* Please read in conjunction with the Company’s SEC filings as well as the “Explanation of NON-GAAP financial measures” for the respective periods.


		Q1 2016			Q2 2016			Q3 2016			Q4 2016		FY 2016				Q1 2017			Q2 2017			Q3 2017			Q4 2017		FY 2017				Q1 2018			Q2 2018			Q3 2018		FY 2018
Revenue ($000's)
Total GAAP Revenue	$	128,383		$	142,719		$	147,955		$	149,071		$	568,128		$	152,919		$	161,306		$	169,058		$	187,680		$	670,963		$	201,301		$	216,252		$	224,953		$	642,506
Growth %		16	%		24	%		22	%		22	%		21	%		19	%		13	%		14	%		26	%		18	%		32	%		34	%		33	%		33	%

Acquisition-related and other deferred revenue		(343	)		(258	)		(161	)		(187	)		(949	)		705			945			698			710			3,058			313			103			418			834
Total Non-GAAP Revenue	$	128,040		$	142,461		$	147,794		$	148,884		$	567,179		$	153,624		$	162,251		$	169,756		$	188,390		$	674,021		$	201,614		$	216,355		$	225,371		$	643,340
Growth %		16	%		25	%		22	%		23	%		22	%		20	%		14	%		15	%		27	%		19	%		31	%		33	%		33	%		32	%

GAAP On Demand Revenue	$	123,411		$	136,610		$	140,883		$	141,627		$	542,531		$	146,213		$	154,727		$	161,578		$	180,104		$	642,622		$	193,300		$	206,945		$	215,413		$	615,658
Growth %		16	%		23	%		21	%		21	%		20	%		18	%		13	%		15	%		27	%		18	%		32	%		34	%		33	%		33	%

Acquisition-related and other deferred revenue		(343	)		(258	)		(161	)		(187	)		(949	)		705			945			698			710			3,058			313			103			418			834
Non-GAAP On Demand Revenue	$	123,068		$	136,352		$	140,722		$	141,440		$	541,582		$	146,918		$	155,672		$	162,276		$	180,814		$	645,680		$	193,613		$	207,048		$	215,831		$	616,492
Growth %		16	%		24	%		21	%		21	%		21	%		19	%		14	%		15	%		28	%		19	%		32	%		33	%		33	%		33	%

On Premise Revenue	$	772		$	687		$	682		$	695		$	2,836		$	675		$	659		$	648		$	662		$	2,644		$	650		$	606		$	593		$	1,849
Professional & Other Revenue	$	4,200		$	5,422		$	6,390		$	6,749		$	22,761		$	6,031		$	5,920		$	6,832		$	6,914		$	25,697		$	7,351		$	8,701		$	8,947		$	24,999
Professional and Other	$	4,972		$	6,109		$	7,072		$	7,444		$	25,597		$	6,706		$	6,579		$	7,480		$	7,576		$	28,341		$	8,001		$	9,307		$	9,540		$	26,848

Expenses ($000's)
Cost of Revenue
GAAP View	$	50,583		$	57,937		$	59,815		$	57,205		$	225,540		$	59,353		$	63,853		$	65,794		$	69,135		$	258,135		$	72,837		$	81,942		$	85,540		$	240,319
Stock-based expense		(751	)		(826	)		(929	)		(804	)		(3,310	)		(853	)		(1,050	)		(1,040	)		(899	)		(3,842	)		(835	)		(1,168	)		(1,146	)		(3,149	)
Headquarters relocation costs		(584	)		(679	)		(760	)		-			(2,023	)		-			-			-			-			-			-			-			-			-
Non-GAAP View	$	49,248		$	56,432		$	58,126		$	56,401		$	220,207		$	58,500		$	62,803		$	64,754		$	68,236		$	254,293		$	72,002		$	80,774		$	84,394		$	237,170
Depreciation		(2,692	)		(3,054	)		(2,834	)		(2,825	)		(11,405	)		(2,883	)		(3,063	)		(2,909	)		(2,935	)		(11,790	)		(2,934	)		(3,099	)		(2,991	)		(9,024	)
Adjusted EBITDA View	$	46,556		$	53,378		$	55,292		$	53,576		$	208,802		$	55,617		$	59,740		$	61,845		$	65,301		$	242,503		$	69,068		$	77,675		$	81,403		$	228,146

