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 Q22016 Q2Y-Y
Ch (%)
2017 Q1Q-Q
Ch (%)
Funds from Operations ($000)57,57857,5240.0956,3158.97
FFO per Share ($)0.320.320.000.320.00
AFFO per ShareNA0.21NANANA
Income Statement ($000)
 2017 Q22016 Q2Y-Y
Ch (%)
2017 Q1Q-Q
Ch (%)
Rental Revenue119,735120,115(0.32)123,540(12.32)
Partnership Income1,084(1,666)NM(748)NM
Total Revenue126,713123,2132.84128,118(4.39)
Rental Operating Expense48,29347,5601.5448,634(2.80)
Expenses120,103126,937(5.38)128,752(26.87)
Net Income7,698(1,323)NM21,271(255.24)
Rental NOI71,44272,555(1.53)74,906(18.50)
Diluted EPS before Extraordinary Items ($)0.02(0.02)NM0.11(327.27)
Diluted EPS after Extraordinary Items ($)0.02(0.02)NM0.11(327.27)
Dividends Declared per Common Share ($)0.16000.16000.000.16000.00
Avg Diluted Shares Out (actual)176,756,598175,013,2911.00176,201,8721.26
Balance Sheet ($000)
 2017 Q22016 Q2Y-Y
Ch (%)
2017 Q1Q-Q
Ch (%)
Properties at Cost: Operational3,769,6783,721,4051.303,702,2047.29
Accumulated Depreciation882,228877,2360.57864,1968.35
Net Properties: Operational2,887,4502,844,1691.522,838,0086.97
Land Held for Development125,157131,015(4.47)153,268(73.36)
Total Real Estate Investments3,403,3223,513,808(3.14)3,431,487(3.28)
Total Assets3,872,4494,181,188(7.38)4,101,862(22.37)
Total Debt1,912,1722,034,621(6.02)2,012,671(19.97)
Total Liabilities2,114,7262,251,362(6.07)2,222,296(19.36)
Common Equity1,740,8201,812,400(3.95)1,762,477(4.92)
Common Shares Outstanding (actual)174,388,849174,199,7640.11174,265,4650.28
Convertible Operating Partnership Units (actual)1,479,7991,479,7990.001,479,7990.00
Same Store Operations
 2017 Q22016 Q2Y-Y
Ch (bp)
2017 Q1Q-Q
Ch (bp)
Same-store NOI: Change from Prior (%)10.500.501,00011.60(110)
EBITDA
 2017 Q22016 Q2Y-Y
Ch (bp)
2017 Q1Q-Q
Ch (bp)
Recurring EBITDA/ Interest Expense (x)3.423.27163.0438
Recurring EBITDA/ Interest & Preferred Dividends (x)3.373.02362.8256
Income Statement Ratios
 2017 Q22016 Q2Y-Y
Ch (bp)
2017 Q1Q-Q
Ch (bp)
Dividend Payout to FFO (%)50.0050.00050.000
G&A/ Revenue (%)4.994.9317.36(129)
Profitability Ratios
 2017 Q22016 Q2Y-Y
Ch (bp)
2017 Q1Q-Q
Ch (bp)
Return on Average Assets (%)0.77(0.12)902.07(130)
Return on Average Equity (%)1.69(0.27)1964.52(283)
   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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