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 Q12016 Q1 Y-Y
Ch (%)
2016 Q4 Q-Q
Ch (%)
Funds from Operations ($000)290,358179,28961.95306,001(20.45)
FFO per Share ($)0.760.4761.700.80(20.00)
AFFO per ShareNANANANANA
Income Statement ($000)
 2017 Q12016 Q1 Y-Y
Ch (%)
2016 Q4 Q-Q
Ch (%)
Rental Revenue603,920616,165(1.99)605,273(0.89)
Partnership Income(1,141)(1,104)3.35(1,045)36.75
Total Revenue603,267621,281(2.90)610,199(4.54)
Rental Operating Expense184,336189,361(2.65)175,56819.98
Expenses509,032624,144(18.44)480,94423.36
Net Income149,9413,731,831(95.98)302,381(201.65)
Rental NOI419,584426,804(1.69)429,705(9.42)
Diluted EPS before Extraordinary Items ($)0.399.76(96.00)0.75(192.00)
Diluted EPS after Extraordinary Items ($)0.399.76(96.00)0.75(192.00)
Dividends Declared per Common Share ($)0.50388.5038(94.08)0.50380.00
Avg Diluted Shares Out (actual)382,280,011382,243,0660.01381,860,2040.44
Balance Sheet ($000)
 2017 Q12016 Q1 Y-Y
Ch (%)
2016 Q4 Q-Q
Ch (%)
Properties at Cost: Operational24,700,74023,893,0213.3824,630,4411.14
Accumulated Depreciation5,526,5864,977,27411.045,360,38912.40
Net Properties: Operational19,174,15418,915,7471.3719,270,052(1.99)
Land Held for Development109,136114,149(4.39)84,440116.99
Total Real Estate Investments20,009,00120,210,068(0.99)20,086,177(1.54)
Total Assets20,608,33821,301,292(3.25)20,704,148(1.85)
Total Debt8,929,9258,583,8184.038,987,258(2.55)
Total Liabilities9,733,1799,471,4972.769,801,072(2.77)
Common Equity10,242,99611,026,492(7.11)10,191,7982.01
Common Shares Outstanding (actual)367,137,757365,496,0190.45365,870,9241.39
Convertible Operating Partnership Units (actual)13,827,47214,703,617(5.96)14,626,075(21.84)
Same Store Operations
 2017 Q12016 Q1 Y-Y
Ch (bp)
2016 Q4 Q-Q
Ch (bp)
Same-store NOI: Change from Prior (%)2.106.60(450)1.9020
EBITDA
 2017 Q12016 Q1 Y-Y
Ch (bp)
2016 Q4 Q-Q
Ch (bp)
Recurring EBITDA/ Interest Expense (x)3.973.9534.18(21)
Recurring EBITDA/ Interest & Preferred Dividends (x)3.943.9224.15(20)
Income Statement Ratios
 2017 Q12016 Q1 Y-Y
Ch (bp)
2016 Q4 Q-Q
Ch (bp)
Dividend Payout to FFO (%)66.28 NM NM62.9721
G&A/ Revenue (%)6.046.47(7)4.66118
Profitability Ratios
 2017 Q12016 Q1 Y-Y
Ch (bp)
2016 Q4 Q-Q
Ch (bp)
Return on Average Assets (%)2.9067.22(6,432)5.76(286)
Return on Average Equity (%)5.72135.67(12,995)11.63(591)
   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.