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September 18, 2023
Rexford Industrial Announces Dates for Third Quarter 2023 Earnings Release and Conference Call
September 7, 2023
September 6, 2023
Rexford Industrial Announces $46 Million of Investment Activity
| Year Ending Dec 2022 (Update) | Year Ending Dec 2021 (Update) | Year Ending Dec 2020 (Update) | Year Ending Dec 2019 (Update) | Year Ending Dec 2018 (Update) | Year Ending Dec 2017 (Update) | Year Ending Dec 2016 (Update) | Year Ending Dec 2015 (Update) | Year Ending Dec 2014 (Update) | Year Ending Dec 2013 (Update) | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales Net Sales represents sales receipts for products and services, less cash discounts, trade discounts, excise tax, and sales returns and allowances. Revenues are recognized according to applicable accounting principles. | 631.20 | 452.24 | 330.14 | 267.21 | 212.49 | 161.36 | 126.19 | 93.90 | 66.58 | 44.37 |
| Revenue Revenue is used for industrial and utility companies. It consists of revenue from the sale of merchandise, manufactured goods and services, and the distribution of regulated energy resources, depending on a specific company’s industry. | 631.20 | 452.24 | 330.14 | 267.21 | 212.49 | 161.36 | 126.19 | 93.90 | 66.58 | 44.37 |
| Total Revenue Total Revenue represents revenue from all of a company’s operating activities after deducting any sales adjustments and their equivalents. | 631.20 | 452.24 | 330.14 | 267.21 | 212.49 | 161.36 | 126.19 | 93.90 | 66.58 | 44.37 |
| Cost of Revenue Cost of Revenue includes all costs that can be directly attributable to the goods and services produced/purchased and sold. | 150.50 | 107.72 | 79.72 | 63.27 | 51.67 | 42.14 | 33.62 | 25.00 | 18.38 | 10.28 |
| Cost of Revenue, Total Cost of Revenue, Total represents total operating expenses directly related to the goods sold and services provided. | 150.50 | 107.72 | 79.72 | 63.27 | 51.67 | 42.14 | 33.62 | 25.00 | 18.38 | 10.28 |
| Gross Profit Gross Profit represents a measure of a company’s operating performance. Gross Profit states the profits earned directly from a company’s revenues and direct costs. | 480.70 | 344.52 | 250.42 | 203.94 | 160.82 | 119.22 | 92.57 | 68.90 | 48.20 | 34.09 |
| Selling/General/Administrative Expense Selling/General/Administrative Expense represents all of the costs of operating a business other than the costs of readying a product for sale. Individual expenses included in Selling/General/Administrative Expense may vary depending on the nature of business of a company, but they cover expenses related to selling and marketing activities, general activities that serve many different departments, and administrative activities. | 64.26 | 48.99 | 36.80 | 30.30 | 25.19 | 21.61 | 17.42 | 15.02 | 12.14 | 9.75 |
| Selling/General/Administrative Expenses, Total Selling/General/Administrative Expenses, Total represents the sum of:<br/>Selling/General/Administrative Expense<br/>Labor & Related Expense<br/>Advertising Expense. | 64.26 | 48.99 | 36.80 | 30.30 | 25.19 | 21.61 | 17.42 | 15.02 | 12.14 | 9.75 |
| Depreciation Depreciation represents the accounting process of allocating the cost of tangible assets to expenses over those periods expected to benefit from the use of the assets. | 196.79 | 151.27 | 115.27 | 98.89 | 80.04 | 64.85 | 51.41 | 41.84 | 28.61 | 15.71 |
| Depreciation/Amortization Depreciation/Amortization represents the sum of:<br/>Depreciation<br/>Amortization of Intangibles<br/>Amortization of Acquisition Costs. | 196.79 | 151.27 | 115.27 | 98.89 | 80.04 | 64.85 | 51.41 | 41.84 | 28.61 | 15.71 |