Product Development
GAAP View	$	17,272		$	18,878		$	18,743		$	18,714		$	73,607		$	20,387		$	21,290		$	21,885		$	25,890		$	89,452		$	29,040		$	30,771		$	28,942		$	88,753
Stock-based expense		(1,449	)		(1,897	)		(1,900	)		(1,825	)		(7,071	)		(1,879	)		(2,454	)		(2,098	)		(1,992	)		(8,423	)		(2,163	)		(2,645	)		(2,520	)		(7,328	)
Headquarters relocation costs		(154	)		(176	)		(211	)		-			(541	)		-			-			-			-			-			-			-			-			-
Non-GAAP View	$	15,669		$	16,805		$	16,632		$	16,889		$	65,995		$	18,508		$	18,836		$	19,787		$	23,898		$	81,029		$	26,877		$	28,126		$	26,422		$	81,425
Depreciation		(1,200	)		(1,462	)		(1,502	)		(1,572	)		(5,736	)		(1,530	)		(1,561	)		(1,698	)		(1,819	)		(6,608	)		(1,338	)		(1,557	)		(1,381	)		(4,276	)
Adjusted EBITDA View	$	14,469		$	15,343		$	15,130		$	15,317		$	60,259		$	16,978		$	17,275		$	18,089		$	22,079		$	74,421		$	25,539		$	26,569		$	25,041		$	77,149

Sales & Marketing
GAAP View	$	29,253		$	31,533		$	30,309		$	30,611		$	121,706		$	31,047		$	34,699		$	36,802		$	37,925		$	140,473		$	37,680		$	40,664		$	43,179		$	121,523
Stock-based expense		(2,974	)		(3,799	)		(1,406	)		(3,185	)		(11,364	)		(3,128	)		(4,266	)		(3,847	)		(3,351	)		(14,592	)		(3,541	)		(4,470	)		(4,242	)		(12,253	)
Headquarters relocation costs		(170	)		(184	)		(220	)		-			(574	)		-			-			-			-			-			-			-			-			-
Non-GAAP View	$	26,109		$	27,550		$	28,683		$	27,426		$	109,768		$	27,919		$	30,433		$	32,955		$	34,574		$	125,881		$	34,139		$	36,194		$	38,937		$	109,270
Depreciation		(606	)		(615	)		(593	)		(586	)		(2,400	)		(588	)		(663	)		(601	)		(635	)		(2,487	)		(1,228	)		(1,366	)		(1,069	)		(3,663	)
Adjusted EBITDA View	$	25,503		$	26,935		$	28,090		$	26,840		$	107,368		$	27,331		$	29,770		$	32,354		$	33,939		$	123,394		$	32,911		$	34,828		$	37,868		$	105,607

General & Administrative
GAAP View	$	18,346		$	21,932		$	21,677		$	23,058		$	85,013		$	24,251		$	27,370		$	31,004		$	30,350		$	112,975		$	27,090		$	28,444		$	30,036		$	85,570
Stock-based expense		(3,217	)		(4,215	)		(4,020	)		(3,655	)		(15,107	)		(4,232	)		(6,106	)		(4,779	)		(3,861	)		(18,978	)		(3,779	)		(5,412	)		(5,571	)		(14,762	)
Asset impairment and loss on disposal of assets		-			(85	)		(164	)		(248	)		(497	)		(24	)		(63	)		(385	)		(52	)		(524	)		(942	)		(156	)		(341	)		(1,439	)
Acquisition-related income (expense)		57			9			266			(695	)		(363	)		(1,210	)		(1,354	)		(485	)		(2,508	)		(5,557	)		(1,007	)		(1,168	)		(519	)		(2,694	)
Cost related to Hart-Scott-Rodino review process		-			-			-			-			-			(481	)		(2,228	)		(5,993	)		(2,310	)		(11,012	)		-			-			(78	)		(78	)
Headquarters relocation costs		(117	)		(135	)		(162	)		-			(414	)		-			-			-			-			-			-			-			-			-
Non-GAAP View	$	15,069		$	17,506		$	17,597		$	18,460		$	68,632		$	18,304		$	17,619		$	19,362		$	21,619		$	76,904		$	21,362		$	21,708		$	23,527		$	66,597
Depreciation		(998	)		(1,347	)		(1,276	)		(1,404	)		(5,025	)		(1,650	)		(1,579	)		(1,738	)		(1,376	)		(6,343	)		(1,376	)		(1,484	)		(1,504	)		(4,364	)
Other (income) expense		(11	)		(16	)		(15	)		(25	)		(67	)		(34	)		(18	)		(136	)		(115	)		(303	)		(51	)		(66	)		(58	)		(175	)
Adjusted EBITDA View	$	14,060		$	16,143		$	16,306		$	17,031		$	63,540		$	16,620		$	16,022		$	17,488		$	20,128		$	70,258		$	19,935		$	20,158		$	21,965		$	62,058

