Washington prime group inc. (WPG)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13
REVENUE:
Operating Lease, Lease Income

147,233

159,519

154,611

156,230

163,273

173,123

174,449

170,443

172,417

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Minimum rent

-

-

-

-

-

-

-

-

-

-

122,942

129,433

137,116

145,608

142,811

141,257

143,105

156,199

144,313

161,695

160,906

114,715

113,887

108,374

106,637

112,649

104,905

103,505

104,980

Overage rent

-

-

-

-

-

-

-

-

-

-

1,687

1,299

2,832

5,095

2,419

1,911

3,457

5,902

2,583

2,291

3,264

4,366

1,747

1,134

2,110

3,715

1,396

1,171

2,433

Tenant reimbursements

-

-

-

-

-

-

-

-

-

-

50,239

52,121

56,790

59,138

60,006

59,410

57,956

60,897

62,195

67,437

69,245

49,723

50,814

47,179

47,168

46,044

47,523

45,804

45,371

Other income

5,367

10,504

6,593

5,204

5,550

9,826

4,970

7,674

4,577

4,413

4,452

6,318

5,656

7,943

4,686

3,160

5,513

6,373

7,648

6,105

4,303

8,346

1,236

1,488

2,054

2,697

1,555

1,090

1,451

Total revenues

152,600

170,023

161,204

161,434

168,823

182,949

179,419

178,117

176,994

182,169

179,320

189,171

202,394

217,784

209,922

205,738

210,031

229,371

216,739

237,528

237,718

177,150

167,684

158,175

157,969

165,105

155,379

151,570

154,235

EXPENSES:
Merger and transaction costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,500

0

0

-

-

-

-

Property operating

-

-

39,007

36,432

-

38,237

37,885

35,945

36,366

37,023

37,098

35,164

37,244

41,936

41,295

39,525

43,934

49,068

45,970

51,140

51,109

54,911

29,268

26,219

26,140

26,556

27,713

25,455

24,365

Depreciation and amortization

59,704

62,178

70,948

71,816

66,378

61,696

71,010

63,796

61,294

59,226

65,383

66,620

67,511

69,228

71,287

69,232

71,403

71,824

77,008

91,453

92,184

55,327

49,307

47,288

45,968

45,657

46,771

45,101

45,299

Real estate taxes

20,252

21,133

19,014

19,878

22,114

21,385

22,145

21,094

22,041

19,956

20,401

23,253

26,007

25,454

26,296

26,397

24,491

25,129

26,157

27,737

30,525

18,298

20,430

18,752

19,947

17,715

20,144

18,395

19,962

Repairs and maintenance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,169

4,934

7,150

6,694

5,001

5,503

5,386

Advertising and promotion

1,804

3,272

2,323

2,025

1,893

3,184

1,875

2,240

1,771

2,568

2,112

2,275

2,152

2,908

2,638

2,597

2,232

3,693

2,621

2,646

2,675

2,446

1,954

1,932

1,952

2,101

2,270

1,808

2,137

Provision for credit losses

-

-

-

-

-

-

-

-

-

-

796

1,903

1,581

1,707

306

1,763

732

203

238

883

698

480

447

619

786

312

376

-806

690

General and administrative

12,264

11,728

12,210

13,124

14,125

9,121

9,124

11,191

9,654

8,865

8,108

9,091

8,828

8,942

8,139

9,432

10,804

13,826

12,850

11,889

9,589

4,528

4,395

1,865

0

-

-

-

-

Ground rent

37,280

-39,002

215

195

39,429

197

197

198

197

174

237

996

1,031

1,076

1,142

1,043

1,057

1,116

1,314

2,071

2,373

-672

1,108

1,281

1,119

1,293

1,017

1,163

1,191

Merger, restructuring and transaction costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-307

29,914

-

3,492

2,448

4,903

20,810

-

0

39,931

-

-

-

-

-

Impairment loss

1,319

-

28,936

-

0

-

0

-

-

37,524

20,892

0

8,509

1,178

20,701

0

0

-

9,859

-

-

-

0

-

-

-

-

-

-

Total operating expenses

132,745

144,315

172,653

143,470

144,142

133,820

142,236

134,464

131,323

161,056

155,027

139,302

152,863

152,429

171,497

179,903

154,653

306,471

178,465

192,722

209,963

123,380

114,578

142,821

103,062

100,328

103,292

96,619

99,030

OPERATING INCOME

-

-

-

-

-

-

-

-

-

-

24,293

49,869

49,531

-

38,425

25,835

55,378

-77,100

38,274

44,806

27,755

53,770

53,106

15,354

54,907

64,777

52,087

54,951

55,205

Interest Expense

38,635

38,576

38,833

39,143

36,830

36,360

36,582

34,701

34,344

28,428

34,344

31,281

32,488

32,243

32,168

34,466

37,348

34,136

29,895

38,778

37,114

22,615

23,219

22,677

13,917

13,811

13,791

13,737

13,719

INCOME (LOSS) BEFORE GAIN ON DISPOSITION OF INTERESTS IN PROPERTIES, NET

-

-

-

-

-

-

-

-

-

-

-10,664

39,115

14,573

-

5,002

24,825

15,890

-110,621

8,128

3,797

-9,588

-

-

-

-

-

-

-

-

(Loss) gain upon acquisition of controlling interests and on sale of interests in properties, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,509

8,969

91,268

242

-

-

-

-

Gain on disposition of interests in properties, net

26,800

12,369

9,800

6,241

9,990

4,492

3,864

8,063

8,181

-665

0

125,385

51

129

181

-88

-2,209

-985

0

5,147

0

-

-

-

-

-

-

-

-

Gain on extinguishment of debt, net

-

-

38,913

-

-

-

0

-

-

-

0

21,221

-

-

0

34,078

-

-

0

0

-

-

-

-

-

-

-

-

-

Income and other taxes

-617

831

-120

229

356

673

-227

601

485

421

448

522

2,026

817

322

114

979

-211

87

528

445

940

134

66

75

26

68

24

78

Income (Loss) from Equity Method Investments

-1,032

503

-241

-1,713

-48

851

-577

-895

1,162

2,176

-165

-172

-444

857

-933

-508

-1,161

404

-164

-1,703

216

127

99

402

345

564

353

206

293

Gain on sale of interests in properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,152

NET INCOME (LOSS)

7,560

23,868

-1,665

-16,880

-2,563

68,836

4,115

15,519

20,185

63,133

-10,664

164,500

14,624

33,815

5,183

24,737

13,681

-111,606

8,128

8,944

-9,588

40,851

38,821

84,281

41,502

51,504

38,581

41,396

55,853

Net income (loss) attributable to noncontrolling interests

677

3,260

-752

-3,126

-896

10,321

144

1,925

2,661

9,460

-2,269

25,525

1,814

4,891

313

3,422

1,659

-18,140

563

1,048

-2,296

7,216

6,620

14,480

7,110

18,294

6,347

7,145

67

NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY

6,883

20,608

-913

-13,754

-1,667

58,515

3,971

13,594

17,524

53,673

-8,395

138,975

12,810

28,924

4,870

21,315

12,022

-93,466

7,565

7,896

-7,292

33,635

32,201

69,801

34,392

-

-

-

-

Less: Preferred share dividends

3,508

3,508

3,508

3,508

3,508

3,508

3,508

3,508

3,508

3,508

3,508

3,508

3,508

3,508

3,508

3,508

3,508

3,508

3,508

3,995

4,978

0

0

0

0

-

-

-

-

Net Income (Loss) Available to Common Stockholders, Basic

3,375

17,100

-4,421

-17,262

-5,175

55,007

463

10,086

14,016

50,165

-11,903

135,467

9,302

25,416

1,362

17,807

8,514

-96,974

4,057

3,901

-12,270

33,635

32,201

69,801

34,392

-

32,234

34,251

-

EARNINGS PER COMMON SHARE, BASIC (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

0.73

-

-

-

0.10

-

-

-

-

-

-

-

-

-

-

-

-

-

EARNINGS PER COMMON SHARE, DILUTED (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

0.72

-

-

-

0.10

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings Per Share, Basic and Diluted

0.02

0.09

-0.02

-0.09

-0.03

0.30

0.00

0.05

0.07

-

-0.06

-

0.05

-

0.01

-

0.05

-0.52

0.02

0.02

-0.07

0.22

0.21

0.45

0.22

-

0.21

0.22

-

INCOME (LOSS) BEFORE (LOSS) GAIN ON ACQUISITION AND DISPOSITION OF INTERESTS IN PROPERTIES, NET

-

-

-

-

-

-

-

-

-

-

-10,664

39,115

14,573

-

5,002

24,825

15,890

-

-

-

-

-

-

-

-

-

-

-

-

NET INCOME (LOSS) ATTRIBUTABLE TO COMMON UNITHOLDERS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,370

1,605

-

-

-

-

-

6,620

-

-

-

-

-

-

NET INCOME (LOSS) ATTRIBUTABLE TO COMMON UNITHOLDERS:
Limited partners

617

3,155

-812

-3,186

-956

10,185

84

1,865

2,601

9,332

-2,329

25,465

1,754

-

257

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCOME (LOSS) ATTRIBUTABLE TO COMMON UNITHOLDERS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,370

1,605

-

-

-

-

-

6,620

-

-

-

-

-

-

EARNINGS PER COMMON UNIT, BASIC AND DILUTED (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.07

-

0.21

-

-

-

-

-

-

COMPREHENSIVE LOSS:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

7,560

23,868

-1,665

-16,880

-2,563

68,836

4,115

15,519

20,185

63,133

-10,664

164,500

14,624

33,815

5,183

24,737

13,681

-111,606

8,128

8,944

-9,588

40,851

38,821

84,281

41,502

51,504

38,581

41,396

55,853

Unrealized loss on interest rate derivative instruments, net

-15,446

-

-

-

-5,110

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized (loss) income on interest rate derivative instruments

-

-

-2,263

-9,485

-

-9,574

2,471

602

5,217

2,829

-727

-2,050

2,349

19,348

3,500

-5,581

-13,466

5,517

-7,691

4,615

-404

0

0

0

0

-

-

-

-

Comprehensive loss

-7,886

26,624

-3,928

-26,365

-7,673

59,262

6,586

16,121

25,402

65,962

-11,391

162,450

16,973

53,163

8,683

19,156

215

-106,089

437

13,559

-9,992

40,851

38,821

84,281

41,502

-

-

-

-

Comprehensive loss attributable to noncontrolling interests

-1,706

3,693

-1,099

-4,597

-1,688

8,831

534

2,024

3,482

9,908

-2,378

25,206

2,191

7,969

872

2,532

-487

-17,267

-660

1,783

-2,360

7,216

6,620

14,480

7,110

-

-

-

-

Comprehensive loss attributable to common shareholders

-6,180

22,931

-2,829

-21,768

-5,985

50,431

6,052

14,097

21,920

56,054

-9,013

137,244

14,782

45,194

7,811

16,624

702

-88,822

1,097

11,776

-7,632

33,635

32,201

69,801

34,392

-

-

-

-

NET INCOME

7,560

23,868

-1,665

-16,880

-2,563

68,836

4,115

15,519

20,185

63,133

-10,664

164,500

14,624

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCOME ATTRIBUTABLE TO SPG

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

55,786

Washington Prime Group, L.P.
Operating Lease, Lease Income

147,233

159,519

154,611

156,230

163,273

173,123

174,449

170,443

172,417

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income

5,367

10,504

6,593

5,204

5,550

9,826

4,970

7,674

4,577

4,413

4,452

6,318

5,656

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total revenues

152,600

170,023

161,204

161,434

168,823

182,949

179,419

178,117

176,994

182,169

179,320

189,171

202,394

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property operating

37,280

-

-

-

39,429

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property operating

-

-

39,007

36,432

-

38,237

37,885

35,945

36,366

37,023

37,098

35,164

37,244

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

59,704

62,178

70,948

71,816

66,378

61,696

71,010

63,796

61,294

59,226

65,383

66,620

67,511

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Real estate taxes

20,252

21,133

19,014

19,878

22,114

21,385

22,145

21,094

22,041

19,956

20,401

23,253

26,007

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advertising and promotion

1,804

3,272

2,323

2,025

1,893

3,184

1,875

2,240

1,771

2,568

2,112

2,275

2,152

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative

12,264

11,728

12,210

13,124

14,125

9,121

9,124

11,191

9,654

8,865

8,108

9,091

8,828

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Ground rent

122

224

215

195

203

197

197

198

197

174

237

996

1,031

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment loss

1,319

-

28,936

-

0

-

0

-

-

37,524

20,892

0

8,509

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

132,745

144,315

172,653

143,470

144,142

133,820

142,236

134,464

131,323

161,056

155,027

139,302

152,863

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest Expense

38,635

38,576

38,833

39,143

36,830

36,360

36,582

34,701

34,344

28,428

34,344

31,281

32,488

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on disposition of interests in properties, net

