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 Q32016 Q3 Y-Y
Ch (%)
2017 Q2 Q-Q
Ch (%)
Funds from Operations ($000)309,250295,8834.52294,59219.90
FFO per Share ($)0.810.775.190.7720.78
AFFO per ShareNANANANANA
Income Statement ($000)
 2017 Q32016 Q3 Y-Y
Ch (%)
2017 Q2 Q-Q
Ch (%)
Rental Revenue623,951605,8562.99612,2997.61
Partnership Income(398)(1,091)(63.52)(682)(166.57)
Total Revenue627,669601,1534.41613,0169.56
Rental Operating Expense188,808185,5591.75186,8194.26
Expenses500,573486,3952.91496,3393.41
Net Income144,196217,492(33.70)204,160(117.48)
Rental NOI435,143420,2973.53425,4809.08
Diluted EPS before Extraordinary Items ($)0.370.56(33.93)0.53(120.75)
Diluted EPS after Extraordinary Items ($)0.370.56(33.93)0.53(120.75)
Dividends Declared per Common Share ($)0.50383.5038(85.62)0.50380.00
Avg Diluted Shares Out (actual)382,944,513382,373,2940.15382,691,6180.26
Balance Sheet ($000)
 2017 Q32016 Q3 Y-Y
Ch (%)
2017 Q2 Q-Q
Ch (%)
Properties at Cost: Operational25,556,40624,485,0934.3825,051,5208.06
Accumulated Depreciation5,849,1105,255,96511.295,671,51012.53
Net Properties: Operational19,707,29619,229,1282.4919,380,0106.76
Land Held for Development63,43984,440(24.87)73,841(56.35)
Total Real Estate Investments20,158,46220,166,189(0.04)19,877,5535.65
Total Assets20,697,83321,297,744(2.82)20,636,5751.19
Total Debt8,992,2728,498,7875.818,964,0891.26
Total Liabilities9,823,51610,517,051(6.59)9,730,1993.84
Common Equity10,221,98910,078,2251.4310,253,225(1.22)
Common Shares Outstanding (actual)367,462,480365,657,0650.49367,298,7650.18
Convertible Operating Partnership Units (actual)13,809,98714,627,745(5.59)13,816,133(0.18)
Same Store Operations
 2017 Q32016 Q3 Y-Y
Ch (bp)
2017 Q2 Q-Q
Ch (bp)
Same-store NOI: Change from Prior (%)2.402.4001.30110
EBITDA
 2017 Q32016 Q3 Y-Y
Ch (bp)
2017 Q2 Q-Q
Ch (bp)
Recurring EBITDA/ Interest Expense (x)4.284.42(14)4.1810
Recurring EBITDA/ Interest & Preferred Dividends (x)4.254.38(14)4.1510
Income Statement Ratios
 2017 Q32016 Q3 Y-Y
Ch (bp)
2017 Q2 Q-Q
Ch (bp)
Dividend Payout to FFO (%)62.19455.03(86)65.42(20)
G&A/ Revenue (%)5.335.3105.74(29)
Profitability Ratios
 2017 Q32016 Q3 Y-Y
Ch (bp)
2017 Q2 Q-Q
Ch (bp)
Return on Average Assets (%)2.794.09(130)3.96(117)
Return on Average Equity (%)5.498.00(251)7.76(227)
   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.