Saul Centers, Inc(NYSE:BFS) 
Saul Centers, Inc. is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 60 properties which includes (a) 50 community and neighborhood shopping centers and seven mixed-use properties with approximately 9...
Website: http://www.saulcenters.com
Founded: 1993
Full Time Employees: 116
Sector: Real Estate
Industry: REIT-Retail
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-08-02 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-12-31 | 2004-09-30 | 2004-06-30 | 2004-03-31 |
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revenues | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rental revenue | 76,822,000 | 73,713,000 | 70,679,000 | 69,426,000 | 70,547,000 | 66,634,000 | 65,550,000 | 63,695,000 | 65,299,000 | 62,858,000 | 62,369,000 | 62,002,000 | 61,829,000 | 61,072,000 | 59,951,000 | 59,134,000 | 60,680,000 | 58,881,000 | 59,058,000 | 58,818,000 | 57,756,000 | 57,114,000 | 55,749,000 | 52,002,000 | 55,415,000 | 55,110,000 | 55,487,000 | 55,953,000 | 56,803,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | 1,437,000 | 1,436,000 | 1,325,000 | 1,408,000 | 1,309,000 | 1,290,000 | 1,738,000 | 3,248,000 | 1,393,000 | 3,825,000 | 1,397,000 | 1,707,000 | 1,220,000 | 1,264,000 | 1,136,000 | 1,159,000 | 1,464,000 | 1,359,000 | 1,198,000 | 1,186,000 | 968,000 | 1,170,000 | 1,011,000 | 1,218,000 | 1,528,000 | 1,472,000 | 1,565,000 | 2,188,000 | 2,947,000 | 2,426,000 | 1,494,000 | 1,431,000 | 1,440,000 | 1,511,000 | 1,338,000 | 1,476,000 | 5,014,000 | 1,537,000 | 1,464,000 | 1,642,000 | 1,642,000 | 4,398,000 | 1,729,000 | 1,607,000 | 1,480,000 | 1,439,000 | 1,534,000 | 1,222,000 | 2,970,000 | 3,143,000 | 1,205,000 | 1,583,000 | 1,455,000 | 1,232,000 | 1,171,000 | 1,296,000 | 1,511,000 | 1,401,000 | 1,669,000 | 1,285,000 | 1,342,000 | 1,322,000 | 1,008,000 | 1,132,000 | 1,028,000 | 2,868,000 | 1,222,000 | 1,138,000 | 909,000 | 1,211,000 | 1,125,000 | 1,576,000 | 1,177,000 | 893,000 | 1,314,000 | 1,063,000 | 952,000 | 863,000 | 851,000 | 996,000 | 879,000 | 728,000 | 1,008,000 | 2,748,000 | 1,036,000 | 691,000 | 952,000 | 832,000 | 859,000 | 727,000 |
total revenue | 78,259,000 | 75,149,000 | 72,004,000 | 70,834,000 | 71,856,000 | 67,924,000 | 67,288,000 | 66,943,000 | 66,692,000 | 66,683,000 | 63,766,000 | 63,709,000 | 63,049,000 | 62,336,000 | 61,087,000 | 60,293,000 | 62,144,000 | 60,240,000 | 60,256,000 | 60,004,000 | 58,724,000 | 58,284,000 | 56,760,000 | 53,220,000 | 56,943,000 | 56,582,000 | 57,052,000 | 58,141,000 | 59,750,000 | 56,496,000 | 56,675,000 | 56,237,000 | 55,907,000 | 58,466,000 | 54,201,000 | 53,233,000 | 52,710,000 | 52,710,000 | 56,926,000 | 52,902,000 | 52,376,000 | 51,711,000 | 52,088,000 | 51,264,000 | 50,595,000 | 52,286,000 | 52,947,000 | 50,146,000 | 49,756,000 | 48,809,000 | 49,186,000 | 47,934,000 | 47,534,000 | 47,520,000 | 47,104,000 | 46,970,000 | 42,878,000 | 42,779,000 | 41,820,000 | 40,295,000 | 39,551,000 | 40,121,000 | 43,648,000 | 41,735,000 | 40,273,000 | 39,416,000 | 39,689,000 | 40,571,000 | 40,947,000 | 40,105,000 | 38,722,000 | 38,810,000 | 38,014,000 | 37,077,000 | 36,684,000 | 35,903,000 | 34,860,000 | 33,748,000 | 33,467,000 | 32,774,000 | 33,182,000 | 30,752,000 | 30,307,000 | 29,569,000 | 29,044,000 | 27,888,000 | 26,341,000 | |||
yoy | 8.91% | 10.64% | 7.01% | 5.81% | 7.74% | 1.86% | 5.52% | 5.08% | 5.78% | 6.97% | 4.39% | 5.67% | 1.46% | 3.48% | 1.38% | 0.48% | 5.82% | 3.36% | 6.16% | 12.75% | 3.13% | 3.01% | -0.51% | -8.46% | -4.70% | 5.76% | -3.37% | 4.56% | 5.64% | 6.07% | 10.92% | -4.79% | 0.63% | 0.64% | 1.93% | 9.29% | 3.20% | 3.52% | -1.10% | -1.62% | 2.23% | 1.69% | 7.12% | 7.65% | 4.61% | 4.67% | 2.71% | 4.42% | 2.05% | 10.86% | 11.08% | 12.64% | 16.57% | 8.41% | 6.62% | -4.19% | -3.45% | -1.79% | 1.79% | 9.98% | 2.87% | -1.65% | -1.72% | 2.50% | 4.54% | 7.72% | 8.17% | 5.56% | 8.10% | 9.05% | 9.86% | 9.61% | 9.55% | 5.06% | 9.74% | 10.43% | 10.84% | 14.25% | 10.27% | 15.06% | ||||||||||
qoq | 4.14% | 4.37% | 1.65% | -1.42% | 5.79% | 0.95% | 0.52% | 0.38% | 0.01% | 4.57% | 0.09% | 1.05% | 1.14% | 2.04% | 1.32% | -2.98% | 3.16% | -0.03% | 0.42% | 2.18% | 0.75% | 2.68% | 6.65% | -6.54% | 0.64% | -0.82% | -1.87% | -2.69% | -0.32% | 0.78% | 0.59% | -4.38% | 7.87% | 1.82% | 0.99% | 0.00% | -7.41% | 7.61% | 1.00% | 1.29% | -0.72% | 1.61% | 1.32% | -3.23% | -1.25% | 5.59% | 0.78% | 1.94% | -0.77% | 2.61% | 0.84% | 0.03% | 0.88% | 0.29% | 9.54% | 0.23% | 2.29% | 3.78% | 1.88% | -1.42% | -8.08% | 4.58% | 3.63% | 2.17% | -0.69% | -2.17% | -0.92% | 2.10% | 3.57% | -0.23% | 2.09% | 2.53% | 1.07% | 2.18% | 2.99% | 3.30% | 0.84% | 2.11% | -1.23% | 7.90% | 1.47% | 2.50% | 1.81% | 4.15% | 5.87% | |||||
expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property operating expenses | 15,739,000 | 14,844,000 | 12,024,000 | 11,424,000 | 13,742,000 | 11,407,000 | 10,111,000 | 9,656,000 | 10,545,000 | 9,987,000 | 9,720,000 | 8,997,000 | 8,785,000 | 9,760,000 | 8,995,000 | 7,641,000 | 9,538,000 | 8,461,000 | 8,210,000 | 7,524,000 | 8,686,000 | 7,995,000 | 7,416,000 | 6,410,000 | 7,036,000 | 7,305,000 | 7,525,000 | 7,115,000 | 8,001,000 | 7,436,000 | 6,910,000 | 6,732,000 | 7,123,000 | 7,146,000 | 7,418,000 | 6,473,000 | 6,652,000 | 6,787,000 | 6,685,000 | 6,060,000 | 6,060,000 | 7,995,000 | 6,445,000 | 6,308,000 | 6,196,000 | 7,616,000 | 6,440,000 | 6,316,000 | 6,138,000 | 7,585,000 | 6,463,000 | 6,106,000 | 6,041,000 | 5,949,000 | 6,019,000 | 5,977,000 | 6,009,000 | 5,789,000 | 6,657,000 | 5,829,000 | 5,827,000 | 6,633,000 | 5,492,000 | 5,199,000 | 4,902,000 | 7,679,000 | 6,274,000 | 4,919,000 | 4,845,000 | 5,370,000 | 5,005,000 | 5,360,000 | 4,527,000 | 4,985,000 | 4,833,000 | 4,777,000 | 4,343,000 | 4,805,000 | 4,083,000 | 4,264,000 | 3,963,000 | 3,968,000 | 4,031,000 | 3,437,000 | 3,483,000 | 3,773,000 | 3,122,000 | 3,186,000 | 2,870,000 | 2,892,000 |
real estate taxes | 8,464,000 | 8,292,000 | 8,154,000 | 8,016,000 | 7,984,000 | 7,490,000 | 7,620,000 | 7,608,000 | 7,623,000 | 7,061,000 | 7,641,000 | 7,453,000 | 7,495,000 | 6,936,000 | 7,078,000 | 7,156,000 | 7,418,000 | 6,626,000 | 7,154,000 | 7,138,000 | 7,829,000 | 7,533,000 | 7,523,000 | 7,351,000 | 7,153,000 | 6,906,000 | 7,114,000 | 6,819,000 | 7,148,000 | 6,817,000 | 6,937,000 | 6,778,000 | 6,845,000 | 6,873,000 | 6,834,000 | 6,700,000 | 6,590,000 | 6,414,000 | 6,195,000 | 6,137,000 | 6,137,000 | 5,934,000 | 5,953,000 | 5,933,000 | 5,876,000 | 5,901,000 | 5,723,000 | 5,594,000 | 5,584,000 | 5,453,000 | 5,609,000 | 5,610,000 | 5,433,000 | 5,763,000 | 5,397,000 | 5,546,000 | 5,538,000 | 5,844,000 | 4,604,000 | 4,743,000 | 4,656,000 | 4,482,000 | 4,295,000 | 4,367,000 | 4,452,000 | 4,685,000 | 4,199,000 | 4,531,000 | 4,620,000 | 4,416,000 | 4,078,000 | 4,241,000 | 4,278,000 | 4,011,000 | 3,462,000 | 3,558,000 | 3,538,000 | 3,526,000 | 3,328,000 | 3,129,000 | 2,994,000 | 3,052,000 | 2,870,000 | 2,830,000 | 2,757,000 | 2,583,000 | 2,585,000 | 2,325,000 | 2,488,000 | 2,391,000 |
interest expense, net and amortization of deferred debt costs | 19,650,000 | 19,915,000 | 17,066,000 | 16,820,000 | 16,747,000 | 16,768,000 | 12,213,000 | 12,267,000 | 12,448,000 | 12,635,000 | 12,419,000 | 12,278,000 | 11,821,000 | 11,775,000 | 11,103,000 | 10,457,000 | 10,602,000 | 10,865,000 | 10,914,000 | 11,657,000 | 11,988,000 | 12,508,000 | 12,398,000 | 12,019,000 | 9,594,000 | 9,649,000 | 10,325,000 | 10,793,000 | 11,067,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization of deferred leasing costs | 15,916,000 | 16,057,000 | 14,106,000 | 14,098,000 | 14,523,000 | 14,400,000 | 12,072,000 | 12,001,000 | 12,029,000 | 12,203,000 | 12,096,000 | 12,114,000 | 12,017,000 | 13,533,000 | 13,713,000 | 12,600,000 | 11,281,000 | 11,148,000 | 12,018,000 | 11,524,000 | 11,643,000 | 11,905,000 | 11,256,000 | 11,351,000 | 11,349,000 | 11,298,000 | 11,363,000 | 11,691,000 | 11,342,000 | 10,939,000 | 11,626,000 | 10,817,000 | 10,817,000 | 11,035,000 | 10,888,000 | 11,131,000 | 10,811,000 | 10,440,000 | 10,458,000 | 10,256,000 | 10,309,000 | 10,180,000 | 9,814,000 | 10,492,000 | 12,472,000 | 16,352,000 | 10,296,000 | 10,268,000 | 9,770,000 | 9,778,000 | 10,092,000 | 8,512,000 | 8,472,000 | 8,324,000 | 7,109,000 | 7,031,000 | 7,317,000 | 7,073,000 | 7,056,000 | 7,084,000 | 7,083,000 | 7,041,000 | 7,364,000 | 8,487,000 | 6,989,000 | 6,943,000 | 6,988,000 | 6,525,000 | 6,503,000 | 6,448,000 | ||||||||||||||||||||
general and administrative | 6,447,000 | 7,847,000 | 6,658,000 | 6,415,000 | 6,012,000 | 7,501,000 | 5,680,000 | 6,102,000 | 5,784,000 | 7,334,000 | 5,179,000 | 5,678,000 | 5,268,000 | 6,404,000 | 5,555,000 | 5,665,000 | 4,768,000 | 6,018,000 | 4,626,000 | 4,929,000 | 4,678,000 | 5,317,000 | 4,107,000 | 4,632,000 | 5,050,000 | 6,097,000 | 4,742,000 | 5,140,000 | 4,814,000 | 5,251,000 | 4,141,000 | 4,647,000 | 4,420,000 | 4,998,000 | 4,363,000 | 4,514,000 | 4,301,000 | 4,996,000 | 4,033,000 | 4,407,000 | 4,407,000 | 4,060,000 | 4,641,000 | 3,802,000 | 4,139,000 | 3,771,000 | 4,421,000 | 3,837,000 | 4,023,000 | 4,680,000 | 4,121,000 | 3,501,000 | 3,925,000 | 3,404,000 | 3,971,000 | 3,272,000 | 3,784,000 | 3,247,000 | 3,854,000 | 3,293,000 | 3,943,000 | 3,166,000 | 4,013,000 | 3,417,000 | 3,689,000 | 2,849,000 | 3,628,000 | 3,259,000 | 3,280,000 | 2,789,000 | 3,417,000 | 2,791,000 | 3,190,000 | 2,923,000 | 3,352,000 | 2,636,000 | 3,188,000 | 2,490,000 | 2,699,000 | 2,416,000 | 2,564,000 | 2,463,000 | 2,533,000 | 2,484,000 | 2,334,000 | 2,234,000 | 2,475,000 | 2,090,000 | 2,121,000 | 1,756,000 |
total expenses | 66,216,000 | 66,955,000 | 58,008,000 | 56,773,000 | 59,008,000 | 57,566,000 | 47,696,000 | 47,634,000 | 48,429,000 | 49,220,000 | 47,055,000 | 46,520,000 | 45,386,000 | 46,945,000 | 45,574,000 | 43,296,000 | 44,653,000 | 44,390,000 | 43,371,000 | 43,885,000 | 45,929,000 | 46,886,000 | 45,157,000 | 43,012,000 | 40,114,000 | 41,105,000 | 41,724,000 | 41,391,000 | 42,673,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 12,043,000 | 8,194,000 | 13,996,000 | 14,181,000 | 12,848,000 | 10,358,000 | 19,592,000 | 19,490,000 | 18,263,000 | 17,463,000 | 16,711,000 | 17,189,000 | 17,663,000 | 15,391,000 | 15,513,000 | 16,997,000 | 17,491,000 | 15,850,000 | 16,885,000 | 16,119,000 | 12,795,000 | 11,676,000 | 11,603,000 | 10,208,000 | 16,829,000 | 15,041,000 | 15,328,000 | 16,750,000 | 17,077,000 | 15,509,000 | 16,702,000 | 15,902,000 | 14,947,000 | 14,488,000 | 14,385,000 | 14,421,000 | 17,374,000 | 14,376,000 | 12,723,000 | 13,247,000 | 13,247,000 | 16,374,000 | 14,085,000 | 13,232,000 | 12,933,000 | 12,681,000 | 12,310,000 | 12,480,000 | 20,487,000 | 12,711,000 | 12,174,000 | 11,508,000 | 7,762,000 | 3,398,000 | 11,461,000 | 9,404,000 | 9,595,000 | 9,320,000 | 8,815,000 | 6,000,000 | 7,147,000 | 8,332,000 | 8,870,000 | 15,503,000 | 6,238,000 | 12,574,000 | 11,417,000 | 11,349,000 | 8,914,000 | 11,550,000 | 10,814,000 | 9,521,000 | 10,229,000 | 9,130,000 | 9,279,000 | 9,624,000 | 8,926,000 | 8,874,000 | 8,855,000 | 8,321,000 | 7,797,000 | 7,707,000 | 7,890,000 | 7,856,000 | 6,871,000 | 6,610,000 | 6,228,000 | 7,355,000 | 6,286,000 | 6,305,000 |
yoy | -6.27% | -20.89% | -28.56% | -27.24% | -29.65% | -40.69% | 17.24% | 13.39% | 3.40% | 13.46% | 7.72% | 1.13% | 0.98% | -2.90% | -8.13% | 5.45% | 36.70% | 35.75% | 45.52% | 57.91% | -23.97% | -22.37% | -24.30% | -39.06% | -1.45% | -3.02% | -8.23% | 5.33% | 14.25% | 7.05% | 16.11% | 10.27% | -13.97% | 0.78% | 13.06% | 8.86% | 31.15% | -12.20% | -9.67% | 0.11% | 2.43% | 29.12% | 14.42% | 6.03% | -36.87% | -0.24% | 1.12% | 8.45% | 163.94% | 274.07% | 6.22% | 22.37% | -19.10% | -63.54% | 30.02% | 56.73% | 34.25% | 11.86% | -0.62% | -61.30% | 14.57% | -33.74% | -22.31% | 36.60% | -30.02% | 8.87% | 5.58% | 19.20% | -12.86% | 26.51% | 16.54% | -1.07% | 14.60% | 2.88% | 4.79% | 15.66% | 14.48% | 15.14% | 12.23% | 5.92% | 13.48% | 16.60% | 26.69% | 6.81% | 9.31% | 4.84% | ||||
qoq | 46.97% | -41.45% | -1.30% | 10.38% | 24.04% | -47.13% | 0.52% | 6.72% | 4.58% | 4.50% | -2.78% | -2.68% | 14.76% | -0.79% | -8.73% | -2.82% | 10.35% | -6.13% | 4.75% | 25.98% | 9.58% | 0.63% | 13.67% | -39.34% | 11.89% | -1.87% | -8.49% | -1.91% | 10.11% | -7.14% | 5.03% | 6.39% | 3.17% | 0.72% | -0.25% | -17.00% | 20.85% | 12.99% | -3.96% | 0.00% | -19.10% | 16.25% | 6.45% | 2.31% | 1.99% | 3.01% | -1.36% | -39.08% | 61.18% | 4.41% | 5.79% | 48.26% | 128.43% | -70.35% | 21.87% | -1.99% | 2.95% | 5.73% | 46.92% | -16.05% | -14.22% | -6.07% | -42.79% | 148.53% | -50.39% | 10.13% | 0.60% | 27.32% | -22.82% | 6.81% | 13.58% | -6.92% | 12.04% | -1.61% | -3.58% | 7.82% | 0.59% | 0.21% | 6.42% | 6.72% | 1.17% | -2.32% | 0.43% | 14.34% | 3.95% | 6.13% | -15.32% | 17.01% | -0.30% | |
net income margin % | 15.39% | 10.90% | 19.44% | 20.02% | 17.88% | 15.25% | 29.12% | 29.11% | 27.38% | 26.19% | 26.21% | 26.98% | 28.01% | 24.69% | 25.39% | 28.19% | 28.15% | 26.31% | 28.02% | 26.86% | 21.79% | 20.03% | 20.44% | 19.18% | 29.55% | 26.58% | 26.87% | 28.81% | 28.58% | Infinity% | Infinity% | Infinity% | 26.46% | 25.56% | 25.58% | 25.79% | 29.72% | 26.52% | 23.90% | 25.13% | 25.13% | 28.76% | 26.62% | 25.26% | 25.01% | 24.35% | 24.01% | 24.67% | 39.18% | 24.01% | 24.28% | 23.13% | 15.90% | 6.91% | 23.91% | 19.78% | 20.19% | 19.79% | 18.77% | 13.99% | 16.71% | 19.92% | 22.01% | 39.20% | 15.55% | 28.81% | 27.36% | 28.18% | 22.62% | 29.10% | 26.65% | 23.25% | 25.51% | 23.58% | 23.91% | 25.32% | 24.07% | 24.19% | 24.66% | 23.87% | 23.10% | 23.03% | 24.07% | 23.68% | 22.34% | 21.81% | 21.06% | 25.32% | 22.54% | 23.94% |
noncontrolling interests | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income attributable to noncontrolling interests | -2,925,000 | -1,691,000 | -3,507,000 | -3,461,000 | -3,049,000 | -2,268,000 | -5,111,000 | -5,042,000 | -4,633,000 | -4,257,000 | -3,892,000 | -4,027,000 | -4,161,000 | -3,528,000 | -3,563,000 | -3,981,000 | -4,126,000 | -3,607,000 | -3,747,000 | -3,373,000 | -2,533,000 | -2,253,000 | -2,236,000 | -1,880,000 | -3,565,000 | -2,223,000 | -3,102,000 | -3,518,000 | -3,630,000 | -3,240,000 | -3,547,000 | -3,359,000 | -2,359,000 | -2,928,000 | -2,902,000 | -2,911,000 | -3,670,000 | -2,911,000 | -2,484,000 | -2,620,000 | -2,620,000 | -3,426,000 | -2,835,000 | -2,617,000 | -2,537,000 | -2,474,000 | -1,814,000 | -2,374,000 | -2,278,000 | -2,110,000 | -1,978,000 | -1,456,000 | -1,516,000 | -1,456,000 | -1,293,000 | -496,000 | -749,000 | -1,023,000 | -1,164,000 | -2,672,000 | ||||||||||||||||||||||||||||||
