Financial Information
Trend Analysis--Quarterly (click here for Annual Analysis)

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


Funds From Operations
 2017 Q12016 Q1Y-Y
Ch (%)
2016 Q4Q-Q
Ch (%)
Funds from Operations ($000)56,315(11,677)NM63,139(43.23)
FFO per Share ($)0.32(0.07)NM0.35(34.29)
AFFO per ShareNA0.20NANANA
Income Statement ($000)
 2017 Q12016 Q1Y-Y
Ch (%)
2016 Q4Q-Q
Ch (%)
Rental Revenue123,540130,511(5.34)121,3757.13
Partnership Income(748)(403)85.61(2,180)(262.75)
Total Revenue128,11867,81988.91127,0743.29
Rental Operating Expense48,63452,765(7.83)50,037(11.22)
Expenses128,752142,894(9.90)151,317(59.65)
Net Income21,27146,310(54.07)(12,370)NM
Rental NOI74,90677,746(3.65)71,33820.01
Diluted EPS before Extraordinary Items ($)0.110.25(56.00)(0.08)NM
Diluted EPS after Extraordinary Items ($)0.110.25(56.00)(0.08)NM
Dividends Declared per Common Share ($)0.16000.15006.670.16000.00
Avg Diluted Shares Out (actual)176,201,872175,471,4130.42175,140,7602.42
Balance Sheet ($000)
 2017 Q12016 Q1Y-Y
Ch (%)
2016 Q4Q-Q
Ch (%)
Properties at Cost: Operational3,702,2043,703,193(0.03)3,586,29512.93
Accumulated Depreciation864,196891,263(3.04)852,4765.50
Net Properties: Operational2,838,0082,811,9300.932,733,81915.24
Land Held for Development153,268132,74715.46150,9706.09
Total Real Estate Investments3,431,4873,542,992(3.15)3,508,680(8.80)
Total Assets4,101,8624,378,064(6.31)4,099,2130.26
Total Debt2,012,6712,184,948(7.88)2,013,112(0.09)
Total Liabilities2,222,2962,413,774(7.93)2,215,7761.18
Common Equity1,762,4771,846,017(4.53)1,766,344(0.88)
Common Shares Outstanding (actual)174,265,465174,043,4250.13174,241,3030.06
Convertible Operating Partnership Units (actual)1,479,7991,535,102(3.60)1,479,7990.00
Same Store Operations
 2017 Q12016 Q1Y-Y
Ch (bp)
2016 Q4Q-Q
Ch (bp)
Same-store NOI: Change from Prior (%)11.602.808805.50610
EBITDA
 2017 Q12016 Q1Y-Y
Ch (bp)
2016 Q4Q-Q
Ch (bp)
Recurring EBITDA/ Interest Expense (x)3.042.83213.28(24)
Recurring EBITDA/ Interest & Preferred Dividends (x)2.822.64173.03(21)
Income Statement Ratios
 2017 Q12016 Q1Y-Y
Ch (bp)
2016 Q4Q-Q
Ch (bp)
Dividend Payout to FFO (%)50.00 NM NM45.7138
G&A/ Revenue (%)7.3613.45(45)4.63235
Profitability Ratios
 2017 Q12016 Q1Y-Y
Ch (bp)
2016 Q4Q-Q
Ch (bp)
Return on Average Assets (%)2.074.15(207)(1.20)328
Return on Average Equity (%)4.529.46(494)(2.61)713
   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.



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