| Other Unusual Expense (Income) Other Unusual Expense (Income) represents unusual expenses other than Restructuring Charge, Litigation, Impairment – Assets Held for Use, orImpairment – Assets Held for Sale. | 2.48 | 1.80 | 0.23 | 0.17 | 0.32 | 0.43 | 1.86 | 1.74 | 2.04 | 3.85 |
| Unusual Expense (Income) Unusual Expense (Income) represents the sum of: <br/>Purchased R&D Written-Off<br/>Restructuring Charge<br/>Litigation<br/>Impairment – Assets Held for Use<br/>Impairment – Assets Held for Sale<br/>Other Unusual Expense (Income). | 2.48 | 1.80 | 0.23 | 0.17 | 0.32 | 0.43 | 1.86 | 1.74 | 2.04 | 3.85 |
| Other Operating Expense Other Operating Expense represents operating expenses disclosed that have no standard identification. It is used for items not typically related to standard operating activities. | -- | -- | -- | -- | -- | -- | -- | -- | -- | 2.05 |
| Other Operating Expenses, Total Other Operating Expenses, Total represents the sum of: <br/>Unrealized Losses (Gains)<br/>Loss (Gain) on Sale of Assets – Operating<br/>Property & Other Taxes<br/>Other Operating Expense<br/>Other, Net. | -- | -- | -- | -- | -- | -- | -- | -- | -- | 2.05 |
| Total Operating Expense Total Operating Expense represents the sum of: <br/><br/>Industrial Company:<br/>Cost of Revenue, Total<br/>Selling/General/Administrative Expenses, Total<br/>Depreciation/Amortization<br/>Interest Expense (Income), Net – Operating<br/>Unusual Expense (Income)<br/>Other Operating Expenses, Total<br/><br/>Utility Company:<br/>Cost of Revenue, Total<br/>Selling/General/Administrative Expenses, Total<br/>Depreciation/Amortization<br/>Interest Expense (Income), Net – Operating<br/>Unusual Expense (Income)<br/>Other Operating Expenses<br/> Fuel Expense<br/>Operations & Maintenance<br/><br/>Insurance Company:<br/>Selling/General/Administrative Expenses, Total<br/>Depreciation/Amortization<br/>Interest Expense (Income), Net – Operating<br/>Unusual Expense (Income)<br/>Other Operating Expenses, Total. | 414.04 | 309.78 | 232.01 | 192.63 | 157.23 | 129.03 | 104.30 | 83.59 | 61.17 | 41.64 |
| Operating Income Operating Income represents the sum of:<br/>Total Revenue<br/>Total Operating Expense. | 217.17 | 142.46 | 98.13 | 74.58 | 55.27 | 32.33 | 21.90 | 10.31 | 5.41 | 2.73 |
| Interest Expense - Non-Operating Interest Expense, Non-Operating represents interest expense on debt of nonfinancial service companies, including insurance companies. The interest expense may be actually paid or imputed on financing transactions. Interest Expense, Non-Operating is always a negative figure. | -60.73 | -44.69 | -34.77 | -30.74 | -27.47 | -21.90 | -16.50 | -9.21 | -6.44 | -11.16 |
| Interest Capitalized - Non-Operating Interest Capitalized, Non-Operating represents interest charges deferred to the company’s property, plant and equipment account, amortized over the life of the related assets. It is reported in the non-operating section of the company’s income statement. | 12.24 | 4.55 | 3.93 | 3.86 | 2.05 | 1.69 | 1.65 | 0.75 | 0.04 | -- |
| Interest Expense, Net Non-Operating Interest Expense, Net Non-Operating represents Interest Expense, Non-Operating, reduced by Interest Capitalized, Non-Operating, and is usually a negative value. | -48.50 | -40.14 | -30.85 | -26.88 | -25.42 | -20.21 | -14.85 | -8.45 | -6.40 | -11.16 |
