Balance Sheet


All references to earnings per share are diluted earnings per share.
Financial Highlights
3/31/2017
3/31/2018
6/30/2018
12/31/2018
Real Estate Assets ($000)
Total Gross Loans 242,109 252,302 250,394 258,229
Gross Depreciable Property 1,286,619 1,329,372 1,370,480 1,374,524
Total Accumulated Depreciation 284,134 292,222 301,458 312,959
Net Property Investment 1,002,485 1,037,150 1,069,022 1,061,565
Investment in Partnerships 26,181 30,289 30,397 30,615
Total Nondepreciable Real Estate 18,241 48,911 28,907 45,016
Investment in Real Estate before Reserves 1,289,016 1,368,652 1,378,720 1,395,425
Loan Loss Reserve 2,415 2,517 2,497 2,575
Net Real Estate Investment 1,286,601 1,366,135 1,376,223 1,392,850
Non Real Estate Assets ($000)
Cash and Cash Equivalents 8,732 3,784 4,260 2,656
Total Securities 0 0 0 0
Total Intangible Assets 0 0 0 0
Current Inventories 0 0 0 0
Deferred Tax Asset 0 0 0 0
Restricted Cash 0 0 2,446 2,108
Accounts Receivable 68,983 84,473 87,900 94,589
Total Other Assets 27,274 24,738 28,800 21,417
Total Assets 1,391,590 1,479,130 1,499,629 1,513,620
Liabilities ($000)
Total Debt 597,873 687,388 652,440 645,029
Deficit Partnerships 0 0 0 0
Advanced Rents & Security Deposits NA NA NA NA
Deferred Revenue 0 0 0 0
Deferred Tax Liability 0 0 0 0
Redeemable Partnership Units 0 0 0 0
Minority Interest (FASB 150) 0 0 0 0
Total Other Liabilities 40,577 34,879 41,493 35,620
Total Liabilities 638,450 722,267 693,933 680,649
Mezzanine ($000)
Redeemable Preferred 0 0 0 0
Trust Preferred Securities 0 0 0 0
Minority Interest in OP 0 0 0 0
Other Minority Interest 0 0 0 0
Preferred OP Minority Interest 0 0 0 0
Other Mezzanine Items 0 0 0 0
Total Mezzanine Level Items 0 0 0 0
Equity ($000)
Total Preferred Equity 0 0 0 0
Common Equity 753,140 753,375 801,127 825,490
Equity Attributable to Parent Company 753,140 753,375 801,127 825,490
Noncontrolling Interests in OP 0 0 0 0
Noncontrolling Interests in OP Preferred 0 0 0 0
Other Noncontrolling Interests 0 3,488 4,569 7,481
Noncontrolling Interests 0 3,488 4,569 7,481
Total Equity 753,140 756,863 805,696 832,971
Common Shares Outstanding(actual) 39,573,448 39,628,835 39,634,980 39,656,737
Convertible OP Units(actual) 0 0 0 0
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