Profitability ($000's)
GAAP Net Income (Loss)	$	2,996		$	2,083		$	4,210		$	7,361		$	16,650		$	8,195		$	6,213		$	6,834		$	(20,865	)	$	377		$	10,901		$	8,479		$	9,073		$	28,453
Acquisition-related and other deferred revenue		(343	)		(258	)		(161	)		(187	)		(949	)		705			945			698			710			3,058			313			103			418			834
Depreciation, asset impairment, and loss on disposal of assets		5,496			6,563			7,119			6,635			25,813			6,675			6,929			7,331			6,817			27,752			7,818			7,662			9,286			24,766
Amortization of product technologies and intangible assets		7,111			7,737			7,847			7,573			30,268			7,789			8,227			9,335			14,567			39,918			16,384			17,623			18,684			52,691
Acquisition-related expense (income)		(57	)		(9	)		(266	)		695			363			1,210			1,354			485			2,508			5,557			1,007			1,168			519			2,694
Cost related to Hart-Scott-Rodino review process		-			-			-			-			-			481			2,228			5,993			2,310			11,012			-			-			78			78
Interest expense, net		719			1,090			1,079			937			3,825			1,120			2,804			4,813			6,335			15,072			7,721			8,584			6,874			23,179
Income tax (benefit) expense		2,114			1,545			3,540			3,637			10,836			811			(3,132	)		(7,273	)		24,458			14,864			(301	)		(189	)		683			193
Headquarters relocation costs		1,025			1,174			1,353			-			3,552			-			-			-			-			-			-			-			-			-
Stock-based expense		8,391			10,737			8,255			9,469			36,852			10,092			13,876			11,764			10,103			45,835			10,318			13,695			13,479			37,492
Adjusted EBITDA	$	27,452		$	30,662		$	32,976		$	36,120		$	127,210		$	37,078		$	39,444		$	39,980		$	46,943		$	163,445		$	54,161		$	57,125		$	59,094		$	170,380


		Q1 2016			Q2 2016			Q3 2016			Q4 2016		FY 2016				Q1 2017			Q2 2017			Q3 2017			Q4 2017		FY 2017				Q1 2018			Q2 2018			Q3 2018		FY 2018
Non-GAAP On Demand Revenue Detail ($000's)
Property Management	$	36,282		$	38,467		$	39,023		$	39,118		$	152,890		$	40,341		$	41,404		$	42,175		$	43,082		$	167,002		$	45,319		$	46,522		$	47,307		$	139,148
% of Total		29	%		28	%		28	%		28	%		28	%		27	%		26	%		26	%		24	%		26	%		24	%		22	%		22	%		23	%
Y-O-Y growth		11	%		14	%		11	%		10	%		11	%		11	%		8	%		8	%		10	%		9	%		12	%		12	%		12	%		12	%

Resident Services	$	45,071		$	54,613		$	58,351		$	60,062		$	218,097		$	60,968		$	64,860		$	70,527		$	75,822		$	272,177		$	77,175		$	85,329		$	94,084		$	256,588
% of Total		37	%		40	%		41	%		42	%		40	%		42	%		42	%		43	%		42	%		42	%		40	%		41	%		44	%		42	%
Y-O-Y growth		36	%		60	%		50	%		49	%		49	%		35	%		19	%		21	%		26	%		25	%		27	%		32	%		33	%		31	%

