Financial Highlights
2020 FQ1 YTD
3/31/2020
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
Balance Sheet ($000)
Real Estate 802,290 790,894 789,335 758,327 712,315
Real Estate (Less Accumulated Depreciation) 651,468 644,578 661,223 647,301 619,990
Secured Debt 395,074 393,164 406,017 394,843 390,479
Total Debt 395,074 393,164 406,017 395,018 390,654
Total Liabilities 421,928 420,639 430,716 417,830 411,858
Equity Attributable to Common Shares 102,301 102,410 97,853 90,751 84,582
Equity Attributable to Partnership Units 183,710 176,637 185,898 183,024 174,073
Total Equity 286,011 279,047 283,751 273,775 258,655
Income Statement ($000)
Rental Revenue 29,906 119,460 116,051 114,280 108,063
Interest Expense 4,350 18,282 18,329 18,630 18,366
Total Revenue 30,235 120,884 118,425 118,019 109,681
Total Expense 26,463 104,825 100,163 100,189 97,100
Net Income 5,227 16,059 21,978 19,883 12,857
Net Income (Attributable to Partnership Units) 3,414 10,525 14,604 13,369 8,432
Net Income (Attributable Common Shares) 1,813 5,534 7,374 6,514 4,425
FFO 9,123 38,054 40,154 37,813 35,239
Modified FFO NA NA NA 39,188 37,320
Key Metrics
FFO Payout (%)(%) 0 74.15 66.49 66.84 64.36
FFO/ Total Revenue (%)(%) 30.17 31.48 33.91 32.04 32.13
Total Debt/ Gross Real Estate (%)(%) 49.24 49.71 51.44 52.09 54.84
FFO Growth (3.49) (5.23) 6.19 7.30 10.23
FFO/Share Growth (5.70) (7.90) 3.40 (0.70) 2.80
Per Share Information ($)
FFO / Share 0.33 1.40 1.52 1.47 1.48
Modified FFO per Share NA NA NA 1.53 1.56
Principal Payments Schedule ($000)
Debt Due this Fiscal Year 21,654 24,862 25,076 15,593 36,449
Debt Due during Next Fiscal Year 32,575 38,756 28,689 25,364 17,018
Debt Due during Second Fiscal Year 26,753 26,458 46,617 28,045 24,321
Debt Due during Third Fiscal Year 49,526 49,220 31,868 45,935 26,969
Debt Due during Fourth Fiscal Year 16,943 19,054 47,746 31,210 44,804
Debt Due Thereafter 249,471 236,688 228,343 251,420 243,950
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