Financial Highlights
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
Revenues ($000)
Interest Income 659 1,075 405 429 269
Rental Revenue 118,395 118,855 125,959 104,437 93,416
Operating RE Revenue 0 0 0 0 0
Partnership Income 1,276 2,091 0 0 0
Property Management Revenue 856 1,008 NA 0 0
Franchise Fees 0 0 0 0 0
Nonrecurring Revenue 0 0 0 0 0
Other Noninterest Income 0 (20) 5 0 44
Revenue 121,186 123,009 126,369 104,866 93,729
Expenses ($000)
Interest Expense 26,285 25,177 23,651 19,239 14,910
Rental Operating Expense 36,904 37,431 42,110 34,092 31,335
Operating RE Expense 0 0 0 0 0
Real Estate Depreciation & Amortization 26,468 25,401 27,022 22,232 19,645
Provision for Loan Losses 0 0 0 0 0
Advisory Fees 0 0 0 0 0
Non-Real Estate Depreciation 272 278 218 225 116
General & Administrative Expense 21,661 20,747 22,324 21,821 18,593
Property Acquisition Fees 0 0 1,625 2,101 1,719
Asset Writedowns 0 0 0 0 0
Other Nonrecurring Expense 0 2,534 0 0 0
Other Expense 0 0 278 NA NA
Expense 111,590 111,568 117,228 99,710 86,318
Net Income ($000)
Net Income before Gain on Sale of Real Estate 9,596 11,441 9,141 5,156 7,411
Gain on Sale of Real Estate 14,438 10,887 (167) 3,261 (185)
Total Minority Interest Expense 0 0 0 0 0
Provision for Taxes 400 347 386 289 372
Trust Preferred Distributions 0 0 0 0 0
Net Income before Extra 23,634 21,981 8,588 8,128 6,854
Extraordinary Items 594 0 0 0 11
Net Income 24,228 21,981 8,588 8,128 6,865
Net Income Attributable to Noncontrolling Int 545 550 254 197 116
Net Income Attributable to Parent 23,683 21,431 8,334 7,931 6,749
Preferred Dividends 0 0 0 0 0
Issue Costs of Redeemed Preferred Stock 0 0 0 0 0
Net Income Avail to Common 23,642 21,130 7,878 7,311 6,221
FFO 38,026 39,398 35,045 27,031 26,696
Adjusted FFO NA NA NA NA NA
Distributable Income NA NA NA NA NA
Per Share Information ($)
Diluted EPS after Extraordinary 0.57 0.52 0.22 0.26 0.24
FFO/ Share 0.90 0.94 0.93 0.91 1
AFFO per Share NA NA NA NA NA
Distributable Income per Share NA NA NA NA NA
Regular Dividends Paid 1.14 1.14 1.14 1.14 1.14
Regular Dividends Declared 1.14 1.14 1.14 1.14 1.14
Total Dividends Paid 1.14 1.14 1.14 1.14 1.14
Common Dividends Declared per Share 1.14 1.14 1.14 1.14 1.14
Avg Diluted Shares Out(actual) 41,462,000 40,612,000 36,255,000 28,383,000 25,683,000
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.