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
 2018 Q12017 Q1Y-Y
Ch (%)
2017 Q4Q-Q
Ch (%)
Funds from Operations ($000)139,301134,4853.58137,0346.62
FFO per Share ($)0.470.454.440.468.70
AFFO per Share0.450.434.650.4228.57
Income Statement ($000)
 2018 Q12017 Q1Y-Y
Ch (%)
2017 Q4Q-Q
Ch (%)
Rental Revenue250,483241,2713.82250,1160.59
Partnership Income(1,677)(960)74.69(1,184)166.55
Total Revenue254,387243,3094.55267,044(18.96)
Rental Operating Expense75,87871,4796.1575,4902.06
Expenses235,235228,8712.78239,804(7.62)
Net Income89,22528,396214.2275,62771.92
Rental NOI174,605169,7922.83174,626(0.05)
Diluted EPS before Extraordinary Items ($)0.300.09233.330.2580.00
Diluted EPS after Extraordinary Items ($)0.300.09233.330.2580.00
Dividends Declared per Common Share ($)0.32250.31004.030.310016.13
Avg Diluted Shares Out (actual)269,207,847268,688,2250.19269,221,030(0.02)
Balance Sheet ($000)
 2018 Q12017 Q1Y-Y
Ch (%)
2017 Q4Q-Q
Ch (%)
Properties at Cost: Operational9,558,7449,393,7321.769,584,716(1.08)
Accumulated Depreciation3,407,0253,026,66012.573,326,3129.71
Net Properties: Operational6,151,7196,367,072(3.38)6,258,404(6.82)
Land Held for Development109,122111,028(1.72)109,468(1.26)
Total Real Estate Investments7,567,9737,599,689(0.42)7,587,339(1.02)
Total Assets7,709,0487,735,911(0.35)7,733,273(1.25)
Total Debt3,680,6733,537,2924.053,671,6630.98
Total Liabilities3,947,1503,791,2224.113,949,771(0.27)
Common Equity2,831,2592,989,707(5.30)2,779,5997.43
Common Shares Outstanding (actual)267,583,892267,398,8190.07267,822,069(0.36)
Convertible Operating Partnership Units (actual)24,596,29424,952,517(1.43)24,614,173(0.29)
Same Store Operations
 2018 Q12017 Q1Y-Y
Ch (bp)
2017 Q4Q-Q
Ch (bp)
Same-store NOI: Change from Prior (%)2.704.90(220)3.10(40)
EBITDA
 2018 Q12017 Q1Y-Y
Ch (bp)
2017 Q4Q-Q
Ch (bp)
Recurring EBITDA/ Interest Expense (x)5.275.2435.1511
Recurring EBITDA/ Interest & Preferred Dividends (x)5.115.0835.0010
Income Statement Ratios
 2018 Q12017 Q1Y-Y
Ch (bp)
2017 Q4Q-Q
Ch (bp)
Dividend Payout to FFO (%)68.6268.89(0)67.397
G&A/ Revenue (%)7.338.10(10)6.6739
Profitability Ratios
 2018 Q12017 Q1Y-Y
Ch (bp)
2017 Q4Q-Q
Ch (bp)
Return on Average Assets (%)4.621.473153.9072
Return on Average Equity (%)12.483.7087710.64184
   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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