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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
 2018 Q42017 Q4Y-Y
Ch (%)
2018 Q3Q-Q
Ch (%)
Funds from Operations ($000)32,17830,4985.5130,01428.84
FFO per Share ($)0.810.775.190.7532.00
AFFO per ShareNANANANANA
Income Statement ($000)
 2018 Q42017 Q4Y-Y
Ch (%)
2018 Q3Q-Q
Ch (%)
Rental Revenue32,75934,124(4.00)34,211(16.98)
Partnership Income76162821.187468.04
Total Revenue44,34842,3574.7042,52217.18
Rental Operating Expense000.0000.00
Expenses21,48821,2830.9621,938(8.20)
Net Income30,84419,83455.5134,937(46.86)
Rental NOI32,75934,124(4.00)34,211(16.98)
Diluted EPS before Extraordinary Items ($)0.770.5054.000.88(50.00)
Diluted EPS after Extraordinary Items ($)0.770.5054.000.88(50.00)
Dividends Declared per Common Share ($)0.57000.57000.000.57000.00
Avg Diluted Shares Out (actual)39,849,00039,645,0000.5139,865,000(0.16)
Balance Sheet ($000)
 2018 Q42017 Q4Y-Y
Ch (%)
2018 Q3Q-Q
Ch (%)
Properties at Cost: Operational1,374,5241,364,1610.761,374,4220.03
Accumulated Depreciation312,959304,1172.91304,33711.33
Net Properties: Operational1,061,5651,060,0440.141,070,085(3.18)
Land Held for Development000.0000.00
Total Real Estate Investments1,392,8501,356,2962.701,392,8050.01
Total Assets1,513,6201,465,5703.281,535,851(5.79)
Total Debt645,029667,502(3.37)670,986(15.47)
Total Liabilities680,649706,922(3.72)712,558(17.91)
Common Equity825,490755,1609.31815,8424.73
Common Shares Outstanding (actual)39,656,73739,570,2720.2239,656,7370.00
Convertible Operating Partnership Units (actual)000.0000.00
Same Store Operations
 2018 Q42017 Q4Y-Y
Ch (bp)
2018 Q3Q-Q
Ch (bp)
Same-store NOI: Change from Prior (%)NANANANANA
EBITDA
 2018 Q42017 Q4Y-Y
Ch (bp)
2018 Q3Q-Q
Ch (bp)
Recurring EBITDA/ Interest Expense (x)5.044.9785.014
Recurring EBITDA/ Interest & Preferred Dividends (x)5.044.9785.014
Income Statement Ratios
 2018 Q42017 Q4Y-Y
Ch (bp)
2018 Q3Q-Q
Ch (bp)
Dividend Payout to FFO (%)70.3774.03(5)76.00(30)
G&A/ Revenue (%)10.8310.02811.47(23)
Profitability Ratios
 2018 Q42017 Q4Y-Y
Ch (bp)
2018 Q3Q-Q
Ch (bp)
Return on Average Assets (%)8.095.482619.21(112)
Return on Average Equity (%)14.9010.4744317.16(226)
   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.