Financial Highlights Report

Financial Highlights
2019 FQ2 YTD
6/30/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
Balance Sheet ($000)
Gross Depreciable Property NA NA NA NA NA
Net Property Investment NA NA NA NA NA
Finance Leases NA NA NA NA NA
Property Held for Sale: Nondepreciable NA NA NA NA NA
Construction in Progress NA NA NA NA NA
Mortgage Loans NA NA NA NA NA
Senior Secured Debt NA NA NA NA NA
Obligations Under Leases NA NA NA NA NA
Senior Unsecured Debt NA NA NA NA NA
Total Subordinated Debt 0 0 0 0 0
Total Debt 13,351,360 7,037,651 7,555,917 6,818,453 11,570,481
Total Liabilities 13,547,627 7,339,297 7,602,866 6,886,096 11,830,111
Equity Attributable to Parent Company 1,376,048 1,125,313 1,326,051 1,092,065 1,225,166
Noncontrolling Interests 0 0 0 0 0
Total Equity 1,376,048 1,125,313 1,326,051 1,092,065 1,225,166
Market Capitalization($M) 1,103.30 895.90 1,077.10 796.50 798.20
Implied Market Cap($M) 1,103.30 895.90 1,077.10 796.50 798.20
Total Capitalization($M) 14,617.30 8,147.30 8,844.10 7,810.80 12,564.50
Total Enterprise Value($M) 14,405.70 7,925.60 8,578.80 7,539 12,274.50
Total Enterprise Value Plus JV Debt($M) NA NA NA NA NA
Income Statement ($000)
Rental Revenue NA NA NA NA NA
Rental Net Operating Income NA NA NA NA NA
NOI NA NA NA NA NA
Gain on Sale of Real Estate NA NA NA NA NA
Interest Expense 241,945 278,471 178,355 167,201 184,129
Revenue NA NA NA NA NA
Expense NA NA NA NA NA
Extraordinary Items 0 0 0 0 0
Net Income (297,631) (105,966) 181,154 (45,517) (31,205)
Net Income Attributable to Noncontrolling Int 0 0 0 0 0
Net Income Attributable to Parent (297,631) (105,966) 181,154 (45,517) (31,205)
Net Income Avail to Common (306,164) (122,998) 165,274 (61,139) (46,827)
FFO NA NA NA NA NA
Operating Funds from Operations, as Reported NA NA NA NA NA
Adjusted FFO NA NA NA NA NA
Modified FFO NA NA NA NA NA
Financial Analysis
ROAA(%) (4.64) (1.25) 2.15 (0.45) (0.21)
ROAE(%) (43.49) (8.68) 14.66 (3.95) (2.03)
Implied Capitalization Rate(%) NA NA NA NA NA
Dividend Payout Ratio(%) NM NM 59.23 NM NM
Dividend Yield(%) 10.94 11.12 8.86 12.17 18.20
FFO Payout(%) NA NA NA NA NA
FFO/ Total Revenue(%) NA NA NA NA NA
Price/ LTM FFO(x) NA NA NA NA NA
Price/ LTM AFFO(x) NA NA NA NA NA
Price/ Last-twelve-months EPS(x) NM NM 6.20 NM NM
Recurring EBITDA/ Interest Expense(x) (0.23) 0.62 2.02 0.69 0.83
Recurring EBITDA/ Interest Expense + Pref. Div.(x) (0.22) 0.58 1.85 0.63 0.77
Debt and Preferred/ TEV(%) NA NA NA NA NA
Total Debt/ Gross Properties(%) NA NA NA NA NA
Loans/ Assets(%) 0.70 1.24 1.18 0 0
Credit Lines Drawn/ Available(%) NA NA NA NA NA
Changes and Trends (%)
Same-store NOI: Change NA NA NA NA NA
Same-store Revenue: Change from Prior NA NA NA NA NA
FFO Growth NA NA NA NA NA
FFO/Share Growth NA NA NA NA NA
EPS Growth, before Extraordinary NM NM NM NM NM
Real Estate Investment Growth NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding 59,192,390 43,702,864 41,877,404 36,723,579 36,682,436
Closing Price 18.64 20.50 25.72 21.69 21.76
Basic EPS before Extra (5.40) (2.92) 4.22 (1.67) (1.09)
Diluted EPS before Extra (5.40) (2.92) 4.17 (1.67) (1.09)
FFO/ Share NA NA NA NA NA
Operating FFO per Share, as Reported NA NA NA NA NA
AFFO per Share NA NA NA NA NA
Modified FFO per Share NA NA NA NA NA
Common Dividends Declared per Share 1.12 2.28 2.47 3.02 2.93
NAV per Share, as Reported NA NA NA NA NA
Debt Maturity Schedule ($000)
Debt Maturing: Current FY NA NA NA NA NA
Debt Maturing: Next FY NA NA NA NA NA
Debt Maturing: FY2 NA NA NA NA NA
Debt Maturing: FY3 NA NA NA NA NA
Debt Maturing: FY4 NA NA NA NA NA
Debt Maturing: Thereafter NA NA NA NA NA
Principal Payments Schedule ($000)
Debt Due this Fiscal Year NA NA NA NA NA
Debt Due during Next Fiscal Year NA NA NA NA NA
Debt Due during Second Fiscal Year NA NA NA NA NA
Debt Due during Third Fiscal Year NA NA NA NA NA
Debt Due during Fourth Fiscal Year NA NA NA NA NA
Debt Due Thereafter NA NA NA NA NA
Adjustments to Debt Principal Schedule NA NA NA NA NA
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.