SELECT INCOME REIT (SIR) [Rocket]

In millions, except per share items	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12	Dec-31-11	Dec-31-10
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Equity in earnings	0.6	0.1	0.0	0.1	0.3	0.3
Pre-tax income before non-recurring items	68.1	122.5	97.4	113.2	94.7	68.4	68.9	61.0
Non-recurring items	1.3	5.8	22.0	7.3	2.0	2.5		0.4
Pre-tax income	66.8	116.7	75.4	105.9	92.7	65.9	68.9	60.6
Income taxes	0.5	0.4	0.5	-0.2	0.1	0.3	0.0	0.0
Tax rate	0.7%	0.4%	0.7%		0.1%	0.4%	0.0%	0.0%
Net income	66.9	116.4	74.9	105.9	93.1	65.9	68.9	60.6
Net margin	14.3%	25.2%	17.5%	47.6%	49.4%	53.6%	63.5%	63.1%

Basic EPS	$0.75	$1.30	$0.86	$1.89	$2.09	$2.43
Diluted EPS	$0.75	$1.30	$0.86	$1.89	$2.09	$2.43

Shares outstanding (basic)	89.4	89.3	86.7	56.0	44.5	27.1
Shares outstanding (diluted)	89.4	89.3	86.7	56.0	44.6	27.1

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.