In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
Total revenues [+] | 373.3 | 266.6 | 315.2 | 354.2 | 358.8 | 354.1 | 347.0 | 259.5 |
Tenant reimbursements | | | | | | | 70.2 | 52.8 |
Lease / rental | | | | 338.5 | 346.4 | 274.1 | 263.8 | 199.5 |
Other real estate | | | | | | | 13.0 | 7.3 |
Revenue growth | 40.0% | -15.4% | -11.0% | -1.3% | 1.3% | 2.1% | 33.7% | 100.4% |
Cost of goods sold [+] | 49.5 | 35.9 | 38.8 | 92.7 | 92.8 | 90.8 | 90.9 | 68.7 |
Real estate taxes and insurance | | | | 42.4 | 43.2 | 42.8 | 40.9 | 29.9 |
Real estate or leased property costs | | | | 50.4 | 49.6 | 47.9 | 50.0 | 38.7 |
Gross profit | 323.8 | 230.8 | 276.4 | 261.5 | 266.0 | 263.4 | 256.1 | 190.9 |
Gross margin | 86.7% | 86.5% | 87.7% | 73.8% | 74.1% | 74.4% | 73.8% | 73.5% |
Selling, general and administrative [+] | 34.0 | 30.8 | 28.2 | 21.3 | 21.7 | 20.6 | 18.7 | 13.0 |
General and administrative | 34.0 | 30.8 | 28.2 | 21.3 | 21.7 | 20.6 | 18.7 | 13.0 |
Equity in earnings | -0.4 | -1.7 | -0.6 | -0.3 | | | | |
Other operating expenses | -6.9 | 31.5 | -32.4 | -6.8 | -15.2 | -4.3 | -4.8 | |
EBITDA [+] | 298.9 | 168.8 | 282.7 | 250.6 | 261.9 | 426.1 | 245.5 | 180.7 |
EBITDA growth | 77.0% | -40.3% | 12.8% | -4.3% | -38.5% | 73.6% | 35.8% | 119.9% |
EBITDA margin | 80.1% | 63.3% | 89.7% | 70.8% | 73.0% | 120.3% | 70.7% | 69.6% |
Depreciation and amortization | 203.1 | 130.8 | 134.9 | 156.1 | 174.6 | 179.1 | 170.5 | 123.9 |
EBIT [+] | 95.8 | 38.1 | 147.8 | 94.5 | 87.3 | 247.0 | 74.9 | 56.8 |
EBIT growth | 151.7% | -74.3% | 56.4% | 8.3% | -64.7% | 229.6% | 31.8% | 132.6% |
EBIT margin | 25.7% | 14.3% | 46.9% | 26.7% | 24.3% | 69.8% | 21.6% | 21.9% |
Non-recurring items [+] | 117.7 | 4.7 | 76.7 | 73.8 | 7.4 | 177.3 | 3.1 | 27.5 |
Asset impairment | | | 37.7 | 70.4 | 7.4 | 174.6 | 1.6 | |
Interest expense | 60.4 | 50.4 | 59.3 | 66.8 | 65.7 | 65.6 | 56.4 | 45.5 |
Interest expense | 60.4 | 50.4 | 59.3 | 66.8 | 65.7 | 65.6 | 56.4 | 45.5 |
Other income (expense), net [+] | 1.0 | 1.6 | -11.6 | -0.2 | -0.2 | -1.8 | 13.8 | -0.3 |
Litigation settlement | | | | | | | 4.5 | |
Gain (loss) on debt retirement | | | -11.6 | | | | 5.6 | |
Other | | | | | | | | -0.2 |
Pre-tax income | -81.4 | -15.4 | 0.3 | -46.2 | 14.0 | 2.3 | 29.1 | -16.5 |
Income taxes | 0.3 | 0.7 | 0.3 | 0.2 | 0.1 | -0.8 | -0.2 | 0.0 |
Tax rate | | | 100.7% | | 0.7% | | | 0.1% |
Minority interest | -0.9 | 0.1 | 0.5 | 0.1 | 2.0 | 1.9 | 2.2 | 1.0 |
Earnings from continuing ops | -80.8 | -16.2 | -0.5 | -46.6 | 11.9 | 1.2 | 15.4 | -17.4 |
Earnings from discontinued ops | | | | | | | | 3.2 |
Net income | -80.8 | -16.2 | -0.5 | -46.6 | 11.9 | 1.2 | 15.4 | -14.2 |
Net margin | -21.6% | -6.1% | -0.2% | -13.1% | 3.3% | 0.3% | 4.5% | -5.5% |
|
Basic EPS [+] | ($0.73) | ($0.19) | ($0.01) | ($0.56) | $0.14 | $0.01 | $0.19 | ($0.30) |
Growth | 278.8% | 2930.2% | -98.9% | -491.7% | 901.9% | -92.3% | -162.2% | -17.6% |
Diluted EPS [+] | ($0.73) | ($0.19) | ($0.01) | ($0.56) | $0.14 | $0.01 | $0.18 | ($0.30) |
Growth | 278.8% | 2930.2% | -98.9% | -492.2% | 901.0% | -92.3% | -162.2% | -17.6% |
|
Dividends per share [+] | $0.68 | $0.45 | $1.27 | $1.27 | $1.23 | $1.17 | $1.09 | $1.02 |
Growth | 51.3% | -64.6% | 0.0% | 3.7% | 5.2% | 6.9% | 6.9% | 6.3% |
|
Shares outstanding (basic) [+] | 110.6 | 84.1 | 83.9 | 83.7 | 83.6 | 83.4 | 83.4 | 58.4 |
Growth | 31.5% | 0.3% | 0.3% | 0.1% | 0.2% | 0.0% | 43.0% | 147.9% |
Shares outstanding (diluted) [+] | 110.6 | 84.1 | 83.9 | 83.7 | 83.7 | 83.5 | 83.5 | 58.4 |
Growth | 31.5% | 0.3% | 0.3% | 0.0% | 0.3% | -0.1% | 43.2% | 147.9% |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |