EX-99.2 4 dex992.htm RECONCILLIATION TO NET INCOME AVAILABLE TO COMMON STOCKHOLDERS reconcilliation to net income available to common stockholders

Exhibit 99.2

 

Reconciliation of net income available to common stockholders to funds from operations

 

     2002

    2001

    2000

 

Net Income available to common stockholders

   28,877     60,661     63,485  

Depreciation and amortization

   36,859     33,157     35,077  

Depreciation and amortization in income from joint venture

   486     —       —    

Depreciation and amortization in joint venture discontinued operations

   7     —       —    

Depreciation and amortization in discontinued operations

   963     2,713     2,219  

(Gain)/loss on sale of facilities

   —       (11,245 )   (1,149 )

(Gain)/loss on sale of facilities in discontinued operations

   (2,603 )   —       —    

Impairment of assets

   12,472     7,223     —    

Impairment of assets in discontinued operations

   10,828     3,972     —    

Extraordinary charge

                  
    

 

 

Funds from operations

   87,889     96,481     99,632  
    

 

 

Weighted average shares

   48,869     46,836     46,228  
    

 

 

Funds from operation per share

   1.80     2.06     2.16  
    

 

 

     1999

    1998

    1997

 

Net Income available to common stockholders

   63,136     62,071     61,855  

Depreciation and amortization

   33,555     26,377     19,825  

Depreciation and amortization in discontinued operations

   2,576     1,599        

(Gain)/loss on sale of facilities

   335     (2,321 )   (829 )

Impairment of assets

   —       5,000        
    

 

 

Funds from operations

   99,602     92,726     80,851  
    

 

 

Interest expense add back for diluted FFO

   —       3,999     4,441  
    

 

 

Diluted funds from operations

   99,602     96,725     85,292  
    

 

 

Weighted average shares

   46,216     44,645     42,173  
    

 

 

Shares add back for diluted funds from operations

   —       2,638     2,893  
    

 

 

Diluted weighted average shares

   46,216     47,283     45,066  
    

 

 

Funds from operation per share

   2.16     2.08     1.92  
    

 

 

Diluted funds from operation per share

   2.16     2.05     1.89  
    

 

 


     1996

   1995

    1994

      

Net Income available to common stockholders

   54,944    50,371     44,813       

Depreciation and amortization

   16,723    13,885     12,244       

(Gain)/loss on sale of facilities

   —      (989 )   —         
    
  

 
      

Funds from operations

   71,667    63,267     57,057       
    
  

 
      

Weighted average shares

   40,377    37,888     36,356       
    
  

 
      

Funds from operation per share

   1.77    1.67     1.57       
    
  

 
      
     1993

   1992

    1991

   1990

 

Net Income available to common stockholders

   38,992    29,681     18,081    17,108  

Depreciation and amortization

   10,115    9,219     7,585    6,401  

(Gain)/loss on sale of facilities

   —      (138 )   —      (92 )

Extraordinary charge

   2,004          3,460       
    
  

 
  

Funds from operations

   51,111    38,762     29,126    23,417  
    
  

 
  

Weighted average shares

   35,188    29,734     25,674    21,912  
    
  

 
  

Funds from operation per share

   1.45    1.30     1.13    1.07