XML 78 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Revenues:      
Rentals, net $ 503,128us-gaap_OperatingLeasesIncomeStatementLeaseRevenue $ 477,340us-gaap_OperatingLeasesIncomeStatementLeaseRevenue $ 439,993us-gaap_OperatingLeasesIncomeStatementLeaseRevenue
Other 11,278us-gaap_OtherRealEstateRevenue 11,855us-gaap_OtherRealEstateRevenue 11,184us-gaap_OtherRealEstateRevenue
Total 514,406us-gaap_RealEstateRevenueNet 489,195us-gaap_RealEstateRevenueNet 451,177us-gaap_RealEstateRevenueNet
Expenses:      
Depreciation and amortization 150,356us-gaap_CostOfServicesDepreciationAndAmortization 146,763us-gaap_CostOfServicesDepreciationAndAmortization 127,703us-gaap_CostOfServicesDepreciationAndAmortization
Operating 95,318us-gaap_OtherCostAndExpenseOperating 97,099us-gaap_OtherCostAndExpenseOperating 88,924us-gaap_OtherCostAndExpenseOperating
Real estate taxes, net 60,768us-gaap_RealEstateTaxExpense 57,515us-gaap_RealEstateTaxExpense 52,066us-gaap_RealEstateTaxExpense
Impairment loss 1,024wri_AssetImpairmentChargesContinuingOperations 2,579wri_AssetImpairmentChargesContinuingOperations 9,585wri_AssetImpairmentChargesContinuingOperations
General and administrative 24,902us-gaap_GeneralAndAdministrativeExpense 25,371us-gaap_GeneralAndAdministrativeExpense 28,538us-gaap_GeneralAndAdministrativeExpense
Total 332,368wri_CostofRevenueandOperatingExpenses 329,327wri_CostofRevenueandOperatingExpenses 306,816wri_CostofRevenueandOperatingExpenses
Operating Income 182,038us-gaap_OperatingIncomeLoss 159,868us-gaap_OperatingIncomeLoss 144,361us-gaap_OperatingIncomeLoss
Interest Expense, net (94,725)us-gaap_InterestAndDebtExpense (96,312)us-gaap_InterestAndDebtExpense (106,248)us-gaap_InterestAndDebtExpense
Interest and Other Income, net 3,756us-gaap_InvestmentIncomeNet 7,685us-gaap_InvestmentIncomeNet 6,047us-gaap_InvestmentIncomeNet
Gain on Sale and Acquisition of Real Estate Joint Venture and Partnership Interests 1,718us-gaap_EquityMethodInvestmentRealizedGainLossOnDisposal 33,670us-gaap_EquityMethodInvestmentRealizedGainLossOnDisposal 14,203us-gaap_EquityMethodInvestmentRealizedGainLossOnDisposal
Equity in Earnings (Losses) of Real Estate Joint Ventures and Partnerships, net 22,317us-gaap_IncomeLossFromEquityMethodInvestments 35,112us-gaap_IncomeLossFromEquityMethodInvestments (1,558)us-gaap_IncomeLossFromEquityMethodInvestments
Benefit (Provision) for Income Taxes 1,261us-gaap_IncomeTaxExpenseBenefit (7,046)us-gaap_IncomeTaxExpenseBenefit 75us-gaap_IncomeTaxExpenseBenefit
Income from Continuing Operations 116,365us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 132,977us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 56,880us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Operating Income from Discontinued Operations 342us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax 12,214us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax 25,918us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
Gain on Sale of Property from Discontinued Operations 44,582us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax 119,203us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax 68,619us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
Income from Discontinued Operations 44,924us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 131,417us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 94,537us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Gain on Sale of Property 146,290us-gaap_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes 762us-gaap_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes 1,004us-gaap_GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes
Net Income 307,579us-gaap_ProfitLoss 265,156us-gaap_ProfitLoss 152,421us-gaap_ProfitLoss
Less: Net Income Attributable to Noncontrolling Interests (19,571)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (44,894)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (5,781)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net Income Adjusted for Noncontrolling Interests 288,008us-gaap_NetIncomeLoss 220,262us-gaap_NetIncomeLoss 146,640us-gaap_NetIncomeLoss
Dividends on Preferred Shares (10,840)us-gaap_PreferredStockDividendsIncomeStatementImpact (18,173)us-gaap_PreferredStockDividendsIncomeStatementImpact (34,930)us-gaap_PreferredStockDividendsIncomeStatementImpact
Redemption Costs of Preferred Shares 0us-gaap_OtherPreferredStockDividendsAndAdjustments (17,944)us-gaap_OtherPreferredStockDividendsAndAdjustments (2,500)us-gaap_OtherPreferredStockDividendsAndAdjustments
Net Income Attributable to Common Shareholders $ 277,168us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 184,145us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 109,210us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Earnings Per Common Share - Basic:      
Income from continuing operations attributable to common shareholders $ 1.91us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.76us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.13us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Income from discontinued operations $ 0.37us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.76us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 0.77us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Net income attributable to common shareholders $ 2.28us-gaap_EarningsPerShareBasic $ 1.52us-gaap_EarningsPerShareBasic $ 0.90us-gaap_EarningsPerShareBasic
Earnings Per Common Share - Diluted:      
Income from continuing operations attributable to common shareholders $ 1.89us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.75us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.13us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Income from discontinued operations $ 0.36us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.75us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 0.77us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Net income attributable to common shareholders $ 2.25us-gaap_EarningsPerShareDiluted $ 1.50us-gaap_EarningsPerShareDiluted $ 0.90us-gaap_EarningsPerShareDiluted