net income attributable to saul centers, inc. | 9,118,000 | 6,503,000 | 10,489,000 | 10,720,000 | 9,799,000 | 8,090,000 | 14,481,000 | 14,448,000 | 13,630,000 | 13,206,000 | 12,819,000 | 13,162,000 | 13,502,000 | 11,863,000 | 11,950,000 | 13,016,000 | 13,365,000 | 12,243,000 | 13,138,000 | 12,746,000 | 10,262,000 | 9,423,000 | 9,367,000 | 8,328,000 | 13,264,000 | 12,818,000 | 12,226,000 | 13,232,000 | 13,447,000 | 12,269,000 | 13,155,000 | 12,543,000 | 12,588,000 | 11,560,000 | 11,483,000 | 11,510,000 | 13,704,000 | 11,465,000 | 10,239,000 | 10,627,000 | 10,627,000 | 12,948,000 | 11,250,000 | 10,615,000 | 10,396,000 | 10,207,000 | 10,496,000 | 10,106,000 | 16,054,000 | 10,287,000 | 9,896,000 | 9,398,000 | 6,594,000 | 4,984,000 | 9,483,000 | 7,948,000 | 8,079,000 | 7,864,000 | 7,522,000 | 5,504,000 | 6,398,000 | 7,309,000 | 7,706,000 | 12,831,000 | 5,673,000 | 10,553,000 | 9,646,000 | 9,607,000 | 7,719,000 | 9,741,000 | ||||||||||||||||||||
preferred stock dividends | -2,798,000 | -2,799,000 | -2,798,000 | -2,799,000 | -2,798,000 | -2,799,000 | -2,798,000 | -2,799,000 | -2,798,000 | -2,799,000 | -2,798,000 | -2,799,000 | -2,798,000 | -2,799,000 | -2,798,000 | -2,799,000 | -2,798,000 | -2,799,000 | -2,798,000 | -2,799,000 | -2,798,000 | -2,800,000 | -2,798,000 | -2,798,000 | -2,798,000 | -3,119,000 | -3,210,000 | -2,953,000 | -2,953,000 | -2,953,000 | -2,953,000 | -2,953,000 | -3,403,000 | -2,320,250 | -3,093,000 | -3,094,000 | -3,094,000 | -2,320,250 | -3,093,000 | -3,094,000 | -3,094,000 | -3,094,000 | -2,320,250 | -3,093,000 | -3,094,000 | -3,094,000 | -2,404,750 | -3,206,000 | -3,207,000 | -3,206,000 | -2,694,250 | -3,206,000 | -3,207,000 | -4,364,000 | ||||||||||||||||||||||||||||||||||||
net income available to common stockholders | 6,320,000 | 3,704,000 | 7,691,000 | 7,921,000 | 7,001,000 | 5,291,000 | 11,683,000 | 11,649,000 | 10,832,000 | 10,407,000 | 10,021,000 | 10,363,000 | 10,704,000 | 9,064,000 | 9,152,000 | 10,217,000 | 10,567,000 | 9,444,000 | 10,340,000 | 9,947,000 | 7,464,000 | 6,623,000 | 6,569,000 | 5,530,000 | 10,466,000 | 6,464,000 | 9,016,000 | 10,279,000 | 10,494,000 | 9,316,000 | 10,202,000 | 9,590,000 | 6,857,000 | 5,698,000 | 4,163,000 | 4,294,000 | 4,079,000 | 3,737,000 | 1,719,000 | 2,613,000 | 3,524,000 | 3,921,000 | 9,046,000 | 1,888,000 | 6,768,000 | 5,861,000 | 5,822,000 | 3,934,000 | 7,029,000 | 5,736,000 | 6,443,000 | 7,033,000 | 7,279,000 | 7,624,000 | 6,926,000 | 6,874,000 | 6,855,000 | 6,321,000 | 5,797,000 | 5,707,000 | 5,890,000 | 5,856,000 | 4,871,000 | 4,610,000 | ||||||||||||||||||||||||||
per share net income available to common stockholders | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted: | 0.26 | 0.29 | 0.16 | 0.21 | 0.22 | 0.21 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposition of property | 30,000 | 120,000 | 181,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
per share net income available to common stockholders | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted | 0.233 | 0.32 | 0.33 | 0.355 | 0.48 | 0.48 | 0.45 | 0.44 | 0.42 | 0.43 | 0.45 | 0.38 | 0.38 | 0.43 | 0.44 | 0.293 | 0.44 | 0.42 | 0.32 | 0.243 | 0.28 | 0.24 | 0.45 | 0.325 | 0.39 | 0.45 | 0.46 | 0.298 | 0.45 | 0.43 | 0.31 | 0.313 | 0.38 | 0.38 | 0.49 | 0.285 | 0.33 | 0.35 | 0.35 | 0.46 | 0.26 | 0.36 | 0.35 | 0.34 | 0.323 | 0.33 | 0.62 | 0.34 | 0.37 | 0.29 | 0.28 | |||||||||||||||||||||||||||||||||||||||
revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on early extinguishment of debt | 648,000 | -497,000 | -926,000 | -4,479,000 | -550,000 | -1,660,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization of lease costs | 9,224,750 | 12,195,000 | 12,377,000 | 12,327,000 | 9,463,000 | 12,467,000 | 12,637,000 | 12,748,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in fair value of derivatives | -1,000 | 10,000 | -12,000 | 72,000 | -1,000 | -1,000 | 3,000 | 1,000 | -3,000 | -3,000 | -7,000 | 2,000 | -6,000 | -6,000 | -4,000 | 1,000 | -5,000 | -2,000 | -114,000 | 46,000 | 51,000 | 10,000 | 38,000 | 17,000 | -16,000 | -3,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of property | 127,250 | 509,000 | 2,750 | 11,000 | 1,517,250 | 6,069,000 | 264,250 | 1,057,000 | 3,591,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
extinguishment of issuance costs upon redemption of preferred shares | -2,328,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends declared per common share outstanding | 0.398 | 0.53 | 0.53 | 0.53 | 0.39 | 0.52 | 0.52 | 0.52 | 0.383 | 0.51 | 0.51 | 0.51 | 0.353 | 0.47 | 0.47 | 0.47 | 0.47 | 0.323 | 0.43 | 0.43 | 0.43 | 0.3 | 0.4 | 0.4 | 0.4 | 0.27 | 0.36 | 0.27 | 0.36 | 0.36 | 0.36 | 0.36 | 0.36 | 0.36 | 0.36 | 0.36 | 0.36 | 0.36 | 0.36 | 0.36 | 0.36 | 0.39 | ||||||||||||||||||||||||||||||||||||||||||||||||
property revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
base rent | 46,685,000 | 46,189,000 | 45,943,000 | 45,867,000 | 45,705,000 | 45,385,000 | 45,575,000 | 44,476,000 | 44,043,000 | 43,151,000 | 42,580,000 | 42,580,000 | 42,607,000 | 42,517,000 | 42,431,000 | 41,876,000 | 41,479,000 | 41,546,000 | 41,452,000 | 41,038,000 | 40,563,000 | 40,495,000 | 40,110,000 | 39,553,000 | 39,740,000 | 38,686,000 | 38,403,000 | 38,100,000 | 37,588,000 | 37,625,000 | 34,390,000 | 34,193,000 | 32,697,000 | 31,805,000 | 31,243,000 | 31,834,000 | 31,695,000 | 32,273,000 | 31,776,000 | 31,131,000 | 30,665,000 | 31,400,000 | 31,466,000 | 31,751,000 | 30,382,000 | 30,190,000 | 30,064,000 | 29,531,000 | 29,021,000 | 28,295,000 | 27,736,000 | 27,190,000 | 26,900,000 | 25,784,000 | 25,023,000 | 24,509,000 | 24,132,000 | 23,774,000 | 23,324,000 | 22,751,000 | 21,276,000 | |||||||||||||||||||||||||||||
expense recoveries | 8,955,000 | 9,209,000 | 8,601,000 | 8,771,000 | 8,969,000 | 9,447,000 | 8,337,000 | 8,594,000 | 8,258,000 | 8,561,000 | 7,892,000 | 7,892,000 | 9,558,000 | 8,201,000 | 8,181,000 | 7,797,000 | 8,732,000 | 7,784,000 | 7,734,000 | 7,825,000 | 8,789,000 | 8,024,000 | 7,848,000 | 7,463,000 | 7,614,000 | 7,650,000 | 7,576,000 | 7,456,000 | 7,709,000 | 7,203,000 | 6,994,000 | 6,791,000 | 7,426,000 | 6,951,000 | 6,938,000 | 6,928,000 | 8,727,000 | 7,689,000 | 7,145,000 | 7,048,000 | 7,580,000 | 7,336,000 | 7,652,000 | 6,945,000 | 7,133,000 | 6,572,000 | 6,638,000 | 6,282,000 | 6,598,000 | 5,914,000 | 5,802,000 | 5,407,000 | 5,513,000 | 5,343,000 | 5,004,000 | 4,700,000 | 4,980,000 | 4,352,000 | 4,448,000 | 4,018,000 | 3,894,000 | |||||||||||||||||||||||||||||
percentage rent | 208,000 | 119,000 | 249,000 | 418,000 | 490,000 | 67,000 | 519,000 | 382,000 | 363,000 | 57,000 | 596,000 | 596,000 | 363,000 | 455,000 | 157,000 | 558,000 | 438,000 | 400,000 | 187,000 | 453,000 | 452,000 | 422,000 | 215,000 | 338,000 | 600,000 | 427,000 | 259,000 | 453,000 | 406,000 | 473,000 | 209,000 | 453,000 | 375,000 | 531,000 | 238,000 | 331,000 | 358,000 | 551,000 | 214,000 | 328,000 | 233,000 | 710,000 | 253,000 | 232,000 | 314,000 | 734,000 | 249,000 | 312,000 | 202,000 | 843,000 | 326,000 | 272,000 | 326,000 | 639,000 | 407,000 | 507,000 | 504,000 | 491,000 | 440,000 | 260,000 | 444,000 | |||||||||||||||||||||||||||||
total property revenue | 58,274,000 | 57,011,000 | 56,224,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provision for credit losses | 155,000 | 101,000 | 143,000 | 286,000 | 304,000 | 52,000 | 207,000 | 343,000 | 287,000 | 391,000 | 384,000 | 432,000 | -366,000 | 621,000 | 414,000 | 246,000 | 200,000 | 170,000 | 107,000 | 203,000 | 228,000 | 191,000 | 285,000 | 264,000 | 390,000 | 168,000 | 241,000 | 352,000 | 255,000 | 595,000 | 518,000 | 515,000 | 638,000 | 345,000 | 157,000 | 197,000 | 171,000 | 189,000 | 232,000 | 327,000 | 453,000 | 236,000 | 241,000 | 183,000 | 96,000 | 65,000 | 103,000 | 112,000 | 98,000 | 115,000 | 107,000 | 80,000 | 54,000 | 50,000 | 79,000 | 54,000 | 189,000 | 131,000 | 99,000 | 69,000 | ||||||||||||||||||||||||||||||
total property expenses | 14,408,000 | 13,948,000 | 13,653,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property operating income | 43,866,000 | 43,063,000 | 42,571,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other revenue | 54,000 | 48,000 | 69,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense and amortization of deferred debt costs | 11,254,000 | 11,022,000 | 11,237,000 | 11,526,000 | 11,640,000 | 11,821,000 | 11,900,000 | 11,864,000 | 11,415,000 | 11,524,000 | 11,655,000 | 11,655,000 | 11,089,000 | 11,177,000 | 11,229,000 | 11,353,000 | 11,406,000 | 11,497,000 | 11,584,000 | 11,486,000 | 11,467,000 | 11,425,000 | 11,738,000 | 11,709,000 | 11,717,000 | 11,884,000 | 12,322,000 | 12,567,000 | 12,771,000 | 12,761,000 | 11,250,000 | 11,170,000 | 10,294,000 | 8,699,000 | 8,781,000 | 8,887,000 | 8,591,000 | 8,769,000 | 8,942,000 | 8,782,000 | 8,196,000 | 8,705,000 | 8,604,000 | |||||||||||||||||||||||||||||||||||||||||||||||
total other expenses | 28,410,000 | 26,419,000 | 27,235,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating income | 15,510,000 | 16,692,000 | 15,405,000 | 14,947,000 | 14,416,000 | 14,386,000 | 14,422,000 | 17,374,000 | 13,360,000 | 12,722,000 | 13,250,000 | 13,250,000 | 16,381,000 | 14,083,000 | 13,238,000 | 12,922,000 | 12,687,000 | 12,314,000 | 12,479,000 | 14,423,000 | 12,713,000 | 12,112,000 | 12,058,000 | 7,711,000 | 3,388,000 | 9,180,000 | 8,111,000 | 9,611,000 | 9,323,000 | 8,747,000 | 8,656,000 | 8,193,000 | 8,406,000 | 10,049,000 | 10,411,000 | 10,717,000 | 8,368,250 | 11,349,000 | 10,574,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
yoy | 7.59% | 16.03% | 6.82% | -13.97% | 7.90% | 13.08% | 8.85% | 31.12% | -18.44% | -9.66% | 0.09% | 2.54% | 29.12% | 14.37% | 6.08% | -10.41% | -0.20% | 1.67% | 3.49% | 87.04% | 275.24% | 31.94% | 48.66% | -19.77% | -63.66% | 4.95% | -6.30% | 17.31% | 10.91% | -12.96% | -16.86% | -23.55% | 20.08% | -8.27% | 1.35% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
qoq | -7.08% | 8.35% | 3.06% | 3.68% | 0.21% | -0.25% | -16.99% | 30.04% | 5.01% | -3.98% | 0.00% | -19.11% | 16.32% | 6.38% | 2.45% | 1.85% | 3.03% | -1.32% | -13.48% | 13.45% | 4.96% | 0.45% | 56.37% | 127.60% | -63.09% | 13.18% | -15.61% | 3.09% | 6.59% | 1.05% | 5.65% | -2.53% | -16.35% | -3.48% | -2.86% | -26.26% | 7.33% | |||||||||||||||||||||||||||||||||||||||||||||||||||||
operating margin % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | Infinity% | Infinity% | Infinity% | 26.46% | 25.44% | 25.58% | 25.80% | 29.72% | 24.65% | 23.90% | 25.14% | 25.14% | 28.78% | 26.62% | 25.27% | 24.99% | 24.36% | 24.02% | 24.66% | 27.58% | 24.01% | 24.15% | 24.23% | 15.80% | 6.89% | 19.15% | 17.06% | 20.23% | 19.79% | 18.62% | 20.19% | 19.15% | 20.10% | 24.94% | 26.32% | 26.71% | 0% | 20.05% | 28.18% | 26.83% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
operating expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating expenses | 41,549,000 | 42,259,000 | 41,851,000 | 41,485,000 | 41,092,000 | 40,841,000 | 40,511,000 | 39,460,000 | 39,460,000 | 40,545,000 | 38,819,000 | 39,138,000 | 38,789,000 | 39,401,000 | 38,950,000 | 38,116,000 | 37,863,000 | 40,234,000 | 38,034,000 | 37,698,000 | 41,098,000 | 45,798,000 | 38,754,000 | 39,423,000 | 37,909,000 | 37,781,000 | 38,223,000 | 34,222,000 | 34,586,000 | 33,414,000 | 30,246,000 | 29,140,000 | 29,404,000 | 31,074,000 | 30,097,000 | 28,924,000 | 28,842,000 | 28,139,000 | 28,718,000 | 29,683,000 | 27,930,000 | 27,649,000 | 27,470,000 | 26,058,000 | 26,000,000 | 25,675,000 | 24,915,000 | 24,532,000 | 24,100,000 | 23,958,000 | 23,034,000 | 23,488,000 | 21,800,000 | 21,668,000 | 21,313,000 | 20,251,000 | 19,559,000 | 18,012,000 | ||||||||||||||||||||||||||||||||
acquisition related costs | 3,000 | 57,000 | 6,000 | 57,000 | 21,000 | 211,000 | 359,000 | 216,000 | 163,000 | 205,000 | -99,000 | -21,000 | -2,439,000 | -74,000 | -1,009,000 | -170,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common stockholders | 6,854,000 | 8,390,000 | 8,416,000 | 10,610,000 | 6,133,250 | 7,146,000 | 7,533,000 | 7,533,000 | 9,854,000 | 5,484,250 | 7,522,000 | 7,302,000 | 7,113,000 | 6,707,000 | 6,900,000 | 12,847,000 | 7,081,000 | 1,242,750 | 6,192,000 | 3,387,000 | -4,608,000 | 5,956,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
per share net income attributable to common stockholders | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted | 0.233 | 0.32 | 0.33 | 0.355 | 0.48 | 0.48 | 0.45 | 0.44 | 0.42 | 0.43 | 0.45 | 0.38 | 0.38 | 0.43 | 0.44 | 0.293 | 0.44 | 0.42 | 0.32 | 0.243 | 0.28 | 0.24 | 0.45 | 0.325 | 0.39 | 0.45 | 0.46 | 0.298 | 0.45 | 0.43 | 0.31 | 0.313 | 0.38 | 0.38 | 0.49 | 0.285 | 0.33 | 0.35 | 0.35 | 0.46 | 0.26 | 0.36 | 0.35 | 0.34 | 0.323 | 0.33 | 0.62 | 0.34 | 0.37 | 0.29 | 0.28 | |||||||||||||||||||||||||||||||||||||||
predevelopment expenses | 75,000 | 57,000 | 503,000 | 268,000 | 60,000 | 1,233,000 | 2,349,000 | 797,000 | 1,870,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from credit losses | 384,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock redemption | -5,228,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss attributable to noncontrolling interests | -4,433,000 | -2,424,000 | -1,168,000 | 1,586,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on casualty settlement | 219,000 | 47,000 | 198,000 | 775,000 | 1,700,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations | 12,174,000 | 11,508,000 | 7,762,000 | 3,398,000 | 8,815,000 | 6,000,000 | 7,147,000 | 8,332,000 | 8,889,000 | 11,941,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
per share net income attributable to common stockholders | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
