374) (1,847) Senior Notes $ 1,043,593 $ 946,849
Schedule of Unamortized Deferred Financing Costs	The unamortized balances of deferred financing costs and discounts associated with the term loan, Senior Notes Due 2028, Senior Notes Due 2027, Senior Notes Due 2026, Senior Notes Due 2024, 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 credit facility, included in Deferred charges, net in the consolidated balance sheets as of December 31, 2023 that will be charged to future operations during the next five years and thereafter are as follows (in thousands): Financing Costs 2024 $ 3,703 2025 2,873 2026 2,836 2027 1,479 2028 843 Thereafter — Total $ 11,734

Stock Compensation and Other _2

Stock Compensation and Other Benefit Plans for ROIC (Tables)	12 Months Ended
	Dec. 31, 2023
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, 2023, and changes during the year ended December 31, 2023 are presented below: Shares Weighted Average Non-vested as of December 31, 2022 1,310,598 $ 17.85 Vested (649,161) $ 17.22 Granted 505,953 $ 14.56 Forfeited (29,425) $ 14.43 Non-vested as of December 31, 2023 1,137,965 $ 16.74

Derivative and Hedging Activi_2

Derivative and Hedging Activities (Tables)	12 Months Ended
	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Interest Rate Derivatives	The following is a summary of the terms of the Company’s current interest rate swaps as of December 31, 2023 (in thousands): Swap Counterparty Notional Amount Effective Date Maturity Date Wells Fargo $ 100,000 3/31/2023 8/31/2024 U.S. Bank $ 50,000 3/31/2023 8/31/2024
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, 2023: Assets Derivative financial instruments $ — $ 592 $ — $ 592
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, 2023 and December 31, 2022, respectively (in thousands): Derivatives designed as hedging instruments Balance sheet location December 31, 2023 Fair Value December 31, 2022 Fair Value Interest rate products Other assets $ 592 $ —
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, 2023, 2022, and 2021, respectively (in thousands): Year Ended December 31, 2023 2022 2021 Amount of gain recognized in OCI on derivatives $ 1,582 $ 1,104 $ 216 Amount of (gain) loss reclassified from AOCI into interest $ (1,005) $ 2,286 $ 5,894

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2023
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, 2023 (in thousands): Operating Leases 2024 $ 1,364 2025 1,369 2026 1,389 2027 1,417 2028 1,446 Thereafter 27,596 Total undiscounted future minimum lease payments 34,581 Future minimum lease payments, discount (18,159) Lease liability $ 16,422

Organization, Basis of Presen_4

Organization, Basis of Presentation and Summary of Significant Accounting Policies - Narrative (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) segment	Dec. 31, 2022 USD ($)	Dec. 31, 2021 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%
Real estate improvements	$ 50,900,000	$ 55,100,000
Acquisition transaction costs	0	0	$ 0
Allowance for doubtful accounts receivable	$ 17,400,000	$ 15,700,000
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, 2023	Sep. 15, 2023	Jun. 16, 2023	Mar. 17, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Dividends Declared per Share of Common Stock
Dividends per share (in dollars per share)	$ 0.1500	$ 0.1500	$ 0.1500	$ 0.1500	$ 0.60	$ 0.56	$ 0.51
Ordinary Income per Share (in dollars per share)	0.1500	0.1500	0.1500	0.1500
Section 199A Dividends (in dollars per share)	$ 0.1500	$ 0.1500	$ 0.1500	$ 0.1500

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, 2023	Dec. 31, 2022
Organization, Basis of Presentation and Summary of Significant Accounting Policies (Details) - Unamortized Balances of Deferred Charges [Line Items]
Deferred charges, net	$ 27,294	$ 26,683
Lease Origination Costs
Organization, Basis of Presentation and Summary of Significant Accounting Policies (Details) - Unamortized Balances of Deferred Charges [Line Items]
2024	3,956
2025	3,413
2026	2,807
2027	2,355
2028	1,994
Thereafter	7,762
Deferred charges, net	$ 22,287

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, 2023	Dec. 31, 2022	Dec. 31, 2021
Numerator:
Net income	$ 36,654	$ 55,460	$ 57,360
Less income attributable to non-controlling interests	(2,120)	(3,591)	(3,852)
Less earnings allocated to unvested shares, basic	(455)	(378)	(355)
Net income available to common stockholders, basic	34,079	51,491	53,153
Less earnings allocated to unvested shares, diluted	(455)	(378)	(355)
Net income available to common stockholders, diluted	$ 36,199	$ 55,082	$ 57,005
Denominator:
Denominator for basic EPS – weighted average common equivalent shares (in shares)	124,999,568	123,394,745	119,544,749
Denominator for diluted EPS – weighted average common equivalent shares (in shares)	132,864,930	132,284,935	128,453,898
OP Units
Denominator:
OP Units (in shares)	7,717,199	8,566,343	8,650,485
Performance-based restricted stock awards and LTIP Units
Denominator:
Incremental common shares attributable to dilutive effect of share-based payment arrangements (in shares)	148,163	323,027	250,585
Stock options
Denominator:
Incremental common shares attributable to dilutive effect of share-based payment arrangements (in shares)	0	820	8,079
Retail Opportunity Investments Partnership L.P.
Numerator:
Net income	$ 36,654	$ 55,460	$ 57,360
Less earnings allocated to unvested shares, basic	(455)	(378)	(355)
Net income available to common stockholders, basic	36,199	55,082	57,005
Net income available to common stockholders, diluted	$ 36,199	$ 55,082	$ 57,005
Denominator:
Denominator for basic EPS – weighted average common equivalent shares (in shares)	132,716,767	131,961,088	128,195,234
Denominator for diluted EPS – weighted average common equivalent shares (in shares)	132,864,930	132,284,935	128,453,898
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)	148,163	323,027	250,585
Retail Opportunity Investments Partnership L.P. | Stock options
Denominator:
Incremental common shares attributable to dilutive effect of share-based payment arrangements (in shares)	0	820	8,079

