|

FUNDS FROM OPERATIONS
(dollars in thousands, except per share data)
|
 |
 Three Months Ended 12/31/00 |
 Three Months Ended 12/31/99 |
 Year Ended 12/31/00 |
 Year Ended 12/31/99 |
 |
| Net income available to common stockholders |
$ 14,234 |
$ 10,303 |
$ 45,076 |
$ 41,012 |
| Plus depreciation and amortization |
8,498 |
6,965 |
29,003 |
25,952 |
| Less: |
|
|
|
|
| Extraordinary Item |
|
355 |
|
355 |
| Depreciation of furniture, fixtures and equipment and amoritization of organization costs |
(29) |
(33) |
(128) |
(101) |
| Gain on sale of investment properties |
(4,881) |
(65) |
(6,712) |
(1,301) |
 |
| Funds from operations |
$ 17,822 |
$ 17,525 |
$ 67,239 |
$ 65,917 |
 |
| Dividends paid to common stockholders |
$ 14,650 |
$ 14,283 |
$ 58,262 |
$ 55,925 |
| FFO in excess of dividends |
$ 3,172 |
$ 3,242 |
$ 8,977 |
$ 9,992 |
| Basic and diluted FFO per common share |
$ 0.67 |
$ 0.65 |
$ 2.52 |
$ 2.46 |
| Weighted average number of common shares used for: |
|
|
|
|
| Basic per share computation |
26,571,992 |
26,822,171 |
26,684,598 |
26,822,285 |
| Diluted per share computation |
26,595,574 |
26,824,979 |
26,700,806 |
26,826,090 |
|