continuing operations | 0.33 | 0.3 | 0.17 | -0.23 | 0.19 | 0.09 | 0.14 | 0.19 | 0.21 | 0.3 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred dividends | -3,785,000 | -3,785,000 | -3,785,000 | -3,785,000 | -3,785,000 | -3,785,000 | -3,785,000 | -3,785,000 | -3,785,000 | -3,785,000 | -3,785,000 | -3,785,000 | -3,785,000 | -3,785,000 | -3,785,000 | -3,785,000 | -3,785,000 | -3,785,000 | -3,786,000 | -2,097,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in fair value of derivatives | 42,000 | -217,000 | -1,244,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from operations of property sold | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations | -19,000 | 3,562,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from operations of property sold | -24,000 | -29,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations, including gain on sale of real estate | 0.19 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income attributable to the noncontrolling interest | -565,000 | -2,021,000 | -1,771,000 | -1,742,000 | -1,195,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
per share net income available to common stockholders | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 0.1 | 0.32 | 0.33 | 0.22 | 0.33 | 0.39 | 0.32 | 0.36 | 0.4 | 0.41 | 0.43 | 0.4 | 0.39 | 0.4 | 0.37 | 0.34 | 0.34 | 0.35 | 0.35 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 0.1 | 0.32 | 0.32 | 0.22 | 0.33 | 0.39 | 0.32 | 0.36 | 0.39 | 0.41 | 0.43 | 0.39 | 0.39 | 0.39 | 0.37 | 0.34 | 0.33 | 0.35 | 0.35 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on property dispositions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating income before gain on property dispositions | 11,550,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-operating item: gain on property dispositions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to the noncontrolling interest | -1,809,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
per share net income attributable to common stockholders | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 0.1 | 0.32 | 0.33 | 0.22 | 0.33 | 0.39 | 0.32 | 0.36 | 0.4 | 0.41 | 0.43 | 0.4 | 0.39 | 0.4 | 0.37 | 0.34 | 0.34 | 0.35 | 0.35 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 0.1 | 0.32 | 0.32 | 0.22 | 0.33 | 0.39 | 0.32 | 0.36 | 0.39 | 0.41 | 0.43 | 0.39 | 0.39 | 0.39 | 0.37 | 0.34 | 0.33 | 0.35 | 0.35 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions declared per common share outstanding | 0.39 | 0.39 | 0.47 | 0.47 | 0.47 | 0.47 | 0.47 | 0.44 | 0.44 | 0.42 | 0.42 | 0.42 | 0.42 | 0.42 | 0.42 | 0.4 | 0.39 | 0.39 | 0.39 | 0.39 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense and amortization of deferred debt | 6,469,250 | 8,568,000 | 8,739,000 | 8,497,000 | 8,325,000 | 8,294,000 | 8,298,000 | 8,145,000 | 8,072,000 | 8,019,000 | 7,658,000 | 7,525,000 | 7,615,000 | 7,409,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating income before minority interests and gain on sale of property | 8,628,000 | 11,264,000 | 12,175,000 | 11,073,000 | 9,740,000 | 9,694,000 | 8,256,000 | 8,793,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-operating item: gain on property disposition | 51,250 | 205,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net operating income before minority interests | 12,949,000 | 11,264,000 | 12,175,000 | 11,278,000 | 9,740,000 | 9,694,000 | 8,952,000 | 8,639,000 | 8,329,000 | 8,329,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interests | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority share of income | -2,135,000 | -1,743,000 | -1,946,000 | -2,148,000 | -2,200,000 | -2,332,000 | -2,151,000 | -2,135,000 | -2,133,000 | -2,007,000 | -1,851,000 | -1,802,000 | -1,850,000 | -1,838,000 | -1,656,000 | -1,593,000 | -1,500,000 | -1,784,000 | -1,545,000 | -1,557,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating income before minority interests | 8,510,500 | 11,956,000 | 11,077,000 | 11,009,000 | 7,371,250 | 10,328,000 | 9,648,000 | 9,509,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization of leasing costs | 6,409,000 | 6,463,000 | 6,400,000 | 6,376,000 | 5,888,000 | 7,162,000 | 5,532,000 | 5,615,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions in excess of earnings | -425,000 | -436,000 | -528,000 | -226,000 | -498,000 | -467,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total minority interests | -2,133,000 | -2,007,000 | -1,851,000 | -1,802,000 | -1,850,000 | -1,838,000 | -2,081,000 | -2,029,000 | -2,028,000 | -2,010,000 | -2,043,000 | -2,024,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest and amortization of deferred debt expense | 4,977,000 | 7,008,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 5,828,000 | 5,511,000 | 5,347,000 | 4,638,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-operating item gain on sale of property | 572,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before minority interests | 8,256,000 | 9,365,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income available to common shareholders | 3,486,500 | 5,355,000 | 4,286,000 | 4,305,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per share | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 0.218 | 0.33 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dilutive | 0.215 | 0.33 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | 6,407,000 | 6,049,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred debt expense | 227,000 | 217,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
per share |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-08-02 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-12-31 | 2004-09-30 | 2004-06-30 | 2004-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
land | 595,514,000 | 595,514,000 | 556,499,000 | 556,499,000 | 562,857,000 | 562,047,000 | 501,787,000 | 501,787,000 | 511,529,000 | 511,529,000 | 511,529,000 | 511,529,000 | 511,529,000 | 511,529,000 | 511,529,000 | 511,529,000 | 511,529,000 | 511,529,000 | 511,596,000 | 511,596,000 | 513,074,000 | 511,482,000 | 509,902,000 | 503,802,000 | 453,322,000 | 453,322,000 | 450,256,000 | 488,942,000 | 488,942,000 | 488,918,000 | 484,428,000 | 450,256,000 | 450,256,000 | 450,256,000 | 450,256,000 | 454,041,000 | 454,006,000 | 422,546,000 | 384,520,000 | 427,112,000 | 427,112,000 | 424,840,000 | 424,837,000 | 424,837,000 | 421,499,000 | 421,516,000 | 420,622,000 | 412,141,000 | 373,898,000 | 364,146,000 | 354,967,000 | 353,958,000 | 351,647,000 | 353,890,000 | 353,890,000 | 323,723,000 | 324,190,000 | 324,183,000 | 324,183,000 | 323,298,000 | 282,027,000 | 278,313,000 | 275,044,000 | 230,080,000 | 232,188,000 | 223,286,000 | 223,193,000 | 223,035,000 | 220,974,000 | 215,813,000 | 215,407,000 | 215,407,000 | 215,407,000 | 215,421,000 | 167,007,000 | 166,336,000 | 157,830,000 | 154,690,000 | 154,047,000 | 149,863,000 | 149,863,000 | 145,760,000 | 139,421,000 | 124,915,000 | 125,213,000 | 125,308,000 | 119,029,000 | 109,153,000 | 109,153,000 | 99,411,000 |
buildings and equipment | 2,165,566,000 | 2,162,135,000 | 1,930,091,000 | 1,924,757,000 | 1,916,504,000 | 1,903,907,000 | 1,608,995,000 | 1,604,330,000 | 1,599,887,000 | 1,595,023,000 | 1,588,219,000 | 1,590,762,000 | 1,583,705,000 | 1,576,924,000 | 1,574,872,000 | 1,573,896,000 | 1,570,123,000 | 1,566,686,000 | 1,563,059,000 | 1,560,607,000 | 1,555,731,000 | 1,543,837,000 | 1,533,103,000 | 1,505,909,000 | 1,300,605,000 | 1,292,631,000 | 1,284,315,000 | 1,280,397,000 | 1,275,927,000 | 1,273,275,000 | 1,268,120,000 | 1,263,865,000 | 1,262,320,000 | 1,261,830,000 | 1,257,886,000 | 1,266,394,000 | 1,263,107,000 | 1,214,697,000 | 1,210,467,000 | 1,206,307,000 | 1,206,307,000 | 1,114,635,000 | 1,114,357,000 | 1,110,255,000 | 1,116,381,000 | 1,111,035,000 | 1,109,276,000 | 1,105,717,000 | 1,102,390,000 | 1,097,921,000 | 1,094,605,000 | 1,122,786,000 | 1,117,976,000 | 1,112,577,000 | 1,109,911,000 | 1,101,339,000 | 1,097,208,000 | 1,094,078,000 | 1,092,533,000 | 1,077,186,000 | 920,937,000 | 906,417,000 | 870,143,000 | 761,805,000 | 765,399,000 | 742,471,000 | 740,442,000 | 738,125,000 | 730,763,000 | 715,813,000 | 713,154,000 | 711,628,000 | 711,592,000 | 709,543,000 | 673,328,000 | 669,415,000 | 652,201,000 | 638,108,000 | 631,797,000 | 611,585,000 | 607,119,000 | 595,728,000 | 575,504,000 | 534,872,000 | 537,827,000 | 536,327,000 | 521,161,000 | 500,351,000 | 500,086,000 | 479,843,000 |
construction in progress | 113,892,000 | 109,950,000 | 371,521,000 | 356,511,000 | 337,446,000 | 326,193,000 | 653,176,000 | 615,166,000 | 557,711,000 | 514,553,000 | 467,939,000 | 410,966,000 | 365,612,000 | 319,683,000 | 285,810,000 | 260,141,000 | 225,087,000 | 205,911,000 | 191,707,000 | 184,459,000 | 151,699,000 | 69,477,000 | 74,476,000 | 101,359,000 | 345,880,000 | 335,644,000 | 317,798,000 | 249,719,000 | 216,545,000 | 185,972,000 | 161,625,000 | 139,285,000 | 108,735,000 | 91,114,000 | 80,163,000 | 72,791,000 | 66,008,000 | 63,570,000 | 60,773,000 | 7,327,000 | 7,327,000 | 92,698,000 | 83,516,000 | 69,175,000 | 53,485,000 | 39,301,000 | 30,261,000 | 21,305,000 | 16,259,000 | 11,880,000 | 9,867,000 | 7,232,000 | 6,165,000 | 3,050,000 | 2,267,000 | 1,422,000 | 1,150,000 | 1,263,000 | 1,129,000 | 12,780,000 | 39,019,000 | 50,677,000 | 78,849,000 | 170,049,000 | 155,738,000 | 165,400,000 | 147,589,000 | 126,066,000 | 112,248,000 | 112,738,000 | 98,920,000 | 83,322,000 | 67,301,000 | 52,382,000 | 49,592,000 | 45,895,000 | 46,505,000 | 55,517,000 | 56,017,000 | 72,603,000 | 62,577,000 | 50,376,000 | 47,868,000 | 57,380,000 | 50,243,000 | 45,548,000 | 42,618,000 | 57,330,000 | 41,938,000 | 38,461,000 |
real estate investments - sum | 2,874,972,000 | 2,858,111,000 | 2,837,767,000 | 2,816,807,000 | 2,763,958,000 | 2,721,283,000 | 2,669,127,000 | 2,621,105,000 | 2,567,687,000 | 2,513,257,000 | 2,408,136,000 | 2,372,211,000 | 2,266,362,000 | 2,220,504,000 | 2,111,070,000 | 2,099,807,000 | 2,081,597,000 | 2,052,369,000 | 1,981,414,000 | 1,853,406,000 | 1,821,311,000 | 1,803,200,000 | 1,793,226,000 | 1,783,121,000 | 1,640,746,000 | 1,622,710,000 | 1,475,788,000 | 1,426,484,000 | 1,131,157,000 | 881,646,000 | 848,315,000 | 791,864,000 | 717,167,000 | 707,183,000 | 666,834,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated depreciation | -826,852,000 | -812,035,000 | -802,512,000 | -789,860,000 | -779,214,000 | -767,842,000 | -758,105,000 | -748,750,000 | -739,406,000 | -729,470,000 | -719,163,000 | -708,770,000 | -698,597,000 | -688,475,000 | -679,121,000 | -671,754,000 | -660,855,000 | -650,113,000 | -639,241,000 | -628,418,000 | -617,984,000 | -607,706,000 | -595,785,000 | -584,002,000 | -572,912,000 | -563,474,000 | -553,829,000 | -544,811,000 | -535,269,000 | -525,518,000 | -516,568,000 | -507,084,000 | -498,002,000 | -488,166,000 | -478,284,000 | -477,565,000 | -467,564,000 | -458,279,000 | -449,116,000 | -440,499,000 | -440,499,000 | -431,463,000 | -425,370,000 | -416,531,000 | -414,694,000 | -405,349,000 | -396,617,000 | -387,765,000 | -380,608,000 | -372,041,000 | -364,663,000 | -386,839,000 | -378,775,000 | -367,918,000 | -353,305,000 | -346,426,000 | -340,579,000 | -333,518,000 | -326,397,000 | -318,117,000 | -311,176,000 | -303,958,000 | -296,786,000 | -290,831,000 | -288,252,000 | -282,271,000 | -276,310,000 | -270,413,000 | -264,530,000 | -258,581,000 | -252,763,000 | -247,994,000 | -244,196,000 | -238,423,000 | -232,669,000 | -229,055,000 | -223,652,000 | -219,455,000 | -214,210,000 | -210,025,000 | -205,122,000 | -200,267,000 | -195,376,000 | -191,699,000 | -190,198,000 | -185,884,000 | -181,420,000 | -176,848,000 | -172,851,000 | -168,705,000 |
total real estate investments | 2,048,120,000 | 2,055,564,000 | 2,055,599,000 | 2,047,907,000 | 2,037,593,000 | 2,024,305,000 | 2,005,853,000 | 1,972,533,000 | 1,929,721,000 | 1,891,635,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 9,326,000 | 8,741,000 | 11,788,000 | 5,303,000 | 6,492,000 | 10,299,000 | 7,197,000 | 6,863,000 | 7,079,000 | 8,407,000 | 6,586,000 | 11,473,000 | 11,812,000 | 13,279,000 | 10,291,000 | 11,167,000 | 12,313,000 | 14,594,000 | 11,917,000 | 14,857,000 | 14,554,000 | 26,856,000 | 54,305,000 | 66,457,000 | 31,935,000 | 13,905,000 | 52,269,000 | 9,262,000 | 11,456,000 | 14,578,000 | 9,771,000 | 6,425,000 | 8,979,000 | 10,908,000 | 9,385,000 | 12,395,000 | 9,671,000 | 8,322,000 | 9,836,000 | 10,981,000 | 10,981,000 | 15,352,000 | 10,003,000 | 8,922,000 | 11,714,000 | 12,120,000 | 12,128,000 | 13,022,000 | 21,829,000 | 15,351,000 | 17,297,000 | 11,696,000 | 12,945,000 | 8,482,000 | 12,133,000 | 33,498,000 | 37,251,000 | 10,994,000 | 12,323,000 | 11,447,000 | 21,103,000 | 33,106,000 | 12,968,000 | 12,735,000 | 28,829,000 | 19,432,000 | 20,607,000 | 14,297,000 | 38,213,000 | 20,261,000 | 13,006,000 | 25,137,000 | 36,964,000 | 29,007,000 | 5,765,000 | 7,043,000 | 11,535,000 | 8,427,000 | 8,061,000 | 7,514,000 | 3,045,000 | 7,754,000 | 8,007,000 | 27,344,000 | 28,585,000 | 11,668,000 | 33,561,000 | 21,785,000 | 10,066,000 | 6,100,000 |
accounts receivable and accrued income | 61,252,000 | 60,799,000 | 58,966,000 | 52,621,000 | 50,674,000 | 50,949,000 | 59,824,000 | 53,328,000 | 53,814,000 | 56,032,000 | 56,894,000 | 51,949,000 | 52,614,000 | 56,323,000 | 58,682,000 | 55,543,000 | 56,357,000 | 58,659,000 | 61,855,000 | 59,743,000 | 62,645,000 | 64,917,000 | 65,701,000 | 57,926,000 | 49,994,000 | 52,311,000 | 55,207,000 | 51,602,000 | 51,603,000 | 53,876,000 | 55,541,000 | 50,634,000 | 50,821,000 | 54,057,000 | 55,619,000 | 51,198,000 | 52,021,000 | 53,033,000 | 52,880,000 | 48,508,000 | 48,508,000 | 48,593,000 | 51,076,000 | 50,843,000 | 47,084,000 | 47,682,000 | 46,784,000 | 47,008,000 | 44,114,000 | 43,748,000 | 43,884,000 | 44,528,000 | 41,701,000 | 41,050,000 | 41,406,000 | 41,916,000 | 38,671,000 | 37,763,000 | 39,094,000 | 37,407,000 | 36,721,000 | 36,771,000 | 36,417,000 | 37,572,000 | 35,146,000 | 38,599,000 | 37,503,000 | 36,815,000 | 34,204,000 | 34,419,000 | 37,495,000 | 35,821,000 | 33,087,000 | 37,991,000 | 33,967,000 | 32,952,000 | 30,458,000 | 31,616,000 | 33,248,000 | 24,497,000 | 23,136,000 | 23,505,000 | 23,410,000 | 22,448,000 | 21,309,000 | 21,270,000 | 20,654,000 | 18,394,000 | 15,558,000 | 15,570,000 |
