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 550 1,075 405 429 269
Rental Revenue 88,458 118,855 125,959 104,437 93,416
Operating RE Revenue 0 0 0 0 0
Partnership Income 1,500 2,091 0 0 0
Property Management Revenue 693 1,008 0 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 91,201 123,009 126,369 104,866 93,729
Expenses ($000)
Interest Expense 19,738 25,177 23,651 19,239 14,910
Rental Operating Expense 27,234 37,431 42,110 34,092 31,335
Operating RE Expense 0 0 0 0 0
Real Estate Depreciation & Amortization 19,657 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 208 278 218 225 116
General & Administrative Expense 16,514 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 83,351 111,568 117,228 99,710 86,318
Net Income ($000)
Net Income before Gain on Sale of Real Estate 7,850 11,441 9,141 5,156 7,411
Gain on Sale of Real Estate (135) 10,887 (167) 3,261 (185)
Total Minority Interest Expense 0 0 0 0 0
Provision for Taxes 324 347 386 289 372
Trust Preferred Distributions 0 0 0 0 0
Net Income before Extra 7,391 21,981 8,588 8,128 6,854
Extraordinary Items 701 0 0 0 11
Net Income 8,092 21,981 8,588 8,128 6,865
Net Income Attributable to Noncontrolling Int 184 550 254 197 116
Net Income Attributable to Parent 7,908 21,431 8,334 7,931 6,749
Preferred Dividends 0 0 0 0 0
Issue Costs of Redeemed Preferred Stock 0 0 0 0 0
Net Income Avail to Common 7,867 21,130 7,878 7,311 6,221
FFO 29,104 39,398 35,045 27,031 26,696
Adjusted FFO NA NA NA NA NA
Distributable Income NA NA NA NA NA
Per Share Information ($)
Diluted EPS after Extraordinary 0.19 0.52 0.22 0.26 0.24
FFO/ Share 0.69 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 0.86 1.14 1.14 1.14 1.14
Regular Dividends Declared 0.86 1.14 1.14 1.14 1.14
Total Dividends Paid 0.86 1.14 1.14 1.14 1.14
Common Dividends Declared per Share 0.86 1.14 1.14 1.14 1.14
Avg Diluted Shares Out(actual) 41,084,000 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.