| Investment Income, Non-Operating Investment Income, Non-Operating represents income, other than interest, from investment securities. Such income may include dividend income, gain/loss on sale of investment securities, equity earnings in affiliates, unconsolidated subsidiaries or joint ventures (before taxes), or any other investment income. | -- | -- | -- | 0.00 | 0.00 | 0.01 | 1.45 | 0.09 | -0.03 | -0.77 |
| Interest/Investment Income, Non-Operating Interest/Investment Income, Non-Operating represents the sum of:<br/>Interest Income, Non-Operating<br/>Investment Income, Non-Operating. | -- | -- | -- | 0.00 | 0.00 | 0.01 | 1.45 | 0.09 | -0.03 | -0.77 |
| Interest Income (Expense), Net-Non-Operating, Total Interest Income (Expense), Net- Non-Operating, Total represents the sum of:<br/>Interest Expense, Net Non-Operating<br/>Interest/Investment Income, Non-Operating<br/>Interest Income (Expense), Net Non-Operating. | -48.50 | -40.14 | -30.85 | -26.88 | -25.42 | -20.20 | -13.40 | -8.36 | -6.43 | -11.93 |
| Gain (Loss) on Sale of Assets Gain (Loss) on Sale of Assets represents gains/losses on sale of fixed assets that have been used for operations. Gain (Loss) on Sale of Assets also represents the gains/losses on a large stake of holdings in an investee as long-term investment. | 8.49 | 33.93 | 13.62 | 16.30 | 17.22 | 29.57 | 17.38 | 0.00 | -0.15 | -- |
| Net Income Before Taxes Income Before Tax represents the sum of Operating Income and the following items for all companies other than banks: <br/>Interest Income (Expense), Net Non-Operating<br/>Gain (Loss) on Sale of Assets<br/>Allowance for Funds Used During Construction – Utility only<br/>Other, Net<br/><br/>For banks, Net Interest Income After Loan Loss Provision is adjusted by the following items:<br/>Non-Interest Income, Bank<br/>Non-Interest Expense, Bank | 177.16 | 136.25 | 80.90 | 64.00 | 47.08 | 41.70 | 25.88 | 1.95 | -1.17 | -9.20 |
| Income After Tax Income After Tax represents the sum of Income Tax – Total and Income Before Tax. | 177.16 | 136.25 | 80.90 | 64.00 | 47.08 | 41.70 | 25.88 | 1.95 | -1.17 | -9.20 |
| Minority Interest Minority Interest represents the share of earnings/losses in subsidiaries that belongs to shareholders other than the parent company when the parent company owns less than 100%, but more than 50%, of a subsidiary. Since the subsidiary’s financials are consolidated with the company, this value will be a negative number to represent the amount the company does not own. | -9.57 | -8.01 | -4.49 | -2.02 | -0.87 | -0.99 | -0.75 | -0.08 | 0.10 | 0.10 |
| Net Income Before Extraordinary Items Net Income Before Extraordinary Items represents net income before being adjusted by extraordinary items, such as: <br/>Accounting Change<br/>Discontinued Operations<br/>Extraordinary Item<br/>Taxes on Extraordinary Items | 167.58 | 128.24 | 76.40 | 61.98 | 46.21 | 40.71 | 25.13 | 1.87 | -1.07 | -9.10 |
| Discontinued Operations Discontinued Operations represents the gain or loss from the sale of divisions of a business that have been sold or written off by the company. In order to classify such a sale or write-down as a discontinued operation, the company may no longer be engaged in the activity (such as producing products in the same product line) that it has discontinued. | -- | -- | -- | -- | -- | -- | -- | 0.00 | 1.97 | 4.21 |
| Total Extraordinary Items Total Extraordinary Items represents the sum of: <br/>Accounting Change<br/>Discontinued Operations<br/>Extraordinary Item<br/>Tax on Extraordinary items. | -- | -- | -- | -- | -- | -- | -- | 0.00 | 1.97 | 4.21 |
| Net Income Net Income represents the sum of Net Income Before Extraordinary Items and Total Extraordinary Items. | 167.58 | 128.24 | 76.40 | 61.98 | 46.21 | 40.71 | 25.13 | 1.87 | 0.90 | -4.89 |