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, 2023	Dec. 31, 2022	Dec. 31, 2021
Supplemental disclosure of cash activities:
Cash paid on gross receipts and income for federal and state purposes	$ 315	$ 386	$ 292
Interest paid	63,192	56,642	55,104
Other non-cash investing and financing activities:
Increase in intangible lease liabilities	0	30,981	21,563
Interest rate swap asset	592	0	0
Interest rate swap liabilities	0	(3,447)	(6,064)
Accrued real estate improvement costs	5,372	3,670	7,122
Equity Redemption of OP Units	13,389	5,071	6,858
Dividends and distributions payable	$ 21,011	$ 849	$ 24,219

Real Estate Investments - Narra

Real Estate Investments - Narrative (Details) ft² in Thousands, $ in Thousands		12 Months Ended
	Dec. 01, 2023 USD ($) ft²	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($) ft²	Dec. 31, 2021 USD ($)
Real Estate [Line Items]
Adjusted purchase price			$ 120,600
Area of property (sq ft) | ft²			502
Sales price of property sold			$ 36,200
Proceeds from sale of real estate		$ 0	34,435	$ 68,003
Gain on sale of real estate		$ 0	$ 7,653	$ 22,340
Foothill Plaza, CA | LaVerne, CA
Real Estate [Line Items]
Adjusted purchase price	$ 21,900
Area of property (sq ft) | ft²	65

Real Estate Investments - Purch

Real Estate Investments - Purchase Price Allocation of Properties Acquired (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Acquisitions in 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
Acquisitions 2023
Assets
Land	$ 8,748
Building and improvements	13,122
Acquired lease intangible asset	0
Deferred charges	0
Assets acquired	21,870
Liabilities
Acquired lease intangible liability	0
Liabilities assumed	$ 0

Real Estate Investments - Opera

Real Estate Investments - Operating Results Included For Property Assets Acquired (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Statement of operations:
Revenues	$ 163	$ 6,450
Net income attributable to Retail Opportunity Investments Corp.	$ 93	$ 2,261

Acquired Lease Intangibles - Na

Acquired Lease Intangibles - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of above and below market rent	$ 11,172	$ 11,947	$ 8,795
Amortization of acquired in place leases	$ 6,500	$ 5,900	$ 4,800

Acquired Lease Intangibles - In

Acquired Lease Intangibles - Intangible Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets:
Acquired lease intangible assets, net	$ 42,791	$ 52,428
Liabilities:
Below-market leases	191,294	205,421
Accumulated amortization	(53,474)	(53,304)
Acquired lease intangible liabilities, net	137,820	152,117
In-place leases
Assets:
Acquired lease intangible assets	65,300	70,133
Accumulated amortization	(29,084)	(27,405)
Above-market leases
Assets:
Acquired lease intangible assets	17,543	21,307
Accumulated amortization	$ (10,968)	$ (11,607)

Acquired Lease Intangibles - Fu

Acquired Lease Intangibles - Future Amortization of Acquired Lease Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Future amortization of acquired lease intangible assets
Acquired lease intangible assets, net	$ 42,791	$ 52,428
Acquired Lease Intangible Assets
Future amortization of acquired lease intangible assets
2024	5,550
2025	4,687
2026	3,802
2027	3,150
2028	2,864
Thereafter	22,738
Acquired lease intangible assets, net	$ 42,791

Acquired Lease Intangibles - _2

Acquired Lease Intangibles - Future Amortization of Acquired Lease Intangible Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Future amortization of acquired lease intangible liabilities
Acquired lease intangible liabilities, net	$ 137,820	$ 152,117
Acquired Lease Intangible Liabilities
Future amortization of acquired lease intangible liabilities
2024	11,474
2025	10,893
2026	10,031
2027	9,347
2028	8,969
Thereafter	87,106
Acquired lease intangible liabilities, net	$ 137,820

Tenant Leases (Details)

Tenant Leases (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Future minimum rents to be received under non-cancellable leases
2024	$ 223,572
2025	200,817
2026	172,190
2027	142,175
2028	109,621
Thereafter	370,075
Total minimum lease payments	$ 1,218,450

Mortgage Notes Payable, Credi_3

Mortgage Notes Payable, Credit Facilities and Senior Notes - Mortgage Notes Payable (Details) - Mortgage Notes Payable - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Long-term debt	$ 60,045	$ 60,731
Unamortized mortgage premiums	72	288
Net unamortized deferred financing costs	(65)	(102)
Total mortgage notes payable	$ 60,052	60,917
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	$ 34,045	$ 34,731

Mortgage Notes Payable, Credi_4

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, 2023	Dec. 31, 2022
Principal Repayments
2024	$ 26,000
2025	32,787
Thereafter	0
Total	58,787
Scheduled Amortization
2024	708
2025	550
Thereafter	0
Total	1,258
Mortgage Premium
2024	72
2025	0
Thereafter	0
Total	72	$ 288
Total
2024	26,780
2025	33,337
Thereafter	0
Total mortgage notes payable	$ 60,117

Mortgage Notes Payable, Credi_5

Mortgage Notes Payable, Credit Facilities and Senior Notes - Carrying Value of the Company’s Unsecured Debt (Details) - USD ($)	Dec. 31, 2023	Mar. 02, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Senior Notes	$ 1,043,593,000		$ 946,849,000
Term Loan Agreement
Debt Instrument [Line Items]
Principal amount	200,000,000	$ 300,000,000	300,000,000
Net unamortized deferred financing costs	(255,000)		(747,000)
Total	199,745,000		299,253,000
Senior Notes
Debt Instrument [Line Items]
Principal amount	1,050,000,000		950,000,000
Unamortized debt discount	(2,033,000)		(1,304,000)
Net unamortized deferred financing costs	(4,374,000)		(1,847,000)
Senior Notes	$ 1,043,593,000		$ 946,849,000

