Skip to content
Real Estate for Everyday Retail®
$16.9 NYSE: WRI
Financial Information
Other Information
Excel download Email page PDF view Print view RSS Feeds Email Alert Social Media Sharing

Financial Highlights

Financial Highlights
2020 FQ2 YTD
6/30/2020
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
Balance Sheet ($000)
Gross Depreciable Property 3,994,193 3,854,139 3,847,191 4,300,096 4,596,757
Net Property Investment 2,837,889 2,743,464 2,739,003 3,133,970 3,412,211
Property Held for Sale: Nondepreciable 24,421 0 0 54,792 479
Construction in Progress 210,499 294,194 212,204 129,558 109,435
Mortgage Loans 21,451 22,104 24,995 27,063 28,784
Senior Secured Debt 257,747 259,772 315,354 392,690 422,129
Obligations Under Leases 64,683 64,867 21,898 21,000 21,000
Senior Unsecured Debt 1,463,697 1,450,762 1,457,432 1,667,462 1,913,399
Total Debt 1,786,127 1,775,401 1,794,684 2,081,152 2,356,528
Total Liabilities 2,051,477 2,061,774 2,076,262 2,386,797 2,665,274
Equity Attributable to Parent Company 1,675,696 1,698,315 1,573,906 1,632,728 1,535,178
Noncontrolling Interests 180,036 177,845 176,793 177,114 181,718
Total Equity 1,855,732 1,876,160 1,750,699 1,809,842 1,716,896
Market Capitalization($M) 2,425 4,020.70 3,183.90 4,222.10 4,583.70
Implied Market Cap($M) 2,452.10 4,065.40 3,219.50 4,269.10 4,636
Total Capitalization($M) 4,418.30 6,018.60 5,190.90 6,527.40 7,219
Total Enterprise Value($M) 4,404.10 5,977.20 5,125.10 6,514.20 7,202.80
Total Enterprise Value Plus JV Debt($M) 4,490.20 6,064 5,214.30 6,622.20 7,312.80
Income Statement ($000)
Rental Revenue 203,863 472,446 517,836 563,183 540,141
Rental Net Operating Income 129,984 317,013 358,014 379,110 376,710
NOI 129,984 317,013 358,014 379,110 376,710
Gain on Sale of Real Estate 44,890 191,294 214,165 224,798 106,574
Interest Expense 30,378 57,601 67,107 80,326 85,040
Revenue 216,061 517,017 552,724 602,531 615,228
Expense 193,811 384,696 420,168 476,631 438,115
Extraordinary Items 0 0 0 0 0
Net Income 66,625 322,575 345,343 350,715 276,831
Net Income Attributable to Noncontrolling Int 2,635 7,140 17,742 15,441 37,898
Net Income Attributable to Parent 63,990 315,435 327,601 335,274 238,933
Net Income Avail to Common 63,990 315,435 327,601 335,274 238,933
FFO 100,797 273,720 307,934 311,601 293,652
Operating Funds from Operations, as Reported 101,137 273,730 292,515 318,446 300,894
Modified FFO NA NA NA NA NA
Financial Analysis
ROAA(%) 3.21 8.31 8.56 8.10 6.67
ROAE(%) 7.14 17.87 18.34 19.88 16.73
Implied Capitalization Rate(%) 7.19 7.02 7.52 6.75 5.97
Dividend Payout Ratio(%) 115 64.75 116.86 88.08 78.07
Dividend Yield(%) 3.80 5.06 6.37 4.69 4.08
FFO Payout(%) 73.72 75.24 65.83 64.17 64.04
FFO/ Total Revenue(%) 46.65 52.94 55.71 51.72 47.73
Price/ LTM FFO(x) 10.29 14.88 10.34 13.70 15.70
Price/ Last-twelve-months EPS(x) 9.96 12.80 9.73 12.64 19.14
Recurring EBITDA/ Interest Expense(x) 4.17 5.64 5.48 4.84 4.41
Recurring EBITDA/ Interest Expense + Pref. Div.(x) 4.17 5.64 5.48 4.84 4.41
Debt and Preferred/ TEV(%) 41.70 30.71 36.13 33.06 33.73
Total Debt/ Gross Properties(%) 44.72 46.06 46.65 48.40 51.27
Loans/ Assets(%) 0.55 0.56 0.65 0.64 0.65
Credit Lines Drawn/ Available(%) 2.35 0 0.98 0 48.04
Changes and Trends (%)
Same-store NOI: Change (9.80) 2 2.10 2.20 2.70
FFO Growth (25.86) (11.11) (1.18) 6.11 12.93
FFO/Share Growth (25.70) (12.50) 0 5.30 10.10
EPS Growth, before Extraordinary (51.50) (4.30) (1.90) 39 45
Real Estate Investment Growth 0.49 4.52 (9.56) (4.86) 11.86
Per Share Information ($)
Common Shares Outstanding 128,103,000 128,702,000 128,333,000 128,447,000 128,072,000
Closing Price 18.93 31.24 24.81 32.87 35.79
Basic EPS before Extra 0.50 2.47 2.57 2.62 1.90
Diluted EPS before Extra 0.50 2.44 2.55 2.60 1.87
FFO/ Share 0.78 2.10 2.40 2.40 2.28
Operating FFO per Share, as Reported 0.78 2.10 2.28 2.45 2.34
Modified FFO per Share NA NA NA NA NA
Common Dividends Declared per Share 0.58 1.58 2.98 2.29 1.46
NAV per Share, as Reported NA NA NA NA NA
Principal Payments Schedule ($000)
Debt Due this Fiscal Year 2,853 22,743 73,004 115,110 88,385
Debt Due during Next Fiscal Year 18,795 18,434 10,296 57,937 82,110
Debt Due during Second Fiscal Year 308,298 307,922 18,434 239,479 57,936
Debt Due during Third Fiscal Year 348,207 347,815 307,922 19,375 484,479
Debt Due during Fourth Fiscal Year 264,561 252,153 347,815 309,331 19,375
Debt Due Thereafter 728,163 711,980 964,133 1,296,279 1,580,613
Adjustments to Debt Principal Schedule (6,813) (7,893) (4,718) (20,504) (23,495)
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.