| Preferred Dividends Preferred Dividends represents the total dollar amount of the current dividend requirement on issued preferred stock of a company (including its subsidiaries). | -9.26 | -15.91 | -14.55 | -11.06 | -9.69 | -5.88 | -1.98 | -- | -- | -- |
| Miscellaneous Earnings Adjustment Miscellaneous Earnings Adjustment represents an adjustment applied to net earnings that is used to obtain a company’s calculated EPS. | -0.85 | -0.57 | -0.51 | -0.45 | -0.38 | -0.41 | -0.30 | -0.22 | -0.10 | -- |
| Total Adjustments to Net Income Total Adjustments to Net Income represents the sum of: <br/>Preferred Dividends<br/>General Partners’ Distributions<br/>Miscellaneous Earnings Adjustments<br/>Pro Forma Adjustment<br/>Interest Adjustment – Primary EPS. | -10.10 | -16.48 | -15.05 | -11.50 | -10.07 | -6.29 | -2.29 | -0.22 | -0.10 | -- |
| Income Available to Common Excluding Extraordinary Items Income Available to Common Excluding Extraordinary Items represents net income available to common stockholders, not including the effect of extraordinary items, and is used to calculate Basic EPS Excluding Extraordinary Items. | 157.48 | 111.76 | 61.35 | 50.48 | 36.14 | 34.43 | 22.84 | 1.65 | -1.18 | -9.10 |
| Income Available to Common Stocks Including Extraordinary Items Income Available to Common Stocks Including Extraordinary Items represents net income available to common stockholders, including extraordinary items, and is used to calculate Basic EPS Including Extraordinary Items. | 157.48 | 111.76 | 61.35 | 50.48 | 36.14 | 34.43 | 22.84 | 1.65 | 0.79 | -4.89 |
| Basic Weighted Average Shares Basic Weighted Average Shares represents the weighted average common shares outstanding less the dilution of stock options for a given period. These shares are used to calculate Basic EPS. | 170.47 | 139.29 | 120.87 | 106.41 | 86.82 | 71.20 | 62.72 | 54.02 | 31.95 | 24.93 |
| Basic EPS Excluding Extraordinary Items Basic EPS Excluding Extraordinary Items represents Income Available to Common Excluding Extraordinary Items divided by Basic Weighted Average Shares. | 0.92 | 0.80 | 0.51 | 0.47 | 0.42 | 0.48 | 0.36 | 0.03 | -0.04 | -0.37 |
| Basic EPS Including Extraordinary Items Basic EPS Including Extraordinary Items represents Income Available to Common Stocks Including Extraordinary Items divided byBasic Weighted Average Shares. | 0.92 | 0.80 | 0.51 | 0.47 | 0.42 | 0.48 | 0.36 | 0.03 | 0.02 | -0.20 |
| Dilution Adjustment Dilution Adjustment represents the adding back to reported net income the interest expense of debentures when assumed converted, and the adding back to the reported net income the convertible preferred dividends when assumed converted. The adjustment is used to calculate Diluted EPS. | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 |
| Diluted Net Income Diluted Net Income represents Net Income adjusted by Dilution Adjustment for Diluted EPS computation. Diluted Net Income assumes the conversion of all convertible preferred stock and debt, which means the net income will be adjusted for not paying out any interest expense or preferred dividends. | 157.48 | 111.76 | 61.35 | 50.48 | 36.14 | 34.43 | 22.84 | 1.65 | 0.79 | -4.89 |
| Diluted Weighted Average Shares Diluted Weighted Average Shares represents the number of shares for Diluted EPS computation. This is used as a denominator for computation of Diluted EPS Excluding Extraordinary Items and Diluted EPS Including Extraordinary Items. | 170.98 | 140.08 | 121.18 | 106.80 | 87.34 | 71.60 | 62.97 | 54.02 | 31.95 | 24.93 |