deferred leasing costs | 25,835,000 | 25,847,000 | 26,191,000 | 26,579,000 | 26,119,000 | 25,907,000 | 25,474,000 | 25,834,000 | 23,931,000 | 23,728,000 | 23,147,000 | 22,799,000 | 22,855,000 | 22,388,000 | 22,221,000 | 22,770,000 | 23,420,000 | 24,005,000 | 24,638,000 | 25,494,000 | 26,169,000 | 26,872,000 | 27,468,000 | 27,057,000 | 27,546,000 | 24,083,000 | 24,947,000 | 25,525,000 | 26,967,000 | 28,083,000 | 28,057,000 | 27,139,000 | 26,838,000 | 27,255,000 | 27,679,000 | 28,143,000 | 27,761,000 | 25,983,000 | 26,287,000 | 26,371,000 | 26,371,000 | 26,815,000 | 26,919,000 | 26,891,000 | 27,049,000 | 26,737,000 | 26,928,000 | 26,751,000 | 26,693,000 | 25,996,000 | 26,052,000 | 25,673,000 | 24,757,000 | 25,417,000 | 26,102,000 | 25,396,000 | 26,074,000 | 25,611,000 | 25,876,000 | 25,010,000 | 17,952,000 | 18,248,000 | 17,835,000 | 14,672,000 | 14,840,000 | 15,191,000 | 15,609,000 | 16,170,000 | 16,427,000 | 16,570,000 | 16,901,000 | 16,558,000 | 17,363,000 | 18,099,000 | 16,190,000 | 16,783,000 | 16,363,000 | 16,908,000 | 18,137,000 | 19,056,000 | ||||||||||
other assets | 12,319,000 | 11,727,000 | 15,037,000 | 7,274,000 | 10,608,000 | 14,944,000 | 14,676,000 | 13,039,000 | 15,761,000 | 14,335,000 | 25,772,000 | 15,986,000 | 18,475,000 | 21,651,000 | 25,734,000 | 19,194,000 | 17,578,000 | 15,490,000 | 13,969,000 | 8,642,000 | 9,006,000 | 4,194,000 | 3,817,000 | 6,549,000 | 4,859,000 | 4,555,000 | 6,444,000 | 6,720,000 | 5,593,000 | 3,130,000 | 6,149,000 | 14,293,000 | 15,115,000 | 9,950,000 | 12,123,000 | 11,757,000 | 11,130,000 | 8,096,000 | 6,772,000 | 7,456,000 | 7,456,000 | 6,764,000 | 5,407,000 | 5,352,000 | 4,407,000 | 4,368,000 | 3,638,000 | 3,299,000 | 10,655,000 | 4,861,000 | 2,944,000 | 4,455,000 | 5,183,000 | 5,418,000 | 3,297,000 | 5,106,000 | 7,401,000 | 15,126,000 | 12,870,000 | 14,702,000 | 17,178,000 | 13,854,000 | 9,202,000 | 22,761,000 | 9,750,000 | 8,454,000 | 6,308,000 | 8,294,000 | 9,676,000 | 7,015,000 | 2,897,000 | 4,971,000 | 6,674,000 | 6,851,000 | 5,428,000 | 6,322,000 | 9,012,000 | 8,315,000 | 5,605,000 | 5,090,000 | 6,995,000 | 6,918,000 | 4,386,000 | 3,337,000 | 4,708,000 | 4,562,000 | 2,616,000 | 3,339,000 | 5,266,000 | 3,350,000 |
total assets | 2,156,852,000 | 2,162,678,000 | 2,167,581,000 | 2,139,684,000 | 2,131,486,000 | 2,126,404,000 | 2,113,024,000 | 2,071,597,000 | 2,030,306,000 | 1,994,137,000 | 1,960,923,000 | 1,906,694,000 | 1,868,005,000 | 1,833,302,000 | 1,810,018,000 | 1,782,486,000 | 1,755,552,000 | 1,746,761,000 | 1,739,500,000 | 1,736,980,000 | 1,734,256,000 | 1,645,572,000 | 1,681,374,000 | 1,686,636,000 | 1,644,840,000 | 1,618,340,000 | 1,646,764,000 | 1,569,162,000 | 1,545,828,000 | 1,527,489,000 | 1,506,138,000 | 1,446,482,000 | 1,429,147,000 | 1,422,452,000 | 1,423,728,000 | 1,420,878,000 | 1,419,782,000 | 1,343,025,000 | 1,311,004,000 | 1,295,455,000 | 1,295,455,000 | 1,301,635,000 | 1,304,145,000 | 1,296,950,000 | 1,278,043,000 | 1,270,611,000 | 1,266,987,000 | 1,258,528,000 | 1,227,428,000 | 1,204,597,000 | 1,198,675,000 | 1,199,172,000 | 1,191,610,000 | 1,194,332,000 | 1,207,309,000 | 1,200,447,000 | 1,201,070,000 | 1,185,476,000 | 1,192,569,000 | 1,196,525,000 | 1,031,961,000 | 1,043,333,000 | 1,013,888,000 | 970,464,000 | 962,090,000 | 940,385,000 | 925,574,000 | 904,715,000 | 905,451,000 | 872,200,000 | 853,873,000 | 855,640,000 | 852,039,000 | 839,756,000 | 727,443,000 | 725,023,000 | 706,867,000 | 701,575,000 | 700,537,000 | 689,739,000 | 674,629,000 | 658,195,000 | 631,469,000 | 605,262,000 | 602,407,000 | 584,800,000 | 583,396,000 | 560,129,000 | 534,782,000 | 499,559,000 |
liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage notes payable | 1,062,935,000 | 1,063,530,000 | 1,022,235,000 | 1,030,839,000 | 1,039,328,000 | 1,047,832,000 | 1,027,386,000 | 966,132,000 | 927,256,000 | 935,451,000 | 961,577,000 | 941,456,000 | 827,603,000 | 821,503,000 | 880,271,000 | 897,888,000 | 783,400,000 | 802,034,000 | 808,997,000 | 814,635,000 | 820,068,000 | 825,420,000 | 826,224,000 | 802,986,000 | 789,776,000 | 827,963,000 | 833,095,000 | 818,295,000 | 823,871,000 | 826,018,000 | 732,862,000 | 722,132,000 | 601,147,000 | 579,757,000 | 583,620,000 | 572,236,000 | 576,069,000 | 569,634,000 | 606,256,000 | 569,437,000 | 567,495,000 | 567,680,000 | 565,194,000 | 554,377,000 | 524,726,000 | 528,604,000 | 520,345,000 | 483,892,000 | 487,443,000 | 490,897,000 | 487,242,000 | 490,519,000 | 471,931,000 | 461,416,000 | 464,367,000 | 450,876,000 | 453,646,000 | 429,498,000 | 389,544,000 | |||||||||||||||||||||||||||||||
revolving credit facility payable | 137,979,000 | 144,678,000 | 185,376,000 | 200,876,000 | 195,683,000 | 186,489,000 | 187,296,000 | 235,102,000 | 272,909,000 | 274,715,000 | 249,521,000 | 217,328,000 | 192,134,000 | 161,941,000 | 125,747,000 | 177,554,000 | 135,360,000 | 103,167,000 | 95,028,000 | 108,684,000 | 103,548,000 | 103,913,000 | 123,778,000 | 173,642,000 | 123,507,000 | 86,371,000 | 46,600,000 | 38,465,000 | 45,329,000 | 75,200,000 | 23,065,000 | 12,930,000 | 60,734,000 | 88,608,000 | 83,478,000 | 83,347,000 | 48,217,000 | 22,086,000 | 10,956,000 | 10,956,000 | 21,825,000 | 28,000,000 | 30,000,000 | 22,000,000 | 26,000,000 | 43,000,000 | 30,000,000 | 25,000,000 | 38,000,000 | 4,000,000 | 8,000,000 | 8,000,000 | ||||||||||||||||||||||||||||||||||||||
term loan facility payable | 138,980,000 | 138,870,000 | 138,761,000 | 99,754,000 | 99,716,000 | 99,679,000 | 99,642,000 | 99,605,000 | 99,568,000 | 99,530,000 | 99,493,000 | 99,456,000 | 99,419,000 | 99,382,000 | 99,344,000 | 99,307,000 | 99,270,000 | 99,233,000 | 99,209,000 | 74,841,000 | 74,816,000 | 74,791,000 | 74,766,000 | 74,741,000 | 74,716,000 | 74,691,000 | 74,666,000 | 74,641,000 | 74,616,000 | 74,591,000 | 74,568,000 | 74,543,000 | 74,518,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
construction loans payable | 257,659,000 | 254,724,000 | 241,687,000 | 233,210,000 | 209,872,000 | 198,616,000 | 178,558,000 | 141,765,000 | 108,917,000 | 77,305,000 | 19,409,000 | 110,242,000 | 88,281,000 | 83,621,000 | 71,760,000 | 60,737,000 | 48,294,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable, accrued expenses and other liabilities | 41,219,000 | 36,617,000 | 46,734,000 | 45,156,000 | 51,407,000 | 46,162,000 | 59,211,000 | 72,317,000 | 62,988,000 | 57,022,000 | 60,819,000 | 54,211,000 | 55,790,000 | 42,978,000 | 39,169,000 | 42,002,000 | 39,649,000 | 25,558,000 | 27,199,000 | 29,688,000 | 27,464,000 | 24,384,000 | 27,874,000 | 30,311,000 | 35,122,000 | 35,199,000 | 39,741,000 | 42,287,000 | 47,671,000 | 32,419,000 | 31,958,000 | 29,078,000 | 26,035,000 | 23,123,000 | 24,267,000 | 25,052,000 | 20,779,000 | 20,838,000 | 25,022,000 | 25,865,000 | 25,865,000 | 30,893,000 | 27,687,000 | 31,701,000 | 31,724,000 | 27,473,000 | 23,537,000 | 24,926,000 | 24,655,000 | 23,255,000 | 20,141,000 | 21,999,000 | 22,576,000 | 25,672,000 | 27,434,000 | 30,044,000 | 26,712,000 | 23,544,000 | 22,992,000 | 25,101,000 | 19,317,000 | 20,663,000 | 23,544,000 | 30,221,000 | 27,322,000 | 26,923,000 | 23,395,000 | 27,295,000 | 24,092,000 | 25,049,000 | 22,394,000 | 21,107,000 | 20,140,000 | 18,059,000 | 13,159,000 | 15,109,000 | 15,029,000 | 19,078,000 | 16,409,000 | 18,624,000 | 17,909,000 | 17,818,000 | 13,679,000 | 13,985,000 | 13,742,000 | 13,106,000 | 12,318,000 | 16,667,000 | 12,482,000 | 11,221,000 |
deferred income | 20,195,000 | 22,840,000 | 23,674,000 | 17,887,000 | 20,161,000 | 23,033,000 | 28,889,000 | 20,416,000 | 21,610,000 | 22,748,000 | 22,977,000 | 21,836,000 | 22,970,000 | 23,169,000 | 25,887,000 | 22,751,000 | 23,867,000 | 25,188,000 | 26,216,000 | 24,781,000 | 24,812,000 | 23,293,000 | 26,727,000 | 24,114,000 | 24,686,000 | 29,306,000 | 27,224,000 | 25,649,000 | 25,481,000 | 28,851,000 | 25,747,000 | 25,594,000 | 27,605,000 | 29,084,000 | 31,040,000 | 29,621,000 | 32,049,000 | 30,696,000 | 31,925,000 | 29,658,000 | 29,658,000 | 30,959,000 | 32,109,000 | 32,520,000 | 31,816,000 | 32,047,000 | 32,453,000 | 33,417,000 | 31,575,000 | 31,990,000 | 30,205,000 | 30,072,000 | 26,961,000 | 29,434,000 | 31,320,000 | 30,128,000 | 31,156,000 | 30,762,000 | 31,281,000 | 32,300,000 | 25,475,000 | 26,737,000 | 26,727,000 | 26,267,000 | 26,270,000 | 26,952,000 | 27,090,000 | 24,015,000 | 23,530,000 | 22,868,000 | 23,233,000 | 24,790,000 | 22,654,000 | 24,668,000 | 15,147,000 | 14,813,000 | 11,273,000 | 11,975,000 | 12,251,000 | 12,684,000 | 12,546,000 | 10,601,000 | 9,558,000 | 8,427,000 | 7,271,000 | 7,787,000 | 6,044,000 | 4,716,000 | 4,220,000 | 4,579,000 |
dividends and distributions payable | 24,411,000 | 24,162,000 | 23,909,000 | 23,688,000 | 23,583,000 | 23,469,000 | 23,358,000 | 23,240,000 | 23,127,000 | 22,937,000 | 22,482,000 | 22,473,000 | 22,462,000 | 22,453,000 | 22,445,000 | 22,437,000 | 21,722,000 | 21,672,000 | 20,543,000 | 20,499,000 | 19,510,000 | 19,448,000 | 19,373,000 | 19,358,000 | 19,350,000 | 19,291,000 | 19,634,000 | 19,313,000 | 19,224,000 | 19,153,000 | 18,722,000 | 18,599,000 | 18,158,000 | 18,520,000 | 18,143,000 | 18,081,000 | 18,005,000 | 17,953,000 | 16,739,000 | 16,684,000 | 16,684,000 | 16,570,000 | 15,380,000 | 15,329,000 | 15,290,000 | 15,253,000 | 14,352,000 | 14,434,000 | 14,398,000 | 14,308,000 | 13,135,000 | 13,082,000 | 13,022,000 | 11,844,000 | 13,490,000 | 13,394,000 | 13,335,000 | 13,279,000 | 13,219,000 | 13,162,000 | 12,506,000 | 12,464,000 | 12,415,000 | 12,343,000 | 12,302,000 | 12,260,000 | 12,220,000 | 12,179,000 | 12,872,000 | 12,868,000 | 12,864,000 | 14,722,000 | 14,803,000 | 12,998,000 | 12,887,000 | 12,876,000 | 12,115,000 | 12,061,000 | 11,558,000 | 11,492,000 | 11,418,000 | 11,379,000 | 11,319,000 | 11,247,000 | 10,748,000 | 10,464,000 | 10,424,000 | 10,371,000 | 10,322,000 | 10,260,000 |
total liabilities | 1,683,378,000 | 1,685,421,000 | 1,682,376,000 | 1,651,410,000 | 1,639,750,000 | 1,625,280,000 | 1,604,340,000 | 1,558,577,000 | 1,516,375,000 | 1,489,708,000 | 1,449,590,000 | 1,392,650,000 | 1,352,170,000 | 1,311,500,000 | 1,281,701,000 | 1,252,455,000 | 1,225,093,000 | 1,216,274,000 | 1,209,893,000 | 1,207,527,000 | 1,230,394,000 | 1,218,039,000 | 1,249,757,000 | 1,248,350,000 | 1,198,234,000 | 1,174,984,000 | 1,101,327,000 | 1,132,553,000 | 1,115,497,000 | 1,102,269,000 | 1,089,339,000 | 1,040,151,000 | 1,035,790,000 | 1,029,349,000 | 1,035,596,000 | 1,036,417,000 | 1,040,471,000 | 969,776,000 | 940,993,000 | 929,025,000 | 929,025,000 | 943,613,000 | 950,418,000 | 948,953,000 | 932,222,000 | 927,624,000 | 927,730,000 | 919,242,000 | 890,773,000 | 884,188,000 | 883,549,000 | 890,573,000 | 888,783,000 | 894,936,000 | 900,020,000 | 901,529,000 | 904,298,000 | 889,880,000 | 899,363,000 | 904,581,000 | 790,160,000 | 801,405,000 | 774,075,000 | 736,869,000 | 733,135,000 | 710,131,000 | 699,511,000 | 681,417,000 | 681,750,000 | 645,222,000 | 625,986,000 | 628,299,000 | 622,791,000 | 610,102,000 | 573,919,000 | 571,402,000 | 558,762,000 | 559,006,000 | 562,661,000 | 564,697,000 | 555,115,000 | 540,817,000 | 516,987,000 | 495,075,000 | 496,128,000 | 482,233,000 | 482,432,000 | 461,252,000 | 438,568,000 | 405,329,000 |
equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 1,000,000 shares authorized: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series d cumulative redeemable, 30,000 shares issued and outstanding | 75,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series e cumulative redeemable, 44,000 shares issued and outstanding | 110,000,000 | 110,000,000 | 110,000,000 | 110,000,000 | 110,000,000 | 110,000,000 | 110,000,000 | 110,000,000 | 110,000,000 | 110,000,000 | 110,000,000 | 110,000,000 | 110,000,000 | 110,000,000 | 110,000,000 | 110,000,000 | 110,000,000 | 110,000,000 | 110,000,000 | 110,000,000 | 110,000,000 | 110,000,000 | 110,000,000 | 110,000,000 | 110,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, 0.01 par value... | 246,000 | 245,000 | 245,000 | 245,000 | 243,000 | 243,000 | 241,000 | 241,000 | 241,000 | 241,000 | 241,000 | 240,000 | 240,000 | 240,000 | 240,000 | 240,000 | 239,000 | 238,000 | 237,000 | 236,000 | 236,000 | 235,000 | 234,000 | 233,000 | 233,000 | 232,000 | 231,000 | 230,000 | 229,000 | 227,000 | 225,000 | 223,000 | 222,000 | 221,000 | 220,000 | 219,000 | 218,000 | 217,000 | 216,000 | 215,000 | 215,000 | 213,000 | 213,000 | 212,000 | 211,000 | 211,000 | 209,000 | 209,000 | 208,000 | 206,000 | 206,000 | 205,000 | 204,000 | 201,000 | 198,000 | 196,000 | 195,000 | 193,000 | 191,000 | 188,000 | 187,000 | 186,000 | 184,000 | 181,000 | 180,000 | 179,000 | 179,000 | 179,000 | 179,000 | 181,000 | 180,000 | 179,000 | 178,000 | 177,000 | 176,000 | 173,000 | 172,000 | 170,000 | 170,000 | 169,000 | 168,000 | 167,000 | 165,000 | 163,000 | 161,000 | 160,000 | ||||
additional paid-in capital | 461,101,000 | 459,222,000 | 457,283,000 | 456,120,000 | 455,112,000 | 454,086,000 | 453,074,000 | 451,845,000 | 450,781,000 | 449,959,000 | 449,076,000 | 448,231,000 | 447,134,000 | 446,301,000 | 445,456,000 | 444,496,000 | 440,151,000 | 436,609,000 | 430,537,000 | 427,347,000 | 423,787,000 | 420,625,000 | 417,504,000 | 416,793,000 | 415,962,000 | 410,926,000 | 401,395,000 | 399,047,000 | 391,122,000 | 384,533,000 | 373,036,000 | 361,413,000 | 356,715,000 | 352,590,000 | 344,820,000 | 338,495,000 | 332,158,000 | 328,171,000 | 324,185,000 | 318,778,000 | 318,778,000 | 308,574,000 | 305,008,000 | 300,230,000 | 297,009,000 | 293,564,000 | 287,995,000 | 283,456,000 | 279,243,000 | 273,351,000 | 270,428,000 | 267,727,000 | 260,371,000 | 253,445,000 | 246,557,000 | 236,459,000 | 230,002,000 | 223,622,000 | 217,829,000 | 211,897,000 | 200,734,000 | 195,477,000 | 189,787,000 | 182,756,000 | 178,003,000 | 173,239,000 | 169,363,000 | 165,794,000 | 165,367,000 | 164,686,000 | 164,278,000 | 163,813,000 | 162,263,000 | 160,139,000 | 161,618,000 | 160,305,000 | 153,870,000 | 147,297,000 | 141,554,000 | 134,699,000 | 128,009,000 | 126,115,000 | 123,339,000 | 119,429,000 | 115,820,000 | 110,313,000 | 106,886,000 | 102,630,000 | 98,980,000 | 94,986,000 |
distributions in excess of accumulated earnings | -345,859,000 | -337,708,000 | -326,978,000 | -320,255,000 | -313,879,000 | -306,541,000 | -297,498,000 | -294,852,000 | -292,213,000 | -288,825,000 | -285,024,000 | -280,850,000 | -277,020,000 | -273,559,000 | -268,451,000 | -263,444,000 | -259,506,000 | -256,448,000 | -252,309,000 | -249,612,000 | -246,559,000 | -241,535,000 | -235,720,000 | -229,918,000 | -223,075,000 | -221,177,000 | -215,334,000 | -212,109,000 | -210,207,000 | -208,593,000 | -205,872,000 | -204,404,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | 1,375,000 | 1,061,000 | 1,076,000 | 1,268,000 | 1,891,000 | 2,966,000 | 1,029,000 | 3,434,000 | 3,278,000 | 2,014,000 | 4,724,000 | 3,131,000 | 1,402,000 | 2,852,000 | 3,063,000 | 21,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total saul centers, inc. equity | 301,863,000 | 307,820,000 | 316,626,000 | 322,378,000 | 328,367,000 | 335,754,000 | 341,846,000 | 345,668,000 | 347,087,000 | 348,389,000 | 393,667,000 | 395,402,000 | 396,406,000 | 400,484,000 | 404,958,000 | 405,942,000 | 405,534,000 | 405,049,000 | 442,765,000 | 442,271,000 | 441,764,000 | 364,325,000 | 367,018,000 | 372,108,000 | 378,120,000 | 374,981,000 | 475,949,000 | 366,784,000 | 360,855,000 | 355,912,000 | 347,233,000 | 336,947,000 | 334,125,000 | 334,405,000 | 329,456,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interests | 171,611,000 | 169,437,000 | 168,579,000 | 165,896,000 | 163,369,000 | 165,370,000 | 166,838,000 | 167,352,000 | 166,844,000 | 156,040,000 | 117,666,000 | 118,642,000 | 119,429,000 | 121,318,000 | 123,359,000 | 124,089,000 | 124,925,000 | 125,438,000 | 86,842,000 | 87,182,000 | 62,098,000 | 63,208,000 | 64,599,000 | 66,178,000 | 68,486,000 | 68,375,000 | 69,488,000 | 69,308,000 | 58,698,000 | 54,744,000 | 50,399,000 | 46,721,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total equity | 473,474,000 | 477,257,000 | 485,205,000 | 488,274,000 | 491,736,000 | 501,124,000 | 508,684,000 | 513,020,000 | 513,931,000 | 504,429,000 | 511,333,000 | 514,044,000 | 515,835,000 | 521,802,000 | 528,317,000 | 530,031,000 | 530,459,000 | 530,487,000 | 529,607,000 | 529,453,000 | 503,862,000 | 427,533,000 | 431,617,000 | 438,286,000 | 446,606,000 | 443,356,000 | 545,437,000 | 436,609,000 | 430,331,000 | 425,220,000 | 416,799,000 | 406,331,000 | 393,357,000 | 393,103,000 | 388,132,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and equity | 2,156,852,000 | 2,162,678,000 | 2,167,581,000 | 2,139,684,000 | 2,131,486,000 | 2,126,404,000 | 2,113,024,000 | 2,071,597,000 | 2,030,306,000 | 1,994,137,000 | 1,960,923,000 | 1,906,694,000 | 1,868,005,000 | 1,833,302,000 | 1,810,018,000 | 1,782,486,000 | 1,755,552,000 | 1,746,761,000 | 1,739,500,000 | 1,736,980,000 | 1,734,256,000 | 1,645,572,000 | 1,681,374,000 | 1,686,636,000 | 1,644,840,000 | 1,618,340,000 | 1,646,764,000 | 1,569,162,000 | 1,545,828,000 | 1,527,489,000 | 1,506,138,000 | 1,446,482,000 | 1,429,147,000 | 1,422,452,000 | 1,423,728,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate investments: - sum | 2,867,599,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
partnership units in escrow | 39,650,000 | 39,650,000 | 39,650,000 | 39,650,000 | 39,650,000 | 39,650,000 | 39,650,000 | 39,650,000 | 79,300,000 | 79,300,000 | 79,300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes payable | 943,538,000 | 951,505,000 | 959,395,000 | 969,109,000 | 888,404,000 | 905,225,000 | 794,586,000 | 801,947,000 | 814,268,000 | 835,613,000 | 791,534,000 | 798,343,000 | 846,525,000 | 853,627,000 | 873,143,000 | 861,897,000 | 869,272,000 | 876,544,000 | 873,538,000 | 810,108,000 | 816,738,000 | 778,382,000 | 784,402,000 | 784,402,000 | 790,324,000 | 807,990,000 | 813,861,000 | 818,083,000 | 814,606,000 | 820,145,000 | 379,269,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
construction loan payable | 50,760,000 | 25,841,000 | 147,112,000 | 147,087,000 | 146,551,000 | 144,607,000 | 141,626,000 | 134,650,000 | 122,510,000 | 108,623,000 | 93,537,000 | 70,436,000 | 36,897,000 | 21,655,000 | 1,247,000 | 70,077,000 | 69,553,000 | 68,672,000 | 66,839,000 | 61,460,000 | 61,460,000 | 53,042,000 | 45,208,000 | 31,413,000 | 17,531,000 | 8,768,000 | 5,391,000 | 1,859,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
finance lease right-of-use asset | 19,362,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
finance lease liability | 19,425,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses | 5,643,000 | 8,387,000 | 1,579,000 | 3,611,000 | 5,363,000 | 9,357,000 | 1,806,000 | 4,064,000 | 5,175,000 | 9,015,000 | 1,669,000 | 4,085,000 | 5,248,000 | 8,901,000 | 1,724,000 | 3,642,000 | 5,057,000 | 8,585,000 | 1,892,000 | 1,892,000 | 3,401,000 | 4,663,000 | 8,115,000 | 1,663,000 | 3,506,000 | 4,093,000 | 6,858,000 | 1,634,000 | 3,390,000 | 4,047,000 | 7,439,000 | 1,669,000 | 4,065,000 | 3,895,000 | 6,367,000 | 1,437,000 | 3,257,000 | 3,868,000 | 5,843,000 | 1,286,000 | 2,694,000 | 3,024,000 | 4,854,000 | 1,427,000 | 2,532,000 | 3,096,000 | 4,860,000 | 1,507,000 | 2,576,000 | 2,981,000 | 4,642,000 | 1,407,000 | 2,483,000 | 2,571,000 | 4,146,000 | 1,349,000 | 2,363,000 | 2,507,000 | 3,961,000 | 1,473,000 | 2,293,000 | 2,540,000 | 3,704,000 | 1,098,000 | 1,862,000 | 2,421,000 | 3,072,000 | 2,170,000 | 21,031,000 | |||||||||||||||||||||
series c cumulative redeemable, 0 and 42,000 shares issued and outstanding, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series e cumulative redeemable, 44,000 and 0 shares issued and outstanding, respectively | 110,000,000 | 110,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -343,000 | -384,000 | -289,000 | -255,000 | -156,000 | -285,000 | -407,000 | -696,000 | -925,000 | -1,052,000 | -1,093,000 | -1,299,000 | -2,086,000 | -2,406,000 | -2,406,000 | -2,313,000 | -1,802,000 | -2,272,000 | -1,856,000 | -2,211,000 | -1,894,000 | -1,595,000 | -1,873,000 | -1,561,000 | -1,392,000 | -1,873,000 | -1,866,000 | -3,180,000 | -3,553,000 | -3,773,000 | -3,536,000 | -2,455,000 | -2,863,000 | -2,674,000 | -419,000 | -2,525,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c cumulative redeemable, 42,000 shares issued and outstanding | 105,000,000 | 105,000,000 | 105,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest | 69,825,000 | 69,476,000 | 69,566,000 | 69,384,000 | 59,232,000 | 58,676,000 | 58,636,000 | 57,106,000 | 53,582,000 | 52,699,000 | 52,699,000 | 51,812,000 | 48,929,000 | 47,974,000 | 47,161,000 | 47,889,000 | 48,299,000 | 42,160,000 | 38,448,000 | 34,383,000 | 34,767,000 | 35,639,000 | 39,586,000 | 40,018,000 | 41,133,000 | 42,491,000 | 43,378,000 | 44,674,000 | -2,147,000 | -941,000 | -143,000 | 18,000 | 46,000 | 1,431,000 | 1,359,000 | 1,538,000 | 1,747,000 | 2,664,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
series c cumulative redeemable, 42,000 and 72,000 shares issued and outstanding, respectively | 105,000,000 | 105,000,000 | 105,000,000 | 105,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series d cumulative redeemable, 30,000 and 0 shares issued and outstanding, respectively | 75,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated deficit | -202,405,000 | -197,710,000 | -194,659,000 | -191,837,000 | -189,078,000 | -188,584,000 | -185,886,000 | -182,856,000 | -182,856,000 | -180,264,000 | -180,091,000 | -179,102,000 | -177,517,000 | -175,738,000 | -173,774,000 | -170,673,000 | -169,222,000 | -173,747,000 | -172,564,000 | -171,843,000 | -170,649,000 | -166,710,000 | -154,830,000 | -153,312,000 | -150,351,000 | -147,585,000 | -144,659,000 | -141,472,000 | -136,302,000 | -132,144,000 | -128,926,000 | -126,166,000 | -128,604,000 | -123,925,000 | -124,167,000 | -123,541,000 | -122,920,000 | -119,879,000 | -118,865,000 | -118,925,000 | -116,270,000 | -114,339,000 | -113,017,000 | -111,952,000 | -111,246,000 | -110,440,000 | -109,636,000 | -115,755,000 | -114,859,000 | -113,513,000 | -112,094,000 | -110,894,000 | -109,708,000 | -107,911,000 | -106,086,000 | -103,916,000 | -102,927,000 | -100,916,000 | ||||||||||||||||||||||||||||||||
series c cumulative redeemable, 72,000 shares issued and outstanding | 180,000,000 | 180,000,000 | 180,000,000 | 180,000,000 | 180,000,000 | 180,000,000 | 180,000,000 | 180,000,000 | 180,000,000 | 180,000,000 | 180,000,000 | 180,000,000 | 180,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total saul centers, inc. stockholders’ equity | 325,825,000 | 322,205,000 | 316,429,000 | 313,731,000 | 313,731,000 | 306,210,000 | 299,068,000 | 297,847,000 | 295,826,000 | 291,397,000 | 288,356,000 | 278,249,000 | 274,216,000 | 268,060,000 | 263,757,000 | 255,639,000 | 253,105,000 | 249,828,000 | 247,270,000 | 243,948,000 | 242,869,000 | 239,956,000 | 233,577,000 | 228,909,000 | 228,823,000 | 224,704,000 | 221,760,000 | 221,954,000 | 224,314,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ equity | 384,461,000 | 379,311,000 | 370,011,000 | 366,430,000 | 366,430,000 | 358,022,000 | 347,997,000 | 345,821,000 | 342,987,000 | 339,286,000 | 336,655,000 | 320,409,000 | 308,599,000 | 302,827,000 | 299,396,000 | 296,772,000 | 295,596,000 | 293,206,000 | 291,944,000 | 241,801,000 | 241,928,000 | 239,813,000 | 233,595,000 | 228,955,000 | 230,254,000 | 226,063,000 | 223,298,000 | 223,701,000 | 226,978,000 | 224,920,000 | 224,397,000 | 225,501,000 | 225,307,000 | 148,779,000 | 148,530,000 | 142,800,000 | 132,091,000 | 119,116,000 | 113,320,000 | 112,772,000 | 111,414,000 | 108,703,000 | 106,279,000 | 102,567,000 | 100,964,000 | 98,877,000 | 96,214,000 | 94,230,000 | ||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 1,420,878,000 | 1,419,782,000 | 1,311,004,000 | 1,295,455,000 | 1,295,455,000 | 1,301,635,000 | 1,296,950,000 | 1,278,043,000 | 1,270,611,000 | 1,258,528,000 | 1,227,428,000 | 1,204,597,000 | 1,199,172,000 | 1,191,610,000 | 1,194,332,000 | 1,201,070,000 | 1,185,476,000 | 1,192,569,000 | 1,196,525,000 | 1,031,961,000 | 1,043,333,000 | 1,013,888,000 | 970,464,000 | 962,090,000 | 940,385,000 | 925,574,000 | 904,715,000 | 905,451,000 | 872,200,000 | 853,873,000 | 855,640,000 | 852,039,000 | 839,756,000 | 727,443,000 | 725,023,000 | 706,867,000 | 700,537,000 | 689,739,000 | 674,629,000 | 658,195,000 | 631,469,000 | 605,262,000 | 602,407,000 | 584,800,000 | 583,396,000 | 560,129,000 | 534,782,000 | 499,559,000 | ||||||||||||||||||||||||||||||||||||||||||
stockholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total saul centers, inc. stockholders' equity | 318,505,000 | 303,328,000 | 292,536,000 | 276,678,000 | 267,703,000 | 258,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders' equity | 373,249,000 | 353,727,000 | 339,257,000 | 315,126,000 | 307,289,000 | 298,918,000 | 137,032,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders' equity | 1,343,025,000 | 1,304,145,000 | 1,266,987,000 | 1,198,675,000 | 1,207,309,000 | 1,200,447,000 | 701,575,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred debt costs | 8,737,000 | 9,091,000 | 9,455,000 | 9,695,000 | 9,874,000 | 10,192,000 | 10,564,000 | 9,345,000 | 9,675,000 | 8,244,000 | 8,342,000 | 8,301,000 | 7,713,000 | 8,106,000 | 8,267,000 | 6,719,000 | 7,090,000 | 6,969,000 | 6,914,000 | 7,211,000 | 7,192,000 | 6,767,000 | 7,025,000 | 7,291,000 | 7,537,000 | 7,466,000 | 5,969,000 | 5,576,000 | 5,875,000 | 6,148,000 | 6,440,000 | 6,402,000 | 6,264,000 | 5,186,000 | 5,266,000 | 5,086,000 | 5,328,000 | 5,595,000 | 5,845,000 | 5,916,000 | 5,875,000 | 5,930,000 | 6,177,000 | 6,093,000 | 5,011,000 | 4,982,000 | 4,509,000 | 4,498,000 | ||||||||||||||||||||||||||||||||||||||||||
series a cumulative redeemable, 16,000 shares issued and outstanding in 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c cumulative redeemable, 72,000 and 56,000 shares issued and outstanding, respectively | 180,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a cumulative redeemable, 16,000 shares issued and outstanding | 40,000,000 | 40,000,000 | 40,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c cumulative redeemable, 56,000 shares issued and outstanding | 140,000,000 | 140,000,000 | 140,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a cumulative redeemable, 16,000 and 40,000 shares issued and outstanding, respectively | 40,000,000 | 40,000,000 | 40,000,000 | 40,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b cumulative redeemable, 31,731 shares issued and outstanding in 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c cumulative redeemable, 56,000 shares issued and outstanding in 2013 | 140,000,000 | 140,000,000 | 140,000,000 | 140,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
20,199,685 and 20,045,452 shares issued and outstanding, respectively | 202,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a cumulative redeemable, 40,000 shares issued and outstanding | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b cumulative redeemable, 31,731 shares issued and outstanding | 79,328,000 | 79,328,000 | 79,328,000 | 79,328,000 | 79,328,000 | 79,328,000 | 79,328,000 | 79,328,000 | 79,328,000 | 79,328,000 | 79,328,000 | 79,328,000 | 79,328,000 | 79,328,000 | 79,328,000 | 79,328,000 | 79,328,000 | 79,328,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
