| |
|
|
|
|
|
| (in thousands except per share data) |
2009 |
|
2008 |
2007 |
2006 |
|
|
|
|
| Balance Sheet Data |
|
|
|
|
|
| Total Assets |
$ 2,452,320 |
|
$ 2,036,263 |
$ 2,174,384 |
$ 2,069,775 |
| Net Real Estate Investments |
2,262,125 |
|
1,778,733 |
1,957,239 |
1,885,711 |
| Total Liabilities (3) |
1,363,618 |
|
1,125,776 |
1,257,463 |
1,143,108 |
| Shareholders’ Equity |
1,064,535 |
|
909,498 |
915,932 |
925,678 |
| Operating Data |
|
|
|
|
|
| Total Rental Revenues |
$ 271,390 |
|
$ 237,449 |
$ 244,462 |
$ 223,542 |
| Net Income from Continuing Operations |
73,440 |
|
34,174 |
48,696 |
53,706 |
| Net Income |
81,375 |
|
35,008 |
69,385 |
176,955 |
| Funds from Operations (1) |
142,983 |
|
60,377 |
98,297 |
110,105 |
| Cash Dividends (2) |
94,010 |
|
89,611 |
88,599 |
162,704 |
| Per Share Data |
|
|
|
|
|
| Net Income from Continuing Operations (2) |
$ 0.89 |
|
$ 0.46 |
$ 0.66 |
$ 0.73 |
| Net Income (2) |
0.99 |
|
0.47 |
0.94 |
2.40 |
| Funds from Operations (1)(2) |
1.71 |
|
0.81 |
1.34 |
1.48 |
| Cash Dividends (2) |
1.12 |
|
1.20 |
1.20 |
2.20 |
| (1) |
We define Funds from Operations (“FFO“) consistent with the NAREIT definition as net income computed in accordance with generally accepted accounting principles in the United States (“GAAP”) excluding gains (or losses) from sales of property, plus depreciation and amortization, and after adjustments for unconsolidated partnerships and joint ventures calculated to reflect funds from operations on the same basis. We believe that FFO should be considered along with, but not as an alternative to GAAP net income as a measure of our operating performance. FFO does not represent cash generated from operating activities in accordance with GAAP and is not necessarily indicative of funds available to fund our cash needs. For a reconciliation of FFO to GAAP, see page 19 in the attached Annual Report on Form 10-K.
|
| (2) |
Net Income from Continuing Operations, Net Income and Funds from Operations are per diluted share. Cash dividends are per basic share.
|
| (3) |
Amounts have been reclassified to conform to the 2009 presentation. |
