RETAIL PROPERTIES OF AMERICA, INC. RPAI Income Statement

Retail properties of america, inc. (RPAI)

Income statement / TTM

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
477,678	481,686	480,223	479,643	480,358	482,497	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rental income
-	-	-	-	-	-	-	-	-	-	428,545	441,195	450,372	455,658	460,900	463,988	467,816	472,344	475,116	478,544	476,941	474,684	468,806	456,150	444,827	433,591	407,283	410,644	416,106	422,133	397,896	403,110	411,405	420,653	485,232	496,908	0	0	0
Tenant recovery income
-	-	-	-	-	-	-	-	-	-	117,763	118,869	118,999	118,569	119,059	118,830	118,592	119,536	119,250	119,579	117,271	115,719	114,234	111,640	108,388	101,962	95,843	95,250	96,016	100,520	97,950	99,610	99,715	99,826	110,176	111,028	0	0	0
Other property income
-	-	-	-	-	-	-	-	-	-	7,995	8,246	8,826	8,916	9,352	12,922	12,994	12,080	14,204	10,939	10,408	10,211	15,046	14,974	15,423	15,955	7,828	7,785	8,224	8,518	9,316	9,637	9,611	9,689	11,504	12,824	0	0	0
Insurance captive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Total revenues
-	-	-	-	-	-	-	-	-	-	554,303	568,310	578,197	583,143	589,311	595,740	599,402	603,960	608,570	609,062	604,620	600,614	598,086	582,764	568,638	551,508	510,954	513,679	520,346	531,171	505,162	512,357	520,731	530,168	607,759	622,300	0	0	0
Expenses:
Operating expenses
67,124	68,396	68,553	70,061	72,316	74,885	79,351	81,327	82,947	84,556	84,897	85,610	84,698	85,895	86,629	89,085	92,146	94,780	96,081	96,978	95,967	96,798	95,919	93,496	93,010	89,067	85,826	87,381	88,670	90,516	88,123	88,430	89,550	93,565	100,559	103,198	0	0	0
Real estate taxes
73,377	73,247	72,997	72,451	71,618	73,683	73,732	77,558	81,344	82,755	86,037	84,111	83,714	81,774	81,819	82,843	82,239	82,810	82,675	82,288	80,869	78,773	76,629	75,042	72,794	71,191	64,867	64,958	66,903	69,232	69,180	69,375	70,734	70,462	81,704	84,647	0	0	0
Depreciation and amortization
191,479	194,573	197,479	173,188	174,016	175,977	178,705	187,005	195,620	203,866	218,096	223,390	224,508	224,430	214,963	211,071	213,426	214,706	215,729	217,549	216,812	215,966	224,841	220,997	225,532	222,710	208,691	210,896	205,385	208,658	190,730	194,964	199,621	204,467	235,868	239,670	0	0	0
Provision for impairment of investment properties
12,644	12,298	11,940	763	1,487	2,079	9,463	55,285	67,595	67,003	68,184	27,104	18,212	20,376	26,872	22,299	22,101	19,937	15,938	70,353	71,809	72,203	92,681	65,280	59,880	59,486	27,183	1,323	0	-	0	0	-	-	0	-	0	0	0
Loss on lease terminations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	15,509	12,428	7,899	8,247	-12,550	-12,580	0	0	0
Insurance captive expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
General and administrative expenses
39,155	40,489	40,620	39,446	40,367	42,363	43,285	41,910	42,006	40,724	40,601	43,926	44,329	44,522	47,997	47,826	51,071	50,657	47,384	43,427	36,771	34,229	31,164	31,002	31,928	31,533	31,350	31,757	30,012	26,878	22,915	20,699	19,199	20,605	20,550	19,956	0	0	0
Total expenses
383,779	389,003	391,589	355,909	359,804	368,987	384,536	443,085	469,512	478,904	497,815	464,141	455,461	456,997	458,280	453,124	460,983	462,890	457,807	510,595	502,228	497,969	520,421	485,225	482,933	473,987	412,181	390,724	388,818	396,607	356,259	358,482	364,976	404,996	485,688	503,263	0	0	0
Other (expense) income:
Operating income (loss)
-	-	-	-	-	-	-	-	-	-	56,488	104,169	122,736	-	131,031	142,616	138,419	141,070	150,763	98,467	102,392	102,645	77,665	97,539	85,705	77,521	98,773	122,955	131,528	134,564	148,903	153,875	155,755	125,172	122,071	119,037	0	0	0
Dividend income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,446	2,549	0	0	0
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	695	711	0	0	0
Gain (Loss) on Extinguishment of Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	13,653	13,653	13,653	13,653	0	0	0	0	-	-	-	-	-	-	-	-	3,879	3,795	4,786	8,501	15,345	0	0	0	-	-
Gain on Extinguishment of Other Liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	4,258	4,258	4,258	4,258	0	0	0	0	-	-	-	-	-	-	-	-	-	-
Equity in loss of unconsolidated joint ventures, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,088	-1,953	-1,595	-1,623	-1,246	-1,576	-3,565	-4,390	-6,307	-5,876	-5,882	-6,577	-6,437	-5,153	-2,560	0	0	0
Gain on change in control of investment properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Interest Expense
76,187	76,571	76,705	72,957	72,411	73,746	74,933	74,707	79,325	146,092	159,464	163,956	168,498	109,730	106,671	121,494	131,657	138,938	143,353	140,284	136,017	133,835	135,533	130,269	132,971	146,805	149,407	163,559	165,890	171,295	164,306	174,965	193,703	203,914	239,344	249,429	0	0	0