Leasing and Marketing	$	28,925		$	29,618		$	29,451		$	27,562		$	115,556		$	27,815		$	29,324		$	29,334		$	37,563		$	124,036		$	39,434		$	42,845		$	42,198		$	124,477
% of Total		24	%		22	%		21	%		20	%		22	%		19	%		19	%		18	%		21	%		19	%		20	%		21	%		19	%		20	%
Y-O-Y growth		-2	%		-3	%		-2	%		-3	%		-3	%		-4	%		-1	%		0	%		36	%		7	%		42	%		46	%		44	%		44	%

Asset Optimization	$	12,790		$	13,654		$	13,897		$	14,698		$	55,039		$	17,794		$	20,084		$	20,240		$	24,347		$	82,465		$	31,685		$	32,352		$	32,242		$	96,279
% of Total		10	%		10	%		10	%		10	%		10	%		12	%		13	%		13	%		13	%		13	%		16	%		16	%		15	%		16	%
Y-O-Y growth		18	%		17	%		15	%		20	%		18	%		39	%		47	%		46	%		66	%		50	%		78	%		61	%		59	%		66	%

Non-GAAP On Demand Revenue Detail ($000's)
Subscription	$	110,464		$	123,404		$	127,155		$	128,455		$	489,478		$	134,325		$	141,459		$	152,564		$	158,958		$	587,306		$	169,687		$	179,082		$	189,458		$	538,227
% of Total		90	%		91	%		90	%		91	%		90	%		91	%		91	%		94	%		88	%		91	%		88	%		86	%		88	%		87	%
Y-O-Y growth		18	%		27	%		24	%		22	%		23	%		22	%		15	%		20	%		24	%		20	%		26	%		27	%		24	%		26	%

Transactional	$	12,604		$	12,948		$	13,567		$	12,985		$	52,104		$	12,593		$	14,213		$	9,712		$	21,856		$	58,374		$	23,926		$	27,966		$	26,373		$	78,265
% of Total		10	%		9	%		10	%		9	%		10	%		9	%		9	%		6	%		12	%		9	%		12	%		14	%		12	%		13	%
Y-O-Y growth		5	%		1	%		3	%		13	%		5	%		0	%		10	%		-28	%		68	%		12	%		90	%		97	%		172	%		114	%

Annual Contract Value ($000's)
Non-GAAP On Demand Annual Customer Value	$	529,052		$	548,917		$	565,700		$	566,263					$	596,159		$	649,017		$	708,836		$	751,183					$	779,446		$	837,897		$	886,747
Total ACV Growth (QTD)		24	%		21	%		21	%		21	%					13	%		18	%		25	%		33	%					31	%		29	%		25	%
Organic ACV Growth (QTD)		10	%		11	%		10	%		10	%					11	%		11	%		11	%		11	%					10	%		11	%		12	%
Unit Trend (000's)
On Demand Units - Ending		10,999			11,141			11,251			10,989						11,112			11,485			12,253			13,003						13,173			15,531			16,073
Average Unit Renewal Rate
Average Renewal Rate (8 quarters)		96.9	%		97.0	%		97.0	%		96.9	%					96.8	%		96.6	%		96.2	%		96.2	%					96.2	%		96.4	%		96.6	%
RPU
Non-GAAP On Demand RPU (QTD) (whole $)	$	48.10		$	49.27		$	50.28		$	51.53					$	53.65		$	56.51		$	57.85		$	57.77					$	59.17		$	53.95		$	55.17
Top ACV / RPU
Top 100 ACV ($000's)	$	232,031		$	240,850		$	245,947		$	253,206					$	255,262		$	269,154		$	288,315		$	304,601					$	319,642		$	336,943		$	359,144

Top 100 ACV RPU	$	71.02		$	69.68		$	72.63		$	78.32					$	79.59		$	84.92		$	84.11		$	81.78					$	85.64		$	69.48		$	68.61

Top 50 RPU Clients RPU	$	168.58		$	172.32		$	177.21		$	186.47					$	187.48		$	182.61		$	187.66		$	195.30					$	201.45		$	212.30		$	222.23

Headcount
Total Ending RP Headcount		4,445			4,707			4,413			4,410						4,778			5,029			5,231			5,462						5,664			5,958			6,149

Total International Headcount (included above)		1,694			1,938			1,845			1,880						2,037			2,140			2,206			2,288						2,454			2,558			2,618
% International Headcount		38	%		41	%		42	%		43	%					43	%		43	%		42	%		42	%					43	%		43	%		43	%