Weingarten Realty Investors WRI Income Statement

Weingarten realty investors (WRI)

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	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenues:
Rentals, net
108,050	115,780	117,378	119,462	119,826	124,365	125,586	138,737	129,148	138,338	141,064	142,963	140,818	139,507	136,435	132,814	128,509	127,242	128,254	124,310	122,658	122,730	127,974	127,791	124,633	123,460	120,361	118,292	115,227	88,666	119,211	116,013	116,103	65,788	119,746	117,843	115,561	60,542	129,800	134,320	134,088	138,175	139,066
Other
3,302	3,685	3,984	3,198	3,312	3,454	3,204	3,349	3,304	1,029	3,046	3,060	2,845	3,356	2,164	2,862	3,908	2,412	2,533	2,494	2,941	3,372	2,547	2,400	2,959	2,611	2,941	3,703	2,600	2,793	3,108	2,584	2,699	2,527	3,123	5,482	2,546	1,728	4,318	3,471	3,017	4,898	3,349
Total
111,352	119,465	121,362	122,660	123,138	127,819	128,790	142,086	132,452	139,367	144,110	146,023	143,663	142,863	138,599	135,676	132,417	129,654	130,787	126,804	125,599	126,102	130,521	130,191	127,592	126,071	123,302	121,995	117,827	91,459	122,319	118,597	118,802	68,315	122,869	123,325	118,107	62,270	134,118	137,791	137,105	143,073	142,415
Operating Expenses:
Depreciation and amortization
36,656	33,355	33,380	34,967	33,972	35,280	38,042	50,421	38,095	40,986	41,509	42,157	42,449	43,374	42,064	39,218	37,879	37,011	36,327	36,451	36,151	36,408	36,694	36,630	40,624	39,724	35,348	35,513	36,178	27,416	34,591	32,465	33,231	20,038	33,487	33,457	32,951	15,551	35,921	37,685	36,145	36,694	37,252
Operating
23,160	24,693	22,912	22,767	24,248	20,625	22,555	24,104	23,270	25,366	27,813	26,221	29,910	25,896	24,760	24,663	23,536	25,168	24,291	22,200	22,585	23,329	23,454	23,920	24,615	26,137	24,430	23,498	23,034	18,408	25,191	22,906	22,419	14,250	22,494	23,646	21,526	14,668	24,658	25,581	25,974	25,506	26,766
Real estate taxes, net
15,008	13,741	15,205	15,736	16,131	16,562	17,601	17,466	17,639	17,853	18,634	21,632	17,517	16,213	17,067	17,221	15,857	14,394	15,770	15,498	14,627	14,349	15,412	16,358	14,649	14,819	14,717	14,376	13,603	9,781	14,499	13,976	13,810	7,571	14,658	13,736	14,285	5,237	14,796	16,218	16,922	18,100	18,408
Impairment loss
44	0	0	0	74	7,722	2,398	0	0	245	0	26	14,986	55	0	0	43	0	0	153	0	-	0	0	-	0	2,358	165	56	0	197	2,536	6,852	-1,648	31,658	18,891	770	12,315	4,941	15,825	236	32,774	-
General and administrative
2,307	9,021	8,432	8,880	9,581	7,325	5,971	6,149	5,595	7,800	6,450	6,418	7,384	6,534	7,187	6,388	6,498	7,503	6,188	6,461	7,372	7,023	6,146	5,820	5,913	6,559	5,964	6,184	6,664	7,436	6,417	6,378	8,307	6,563	5,762	6,600	6,536	5,841	6,443	6,069	6,591	6,178	7,020
Total Operating Expenses
77,175	80,810	79,929	82,350	84,006	87,514	86,567	98,140	84,599	92,250	94,406	96,454	112,246	92,072	91,078	87,490	83,813	84,076	82,576	80,763	80,735	82,133	81,706	82,728	85,801	87,239	82,817	79,736	79,535	63,041	80,895	78,261	84,619	46,774	108,059	96,330	76,068	53,612	86,759	101,378	85,868	119,252	89,446
Other Income (Expense):
Operating Income
-	-	-	-	-	-	-	-	-	-	49,704	49,569	31,417	-	47,521	48,186	48,604	45,578	48,211	46,041	44,864	43,969	48,815	47,463	41,791	38,832	40,485	42,259	38,292	28,418	41,424	40,336	34,183	21,541	14,810	26,995	42,039	8,658	47,359	36,413	51,237	23,821	52,969
Interest expense, net
14,602	13,539	13,820	14,953	15,289	15,663	15,996	17,017	14,672	18,921	19,850	20,473	21,082	21,711	21,843	18,558	20,891	20,426	20,607	20,292	26,458	21,462	24,373	24,310	24,580	27,830	26,018	27,025	15,439	18,841	27,482	28,628	31,297	21,273	35,475	37,036	36,694	33,915	36,579	37,280	37,617	36,431	39,377
Interest and other (expense) income, net
-5,828	3,594	1,104	1,921	4,384	-1,928	1,847	1,355	1,533	3,322	1,398	1,190	1,622	70	1,268	361	211	2,311	-888	418	2,722	863	96	803	1,994	1,898	1,864	2,097	1,826	1,261	1,818	582	2,386	2,075	-494	1,423	2,055	2,918	3,070	972	2,863	3,596	3,645
Income from Continuing Operations
-	-	-	-	-	-	-	-	-	-	35,894	36,969	20,633	-	39,229	36,618	63,510	33,322	31,956	29,623	26,700	28,732	32,703	31,803	23,127	48,314	21,689	21,996	40,978	23,263	21,812	-3,126	14,931	6,198	-24,664	-4,849	11,113	-18,556	17,328	2,920	19,243	-1,165	36,242
Operating Income from Discontinued Operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	63	279	2,289	2,323	3,905	3,697	12,672	5,074	4,539	3,633	16,594	-12,272	7,652	5,015	25,249	1,787	138	31	-722	1,810
Gain on Sale of Property from Discontinued Operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	3,370	41,212	2,977	38,214	78,012	0	18,895	14,826	31,264	3,634	-	586	0	-	196	279	618	0	398	6,248
Income from Discontinued Operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	3,433	41,491	5,266	40,537	81,917	3,697	31,567	19,900	35,803	7,267	26,656	-11,686	7,652	5,015	25,724	1,787	756	31	-324	8,058
Gain on sale of property
13,576	45,951	74,115	52,061	17,787	34,788	17,079	46,953	109,045	132,045	38,579	32,224	15,763	32,416	22,108	1,033	45,157	15,704	13,232	8,163	22,522	74,883	69,496	1,748	163	192	163	265	142	145	335	84	440	-284	392	136	1,060	1,037	126	-6	848	994	4,886
Loss on Redemption of Convertible Senior Unsecured Notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-135	-	16,453	8,858
Gain on sale and acquisition of real estate joint venture and partnership interests
-	-	-	-	-	-	-	-	-	-	-	-	-	1,915	9,015	0	37,392	0	0	18	861	0	0	1,718	0	22,071	7	83	11,509	8,641	0	0	5,562	-	0	0	-	-	-	-	-	-	-
Total Other (Expense) Income
-6,854	36,006	61,399	39,029	6,882	17,197	2,930	31,291	95,906	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income Before Income Taxes and Equity in Earnings of Real Estate Joint Ventures and Partnerships
27,323	74,661	102,832	79,339	46,014	57,502	45,153	75,237	143,759	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on Acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,869	-	-	-	0	-	-	-	-	-	-	-	-
Gain on Land and Merchant Development Sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	491	4,006
Provision for Income Taxes
172	358	21	484	177	10	-99	684	783	2,018	577	747	-3,359	-164	1,105	16	5,899	-239	-144	-226	661	624	-284	-2,081	480	7,302	-226	147	-177	-496	722	-279	-22	37	471	-190	-316	-215	-23	-320	476	4,332	-2,257
Equity in Earnings of Real Estate Joint Ventures and Partnerships, net
27,097	2,989	5,698	6,665	5,417	5,737	8,022	5,318	5,993	9,108	5,219	7,430	5,317	5,531	4,373	6,645	4,093	5,620	5,096	3,212	5,372	5,986	7,881	4,048	4,402	20,645	5,125	4,729	4,613	5,157	4,905	-15,695	4,075	3,892	-3,034	3,579	3,397	3,568	3,455	2,630	3,236	-4,763	3,884
Net Income
54,248	77,292	108,509	85,520	51,254	63,229	53,274	79,871	148,969	170,653	74,473	69,193	36,396	69,176	61,337	37,651	108,667	49,026	45,188	37,786	49,222	103,615	102,199	36,984	64,781	53,772	62,389	104,178	44,817	54,975	42,047	32,761	22,638	32,570	-35,958	2,939	17,188	8,205	19,241	3,670	20,122	-495	49,186
Less: Net Income Attributable to Noncontrolling Interests
1,626	2,074	1,767	1,711	1,588	3,722	10,293	1,582	2,145	2,686	1,844	5,341	5,570	25,034	9,436	1,835	1,593	1,751	1,787	1,757	1,575	14,635	1,870	1,588	1,478	3,838	1,847	37,742	1,467	1,224	1,774	1,342	1,441	1,528	-2,738	1,236	1,092	1,939	1,712	367	1,014	20	1,079
Net Income Adjusted for Noncontrolling Interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	47,275	43,401	36,029	47,647	88,980	100,329	35,396	63,303	49,934	60,542	66,436	43,350	53,751	40,273	31,419	21,197	31,042	-33,220	1,703	16,096	6,266	17,529	3,303	19,108	-515	48,107