| Diluted EPS Excluding Extraordinary Items Diluted EPS Excluding Extraordinary Items represents Diluted Net Income excluding Total Extraordinary Items and divided by Diluted Weighted Average Shares. | 0.92 | 0.80 | 0.51 | 0.47 | 0.41 | 0.48 | 0.36 | 0.03 | -0.04 | -0.37 |
| Diluted EPS Including Extraordinary Items Diluted EPS Including Extraordinary Items represents Diluted Net Income divided by Diluted Weighted Average Shares. | 0.92 | 0.80 | 0.51 | 0.47 | 0.41 | 0.48 | 0.36 | 0.03 | 0.02 | -0.20 |
| DPS - Common Stock Primary Issue DPS – Common Stock Primary Issue represents dividends paid per share to the primary common shareholders. | 1.19 | 0.94 | 0.83 | 0.72 | 0.63 | 0.57 | 0.54 | 0.50 | 0.57 | -- |
| Gross Dividends - Common Stock Gross Dividends – Common Stock represents total dividends declared and paid to common shareholders for a period. It represents the gross amount of dividends, before taxes withheld for stockholders. | 222.95 | 140.06 | 106.50 | 81.11 | 57.80 | 42.62 | 34.32 | 28.30 | 16.58 | -- |
| Total Special Items Total Special Items captures all of the unusual/one-time/special items that impact a company in any given period. | -6.01 | -32.13 | -13.39 | -16.13 | -16.90 | -29.14 | -15.52 | 1.74 | 2.19 | 3.85 |
| Normalized Income Before Taxes Normalized Income Before Taxes represents income before taxes excluding nonrecurring charges and/or credits. It represents the sum of Income Before Tax and Total Special Items. | 171.15 | 104.12 | 67.51 | 47.88 | 30.17 | 12.56 | 10.35 | 3.69 | 1.02 | -5.35 |
| Effect of Special Items on Income Taxes Effect of Special Items on Income Taxes represents the tax effect of non-recurring charges and/or credits. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Taxes Excluding Impact of Special Items Income Taxes Excluding Impact of Special Items represents the sum of Income Tax – Total and the Effect of Special Items on Income Taxes. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Normalized Income After Taxes Normalized Income After Taxes represents income after taxes excluding nonrecurring charges and/or credits and the related tax effects of excluding the non-recurring charges and/or credits. It is calculated by subtracting Income Taxes Except Impact of Special Items from Normalized Income Before Taxes. | 171.15 | 104.12 | 67.51 | 47.88 | 30.17 | 12.56 | 10.35 | 3.69 | 1.02 | -5.35 |
| Normalized Income Available to Common Normalized Income Available to Common represents the sum of Normalized Income After Taxes and Total Adjustments to Net Income. | 151.47 | 79.63 | 47.96 | 34.35 | 19.23 | 5.28 | 7.32 | 3.39 | 1.01 | -5.25 |
| Basic Normalized EPS Basic Normalized EPS represents Normalized Income Available to Common divided by Basic Weighted Average Shares. | 0.89 | 0.57 | 0.40 | 0.32 | 0.22 | 0.07 | 0.12 | 0.06 | 0.03 | -0.21 |
| Diluted Normalized EPS Diluted Normalized EPS represents Normalized Income Available to Common adjusted for Dilution Adjustment divided by Diluted Weighted Average Shares. | 0.89 | 0.57 | 0.40 | 0.32 | 0.22 | 0.07 | 0.12 | 0.06 | 0.03 | -0.21 |
| Funds From Operations - REIT Funds From Operations (FFO) – REIT represents, according to the National Association of Real Estate Investment Trusts, Inc. (NAREIT), net income computed in accordance with Generally Accepted Accounting Principals (GAAP), excluding gains (or losses) from debt restructuring and sales of property, plus depreciation and amortization, and after adjustments for unconsolidated partnerships and joint ventures. Funds From Operations – REIT is always found in the notes. | 365.47 | 253.59 | 182.55 | 146.60 | 109.90 | 76.97 | 58.58 | 43.84 | 27.97 | 12.62 |
