EX-99.1 7 j0235_ex99-1.htm Prepared by MerrillDirect

 

Exhibit 99.1

SELECTED QUARTERLY FINANCIAL INFORMATION
                        (Unaudited)

Selected quarterly information for the years ended December 31, 2000 and 1999 is as follows (in thousands, except per unit amounts):

  Quarter Ended

2000

December 31

September 30

June 30

March 31

         
Revenues from Rental Operations $172,924 $185,760 $178,408 $174,734
Revenues from Service Operations 21,790 21,903 25,041 14,065
Net income available for common units 84,385 51,949 52,402 56,293
Basic income per common unit $0.58 $0.36 $0.36 $0.39
Diluted income per common unit $0.57 $0.35 $0.36 $0.39
Weighted average common units 146,633 146,138 145,719 145,125
Weighted average common and dilutive potential common units 154,793 147,916 147,181 146,326
Funds From Operations (1) $94,049 $93,968 $90,693 $86,419
Cash flow provided by (used by):        
   Operating activities $147,994 $126,831 $97,171 $77,394
   Investing activities 146,067 14,649 (98,142) (160,326)
   Financing activities (295,980) (141,764) 4,518 102,274
         
1999

       
         
Revenues from Rental Operations $166,155 $160,273 $107,148 $101,987
Revenues from Service Operations 17,469 15,402 8,893 12,267
Net income available for common units 47,811 48,005 32,702 30,929
Basic income per common unit $0.33 $0.35 $0.33 $0.32
Diluted income per common unit $0.32 $0.35 $0.33 $0.32
Weighted average common units 119,467 137,721 97,894 97,198
Weighted average common and dilutive potential common units 120,511 138,923 98,855 98,094
Funds From Operations (1) $83,258 $79,607 $53,794 $50,584
Cash flow provided by (used by):        
   Operating activities $57,527 $176,189 $50,502 $32,068
   Investing activities (169,383) (248,488) (155,907) (167,069)
   Financing activities 85,558 (50,985) 238,520 163,356

 

(1)      Funds From Operations is defined by the National Association of Real Estate Investment Trusts as net income or loss excluding gains or losses from debt restructuring and sales of depreciated property plus operating property depreciation and amortization,  after adjustments for minority interest and unconsolidated companies on the same basis. Funds From Operations does not represent cash flow from operations as defined by generally accepted accounting principles, should not be considered as an alternative to net income as an indicator of the Partnership’s operating performance, and is not indicative of cash available to fund all cash flow needs.