Retail properties of america, inc. (RPAI)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Revenues:
Lease income

481,686

482,497

538,139

-

-

-

-

-

-

-

-

Rental income

-

-

-

455,658

472,344

474,684

433,591

422,133

420,653

466,070

491,423

Tenant recovery income

-

-

-

118,569

119,536

115,719

101,962

100,520

99,826

111,329

118,332

Other property income

-

-

-

8,916

12,080

10,211

15,955

8,518

9,689

15,172

15,747

Insurance captive income

-

-

-

-

-

-

-

-

-

2,996

2,261

Total revenues

-

-

-

583,143

603,960

600,614

551,508

531,171

530,168

595,567

627,763

Expenses:
Operating expenses

68,396

74,885

84,556

85,895

94,780

96,798

89,067

90,516

93,565

101,113

117,661

Real estate taxes

73,247

73,683

82,755

81,774

82,810

78,773

71,191

69,232

70,462

80,829

89,300

Depreciation and amortization

194,573

175,977

203,866

224,430

214,706

215,966

222,710

208,658

204,467

223,485

235,662

Provision for impairment of investment properties

12,298

2,079

67,003

20,376

19,937

72,203

59,486

1,323

7,650

11,030

19,800

Loss on lease terminations

-

-

-

-

-

-

-

-

8,247

-13,125

-13,565

Insurance captive expenses

-

-

-

-

-

-

-

-

-

3,392

3,655

General and administrative expenses

40,489

42,363

40,724

44,522

50,657

34,229

31,533

26,878

20,605

18,119

21,191

Total expenses

389,003

368,987

478,904

456,997

462,890

497,969

473,987

396,607

404,996

451,093

500,834

Other (expense) income:
Operating income (loss)

-

-

-

-

141,070

102,645

77,521

134,564

125,172

144,474

126,929

Dividend income

-

-

-

-

-

-

-

-

-

3,472

10,132

Interest income

-

-

-

-

-

-

-

-

-

740

1,483

Gain (Loss) on Extinguishment of Debt

-

-

-

13,653

0

0

-

3,879

15,345

0

0

Gain on Extinguishment of Other Liabilities

-

-

-

6,978

0

4,258

0

0

-

-

-

Equity in loss of unconsolidated joint ventures, net

-

-

-

-

-

-2,088

-1,246

-6,307

-6,437

2,025

-11,299

Gain on sale of joint venture interest

-

-

-

-

-

-

17,499

0

0

-

-

Gain on change in control of investment properties

-

-

-

-

-

24,158

5,435

0

0

-

-

Interest Expense

76,571

73,746

146,092

109,730

138,938

133,835

146,805

171,295

203,914

239,469

220,199

Income (loss) from continuing operations

-

-

-

-

3,832

597

-42,855

-14,368

-71,492

-96,288

-99,215

Discontinued operations:
Loss, net

-

-

-

-

-

-148

9,396

-24,063

-31,501

-22,225

-42,577

Gain on sales of investment properties

-

-

-

-

-

655

41,279

30,141

24,509

23,806

26,383

Income from discontinued operations

-

-

-

-

-

507

50,675

6,078

-6,992

1,581

-16,194

Gain on sales of investment properties

18,872

37,211

337,975

129,707

121,792

42,196

5,806

7,843

5,906

0

0

Co-venture obligation expense

-

-

-

-

-

-

-

3,300

7,167

7,167

597

Recognized gain on marketable securities, net

-

-

-

-

-

-

-

25,840

277

4,007

18,039

Impairment of notes receivable

-

-

-

-

-

-

-

-

-

-

17,322

Gain on interest rate locks

-

-

-

-

-

-

-

-

-

-

3,989

Other expense, net

-2,587

665

373

63

1,700

5,459

4,741

2,251

5,232

-4,370

-10,370

Net income

32,397

77,640

251,491

-

125,624

43,300

13,626

-447

-72,578

-94,707

-115,409

Net income attributable to noncontrolling interests

0

0

0

-

528

0

0

-

31

1,136

-3,074

Net Income (Loss) Attributable to Parent

32,397

77,640

251,491

166,817

125,096

43,300

13,626

-447

-72,609

-95,843

-

Preferred stock dividends

0

0

13,867

9,450

9,450

9,450

9,450

263

0

0

-

Net income attributable to common shareholders

32,397

77,640

237,624

157,367

115,646

33,850

4,176

-710

-72,609

-95,843

-112,335

Earnings per common share – basic and diluted:
Continuing operations

-

-

-

-

-

0.14

-0.20

-0.03

-0.34

-0.50

-0.50

Discontinued operations

-

-

-

-

-

0.00

0.22

0.03

-0.04

0.00

-0.08

Net income per common share attributable to common shareholders

0.15

0.35

1.03

0.66

0.49

0.14

0.02

0.00

-0.38

-0.50

-0.58

Net income

32,397

77,640

251,491

166,817

125,096

-

13,626

-447

-72,609

-95,843

-

Earnings per common share diluted
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

32,397

77,640

251,491

-

125,624

43,300

13,626

-447

-72,578

-94,707

-115,409

Other comprehensive (loss) income:
Other comprehensive loss:
Net unrealized loss on derivative instruments (Note 8)

-10,766

-2,608

352

807

452

201

516

108

1,211

1,247

1,696

Net unrealized gain on marketable securities

-

-

-

-

-

-

-

4,748

-3,486

13,742

35,594

Reversal of unrealized gain to recognized gain on marketable securities

-

-

-

-

-

-

-

25,840

277

-4,007

18,039

Comprehensive income

-

-

-

-

126,076

43,501

14,142

-21,431

-75,130

-83,725

-93,084

Comprehensive income attributable to noncontrolling interest

-

-

-

-

528

0

0

-

31

1,136

-3,074

Comprehensive (loss) income attributable to the Company

21,631

75,032

251,843

167,624

125,548

43,501

14,142

-21,431

-75,161

-84,861

-96,158

Weighted Average Number of Shares Outstanding, Basic

212,948

217,830

230,747

236,651

236,380

236,184

234,134

220,464

-

-

192,124

Weighted Average Number of Shares Outstanding, Diluted

213,198

218,231

230,927

236,951

236,382

236,187

234,134

220,464

-

-

192,124

Weighted average number of common shares outstanding - basic and diluted

-

-

-

-

-

-

-

-

192,456

193,497

-