26,755

12,317

9,825

6,241

9,990

4,494

3,864

8,063

8,181

-665

0

125,385

51

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on extinguishment of debt, net

-

-

38,913

-

-

-

0

-

-

-

0

21,221

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income and other taxes

-617

831

-120

229

356

673

-227

601

485

421

448

522

2,026

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (Loss) from Equity Method Investments

-1,032

503

-241

-1,713

-48

851

-577

-895

1,162

2,176

-165

-172

-444

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCOME (LOSS)

7,560

23,868

-1,665

-16,880

-2,563

68,836

4,115

15,519

20,185

63,133

-10,664

164,500

14,624

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Available to Common Stockholders, Basic

3,992

-

-5,233

-20,448

-6,131

-

547

11,951

16,617

-

-14,232

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings Per Share, Basic and Diluted

0.02

0.09

-0.02

-0.09

-0.03

0.30

0.00

0.05

0.07

-

-0.06

-

0.05

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCOME (LOSS) ATTRIBUTABLE TO UNITHOLDERS

7,560

23,823

-1,665

-16,880

-2,563

68,760

4,115

15,519

20,185

63,065

-10,664

164,500

14,624

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: Preferred unit distributions

3,568

3,568

3,568

3,568

3,568

3,568

3,568

3,568

3,568

3,568

3,568

3,568

3,568

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCOME (LOSS) ATTRIBUTABLE TO COMMON UNITHOLDERS

3,992

20,255

-5,233

-20,448

-6,131

65,192

547

11,951

16,617

59,497

-14,232

160,932

11,056

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General partner

3,375

17,100

-4,421

-17,262

-5,175

55,007

463

10,086

14,016

50,165

-11,903

135,467

9,302

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Limited partners

617

3,155

-812

-3,186

-956

10,185

84

1,865

2,601

9,332

-2,329

25,465

1,754

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCOME (LOSS) ATTRIBUTABLE TO COMMON UNITHOLDERS

3,992

20,255

-5,233

-20,448

-6,131

65,192

547

11,951

16,617

59,497

-14,232

160,932

11,056

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

7,560

23,868

-1,665

-16,880

-2,563

68,836

4,115

15,519

20,185

63,133

-10,664

164,500

14,624

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized loss on interest rate derivative instruments, net

-15,446

-

-

-

-5,110

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized (loss) income on interest rate derivative instruments

-

-

-2,263

-9,485

-

-9,574

2,471

602

5,217

-

-727

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive loss

-7,886

26,624

-3,928

-26,365

-7,673

59,262

6,586

16,121

25,402

65,962

-11,391

162,450

16,973

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Washington Prime Group, L.P. [Member]
Minimum rent

-

-

-

-

-

-

-

-

-

-

122,942

129,433

137,116

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Overage rent

-

-

-

-

-

-

-

-

-

-

1,687

1,299

2,832

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tenant reimbursements

-

-

-

-

-

-

-

-

-

-

50,239

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total revenues

152,600

-

-

-

168,823

-

-

-

-

-

179,320

189,171

202,394

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for credit losses

-

-

-

-

-

-

-

-

-

-

796

1,903

1,581

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

OPERATING INCOME

-

-

-

-

-

-

-

-

-

-

24,293

49,869

49,531

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

INCOME BEFORE GAIN ON DISPOSITION OF INTERESTS IN PROPERTIES, NET

-

-

-

-

-

-

-

-

-

-

-10,664

39,115

14,573

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

EARNINGS PER COMMON SHARE, BASIC (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

0.73

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

EARNINGS PER COMMON SHARE, DILUTED (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

0.72

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized income on interest rate derivative instruments

-

-

-

-

-

-

-

-

-

-

-

-2,050

2,349

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCOME

7,560

-

-

-

-2,563

-

-

-

-

-

-10,664

164,500

14,624

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-