RPT Realty RPT Income Statement

Rpt realty (RPT)

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
REVENUE
Rental income
51,722	-	-	-	58,358	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
TOTAL REVENUE
52,876	58,098	58,921	57,361	59,708	63,720	64,217	69,967	62,718	64,264	65,931	67,062	67,825	64,456	64,079	65,883	66,512	68,578	64,060	59,735	59,417	63,157	55,143	49,930	50,133	48,017	45,411	42,702	33,938	31,836	32,094	30,669	30,626	25,907	30,649	28,506	29,324	27,361	28,902
EXPENSES
Real estate taxes
8,151	8,294	9,123	8,722	9,822	10,510	11,037	10,602	10,157	10,012	10,948	10,730	10,993	10,030	10,269	11,132	10,308	10,946	9,670	9,126	8,995	9,543	7,217	7,347	7,367	6,476	6,351	5,769	4,565	3,996	4,006	4,491	4,206	3,761	3,695	4,361	4,165	3,794	4,434
Recoverable operating expense
5,979	7,052	6,180	5,343	6,681	6,929	6,301	6,141	6,806	6,954	6,660	6,431	7,608	8,354	6,475	6,672	8,080	9,246	7,234	6,846	7,278	8,981	6,440	5,739	6,159	6,531	4,825	4,709	4,129	4,299	3,885	3,442	3,821	3,630	3,515	3,039	3,808	3,172	3,100
Non-recoverable operating expense
2,277	2,630	2,463	2,709	2,490	1,952	1,863	1,759	1,712	4,615	1,039	1,242	1,148	1,014	603	564	1,394	1,463	1,101	994	713	1,007	942	835	849	871	668	730	737	862	671	589	680	1,177	946	659	672	743	940
Depreciation and amortization
20,848	18,782	20,018	20,628	19,219	21,608	21,150	23,457	21,112	22,053	23,130	23,335	22,817	21,987	23,245	22,714	23,847	25,042	22,914	21,120	20,363	20,605	19,178	23,658	17,741	15,883	15,094	14,551	10,777	9,947	10,481	9,688	8,557	8,254	8,433	8,785	8,370	7,319	7,319
Transaction costs
174	0	0	0	0	-	0	233	-	-	0	0	-	198	55	4	59	70	267	265	42	168	1,189	451	82	-	103	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative expense
6,222	8,789	6,249	6,530	6,066	5,851	7,626	12,730	5,176	4,003	5,738	6,372	6,451	4,966	5,787	5,683	5,605	5,709	4,020	5,474	4,874	5,575	5,395	5,168	5,532	4,557	5,260	5,634	5,500	4,386	4,990	4,878	4,878	4,380	5,345	4,864	5,057	4,512	4,824
Provision for impairment
-	-	0	0	-	-	0	216	-	1,002	1,885	800	5,717	0	977	0	0	0	0	0	2,521	27,865	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	28,787	-
Insured expenses, net
60	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
TOTAL EXPENSES
43,711	47,823	44,033	43,932	44,278	60,284	47,977	55,138	44,963	48,619	49,400	48,930	54,734	46,549	47,411	46,769	49,293	52,476	45,206	43,825	44,786	73,744	40,361	43,198	37,730	45,206	32,301	31,393	25,708	25,577	24,033	23,088	22,142	21,202	21,934	21,708	22,072	19,540	20,617
OPERATING INCOME
9,165	10,275	14,888	13,429	15,430	3,436	16,240	14,829	17,755	15,645	16,531	18,132	13,091	17,907	16,668	19,114	17,219	16,102	18,854	15,910	14,631	-10,587	14,782	6,732	12,403	2,811	13,110	11,309	8,230	6,259	8,061	7,581	8,484	4,705	8,715	6,798	7,252	7,821	8,285
OTHER INCOME AND EXPENSES
Other income (expense), net
353	24	4	-123	-108	-189	-240	-68	253	-96	123	-424	-311	130	-158	198	-347	-262	-171	27	-218	-74	-243	-239	-133	-249	-400	-180	-136	-238	54	230	-112	-38	192	-201	-210	-388	-303
Gain on sale of real estate
0	75,783	0	371	5,702	3,813	0	181	0	16,844	24,545	0	11,375	98	9,359	19,799	6,525	9,565	4,536	273	3,196	7,927	258	2,672	0	378	-13	332	3,582	0	0	0	69	1	45	30	155	1,633	499
Earnings from unconsolidated joint ventures
256	128	373	26	54	19	297	202	71	51	81	55	86	117	119	109	109	724	13,977	335	2,660	411	455	816	-1,607	268	387	260	-5,674	1,164	1,008	580	496	-3,667	3,702	672	962	-1,362	-73
Interest expense
9,401	9,707	9,917	10,084	10,349	11,085	11,045	10,708	10,601	10,995	11,586	11,486	10,799	10,696	11,140	11,376	11,302	12,093	10,091	10,058	9,969	9,866	8,645	7,632	7,599	7,791	7,915	7,296	6,073	6,386	6,430	6,453	6,626	6,543	6,320	6,591	7,959	7,657	7,925
