In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
Rental income | | | | 912.3 | 854.3 | 786.6 | 727.8 | 666.3 |
Other | | | | 3.1 | 3.1 | 15.0 | 16.2 | 19.8 |
Revenues [+] | 951.2 | 835.5 | 935.8 | 915.4 | 857.3 | 801.6 | 744.0 | 686.1 |
Lease / rental | | | | 912.3 | 854.3 | 786.6 | 727.8 | 666.3 |
Other real estate | | | | | | | 11.8 | 14.8 |
Revenue growth [+] | 13.9% | -10.7% | 2.2% | 6.8% | 7.0% | 7.7% | 8.4% | 7.6% |
Rental income | | | | 6.8% | 8.6% | 8.1% | 9.2% | |
Cost of goods sold [+] | 537.3 | 476.2 | 510.8 | 473.6 | 283.5 | 266.2 | 243.6 | 222.5 |
Real estate taxes and insurance | 118.5 | 119.2 | 110.9 | 114.8 | 107.8 | 95.3 | 85.8 | 76.5 |
Real estate or leased property costs | 198.1 | 170.9 | 187.8 | 173.1 | 164.9 | 158.3 | 147.6 | 135.4 |
Other direct costs | 198.1 | 170.9 | 187.8 | 173.1 | | | | |
Gross profit | 413.9 | 359.3 | 425.0 | 441.8 | 573.9 | 535.4 | 500.4 | 463.6 |
Gross margin | 43.5% | 43.0% | 45.4% | 48.3% | 66.9% | 66.8% | 67.3% | 67.6% |
Selling, general and administrative [+] | 49.9 | 41.7 | 42.8 | 33.6 | 36.3 | 33.4 | 35.6 | 32.3 |
General and administrative | 49.9 | 41.7 | 42.8 | 33.6 | 36.3 | 33.4 | 35.6 | 32.3 |
Equity in earnings | 1.2 | -8.1 | -2.0 | -3.4 | -0.4 | 0.1 | 1.4 | 1.2 |
Other operating expenses | -310.6 | -226.9 | -328.5 | -197.7 | -88.6 | -12.5 | -10.2 | -10.5 |
EBITDA [+] | 675.9 | 536.5 | 708.7 | 602.5 | 625.8 | 514.6 | 476.4 | 443.1 |
EBITDA growth | 26.0% | -24.3% | 17.6% | -3.7% | 21.6% | 8.0% | 7.5% | 73.3% |
EBITDA margin | 71.1% | 64.2% | 75.7% | 65.8% | 73.0% | 64.2% | 64.0% | 64.6% |
Depreciation and amortization | 280.0 | 255.0 | 239.8 | 244.2 | 216.1 | 193.6 | 174.8 | 170.8 |
EBIT [+] | 396.0 | 281.5 | 468.9 | 358.2 | 409.8 | 321.0 | 301.6 | 272.3 |
EBIT growth | 40.7% | -40.0% | 30.9% | -12.6% | 27.6% | 6.5% | 10.8% | 6.5% |
EBIT margin | 41.6% | 33.7% | 50.1% | 39.1% | 47.8% | 40.1% | 40.5% | 39.7% |
Interest expense, net [+] | 126.9 | 134.4 | 108.4 | 109.2 | 99.7 | 94.6 | 92.4 | 93.8 |
Interest expense | 127.7 | 136.3 | 109.6 | 110.2 | 100.1 | 95.0 | 92.6 | 93.9 |
Interest income | 0.8 | 1.9 | 1.3 | 0.9 | 0.5 | 0.4 | 0.1 | 0.1 |
Other income (expense), net [+] | | -11.2 | | | -12.3 | | -19.1 | -10.5 |
Asset impairment charges | | -57.2 | | | | | | |
Gain (loss) on sale of assets | 90.0 | 98.1 | 116.4 | 11.9 | | | | |
Gain (loss) on debt retirement | | -11.2 | | | -12.3 | | -19.1 | -10.5 |
Pre-tax income | 269.1 | 135.9 | 360.5 | 249.0 | 297.9 | 226.4 | 190.1 | 167.9 |
Income taxes | 7.6 | 4.2 | 6.7 | 7.1 | 8.0 | -23.5 | -20.1 | 3.4 |
Tax rate | 2.8% | 3.1% | 1.9% | 2.9% | 2.7% | | | 2.0% |
Minority interest | 7.6 | 4.2 | 6.7 | 7.1 | 8.0 | 9.0 | 8.2 | 7.8 |
Net income | 253.5 | 123.7 | 345.8 | 233.9 | 287.5 | 249.4 | 209.7 | 164.0 |
Net margin | 26.6% | 14.8% | 37.0% | 25.5% | 33.5% | 31.1% | 28.2% | 23.9% |
|
Basic EPS [+] | $3.28 | $1.64 | $4.63 | $3.19 | $3.99 | $3.52 | $3.05 | $2.44 |
Growth | 100.1% | -64.6% | 44.9% | -19.9% | 13.3% | 15.4% | 25.1% | 15.9% |
Diluted EPS [+] | $1.09 | $1.64 | $4.63 | $3.19 | $3.98 | $3.51 | $3.04 | $2.43 |
Growth | -33.3% | -64.6% | 45.0% | -19.8% | 13.4% | 15.5% | 25.1% | 15.9% |
|
Dividends per share [+] | $4.25 | $4.21 | $4.11 | $4.02 | $3.94 | $3.80 | $3.55 | |
Growth | 1.0% | 2.4% | 2.2% | 2.0% | 3.7% | 7.0% | | |
|
Shares outstanding (basic) [+] | 77.3 | 75.5 | 74.8 | 73.3 | 72.1 | 70.9 | 68.8 | 67.3 |
Growth | 2.4% | 1.0% | 2.0% | 1.6% | 1.7% | 3.0% | 2.2% | 3.0% |
Shares outstanding (diluted) [+] | 232.1 | 75.5 | 74.8 | 73.3 | 72.2 | 71.0 | 69.0 | 67.5 |
Growth | 207.3% | 1.0% | 2.0% | 1.5% | 1.7% | 3.0% | 2.2% | 3.1% |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |