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
 2016 Q32015 Q3 Y-Y
Ch (%)
2016 Q2 Q-Q
Ch (%)
Funds from Operations ($000)295,883332,392(10.98)345,448(57.39)
FFO per Share ($)0.770.87(11.49)0.90(57.78)
AFFO per ShareNANANANANA
Income Statement ($000)
 2016 Q32015 Q3 Y-Y
Ch (%)
2016 Q2 Q-Q
Ch (%)
Rental Revenue605,856694,245(12.73)594,9397.34
Partnership Income(1,091)(1,141)(4.38)(800)145.50
Total Revenue601,153694,214(13.41)650,876(30.56)
Rental Operating Expense185,559226,270(17.99)173,72227.26
Expenses486,395555,549(12.45)479,4545.79
Net Income217,492205,4565.86228,400(19.10)
Rental NOI420,297467,975(10.19)421,217(0.87)
Diluted EPS before Extraordinary Items ($)0.560.535.660.59(20.34)
Diluted EPS after Extraordinary Items ($)0.560.535.660.59(20.34)
Dividends Declared per Common Share ($)3.50380.5525534.160.50382,382.13
Avg Diluted Shares Out (actual)382,373,294380,662,9420.45382,064,9980.32
Balance Sheet ($000)
 2016 Q32015 Q3 Y-Y
Ch (%)
2016 Q2 Q-Q
Ch (%)
Properties at Cost: Operational24,485,09326,965,134(9.20)24,309,5862.89
Accumulated Depreciation5,255,9655,914,695(11.14)5,119,34210.68
Net Properties: Operational19,229,12821,050,439(8.65)19,190,2440.81
Land Held for Development115,082154,690(25.60)138,221(66.96)
Total Real Estate Investments20,166,18922,318,894(9.65)20,194,364(0.56)
Total Assets21,297,74423,008,804(7.44)21,229,9221.28
Total Debt8,498,78710,803,319(21.33)8,510,994(0.57)
Total Liabilities10,517,05111,781,555(10.73)9,344,99450.17
Common Equity10,078,22510,438,354(3.45)11,123,298(37.58)
Common Shares Outstanding (actual)365,657,065364,140,0400.42365,550,6360.12
Convertible Operating Partnership Units (actual)14,627,74514,455,7271.1914,706,597(2.14)
Same Store Operations
 2016 Q32015 Q3 Y-Y
Ch (bp)
2016 Q2 Q-Q
Ch (bp)
Same-store NOI: Change from Prior (%)2.406.70(430)5.30(290)
EBITDA
 2016 Q32015 Q3 Y-Y
Ch (bp)
2016 Q2 Q-Q
Ch (bp)
Recurring EBITDA/ Interest Expense (x)4.423.87554.3210
Recurring EBITDA/ Interest & Preferred Dividends (x)4.383.84544.2910
Income Statement Ratios
 2016 Q32015 Q3 Y-Y
Ch (bp)
2016 Q2 Q-Q
Ch (bp)
Dividend Payout to FFO (%)455.0363.5161755.972,852
G&A/ Revenue (%)5.312.201416.04(48)
Profitability Ratios
 2016 Q32015 Q3 Y-Y
Ch (bp)
2016 Q2 Q-Q
Ch (bp)
Return on Average Assets (%)4.093.57534.30(20)
Return on Average Equity (%)8.007.63378.04(4)
   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.