RETAIL PROPERTIES OF AMERICA, INC. RPAI Income Statement

Retail properties of america, inc. (RPAI)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues:
Lease income
118,695	120,817	119,717	118,449	122,703	119,354	119,137	119,164	124,842	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rental income
-	-	-	-	-	-	-	-	-	-	100,977	106,017	109,974	111,577	113,627	115,194	115,260	116,819	116,715	119,022	119,788	119,591	120,143	117,419	117,531	113,713	107,487	106,096	106,295	87,405	110,848	111,558	112,322	63,168	116,062	119,853	121,570	127,747	127,738
Tenant recovery income
-	-	-	-	-	-	-	-	-	-	28,024	29,524	30,786	29,429	29,130	29,654	30,356	29,919	28,901	29,416	31,300	29,633	29,230	27,108	29,748	28,148	26,636	23,856	23,322	22,029	26,043	24,622	27,826	19,459	27,703	24,727	27,937	29,809	28,555
Other property income
-	-	-	-	-	-	-	-	-	-	1,518	1,798	2,933	1,746	1,769	2,378	3,023	2,182	5,339	2,450	2,109	4,306	2,074	1,919	1,912	9,141	2,002	2,368	2,444	1,014	1,959	2,807	2,738	1,812	2,280	2,781	2,816	3,627	3,600
Insurance captive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	847	693
Total revenues
-	-	-	-	-	-	-	-	-	-	130,519	137,339	143,693	142,752	144,526	147,226	148,639	148,920	150,955	150,888	153,197	153,530	151,447	146,446	149,191	151,002	136,125	132,320	132,061	110,448	138,850	138,987	142,886	84,439	146,045	147,361	152,323	162,030	160,586
Expenses:
Operating expenses
16,414	17,493	16,088	17,129	17,686	17,650	17,596	19,384	20,255	22,116	19,572	21,004	21,864	22,457	20,285	20,092	23,061	23,191	22,741	23,153	25,695	24,492	23,638	22,142	26,526	23,613	21,215	21,656	22,583	20,372	22,770	22,945	24,429	17,979	23,077	24,065	28,444	24,973	25,716
Real estate taxes
18,533	17,727	18,583	18,534	18,403	17,477	18,037	17,701	20,468	17,526	21,863	21,487	21,879	20,808	19,937	21,090	19,939	20,853	20,961	20,486	20,510	20,718	20,574	19,067	18,414	18,574	18,987	16,819	16,811	12,250	19,078	18,764	19,140	12,198	19,273	20,123	18,868	23,440	22,216
Depreciation and amortization
40,173	40,964	67,460	42,882	43,267	43,870	43,169	43,710	45,228	46,598	51,469	52,325	53,474	60,828	56,763	53,443	53,396	51,361	52,871	55,798	54,676	52,384	54,691	55,061	53,830	61,259	50,847	59,596	51,008	47,240	53,052	54,085	54,281	29,312	57,286	58,742	59,127	60,713	61,088
Provision for impairment of investment properties
346	1,121	11,177	0	0	763	0	724	592	8,147	45,822	13,034	0	9,328	4,742	4,142	2,164	15,824	169	3,944	0	11,825	54,584	5,400	394	32,303	27,183	0	0	-	0	1,323	-	-	0	-	30,373	3,173	7,857
Loss on lease terminations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-221	-381	211	-	1,689	1,174	-3,686	16,332	-1,392	-3,355	-3,338	-4,465	-1,422
Insurance captive expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	911	898
General and administrative expenses
9,165	10,303	10,334	9,353	10,499	10,434	9,160	10,274	12,495	11,356	7,785	10,370	11,213	11,233	11,110	10,773	11,406	14,708	10,939	14,018	10,992	11,435	6,982	7,362	8,450	8,370	6,820	8,288	8,055	8,187	7,227	6,543	4,921	4,224	5,011	5,043	6,327	4,169	4,417
Total expenses
84,631	87,608	123,642	87,898	89,855	90,194	87,962	91,793	99,038	105,743	146,511	118,220	108,430	124,654	112,837	109,540	109,966	125,937	107,681	117,399	111,873	120,854	160,469	109,032	107,614	143,306	125,273	106,740	98,668	81,500	103,816	104,834	106,457	41,152	106,039	111,328	146,477	121,844	123,614
Other (expense) income:
Operating income (loss)
-	-	-	-	-	-	-	-	-	-	-15,992	19,119	35,263	-	31,689	37,686	38,673	22,983	43,274	33,489	41,324	32,676	-9,022	37,414	41,577	7,696	10,852	25,580	33,393	28,948	35,034	34,153	36,429	43,287	40,006	36,033	5,846	40,186	36,972
Dividend income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	578	522	676	670	681
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	157	170	180	188	173