Amortization of deferred financing fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	389	330	334	331	342	370	403	378	382	346	341	342	354	376	377	343	387	473	624	596	639
Other gain on unconsolidated joint ventures
-	-	237	-	-	-	5,208	-	-	-	0	-	-	-	0	215	-	-	7,892	0	-	0	0	0	117	0	0	0	5,282	-	845	0	-	-	-	-	-	-	-
Provision for impairment on equity investments in unconsolidated joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	294	-	-	-	-	-	-	-	-
Loss on extinguishment of debt
-	-	0	-622	-	-	0	0	-	-	-	-	-	-	-847	-	-	-	27	1,387	-	-	0	-860	-	-	0	0	-	-	0	307	-	-	-	-1,968	-	-	-
INCOME BEFORE TAX
373	74,554	5,585	2,997	10,729	-4,140	10,460	4,436	7,478	21,449	29,694	6,277	13,442	7,147	14,001	28,059	12,204	15,089	34,635	7,544	9,966	-12,520	6,265	1,119	2,778	-5,301	4,787	4,079	4,870	751	2,890	1,562	1,934	-32,413	5,947	-1,733	-424	-29,336	-156
Income tax provision
31	118	11	35	36	53	96	33	18	-18	65	25	28	65	133	39	62	33	29	255	22	36	2	-1	17	63	-29	-13	43	-17	-19	-23	25	-189	94	831	59	40	-209
INCOME (LOSS) FROM CONTINUING OPERATIONS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,364	4,816	4,092	4,827	768	2,909	1,585	1,909	-32,224	5,853	-2,564	-483	-29,376	53
DISCONTINUED OPERATIONS
Gain on sale of real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	657	1,537	-	0	0	72	264	-	-33	8,420	-	-	-2,050
Provision for impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	379	0	0	2,536	-	-	-	-	-	-
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	129	242	153	447	1,270	412	200	311	1,292	-18	-327	230	-66	195
INCOME FROM DISCONTINUED OPERATIONS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	55	899	1,690	447	891	412	579	-1,961	-7,354	-51	8,093	230	-66	-1,855
NET INCOME
342	74,457	5,574	2,962	10,693	-4,191	10,364	4,403	7,460	21,424	29,629	6,252	13,414	7,082	13,868	28,020	12,142	15,056	34,606	7,289	9,944	-12,556	6,263	1,120	2,761	-5,309	5,715	5,782	5,274	1,659	3,321	2,164	-52	-39,578	5,802	5,529	-253	-29,442	-1,802
Net income attributable to noncontrolling partner interest
8	1,727	129	69	250	-97	239	101	174	500	696	147	316	166	326	659	297	370	940	199	277	-351	180	34	89	-169	201	208	225	79	158	185	-534	-2,481	389	371	-21	-2,701	-760
NET INCOME ATTRIBUTABLE TO RPT
334	72,730	5,445	2,893	10,443	-4,094	10,125	4,302	7,286	20,924	28,933	6,105	13,098	6,916	13,542	27,361	11,845	14,686	33,666	7,090	9,667	-12,205	6,083	1,086	2,672	-5,140	5,514	5,574	5,049	1,580	3,163	1,979	482	-37,097	5,413	5,158	-232	-26,741	-1,042
Preferred share dividends
1,675	1,675	1,676	1,675	1,675	1,675	1,676	1,675	1,675	1,676	1,675	1,675	1,675	1,676	1,675	1,675	1,675	1,676	1,675	1,675	1,812	1,812	1,813	1,813	1,812	1,812	1,813	1,813	1,812	1,812	1,813	1,813	1,812	-	1,813	1,619	-	-	-
Preferred share conversion costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	500	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET (LOSS) INCOME AVAILABLE TO COMMON SHAREHOLDERS
-1,341	71,055	3,769	1,218	8,768	-5,769	8,449	2,627	5,611	19,248	27,258	4,430	11,423	5,240	11,867	25,686	10,170	13,010	31,991	4,915	7,855	-14,017	4,270	-727	860	-6,952	3,701	3,761	3,237	-232	1,350	166	-1,330	-38,909	3,600	3,539	-232	-26,741	-1,042
(LOSS) EARNINGS PER COMMON SHARE
Continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.12	0.05	0.03	0.05	-0.03	0.02	0.00	0.01	-0.83	0.09	-0.10	-0.01	-0.70	0.02
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.01	0.03	0.01	0.03	0.01	0.00	-0.04	-	-	0.19	-	-	-0.05
Basic (in usd per share)
-0.02	0.89	0.05	0.01	0.11	-0.07	0.10	0.03	0.07	0.25	0.34	0.05	0.14	0.06	0.15	0.32	0.13	0.18	0.39	0.06	0.10	-0.20	0.06	-0.01	0.01	-0.12	0.06	0.06	0.06	0.00	0.03	0.00	-0.03	-1.01	0.09	0.09	-0.01	-0.70	-0.03
Continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.12	0.05	0.03	0.05	-0.03	0.02	0.00	0.01	-0.83	0.09	-0.10	-0.01	-0.70	0.02
