Our mission of providing dependable monthly income requires that we maintain a conservative financial structure that supports responsible growth and generates strong cash flow.
Note: We use “Adjusted Funds from Operations,” or AFFO, as an additional financial measurement to net income. To learn more about how AFFO is calculated, please view the Adjusted Funds from Operations document.
Summary of Financial Performance Highlights
As of and for year ended 12/31/13
As of and for the year ended 12/31/12
|Revenue||$778.4 million||$482.8 million|
|Adjusted Funds from Operations||$463.1 million||$274.2 million|
|AFFO Per Common Share||$2.41||$2.06|
|Net Income available to common stockholders||$203.6 million||$114.5 million|
|Net Income Per Common Share||$1.06||$0.86|
|Dividends Paid Per Common Share||$2.147||$1.772|
|Real Estate before accumulated depreciation||$9.9 billion||$5.9 billion|
|New Properties and Properties Under Development||974 properties||439 properties|
|Investment in Real Estate||$4.7 billion||$1.16 billion|
|Properties Sold||75 properties||44 properties|
|Property Occupancy Rate||98.2%||97.2%|
|Weighted average remaining lease length||10.8 years||11.0 years|
View the following reports as of and for the year ended 12/31/13.
View the following tables for information regarding our real estate portfolio as of and for the year ended 12/31/13.