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Real Estate for Everyday Retail®
$31.52 NYSE: WRI
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As Reported Financials

As Reported Financials

Document Name As Of Date Currency Code (in thousands) 2015 Y 10-K 12/31/2015 USD 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 Q3 YTD 10-Q 9/30/2019 USD
Document Name As Of Date Currency Code 2015 Y 10-K 12/31/2015 USD 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 Q3 YTD 10-Q 9/30/2019 USD

Revenues

Rentals, net 502,464 537,265 560,643 516,502 356,666
Other 10,380 12,290 12,520 14,645 10,494
Total Revenues 512,844 549,555 573,163 531,147 367,160

Operating Expenses

Depreciation and amortization 145,940 162,535 167,101 161,838 102,319
Operating 94,244 98,855 109,310 90,554 69,927
Real estate taxes, net 60,289 66,358 75,636 69,268 47,072
Impairment loss 153 98 15,257 10,120 74
General and administrative 27,524 26,607 28,052 25,040 26,893
Total Operating Expenses 328,150 354,453 395,356 356,820 246,285
Operating Income 184,694 NA NA NA NA

Other Income (Expense)

Interest expense, net (87,783) (83,003) (80,326) (63,348) (44,062)
Interest and other income, net 4,563 1,910 7,532 2,807 7,409
Gain on sale of property 59,621 100,714 218,611 207,865 143,963
Gain on sale and acquisition of real estate joint venture and partnership interests 879 48,322 0 0 NA
Total Other Income NA 67,943 145,817 147,324 107,310
Income Before Income Taxes and Equity in Earnings of Real Estate Joint Ventures and Partnerships NA 263,045 323,624 321,651 228,185
(Provision) Benefit for Income Taxes (52) (6,856) 17 (1,378) (682)
Equity in Earnings of Real Estate Joint Ventures and Partnerships, net 19,300 20,642 27,074 25,070 17,780
Income from Continuing Operations 121,601 NA NA NA NA
Net Income 181,222 276,831 350,715 345,343 245,283
Less - Net Income Attributable to Noncontrolling Interests (6,870) (37,898) (15,441) (17,742) (5,066)
Net Income Adjusted for Noncontrolling Interests 174,352 NA NA NA NA
Dividends on Preferred Shares (3,830) NA NA NA NA
Redemption Costs of Preferred Shares (9,687) NA NA NA NA
Net Income Attributable to Common Shareholders 160,835 238,933 335,274 327,601 240,217

Earnings Per Common Share - Basic

Net income attributable to common shareholders 1.31 1.90 2.62 2.57 1.88

Earnings Per Common Share - Diluted

Net income attributable to common shareholders 1.29 1.87 2.60 2.55 1.86

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Net Income 181,222 276,831 350,715 345,343 245,283
Cumulative effect adjustment of new accounting standards NA 0 0 (1,541) 0

Other Comprehensive Income (Loss)

Net unrealized gain on investments, net of taxes (99) 407 1,228 0 NA
Realized gain on investments 0 0 (651) 0 NA
Realized loss on derivatives 5,007 (2,084) 0 0 NA
Net unrealized gain on derivatives (3,061) (1,204) 1,063 1,379 0
Reclassification adjustment of derivatives and designated hedges into net income 2,798 1,531 (42) (4,302) (663)
Retirement liability adjustment 147 (167) 1,393 85 892
Total 4,792 (1,517) 2,991 (2,838) 229
Comprehensive Income 186,014 275,314 353,706 340,964 245,512
Comprehensive Income Attributable to Noncontrolling Interests (6,870) (37,898) (15,441) (17,742) (5,066)
Comprehensive Income Adjusted for Noncontrolling Interests 179,144 237,416 338,265 323,222 240,446
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.