EX-99.1 8 j3259_ex99d1.htm EX-99.1 Exhibit 99

 

Exhibit 99.1

 

 

SELECTED QUARTERLY FINANCIAL INFORMATION

(Unaudited)

 

Selected quarterly information for the years ended December 31, 2001 and 2000 is as follows (in thousands, except per unit amounts):

 

 

 

Quarter Ended

 

2001

 

December 31

 

September 30

 

June 30

 

March 31

 

Revenues from Rental Operations

 

$

179,414

 

$

178,199

 

$

181,768

 

$

183,968

 

Revenues from Service Operations

 

12,834

 

21,676

 

23,627

 

22,322

 

Net income available for common units

 

50,130

 

88,018

 

56,877

 

67,405

 

Basic income per common unit

 

$

0.34

 

$

0.59

 

$

0.39

 

$

0.46

 

Diluted income per common unit

 

$

0.34

 

$

0.58

 

$

0.38

 

$

0.45

 

Weighted average common units

 

147,961

 

148,396

 

147,899

 

147,240

 

Weighted average common and dilutive potential common units

 

149,842

 

158,594

 

149,572

 

151,031

 

Funds From Operations (1)

 

$

108,151

 

$

88,881

 

$

101,645

 

$

97,016

 

Cash flow provided by (used by):

 

 

 

 

 

 

 

 

 

Operating activities

 

$

66,222

 

$

147,327

 

$

125,666

 

$

93,453

 

Investing activities

 

(27,575

)

59,393

 

21,077

 

(43,395

)

Financing activities

 

(38,157

)

(296,626

)

(85,940

)

(50,192

)

 

 

 

 

 

 

 

 

 

 

2000

 

 

 

 

 

 

 

 

 

Revenues from Rental Operations

 

$

172,924

 

$

185,760

 

$

178,408

 

$

174,734

 

Revenues from Service Operations

 

21,790

 

21,903

 

25,041

 

14,065

 

Net income available for common units

 

84,385

 

51,949

 

52,402

 

56,293

 

Basic income per common unit

 

$

0.58

 

$

0.36

 

$

0.36

 

$

0.39

 

Diluted income per common unit

 

$

0.57

 

$

0.35

 

$

0.36

 

$

0.39

 

Weighted average common units

 

146,633

 

146,138

 

145,719

 

145,125

 

Weighted average common and dilutive potential common units

 

154,793

 

147,916

 

147,181

 

146,326

 

Funds From Operations (1)

 

$

94,049

 

$

93,968

 

$

90,693

 

$

86,419

 

Cash flow provided by (used by):

 

 

 

 

 

 

 

 

 

Operating activities

 

$

147,994

 

$

126,831

 

$

97,171

 

$

77,394

 

Investing activities

 

146,067

 

14,649

 

(98,142

)

(160,326

)

Financing activities

 

(295,980

)

(141,764

)

4,518

 

102,274

 

 

(1)                  Funds From Operations is defined by the National Association of Real Estate Investment Trusts as net income or loss, excluding gains or losses from debt restructuring and sales of depreciated property, plus operating property depreciation and amortization and adjustments for minority interest and unconsolidated companies on the same basis. Funds From Operations does not represent cash flow from operations as defined by generally accepted accounting principles, should not be considered as an alternative to net income as an indicator of the Partnership’s operating performance, and is not indicative of cash available to fund all cash flow needs.