Financial Highlights

2015 FQ2 YTD
6/30/2015
2014 FY
12/31/2014
2013 FY
12/31/2013
2012 FY
12/31/2012
2011 FY
12/31/2011
Dividends Declared per Share 0.2325 0.9000 0.8400 0.8260 0.8050
Financial Highlights
2018 FQ2 YTD
6/30/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
2014 FY
12/31/2014
Balance Sheet ($000)
Real Estate 754,860 758,327 712,315 669,012 586,967
Real Estate (Less Accumulated Depreciation) 635,869 647,301 619,990 594,037 528,094
Secured Debt 393,935 394,843 390,479 380,566 341,305
Total Debt 394,110 395,018 390,654 380,766 341,624
Total Liabilities 416,401 417,830 411,858 401,948 361,387
Equity Attributable to Common Shares 93,883 90,751 84,582 81,080 55,040
Equity Attributable to Partnership Units 181,646 183,024 174,073 159,347 150,594
Total Equity 275,529 273,775 258,655 240,427 205,634
Income Statement ($000)
Rental Revenue 58,518 114,298 108,063 97,182 70,936
Interest Expense 9,076 18,630 18,366 17,141 12,958
Total Revenue 60,329 118,037 109,681 98,395 73,462
Total Expense 51,177 100,206 97,100 87,481 64,228
Net Income 10,236 19,883 12,857 11,384 9,303
Net Income (Attributable to Partnership Units) 6,819 13,369 8,432 7,098 6,724
Net Income (Attributable Common Shares) 3,417 6,514 4,425 4,286 2,579
FFO 20,066 37,813 35,239 31,968 23,285
Modified FFO NA 39,188 37,320 34,291 27,486
Key Metrics
FFO Payout (%)(%) 65.18 66.84 64.36 64.06 75
FFO/ Total Revenue (%)(%) 33.26 32.03 32.13 32.49 31.70
Total Debt/ Gross Real Estate (%)(%) 52.21 52.09 54.84 56.91 58.20
FFO Growth 9.67 7.30 10.23 37.29 (3.45)
FFO/Share Growth 6.90 (0.70) 2.80 22 (12.60)
Per Share Information ($)
FFO / Share 0.77 1.47 1.48 1.44 1.18
Modified FFO per Share NA 1.53 1.56 1.54 1.39
Principal Payments Schedule ($000)
Debt Due this Fiscal Year 8,882 15,593 36,449 18,055 39,282
Debt Due during Next Fiscal Year 25,460 25,364 17,018 35,784 21,574
Debt Due during Second Fiscal Year 28,144 28,045 24,321 16,328 33,544
Debt Due during Third Fiscal Year 46,040 45,935 26,969 23,618 14,065
Debt Due during Fourth Fiscal Year 31,321 31,210 44,804 26,232 22,643
Debt Due Thereafter 256,561 251,420 243,950 263,930 210,197
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