Financial Highlights

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

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


Funds From Operations
 2016 Q22015 Q2Y-Y
Ch (%)
2016 Q1Q-Q
Ch (%)
Funds from Operations ($000)130,485111,20317.34125,90814.54
FFO per Share ($)0.440.417.320.439.30
AFFO per Share0.410.387.890.410.00
Income Statement ($000)
 2016 Q22015 Q2Y-Y
Ch (%)
2016 Q1Q-Q
Ch (%)
Rental Revenue236,168212,76411.00231,9577.26
Partnership Income325(573)NM679(208.54)
Total Revenue239,651215,67111.12235,9256.32
Rental Operating Expense70,74564,10110.3669,5756.73
Expenses227,804206,23310.46227,7940.02
Net Income19,56489,884(78.23)11,604274.39
Rental NOI165,423148,66311.27162,3827.49
Diluted EPS before Extraordinary Items ($)0.060.33(81.82)0.04200.00
Diluted EPS after Extraordinary Items ($)0.060.33(81.82)0.04200.00
Dividends Declared per Common Share ($)0.29500.27756.310.29500.00
Avg Diluted Shares Out (actual)268,174,243262,806,0272.04264,285,1315.89
Balance Sheet ($000)
 2016 Q22015 Q2Y-Y
Ch (%)
2016 Q1Q-Q
Ch (%)
Properties at Cost: Operational9,073,4748,332,6348.899,000,6523.24
Accumulated Depreciation2,842,2732,557,94911.122,743,46114.41
Net Properties: Operational6,231,2015,774,6857.916,257,191(1.66)
Land Held for Development111,02878,08542.19111,0280.00
Total Real Estate Investments7,423,2366,797,6399.207,446,895(1.27)
Total Assets7,610,0826,939,7309.667,601,5680.45
Total Debt3,465,1773,564,403(2.78)3,411,8256.25
Total Liabilities3,731,2283,790,950(1.58)3,657,1958.10
Common Equity2,900,2182,811,0713.172,926,409(3.58)
Common Shares Outstanding (actual)267,058,578259,091,2573.08267,137,288(0.12)
Convertible Operating Partnership Units (actual)25,189,1929,062,689177.9425,191,272(0.03)
Same Store Operations
 2016 Q22015 Q2Y-Y
Ch (bp)
2016 Q1Q-Q
Ch (bp)
Same-store NOI: Change from Prior (%)5.706.80(110)8.00(230)
EBITDA
 2016 Q22015 Q2Y-Y
Ch (bp)
2016 Q1Q-Q
Ch (bp)
Recurring EBITDA/ Interest Expense (x)4.944.45494.7024
Recurring EBITDA/ Interest & Preferred Dividends (x)4.804.31484.5623
Income Statement Ratios
 2016 Q22015 Q2Y-Y
Ch (bp)
2016 Q1Q-Q
Ch (bp)
Dividend Payout to FFO (%)67.0567.68(1)68.60(9)
G&A/ Revenue (%)7.239.04(20)8.57(63)
Profitability Ratios
 2016 Q22015 Q2Y-Y
Ch (bp)
2016 Q1Q-Q
Ch (bp)
Return on Average Assets (%)1.035.21(418)0.6142
Return on Average Equity (%)2.6412.68(1,004)1.58106
   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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