Retail value inc. (RVI)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Dec'17
Assets
Land

469

522

539

549

588

622

658

689

-

Buildings

1,230

1,380

1,407

1,463

1,554

1,629

1,695

1,813

-

Fixtures and tenant improvements

140

152

152

159

172

172

176

196

-

Total real estate rental property

1,841

2,055

2,098

2,172

2,315

2,425

2,530

2,699

-

Less: Accumulated depreciation

624

670

662

663

705

704

706

720

-

Real estate rental property, net

1,216

1,385

1,435

1,509

1,610

1,720

1,823

1,979

-

Construction in progress

2

2

26

15

45

26

44

20

-

Total real estate assets, net

1,218

1,387

1,462

1,524

1,656

1,747

1,867

1,999

-

Cash and cash equivalents

92

71

71

58

37

44

28

22

-

Restricted cash

81

112

99

93

71

66

103

73

-

Accounts receivable

21

25

24

25

28

31

31

33

-

Property insurance receivable

-

-

0

0

15

29

48

49

-

Intangible assets, net

-

-

-

-

-

-

40

54

-

Other assets, net

26

30

28

27

33

43

12

8

-

Total assets

1,440

1,626

1,686

1,729

1,843

1,962

2,133

2,241

-

Liabilities and Equity
Mortgage indebtedness, net

505

655

654

752

873

967

1,128

1,241

-

Total indebtedness

-

-

-

-

-

-

1,128

1,241

-

Payable to SITE Centers

0

0

16

33

34

33

36

-

-

Accounts payable and other liabilities

41

53

58

60

65

84

94

120

-

Dividends payable

0

39

0

0

-

24

-

-

-

Total liabilities

547

748

729

846

972

1,110

1,259

1,362

-

Commitments and contingencies (Note 5)

-

-

-

-

-

-

0

0

-

Redeemable preferred equity

190

190

190

190

190

190

190

190

-

Retail Value Inc. shareholders' equity
Common shares, with par value, $0.10 stated value; 200,000,000 shares authorized; 19,816,476 and 19,052,592 shares issued at March 31, 2020 and December 31, 2019, respectively

1

1

1

1

1

1

1

-

-

Additional paid-in capital

720

692

692

692

692

675

675

-

-

Retained earnings (accumulated distributions in excess of net income )

-19

-6

71

-0

-14

-15

5

-

-

Less: Common shares in treasury at cost: 454 shares at March 31, 2020 and December 31, 2019

0

0

0

0

0

0

0

-

-

Total equity

702

687

766

693

680

662

683

689

-

Total liabilities and equity

1,440

1,626

1,686

1,729

1,843

1,962

2,133

2,241

-

RVI Predecessor [Member]
Land

-

-

-

-

-

-

-

-

717

Buildings

-

-

-

-

-

-

-

-

1,932

Fixtures and tenant improvements

-

-

-

-

-

-

-

-

195

Total real estate rental property

-

-

-

-

-

-

-

-

2,845

Less: Accumulated depreciation

-

-

-

-

-

-

-

-

699

Real estate rental property, net

-

-

-

-

-

-

-

-

2,145

Construction in progress

-

-

-

-

-

-

-

-

4

Total real estate assets, net

-

-

-

-

-

-

-

-

2,150

Cash and cash equivalents

-

-

-

-

-

-

-

-

8

Restricted cash

-

-

-

-

-

-

-

-

0

Accounts receivable, net

-

-

-

-

-

-

-

-

33

Property insurance receivable

-

-

-

-

-

-

-

-

60

Intangible assets, net

-

-

-

-

-

-

-

-

67

Other assets, net

-

-

-

-

-

-

-

-

6

Total assets

-

-

-

-

-

-

-

-

2,326

Mortgage indebtedness, net

-

-

-

-

-

-

-

-

320

Parent Company unsecured debt

-

-

-

-

-

-

-

-

813

Total indebtedness

-

-

-

-

-

-

-

-

1,134

Payable to SITE Centers

-

-

-

-

-

-

-

-

0

Accounts payable and other liabilities

-

-

-

-

-

-

-

-

101

Total liabilities

-

-

-

-

-

-

-

-

1,236

Total equity

-

-

-

-

-

-

-

-

1,090

Total liabilities and equity

-

-

-

-

-

-

-

-

2,326