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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 Q32018 Q3Y-Y
Ch (%)
2019 Q2Q-Q
Ch (%)
Funds from Operations ($000)30,88830,0142.9129,80614.52
FFO per Share ($)0.770.752.670.7510.67
AFFO per ShareNANANANANA
Income Statement ($000)
 2019 Q32018 Q3Y-Y
Ch (%)
2019 Q2Q-Q
Ch (%)
Rental Revenue38,66534,21113.0238,2774.05
Partnership Income7607461.881281,975.00
Total Revenue47,87942,52212.6046,39412.80
Rental Operating Expense4,2700NM3,91036.83
Expenses26,83521,93822.3226,3607.21
Net Income27,28034,937(21.92)20,534131.41
Rental NOI34,39534,2110.5434,3670.33
Diluted EPS before Extraordinary Items ($)0.680.88(22.73)0.51133.33
Diluted EPS after Extraordinary Items ($)0.680.88(22.73)0.51133.33
Dividends Declared per Common Share ($)0.57000.57000.000.57000.00
Avg Diluted Shares Out (actual)39,965,00039,865,0000.2539,769,0001.97
Balance Sheet ($000)
 2019 Q32018 Q3Y-Y
Ch (%)
2019 Q2Q-Q
Ch (%)
Properties at Cost: Operational1,457,3661,374,4226.031,440,1494.78
Accumulated Depreciation340,505304,33711.88332,3649.80
Net Properties: Operational1,116,8611,070,0854.371,107,7853.28
Land Held for Development000.0000.00
Total Real Estate Investments1,428,7891,392,8052.581,419,4762.62
Total Assets1,512,2311,535,851(1.54)1,499,4803.40
Total Debt685,223670,9862.12677,2314.72
Total Liabilities718,337712,5580.81711,8703.63
Common Equity785,434815,842(3.73)779,1713.22
Common Shares Outstanding (actual)39,751,70439,656,7370.2439,747,1910.05
Convertible Operating Partnership Units (actual)000.0000.00
Same Store Operations
 2019 Q32018 Q3Y-Y
Ch (bp)
2019 Q2Q-Q
Ch (bp)
Same-store NOI: Change from Prior (%)NANANANANA
EBITDA
 2019 Q32018 Q3Y-Y
Ch (bp)
2019 Q2Q-Q
Ch (bp)
Recurring EBITDA/ Interest Expense (x)4.965.01(5)4.888
Recurring EBITDA/ Interest & Preferred Dividends (x)4.965.01(5)4.888
Income Statement Ratios
 2019 Q32018 Q3Y-Y
Ch (bp)
2019 Q2Q-Q
Ch (bp)
Dividend Payout to FFO (%)74.0376.00(3)76.00(10)
G&A/ Revenue (%)9.9111.47(14)9.910
Profitability Ratios
 2019 Q32018 Q3Y-Y
Ch (bp)
2019 Q2Q-Q
Ch (bp)
Return on Average Assets (%)7.259.21(196)5.48176
Return on Average Equity (%)13.8017.16(336)10.42337
   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.