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
For the twelve months ended 12/31/14
For the twelve months ended 12/31/13
|Revenue||$933.5 million||$780.2 million|
|Adjusted Funds from Operations||$561.7 million||$463.1 million|
|AFFO Per Common Share||$2.57||$2.41|
|Net Income available to common stockholders||$227.6 million||$203.6 million|
|Net Income Per Common Share||$1.04||$1.06|
|Dividends Paid Per Common Share||$2.192||$2.147|
|Real Estate before accumulated depreciation||$11.2 billion||$9.9 billion|
|New Properties and Properties Under Development||506 properties||459 properties|
|Investment in Real Estate||$1.4 billion||$1.5 billion|
|Properties Sold||46 properties||75 properties|
|Property Occupancy Rate||98.4%||98.2%|
|Weighted average remaining lease length||10.2 years||10.8 years|
View the following reports for the twelve months ended 12/31/14.
View the following tables for information regarding our real estate portfolio for the twelve months ended 12/31/14.