Financial Highlights
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 ($000)61,83457,1988.1161,4882.25
FFO per Share ($)0.840.787.690.840.00
AFFO per Share0.720.6510.770.55123.64
Income Statement ($000)
 2017 Q12016 Q1Y-Y
Ch (%)
2016 Q4Q-Q
Ch (%)
Rental Revenue103,74599,7534.00103,0702.62
Partnership Income19,07111,90260.23(845)NM
Total Revenue132,765120,64510.05111,81774.94
Rental Operating Expense36,43434,7974.7035,35312.23
Expenses60,23259,0921.9359,4765.08
Net Income49,35557,176(13.68)19,708601.73
Rental NOI67,31164,9563.6367,717(2.40)
Diluted EPS before Extraordinary Items ($)0.670.78(14.10)0.27592.59
Diluted EPS after Extraordinary Items ($)0.670.78(14.10)0.27592.59
Dividends Declared per Common Share ($)0.45750.45001.670.45750.00
Avg Diluted Shares Out (actual)73,254,10573,080,9580.2473,205,0000.27
Balance Sheet ($000)
 2017 Q12016 Q1Y-Y
Ch (%)
2016 Q4Q-Q
Ch (%)
Properties at Cost: Operational000.0000.00
Accumulated Depreciation000.0000.00
Net Properties: Operational000.0000.00
Land Held for Development000.0000.00
Total Real Estate Investments5,451,6445,383,0681.275,443,4260.60
Total Assets5,503,5675,427,2731.415,486,5091.24
Total Debt2,007,1191,934,8573.732,001,2911.16
Total Liabilities2,150,5032,077,9483.492,146,9490.66
Common Equity3,353,0643,349,3250.113,339,5601.62
Common Shares Outstanding (actual)73,272,81873,114,5980.2273,233,8510.21
Convertible Operating Partnership Units (actual)000.0000.00
Same Store Operations
 2017 Q12016 Q1Y-Y
Ch (bp)
2016 Q4Q-Q
Ch (bp)
Same-store NOI: Change from Prior (%)1.100.101000.3080
EBITDA
 2017 Q12016 Q1Y-Y
Ch (bp)
2016 Q4Q-Q
Ch (bp)
Recurring EBITDA/ Interest Expense (x)3.563.94(38)2.01155
Recurring EBITDA/ Interest & Preferred Dividends (x)3.563.94(38)2.01155
Income Statement Ratios
 2017 Q12016 Q1Y-Y
Ch (bp)
2016 Q4Q-Q
Ch (bp)
Dividend Payout to FFO (%)54.4657.69(6)54.460
G&A/ Revenue (%)3.443.84(10)4.02(58)
Profitability Ratios
 2017 Q12016 Q1Y-Y
Ch (bp)
2016 Q4Q-Q
Ch (bp)
Return on Average Assets (%)3.594.22(62)1.44215
Return on Average Equity (%)5.906.85(95)2.36354
   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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