Financial Highlights

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Trend Analysis--Quarterly
Annual Analysis

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


Funds from Operations
 2017 Q42016 Q4 Y-Y
Ch (%)
2017 Q3 Q-Q
Ch (%)
Funds from Operations ($000)313,795306,0012.55309,2505.88
FFO per Share ($)0.820.802.500.814.94
AFFO per ShareNANANANANA
Income Statement ($000)
 2017 Q42016 Q4 Y-Y
Ch (%)
2017 Q3 Q-Q
Ch (%)
Rental Revenue630,519605,2734.17623,9514.21
Partnership Income(1,222)(1,045)16.94(398)828.14
Total Revenue629,910610,1993.23627,6691.43
Rental Operating Expense180,813175,5682.99188,808(16.94)
Expenses515,356480,9447.16500,57311.81
Net Income130,084302,381(56.98)144,196(39.15)
Rental NOI449,706429,7054.65435,14313.39
Diluted EPS before Extraordinary Items ($)0.340.75(54.67)0.37(32.43)
Diluted EPS after Extraordinary Items ($)0.340.75(54.67)0.37(32.43)
Dividends Declared per Common Share ($)0.50380.50380.000.50380.00
Avg Diluted Shares Out (actual)383,105,315381,860,2040.33382,944,5130.17
Balance Sheet ($000)
 2017 Q42016 Q4 Y-Y
Ch (%)
2017 Q3 Q-Q
Ch (%)
Properties at Cost: Operational25,764,38624,630,4414.6025,556,4063.26
Accumulated Depreciation6,040,3785,360,38912.695,849,11013.08
Net Properties: Operational19,724,00819,270,0522.3619,707,2960.34
Land Held for Development62,53884,440(25.94)63,439(5.68)
Total Real Estate Investments20,044,77220,086,177(0.21)20,158,462(2.26)
Total Assets20,570,59920,704,148(0.65)20,697,833(2.46)
Total Debt8,957,2918,987,258(0.33)8,992,272(1.56)
Total Liabilities9,729,7819,801,072(0.73)9,823,516(3.82)
Common Equity10,205,18410,191,7980.1310,221,989(0.66)
Common Shares Outstanding (actual)368,018,082365,870,9240.59367,462,4800.60
Convertible Operating Partnership Units (actual)13,768,43814,626,075(5.86)13,809,987(1.20)
Same Store Operations
 2017 Q42016 Q4 Y-Y
Ch (bp)
2017 Q3 Q-Q
Ch (bp)
Same-store NOI: Change from Prior (%)2.101.90202.40(30)
EBITDA
 2017 Q42016 Q4 Y-Y
Ch (bp)
2017 Q3 Q-Q
Ch (bp)
Recurring EBITDA/ Interest Expense (x)4.264.1884.28(2)
Recurring EBITDA/ Interest & Preferred Dividends (x)4.234.1584.25(2)
Income Statement Ratios
 2017 Q42016 Q4 Y-Y
Ch (bp)
2017 Q3 Q-Q
Ch (bp)
Dividend Payout to FFO (%)61.4362.97(2)62.19(5)
G&A/ Revenue (%)5.184.66115.33(11)
Profitability Ratios
 2017 Q42016 Q4 Y-Y
Ch (bp)
2017 Q3 Q-Q
Ch (bp)
Return on Average Assets (%)2.525.76(324)2.79(27)
Return on Average Equity (%)4.9611.63(667)5.49(52)
   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.