Financial Highlights
2022 FQ2 YTD
6/30/2022
2021 FY
12/31/2021
2020 FY
12/31/2020
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
Balance Sheet ($000)
Real Estate 922,813 888,340 833,225 790,894 789,335 758,327
Real Estate (Less Accumulated Depreciation) 734,547 709,186 671,902 644,578 661,223 647,301
Secured Debt 507,351 493,142 421,278 393,164 406,017 394,843
Total Debt 507,351 493,142 421,278 393,164 406,017 395,018
Total Liabilities 532,928 525,349 451,501 420,639 430,716 417,830
Equity Attributable to Common Shares 119,518 116,856 107,561 102,410 97,853 90,751
Equity Attributable to Partnership Units 185,319 179,661 183,967 176,637 185,898 183,024
Accumulated AOCI 9,389 - - - - -
Total Equity 314,226 296,467 291,528 279,047 283,751 273,775
Income Statement ($000)
Rental Revenue 33,817 129,324 124,616 119,460 116,051 114,280
Interest Expense 4,955 18,142 17,097 18,282 18,329 18,630
Total Revenue 36,219 133,933 129,076 120,884 118,425 118,019
Total Expense 29,113 109,495 102,097 104,825 100,163 100,189
Net Income 7,107 24,438 26,980 16,059 21,978 19,883
Net Income (Attributable to Partnership Units) 4,531 15,644 17,575 10,525 14,604 13,369
Net Income (Attributable Common Shares) 2,576 8,794 9,405 5,534 7,374 6,514
FFO 11,693 45,788 45,260 38,054 40,154 37,813
Modified FFO NA NA NA NA NA 39,188
Key Metrics
FFO Payout (%)(%) 81.20 65.69 65.35 74.15 66.49 66.84
FFO/ Total Revenue (%)(%) 29.57 34.19 35.06 31.48 33.91 32.04
Total Debt/ Gross Real Estate (%)(%) 54.98 55.51 50.56 49.71 51.44 52.09
FFO Growth -13.43 1.17 18.94 (5.23) 6.19 7.30
FFO/Share Growth (0.16) (0.01) 15.71 (7.90) 3.40 (0.70)
Per Share Information ($)
FFO / Share 0.71 1.61 1.62 1.40 1.52 1.47
Modified FFO per Share NA NA NA NA NA 1.53
Principal Payments Schedule ($000)
Debt Due this Fiscal Year 13,297 - 30,040 24,862 25,076 15,593
Debt Due during Next Fiscal Year 52,783 21,404 26,595 38,756 28,689 25,364
Debt Due during Second Fiscal Year 22,359 52,373 49,886 26,458 46,617 28,045
Debt Due during Third Fiscal Year 52,818 21,939 18,873 49,220 31,868 45,935
Debt Due during Fourth Fiscal Year 45,220 52,379 50,489 19,054 47,746 31,210
Debt Due Thereafter 320,874 347,555 247,228 236,688 228,343 251,420