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
 2017 Q12016 Q1Y-Y
Ch (%)
2016 Q4Q-Q
Ch (%)
Funds from Operations ($000)134,485125,9086.81138,487(11.56)
FFO per Share ($)0.450.434.650.47(17.02)
AFFO per Share0.430.414.880.4030.00
Income Statement ($000)
 2017 Q12016 Q1Y-Y
Ch (%)
2016 Q4Q-Q
Ch (%)
Rental Revenue241,271231,9574.02240,0811.98
Partnership Income(960)679NM(440)472.73
Total Revenue243,309235,9253.13245,485(3.55)
Rental Operating Expense71,47969,5752.7471,1701.74
Expenses228,871227,7940.47223,21710.13
Net Income28,39611,604144.71259,746(356.27)
Rental NOI169,792162,3824.56168,9112.09
Diluted EPS before Extraordinary Items ($)0.090.04125.000.88(359.09)
Diluted EPS after Extraordinary Items ($)0.090.04125.000.88(359.09)
Dividends Declared per Common Share ($)0.31000.29505.080.295020.34
Avg Diluted Shares Out (actual)268,688,225264,285,1311.67271,551,437(4.22)
Balance Sheet ($000)
 2017 Q12016 Q1Y-Y
Ch (%)
2016 Q4Q-Q
Ch (%)
Properties at Cost: Operational9,393,7329,000,6524.379,271,8475.26
Accumulated Depreciation3,026,6602,743,46110.322,923,07214.18
Net Properties: Operational6,367,0726,257,1911.766,348,7751.15
Land Held for Development111,028111,0280.00111,0280.00
Total Real Estate Investments7,599,6897,446,8952.057,538,9433.22
Total Assets7,735,9117,601,5681.777,679,5842.93
Total Debt3,537,2923,411,8253.683,401,47815.97
Total Liabilities3,791,2223,657,1953.663,673,13212.86
Common Equity2,989,7072,926,4092.163,046,652(7.48)
Common Shares Outstanding (actual)267,398,819267,137,2880.10267,259,4690.21
Convertible Operating Partnership Units (actual)24,952,51725,191,272(0.95)24,930,9800.35
Same Store Operations
 2017 Q12016 Q1Y-Y
Ch (bp)
2016 Q4Q-Q
Ch (bp)
Same-store NOI: Change from Prior (%)4.908.00(310)5.30(40)
EBITDA
 2017 Q12016 Q1Y-Y
Ch (bp)
2016 Q4Q-Q
Ch (bp)
Recurring EBITDA/ Interest Expense (x)5.244.70545.222
Recurring EBITDA/ Interest & Preferred Dividends (x)5.084.56525.062
Income Statement Ratios
 2017 Q12016 Q1Y-Y
Ch (bp)
2016 Q4Q-Q
Ch (bp)
Dividend Payout to FFO (%)68.8968.60062.7739
G&A/ Revenue (%)8.108.57(5)7.6722
Profitability Ratios
 2017 Q12016 Q1Y-Y
Ch (bp)
2016 Q4Q-Q
Ch (bp)
Return on Average Assets (%)1.470.618713.55(1,208)
Return on Average Equity (%)3.701.5821234.50(3,080)
   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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