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For the definition of a financial field, click on the field name. For definition of FFO and EBITDA refer to the Non-GAAP Financial Measure section under Selected Financial Data.

All references to earnings per share are diluted earnings per share.
Trend Analysis--Quarterly (click here for Annual Analysis)

For the definition of a financial field, click on the field name.


Funds From Operations
 2019 Q12018 Q1Y-Y
Ch (%)
2018 Q4Q-Q
Ch (%)
Funds from Operations ($000)29,95329,8030.5032,178(27.66)
FFO per Share ($)0.750.750.000.81(29.63)
AFFO per ShareNANANANANA
Income Statement ($000)
 2019 Q12018 Q1Y-Y
Ch (%)
2018 Q4Q-Q
Ch (%)
Rental Revenue28,02434,505(18.78)32,759(57.82)
Partnership Income1,08563171.95761170.30
Total Revenue46,54142,4419.6644,34819.78
Rental Operating Expense4,3860NM0NM
Expenses26,11422,08218.2621,48886.11
Net Income20,42720,3590.3330,844(135.09)
Rental NOI23,63834,505(31.49)32,759(111.37)
Diluted EPS before Extraordinary Items ($)0.510.510.000.77(135.06)
Diluted EPS after Extraordinary Items ($)0.510.510.000.77(135.06)
Dividends Declared per Common Share ($)0.57000.57000.000.57000.00
Avg Diluted Shares Out (actual)39,874,00039,454,0001.0639,849,0000.25
Balance Sheet ($000)
 2019 Q12018 Q1Y-Y
Ch (%)
2018 Q4Q-Q
Ch (%)
Properties at Cost: Operational1,415,3431,329,3726.471,374,52411.88
Accumulated Depreciation322,535292,22210.37312,95912.24
Net Properties: Operational1,092,8081,037,1505.371,061,56511.77
Land Held for Development000.0000.00
Total Real Estate Investments1,413,9771,366,1353.501,392,8506.07
Total Assets1,496,3661,479,1301.171,513,620(4.56)
Total Debt677,245687,388(1.48)645,02919.98
Total Liabilities708,213722,267(1.95)680,64916.20
Common Equity779,761753,3753.50825,490(22.16)
Common Shares Outstanding (actual)39,738,69539,628,8350.2839,656,7370.83
Convertible Operating Partnership Units (actual)000.0000.00
Same Store Operations
 2019 Q12018 Q1Y-Y
Ch (bp)
2018 Q4Q-Q
Ch (bp)
Same-store NOI: Change from Prior (%)NANANANANA
EBITDA
 2019 Q12018 Q1Y-Y
Ch (bp)
2018 Q4Q-Q
Ch (bp)
Recurring EBITDA/ Interest Expense (x)3.744.81(107)5.04(131)
Recurring EBITDA/ Interest & Preferred Dividends (x)3.744.81(107)5.04(131)
Income Statement Ratios
 2019 Q12018 Q1Y-Y
Ch (bp)
2018 Q4Q-Q
Ch (bp)
Dividend Payout to FFO (%)76.0076.00070.3732
G&A/ Revenue (%)9.8211.30(13)10.83(37)
Profitability Ratios
 2019 Q12018 Q1Y-Y
Ch (bp)
2018 Q4Q-Q
Ch (bp)
Return on Average Assets (%)5.435.53(10)8.09(266)
Return on Average Equity (%)10.0810.75(67)14.90(482)
   Q-Q Ch(%)= most recent quarter minus prior quarter annualized e.g. [(Q4-Q3)/Q3]*4

  * Percentages presented for individual quarters are annualized by taking the quarter amount and multiplying by four.