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Real Estate for Everyday Retail®
$30.74 NYSE: WRI
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As Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD 2018 Q2 YTD 6/30/2018 USD
Source Document Currency Code 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD 2018 Q2 YTD 6/30/2018 USD

Revenues

Rentals, net 503,128 502,464 537,265 560,643 267,249
Other 11,278 10,380 12,290 12,520 7,289
Total 514,406 512,844 549,555 573,163 274,538

Expenses

Depreciation and amortization 150,356 145,940 162,535 167,101 88,516
Operating 95,318 94,244 98,855 109,310 47,374
Real estate taxes, net 60,768 60,289 66,358 75,636 35,105
Impairment loss 1,024 153 98 15,257 0
General and administrative 24,902 27,524 27,266 28,435 11,744
Total 332,368 328,150 355,112 395,739 182,739
Operating Income 182,038 184,694 194,443 177,424 91,799
Interest Expense, net (94,725) (87,783) (83,003) (80,326) (31,689)
Interest and Other Income (Expense) 3,756 4,563 2,569 7,915 2,888
Gain on Sale and Acquisition of Real Estate Joint Venture and Partnership Interests 1,718 879 48,322 0 NA
(Provision) Benefit for Income Taxes 1,261 (52) (6,856) 17 (1,467)
Equity in Earnings of Real Estate Joint Ventures and Partnerships, net 22,317 19,300 20,642 27,074 11,311
Income from Continuing Operations 116,365 121,601 176,117 132,104 72,842
Operating Income from Discontinued Operations 342 NA NA NA NA
Gain on Sale of Property from Discontinued Operations 44,582 NA NA NA NA
Income from Discontinued Operations 44,924 NA NA NA NA
Gain on Sale of Property 146,290 59,621 100,714 218,611 155,998
Net Income 307,579 181,222 276,831 350,715 228,840
Less - Net Income Attributable to Noncontrolling Interests (19,571) (6,870) (37,898) (15,441) (3,727)
Net Income Adjusted for Noncontrolling Interests 288,008 174,352 238,933 335,274 NA
Dividends on Preferred Shares (10,840) (3,830) 0 0 NA
Redemption Costs of Preferred Shares 0 (9,687) 0 0 NA
Net Income Attributable to Common Shareholders 277,168 160,835 238,933 335,274 225,113

Earnings Per Common Share - Basic

Income from continuing operations attributable to common shareholders 1.91 NA NA NA NA
Income from discontinued operations 0.37 NA NA NA NA
Net income attributable to common shareholders 2.28 1.31 1.90 2.62 1.76

Earnings Per Common Share - Diluted

Income from continuing operations attributable to common shareholders 1.89 NA NA NA NA
Income from discontinued operations 0.36 NA NA NA NA
Net income attributable to common shareholders 2.25 1.29 1.87 2.60 1.74

COMPREHENSIVE INCOME

Net Income 307,579 181,222 276,831 350,715 228,840
Cumulative effect adjustment of new accounting standards NA NA NA NA (1,541)

Other Comprehensive Income (Loss)

Net unrealized gain on investments, net of taxes 354 (99) 407 1,228 0
Realized gain on investments (38) 0 0 (651) NA
Realized (loss) gain on derivatives 0 5,007 (2,084) 0 NA
Net unrealized (loss) gain on derivatives 131 (3,061) (1,204) 1,063 1,379
Reclassification adjustment of derivatives and designated hedges into net income 2,052 2,798 1,531 (42) (3,854)
Retirement liability adjustment (10,733) 147 (167) 1,393 578
Total (8,234) 4,792 (1,517) 2,991 (1,897)
Comprehensive Income 299,345 186,014 275,314 353,706 225,402
Comprehensive Income Attributable to Noncontrolling Interests (19,571) (6,870) (37,898) (15,441) (3,727)
Comprehensive Income Adjusted for Noncontrolling Interests 279,774 179,144 237,416 338,265 221,675
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