Investor Relations

Income Statement

Financial Highlights
2018 FQ3 YTD
9/30/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
2014 FY
12/31/2014
Revenues ($000)
Interest Income 0 0 26 1,103 2,906
Rental Revenue 0 0 133,602 148,396 132,825
Operating RE Revenue 0 0 26,542 26,125 22,742
Partnership Income NA NA 2,724 1,939 (1,499)
Property Management Revenue 0 0 0 0 0
Franchise Fees 0 0 0 0 0
Nonrecurring Revenue 0 0 130 0 0
Other Noninterest Income 0 0 0 0 0
Revenue 0 0 163,024 177,563 156,974
Expenses ($000)
Interest Expense 0 0 36,981 28,262 20,120
Rental Operating Expense 0 0 43,561 43,752 37,209
Operating RE Expense 0 0 26,753 25,366 23,736
Real Estate Depreciation & Amortization 0 0 68,952 82,716 84,799
Provision for Loan Losses 0 0 0 0 0
Advisory Fees 0 0 13,345 12,465 8,397
Non-Real Estate Depreciation 0 0 0 0 0
General & Administrative Expense 0 0 12,799 27,345 12,337
Property Acquisition Fees 0 0 19,708 3,771 16,083
Asset Writedowns 0 0 27,911 0 0
Other Nonrecurring Expense 0 0 3,212 1,100 48,579
Other Expense 0 0 331 578 (1)
Expense 0 0 253,553 225,355 251,259
Net Income ($000)
Net Income before Gain on Sale of Real Estate 0 0 (90,529) (47,792) (94,285)
Gain on Sale of Real Estate 0 0 6,630 7,523 0
Total Minority Interest Expense 0 0 0 0 0
Provision for Taxes 0 0 0 0 0
Trust Preferred Distributions 0 0 0 0 0
Net Income before Extra 0 0 (83,899) (40,269) (94,285)
Extraordinary Items 0 0 0 0 0
Net Income 0 0 (83,899) (40,269) (94,285)
Net Income Attributable to Noncontrolling Int 0 0 (1,373) (1,188) (1,257)
Net Income Attributable to Parent 0 0 (82,526) (39,081) (93,028)
Preferred Dividends 0 0 0 0 0
Issue Costs of Redeemed Preferred Stock 0 0 0 0 0
Net Income Avail to Common 0 0 (82,526) (39,081) (93,028)
FFO 0 0 31,620 60,758 15,821
Adjusted FFO 0 0 35,446 68,924 66,969
Distributable Income NA NA NA NA NA
Per Share Information ($)
Diluted EPS after Extraordinary 0 0 (5) (2.40) (5.60)
FFO/ Share 0 0 NA 3.60 0.90
AFFO per Share 0 0 NA 4.10 4
Distributable Income per Share NA NA NA NA NA
Regular Dividends Paid 0 0 3.83 4.60 5.07
Regular Dividends Declared 0 0 3.45 3.83 5.71
Total Dividends Paid 24.85 30.70 3.83 4.60 5.07
Common Dividends Declared per Share 24.85 30.70 3.45 3.83 5.71
Avg Diluted Shares Out(actual) NA NA 16,494,946 16,216,558 16,695,932
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.