| | | | 2005 Y
| 2006 Y
| 2007 Y
| 2008 Y
| | Period Ended | 12/31/2005 | 12/31/2006 | 12/31/2007 | 12/31/2008 | | Revenues ($000) | | Interest Income | 568 | 1,761 | 1,963 | 166 | | Rental Revenue | 441,197 | 448,763 | 502,101 | 509,384 | | Operating RE Revenue | 0 | 0 | 0 | 0 | | Partnership Income | 0 | 0 | 0 | 0 | | Property Management Revenue | NA | NA | NA | NA | | Franchise Fees | 0 | 0 | 0 | 0 | | Nonrecurring Revenue | 0 | 0 | 0 | 13,884 | | Other Noninterest Income | 2,023 | 3,468 | 1,124 | 400 | | Revenue | 443,788 | 453,992 | 505,188 | 523,834 | | | | Expenses ($000) | | Interest Expense | 97,898 | 106,773 | 119,383 | 118,959 | | Rental Operating Expense | 198,974 | 190,845 | 211,126 | 214,485 | | Operating RE Expense | 0 | 0 | 0 | 0 | | Real Estate Depreciation & Amortization | 87,803 | 93,868 | 108,280 | 114,260 | | Provision for Loan Losses | 0 | 0 | 0 | 0 | | Advisory Fees | 0 | 0 | 0 | 0 | | Other Depreciation & Amortization | 2,429 | 2,274 | 2,049 | 760 | | General & Administrative Expense | 19,652 | 22,626 | 23,413 | 25,491 | | Asset Writedowns | 400 | 0 | 0 | 4,000 | | Other Nonrecurring Expense | 0 | 0 | 0 | 0 | | Other Expense | 0 | 0 | 0 | 0 | | Expense | 407,156 | 416,386 | 464,251 | 477,955 | | | | Net Income ($000) | | Net Income before Gain on Sale of Real Estate | 36,645 | 37,606 | 40,937 | 45,879 | | Gain on Sale of Real Estate | 0 | 0 | 0 | 0 | | Total Minority Interest Expense | 10,015 | 9,614 | 10,824 | 13,361 | | Provision for Taxes | 0 | 0 | 0 | 0 | | Trust Preferred Distributions | 0 | 0 | 0 | 0 | | Net Income before Extraordinary | 26,630 | 27,992 | 30,113 | 32,518 | | Extraordinary Items | 54,882 | 82,493 | 31,431 | 37,148 | | Net Income | 81,512 | 110,485 | 61,544 | 69,666 | | Net Income Attributable to Noncontrolling Int | 0 | 0 | 0 | 0 | | Net Income Attributable to Parent | 81,512 | 110,485 | 61,544 | 69,666 | | Preferred Dividends | 6,279 | 5,400 | 1,290 | 0 | | Issue Costs of Redeemed Preferred Stock | 0 | 0 | 1,902 | 0 | | Net Income Avail to Common | 75,233 | 105,085 | 58,352 | 69,666 | | FFO | 137,606 | 137,319 | 150,177 | 160,948 | | Adjusted FFO | 115,720 | 125,530 | 122,429 | 133,476 | | Distributable Income | NA | NA | NA | NA | | | | Per Share Information ($) | | Diluted EPS after Extraordinary | 2.33 | 3.15 | 1.73 | 2.15 | | FFO /
Share | 2.84 | 3.07 | 3.20 | 3.57 | | Adjusted FFO per Share | 2.39 | 2.62 | 2.59 | 2.93 | | Distributable Income per Share | NA | NA | NA | NA | | Regular Dividends Paid | 2.53 | 2.57 | 2.61 | 2.65 | | Regular Dividends Declared | 2.53 | 2.57 | 2.61 | 2.65 | | Total Dividends Paid | 2.53 | 2.57 | 2.61 | 2.65 | | Common Dividends Declared | 2.53 | 2.57 | 2.61 | 2.65 | | Avg Diluted Shares Out
(actual)
| 32,328,105 | 33,337,557 | 33,794,526 | 32,332,688 | | |
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