Mortgage Notes Payable, Credi_6

Mortgage Notes Payable, Credit Facilities and Senior Notes - Narrative (Details)			12 Months Ended
	Sep. 21, 2023 USD ($)	Mar. 02, 2023 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 20, 2019 credit_facility_extension	Nov. 10, 2017 USD ($)	Jul. 26, 2016 USD ($)	Dec. 03, 2014 USD ($)	Dec. 09, 2013 USD ($)
Debt Instrument [Line Items]
Repayments of Unsecured Debt			$ 100,000,000	$ 0	$ 0
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 (percentage)			0.125%
Credit facility			$ 75,000,000	88,000,000
Unamortized deferred financing costs			$ 5,000,000	1,000,000
Line of credit facility, interest rate during period (in percentage)			5.90%
Remaining borrowing capacity			$ 525,000,000
Revolving Credit Facility | Federal Funds Effective Swap Rate
Debt Instrument [Line Items]
Variable rate (percentage)		0.50%
Revolving Credit Facility | Adjusted Term SOFR
Debt Instrument [Line Items]
Variable rate (percentage)		1%
Letter of Credit
Debt Instrument [Line Items]
Letters of Credit Outstanding, Amount			150,000
Senior Notes
Debt Instrument [Line Items]
Principal amount			1,050,000,000	950,000,000
Unamortized deferred financing costs			4,374,000	1,847,000
Term Loan Agreement
Debt Instrument [Line Items]
Principal amount		$ 300,000,000	200,000,000	300,000,000
Additional borrowing capacity		$ 200,000,000
Variable rate (percentage)		1%
Unamortized deferred financing costs			$ 255,000	$ 747,000
Interest rate during period (in percentage)			6.10%
Swapped interest rate			5.40%
Remaining borrowing capacity			$ 0
Repayments of Unsecured Debt	$ 100,000,000
Term Loan Agreement | Federal Funds Effective Swap Rate
Debt Instrument [Line Items]
Variable rate (percentage)		0.50%
Term Loan Agreement | SOFR
Debt Instrument [Line Items]
Variable rate (percentage)		0.10%
Term Loan Agreement | Base Rate
Debt Instrument [Line Items]
Variable rate (percentage)		0%
Term Loan Agreement | Adjusted Term SOFR
Debt Instrument [Line Items]
Variable rate (percentage)		1%
Revolving Credit Facility
Debt Instrument [Line Items]
Variable rate (percentage)		0.85%
Revolving Credit Facility | SOFR
Debt Instrument [Line Items]
Variable rate (percentage)		0.10%
Revolving Credit Facility | Base Rate
Debt Instrument [Line Items]
Variable rate (percentage)		0%
Credit Facility including accordion feature | Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 1,200,000,000
Senior Notes Due 2028 | Senior Notes
Debt Instrument [Line Items]
Principal amount	$ 350,000,000
Interest rate (in percentage)	6.75%
Senior Notes Due 2023 | Senior Notes
Debt Instrument [Line Items]
Principal amount										$ 250,000,000
Two Swaps
Debt Instrument [Line Items]
Long-Term Debt, Gross			$ 150,000,000
Senior Notes Due 2027 | Senior Notes
Debt Instrument [Line Items]
Principal amount							$ 250,000,000
Interest rate (in percentage)							4.19%
Senior Notes Due 2026 | Senior Notes
Debt Instrument [Line Items]
Principal amount								$ 200,000,000
Interest rate (in percentage)								3.95%
Senior Notes Due 2024 | Senior Notes
Debt Instrument [Line Items]
Principal amount									$ 250,000,000
Interest rate (in percentage)									4%

Mortgage Notes Payable, Credi_7

Mortgage Notes Payable, Credit Facilities and Senior Notes - Senior Notes (Details) - Senior Notes - USD ($)	Dec. 31, 2023	Sep. 21, 2023	Dec. 31, 2022	Nov. 10, 2017	Jul. 26, 2016	Dec. 03, 2014
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 1,050,000,000		$ 950,000,000
Senior Notes Due 2028
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 350,000,000
Interest Rate (in percentage)		6.75%
Senior Notes Due 2027
Debt Instrument [Line Items]
Debt Instrument, Face Amount				$ 250,000,000
Interest Rate (in percentage)				4.19%
Senior Notes Due 2026
Debt Instrument [Line Items]
Debt Instrument, Face Amount					$ 200,000,000
Interest Rate (in percentage)					3.95%
Senior Notes Due 2024
Debt Instrument [Line Items]
Debt Instrument, Face Amount						$ 250,000,000
Interest Rate (in percentage)						4%

Mortgage Notes Payable, Credi_8

Mortgage Notes Payable, Credit Facilities and Senior Notes - Principal Repayments of Unsecured Senior Notes (Details) - Senior Notes - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
2024	$ 250,000,000
2025	0
2026	200,000,000
2027	250,000,000
2028	350,000,000
Thereafter	0
Total	$ 1,050,000,000	$ 950,000,000

Mortgage Notes Payable, Credi_9

Mortgage Notes Payable, Credit Facilities and Senior Notes - Amortization of Financing Costs (Details) - Total Debt $ in Thousands	Dec. 31, 2023 USD ($)
Debt Instrument [Line Items]
2024	$ 3,703
2025	2,873
2026	2,836
2027	1,479
2028	843
Thereafter	0
Deferred charges, net	$ 11,734

Preferred Stock of ROIC (Detail

Preferred Stock of ROIC (Details) - shares	Dec. 31, 2023	Dec. 31, 2022
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 ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Feb. 20, 2020	Jul. 31, 2013
Class of Stock [Line Items]
Common stock, par value (in usd per share)	$ 0.0001	$ 0.0001
Proceeds from issuance of common stock	$ 12,828,000	$ 25,199,000	$ 69,602,000
Stock issuance costs	$ 394,000	$ 976,000	$ 740,000
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)	904,290
Proceeds from issuance of common stock	$ 12,800,000
Stock issuance costs	$ 128,000

