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Real Estate for Everyday Retail®
$12.77 NYSE: WRI
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As Reported Financials

As Reported Financials

Document Name As Of Date Currency Code (in thousands) 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-K 12/31/2018 USD 2019 Y 10-K 12/31/2019 USD
Document Name As Of Date Currency Code 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-K 12/31/2018 USD 2019 Y 10-K 12/31/2019 USD

Revenues

Rentals, net 537,265 563,183 517,836 472,446
Other 12,290 9,980 13,311 14,179
Total Revenues 549,555 573,163 531,147 486,625

Operating Expenses

Depreciation and amortization 162,535 167,101 161,838 135,674
Operating 98,855 109,310 90,554 94,620
Real estate taxes, net 66,358 75,636 69,268 60,813
Impairment loss 98 15,257 10,120 74
General and administrative 26,607 28,052 25,040 35,914
Total Operating Expenses 354,453 395,356 356,820 327,095

Other Income (Expense)

Interest expense, net (83,003) (80,326) (63,348) (57,601)
Interest and other income, net 1,910 7,532 2,807 11,003
Gain on sale of property 100,714 218,611 207,865 189,914
Gain on sale and acquisition of real estate joint venture and partnership interests 48,322 NA NA NA
Total Other Income 67,943 145,817 147,324 143,316
Income Before Income Taxes and Equity in Earnings of Real Estate Joint Ventures and Partnerships 263,045 323,624 321,651 302,846
(Provision) Benefit for Income Taxes (6,856) 17 (1,378) (1,040)
Equity in Earnings of Real Estate Joint Ventures and Partnerships, net 20,642 27,074 25,070 20,769
Net Income 276,831 350,715 345,343 322,575
Less - Net Income Attributable to Noncontrolling Interests (37,898) (15,441) (17,742) (7,140)
Net Income Attributable to Common Shareholders 238,933 335,274 327,601 315,435

Earnings Per Common Share - Basic

Net income attributable to common shareholders 1.90 2.62 2.57 2.47

Earnings Per Common Share - Diluted

Net income attributable to common shareholders 1.87 2.60 2.55 2.44

Comprehensive Income

Net Income 276,831 350,715 345,343 322,575
Cumulative effect adjustment of new accounting standards 0 0 (1,541) 0

Other Comprehensive (Loss) Income

Net unrealized gain on investments, net of taxes 407 1,228 0 0
Realized gain on investments 0 (651) 0 0
Realized loss on derivatives (2,084) NA NA NA
Net unrealized gain on derivatives (1,204) 1,063 1,379 0
Reclassification adjustment of derivatives and designated hedges into net income 1,531 (42) (4,302) (887)
Retirement liability adjustment (167) 1,393 85 153
Total (1,517) 2,991 (2,838) (734)
Comprehensive Income 275,314 353,706 340,964 321,841
Comprehensive Income Attributable to Noncontrolling Interests (37,898) (15,441) (17,742) (7,140)
Comprehensive Income Adjusted for Noncontrolling Interests 237,416 338,265 323,222 314,701
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.