|
|
|
|
|
|
|
Gross Depreciable Property
|
14,815,443
|
15,059,097
|
15,604,839
|
15,615,375
|
15,584,442
|
|
|
Net Property Investment
|
10,986,075
|
11,464,850
|
12,168,067
|
12,707,347
|
13,252,799
|
|
|
Finance Leases
|
8,198
|
9,341
|
13,254
|
19,539
|
39,455
|
|
|
Property Held for Sale: Nondepreciable
|
1,896
|
26,957
|
2,609
|
38,347
|
38,928
|
|
|
Construction in Progress
|
NA
|
NA
|
NA
|
NA
|
NA
|
|
|
Mortgage Loans
|
15,727
|
0
|
10,164
|
20,294
|
22,764
|
|
|
Senior Secured Debt
|
1,330,174
|
1,528,134
|
1,922,657
|
2,082,692
|
2,650,067
|
|
|
Obligations Under Leases
|
214,102
|
221,061
|
0
|
0
|
0
|
|
|
Senior Unsecured Debt
|
4,555,096
|
4,177,591
|
4,165,265
|
3,990,752
|
3,717,181
|
|
|
Total Subordinated Debt
|
0
|
0
|
0
|
0
|
0
|
|
|
Total Debt
|
6,099,372
|
5,926,786
|
6,087,922
|
6,073,444
|
6,367,248
|
|
|
Total Liabilities
|
6,583,854
|
6,437,402
|
6,663,349
|
6,662,702
|
6,968,041
|
|
|
Equity Attributable to Parent Company
|
6,448,601
|
6,835,743
|
7,157,059
|
7,884,278
|
8,447,361
|
|
|
Noncontrolling Interests
|
7,143
|
7,535
|
143,085
|
158,598
|
172,172
|
|
|
Total Equity
|
6,455,744
|
6,843,278
|
7,300,144
|
8,042,876
|
8,619,533
|
|
|
Market Capitalization($M)
|
7,093.10
|
9,950.10
|
6,917.70
|
7,589.10
|
8,241.30
|
|
|
Implied Market Cap($M)
|
7,098
|
9,957.30
|
7,087.30
|
7,774.10
|
8,442.20
|
|
|
Total Capitalization($M)
|
13,672.20
|
16,659
|
14,250.20
|
14,922.70
|
15,885.90
|
|
|
Total Enterprise Value($M)
|
13,464.90
|
16,646.10
|
14,219.50
|
14,886.30
|
15,629.40
|
|
|
Total Enterprise Value Plus JV Debt($M)
|
13,571.40
|
16,699.90
|
14,219.50
|
14,896.50
|
15,639.60
|
|
|
Rental Revenue
|
870,349
|
1,236,397
|
1,256,808
|
1,250,723
|
1,335,447
|
|
|
Rental Net Operating Income
|
779,361
|
1,106,628
|
1,130,347
|
1,122,006
|
1,191,019
|
|
|
NOI
|
779,361
|
1,106,628
|
1,130,347
|
1,122,006
|
1,191,019
|
|
|
Gain on Sale of Real Estate
|
76,858
|
292,654
|
95,634
|
61,536
|
55,722
|
|
|
Interest Expense
|
197,244
|
278,574
|
280,887
|
289,766
|
317,376
|
|
|
Revenue
|
876,889
|
1,252,874
|
1,273,168
|
1,261,290
|
1,340,283
|
|
|
Expense
|
711,507
|
1,848,372
|
1,455,426
|
1,264,449
|
1,465,756
|
|
|
Extraordinary Items
|
0
|
0
|
3,695
|
(19,117)
|
(123,937)
|
|
|
Net Income
|
239,085
|
(307,106)
|
(88,030)
|
32,378
|
(200,824)
|
|
|
Net Income Attributable to Noncontrolling Int
|
137
|
(6,753)
|
(2,256)
|
560
|
(4,961)
|
|
|
Net Income Attributable to Parent
|
238,948
|
(300,353)
|
(85,774)
|
31,818
|
(195,863)
|
|
|
Net Income Avail to Common
|
202,281
|
(368,841)
|
(157,708)
|
(40,565)
|
(268,247)
|
|
|
FFO
|
508,998
|
(138,372)
|
438,066
|
653,108
|
613,416
|
|
|
Operating Funds from Operations, as Reported
|
NA
|
NA
|
NA
|
NA
|
NA
|
|
|
Adjusted FFO
|
508,604
|
706,935
|
713,890
|
738,769
|
741,457
|
|
|
Modified FFO
|
NA
|
NA
|
NA
|
NA
|
NA
|
|
|
ROAA(%)
|
2.38
|
(2.20)
|
(0.62)
|
0.21
|
(1.20)
|
|
|
ROAE(%)
|
4.78
|
(4.28)
|
(1.15)
|
0.39
|
(2.34)
|
|
|
Implied Capitalization Rate(%)
|
8.44
|
7.90
|
9.08
|
8.48
|
7.98
|
|
|
Dividend Payout Ratio(%)