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.01	0.03	0.01	0.03	0.01	0.00	-0.04	-	-	0.19	-	-	-0.05
Diluted (in usd per share)
-0.02	0.87	0.05	0.01	0.11	-0.07	0.10	0.03	0.07	0.26	0.33	0.05	0.14	0.06	0.15	0.32	0.13	0.19	0.38	0.06	0.10	-0.20	0.06	-0.01	0.01	-0.12	0.06	0.06	0.06	0.00	0.03	0.00	-0.03	-1.01	0.09	0.09	-0.01	-0.70	-0.03
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
Basic (in shares)
79,909	79,852	79,848	79,764	79,744	79,714	79,712	79,519	79,423	79,352	79,381	79,344	79,299	79,268	79,249	79,233	79,194	79,181	79,162	79,124	77,925	77,709	74,840	68,853	67,070	64,551	61,102	59,911	51,780	47,947	46,911	42,662	38,884	38,818	38,596	38,523	37,927	38,020	34,371
Diluted (in shares)
79,909	110,261	80,540	80,156	79,931	80,711	80,450	79,621	79,570	72,851	86,259	79,529	79,481	72,904	79,437	86,027	79,372	72,812	85,881	79,319	78,128	76,981	75,080	69,097	67,314	64,809	61,572	60,319	52,212	47,395	47,197	42,662	39,150	38,675	38,739	38,523	37,927	38,020	34,371
Cash Dividend Declared per Common Share (in usd per share)
0.22	-	0.22	0.22	0.22	-	0.22	0.22	0.22	-	0.22	0.22	0.22	-	0.21	0.21	0.21	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
OTHER COMPREHENSIVE INCOME
Net income
342	74,457	5,574	2,962	10,693	-4,191	10,364	4,403	7,460	21,424	29,629	6,252	13,414	7,082	13,868	28,020	12,142	15,056	34,606	7,289	9,944	-	6,263	1,120	2,761	-5,309	5,715	5,782	5,274	1,659	3,321	2,164	-52	-39,578	5,802	5,529	-253	-29,442	-1,802
Other comprehensive gain (loss):
(Loss) gain on interest rate swaps
-17,311	2,826	-1,006	-2,534	-1,539	-2,648	474	922	2,442	1,795	196	-632	723	7,695	1,745	-2,221	-4,777	2,546	-1,661	1,150	-1,465	-1,275	1,236	-1,377	-699	1,464	-620	4,118	558	418	-960	-2,451	248	-	-2,023	-	-	577	846
Comprehensive (loss) income
-16,969	77,283	4,568	428	9,154	-6,839	10,838	5,325	9,902	23,219	29,825	5,620	14,137	14,777	15,613	25,799	7,365	17,602	32,945	8,439	8,479	-13,831	7,499	-257	2,062	-3,845	5,095	9,900	5,832	2,077	2,361	-287	196	-40,383	3,779	5,529	-253	-28,865	-956
Comprehensive loss (income) attributable to noncontrolling interest
-393	1,793	106	10	214	-159	250	122	232	535	701	139	333	348	367	606	180	432	895	231	236	-264	218	-44	-23	511	-22	147	24	19	-46	-140	14	-	517	371	-	-2,659	-700
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO RPT
-16,576	75,490	4,462	418	8,940	-6,680	10,588	5,203	9,670	22,684	29,124	5,481	13,804	14,429	15,246	25,193	7,185	17,170	32,050	8,208	8,243	-13,567	7,281	-213	2,085	-4,356	5,117	9,753	5,808	2,058	2,407	-147	182	-39,316	3,262	5,158	-253	-26,206	-256
Minimum rent
Total revenue
-	-	-	-	-	-	-	-	-	110,354	49,736	50,797	49,437	48,252	47,591	48,554	48,396	48,196	47,324	44,327	43,351	43,635	40,735	37,054	36,267	34,892	33,043	31,946	24,288	22,437	22,766	21,688	21,030	17,270	20,416	20,086	19,373	19,370	19,536
Percentage rent
Total revenue
-	-	-	-	-	-	-	-	-	-	106	225	238	89	71	138	302	143	25	18	353	57	54	5	148	9	85	20	95	214	170	13	195	30	105	45	64	137	120
Rental income
TOTAL REVENUE
-	-	57,809	56,641	-	-	63,132	68,872	61,818	-	14,923	14,841	16,891	14,774	15,289	16,032	16,746	18,039	15,238	13,962	14,322	15,999	12,725	11,857	12,247	11,860	10,158	9,772	8,228	7,796	7,644	7,570	7,711	7,244	7,201	6,984	7,386	6,630	7,171
Other property income
TOTAL REVENUE
803	1,266	1,024	681	1,299	979	997	1,047	814	993	1,078	1,126	1,106	1,240	1,055	914	958	1,869	1,161	850	859	2,935	1,047	578	961	763	1,560	491	523	260	493	451	723	331	1,621	596	1,509	322	1,035
Management and other fee income
TOTAL REVENUE
351	52	88	39	51	32	88	48	86	141	88	73	153	101	73	245	110	331	312	578	532	531	582	436	510	493	565	473	804	1,129	1,021	947	967	1,032	1,306	795	992	902	1,040