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
2017 FQ3 YTD
9/30/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
2014 FY
12/31/2014
2013 FY
12/31/2013
Balance Sheet ($000)
Real Estate 754,157 712,315 669,012 586,967 448,213
Real Estate (Less Accumulated Depreciation) 647,884 619,990 594,037 528,094 401,155
Secured Debt 402,465 390,479 380,566 341,305 239,008
Total Debt 402,640 390,654 380,766 341,624 239,372
Total Liabilities 427,899 411,858 401,948 361,387 251,094
Equity Attributable to Common Shares 88,935 84,582 81,080 55,040 55,667
Equity Attributable to Partnership Units 183,948 174,073 159,347 150,594 141,539
Total Equity 272,883 258,655 240,427 205,634 197,206
Income Statement ($000)
Rental Revenue 85,198 108,063 97,182 70,936 61,943
Interest Expense 13,938 18,366 17,141 12,958 11,222
Total Revenue 88,389 109,676 98,395 73,462 62,833
Total Expense 75,692 97,100 87,481 64,228 52,866
Net Income 14,746 12,857 11,384 9,303 13,317
Net Income (Attributable to Partnership Units) 9,925 8,432 7,098 6,724 9,355
Net Income (Attributable Common Shares) 4,821 4,425 4,286 2,579 3,962
FFO 27,165 35,239 31,968 23,285 24,117
Modified FFO 28,540 37,319 34,291 27,486 27,258
Key Metrics
FFO Payout (%)(%) 69.34 64.36 64.06 75 61.96
FFO/ Total Revenue (%)(%) 30.73 32.13 32.49 31.70 38.38
Total Debt/ Gross Real Estate (%)(%) 53.39 54.84 56.91 58.20 53.41
FFO Growth 2.56 10.23 37.29 (3.45) 15.02
FFO/Share Growth (5.40) 2.80 22 (12.60) 1.50
Per Share Information ($)
FFO / Share 1.06 1.48 1.44 1.18 1.35
Modified FFO per Share 1.12 1.56 1.54 1.39 1.52
Principal Payments Schedule ($000)
Debt Due this Fiscal Year 5,000 36,449 18,055 39,282 7,793
Debt Due during Next Fiscal Year 20,095 17,018 35,784 21,574 22,694
Debt Due during Second Fiscal Year 25,322 24,321 16,328 33,544 34,948
Debt Due during Third Fiscal Year 28,001 26,969 23,618 14,065 35,277
Debt Due during Fourth Fiscal Year 45,897 44,804 26,232 22,643 8,353
Debt Due Thereafter 281,040 243,950 263,930 210,197 129,943
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