18,239,838 and 18,012,416 shares issued and outstanding, respectively | 182,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revolving credit facility outstanding | 15,000,000 | 15,000,000 | 8,000,000 | 32,000,000 | 35,000,000 | 31,000,000 | 26,000,000 | 10,500,000 | 10,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interests | 2,967,000 | 2,944,000 | 3,747,000 | 4,347,000 | 4,745,000 | 5,091,000 | 5,305,000 | 5,537,000 | 5,785,000 | 5,926,000 | 6,194,000 | 4,606,000 | 3,068,000 | 1,484,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b cumulative redeemable, 31,731 shares issued and outstanding as of december 31, 2008 | 79,328,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a cumulative redeemable, 40,000 shares shares issued and outstanding | 100,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b cumulative redeemable, 31,731 shares shares issued and outstanding | 79,328,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a cumulative redeemable preferred stock, 1,000,000 shares authorized and 40,000 shares issued and outstanding | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
17,450,329 and 17,341,441 shares issued and outstanding, respectively | 175,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
leasing costs | 19,698,000 | 20,212,000 | 19,834,000 | 17,031,000 | 17,445,000 | 18,046,000 | 17,745,000 | 18,571,000 | 18,887,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, par value 0.01 per share... | 164,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a cumulative redeemable preferred stock, par value 0.01 per share... | 100,000,000 | 100,000,000 | 100,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revolving credit facility | 22,000,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-12-31 | 2004-09-30 | 2004-06-30 | 2004-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 12,043,000 | 8,194,000 | 13,996,000 | 14,181,000 | 12,848,000 | 10,358,000 | 19,592,000 | 19,490,000 | 18,263,000 | 17,463,000 | 16,711,000 | 17,189,000 | 17,663,000 | 15,391,000 | 15,513,000 | 16,997,000 | 17,491,000 | 15,850,000 | 16,885,000 | 16,119,000 | 12,795,000 | 11,676,000 | 11,603,000 | 10,208,000 | 16,829,000 | 15,041,000 | 15,328,000 | 16,750,000 | 17,077,000 | 15,509,000 | 16,703,000 | 15,900,000 | 14,947,000 | 14,488,000 | 14,385,000 | 14,421,000 | 17,374,000 | 14,376,000 | 12,723,000 | 13,247,000 | 16,374,000 | 14,085,000 | 13,232,000 | 12,933,000 | 12,681,000 | 12,310,000 | 12,480,000 | 20,487,000 | 12,711,000 | 12,174,000 | 11,160,000 | 3,398,000 | 11,461,000 | 9,404,000 | 9,595,000 | 9,320,000 | 8,815,000 | 6,000,000 | 7,147,000 | 8,332,000 | 8,870,000 | 15,503,000 | 6,238,000 | 12,574,000 | 11,417,000 | 11,349,000 | 8,914,000 | 11,550,000 | 10,814,000 | 9,521,000 | 10,229,000 | 9,130,000 | 9,279,000 | 9,624,000 | 8,926,000 | 8,874,000 | 8,855,000 | 8,321,000 | 7,797,000 | 7,707,000 | 7,890,000 | 7,856,000 | 6,871,000 | 6,610,000 | 6,228,000 | 7,355,000 | 6,286,000 | 6,305,000 |
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization of deferred leasing costs | 15,916,000 | 16,057,000 | 14,106,000 | 14,098,000 | 14,523,000 | 14,400,000 | 12,072,000 | 12,001,000 | 12,029,000 | 12,203,000 | 12,097,000 | 12,113,000 | 12,017,000 | 13,533,000 | 13,712,000 | 12,600,000 | 11,281,000 | 11,148,000 | 12,018,000 | 11,524,000 | 11,643,000 | 11,905,000 | 11,256,000 | 11,351,000 | 11,349,000 | 11,298,000 | 11,363,000 | 11,691,000 | 11,342,000 | 10,939,000 | 11,626,000 | 10,817,000 | 11,035,000 | 10,888,000 | 11,131,000 | 10,811,000 | 10,440,000 | 10,458,000 | 10,256,000 | 10,309,000 | 10,180,000 | 9,814,000 | 28,824,000 | 16,352,000 | 10,373,000 | 10,268,000 | 9,770,000 | 9,778,000 | 10,092,000 | 8,512,000 | 8,472,000 | 8,324,000 | 7,124,000 | 7,062,000 | 7,317,000 | 7,073,000 | 7,056,000 | 7,084,000 | 7,083,000 | 7,041,000 | 7,364,000 | 8,487,000 | 6,989,000 | 6,943,000 | 6,988,000 | 6,525,000 | 6,503,000 | 6,448,000 | ||||||||||||||||||||
amortization of deferred debt costs | 856,000 | 853,000 | 856,000 | 625,000 | 627,000 | 631,000 | 577,000 | 581,000 | 564,000 | 563,000 | 565,000 | 563,000 | 559,000 | 557,000 | 487,000 | 464,000 | 477,000 | 473,000 | 426,000 | 406,000 | 405,000 | 407,000 | 403,000 | 387,000 | 373,000 | 388,000 | 370,000 | 376,000 | 384,000 | 386,000 | 377,000 | 377,000 | 470,000 | 349,000 | 351,000 | 347,000 | 345,000 | 340,000 | 340,000 | 331,000 | 332,000 | 339,000 | 340,000 | 392,000 | 362,000 | 358,000 | 355,000 | 284,000 | 330,000 | 323,000 | 625,000 | 311,000 | 395,000 | 280,000 | 495,000 | 406,000 | 401,000 | 386,000 | 388,000 | 372,000 | 368,000 | 313,000 | 419,000 | 367,000 | 466,000 | 449,000 | 790,000 | 299,000 | 273,000 | 304,000 | 300,000 | 285,000 | 309,000 | 285,000 | 279,000 | 276,000 | 275,000 | 274,000 | 272,000 | 268,000 | 259,000 | |||||||
non-cash share-based compensation costs | 549,000 | 521,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
credit losses on operating lease receivables | 170,000 | 717,000 | 399,000 | 219,000 | 387,000 | -68,000 | 23,000 | 25,000 | 10,000 | -149,000 | -260,000 | 1,211,000 | 1,050,000 | 1,862,000 | 2,170,000 | 130,000 | 430,000 | 318,000 | 238,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in accounts receivable and accrued income | -623,000 | 2,035,000 | 1,510,000 | -505,000 | 133,000 | -4,380,000 | 184,000 | -1,144,000 | -38,000 | -2,940,000 | -869,000 | -2,298,000 | -138,000 | -939,000 | -1,189,000 | -118,000 | -597,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions to deferred leasing costs | -998,000 | -678,000 | -606,000 | -1,491,000 | -1,161,000 | -1,375,000 | -746,000 | -2,912,000 | -1,262,000 | -1,751,000 | -1,370,000 | -967,000 | -1,519,000 | -1,299,000 | -514,000 | -407,000 | -496,000 | -498,000 | -315,000 | -493,000 | -508,000 | -667,000 | -1,739,000 | -880,000 | -4,764,000 | -463,000 | -799,000 | -27,000 | -554,000 | -1,839,000 | -1,405,000 | -1,744,000 | -1,046,000 | -961,000 | -833,000 | -1,890,000 | -931,000 | -912,000 | -1,278,000 | -975,000 | -1,468,000 | -1,438,000 | -1,273,000 | -1,683,000 | -1,169,000 | -1,218,000 | -968,000 | -1,161,000 | -701,000 | -1,316,000 | -1,862,000 | -907,000 | -1,536,000 | |||||||||||||||||||||||||||||||||||
decrease in other assets | -132,000 | 2,438,000 | 2,793,000 | 2,946,000 | 377,000 | 2,232,000 | 1,083,000 | -1,506,000 | 2,519,000 | 369,000 | 831,000 | -377,000 | 2,943,000 | 2,510,000 | -5,012,000 | -55,000 | 1,511,000 | -1,886,000 | 1,809,000 | 2,295,000 | 1,986,000 | 2,074,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in accounts payable, accrued expenses, and other liabilities | 4,150,000 | 358,000 | 614,000 | 2,913,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in deferred income | -2,645,000 | -2,351,000 | -2,958,000 | -1,194,000 | -1,138,000 | -1,134,000 | -199,000 | 2,613,000 | -572,000 | -4,620,000 | 1,575,000 | 168,000 | -3,370,000 | 132,000 | -1,958,000 | 892,000 | -1,301,000 | -1,150,000 | -231,000 | -406,000 | -1,301,000 | 1,842,000 | -851,000 | -2,528,000 | 133,000 | -4,359,000 | -1,886,000 | -138,000 | 435,000 | -702,000 | -276,000 | -48,000 | -175,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | 29,286,000 | 22,187,000 | 20,631,000 | 26,604,000 | 30,374,000 | 28,776,000 | 26,489,000 | 32,131,000 | 33,828,000 | 32,687,000 | 16,348,000 | 32,594,000 | 36,098,000 | 29,142,000 | 25,525,000 | 26,474,000 | 40,010,000 | 29,319,000 | 22,445,000 | 31,839,000 | 34,778,000 | 21,613,000 | 15,021,000 | 15,699,000 | 26,050,000 | 33,285,000 | 18,266,000 | 32,191,000 | 31,641,000 | 35,466,000 | 21,182,000 | 27,904,000 | 25,787,000 | 29,007,000 | 16,743,000 | 26,148,000 | 31,552,000 | 18,739,000 | 16,809,000 | 22,245,000 | 31,297,000 | 24,170,000 | 16,269,000 | 25,264,000 | 23,193,000 | 20,439,000 | 23,384,000 | 18,820,000 | 23,925,000 | 25,083,000 | 34,043,000 | 15,680,000 | 19,467,000 | 10,902,000 | 28,313,000 | 19,741,000 | 15,531,000 | 13,280,000 | 14,864,000 | 11,994,000 | 19,559,000 | 8,172,000 | 16,188,000 | 18,968,000 | 18,649,000 | 14,578,000 | 15,406,000 | 20,391,000 | 15,792,000 | 17,675,000 | 18,068,000 | 21,566,000 | 17,967,000 | 16,415,000 | 17,382,000 | 19,433,000 | 14,182,000 | 14,876,000 | 18,635,000 | 14,481,000 | 15,682,000 | 15,643,000 | 13,444,000 | 13,632,000 | 11,648,000 | 16,526,000 | 11,675,000 | 10,862,000 |
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
free cash flows | 29,286,000 | 22,187,000 | 20,631,000 | 26,604,000 | 30,374,000 | 28,776,000 | 26,489,000 | 32,131,000 | 33,828,000 | 32,687,000 | 16,348,000 | 32,594,000 | 36,098,000 | 29,142,000 | 25,525,000 | 26,474,000 | 40,010,000 | 29,319,000 | 22,445,000 | 31,839,000 | 34,778,000 | 21,613,000 | 15,021,000 | 15,699,000 | 26,050,000 | 33,285,000 | 18,266,000 | 32,191,000 | 31,641,000 | 35,466,000 | 21,182,000 | 27,904,000 | 25,787,000 | 29,007,000 | 16,743,000 | 26,148,000 | 31,552,000 | 18,739,000 | 16,809,000 | 22,245,000 | 31,297,000 | 24,170,000 | 16,269,000 | 25,264,000 | 23,193,000 | 20,439,000 | 23,384,000 | 18,820,000 | 23,925,000 | 25,083,000 | 34,043,000 | 15,680,000 | 19,467,000 | 10,902,000 | 28,313,000 | 19,741,000 | 15,531,000 | 13,280,000 | 14,864,000 | 11,994,000 | 19,559,000 | 8,172,000 | 16,188,000 | 18,968,000 | 18,649,000 | 14,578,000 | 15,406,000 | 20,391,000 | 15,792,000 | 17,675,000 | 18,068,000 | 21,566,000 | 17,967,000 | 16,415,000 | 17,382,000 | 19,433,000 | 14,182,000 | 14,876,000 | 18,635,000 | 14,481,000 | 15,682,000 | 15,643,000 | 13,444,000 | 13,632,000 | 11,648,000 | 16,526,000 | 11,675,000 | 10,862,000 |
cash flows from investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions to real estate investments | -3,321,000 | -21,540,000 | -1,863,000 | -10,897,000 | -8,787,000 | -16,456,000 | -9,884,000 | -5,057,000 | -5,832,000 | -7,584,000 | -4,503,000 | -9,090,000 | -5,019,000 | -3,566,000 | -5,201,000 | -3,073,000 | -3,941,000 | -4,043,000 | -2,925,000 | -5,599,000 | -6,069,000 | -5,819,000 | -2,902,000 | -2,247,000 | -8,516,000 | -8,493,000 | -5,541,000 | -4,983,000 | -2,874,000 | -6,297,000 | -3,675,000 | 572,000 | -3,483,000 | -5,264,000 | -5,109,000 | -2,723,000 | -4,557,000 | -4,293,000 | -2,610,000 | -4,511,000 | -4,150,000 | -5,584,000 | -6,277,000 | -4,282,000 | -2,712,000 | -3,812,000 | -4,172,000 | -3,775,000 | -3,227,000 | -3,696,000 | -7,322,000 | -3,635,000 | -4,270,000 | -2,962,000 | -2,671,000 | -2,777,000 | -3,497,000 | -2,597,000 | -3,090,000 | -2,440,000 | -2,148,000 | -2,196,000 | -732,000 | -1,497,000 | -1,071,000 | -1,637,000 | -2,918,000 | -1,630,000 | -2,988,000 | -1,842,000 | -3,076,000 | -2,080,000 | -1,339,000 | -2,100,000 | -2,482,000 | -1,381,000 | -297,000 | -1,456,000 | -4,553,000 | -3,839,000 | -4,548,000 | -1,802,000 | -1,687,000 | -1,138,000 | -64,000 | -949,000 | -4,563,000 | -849,000 |
additions to development and redevelopment projects | -3,688,000 | -165,000 | -17,678,000 | -19,276,000 | -15,697,000 | -27,265,000 | -44,933,000 | -39,749,000 | -39,737,000 | -48,830,000 | -43,398,000 | -47,120,000 | -38,137,000 | -28,813,000 | -27,394,000 | -31,973,000 | -12,927,000 | -12,998,000 | -8,426,000 | -2,351,000 | -4,450,000 | -2,362,000 | -6,534,000 | -15,092,000 | -13,072,000 | -22,115,000 | -30,939,000 | -40,193,000 | -20,525,000 | -21,564,000 | -19,447,000 | -22,006,000 | -13,240,000 | -8,556,000 | -6,555,000 | -4,413,000 | -3,318,000 | -4,158,000 | -5,302,000 | -8,113,000 | -9,658,000 | -14,122,000 | -14,058,000 | -10,671,000 | -7,019,000 | -7,595,000 | -3,850,000 | -3,682,000 | -2,661,000 | -1,762,000 | -4,054,000 | -1,429,000 | -3,060,000 | -3,029,000 | -701,000 | -1,123,000 | -1,140,000 | -1,656,000 | -7,283,000 | -10,701,000 | ||||||||||||||||||||||||||||
net cash from investing activities | -7,009,000 | -21,705,000 | -19,541,000 | -30,084,000 | -24,484,000 | -43,721,000 | -54,817,000 | -44,625,000 | -45,569,000 | -56,414,000 | -47,901,000 | -56,210,000 | -43,156,000 | -32,379,000 | -32,595,000 | -35,046,000 | -16,868,000 | -17,041,000 | -11,351,000 | -8,562,000 | -18,918,000 | -7,805,000 | -9,436,000 | -17,339,000 | -21,588,000 | -30,608,000 | -36,456,000 | -45,176,000 | -23,423,000 | -32,351,000 | -59,306,000 | -20,270,000 | -16,723,000 | -13,820,000 | -4,976,000 | -7,161,000 | -87,349,000 | -41,589,000 | -18,253,000 | -12,624,000 | -13,808,000 | -19,706,000 | -24,336,000 | -14,921,000 | -10,624,000 | -20,356,000 | -48,022,000 | -1,323,000 | -13,888,000 | -5,927,000 | -11,376,000 | -5,064,000 | -37,200,000 | -2,401,000 | -3,372,000 | -3,900,000 | -4,637,000 | -171,749,000 | -10,373,000 | -14,741,000 | -40,334,000 | -17,315,000 | -21,860,000 | -18,730,000 | -21,935,000 | -20,627,000 | -20,450,000 | -17,457,000 | -13,325,000 | -18,530,000 | -13,441,000 | -69,774,000 | -10,227,000 | -23,079,000 | -9,312,000 | -14,074,000 | -27,419,000 | -14,894,000 | -36,337,000 | -8,510,000 | -4,596,000 | -24,362,000 | -17,634,000 | -15,392,000 | -33,462,000 | -47,575,000 | ||
cash flows from financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from mortgage notes payable | 8,500,000 | 50,000,000 | 70,000,000 | 0 | 83,600,000 | 48,600,000 | 0 | 0 | 49,590,000 | 111,410,000 | 0 | 125,000,000 | 17,000,000 | 0 | 33,000,000 | -13,499,000 | 6,692,000 | 26,751,000 | 31,349,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments on mortgage notes payable | -9,234,000 | -19,111,000 | -8,964,000 | -8,859,000 | -8,731,000 | -29,170,000 | -8,387,000 | -59,509,000 | -8,527,000 | -5,433,000 | -5,352,000 | -47,152,000 | -35,390,000 | -38,187,000 | -5,132,000 | -68,700,000 | -5,576,000 | 39,096,000 | -113,309,000 | -4,457,000 | -4,015,000 | -11,779,000 | -3,863,000 | -34,216,000 | -3,833,000 | -26,565,000 | -3,893,000 | -4,206,000 | -2,603,000 | 8,605,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from revolving credit facility | 24,000,000 | 20,000,000 | 44,500,000 | 30,000,000 | 25,000,000 | 38,000,000 | 34,000,000 | 24,000,000 | 27,000,000 | 47,000,000 | 35,000,000 | 37,000,000 | 41,000,000 | 36,000,000 | 37,000,000 | 42,000,000 | 40,000,000 | 10,000,000 | 16,000,000 | 12,000,000 | 8,000,000 | 0 | 0 | 50,000,000 | 40,000,000 | 105,500,000 | 11,000,000 | 17,000,000 | 19,000,000 | 0 | 52,000,000 | 16,000,000 | 34,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 39,000,000 | 46,500,000 | 21,000,000 | 5,000,000 | 6,000,000 | 5,000,000 | 11,000,000 | 0 | 4,000,000 | 49,000,000 | 30,000,000 | 5,000,000 | 6,000,000 | 0 | 123,000,000 | 113,000,000 | 0 | 0 | 0 | 15,000,000 | 15,000,000 | 0 | 0 | 0 | 19,000,000 | 8,000,000 | 4,000,000 | 7,000,000 | ||||||||||||||||||||||||