Stock Compensation and Other _3

Stock Compensation and Other Benefit Plans for ROIC - Narrative (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares	Dec. 31, 2021 USD ($)	Apr. 25, 2022 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense | $	$ 12,700	$ 11,900	$ 11,000
Employer discretionary contribution amount | $	$ 103	97	95
Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized | shares				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 | shares				5,002,143
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares) | shares	505,953
Granted (in dollars per share) | $ / shares	$ 14.56
Compensation cost not yet recognized | $	$ 7,600
Compensation cost not yet recognized, period for recognition (in years)	1 year 6 months
Vested in period, fair value | $	$ 9,700	$ 7,900	$ 5,500
Weighted average grant date fair value (in dollars per share) | $ / shares	$ 16.74	$ 17.85
Equity Awards Vested in Period | shares	649,161
Vested (in dollars per share) | $ / shares	$ 17.22
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]
Granted (in dollars per share) | $ / shares	$ 14.97
Compensation cost not yet recognized | $	$ 3,600
Compensation cost not yet recognized, period for recognition (in years)	2 years
LTIP Units | Vesting on January 1, 2026
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares) | shares	245,972
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, 2023 $ / shares shares
Shares
Beginning balance ( in shares) | shares	1,310,598
Vested (in shares) | shares	(649,161)
Granted (in shares) | shares	505,953
Forfeited (in shares) | shares	(29,425)
Ending balance (in shares) | shares	1,137,965
Weighted Average Grant Date Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 17.85
Vested (in dollars per share) | $ / shares	17.22
Granted (in dollars per share) | $ / shares	14.56
Forfeited (in dollars per share) | $ / shares	14.43
Ending balance (in dollars per share) | $ / shares	$ 16.74

Capital of the Operating Part_2

Capital of the Operating Partnership (Details) - USD ($) $ / shares in Units, $ in Millions		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Capital of Operating Partnership [Line Items]
Partnership units ( in shares)		134,341,202
Shares outstanding (in shares)		126,904,085	124,538,811
Notices of redemptions received (in shares)		1,010,000
Equity Redemption of OP Units (in shares)		1,010,000
Common Stock
Capital of Operating Partnership [Line Items]
Shares outstanding (in shares)		126,904,085	124,538,811	122,685,266	118,085,155
Equity Redemption of OP Units (in shares)		1,010,000	296,840	423,986
OP Units
Capital of Operating Partnership [Line Items]
Non-controlling interest redemption value		$ 104.3
Non-controlling interest redemption value (in usd per share)		$ 14.02
Retail Opportunity Investments Partnership L.P.
Capital of Operating Partnership [Line Items]
ROIC ownership percentage in ROIP LP		94.40%
Retail Opportunity Investments Partnership L.P. | Limited Partner’s Capital
Capital of Operating Partnership [Line Items]
Partnership units ( in shares)	[1]	7,437,117	8,447,117	8,542,097	8,966,083
Equity Redemption of OP Units (in shares)	[1]	(1,010,000)	(296,840)	(423,986)
[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, 2023 USD ($)
Weighted Average
Fair Value [Line Items]
Interest rate (in percentage)	7.50%
Significant Unobservable Inputs (Level 3)
Fair Value [Line Items]
Notes payable, fair value	$ 59.3
Senior Notes | Significant Unobservable Inputs (Level 3) | Senior Notes Due 2027
Fair Value [Line Items]
Long-term debt, fair value	230.1
Senior Notes | Significant Unobservable Inputs (Level 3) | Senior Notes Due 2026
Fair Value [Line Items]
Long-term debt, fair value	187.5
Senior Notes | Significant Other Observable Inputs (Level 2) | Senior Notes 2028
Fair Value [Line Items]
Long-term debt, fair value	368
Senior Notes | Significant Other Observable Inputs (Level 2) | Senior Notes Due 2024
Fair Value [Line Items]
Long-term debt, fair value	$ 246.5

Derivative and Hedging Activi_3

Derivative and Hedging Activities - Notional Amounts (Details) - Interest rate swap - Designated as hedging instrument $ in Millions	Dec. 31, 2023 USD ($)
Wells Fargo
Derivative [Line Items]
Notional amount	$ 100
U.S. Bank
Derivative [Line Items]
Notional amount	$ 50

Derivative and Hedging Activi_4

Derivative and Hedging Activities - Measured at Fair Value on Recurring Basis (Details) - Recurring - Interest rate swap $ in Thousands	Dec. 31, 2023 USD ($)
Derivative [Line Items]
Derivative asset	$ 592
Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1)
Derivative [Line Items]
Derivative asset	0
Significant Other Observable Inputs (Level 2)
Derivative [Line Items]
Derivative asset	592
Significant Unobservable Inputs (Level 3)
Derivative [Line Items]
Derivative asset	$ 0

Derivative and Hedging Activi_5

Derivative and Hedging Activities - Fair Value and Classification (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Derivative [Line Items]
In the next 12 months will be reclassified as a decrease to interest expense	$ 592,000
Interest rate swap | Recurring
Derivative [Line Items]
Derivative asset	592,000
Interest rate swap | Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1) | Recurring
Derivative [Line Items]
Derivative asset	0
Interest rate swap | Significant Other Observable Inputs (Level 2) | Recurring
Derivative [Line Items]
Derivative asset	592,000
Interest rate swap | Significant Unobservable Inputs (Level 3) | Recurring
Derivative [Line Items]
Derivative asset	0
Interest rate swap | Designated as hedging instrument | Other assets
Derivative [Line Items]
Derivative asset	$ 592,000	$ 0

Derivative and Hedging Activi_6

Derivative and Hedging Activities - Gain or Loss Recognized (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Amount of gain recognized in OCI on derivatives	$ 1,582	$ 1,104	$ 216
Amount of (gain) loss reclassified from AOCI into interest	$ (1,005)	$ 2,286	$ 5,894

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, 2023	Dec. 31, 2022	Dec. 31, 2021	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Lease liability		$ 16,422
Lease liability [Extensible Enumeration]		Other liabilities
Right-of-use asset		$ 14,700
Right-of-use asset [Extensible Enumeration]		Other assets
Operating lease, weighted average remaining lease term		35 years 2 months 12 days
Operating lease, weighted average discount rate		5.20%
Ground rent expense		$ 1,800	$ 1,700	$ 1,600
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, 2023 USD ($)
Undiscounted Future Minimum Annual Lease Payments
2024	$ 1,364
2025	1,369
2026	1,389
2027	1,417
2028	1,446
Thereafter	27,596
Total undiscounted future minimum lease payments	34,581
Future minimum lease payments, discount	(18,159)
Lease liability	$ 16,422

