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

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Funds From Operations
 2015 Q42014 Q4Y-Y
Ch (%)
2015 Q3Q-Q
Ch (%)
Funds from Operations ($000)39,81235,59411.8538,9578.78
FFO per Share ($)0.340.319.680.3312.12
FAD per share0.130.128.330.1233.33
Income Statement ($000)
 2015 Q42014 Q4Y-Y
Ch (%)
2015 Q3Q-Q
Ch (%)
Rental Revenue110,856114,995(3.60)110,5741.02
Partnership Income1,281(185)NM3391,111.50
Total Revenue112,306121,843(7.83)112,485(0.64)
Rental Operating Expense41,07048,468(15.26)43,597(23.19)
Expenses115,169147,919(22.14)116,521(4.64)
Net Income9,76044,252(77.94)42,824(308.84)
Rental NOI69,78666,5274.9066,97716.78
Diluted EPS after Extraordinary Items ($)0.080.38(78.95)0.33(303.03)
Dividends Declared per Common Share ($)0.18750.18750.000.18750.00
Avg Diluted Shares Out (actual)116,760,000116,521,0000.21116,723,0000.13
Balance Sheet ($000)
 2015 Q42014 Q4Y-Y
Ch (%)
2015 Q3Q-Q
Ch (%)
Properties at Cost: Operational3,332,0213,333,900(0.06)3,260,4758.78
Accumulated Depreciation308,772309,629(0.28)292,25322.61
Net Properties: Operational3,023,2493,024,271(0.03)2,968,2227.42
Land Held for Development000.0000.00
Total Real Estate Investments3,084,5093,114,149(0.95)3,025,3967.82
Total Assets3,619,2353,704,714(2.31)3,592,7022.95
Total Debt1,788,3361,820,950(1.79)1,743,95310.18
Total Liabilities1,983,0242,025,398(2.09)1,945,3017.76
Common Equity1,388,6991,392,773(0.29)1,396,294(2.18)
Common Shares Outstanding (actual)111,631,153111,127,3860.45111,591,4090.14
Convertible Operating Partnership Units (actual)4,832,8475,199,614(7.05)4,832,5910.02
Same Store Operations
 2015 Q42014 Q4Y-Y
Ch (bp)
2015 Q3Q-Q
Ch (bp)
Same-store NOI: Change from Prior (%)5.005.40(40)0.30470
EBITDA
 2015 Q42014 Q4Y-Y
Ch (bp)
2015 Q3Q-Q
Ch (bp)
Recurring EBITDA/ Interest Expense (x)3.563.5063.561
Recurring EBITDA/ Interest & Preferred Dividends (x)3.563.5063.561
Income Statement Ratios
 2015 Q42014 Q4Y-Y
Ch (bp)
2015 Q3Q-Q
Ch (bp)
Dividend Payout to FFO (%)55.1560.48(9)56.82(12)
G&A/ Revenue (%)5.834.63266.67(50)
   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.