repayments on revolving credit facility | -31,000,000 | -61,000,000 | -55,500,000 | -25,000,000 | -16,000,000 | -39,000,000 | -82,000,000 | -62,000,000 | -29,000,000 | -22,000,000 | -3,000,000 | -12,000,000 | -11,000,000 | 0 | -89,000,000 | 0 | -8,000,000 | -2,000,000 | -27,000,000 | -7,000,000 | -8,500,000 | -20,000,000 | -50,000,000 | 0 | -3,000,000 | -18,000,000 | -59,000,000 | -9,000,000 | -26,000,000 | -30,000,000 | 0 | -6,000,000 | -80,000,000 | -36,000,000 | -3,000,000 | -8,000,000 | -4,000,000 | -20,500,000 | -10,000,000 | -16,000,000 | -11,000,000 | -7,000,000 | -3,000,000 | -4,000,000 | -21,000,000 | -36,000,000 | 0 | -5,000,000 | -6,000,000 | 0 | -161,000,000 | -126,000,000 | 0 | 0 | -4,000,000 | -4,000,000 | 0 | 0 | -15,000,000 | 0 | 0 | 0 | -27,000,000 | 0 | -12,000,000 | -32,000,000 | -3,000,000 | 0 | -2,000,000 | |||||||||||||||||||
proceeds from construction loans payable | 2,856,000 | 12,960,000 | 8,397,000 | 23,260,000 | 11,177,000 | 19,980,000 | 36,715,000 | 32,769,000 | 31,533,000 | 0 | 13,410,000 | 21,961,000 | 4,660,000 | 11,861,000 | 11,023,000 | 12,443,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions to deferred debt costs | -231,000 | -960,000 | -5,951,000 | 8,000 | -133,000 | -779,000 | -727,000 | 19,000 | -2,000 | -43,000 | -378,000 | -69,000 | -6,412,000 | -194,000 | -3,194,000 | -2,919,000 | -3,472,000 | -10,000 | -1,095,000 | -68,000 | -33,000 | -578,000 | -12,000 | -23,000 | -397,000 | -740,000 | 719,000 | -634,000 | -2,578,000 | -514,000 | -1,784,000 | 0 | -285,000 | 24,000 | 15,000 | 24,000 | -152,000 | -183,000 | 22,000 | 17,000 | -1,754,000 | -1,254,000 | -899,000 | -2,000 | -119,000 | -2,043,000 | -35,000 | -522,000 | -441,000 | -91,000 | -391,000 | -725,000 | -55,000 | -153,000 | -121,000 | -537,000 | -1,946,000 | 0 | -12,000 | -338,000 | -423,000 | -1,387,000 | -205,000 | -459,000 | -34,000 | -8,000 | -24,000 | -201,000 | -309,000 | -204,000 | ||||||||||||||||||
proceeds from the issuance of: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 1,331,000 | 1,385,000 | 641,000 | 531,000 | 598,000 | 621,000 | 623,000 | 559,000 | 603,000 | 596,000 | 555,000 | 544,000 | 543,000 | 544,000 | 648,000 | 3,724,000 | 3,257,000 | 5,708,000 | 2,897,000 | 2,980,000 | 2,840,000 | 2,824,000 | 424,000 | 406,000 | 4,610,000 | 5,943,000 | 5,721,000 | 7,204,000 | 6,171,000 | 11,167,000 | 11,288,000 | 4,051,000 | 3,997,000 | 7,448,000 | 5,990,000 | 5,646,000 | 3,667,000 | 3,666,000 | 5,076,000 | 9,549,000 | 3,273,000 | 4,481,000 | 2,918,000 | 2,869,000 | 5,315,000 | 3,542,000 | 3,895,000 | 5,441,000 | 2,718,000 | 2,492,000 | 12,683,000 | 6,302,000 | 9,951,000 | 6,336,000 | 5,837,000 | 5,660,000 | 5,792,000 | 11,016,000 | 4,741,000 | 5,552,000 | 6,895,000 | 4,609,000 | 3,436,000 | 279,000 | 227,000 | 243,000 | 288,000 | 1,359,000 | 1,574,000 | 1,322,000 | 1,126,000 | 6,233,000 | 5,985,000 | 5,614,000 | 6,634,000 | 6,453,000 | 1,420,000 | 2,546,000 | ||||||||||
partnership units | 5,753,000 | 5,718,000 | 5,686,000 | 5,656,000 | 1,629,000 | 1,605,000 | 1,587,000 | 1,534,000 | 11,741,000 | 0 | 0 | 669,000 | 653,000 | 623,000 | 615,000 | 585,000 | 575,000 | 563,000 | 380,000 | 0 | 734,000 | 726,000 | 720,000 | 1,029,000 | 705,000 | 684,000 | 653,000 | 2,029,000 | 2,017,000 | 937,000 | 932,000 | 2,435,000 | 2,431,000 | 1,766,000 | 1,766,000 | 1,765,000 | 1,613,000 | 1,613,000 | 1,612,000 | 1,268,000 | 1,180,000 | 0 | 0 | 4,693,000 | 4,184,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||
distributions to: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series d preferred stockholders | -1,149,000 | -1,148,000 | -1,149,000 | -1,148,000 | -1,149,000 | -1,148,000 | -1,149,000 | -1,148,000 | -1,149,000 | -1,148,000 | -1,149,000 | -1,149,000 | -1,148,000 | -1,149,000 | -1,148,000 | -1,148,000 | -1,149,000 | -1,148,000 | -1,149,000 | -1,148,000 | -1,148,000 | -1,150,000 | -1,148,000 | -1,148,000 | -1,148,000 | -1,148,000 | -1,148,000 | -1,148,000 | -1,148,000 | -1,148,000 | -1,148,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series e preferred stockholders | -1,650,000 | -1,650,000 | -1,650,000 | -1,650,000 | -1,650,000 | -1,650,000 | -1,650,000 | -1,650,000 | -1,650,000 | -1,650,000 | -1,650,000 | -1,650,000 | -1,650,000 | -1,650,000 | -1,650,000 | -1,650,000 | -1,650,000 | -1,650,000 | -1,650,000 | -1,650,000 | -1,650,000 | -1,650,000 | -1,650,000 | -1,650,000 | -1,650,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stockholders | -14,328,000 | -14,299,000 | -14,298,000 | -14,296,000 | -14,254,000 | -14,252,000 | -14,214,000 | -14,220,000 | -14,208,000 | -14,195,000 | -14,191,000 | -14,165,000 | -14,171,000 | -14,159,000 | -14,156,000 | -13,625,000 | -13,583,000 | -13,037,000 | -13,000,000 | -12,488,000 | -12,438,000 | -12,371,000 | -12,373,000 | -12,364,000 | -12,275,000 | -12,242,000 | -12,181,000 | -12,140,000 | -12,005,000 | -11,693,000 | -11,555,000 | -11,540,000 | -11,518,000 | -11,226,000 | -11,159,000 | -11,118,000 | -11,073,000 | -10,166,000 | -10,134,000 | -10,027,000 | -9,145,000 | -9,107,000 | -9,082,000 | -9,077,000 | -8,379,000 | -8,349,000 | -8,314,000 | -8,275,000 | -7,408,000 | -7,390,000 | -14,489,000 | -7,217,000 | -7,121,000 | -7,065,000 | -7,004,000 | -6,945,000 | -6,867,000 | -6,772,000 | -6,730,000 | -6,693,000 | -6,608,000 | -6,567,000 | -6,526,000 | -6,485,000 | -6,447,000 | -6,974,000 | -6,970,000 | -6,967,000 | -8,375,000 | -8,376,000 | -8,356,000 | -8,343,000 | -8,333,000 | -7,732,000 | -7,678,000 | -7,283,000 | -7,222,000 | -7,142,000 | -7,126,000 | -7,089,000 | ||||||||
noncontrolling interests | -6,540,000 | -6,424,000 | -6,317,000 | -6,211,000 | -6,184,000 | -6,160,000 | -6,136,000 | -6,110,000 | -5,930,000 | -5,486,000 | -5,486,000 | -5,486,000 | -5,486,000 | -5,486,000 | -5,486,000 | -5,292,000 | -5,284,000 | -4,694,000 | -4,702,000 | -4,218,000 | -4,207,000 | -4,195,000 | -4,188,000 | -4,188,000 | -4,180,000 | -4,173,000 | -4,166,000 | -4,155,000 | -4,148,000 | -4,062,000 | -4,055,000 | -3,942,000 | -3,922,000 | -3,839,000 | -3,830,000 | -3,810,000 | -3,789,000 | -3,478,000 | -3,465,000 | -3,449,000 | -3,141,000 | -3,130,000 | -3,115,000 | -3,104,000 | -2,879,000 | |||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -21,692,000 | -3,529,000 | 5,395,000 | 2,291,000 | -9,697,000 | 18,047,000 | 28,662,000 | 12,278,000 | 10,413,000 | 25,548,000 | 26,666,000 | 23,277,000 | 5,591,000 | 6,225,000 | 6,194,000 | 7,426,000 | -25,423,000 | -9,601,000 | -14,034,000 | -22,974,000 | -28,162,000 | -41,257,000 | -17,737,000 | 36,162,000 | 13,568,000 | -41,041,000 | 61,197,000 | 10,791,000 | -11,340,000 | 1,692,000 | 41,470,000 | -10,188,000 | -10,993,000 | -13,664,000 | -14,777,000 | -16,263,000 | 57,146,000 | 21,336,000 | 299,000 | -13,992,000 | -12,140,000 | -3,383,000 | 5,275,000 | -10,749,000 | -12,577,000 | -977,000 | 15,831,000 | -11,019,000 | -11,983,000 | -13,555,000 | -21,855,000 | -14,267,000 | -3,632,000 | -12,254,000 | 1,316,000 | -17,170,000 | -10,018,000 | 148,813,000 | -16,494,000 | 22,885,000 | 21,008,000 | -6,951,000 | 15,069,000 | -1,413,000 | 9,595,000 | -17,867,000 | 22,996,000 | 4,321,000 | -14,598,000 | 71,450,000 | 17,762,000 | |||||||||||||||||
net increase in cash and cash equivalents | 585,000 | -3,047,000 | 2,677,000 | -2,940,000 | 303,000 | -12,302,000 | -27,449,000 | -12,152,000 | 34,522,000 | 18,030,000 | -38,364,000 | 4,807,000 | 3,346,000 | -2,554,000 | -1,929,000 | 1,523,000 | -3,010,000 | 2,724,000 | 1,349,000 | -4,371,000 | 5,349,000 | 5,601,000 | 812,000 | -3,753,000 | 26,257,000 | -1,329,000 | -12,003,000 | 20,138,000 | 233,000 | -16,094,000 | 9,397,000 | -1,175,000 | 6,309,000 | -23,916,000 | 17,952,000 | 7,255,000 | -12,131,000 | -11,827,000 | 7,957,000 | 23,242,000 | 3,108,000 | 366,000 | 11,776,000 | 11,719,000 | 3,966,000 | -39,144,000 | ||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of period | 8,741,000 | 0 | 0 | 10,299,000 | 0 | 0 | 8,407,000 | 0 | 0 | 13,279,000 | 0 | 0 | 14,594,000 | 0 | 0 | 26,856,000 | 0 | 0 | 13,905,000 | 0 | 0 | 14,578,000 | 0 | 0 | 10,908,000 | 0 | 0 | 8,322,000 | 0 | 0 | 10,003,000 | 0 | 0 | 12,128,000 | 0 | 0 | 17,297,000 | 12,133,000 | 12,133,000 | 0 | 0 | 12,323,000 | 0 | 0 | 12,968,000 | 0 | 0 | 0 | 20,607,000 | 0 | 0 | 0 | 13,006,000 | 0 | 0 | 5,765,000 | 0 | 0 | 8,061,000 | 0 | 0 | 8,007,000 | 0 | 0 | 33,561,000 | 0 | 0 | 45,244,000 | ||||||||||||||||||||
cash and cash equivalents, end of period | 9,326,000 | 6,485,000 | -1,189,000 | 6,492,000 | 334,000 | -216,000 | 7,079,000 | -4,887,000 | -339,000 | 11,812,000 | -876,000 | -1,146,000 | 12,313,000 | -2,940,000 | 303,000 | 14,554,000 | -12,152,000 | 34,522,000 | 31,935,000 | 43,007,000 | -2,194,000 | 11,456,000 | 3,346,000 | -2,554,000 | 8,979,000 | -3,010,000 | 2,724,000 | 9,671,000 | -1,145,000 | -4,371,000 | 15,352,000 | -2,792,000 | -406,000 | 12,120,000 | -8,807,000 | 6,478,000 | 15,351,000 | 12,945,000 | 8,482,000 | -3,753,000 | 26,257,000 | 10,994,000 | -9,656,000 | -12,003,000 | 33,106,000 | 233,000 | -16,094,000 | 9,397,000 | 19,432,000 | 6,309,000 | -23,916,000 | 17,952,000 | 20,261,000 | -11,827,000 | 7,957,000 | 29,007,000 | -4,492,000 | 3,108,000 | 8,427,000 | 4,469,000 | -4,709,000 | 7,754,000 | -1,241,000 | 16,917,000 | 11,668,000 | 11,719,000 | 3,966,000 | 6,100,000 | ||||||||||||||||||||
supplemental disclosure of cash flow information: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest | 18,387,000 | 19,322,000 | 16,142,000 | 16,225,000 | 16,231,000 | 16,075,000 | 11,600,000 | 12,012,000 | 11,960,000 | 11,659,000 | 11,748,000 | 11,674,000 | 11,002,000 | 10,430,000 | 10,606,000 | 9,952,000 | 9,737,000 | 10,837,000 | 10,524,000 | 11,525,000 | 11,689,000 | 12,039,000 | 11,936,000 | 11,696,000 | 9,319,000 | 9,168,000 | 10,080,000 | 10,539,000 | 10,647,000 | 10,864,000 | 10,552,000 | 10,917,000 | 11,228,000 | 8,824,000 | 13,972,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued capital expenditures included in accounts payable, accrued expenses, and other liabilities | 11,430,000 | -6,706,000 | 1,221,000 | -6,865,000 | 23,328,000 | -11,887,000 | -10,610,000 | 8,921,000 | 34,573,000 | -2,329,000 | 7,131,000 | -2,959,000 | 29,323,000 | 5,051,000 | -2,265,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on dispositions of properties | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash compensation costs of stock and option grants | 428,000 | 393,000 | 606,000 | 505,000 | 219,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in accounts receivable and accrued income | -2,089,000 | -26,000 | 313,000 | 1,876,000 | 596,000 | 3,805,000 | 2,427,000 | -3,071,000 | 791,000 | 2,277,000 | 3,186,000 | -1,963,000 | 3,162,000 | 1,061,000 | -10,102,000 | 2,187,000 | 44,000 | 2,950,000 | -4,790,000 | 616,000 | 1,273,000 | 2,051,000 | -151,000 | -67,000 | 193,000 | -844,000 | 92,000 | 979,000 | -1,895,000 | -2,059,000 | -242,000 | -1,058,000 | 3,296,000 | -1,293,000 | -2,787,000 | -17,000 | 2,749,000 | -2,970,000 | 472,000 | 132,000 | -2,559,000 | 1,055,000 | 1,520,000 | |||||||||||||||||||||||||||||||||||||||||||||
increase in accounts payable, accrued expenses and other liabilities | -1,162,000 | -2,496,000 | 409,000 | 2,558,000 | -1,468,000 | -523,000 | 1,380,000 | 2,495,000 | -3,561,000 | -569,000 | -1,771,000 | 6,425,000 | -2,763,000 | -1,311,000 | -613,000 | 4,356,000 | -2,996,000 | -10,000 | 1,122,000 | 2,759,000 | -5,538,000 | -970,000 | 1,508,000 | 5,158,000 | -2,456,000 | 170,000 | 648,000 | 1,863,000 | -1,866,000 | -579,000 | 1,201,000 | 2,369,000 | -2,373,000 | 1,244,000 | -1,436,000 | 3,486,000 | -2,753,000 | -323,000 | 75,000 | 2,064,000 | -3,023,000 | -137,000 | 2,000 | 4,307,000 | -1,616,000 | -1,024,000 | 218,000 | -2,905,000 | -799,000 | 676,000 | 2,098,000 | -2,468,000 | 568,000 | 2,336,000 | 1,042,000 | -1,080,000 | 190,000 | -279,000 | 2,238,000 | -2,228,000 | 404,000 | -129,000 | 3,230,000 | -3,259,000 | 58,000 | -1,454,000 | 3,957,000 | -1,983,000 | 338,000 | -1,248,000 | 3,491,000 | -1,715,000 | 108,000 | 1,451,000 | 1,164,000 | 424,000 | 370,000 | -974,000 | 1,605,000 | -7,106,000 | 4,046,000 | 1,262,000 | 3,428,000 | |||||
increase in deferred income | -573,000 | -5,856,000 | -229,000 | -2,718,000 | 3,136,000 | -1,116,000 | -1,321,000 | -1,028,000 | 1,435,000 | -31,000 | 1,519,000 | -1,479,000 | 736,000 | -519,000 | -1,019,000 | 10,000 | 212,000 | -3,000 | -617,000 | 485,000 | 662,000 | -365,000 | 797,000 | -433,000 | 675,000 | 1,156,000 | -516,000 | -5,000 | 1,328,000 | 101,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of real estate investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from dispositions of properties | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from term loan facility | 0 | 0 | 0 | 0 | 0 | 75,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposition of property | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in other assets | -1,690,000 | -304,000 | -1,090,000 | -2,500,000 | 629,000 | -5,165,000 | 2,845,000 | -627,000 | -3,035,000 | -692,000 | -1,357,000 | -39,000 | -730,000 | 7,356,000 | -6,337,000 | -1,374,000 | -2,121,000 | -2,256,000 | 2,476,000 | -3,324,000 | -4,652,000 | -4,879,000 | -1,296,000 | -2,146,000 | -2,661,000 | -4,118,000 | 177,000 | -1,423,000 | 2,690,000 | -697,000 | -2,710,000 | -515,000 | 1,905,000 | -77,000 | -2,532,000 | 1,371,000 | -146,000 | -1,946,000 | 1,927,000 | -1,916,000 | -2,113,000 | |||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of real estate investments | 0 | 0 | 0 | -612,000 | -8,399,000 | 0 | -24,000 | -4,490,000 | -36,184,000 | 0 | 0 | -25,000 | -79,474,000 | -37,909,000 | 0 | -4,001,000 | 0 | -893,000 | -8,949,000 | -40,000,000 | 0 | -168,500,000 | 0 | -1,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from disposition of property | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -1,189,000 | -3,807,000 | 334,000 | -216,000 | -1,328,000 | 1,821,000 | -4,887,000 | -339,000 | -1,467,000 | -876,000 | -1,146,000 | -2,281,000 | -2,194,000 | -3,122,000 | -8,000 | -1,946,000 | -3,651,000 | 4,469,000 | -4,709,000 | -253,000 | -19,337,000 | -1,241,000 | 16,917,000 | -21,893,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss of extinguishment of debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
