| In millions, except per share items | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Base rent | 345.0 | 298.6 | 285.7 | 265.7 | 236.8 | 12.1 | 154.9 | 117.3 |
| Recoveries from tenants | 169.7 | 139.5 | 124.9 | 104.3 | 91.0 | 79.1 | 78.4 | 69.0 |
| Other | 14.0 | 14.3 | 7.0 | 5.1 | 4.6 | 196.2 | 9.2 | 14.0 |
| Total revenues [+] | 528.7 | 452.4 | 417.6 | 375.1 | 332.4 | 287.4 | 242.5 | 200.3 |
| Tenant reimbursements | 169.7 | 139.5 | 124.9 | 104.3 | 91.0 | 79.1 | 78.4 | 69.0 |
| Lease / rental | 345.0 | 298.6 | 285.7 | 265.7 | 236.8 | 206.0 | 154.9 | 117.3 |
| Other real estate | 14.0 | 14.3 | 7.0 | 5.1 | 4.6 | 2.3 | 9.2 | 14.0 |
| Revenue growth [+] | 16.9% | 8.3% | 11.3% | 12.8% | 15.7% | 18.5% | 21.1% | 15.3% |
| Base rent | 15.6% | 4.5% | 7.5% | 12.2% | 1857.1% | -92.2% | 32.1% | 12.7% |
| Recoveries from tenants | 21.6% | 11.8% | 19.7% | 14.5% | 15.1% | 0.9% | 13.7% | 17.4% |
| Cost of goods sold | 20.2 | 21.3 | 14.2 | 14.4 | 12.7 | 6.4 | 5.3 | 5.3 |
| Gross profit | 508.5 | 431.1 | 403.4 | 360.7 | 319.8 | 281.0 | 237.3 | 195.0 |
| Gross margin | 96.2% | 95.3% | 96.6% | 96.2% | 96.2% | 97.8% | 97.8% | 97.4% |
| Selling, general and administrative [+] | 23.0 | 18.1 | 17.2 | 16.3 | 17.0 | 16.0 | 14.7 | 13.4 |
| General and administrative | 23.0 | 18.1 | 17.2 | 16.3 | 17.0 | 16.0 | 14.7 | 13.4 |
| Other operating expenses | 143.0 | 146.9 | 126.6 | 107.2 | 101.6 | 81.5 | 74.2 | 74.4 |
| EBITDA [+] | 342.5 | 266.1 | 259.7 | 237.3 | 201.2 | 183.6 | 148.4 | 107.2 |
| EBITDA growth | 28.7% | 2.5% | 9.4% | 18.0% | 9.6% | 23.8% | 38.3% | 8.1% |
| EBITDA margin | 64.8% | 58.8% | 62.2% | 63.3% | 60.5% | 63.9% | 61.2% | 53.5% |
| Depreciation and amortization | 107.8 | 104.0 | 96.8 | 93.1 | 89.2 | 75.1 | 62.5 | 56.7 |
| EBIT [+] | 234.7 | 162.0 | 162.9 | 144.2 | 111.9 | 108.5 | 85.9 | 50.5 |
| EBIT growth | 44.8% | -0.5% | 12.9% | 28.9% | 3.1% | 26.4% | 69.9% | 4.2% |
| EBIT margin | 44.4% | 35.8% | 39.0% | 38.5% | 33.7% | 37.8% | 35.4% | 25.2% |
| Non-recurring items [+] | 22.8 | 122.5 | | | | | | |
| Asset impairment | | 122.5 | | | | | | |
| Loss (gain) on sale of assets | 22.8 | | | | | | | |
| Interest expense | 48.3 | 40.5 | 33.6 | 46.4 | 47.8 | 27.1 | 36.7 | 25.5 |
| Interest expense | 48.3 | 40.5 | 33.6 | 46.4 | 47.8 | 27.1 | 36.7 | 25.5 |
| Other income (expense), net [+] | 18.0 | -3.2 | -4.6 | -44.2 | -3.3 | -2.6 | -5.1 | -22.2 |
| Amortization of financing costs and debt discount | -3.7 | -3.2 | -3.0 | -3.3 | -3.5 | -2.4 | 4.0 | |
| Gain (loss) on debt retirement | -1.2 | | -1.7 | -41.0 | | | | |
| Pre-tax income | 181.5 | -4.1 | 124.7 | 53.6 | 60.8 | 78.9 | 44.0 | 2.9 |
| Income taxes | 0.1 | 0.0 | 0.1 | 0.0 | 0.0 | -0.6 | 0.3 | 1.1 |
| Tax rate | 0.1% | 0.0% | 0.1% | 0.0% | 0.0% | | 0.7% | 39.3% |
| Minority interest | 24.2 | -6.0 | 18.7 | 5.2 | 7.8 | | | |
| Net income | 124.0 | -25.3 | 78.7 | 21.1 | 26.0 | 44.1 | 27.3 | 1.8 |
| Net margin | 23.4% | -5.6% | 18.8% | 5.6% | 7.8% | 15.3% | 11.3% | 0.9% |
| |
| Basic EPS [+] | $1.70 | ($0.39) | $1.20 | $0.33 | $0.41 | $0.72 | $0.52 | $0.04 |
| Growth | -536.8% | -132.4% | 267.2% | -20.8% | -42.6% | 39.3% | 1077.5% | 8048.9% |
| Diluted EPS [+] | $1.68 | ($0.39) | $1.19 | $0.32 | $0.41 | $0.71 | $0.50 | $0.04 |
| Growth | -531.9% | -132.7% | 268.5% | -20.7% | -42.4% | 40.3% | 1069.5% | 7908.9% |
| |
| Dividends per share [+] | $1.88 | $1.69 | $1.30 | $0.90 | $0.54 | $0.48 | $0.44 | $0.08 |
| Growth | 11.1% | 29.5% | 45.6% | 65.1% | 13.3% | 8.9% | 418.5% | |
| |
| Shares outstanding (basic) [+] | 73.0 | 65.2 | 65.5 | 64.6 | 62.9 | 61.2 | 52.8 | 39.9 |
| Growth | 12.0% | -0.5% | 1.3% | 2.8% | 2.7% | 16.0% | 32.2% | -99.9% |
| Shares outstanding (diluted) [+] | 73.8 | 65.2 | 66.1 | 65.5 | 63.8 | 62.3 | 54.1 | 40.6 |
| Growth | 13.3% | -1.4% | 0.9% | 2.7% | 2.3% | 15.2% | 33.1% | -99.9% |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |