In millions, except per share items | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 |
| 10-K | 10-K | 10-K | 10-K | 10-K |
Revenues: |
Rental income | 119.4 | 95.9 | 44.5 | 6.4 | |
Tenant recovery income | 42.3 | 33.3 | 15.5 | 2.0 | |
Other | 0.9 | 0.6 | 0.4 | 0.0 | |
Total revenues [+] | 162.6 | 129.8 | 60.4 | 8.4 | 0.0 |
Tenant reimbursements | 42.3 | 33.3 | 15.5 | 2.0 | |
Lease / rental | 119.4 | 95.9 | 44.5 | 6.4 | |
Other real estate | 0.9 | 0.6 | 0.4 | | |
Revenue growth [+] | 25.3% | 114.8% | 615.4% | | |
Rental income | 24.6% | 115.5% | 591.5% | | |
Tenant recovery income | 26.9% | 114.8% | 686.1% | | |
Cost of goods sold [+] | 52.4 | 42.4 | 20.3 | 0.0 | 0.0 |
Real estate taxes and insurance | 25.2 | 20.2 | 9.6 | | |
Real estate or leased property costs | 27.3 | 22.2 | 10.8 | | |
Gross profit | 110.2 | 87.4 | 40.1 | 8.4 | 0.0 |
Gross margin | 67.8% | 67.3% | 66.3% | 100.0% | |
Selling, general and administrative [+] | 19.4 | 18.1 | 3.7 | 1.6 | 0.1 |
General and administrative | 19.4 | 18.1 | 3.7 | 1.6 | 0.1 |
Other operating expenses | | -3.3 | | 8.1 | |
EBITDA [+] | 89.5 | 71.3 | 35.4 | -1.3 | |
EBITDA growth | 25.6% | 101.2% | -2894.3% | 774.5% | |
EBITDA margin | 55.1% | 54.9% | 58.6% | -15.0% | |
Depreciation | 55.7 | 44.2 | 19.4 | 2.2 | |
EBITA | 33.9 | 27.1 | 16.1 | -3.5 | -0.1 |
EBITA margin | 20.8% | 20.9% | 26.6% | -41.5% | |
Amortization of intangibles | 14.3 | 11.1 | 5.5 | 1.2 | |
EBIT [+] | 19.6 | 16.1 | 10.5 | -4.7 | -0.1 |
EBIT growth | 21.9% | 52.5% | -322.3% | 3171.0% | |
EBIT margin | 12.1% | 12.4% | 17.5% | -56.2% | |
Non-recurring items [+] | 6.5 | 10.8 | 13.7 | | |
Unusual expense | 6.0 | | | | |
Interest expense | 22.5 | 11.0 | 4.0 | 1.2 | |
Interest expense | 22.5 | 11.0 | 4.0 | 1.2 | |
Other income (expense), net [+] | -0.1 | 0.2 | 0.4 | 0.1 | |
Acquisition-related costs | | | | 5.4 | |
Other | -0.1 | 0.2 | 0.4 | 0.1 | |
Pre-tax income | -9.5 | -5.5 | -6.7 | -5.8 | -0.1 |
Income taxes | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Net income | -9.5 | -5.5 | -6.7 | -5.8 | -0.1 |
Net margin | -5.9% | -4.2% | -11.1% | -69.1% | |
|
Basic EPS [+] | ($0.20) | ($0.12) | ($0.18) | ($0.57) | ($16.11) |
Growth | 72.2% | -35.1% | -67.6% | -96.5% | |
Diluted EPS [+] | ($0.20) | ($0.12) | ($0.18) | ($0.57) | ($16.11) |
Growth | 72.2% | -35.1% | -67.6% | -96.5% | |
|
Dividends per share [+] | $0.84 | $0.80 | $0.72 | $0.63 | |
Growth | 5.6% | 10.7% | 13.6% | | |
|
Shares outstanding (basic) [+] | 46.5 | 46.2 | 36.5 | 10.3 | 0.0 |
Growth | 0.7% | 26.5% | 254.7% | 114366.7% | |
Shares outstanding (diluted) [+] | 46.5 | 46.2 | 36.5 | 10.3 | 0.0 |
Growth | 0.7% | 26.5% | 254.7% | 114366.7% | |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |