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Real Estate for Everyday Retail®
$28.91 NYSE: WRI
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As Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 12/31/2017 USD 2016 Y 12/31/2018 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD
Source Document Currency Code 2015 Y 12/31/2017 USD 2016 Y 12/31/2018 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD

Revenues

Rentals, net 502,464 537,265 560,643 516,502
Other 10,380 12,290 12,520 14,645
Total Revenues 512,844 549,555 573,163 531,147

Operating Expenses

Depreciation and amortization 145,940 162,535 167,101 161,838
Operating 94,244 98,855 109,310 90,554
Real estate taxes, net 60,289 66,358 75,636 69,268
Impairment loss 153 98 15,257 10,120
General and administrative 27,524 26,607 28,052 25,040
Total Operating Expenses 328,150 354,453 395,356 356,820
Operating Income 184,694 NA NA NA

Other Income (Expense)

Interest expense, net (87,783) (83,003) (80,326) (63,348)
Interest and other income (expense) 4,563 1,910 7,532 2,807
Gain on sale of property 59,621 100,714 218,611 207,865
Gain on sale and acquisition of real estate joint venture and partnership interests 879 48,322 0 0
Total Other Income NA 67,943 145,817 147,324
Income Before Income Taxes and Equity in Earnings of Real Estate Joint Ventures and Partnerships NA 263,045 323,624 321,651
(Provision) Benefit for Income Taxes (52) (6,856) 17 (1,378)
Equity in Earnings of Real Estate Joint Ventures and Partnerships, net 19,300 20,642 27,074 25,070
Income from Continuing Operations 121,601 NA NA NA
Net Income 181,222 276,831 350,715 345,343
Less - Net Income Attributable to Noncontrolling Interests (6,870) (37,898) (15,441) (17,742)
Net Income Adjusted for Noncontrolling Interests 174,352 NA NA NA
Dividends on Preferred Shares (3,830) NA NA NA
Redemption Costs of Preferred Shares (9,687) NA NA NA
Net Income Attributable to Common Shareholders 160,835 238,933 335,274 327,601

Earnings Per Common Share - Basic

Net income attributable to common shareholders 1.31 1.90 2.62 2.57

Earnings Per Common Share - Diluted

Net income attributable to common shareholders 1.29 1.87 2.60 2.55

COMPREHENSIVE INCOME

Net Income 181,222 276,831 350,715 345,343
Cumulative effect adjustment of new accounting standards NA 0 0 (1,541)

Other Comprehensive (Loss) Income

Net unrealized gain on investments, net of taxes (99) 407 1,228 0
Realized gain on investments 0 0 (651) 0
Realized loss on derivatives 5,007 (2,084) 0 0
Net unrealized gain (loss) on derivatives (3,061) (1,204) 1,063 1,379
Reclassification adjustment of derivatives and designated hedges into net income 2,798 1,531 (42) (4,302)
Retirement liability adjustment 147 (167) 1,393 85
Total 4,792 (1,517) 2,991 (2,838)
Comprehensive Income 186,014 275,314 353,706 340,964
Comprehensive Income Attributable to Noncontrolling Interests (6,870) (37,898) (15,441) (17,742)
Comprehensive Income Adjusted for Noncontrolling Interests 179,144 237,416 338,265 323,222
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.