Financial Information
Trend Analysis--Quarterly (click here for Annual Analysis)

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


Funds From Operations
 2016 Q42015 Q4Y-Y
Ch (%)
2016 Q3Q-Q
Ch (%)
Funds from Operations ($000)63,13969,223(8.79)58,45032.09
FFO per Share ($)0.350.39(10.26)0.3324.24
AFFO per ShareNA0.13NANANA
Income Statement ($000)
 2016 Q42015 Q4Y-Y
Ch (%)
2016 Q3Q-Q
Ch (%)
Rental Revenue121,375146,883(17.37)122,472(3.58)
Partnership Income(2,180)1,024NM(2,016)32.54
Total Revenue130,172163,153(20.21)127,9696.89
Rental Operating Expense53,13562,422(14.88)51,31714.17
Expenses154,415236,905(34.82)130,64172.79
Net Income(12,370)(62,700)(80.27)7,884NM
Rental NOI68,24084,461(19.21)71,155(16.39)
Diluted EPS before Extraordinary Items ($)(0.08)(0.37)(78.38)0.03NM
Diluted EPS after Extraordinary Items ($)(0.08)(0.37)(78.38)0.03NM
Dividends Declared per Common Share ($)0.16000.15006.670.16000.00
Avg Diluted Shares Out (actual)175,140,760175,086,2980.03176,364,615(2.78)
Balance Sheet ($000)
 2016 Q42015 Q4Y-Y
Ch (%)
2016 Q3Q-Q
Ch (%)
Properties at Cost: Operational3,586,2953,693,000(2.89)3,686,339(10.86)
Accumulated Depreciation852,476867,035(1.68)869,836(7.98)
Net Properties: Operational2,733,8192,825,965(3.26)2,816,503(11.74)
Land Held for Development150,970130,47915.70155,297(11.15)
Total Real Estate Investments3,508,6804,050,215(13.37)3,519,114(1.19)
Total Assets4,099,2134,554,511(10.00)4,142,918(4.22)
Total Debt2,013,1122,384,717(15.58)2,013,561(0.09)
Total Liabilities2,215,7762,602,420(14.86)2,231,344(2.79)
Common Equity1,766,3441,833,925(3.69)1,794,285(6.23)
Common Shares Outstanding (actual)174,241,303173,942,8820.17174,241,3030.00
Convertible Operating Partnership Units (actual)1,479,7991,535,102(3.60)1,479,7990.00
Same Store Operations
 2016 Q42015 Q4Y-Y
Ch (bp)
2016 Q3Q-Q
Ch (bp)
Same-store NOI: Change from Prior (%)5.506.30(80)1.30420
EBITDA
 2016 Q42015 Q4Y-Y
Ch (bp)
2016 Q3Q-Q
Ch (bp)
Recurring EBITDA/ Interest Expense (x)3.282.83443.198
Recurring EBITDA/ Interest & Preferred Dividends (x)3.032.67362.967
Income Statement Ratios
 2016 Q42015 Q4Y-Y
Ch (bp)
2016 Q3Q-Q
Ch (bp)
Dividend Payout to FFO (%)45.7138.461948.48(23)
G&A/ Revenue (%)4.524.4814.3120
Profitability Ratios
 2016 Q42015 Q4Y-Y
Ch (bp)
2016 Q3Q-Q
Ch (bp)
Return on Average Assets (%)(1.20)(5.41)4210.76(196)
Return on Average Equity (%)(2.61)(12.55)9941.64(425)
   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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