2015 Annual Report

Financial Highlights

Dividends Paid (per share)
as of December 31
Funds from Operations
(FFO)* (per share)
as of December 31
Total Revenue (in thousands)
as of December 31
Total Market Capitalization
(TMC, in thousands)**
as of December 31
Balance Sheet Data - Year Ended December 31
(In thousands, except per share amounts)
2011 2012 2013 2014 2015
Total assets $1,407,348 $1,526,068 $2,044,034 $1,936,390 $1,921,368
Total liabilities $485,981 $661,319 $993,868 $956,743 $985,712
Total shareholders’ equity $921,367 $864,749 $1,050,166 $979,647 $935,656
Shares outstanding at year-end 82,937 82,937 100,187 $100,187 $100,187
Shareholders’ equity per share $11.11 $10.42 $10.48 $9.78 $9.34
Dividends paid for the year ended Dec. 31 $62,177 $63,032 $69,588 $76,142 $76,142

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* FFO is a non-GAAP financial measure currently used in the real estate industry that we believe provides useful information to investors. Please refer to page A-1 of this Annual Report for a definition of FFO and a reconciliation of net income to FFO.

** The Company calculates Total Market Capitalization as the sum of the closing share price for the date of the calculation multiplied by the number of shares outstanding on the date of the calculation, plus the sum of debt outstanding on the date of the calculation.