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Financial Information

Income Statement

	2009 Y	2010 Y	2011 Y	2012 Y
Period Ended	12/31/2009	12/31/2010	12/31/2011	12/31/2012
Revenues ($000)
Interest Income	NA	NA	NA	NA
Rental Revenue	306,929	297,977	289,527	304,983
Operating RE Revenue	0	0	0	0
Partnership Income	0	0	0	0
Property Management Revenue	0	0	0	0
Franchise Fees	0	0	0	0
Nonrecurring Revenue	73	7	0	0
Other Noninterest Income	1,205	1,193	1,144	975
Revenue	308,207	299,177	290,671	305,958

Expenses ($000)
Interest Expense	75,001	68,389	66,473	64,697
Rental Operating Expense	104,573	97,722	97,192	103,276
Operating RE Expense	0	0	0	0
Real Estate Depreciation & Amortization	94,042	93,992	93,297	103,067
Provision for Loan Losses	0	0	0	0
Advisory Fees	0	0	0	0
Non-Real Estate Depreciation	4,555	3,969	3,733	3,854
General & Administrative Expense	9,351	10,437	11,995	11,389
Property Acquisition Fees	0	1,161	3,607	234
Asset Writedowns	0	0	14,526	2,097
Other Nonrecurring Expense	(5,336)	10,376	976	0
Other Expense	0	0	0	0
Expense	282,186	284,885	288,192	288,380

Net Income ($000)
Net Income before Gain on Sale of Real Estate	26,021	13,131	(1,128)	17,344
Gain on Sale of Real Estate	0	0	0	0
Total Minority Interest Expense	0	0	0	0
Provision for Taxes	0	0	0	245
Trust Preferred Distributions	0	0	0	0
Net Income before Extra	26,021	13,131	(1,128)	17,099
Extraordinary Items	14,927	24,428	106,506	6,609
Net Income	40,948	37,559	105,378	23,708
Net Income Attributable to Noncontrolling Int	203	133	494	0
Net Income Attributable to Parent	40,745	37,426	104,884	23,708
Preferred Dividends	0	0	0	0
Issue Costs of Redeemed Preferred Stock	0	0	0	0
Net Income Avail to Common	40,634	37,282	104,172	23,126

Per Share Information ($)
Diluted EPS after Extraordinary	0.71	0.60	1.58	0.35
FFO / Share	2.14	1.79	1.66	1.84
AFFO per Share	1.69	1.49	1.54	1.48
Distributable Income per Share	NA	NA	NA	NA
Regular Dividends Paid	1.73	1.73	1.74	1.47
Regular Dividends Declared	1.73	1.73	1.74	1.47
Total Dividends Paid	1.73	1.73	1.74	1.47
Common Dividends Declared per Share	1.73	1.73	1.74	1.47
Avg Diluted Shares Out (actual)	56,968,000	62,264,000	65,982,000	66,376,000


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