|
153.42
|
NM
|
NM
|
NM
|
NM
|
|
|
Dividend Yield(%)
|
4.74
|
5.95
|
7.69
|
7.06
|
6.50
|
|
|
FFO Payout(%)
|
74.89
|
NM
|
124.43
|
84.10
|
85.67
|
|
|
FFO/ Total Revenue(%)
|
58.05
|
(11.04)
|
34.41
|
51.78
|
45.77
|
|
|
Price/ LTM FFO(x)
|
10.66
|
NM
|
16.18
|
11.91
|
13.18
|
|
|
Price/ LTM AFFO(x)
|
10.28
|
13.39
|
9.93
|
10.53
|
10.85
|
|
|
Price/ Last-twelve-months EPS(x)
|
27.08
|
NM
|
NM
|
NM
|
NM
|
|
|
Recurring EBITDA/ Interest Expense(x)
|
3.74
|
3.79
|
3.83
|
3.70
|
3.60
|
|
|
Recurring EBITDA/ Interest Expense + Pref. Div.(x)
|
3.15
|
3.04
|
3.05
|
2.97
|
2.93
|
|
|
Debt and Preferred/ TEV(%)
|
49.20
|
40.43
|
50.34
|
48.03
|
47.62
|
|
|
Total Debt/ Gross Properties(%)
|
41.17
|
39.36
|
39.01
|
38.89
|
40.86
|
|
|
Loans/ Assets(%)
|
0.18
|
0.07
|
0.17
|
0.28
|
0.47
|
|
|
Credit Lines Drawn/ Available(%)
|
0
|
10
|
12.65
|
8.04
|
0
|
|
|
Same-store NOI: Change
|
NA
|
NA
|
NA
|
NA
|
NA
|
|
|
Same-store Revenue: Change from Prior
|
NA
|
1.20
|
0.50
|
0
|
NA
|
|
|
FFO Growth
|
NM
|
NM
|
(32.93)
|
6.47
|
4.83
|
|
|
FFO/Share Growth
|
NM
|
NM
|
(32.40)
|
1.90
|
1.90
|
|
|
EPS Growth, before Extraordinary
|
NM
|
NM
|
NM
|
NM
|
NM
|
|
|
Real Estate Investment Growth
|
(5.27)
|
(5.39)
|
(4.68)
|
(4.33)
|
(11.50)
|
|
|
Common Shares Outstanding
|
218,248,428
|
215,369,197
|
193,503,033
|
194,841,717
|
194,829,330
|
|
|
Closing Price
|
32.50
|
46.20
|
35.75
|
38.95
|
42.30
|
|
|
Basic EPS before Extra
|
0.95
|
(1.85)
|
(0.85)
|
(0.10)
|
(0.80)
|
|
|
Diluted EPS before Extra
|
0.95
|
(1.85)
|
(0.85)
|
(0.10)
|
(0.80)
|
|
|
FFO/ Share
|
2.35
|
(0.68)
|
2.21
|
3.27
|
3.21
|
|
|
Operating FFO per Share, as Reported
|
NA
|
NA
|
NA
|
NA
|
NA
|
|
|
AFFO per Share
|
2.35
|
3.45
|
3.60
|
3.70
|
3.90
|
|
|
Modified FFO per Share
|
NA
|
NA
|
NA
|
NA
|
NA
|
|
|
Common Dividends Declared per Share
|
1.46
|
2.75
|
2.75
|
2.75
|
2.75
|
|
|
NAV per Share, as Reported
|
NA
|
NA
|
NA
|
NA
|
NA
|
|
|
Debt Maturing: Current FY
|
NA
|
NA
|
908,323
|
855,710
|
273,627
|
|
|
Debt Maturing: Next FY
|
NA
|
NA
|
660,437
|
965,000
|
1,314,347
|
|
|
Debt Maturing: FY2
|
NA
|
NA
|
752,235
|
672,817
|
965,522
|
|
|
Debt Maturing: FY3
|
NA
|
NA
|
569,067
|
753,309
|
690,739
|
|
|
Debt Maturing: FY4
|
NA
|
NA
|
292,455
|
317,107
|
783,880
|
|
|
Debt Maturing: Thereafter
|
NA
|
NA
|
2,931,271
|
2,525,895
|
2,369,359
|
|
|
Debt Due this Fiscal Year
|
252,936
|
506,568
|
917,279
|
880,950
|
294,774
|
|
|
Debt Due during Next Fiscal Year
|
314,084
|
299,015
|
660,072
|
972,789
|
1,316,604
|
|
|
Debt Due during Second Fiscal Year
|
266,951
|
439,451
|
752,768
|
667,686
|
979,547
|
|
|
Debt Due during Third Fiscal Year
|
1,020,847
|
1,019,886
|
567,898
|
752,770
|
684,723
|
|
|
Debt Due during Fourth Fiscal Year
|
1,121,021
|
1,121,021
|
293,616
|
314,839
|
783,110
|
|
|
Debt Due Thereafter
|
2,956,966
|
2,356,968
|
2,922,155
|
2,517,004
|
2,338,716
|
|
|
Adjustments to Debt Principal Schedule
|
(47,535)
|
(37,184)
|
(25,866)
|
(32,594)
|
(30,226)
|
|
|
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.