Gain (Loss) on Extinguishment of Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	13,653	0	0	0	0	-	-	-	-	-	-	-	-	0	0	0	3,879	-84	991	3,715	10,723	-	-
Gain on Extinguishment of Other Liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	6,978	-	-	0	0	-	0	0	0	4,258	0	0	0	0	-	-	-	-	-	-	-	-	-	-
Equity in loss of unconsolidated joint ventures, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-645	-232	-433	-778	-510	126	-461	-401	-840	-1,863	-1,286	-2,318	-409	-1,869	-1,981	-2,178	875	724
Gain on change in control of investment properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	24,158	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Interest Expense
17,046	16,694	25,084	17,363	17,430	16,828	21,336	16,817	18,765	18,015	21,110	21,435	85,532	31,387	25,602	25,977	26,764	28,328	40,425	36,140	34,045	32,743	37,356	31,873	31,863	34,441	32,092	34,575	45,697	37,043	46,244	36,906	51,102	30,054	56,903	55,644	61,313	65,484	66,988
Gain (Loss) on Sale of Properties
0	-	-	-	8,449	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on litigation settlement
6,100	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) from continuing operations
-	-	-	-	-	-	-	-	-	-	-37,178	-1,865	-50,264	-	6,109	18,989	25,687	-5,043	3,328	-2,957	8,504	-636	-41,904	29,516	13,621	-3,726	-20,129	-7,371	-11,629	1,283	-2,918	5,942	-18,675	12,576	-18,264	-18,529	-47,275	-24,352	-30,393
Discontinued operations:
Loss, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-148	6,170	-20,278	22,928	576	-1,980	-23,440	564	793	-33,971	-378	1,709	1,139	-854	-9,719
Gain on sales of investment properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	655	34,644	1,705	21	4,909	13,623	8,756	6,847	915	5,831	14,517	702	3,459	-	2,005
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	507	40,814	-18,573	22,949	5,485	11,643	-14,684	7,411	1,708	-28,140	14,139	2,411	4,598	-854	-7,714
Gain on sales of investment properties
-	-	1,969	8,454	-	0	2,692	0	34,519	107,101	73,082	116,628	41,164	31,970	66,385	9,613	21,739	8,578	75,001	33,641	4,572	26,501	15,168	527	0	-1	1,150	393	4,264	1,191	1,650	4,323	679	1,735	-891	2,402	2,660	-	-
Co-venture obligation expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	397	2,903	1,792	1,791	1,792	1,792	1,791	1,792
Recognized gain on marketable securities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,108	7,265	-	-	0	277	-	-235	-
Other expense, net
-761	-343	-1,113	-472	-659	-188	303	328	222	-7	-76	451	5	-386	22	302	125	302	479	-306	1,225	76	4,706	250	427	595	985	2,085	1,076	751	1,047	3,113	-2,660	3,911	567	171	583	1,239	-163
Net income
22,357	16,172	-28,153	21,170	23,208	-	12,834	10,882	-	-	-	-	-	-	-	-	-	-	-	-	-	25,865	-26,736	30,043	14,128	37,087	-37,552	15,971	-1,880	14,117	-15,952	17,676	-16,288	-13,829	-5,016	-13,716	-40,017	-25,206	-38,107
Net income attributable to noncontrolling interests
0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	7	8	8	321	242
Net Income (Loss) Attributable to Parent
22,357	-	-28,153	-	23,208	-	12,834	-	41,780	109,924	35,904	114,763	-9,100	18,295	72,494	28,602	47,426	3,007	78,329	30,684	13,076	25,865	-26,736	30,043	14,128	37,087	-37,552	15,971	-1,880	14,117	-15,952	17,676	-16,288	-	-	-	-	-	-38,349
Preferred stock dividends
-	-	-	-	-	-	-	-	-	6,780	2,362	2,363	2,362	2,363	2,362	2,363	2,362	2,363	2,362	2,363	2,362	2,363	2,362	2,363	2,362	2,363	2,362	2,363	2,362	263	0	0	0	-	-	-	-	-	-
Net income attributable to common shareholders
-	-	-	21,170	-	-	-	10,882	41,780	103,144	33,542	112,400	-11,462	15,932	70,132	26,239	45,064	644	75,967	28,321	10,714	23,502	-29,098	27,680	11,766	34,724	-39,914	13,608	-4,242	13,854	-15,952	17,676	-16,288	-13,837	-5,023	-13,724	-40,025	-25,527	-
Earnings per common share – basic and diluted:
Continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.09	-0.12	0.12	0.05	-0.03	-0.09	-0.04	-0.04	0.02	-0.01	0.05	-0.09	0.07	-0.10	-0.08	-0.23	-0.05	-
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.00	0.18	-0.08	0.10	0.02	0.05	-0.06	0.03	0.01	-0.14	0.07	0.01	0.02	-	-
Net income per common share attributable to common shareholders
0.10	0.07	-0.13	0.10	0.11	0.05	0.06	0.05	0.19	-	-	0.48	-0.05	-	-	0.11	0.19	0.00	0.32	0.12	0.05	0.09	-0.12	0.12	0.05	0.15	-0.17	0.06	-0.02	0.07	-0.07	0.08	-0.08	-0.07	-0.03	-0.07	-0.21	-0.05	-
Net income
22,357	-	-28,153	-	23,208	-	12,834	-	41,780	109,924	35,904	114,763	-9,100	18,295	72,494	28,602	47,426	3,007	78,329	30,684	13,076	-	-26,736	30,043	14,128	37,087	-37,552	15,971	-1,880	14,117	-15,952	17,676	-16,288	-	-	-	-	-	-38,349
Earnings per common share basic
Continuing operations-basic (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.06
Discontinued operations-basic (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.02
Net income per common share attributable to common shareholders
-	-	-	-	-	-	-	-	-	-	0.15	-	-	-	0.30	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.08
Earnings per common share diluted
Continuing operations-diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.06
Discontinued operations-diluted (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.02
Net income per common share attributable to common shareholders
-	-	-	-	-	-	-	-	-	-	0.15	-	-	-	0.30	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.08
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
22,357	16,172	-28,153	21,170	23,208	-	12,834	10,882	-	-	-	-	-	-	-	-	-	-	-	-	-	25,865	-26,736	30,043	14,128	37,087	-37,552	15,971	-1,880	14,117	-15,952	17,676	-16,288	-13,829	-5,016	-13,716	-40,017	-25,206	-38,107
Other comprehensive (loss) income:
Other comprehensive loss:
Net unrealized loss on derivative instruments (Note 8)
-27,582	6,207	-7,152	-6,307	-3,514	-7,084	863	859	2,754	188	-323	-145	632	618	666	-510	33	295	155	97	-95	-34	390	-137	-18	120	-705	635	466	699	-981	253	137	240	-140	74	1,037	445	616
Net unrealized gain on marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-322	1,426	-1,342	4,986	357	-6,240	-166	2,563	1,688	-3,631
Reversal of unrealized gain to recognized gain on marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,108	7,265	-	-	0	-277	-	-235	-
Comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,414	5,027	-24,615	9,322	-11,165	-13,224	-11,396	-14,085	-36,425	-23,159	-41,364
Comprehensive income attributable to noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	7	8	8	321	242
Comprehensive (loss) income attributable to the Company
-5,225	22,379	-35,305	14,863	19,694	5,060	13,697	11,741	44,534	110,112	35,581	114,618	-8,468	18,913	73,160	28,092	47,459	3,302	78,484	30,781	12,981	25,831	-26,346	29,906	14,110	37,207	-38,257	16,606	-1,414	5,027	-24,615	9,322	-11,165	-13,248	-11,403	-14,093	-36,417	-22,838	-41,122
Weighted Average Number of Shares Outstanding, Basic
213,215	212,996	212,995	212,951	212,850	214,681	218,808	218,982	218,849	222,943	229,508	234,243	236,294	236,527	236,783	236,716	236,578	236,477	236,439	236,354	236,250	236,206	236,203	236,176	236,151	236,150	236,151	233,624	230,611	-	-	226,543	-	-	-	-	191,488	484,865	483,590
Weighted Average Number of Shares Outstanding, Diluted
213,215	213,484	212,995	213,090	213,223	215,090	219,021	219,410	219,403	222,492	230,104	234,818	236,294	237,114	237,108	236,902	236,680	236,366	236,553	236,356	236,253	236,213	236,203	236,179	236,153	236,150	236,151	233,624	230,611	-	-	226,543	-	-	-	-	191,488	484,865	483,590
Weighted average number of common shares outstanding - basic and diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	230,597	-	194,119	-	192,779	192,114	-	-	-