In millions, except per share items | Jun-30-17 | Mar-31-17 | Dec-31-16 | Sep-30-16 | Jun-30-16 | Mar-31-16 | Dec-31-15 | Sep-30-15 |
| 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q |
Revenues: |
Base rent | 363.3 | 353.8 | 345.0 | 332.0 | 320.2 | 309.5 | 298.6 | 294.8 |
Recoveries from tenants | 180.6 | 176.3 | 169.7 | 161.3 | 152.1 | 144.9 | 139.5 | 135.0 |
Other | 12.2 | 14.0 | 14.0 | 9.6 | 11.6 | 14.8 | 14.3 | 14.6 |
Total revenues [+] | 556.2 | 544.0 | 528.7 | 502.9 | 483.9 | 469.2 | 452.4 | 444.5 |
Tenant reimbursements | 180.6 | 176.3 | 169.7 | 161.3 | 152.1 | 144.9 | 139.5 | 135.0 |
Lease / rental | 363.3 | 353.8 | 345.0 | 332.0 | 320.2 | 309.5 | 298.6 | 294.8 |
Other real estate | 12.2 | 14.0 | 14.0 | 9.6 | 11.6 | 14.8 | 14.3 | 14.6 |
Other | | | | 1.3 | | | | 3.3 |
Revenue growth [+] | 14.9% | 15.9% | 16.9% | 13.2% | 11.3% | 11.0% | 8.3% | 8.7% |
Base rent | 13.5% | 14.3% | 15.6% | 12.6% | 10.3% | 7.4% | 4.5% | 5.0% |
Recoveries from tenants | 18.7% | 21.6% | 21.6% | 19.5% | 16.1% | 14.6% | 11.8% | 11.2% |
Cost of goods sold | 19.1 | 19.9 | 20.2 | 21.1 | 21.5 | 22.7 | 21.3 | 19.6 |
Gross profit | 537.1 | 524.2 | 508.5 | 481.9 | 462.5 | 446.6 | 431.1 | 424.9 |
Gross margin | 96.6% | 96.3% | 96.2% | 95.8% | 95.6% | 95.2% | 95.3% | 95.6% |
Selling, general and administrative [+] | 25.3 | 24.3 | 23.0 | 21.2 | 20.1 | 19.3 | 18.1 | 17.7 |
General and administrative | 25.3 | 24.3 | 23.0 | 21.2 | 20.1 | 19.3 | 18.1 | 17.7 |
Other operating expenses | 172.3 | 147.6 | 143.0 | 133.4 | 129.3 | 146.5 | 146.9 | 145.7 |
EBITDA [+] | 339.5 | 352.3 | 342.5 | 327.3 | 313.1 | 280.8 | 266.1 | 261.4 |
EBITDA growth | 8.5% | 25.5% | 28.7% | 25.2% | 21.2% | 9.5% | 2.5% | 1.4% |
EBITDA margin | 61.0% | 64.8% | 64.8% | 65.1% | 64.7% | 59.8% | 58.8% | 58.8% |
Depreciation and amortization | 112.8 | 110.1 | 107.8 | 106.1 | 105.0 | 104.9 | 104.0 | 102.8 |
EBIT [+] | 226.8 | 242.1 | 234.7 | 221.2 | 208.1 | 175.9 | 162.0 | 158.7 |
EBIT growth | 9.0% | 37.6% | 44.8% | 39.4% | 32.4% | 11.4% | -0.5% | -2.5% |
EBIT margin | 40.8% | 44.5% | 44.4% | 44.0% | 43.0% | 37.5% | 35.8% | 35.7% |
Non-recurring items [+] | 6.9 | | | 145.3 | 145.5 | | 122.5 | |
Loss (gain) on sale of assets | | | | 22.8 | 23.1 | | | |
Interest expense | 48.4 | 48.2 | 48.3 | 47.6 | 46.3 | 43.8 | 40.5 | 38.0 |
Interest expense | 48.4 | 48.2 | 48.3 | 47.6 | 46.3 | 43.8 | 40.5 | 38.0 |
Other income (expense), net [+] | -4.9 | 18.0 | 18.0 | 17.9 | 19.5 | -3.4 | -3.2 | -3.0 |
Amortization of financing costs and debt discount | -3.6 | -3.7 | -3.7 | -3.7 | -3.6 | -3.4 | -3.2 | -2.9 |
Gain (loss) on debt retirement | | | | -1.2 | | | | |
Pre-tax income | 166.5 | 189.1 | 181.5 | 46.3 | 35.7 | 6.3 | -4.1 | 117.7 |
Income taxes | -2.6 | 0.3 | 0.1 | 5.2 | 4.6 | 1.8 | 0.0 | -1.3 |
Tax rate | -1.6% | 0.2% | | 11.2% | 12.8% | 28.0% | 0.0% | -1.1% |
Minority interest | 39.6 | 42.6 | 42.3 | 12.1 | 11.5 | 8.7 | 6.9 | 31.6 |
Net income | 127.6 | 134.8 | 124.0 | 10.4 | 0.9 | -16.7 | -25.3 | 73.1 |
Net margin | 22.9% | 24.8% | 23.4% | 2.1% | 0.2% | -3.6% | -5.6% | 16.4% |
|
Basic EPS [+] | $1.69 | $1.80 | $1.71 | $0.15 | $0.01 | ($0.26) | ($0.39) | $1.12 |
Growth | 12663.1% | -805.9% | -540.5% | -86.9% | -98.8% | -122.5% | -132.3% | 2.0% |
Diluted EPS [+] | $1.67 | $1.78 | $1.69 | $0.15 | $0.01 | ($0.25) | ($0.39) | $1.11 |
Growth | 12613.3% | -803.2% | -539.0% | -86.8% | -98.8% | -122.5% | -132.4% | 2.0% |
|
Dividends per share [+] | $1.47 | $1.44 | $1.41 | $1.41 | $1.36 | $1.31 | $1.26 | $1.26 |
Growth | 8.1% | 9.9% | 11.9% | 11.9% | 14.3% | 17.0% | 20.0% | 20.0% |
|
Shares outstanding (basic) [+] | 75.6 | 74.8 | 72.4 | 70.4 | 67.9 | 65.6 | 65.2 | 65.3 |
Growth | 11.3% | 14.1% | 11.1% | 7.9% | 3.8% | 0.1% | -0.4% | 0.0% |
Shares outstanding (diluted) [+] | 76.5 | 75.7 | 73.3 | 71.1 | 68.5 | 66.1 | 65.7 | 66.0 |
Growth | 11.8% | 14.6% | 11.4% | 7.8% | 3.5% | -0.2% | -0.5% | 0.1% |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |