Income Statement


All references to earnings per share are diluted earnings per share.
Financial Highlights
2020 FQ1 YTD
3/31/2020
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
Revenues ($000)
Interest Income 7,777 29,991 28,200 26,769 27,321
Rental Revenue 38,035 143,155 135,405 137,657 133,527
Operating RE Revenue 0 0 0 0 0
Partnership Income 231 2,388 2,864 2,263 1,138
Property Management Revenue 0 0 0 0 0
Franchise Fees 0 0 0 0 0
Nonrecurring Revenue 0 11,711 3,074 842 0
Other Noninterest Income 598 2,558 1,966 2,797 735
Revenue 46,641 189,803 171,509 170,328 162,721
Expenses ($000)
Interest Expense 7,710 30,582 30,196 29,949 26,442
Rental Operating Expense 4,223 16,755 0 0 0
Operating RE Expense 0 0 0 0 0
Real Estate Depreciation & Amortization 9,669 39,216 37,555 37,610 35,932
Provision for Loan Losses 0 0 0 0 0
Advisory Fees 0 0 0 0 0
Non-Real Estate Depreciation 0 0 0 0 0
General & Administrative Expense 5,100 18,453 19,193 17,513 17,412
Property Acquisition Fees 70 365 84 56 179
Asset Writedowns 0 5,500 0 1,880 766
Other Nonrecurring Expense 0 0 0 0 0
Other Expense 1 166 87 (206) 457
Expense 26,773 111,037 87,115 86,802 81,188
Net Income ($000)
Net Income before Gain on Sale of Real Estate 19,868 78,766 84,394 83,526 81,533
Gain on Sale of Real Estate 43,854 2,106 70,682 3,814 3,582
Total Minority Interest Expense 0 0 0 0 0
Provision for Taxes 0 0 0 0 0
Trust Preferred Distributions 0 0 0 0 0
Net Income before Extra 63,722 80,872 155,076 87,340 85,115
Extraordinary Items 0 0 0 0 0
Net Income 63,722 80,872 155,076 87,340 85,115
Net Income Attributable to Noncontrolling Int 89 346 95 0 0
Net Income Attributable to Parent 63,633 80,526 154,981 87,340 85,115
Preferred Dividends 0 0 0 0 0
Issue Costs of Redeemed Preferred Stock 0 0 0 0 0
Net Income Avail to Common 63,370 80,135 154,356 86,978 84,730
FFO 29,185 123,136 121,854 123,016 118,231
Adjusted FFO 28,510 117,596 110,510 112,113 104,999
Distributable Income NA NA NA NA NA
Per Share Information ($)
Diluted EPS after Extraordinary 1.60 2.02 3.89 2.20 2.21
FFO/ Share 0.74 3.08 3.06 3.10 3.06
AFFO per Share NA NA NA NA NA
Distributable Income per Share NA NA NA NA NA
Regular Dividends Paid 0.57 2.28 2.28 2.28 2.19
Regular Dividends Declared 0.57 2.28 2.28 2.28 2.19
Total Dividends Paid 0.57 2.28 2.28 2.28 2.19
Common Dividends Declared per Share 0.57 2.28 2.28 2.28 2.19
Avg Diluted Shares Out(actual) 39,541,000 39,759,000 39,839,000 39,637,000 38,597,000
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.