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 Q22016 Q2Y-Y
Ch (%)
2017 Q1Q-Q
Ch (%)
Funds from Operations ($000)134,009130,4852.70134,485(1.42)
FFO per Share ($)0.450.442.270.450.00
AFFO per Share0.430.414.880.430.00
Income Statement ($000)
 2017 Q22016 Q2Y-Y
Ch (%)
2017 Q1Q-Q
Ch (%)
Rental Revenue244,658236,1683.59241,2715.62
Partnership Income(1,426)325NM(960)194.17
Total Revenue247,068239,6513.09243,3096.18
Rental Operating Expense72,40470,7452.3571,4795.18
Expenses235,640227,8043.44228,87111.83
Net Income11,06219,564(43.46)28,396(244.18)
Rental NOI172,254165,4234.13169,7925.80
Diluted EPS before Extraordinary Items ($)0.030.06(50.00)0.09(266.67)
Diluted EPS after Extraordinary Items ($)0.030.06(50.00)0.09(266.67)
Dividends Declared per Common Share ($)0.31000.29505.080.31000.00
Avg Diluted Shares Out (actual)268,859,045268,174,2430.26268,688,2250.25
Balance Sheet ($000)
 2017 Q22016 Q2Y-Y
Ch (%)
2017 Q1Q-Q
Ch (%)
Properties at Cost: Operational9,423,1919,073,4743.859,393,7321.25
Accumulated Depreciation3,131,6032,842,27310.183,026,66013.87
Net Properties: Operational6,291,5886,231,2010.976,367,072(4.74)
Land Held for Development111,028111,0280.00111,0280.00
Total Real Estate Investments7,617,3467,423,2362.617,599,6890.93
Total Assets7,767,9347,610,0822.077,735,9111.66
Total Debt3,634,6483,465,1774.893,537,29211.01
Total Liabilities3,901,6693,731,2284.573,791,22211.65
Common Equity2,846,1572,900,218(1.86)2,989,707(19.21)
Common Shares Outstanding (actual)267,557,894267,058,5780.19267,398,8190.24
Convertible Operating Partnership Units (actual)24,834,40225,189,192(1.41)24,952,517(1.89)
Same Store Operations
 2017 Q22016 Q2Y-Y
Ch (bp)
2017 Q1Q-Q
Ch (bp)
Same-store NOI: Change from Prior (%)4.205.70(150)4.90(70)
EBITDA
 2017 Q22016 Q2Y-Y
Ch (bp)
2017 Q1Q-Q
Ch (bp)
Recurring EBITDA/ Interest Expense (x)5.304.94365.246
Recurring EBITDA/ Interest & Preferred Dividends (x)5.144.80345.086
Income Statement Ratios
 2017 Q22016 Q2Y-Y
Ch (bp)
2017 Q1Q-Q
Ch (bp)
Dividend Payout to FFO (%)68.8967.05368.890
G&A/ Revenue (%)7.357.2328.10(37)
Profitability Ratios
 2017 Q22016 Q2Y-Y
Ch (bp)
2017 Q1Q-Q
Ch (bp)
Return on Average Assets (%)0.571.03(46)1.47(90)
Return on Average Equity (%)1.492.64(115)3.70(221)
   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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