Income Statement

 2013 Y 2014 Y 2015 Y 2016 Y
Period Ended12/31/201312/31/201412/31/201512/31/2016
  
Revenues ($000)   
Interest Income6702,9061,10326
Rental Revenue53,633132,825148,396133,602
Operating RE Revenue2,25422,74226,12526,542
Partnership Income (95) (1,499) 1,9392,724
Property Management Revenue0000
Franchise Fees0000
Nonrecurring Revenue2,50000130
Other Noninterest Income0000
Revenue58,962156,974177,563163,024
  
  
Expenses ($000)   
Interest Expense10,67320,12028,26236,981
Rental Operating Expense12,54637,20943,75243,561
Operating RE Expense2,37223,73625,36626,753
Real Estate Depreciation & Amortization31,75184,79982,71668,952
Provision for Loan Losses0000
Advisory Fees08,39712,46513,345
Non-Real Estate Depreciation0000
General & Administrative Expense1,01912,33727,34512,799
Property Acquisition Fees19,91716,0833,77119,708
Asset Writedowns00027,911
Other Nonrecurring Expense048,5791,1003,212
Other Expense (5) (1) 578331
Expense78,273251,259225,355253,553
  
  
Net Income ($000)   
Net Income before Gain on Sale of Real Estate(19,311)(94,285)(47,792)(90,529)
Gain on Sale of Real Estate007,5236,630
Total Minority Interest Expense0000
Provision for Taxes0000
Trust Preferred Distributions0000
Net Income before Extra(19,311)(94,285)(40,269)(83,899)
Extraordinary Items0000
Net Income(19,311)(94,285)(40,269)(83,899)
Net Income Attributable to Noncontrolling Int(32)(1,257)(1,188)(1,373)
Net Income Attributable to Parent(19,279)(93,028)(39,081)(82,526)
Preferred Dividends0000
Issue Costs of Redeemed Preferred Stock0000
Net Income Avail to Common(19,279)(93,028)(39,081)(82,526)
  
FFO16,43115,82160,75831,620
Adjusted FFONA66,96968,92435,446
Distributable IncomeNANANANA
  
  
Per Share Information ($)   
Diluted EPS after Extraordinary(0.26)(0.56)(0.24)(0.50)
FFO / ShareNA0.090.36NA
AFFO per ShareNA0.400.41NA
Distributable Income per ShareNANANANA
Regular Dividends Paid0.610.510.460.38
Regular Dividends Declared0.610.570.380.35
Total Dividends Paid0.610.510.460.38
Common Dividends Declared per Share0.610.570.380.35
Avg Diluted Shares Out (actual) 73,074,872166,959,316162,165,580164,949,461
  

Copyright 2017, © S&P Global Market Intelligence  Terms of Use