credit losses (recoveries) on operating lease receivables | 173,000 | 342,000 | 374,000 | 187,000 | 69,000 | -96,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments for debt extinguishment costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on early extinguishment of debt | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non cash compensation costs of stock grants and options | 449,000 | 323,000 | 336,000 | 692,000 | 321,000 | 321,000 | 332,000 | 657,000 | 293,000 | 298,000 | 304,000 | 576,000 | 256,000 | 263,000 | 319,000 | 453,000 | 205,000 | 210,000 | 695,000 | 139,000 | 150,000 | 123,000 | 544,000 | 135,000 | 142,000 | 150,000 | 517,000 | 139,000 | 138,000 | 146,000 | 528,000 | 139,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments of debt extinguishment costs | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
compensation costs of stock and option grants | 291,000 | 553,000 | 290,000 | 312,000 | 622,000 | 286,000 | 294,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from notes payable | 0 | 0 | 15,300,000 | 0 | 0 | 22,100,000 | 0 | 0 | 40,000,000 | 0 | 16,000,000 | 30,000,000 | 6,364,000 | 23,250,000 | 12,000,000 | 0 | 7,000,000 | 0 | 10,500,000 | 0 | 0 | 13,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments on notes payable | -8,296,000 | -8,195,000 | -17,419,000 | -112,759,000 | -17,058,000 | -36,473,000 | -7,573,000 | -12,544,000 | -13,553,000 | -7,138,000 | -6,941,000 | -23,352,000 | -7,277,000 | -19,685,000 | -29,030,000 | -7,576,000 | -7,479,000 | -21,522,000 | -6,912,000 | -6,822,000 | -6,569,000 | -6,205,000 | -6,107,000 | -6,047,000 | -5,871,000 | -20,222,000 | -20,914,000 | -5,539,000 | -4,422,000 | -3,948,000 | -3,741,000 | -3,547,000 | -3,551,000 | -3,454,000 | -3,345,000 | -3,277,000 | -3,246,000 | -3,064,000 | -2,951,000 | -12,009,000 | -2,770,000 | -9,204,000 | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from construction loan | 24,885,000 | 0 | 511,000 | 1,919,000 | 6,951,000 | 12,115,000 | 13,862,000 | 23,076,000 | 33,514,000 | 15,217,000 | 79,000 | 500,000 | 858,000 | 5,354,000 | 8,395,000 | 9,377,000 | 13,882,000 | 8,763,000 | 3,377,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of property | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of property | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization of lease costs | 12,195,000 | 12,377,000 | 12,327,000 | 12,467,000 | 12,637,000 | 12,748,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in finance lease liability | 37,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in accrued real estate investments and development costs | 6,189,000 | 1,122,000 | -1,178,000 | -494,000 | -2,427,000 | -5,933,000 | -2,836,000 | -1,204,000 | -1,522,000 | -7,019,000 | 10,048,000 | 2,783,000 | 2,893,000 | 2,549,000 | 1,438,000 | 1,105,000 | 17,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in fair value of derivatives | 1,000 | -10,000 | -72,000 | 1,000 | -3,000 | -1,000 | 3,000 | 7,000 | -2,000 | 6,000 | 0 | 6,000 | 4,000 | -1,000 | 5,000 | 2,000 | 114,000 | -61,000 | -10,000 | -38,000 | -17,000 | 16,000 | 3,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series e preferred stock | -4,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c preferred stock redemption | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c preferred stockholders | -2,126,000 | -1,805,000 | -1,805,000 | -1,805,000 | -1,805,000 | -1,805,000 | -1,805,000 | -3,823,000 | -3,094,000 | -3,093,000 | -3,094,000 | -3,094,000 | -3,094,000 | -3,093,000 | -3,094,000 | -3,094,000 | -3,094,000 | -3,093,000 | -3,094,000 | -3,094,000 | -2,406,000 | -2,407,000 | -2,406,000 | -2,406,000 | -2,406,000 | -1,283,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
compensation costs of stock grants and options | 323,000 | 290,000 | 424,000 | 427,000 | 359,000 | 723,000 | 419,000 | 337,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in accrued real estate investments and development costs | -1,276,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sales of properties | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in prepaid expenses | 2,032,000 | 1,752,000 | 2,258,000 | 1,111,000 | 2,416,000 | 1,163,000 | -7,280,000 | 1,918,000 | 1,415,000 | 1,509,000 | 1,262,000 | 1,843,000 | 587,000 | 1,742,000 | 657,000 | 3,392,000 | 2,226,000 | -170,000 | 2,445,000 | -4,930,000 | 1,820,000 | 611,000 | 1,408,000 | 330,000 | 1,069,000 | 405,000 | 1,076,000 | 88,000 | 1,014,000 | 144,000 | 820,000 | 247,000 | 1,164,000 | -2,606,000 | 764,000 | 559,000 | -373,000 | -902,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
series d preferred stock | 0 | 0 | 0 | 72,369,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock redemption costs | 1,000 | 0 | 0 | -13,000 | 0 | -9,000 | -9,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in prepaid expenses | 3,840,000 | 3,523,000 | 3,452,000 | 2,765,000 | 564,000 | 1,764,000 | -2,810,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provision for credit losses | 155,000 | 101,000 | 143,000 | 286,000 | 304,000 | 52,000 | 207,000 | 343,000 | 287,000 | 391,000 | 432,000 | -366,000 | 621,000 | 414,000 | 246,000 | 200,000 | 170,000 | 107,000 | 203,000 | 228,000 | 549,000 | 264,000 | 390,000 | 168,000 | 241,000 | 352,000 | 255,000 | 595,000 | 518,000 | 515,000 | 638,000 | 345,000 | 157,000 | 197,000 | 171,000 | 189,000 | 232,000 | 327,000 | 453,000 | 236,000 | 241,000 | 183,000 | 96,000 | 65,000 | 103,000 | 112,000 | 98,000 | 115,000 | 107,000 | 80,000 | 54,000 | 50,000 | 79,000 | 54,000 | 189,000 | 131,000 | 99,000 | 69,000 | ||||||||||||||||||||||||||||||
repayment of note receivable | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c preferred stock redemption payment | 0 | 0 | -75,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of properties | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c preferred stock | 0 | 135,221,000 | 135,229,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a preferred stock redemption payment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a preferred stockholders | -1,449,000 | -800,000 | -800,000 | -800,000 | -800,000 | -3,613,000 | -2,813,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
the 2014 acquisition of real estate and proceeds from notes payable each exclude 11,000 in connection with the sale and leaseback of the company's olney property. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from credit losses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on casualty settlement | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from casualty settlement | 250,000 | 0 | 1,566,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock redemption payments: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a preferred | 0 | -60,000,000 | -60,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b preferred | 0 | -79,328,000 | -79,328,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b preferred stockholders | 0 | -3,253,000 | -3,253,000 | -1,785,000 | -1,785,000 | -1,785,000 | -1,785,000 | -1,785,000 | -1,785,000 | -1,785,000 | -1,785,000 | -1,785,000 | -1,785,000 | -1,785,000 | -1,785,000 | -1,785,000 | -1,785,000 | -1,785,000 | -1,785,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental discussion of non-cash investing and financing activities: the 2014 acquisition of real estate and proceeds from notes payable each exclude 11,000 in connection with the sale and leaseback of the company's olney property. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest | -2,880,000 | -2,879,000 | -2,838,000 | -2,489,000 | -4,978,000 | -2,489,000 | -2,488,000 | -2,489,000 | -2,489,000 | -2,489,000 | -2,489,000 | -1,950,000 | -1,950,000 | -1,950,000 | -1,951,000 | -1,950,000 | -1,949,000 | -1,950,000 | -1,950,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
the notes to financial statements are an integral part of these statements. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of real estate investment | -8,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of property, discontinued operations | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on casualty settlement, continuing operations | -47,000 | -775,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments on construction loans payable | -4,222,000 | -104,243,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in deferred leasing costs | -1,814,000 | -1,166,000 | -2,510,000 | -1,330,000 | -868,000 | -1,549,000 | -2,951,000 | -729,000 | -615,000 | -607,000 | -406,000 | -772,000 | -991,000 | -892,000 | -1,757,000 | -500,000 | -457,000 | -668,000 | -663,000 | -726,000 | -591,000 | -712,000 | -303,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in fair value of derivatives | -42,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions to development and redevelopment activities | -15,137,000 | -15,369,000 | -21,128,000 | -17,233,000 | -21,115,000 | -18,990,000 | -17,532,000 | -15,827,000 | -10,967,000 | -16,688,000 | -10,402,000 | -4,456,000 | -3,757,000 | -3,699,000 | -8,377,000 | -5,157,000 | -9,315,000 | -12,618,000 | -11,729,000 | -4,574,000 | -4,447,000 | -5,180,000 | -3,171,000 | -4,087,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b preferred stock, net of issuance costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of common stock | 3,738,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on property dispositions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non cash compensation costs from stock grants and options | 134,000 | 148,000 | 454,000 | 165,000 | 171,000 | 192,000 | 563,000 | 199,000 | 188,000 | 203,000 | 589,000 | 131,000 | 222,000 | 239,000 | 474,000 | 231,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from property dispositions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
convertible limited partnership units in the operating partnership | -2,112,000 | -2,112,000 | -2,545,000 | -2,546,000 | -2,546,000 | -2,546,000 | 0 | 0 | 2,012,000 | 1,989,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interests | 2,135,000 | 1,743,000 | 1,946,000 | 2,148,000 | 2,200,000 | 2,332,000 | 2,151,000 | 2,135,000 | 1,851,000 | 1,802,000 | 1,850,000 | 1,838,000 | 2,081,000 | 2,029,000 | 2,028,000 | 2,010,000 | 2,043,000 | 2,024,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of real estate investments, net* | 0 | 0 | 37,000 | -63,443,000 | 300,000 | 0 | -11,137,000 | -6,481,000 | -27,342,000 | -1,528,000 | 262,000 | -19,137,000 | -10,621,000 | 0 | -26,847,000 | -41,637,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from property disposition | 630,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on property disposition | 0 | 0 | -205,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, net of issuance costs | 0 | 4,179,000 | 72,138,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stockholders | -3,883,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided (used) by financing activities | -4,323,000 | 3,667,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash (used) provided by financing activities | 2,172,000 | -2,082,000 | -12,529,000 | 160,000 | 1,318,000 | -8,374,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash used by investing activities | -6,538,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of asset | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority share of income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization of leasing costs | 6,463,000 | 6,400,000 | 6,376,000 | 5,888,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in leasing costs | -674,000 | -549,000 | -1,252,000 | -622,000 | -460,000 | -606,000 | 3,986,000 | -753,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of : | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to : | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
convertible limited partnership unitholders in the operating partnership | -2,231,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of preferred stock, net of issuance costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of common stock and convertible limited partnership units in the operating partnership | 5,158,000 | 5,461,000 | 5,509,000 | 3,428,000 | 4,257,000 | 3,652,000 | 3,995,000 | 3,518,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to preferred stockholders | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -2,000,000 | -1,244,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to common stockholders and holders of convertible limited partnership units in the operating partnership | -9,072,000 | -8,874,000 | -8,516,000 | -8,425,000 | -8,372,000 | -8,305,000 | -8,279,000 | -8,210,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization of prepaid leasing costs | 5,532,000 | 5,615,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred debt | 331,000 | 314,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions to deferred debt expense | -415,000 | -1,396,000 | -271,000 | -716,000 | -238,000 | -491,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash used by financing activities | -11,163,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 5,141,000 | 5,755,000 | 5,573,000 | 4,855,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of cash flow information: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in accounts receivable | -997,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions to construction in progress | -15,276,000 | -2,052,000 | -5,089,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in accounts receivable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds (repayments) from revolving credit facility | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from (used by) financing activities | 25,753,000 | -2,431,000 |