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Related Party | Lease agreements | Officer | General and Administrative Expense
Related Party Transaction [Line Items]
Related Party Transaction, Amounts of Transaction	$ 96	$ 95	$ 85

Subsequent Events (Details)

Subsequent Events (Details) - $ / shares						12 Months Ended
	Feb. 13, 2024	Dec. 15, 2023	Sep. 15, 2023	Jun. 16, 2023	Mar. 17, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Subsequent Event [Line Items]
Dividends per share (in dollars per share)		$ 0.1500	$ 0.1500	$ 0.1500	$ 0.1500	$ 0.60	$ 0.56	$ 0.51
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	Dec. 31, 2023 USD ($)
Schedule III - Real Estate and Accumulated Depreciation [Line Items]
Aggregate cost for Federal Income Tax Purposes for real estate	$ 3.2
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, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Real Estate Properties [Line Items]
Encumbrances	$ 60,045
Initial Cost to Company, Land	964,650
Initial Cost to Company, Buildings & Improvements	2,159,706
Cost Capitalized Subsequent to Acquisition, Land	2,601
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	340,941
Amount at Which Carried at Close of Period. Land	967,251
Amount at Which Carried at Close of Period, Buildings & Improvements	2,500,647
Total real estate investments	3,467,898	$ 3,411,093	$ 3,266,155	$ 3,156,552
Accumulated Depreciation	654,543
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	930
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	1,456
Amount at Which Carried at Close of Period. Land	7,277
Amount at Which Carried at Close of Period, Buildings & Improvements	11,730
Total real estate investments	19,007
Accumulated Depreciation	5,045
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	3,733
Amount at Which Carried at Close of Period. Land	7,895
Amount at Which Carried at Close of Period, Buildings & Improvements	13,623
Total real estate investments	21,518
Accumulated Depreciation	5,244
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	1,633
Amount at Which Carried at Close of Period. Land	1,881
Amount at Which Carried at Close of Period, Buildings & Improvements	6,428
Total real estate investments	8,309
Accumulated Depreciation	3,073
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	(321)
Amount at Which Carried at Close of Period. Land	3,087
Amount at Which Carried at Close of Period, Buildings & Improvements	12,076
Total real estate investments	15,163
Accumulated Depreciation	4,480
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	869
Amount at Which Carried at Close of Period. Land	6,359
Amount at Which Carried at Close of Period, Buildings & Improvements	7,796
Total real estate investments	14,155
Accumulated Depreciation	3,300
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	4,889
Amount at Which Carried at Close of Period. Land	11,678
Amount at Which Carried at Close of Period, Buildings & Improvements	31,900
Total real estate investments	43,578
Accumulated Depreciation	12,680
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	3,486
Amount at Which Carried at Close of Period. Land	8,853
Amount at Which Carried at Close of Period, Buildings & Improvements	11,218
Total real estate investments	20,071
Accumulated Depreciation	3,692
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	2,181
Amount at Which Carried at Close of Period. Land	6,595
Amount at Which Carried at Close of Period, Buildings & Improvements	19,580
Total real estate investments	26,175
Accumulated Depreciation	7,356
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	4,439
Amount at Which Carried at Close of Period. Land	6,158
Amount at Which Carried at Close of Period, Buildings & Improvements	5,458
Total real estate investments	11,616
Accumulated Depreciation	3,162
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	552
Amount at Which Carried at Close of Period. Land	3,747
Amount at Which Carried at Close of Period, Buildings & Improvements	12,136
Total real estate investments	15,883
Accumulated Depreciation	5,217
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	1,270
Amount at Which Carried at Close of Period. Land	5,917
Amount at Which Carried at Close of Period, Buildings & Improvements	28,568
Total real estate investments	34,485
Accumulated Depreciation	10,974
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	5,950
Amount at Which Carried at Close of Period. Land	3,714
Amount at Which Carried at Close of Period, Buildings & Improvements	14,277
Total real estate investments	17,991
Accumulated Depreciation	7,043
Halsey Crossing, OR
Real Estate Properties [Line Items]
Initial Cost to Company, Buildings & Improvements	7,773
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	7,985
Amount at Which Carried at Close of Period, Buildings & Improvements	15,758
Total real estate investments	15,758
Accumulated Depreciation	6,300
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	8,115
Amount at Which Carried at Close of Period. Land	13,429
Amount at Which Carried at Close of Period, Buildings & Improvements	30,366
Total real estate investments	43,795
Accumulated Depreciation	10,527
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	10,780
Amount at Which Carried at Close of Period. Land	14,288
Amount at Which Carried at Close of Period, Buildings & Improvements	47,345
Total real estate investments	61,633
Accumulated Depreciation	13,841
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	8,343
Amount at Which Carried at Close of Period. Land	8,960
Amount at Which Carried at Close of Period, Buildings & Improvements	27,104
Total real estate investments	36,064
Accumulated Depreciation	9,490
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	3,433
Amount at Which Carried at Close of Period. Land	8,640
Amount at Which Carried at Close of Period, Buildings & Improvements	17,281
Total real estate investments	25,921
Accumulated Depreciation	6,273
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	1,200
Amount at Which Carried at Close of Period. Land	6,487
Amount at Which Carried at Close of Period, Buildings & Improvements	18,541
Total real estate investments	25,028
Accumulated Depreciation	6,424
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	8,531
Amount at Which Carried at Close of Period. Land	9,352
Amount at Which Carried at Close of Period, Buildings & Improvements	24,447
Total real estate investments	33,799
Accumulated Depreciation	10,264
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	4,277
Amount at Which Carried at Close of Period. Land	5,334
Amount at Which Carried at Close of Period, Buildings & Improvements	24,971
Total real estate investments	30,305
Accumulated Depreciation	8,876
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	3,336
Amount at Which Carried at Close of Period. Land	5,693
Amount at Which Carried at Close of Period, Buildings & Improvements	24,202
Total real estate investments	29,895
Accumulated Depreciation	8,552
Hillsboro Market Center, OR
Real Estate Properties [Line Items]
Initial Cost to Company, Buildings & Improvements	17,553
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	4,589
Amount at Which Carried at Close of Period, Buildings & Improvements	22,142
Total real estate investments	22,142
Accumulated Depreciation	8,983
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	1,071
Amount at Which Carried at Close of Period. Land	6,242
Amount at Which Carried at Close of Period, Buildings & Improvements	24,533
Total real estate investments	30,775
Accumulated Depreciation	8,282
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	1,633
Amount at Which Carried at Close of Period. Land	8,815
Amount at Which Carried at Close of Period, Buildings & Improvements	8,430
Total real estate investments	17,245
Accumulated Depreciation	3,551
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	4,289
Amount at Which Carried at Close of Period. Land	5,098
Amount at Which Carried at Close of Period, Buildings & Improvements	21,453
Total real estate investments	26,551
Accumulated Depreciation	6,699
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	3,389
Amount at Which Carried at Close of Period. Land	5,329
Amount at Which Carried at Close of Period, Buildings & Improvements	7,801
Total real estate investments	13,130
Accumulated Depreciation	1,772
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	(80)
Amount at Which Carried at Close of Period. Land	5,859
Amount at Which Carried at Close of Period, Buildings & Improvements	8,678
Total real estate investments	14,537
Accumulated Depreciation	2,956
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	2,063
Amount at Which Carried at Close of Period. Land	4,181
Amount at Which Carried at Close of Period, Buildings & Improvements	17,457
Total real estate investments	21,638
Accumulated Depreciation	5,483
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	1,440
Amount at Which Carried at Close of Period. Land	5,529
Amount at Which Carried at Close of Period, Buildings & Improvements	16,297
Total real estate investments	21,826
Accumulated Depreciation	5,364
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	14,850
Amount at Which Carried at Close of Period. Land	14,965
Amount at Which Carried at Close of Period, Buildings & Improvements	32,012
Total real estate investments	46,977
Accumulated Depreciation	9,665
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	134
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	2,172
Amount at Which Carried at Close of Period. Land	15,614
Amount at Which Carried at Close of Period, Buildings & Improvements	13,991
Total real estate investments	29,605
Accumulated Depreciation	4,778
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	150
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	129
Amount at Which Carried at Close of Period. Land	16,392
Amount at Which Carried at Close of Period, Buildings & Improvements	13,754
Total real estate investments	30,146
Accumulated Depreciation	4,229
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	13,147
Amount at Which Carried at Close of Period. Land	16,506
Amount at Which Carried at Close of Period, Buildings & Improvements	23,674
Total real estate investments	40,180
Accumulated Depreciation	4,540
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, Land	3
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	4,534
Amount at Which Carried at Close of Period. Land	9,543
Amount at Which Carried at Close of Period, Buildings & Improvements	21,329
Total real estate investments	30,872
Accumulated Depreciation	8,683
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	873
Amount at Which Carried at Close of Period. Land	3,192
Amount at Which Carried at Close of Period, Buildings & Improvements	9,813
Total real estate investments	13,005
Accumulated Depreciation	3,396
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	2,288
Amount at Which Carried at Close of Period. Land	7,941
Amount at Which Carried at Close of Period, Buildings & Improvements	26,947
Total real estate investments	34,888
Accumulated Depreciation	10,038
Diamond Hills Plaza, CA
Real Estate Properties [Line Items]
Encumbrances	34,045
Initial Cost to Company, Land	15,458
Initial Cost to Company, Buildings & Improvements	29,353
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	4,309
Amount at Which Carried at Close of Period. Land	15,458
Amount at Which Carried at Close of Period, Buildings & Improvements	33,662
Total real estate investments	49,120
Accumulated Depreciation	9,684
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	6,771
Amount at Which Carried at Close of Period. Land	3,673
Amount at Which Carried at Close of Period, Buildings & Improvements	20,230
Total real estate investments	23,903
Accumulated Depreciation	4,260
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	513
Amount at Which Carried at Close of Period. Land	10,383
Amount at Which Carried at Close of Period, Buildings & Improvements	29,790
Total real estate investments	40,173
Accumulated Depreciation	8,906
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	780
Amount at Which Carried at Close of Period. Land	4,015
Amount at Which Carried at Close of Period, Buildings & Improvements	12,097
Total real estate investments	16,112
Accumulated Depreciation	3,744
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	7,433
Amount at Which Carried at Close of Period. Land	17,920
Amount at Which Carried at Close of Period, Buildings & Improvements	44,398
Total real estate investments	62,318
Accumulated Depreciation	12,785
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	44,835
Amount at Which Carried at Close of Period. Land	68,366
Amount at Which Carried at Close of Period, Buildings & Improvements	112,591
Total real estate investments	180,957
Accumulated Depreciation	32,303
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	1,470
Amount at Which Carried at Close of Period. Land	14,730
Amount at Which Carried at Close of Period, Buildings & Improvements	20,684
Total real estate investments	35,414
Accumulated Depreciation	6,044
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	1,285
Amount at Which Carried at Close of Period. Land	9,986
Amount at Which Carried at Close of Period, Buildings & Improvements	27,864
Total real estate investments	37,850
Accumulated Depreciation	8,314
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	1,424
Amount at Which Carried at Close of Period. Land	10,351
Amount at Which Carried at Close of Period, Buildings & Improvements	26,243
Total real estate investments	36,594
Accumulated Depreciation	7,714
Tigard Marketplace, OR
Real Estate Properties [Line Items]
Initial Cost to Company, Land	13,520
Initial Cost to Company, Buildings & Improvements	9,603
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	243
Amount at Which Carried at Close of Period. Land	13,520
Amount at Which Carried at Close of Period, Buildings & Improvements	9,846
Total real estate investments	23,366
Accumulated Depreciation	3,631
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	8,302
Amount at Which Carried at Close of Period. Land	14,807
Amount at Which Carried at Close of Period, Buildings & Improvements	37,778
Total real estate investments	52,585
Accumulated Depreciation	10,595
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	3,796
Amount at Which Carried at Close of Period. Land	13,593
Amount at Which Carried at Close of Period, Buildings & Improvements	21,529
Total real estate investments	35,122
Accumulated Depreciation	6,017
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	8,718
Amount at Which Carried at Close of Period. Land	21,315
Amount at Which Carried at Close of Period, Buildings & Improvements	194,915
Total real estate investments	216,230
Accumulated Depreciation	53,208
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	770
Amount at Which Carried at Close of Period. Land	7,063
Amount at Which Carried at Close of Period, Buildings & Improvements	20,464
Total real estate investments	27,527
Accumulated Depreciation	5,455
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	884
Amount at Which Carried at Close of Period. Land	4,010
Amount at Which Carried at Close of Period, Buildings & Improvements	11,935
Total real estate investments	15,945
Accumulated Depreciation	2,831
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	1,426
Amount at Which Carried at Close of Period. Land	10,334
Amount at Which Carried at Close of Period, Buildings & Improvements	28,527
Total real estate investments	38,861
Accumulated Depreciation	7,903
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	612
Amount at Which Carried at Close of Period. Land	8,527
Amount at Which Carried at Close of Period, Buildings & Improvements	38,676
Total real estate investments	47,203
Accumulated Depreciation	10,186
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	1,043
Amount at Which Carried at Close of Period. Land	9,825
Amount at Which Carried at Close of Period, Buildings & Improvements	27,678
Total real estate investments	37,503
Accumulated Depreciation	7,814
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	2,290
Amount at Which Carried at Close of Period. Land	10,018
Amount at Which Carried at Close of Period, Buildings & Improvements	12,052
Total real estate investments	22,070
Accumulated Depreciation	3,456
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	995
Amount at Which Carried at Close of Period. Land	6,886
Amount at Which Carried at Close of Period, Buildings & Improvements	25,553
Total real estate investments	32,439
Accumulated Depreciation	6,611
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	389
Amount at Which Carried at Close of Period. Land	9,844
Amount at Which Carried at Close of Period, Buildings & Improvements	11,232
Total real estate investments	21,076
Accumulated Depreciation	2,795
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	2,541
Amount at Which Carried at Close of Period. Land	4,428
Amount at Which Carried at Close of Period, Buildings & Improvements	15,865
Total real estate investments	20,293
Accumulated Depreciation	4,871
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	3,949
Amount at Which Carried at Close of Period. Land	16,275
Amount at Which Carried at Close of Period, Buildings & Improvements	32,257
Total real estate investments	48,532
Accumulated Depreciation	7,799
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	1,081
Amount at Which Carried at Close of Period. Land	9,009
Amount at Which Carried at Close of Period, Buildings & Improvements	23,615
Total real estate investments	32,624
Accumulated Depreciation	5,986
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	2,765
Amount at Which Carried at Close of Period. Land	8,198
Amount at Which Carried at Close of Period, Buildings & Improvements	42,419
Total real estate investments	50,617
Accumulated Depreciation	10,212
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	11,084
Amount at Which Carried at Close of Period. Land	10,488
Amount at Which Carried at Close of Period, Buildings & Improvements	50,203
Total real estate investments	60,691
Accumulated Depreciation	12,096
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	38
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	(6)
Amount at Which Carried at Close of Period. Land	9,964
Amount at Which Carried at Close of Period, Buildings & Improvements	31,409
Total real estate investments	41,373
Accumulated Depreciation	7,634
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	12,742
Amount at Which Carried at Close of Period. Land	16,104
Amount at Which Carried at Close of Period, Buildings & Improvements	72,930
Total real estate investments	89,034
Accumulated Depreciation	17,511
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	250
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	2,073
Amount at Which Carried at Close of Period. Land	12,751
Amount at Which Carried at Close of Period, Buildings & Improvements	29,113
Total real estate investments	41,864
Accumulated Depreciation	6,987
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	1,703
Amount at Which Carried at Close of Period. Land	10,734
Amount at Which Carried at Close of Period, Buildings & Improvements	23,743
Total real estate investments	34,477
Accumulated Depreciation	5,440
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	37
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	911
Amount at Which Carried at Close of Period. Land	10,077
Amount at Which Carried at Close of Period, Buildings & Improvements	49,273
Total real estate investments	59,350
Accumulated Depreciation	10,691
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	4,750
Amount at Which Carried at Close of Period. Land	31,522
Amount at Which Carried at Close of Period, Buildings & Improvements	100,666
Total real estate investments	132,188
Accumulated Depreciation	20,950
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	746
Amount at Which Carried at Close of Period. Land	1,073
Amount at Which Carried at Close of Period, Buildings & Improvements	11,355
Total real estate investments	12,428
Accumulated Depreciation	2,590
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	2,130
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	155
Amount at Which Carried at Close of Period. Land	9,726
Amount at Which Carried at Close of Period, Buildings & Improvements	18,454
Total real estate investments	28,180
Accumulated Depreciation	4,068
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	9,721
Amount at Which Carried at Close of Period. Land	11,534
Amount at Which Carried at Close of Period, Buildings & Improvements	30,421
Total real estate investments	41,955
Accumulated Depreciation	7,571
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	135
Amount at Which Carried at Close of Period. Land	5,579
Amount at Which Carried at Close of Period, Buildings & Improvements	4,050
Total real estate investments	9,629
Accumulated Depreciation	936
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	1,559
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	1,748
Amount at Which Carried at Close of Period. Land	18,378
Amount at Which Carried at Close of Period, Buildings & Improvements	38,851
Total real estate investments	57,229
Accumulated Depreciation	8,092
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	12,088
Amount at Which Carried at Close of Period. Land	5,595
Amount at Which Carried at Close of Period, Buildings & Improvements	36,541
Total real estate investments	42,136
Accumulated Depreciation	6,847
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	8,921
Amount at Which Carried at Close of Period. Land	6,912
Amount at Which Carried at Close of Period, Buildings & Improvements	35,019
