Income Statement


All references to earnings per share are diluted earnings per share.
Financial Highlights
2019 FQ3 YTD
9/30/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
Revenues ($000)
Interest Income 22,308 28,200 26,769 27,321 22,119
Rental Revenue 104,966 135,405 137,657 133,527 113,080
Operating RE Revenue 0 0 0 0 0
Partnership Income 1,973 2,864 2,263 1,138 1,819
Property Management Revenue 0 0 0 0 0
Franchise Fees 0 0 0 0 0
Nonrecurring Revenue 9,600 3,074 842 0 0
Other Noninterest Income 1,967 1,966 2,797 735 1,004
Revenue 140,814 171,509 170,328 162,721 138,022
Expenses ($000)
Interest Expense 23,004 30,196 29,949 26,442 17,497
Rental Operating Expense 12,566 0 0 0 0
Operating RE Expense 0 0 0 0 0
Real Estate Depreciation & Amortization 29,399 37,555 37,610 35,932 29,431
Provision for Loan Losses 0 0 0 0 400
Advisory Fees 0 0 0 0 0
Non-Real Estate Depreciation 0 0 0 0 0
General & Administrative Expense 13,912 19,193 17,513 17,412 14,986
Property Acquisition Fees 275 84 56 179 744
Asset Writedowns 0 0 1,880 766 2,250
Other Nonrecurring Expense 0 0 0 0 0
Other Expense 153 87 (206) 457 219
Expense 79,309 87,115 86,802 81,188 65,527
Net Income ($000)
Net Income before Gain on Sale of Real Estate 61,505 84,394 83,526 81,533 72,495
Gain on Sale of Real Estate 6,736 70,682 3,814 3,582 586
Total Minority Interest Expense 0 0 0 0 0
Provision for Taxes 0 0 0 0 0
Trust Preferred Distributions 0 0 0 0 0
Net Income before Extra 68,241 155,076 87,340 85,115 73,081
Extraordinary Items 0 0 0 0 0
Net Income 68,241 155,076 87,340 85,115 73,081
Net Income Attributable to Noncontrolling Int 257 95 0 0 0
Net Income Attributable to Parent 67,984 154,981 87,340 85,115 73,081
Preferred Dividends 0 0 0 0 2,454
Issue Costs of Redeemed Preferred Stock 0 0 0 0 0
Net Income Avail to Common 67,686 154,356 86,978 84,730 70,143
FFO 90,647 121,854 123,016 118,231 104,176
Adjusted FFO 88,024 110,510 112,113 104,999 95,333
Distributable Income NA NA NA NA NA
Per Share Information ($)
Diluted EPS after Extraordinary 1.69 3.89 2.20 2.21 1.94
FFO/ Share 2.26 3.06 3.10 3.06 2.77
AFFO per Share NA NA NA NA 2.54
Distributable Income per Share NA NA NA NA NA
Regular Dividends Paid 1.71 2.28 2.28 2.19 2.07
Regular Dividends Declared 1.71 2.28 2.28 2.19 2.07
Total Dividends Paid 1.71 2.28 2.28 2.19 2.07
Common Dividends Declared per Share 1.71 2.28 2.28 2.19 2.07
Avg Diluted Shares Out(actual) 39,944,000 39,839,000 39,637,000 38,597,000 37,329,000
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.