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 Q32015 Q3Y-Y
Ch (%)
2016 Q2Q-Q
Ch (%)
Funds from Operations ($000)135,933113,65919.60130,48516.70
FFO per Share ($)0.460.429.520.4418.18
AFFO per Share0.410.3710.810.410.00
Income Statement ($000)
 2016 Q32015 Q3Y-Y
Ch (%)
2016 Q2Q-Q
Ch (%)
Rental Revenue240,255217,76510.33236,1686.92
Partnership Income25,7322,691856.2232531,270.15
Total Revenue267,733224,51119.25239,65146.87
Rental Operating Expense71,53566,8397.0370,7454.47
Expenses227,726211,4497.70227,804(0.14)
Net Income29,46613,695115.1619,564202.45
Rental NOI168,720150,92611.79165,4237.97
Diluted EPS before Extraordinary Items ($)0.100.05100.000.06266.67
Diluted EPS after Extraordinary Items ($)0.100.05100.000.06266.67
Dividends Declared per Common Share ($)0.29500.27756.310.29500.00
Avg Diluted Shares Out (actual)268,305,048261,207,0062.72268,174,2430.20
Balance Sheet ($000)
 2016 Q32015 Q3Y-Y
Ch (%)
2016 Q2Q-Q
Ch (%)
Properties at Cost: Operational8,984,3698,162,46310.079,073,474(3.93)
Accumulated Depreciation2,849,9022,557,49011.432,842,2731.07
Net Properties: Operational6,134,4675,604,9739.456,231,201(6.21)
Land Held for Development111,02878,08542.19111,0280.00
Total Real Estate Investments7,417,9986,762,8929.697,423,236(0.28)
Total Assets7,651,1696,922,73010.527,610,0822.16
Total Debt3,544,3903,513,2340.893,465,1779.14
Total Liabilities3,824,4153,735,3542.383,731,2289.99
Common Equity2,876,4482,827,9021.722,900,218(3.28)
Common Shares Outstanding (actual)267,222,186262,015,2371.99267,058,5780.25
Convertible Operating Partnership Units (actual)25,027,9429,053,299176.4525,189,192(2.56)
Same Store Operations
 2016 Q32015 Q3Y-Y
Ch (bp)
2016 Q2Q-Q
Ch (bp)
Same-store NOI: Change from Prior (%)6.407.30(90)5.7070
EBITDA
 2016 Q32015 Q3Y-Y
Ch (bp)
2016 Q2Q-Q
Ch (bp)
Recurring EBITDA/ Interest Expense (x)5.924.491434.9498
Recurring EBITDA/ Interest & Preferred Dividends (x)5.754.361394.8095
Income Statement Ratios
 2016 Q32015 Q3Y-Y
Ch (bp)
2016 Q2Q-Q
Ch (bp)
Dividend Payout to FFO (%)64.1366.07(3)67.05(17)
G&A/ Revenue (%)7.049.53(26)7.23(10)
Profitability Ratios
 2016 Q32015 Q3Y-Y
Ch (bp)
2016 Q2Q-Q
Ch (bp)
Return on Average Assets (%)1.540.79751.0352
Return on Average Equity (%)4.011.912102.64137
   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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