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Trend Analysis--Annual (click here for Quarterly Analysis)

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Funds From Operations
	2012Y	2011Y	2012/ 2011 Ch (%)	2010Y	2011/ 2010 Ch (%)
Funds from Operations ($000)	122,518	110,058	11.32	111,566	(1.35)
FFO per Share ($)	1.84	1.66	10.84	1.79	(7.26)
AFFO per Share	1.48	1.54	(3.90)	1.49	3.36

Income Statement ($000)
	2012Y	2011Y	2012/ 2011 Ch (%)	2010Y	2011/ 2010 Ch (%)
Rental Revenue	304,983	289,527	5.34	297,977	(2.84)
Partnership Income	0	0	0.00	0	0.00
Total Revenue	305,958	290,671	5.26	299,177	(2.84)
Rental Operating Expense	103,276	97,192	6.26	97,722	(0.54)
Expenses	288,380	288,192	0.07	284,885	1.16
Net Income	23,708	105,378	(77.50)	37,559	180.57
Rental NOI	201,707	192,335	4.87	200,255	(3.95)
Diluted EPS before Extraordinary Items ($)	0.25	(0.02)	NM	0.21	NM
Diluted EPS after Extraordinary Items ($)	0.35	1.58	(77.85)	0.60	163.33
Dividends Declared per Common Share ($)	1.4675	1.7350	(15.42)	1.7313	0.22
Avg Diluted Shares Out (actual)	66,376,000	65,982,000	0.60	62,264,000	5.97

Balance Sheet ($000)
	2012Y	2011Y	2012/ 2011 Ch (%)	2010Y	2011/ 2010 Ch (%)
Properties at Cost: Operational	2,462,546	2,406,783	2.32	2,416,887	(0.42)
Accumulated Depreciation	604,614	535,732	12.86	538,786	(0.57)
Net Properties: Operational	1,857,932	1,871,051	(0.70)	1,878,101	(0.38)
Land Held for Development	NA	NA	NA	NA	NA
Total Real Estate Investments	1,925,892	1,921,440	0.23	1,913,141	0.43
Total Assets	2,124,376	2,120,758	0.17	2,167,881	(2.17)
Total Debt	1,249,160	1,184,180	5.49	1,233,758	(4.02)
Total Liabilities	1,328,233	1,257,926	5.59	1,307,023	(3.76)
Common Equity	792,057	859,044	(7.80)	857,080	0.23
Common Shares Outstanding (actual)	66,437,097	66,265,000	0.26	65,870,000	0.60
Convertible Operating Partnership Units (actual)	0	0	0.00	0	0.00

Same Store Operations
	2012Y	2011Y	2012/ 2011 Ch (bp)	2010Y	2011/ 2010 Ch (bp)
Same-store NOI: Change from Prior (%)	0.40	1.30	(90)	(1.10)	240

EBITDA
	2012Y	2011Y	2012/ 2011 Ch (bp)	2010Y	2011/ 2010 Ch (bp)
Recurring EBITDA/ Interest Expense (x)	2.94	2.67	27 (100bp)	2.76	(10) (100bp)
Recurring EBITDA/ Interest & Preferred Dividends (x)	2.94	2.67	27 (100bp)	2.76	(10) (100bp)

Income Statement Ratios
	2012Y	2011Y	2012/ 2011 Ch (bp)	2010Y	2011/ 2010 Ch (bp)
Dividend Payout to FFO (%)	79.76	104.52	(24)	96.72	8
G&A/ Revenue (%)	3.72	4.13	(10)	3.49	18

Profitability Ratios
	2012Y	2011Y	2012/ 2011 Ch (bp)	2010Y	2011/ 2010 Ch (bp)
Return on Average Assets (%)	1.10	4.80	(369)	1.77	303
Return on Average Equity (%)	2.87	12.46	(958)	4.74	772


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