Gain (Loss) on Sale of Properties
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on litigation settlement
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) from continuing operations
-	-	-	-	-	-	-	-	-	-	-102,982	-59,695	-38,841	-	45,742	42,961	21,015	3,832	8,239	-36,993	-4,520	597	-2,493	19,282	-17,605	-42,855	-37,846	-20,635	-7,322	-14,368	-3,075	-18,421	-42,892	-71,492	-108,420	-120,549	0	0	0
Discontinued operations:
Loss, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-148	6,022	-14,256	8,672	9,396	1,246	-1,916	-24,280	-24,063	-56,054	-32,992	-31,847	-31,501	1,616	-7,725	0	0	0
Gain on sales of investment properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	655	35,299	37,004	37,025	41,279	20,258	27,309	34,135	30,141	22,349	28,110	21,965	24,509	20,683	0	0	-	0
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	507	41,321	22,748	45,697	50,675	21,504	25,393	9,855	6,078	-33,705	-4,882	-9,882	-6,992	20,294	-1,559	0	0	0
Gain on sales of investment properties
-	-	18,872	19,595	-	37,211	144,312	214,702	331,330	337,975	262,844	256,147	149,132	129,707	106,315	114,931	138,959	121,792	139,715	79,882	46,768	42,196	15,694	1,676	1,542	5,806	6,998	7,498	11,428	7,843	8,387	5,846	3,925	5,906	0	0	0	-	-
Co-venture obligation expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,300	5,092	6,883	8,278	7,167	7,166	7,167	0	0	0
Recognized gain on marketable securities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	0	-
Other expense, net
-2,689	-2,587	-2,432	-1,016	-216	665	846	467	590	373	-6	92	-57	63	751	1,208	600	1,700	1,474	5,701	6,257	5,459	5,978	2,257	4,092	4,741	4,897	4,959	5,987	2,251	5,411	4,931	1,989	5,232	2,560	1,830	0	0	0
Net income
31,546	32,397	29,059	68,094	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	43,300	54,522	43,706	29,634	13,626	-9,344	12,256	13,961	-447	-28,393	-17,457	-48,849	-72,578	-83,955	-117,046	0	0	0
Net income attributable to noncontrolling interests
0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	31	344	579	0	0	0
Net Income (Loss) Attributable to Parent
0	-	0	-	0	-	0	-	302,371	251,491	159,862	196,452	110,291	166,817	151,529	157,364	159,446	125,096	147,954	42,889	42,248	43,300	54,522	43,706	29,634	13,626	-9,344	12,256	13,961	-447	0	0	0	-	-	-	-	-	0
Preferred stock dividends
-	-	-	-	-	-	-	-	-	13,867	9,450	9,450	9,450	9,450	9,450	9,450	9,450	9,450	9,450	9,450	9,450	9,450	9,450	9,450	9,450	9,450	7,350	4,988	2,625	263	0	0	0	-	-	-	-	-	-
Net income attributable to common shareholders
-	-	-	69,356	-	-	-	189,348	290,866	237,624	150,412	187,002	100,841	157,367	142,079	147,914	149,996	115,646	138,504	33,439	32,798	33,850	45,072	34,256	20,184	4,176	-16,694	7,268	11,336	-710	-28,401	-17,472	-48,872	-72,609	-84,299	0	0	0	-
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
0	-	0	-	0	-	0	-	302,371	251,491	159,862	196,452	110,291	166,817	151,529	157,364	159,446	125,096	0	0	0	-	54,522	43,706	29,634	13,626	-9,344	12,256	13,961	-447	0	0	0	-	-	-	-	-	0
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
31,546	32,397	29,059	68,094	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	43,300	54,522	43,706	29,634	13,626	-9,344	12,256	13,961	-447	-28,393	-17,457	-48,849	-72,578	-83,955	-117,046	0	0	0
Other comprehensive (loss) income:
Other comprehensive loss:
Net unrealized loss on derivative instruments (Note 8)
-34,834	-10,766	-24,057	-16,042	-8,876	-2,608	4,664	3,478	2,474	352	782	1,771	1,406	807	484	-27	580	452	123	358	124	201	355	-740	32	516	1,095	819	437	108	-351	490	311	1,211	1,416	2,172	0	0	0
Net unrealized gain on marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,748	5,427	-2,239	-1,063	-3,486	-2,155	454	0	0	0
Reversal of unrealized gain to recognized gain on marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	0	-
Comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-11,680	-21,431	-39,682	-26,463	-49,870	-75,130	-85,065	-115,033	0	0	0
Comprehensive income attributable to noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	31	344	579	0	0	0
Comprehensive (loss) income attributable to the Company
-3,288	21,631	4,312	53,314	50,192	75,032	180,084	201,968	304,845	251,843	160,644	198,223	111,697	167,624	152,013	157,337	160,026	125,548	148,077	43,247	42,372	43,501	54,877	42,966	29,666	14,142	-18,038	-4,396	-11,680	-21,431	-39,706	-26,494	-49,909	-75,161	-84,751	-114,470	0	0	0
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	-	-	-