Dividends on Preferred Shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,120	2,710	2,710	2,710	2,710	2,710	2,710	2,710	5,313	7,440	8,323	8,869	8,869	8,869	8,869	8,869	8,869	8,869	8,869	8,869	8,869	8,869	8,869	8,869
Redemption Costs of Preferred Shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	9,687	-	-	0	0	-	0	0	15,702	2,242	2,500	0	0	0	-	-	-	-	-	-	-	-	-	-
Net Income Attributable to Common Shareholders
52,622	75,218	106,742	83,809	49,666	59,507	42,981	78,289	146,824	167,967	72,629	63,852	30,826	44,142	51,901	35,816	107,074	47,275	43,401	25,222	44,937	86,270	97,619	32,686	60,593	47,224	57,832	45,421	33,668	42,928	31,404	22,550	12,328	22,173	-42,089	-7,166	7,227	-2,603	8,660	-5,566	10,239	-9,384	39,238
Earnings Per Common Share - Basic:
Income from continuing operations attributable to common shareholders (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.71	0.80	0.24	0.16	0.37	0.14	0.00	0.25	0.09	0.10	-0.10	0.04	-0.03	-0.25	-0.12	0.02	-0.24	0.06	-0.05	0.09	-0.08	0.28
Income from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.03	0.34	0.02	0.34	0.37	0.03	0.26	0.16	0.29	0.06	0.21	-0.10	0.06	0.04	0.21	0.01	0.01	0.00	-	0.07
Net income attributable to common shareholders (dollars per share)
0.41	0.59	0.83	0.66	0.39	0.47	0.34	0.61	1.15	1.31	0.57	0.50	0.24	0.34	0.41	0.28	0.87	0.39	0.35	0.20	0.37	0.71	0.80	0.27	0.50	0.39	0.48	0.37	0.28	0.35	0.26	0.19	0.10	0.18	-0.35	-0.06	0.06	-0.02	0.07	-0.05	0.09	-0.08	0.35
Earnings Per Common Share - Diluted:
Income from continuing operations attributable to common shareholders (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.71	0.79	0.24	0.15	0.36	0.14	0.00	0.25	0.09	0.10	-0.10	0.04	-0.03	-0.25	-0.12	0.02	-0.23	0.06	-0.05	0.08	-0.08	0.28
Income from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	0.00	0.03	0.34	0.02	0.33	0.37	0.03	0.26	0.16	0.29	0.06	0.21	-0.10	0.06	0.04	0.21	0.01	0.01	0.00	-	0.07
Net income attributable to common shareholders (dollars per share)
0.41	0.58	0.82	0.65	0.39	0.47	0.34	0.61	1.13	1.31	0.56	0.49	0.24	0.34	0.40	0.28	0.85	0.38	0.35	0.20	0.36	0.70	0.79	0.27	0.49	0.38	0.47	0.37	0.28	0.35	0.26	0.19	0.10	0.18	-0.35	-0.06	0.06	-0.01	0.07	-0.05	0.08	-0.08	0.35
Net Income
54,248	77,292	108,509	85,520	51,254	63,229	53,274	79,871	148,969	170,653	74,473	69,193	36,396	-	61,337	37,651	-	-	-	-	-	-	-	-	-	-	-	-	-	-	42,047	32,761	22,638	-	-35,958	2,939	17,188	8,205	19,241	3,670	20,122	-495	49,186
Other Comprehensive Income:
Net unrealized loss on investments, net of taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Net unrealized gain (loss) on derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-49	-148	16	-	-542	-401	111	-	-262	0	-	-	-
Amortization of loss on derivatives
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	664	662	659	-	654	-619	-619	3,095	-619	-619	709	620	623
Retirement liability adjustment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Total
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	615	514	675	-	-	-	-	-	-	-	-	-	-
Comprehensive Income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	42,662	33,275	23,313	-	-35,846	3,157	17,918	8,704	19,598	4,289	20,831	125	49,809
Comprehensive Income Attributable to Noncontrolling Interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,774	1,342	1,441	-	-2,738	1,236	1,092	3,967	1,712	367	-1,014	-20	-1,079
Comprehensive Income Adjusted for Noncontrolling Interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40,888	31,933	21,872	-	-33,108	1,921	16,826	6,765	17,886	3,922	19,817	105	48,730