EX-99.1 3 dex991.htm EXHIBIT 99.1 EXHIBIT 99.1

Exhibit 99.1

Selected Financial Data

The following table presents certain selected historical financial data which has been derived from audited consolidated financial statements for the five years ended December 31, 2007. The following information should be read in conjunction with the financial statements and related notes and “Management’s Discussion and Analysis of Results of Operations and Financial Condition”:

 

     Fiscal year  
     2007    2006    2005    2004     2003  
     (in millions, except per unit amounts)  

Income Statement Data:

             

Revenues

   $ 5,412    $ 4,802    $ 3,690    $ 3,391     $ 3,065  

Income (loss) from continuing operations

     573      322      119      (91 )     (259 )

Income from discontinued operations (1)

     180      447      54      91       273  

Net income (loss)

     753      769      173      —         14  

Net income (loss) available to common unitholders

     744      749      142      (42 )     (21 )

Basic earnings (loss) per common unit:

             

Income (loss) from continuing operations

     1.05      .61      .24      (.37 )     (.96 )

Income from discontinued operations

     .33      .89      .14      .25       .89  

Net income (loss)

     1.38      1.50      .38      (.12 )     (.07 )

Diluted earnings (loss) per common unit:

             

Income (loss) from continuing operations

     1.02      .60      .24      (.36 )     (.96 )

Income from discontinued operations

     .31      .89      .14      .25       .89  

Net income (loss)

     1.33      1.49      .38      (.11 )     (.07 )

Cash distributions declared per common OP unit

     1.00      .76      .41      .05       —    

Balance Sheet Data:

             

Total assets

   $ 11,810    $ 11,805    $ 8,225    $ 8,401     $ 8,588  

Debt

     5,625      5,878      5,370      5,523       5,486  

 

(1) Discontinued operations reflects the operations of properties classified as held for sale, the results of operations of properties sold and the gain or loss on those dispositions.