Total real estate investments	41,931
Accumulated Depreciation	6,205
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	70
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	2,979
Amount at Which Carried at Close of Period. Land	10,581
Amount at Which Carried at Close of Period, Buildings & Improvements	40,804
Total real estate investments	51,385
Accumulated Depreciation	7,371
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	205
Amount at Which Carried at Close of Period. Land	18,226
Amount at Which Carried at Close of Period, Buildings & Improvements	11,318
Total real estate investments	29,544
Accumulated Depreciation	2,156
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	1,532
Amount at Which Carried at Close of Period. Land	28,512
Amount at Which Carried at Close of Period, Buildings & Improvements	46,951
Total real estate investments	75,463
Accumulated Depreciation	8,933
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	598
Amount at Which Carried at Close of Period. Land	5,113
Amount at Which Carried at Close of Period, Buildings & Improvements	28,192
Total real estate investments	33,305
Accumulated Depreciation	5,104
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	5,368
Amount at Which Carried at Close of Period. Land	4,976
Amount at Which Carried at Close of Period, Buildings & Improvements	15,703
Total real estate investments	20,679
Accumulated Depreciation	3,291
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	2,131
Amount at Which Carried at Close of Period. Land	22,730
Amount at Which Carried at Close of Period, Buildings & Improvements	24,709
Total real estate investments	47,439
Accumulated Depreciation	4,969
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	74
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	91
Amount at Which Carried at Close of Period. Land	1,773
Amount at Which Carried at Close of Period, Buildings & Improvements	17,320
Total real estate investments	19,093
Accumulated Depreciation	2,737
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	1,385
Amount at Which Carried at Close of Period. Land	5,161
Amount at Which Carried at Close of Period, Buildings & Improvements	11,457
Total real estate investments	16,618
Accumulated Depreciation	1,812
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	3,157
Amount at Which Carried at Close of Period. Land	4,312
Amount at Which Carried at Close of Period, Buildings & Improvements	10,724
Total real estate investments	15,036
Accumulated Depreciation	1,349
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	50
Amount at Which Carried at Close of Period. Land	13,067
Amount at Which Carried at Close of Period, Buildings & Improvements	13,505
Total real estate investments	26,572
Accumulated Depreciation	1,348
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	1,325
Amount at Which Carried at Close of Period. Land	9,642
Amount at Which Carried at Close of Period, Buildings & Improvements	28,250
Total real estate investments	37,892
Accumulated Depreciation	2,341
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	1,093
Amount at Which Carried at Close of Period. Land	18,468
Amount at Which Carried at Close of Period, Buildings & Improvements	26,584
Total real estate investments	45,052
Accumulated Depreciation	2,385
Olympia West Center, WA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	5,714
Initial Cost to Company, Buildings & Improvements	18,378
Cost Capitalized Subsequent to Acquisition, Land	0
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	(67)
Amount at Which Carried at Close of Period. Land	5,714
Amount at Which Carried at Close of Period, Buildings & Improvements	18,311
Total real estate investments	24,025
Accumulated Depreciation	1,311
Powell Valley Junction, OR
Real Estate Properties [Line Items]
Initial Cost to Company, Land	6,335
Initial Cost to Company, Buildings & Improvements	15,685
Cost Capitalized Subsequent to Acquisition, Land	0
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	1,629
Amount at Which Carried at Close of Period. Land	6,335
Amount at Which Carried at Close of Period, Buildings & Improvements	17,314
Total real estate investments	23,649
Accumulated Depreciation	930
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	(6)
Amount at Which Carried at Close of Period. Land	6,005
Amount at Which Carried at Close of Period, Buildings & Improvements	15,993
Total real estate investments	21,998
Accumulated Depreciation	893
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	455
Amount at Which Carried at Close of Period. Land	10,757
Amount at Which Carried at Close of Period, Buildings & Improvements	20,081
Total real estate investments	30,838
Accumulated Depreciation	1,085
Thomas Lake Shopping Center, WA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	16,383
Initial Cost to Company, Buildings & Improvements	18,685
Cost Capitalized Subsequent to Acquisition, Land	0
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	(258)
Amount at Which Carried at Close of Period. Land	16,383
Amount at Which Carried at Close of Period, Buildings & Improvements	18,427
Total real estate investments	34,810
Accumulated Depreciation	927
Ballinger Village, WA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	11,699
Initial Cost to Company, Buildings & Improvements	16,268
Cost Capitalized Subsequent to Acquisition, Land	35
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	1,453
Amount at Which Carried at Close of Period. Land	11,734
Amount at Which Carried at Close of Period, Buildings & Improvements	17,721
Total real estate investments	29,455
Accumulated Depreciation	910
Foothill Plaza, CA
Real Estate Properties [Line Items]
Initial Cost to Company, Land	8,748
Initial Cost to Company, Buildings & Improvements	13,122
Cost Capitalized Subsequent to Acquisition, Land	0
Cost Capitalized Subsequent to Acquisition, Buildings & Improvements	0
Amount at Which Carried at Close of Period. Land	8,748
Amount at Which Carried at Close of Period, Buildings & Improvements	13,122
Total real estate investments	21,870
Accumulated Depreciation	$ 28

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, 2023	Dec. 31, 2022	Dec. 31, 2021
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance	$ 3,411,093	$ 3,266,155	$ 3,156,552
Property improvements during the year	50,850	55,086	48,570
Properties acquired during the year	21,870	134,706	136,105
Properties sold during the year	0	(30,995)	(61,491)
Assets written off during the year	(15,915)	(13,859)	(13,581)
Balance	$ 3,467,898	$ 3,411,093	$ 3,266,155

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, 2023	Dec. 31, 2022	Dec. 31, 2021
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Balance	$ 578,593	$ 510,836	$ 460,165
Depreciation expenses	92,040	86,354	82,957
Properties sold during the year	0	(4,112)	(18,476)
Property assets fully depreciated and written off	(16,090)	(14,485)	(13,810)
Balance	$ 654,543	$ 578,593	$ 510,836

Schedule IV - Mortgage Loans _2

Schedule IV - Mortgage Loans on Real Estate (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]
Balance at beginning of period	$ 4,786	$ 4,875	$ 4,959
Repayments on mortgage note receivable	(92)	(89)	(84)
Balance at end of period	$ 4,694	$ 4,786	$ 4,875