Overview Financials News + Filings Key Docs Charts Ownership Insiders
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| In millions, except per share items | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Minimum rents | | | | 333.3 | 310.8 | 371.5 | 417.7 | 398.3 |
| Expense recoveries | | | | | 188.0 | 239.8 | 272.5 | 258.3 |
| Other | | | | | 58.3 | 67.9 | 76.9 | 91.4 |
| Total revenues [+] | 60.1 | 257.2 | 256.9 | 255.4 | 557.2 | 679.1 | 767.2 | 748.0 |
| Tenant reimbursements | | | | | 188.0 | 239.8 | 272.5 | 258.3 |
| Lease / rental | 581.8 | | | 333.3 | 310.8 | 371.5 | 417.7 | 398.3 |
| Other | | | | | | | 32.3 | 31.6 |
| Other income | 55.2 | 62.2 | 50.7 | 28.7 | 24.9 | 32.6 | 32.3 | 31.6 |
| Revenue growth [+] | -76.6% | 0.1% | 0.6% | -54.2% | -18.0% | -11.5% | 2.6% | 16.0% |
| Minimum rents | | | | 7.2% | -16.3% | -11.1% | 4.9% | 16.3% |
| Expense recoveries | | | | | -21.6% | -12.0% | 5.5% | 12.6% |
| Cost of goods sold [+] | 87.5 | 87.3 | 94.5 | 78.8 | 58.1 | 65.1 | 71.2 | 73.2 |
| Other direct costs | 82.5 | | | | | | | |
| Gross profit | -27.4 | 169.9 | 162.4 | 176.6 | 499.0 | 614.0 | 695.9 | 674.8 |
| Gross margin | -45.6% | 66.1% | 63.2% | 69.2% | 89.6% | 90.4% | 90.7% | 90.2% |
| Selling, general and administrative [+] | 40.6 | 37.2 | 39.0 | 48.1 | 45.7 | 48.3 | 50.0 | 39.7 |
| General and administrative | 40.6 | 37.2 | 39.0 | 48.1 | 45.7 | 48.3 | 50.0 | 39.7 |
| Equity in earnings | 49.2 | 69.4 | 67.4 | 69.7 | 56.2 | 62.0 | 52.5 | 48.5 |
| Other operating expenses | -372.4 | -142.3 | -128.9 | -123.9 | 207.3 | 301.1 | 272.3 | 277.2 |
| EBITDA [+] | 353.6 | 344.5 | 319.7 | 322.2 | 302.3 | 326.5 | 426.1 | 406.4 |
| EBITDA growth | 2.6% | 7.7% | -0.8% | 6.6% | -7.4% | -23.4% | 4.8% | 14.1% |
| EBITDA margin | 588.4% | 133.9% | 124.4% | 126.1% | 54.3% | 48.1% | 55.5% | 54.3% |
| Depreciation and amortization | 188.4 | 179.3 | 167.8 | 138.1 | 106.4 | 120.2 | 155.8 | 149.5 |
| EBIT [+] | 165.2 | 165.2 | 151.9 | 184.0 | 195.9 | 206.3 | 270.3 | 256.9 |
| EBIT growth | 0.0% | 8.8% | -17.5% | -6.1% | -5.0% | -23.7% | 5.2% | 14.9% |
| EBIT margin | 274.9% | 64.2% | 59.1% | 72.0% | 35.2% | 30.4% | 35.2% | 34.3% |
| Non-recurring items [+] | 75.8 | 0.6 | 21.6 | | | 3.7 | | |
| Asset impairment | 72.2 | | | | | | | |
| Unusual expense | | | 7.8 | | | | | |
| Interest expense | 148.4 | 133.2 | 108.6 | 86.3 | 63.0 | 90.8 | 130.0 | 142.6 |
| Interest expense | 148.4 | 133.2 | 108.6 | 86.3 | 63.0 | 90.8 | 130.0 | 142.6 |
| Other income (expense), net [+] | 27.4 | 14.7 | 23.8 | 22.9 | 5.3 | | | |
| Other | | | | | | -42.8 | 1.3 | 0.3 |
| Pre-tax income | -31.6 | 46.1 | 45.5 | 120.7 | 138.1 | 111.8 | 140.3 | 114.3 |
| Income taxes | 6.3 | -0.2 | 0.1 | 2.2 | 2.2 | -2.3 | -3.4 | -5.0 |
| Tax rate | | | 0.2% | 1.8% | 1.6% | | | |
| Net income | 203.9 | 58.0 | 55.3 | 107.4 | 109.0 | 863.9 | 109.9 | 83.5 |
| Net margin | 339.4% | 22.5% | 21.5% | 42.0% | 19.6% | 127.2% | 14.3% | 11.2% |
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| Basic EPS [+] | $3.33 | $0.95 | $0.91 | $1.78 | $1.78 | $13.65 | $1.73 | $1.39 |
| Growth | 250.8% | 4.3% | -48.8% | 0.1% | -87.0% | 690.0% | 23.9% | 158.4% |
| Diluted EPS [+] | $3.28 | $0.95 | $0.91 | $1.76 | $1.75 | $13.31 | $1.70 | $1.36 |
| Growth | 246.5% | 4.5% | -48.7% | 0.6% | -86.8% | 681.8% | 25.1% | 159.4% |
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| Dividends per share [+] | $2.70 | $2.62 | $2.50 | $2.38 | $2.26 | $2.16 | $2.00 | $1.85 |
| Growth | 3.1% | 4.8% | 5.0% | 5.3% | 4.6% | 8.0% | 8.1% | 5.0% |
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| Shares outstanding (basic) [+] | 61.2 | 61.0 | 60.7 | 60.4 | 61.4 | 63.3 | 63.6 | 59.9 |
| Growth | 0.3% | 0.5% | 0.5% | -1.7% | -3.0% | -0.5% | 6.2% | 5.2% |
| Shares outstanding (diluted) [+] | 62.2 | 61.3 | 61.0 | 60.8 | 62.2 | 64.9 | 64.6 | 61.4 |
| Growth | 1.6% | 0.4% | 0.3% | -2.1% | -4.3% | 0.5% | 5.2% | 4.9% |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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