| Amortization of Intangibles, Supplemental Amortization of Intangibles, Supplemental represents systematic charges to expense over the useful lives of assets that lack physical existence and a high degree of uncertainty concerning future benefits. | 42.20 | 30.14 | -- | -- | -- | -- | -- | 0.20 | 0.42 | 0.44 |
| Depreciation, Supplemental Depreciation, Supplemental represents the accounting process of allocating the cost of tangible assets to expenses in a systematic and rational manner to those periods expected to benefit from the use of the assets. | 154.59 | 121.13 | 115.27 | 98.89 | 80.04 | 64.85 | 51.41 | 41.64 | 28.19 | 15.27 |
| Interest Expense, Supplemental Interest Expense, Supplemental represents interest expense that may be paid and/or imputed, and are reported net of interest capitalized. When interest expense is not reported on the income statement, it is obtained from the notes of the financial statement. | 48.50 | 40.14 | 30.85 | 26.88 | 25.42 | 20.21 | 14.85 | 8.45 | 6.40 | 11.16 |
| Interest Capitalized, Supplemental Interest Capitalized, Supplemental represents interest charges deferred to a company’s property, plant and equipment account, amortized over the life of the related assets. If Interest Capitalized, Supplemental is not provided on the income statement, it is obtained from the notes. It is always reported as a negative figure. | -12.24 | -4.55 | -3.93 | -3.86 | -2.05 | -1.69 | -1.65 | -0.75 | -0.04 | -- |
| Rental Expense, Supplemental Rental Expense, Supplemental represents rental expenses paid for offices, factories, machinery and equipment. | 1.85 | 1.60 | 1.35 | 1.10 | 0.80 | 0.60 | 0.60 | -- | -- | -- |
| Stock-Based Compensation, Supplemental Stock-Based Compensation, Supplemental represents expense related to the adoption of FAS 123(R), “Share-Based Payment”. Stock-Based Compensation expense is measured at the grant date based on the fair value of the award and is recognized as expense over the employee requisite service period. | 28.43 | 19.51 | 12.87 | 10.76 | 10.15 | 5.40 | 3.84 | 1.75 | 1.04 | 1.38 |
| Equity in Affiliates, Supplemental Equity in Affiliates, Supplemental represents the share of earnings/losses that the company is entitled to from unconsolidated affiliated companies, but that has not been distributed as dividends. | -- | -- | -- | 0.00 | 0.00 | 0.01 | 1.45 | 0.09 | -0.03 | -0.82 |
| Minority Interest, Supplemental Minority Interest, Supplemental represents the share of earnings/losses in subsidiaries that belongs to shareholders other than the parent company when the parent company owns less than 100%, but more than 50%, of a subsidiary. | -9.57 | -8.01 | -4.49 | -2.02 | -0.87 | -0.99 | -0.75 | -0.08 | 0.10 | 0.10 |
| Audit-Related Fees, Supplemental Audit Fees, Supplemental comprise of fees for professional services necessary to perform an audit or review in accordance with the standards of the Public Company Accounting Oversight Board, including services rendered for the audit of the Company’s annual financial statements (including services incurred with rendering an opinion under Section 404 of the Sarbanes-Oxley Act of 2002) and review of quarterly financial statements. | 1.48 | 1.38 | 1.31 | 1.20 | 1.08 | 1.12 | 1.07 | 0.86 | 0.71 | 1.42 |
| Audit-Related Fees Audit-Related Fees, Supplemental comprise fees for services that are reasonably related to the performance of the audit or review of the Company’s financial statements. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | 0.05 | 0.00 | 0.15 | 0.00 |
| Tax Fees, Supplemental Tax Fees, Supplemental comprise of fees for tax compliance, tax planning, and tax advice. Corporate tax services encompass a variety of permissible services. | 0.75 | 0.66 | 0.64 | 0.56 | 0.55 | 0.56 | 0.45 | 0.45 | 0.55 | 0.55 |
| All Other Fees Paid to Auditor, Supplemental All Other Fees Paid to Auditor, Supplemental represents other professional fees paid to the Auditor by the company not classified as: <br/>Audit Fees, Supplemental<br/>Audit-Related Fees, Supplemental<br/>Tax Fees, Supplemental. | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Margin Gross Margin represents Gross Profit divided by Revenue. | 76.16 | 76.18 | 75.85 | 76.32 | 75.68 | 73.88 | 73.36 | 73.38 | 72.39 | 76.84 |
| Operating Margin Operating Margin represents Operating Income divided by Total Revenue. | 34.41 | 31.50 | 29.72 | 27.91 | 26.01 | 20.03 | 17.35 | 10.98 | 8.12 | 6.15 |
| Pretax Margin Pretax Margin represents Income Before Tax divided by Total Revenue. | 28.07 | 30.13 | 24.50 | 23.95 | 22.15 | 25.84 | 20.51 | 2.08 | -1.76 | -20.75 |
| Net Profit Margin Net Profit Margin represents Income Available to Common Excluding Extraordinary Items divided by Total Revenue. | 24.95 | 24.71 | 18.58 | 18.89 | 17.01 | 21.34 | 18.10 | 1.76 | -1.76 | -20.52 |
| Normalized EBIT Normalized Earnings before Interest and Taxes represents the sum of: <br/>Operating Income<br/>Interest Expense (Income), Net Operating<br/>Unusual Expense (Income)<br/>Loss (Gain) on Sale of Assets – Operating. | 219.64 | 144.26 | 98.36 | 74.75 | 55.59 | 32.75 | 23.75 | 12.05 | 7.45 | 6.58 |
| Normalized EBITDA Normalized Earnings before Interest, Taxes, Depreciation and Amortization represents the sum of: <br/>Operating Income<br/>Interest Expense (Income), Net Operating<br/>Unusual Expense (Income)<br/>Loss (Gain) on Sale of Assets – Operating<br/>Depreciation, Supplemental<br/>Amortization of Acquisition Costs, Supplemental<br/>Amortization of Intangibles, Supplemental. | 416.44 | 295.53 | 213.62 | 173.64 | 135.63 | 97.61 | 75.16 | 53.88 | 36.06 | 22.29 |
| FFO per Share (Basic) FFO per Share (Basic) represents Funds from Operations (FFO) divided by the basic weighted average shares for the period. It is used by real estate and other investment trusts to define the cash flow from trust operations. | 1.96 | 1.60 | 1.32 | 1.23 | 1.12 | 0.96 | 0.88 | 0.79 | 0.81 | -- |
| FFO per Share (Diluted) FFO per Share (Diluted) represents Funds from Operations (FFO) divided by the diluted weighted average shares for the period. Funds from Operations (FFO) is used by real estate and other investment trusts to define the cash flow from trust operations. | 1.96 | 1.60 | 1.32 | 1.23 | 1.11 | 0.96 | 0.88 | 0.79 | 0.81 | -- |
| Adjusted FFO (AFFO) Adjusted FFO (AFFO) represents Funds from Operations (FFO) adjusted for unusual and/or extraordinary items. Funds from Operations (FFO) is used by real estate and other investment trusts to define the cash flow from trust operations. | 277.51 | 257.35 | 137.25 | 112.12 | 82.56 | -- | 45.42 | 33.87 | 6.97 | 12.77 |
| Adjusted FFO per Share (Basic) Adjusted FFO per Share (Basic) represents Adjusted Funds from Operations (AFFO) divided by the basic weighted average shares for the period. AFFO represents Funds from Operations (FFO) adjusted for unusual and/or extraordinary items. | 1.98 | 1.65 | 1.32 | 1.23 | -- | -- | -- | -- | -- | -- |
| Adjusted FFO per Share (Diluted) Adjusted FFO per Share (Diluted) represents Adjusted Funds from Operations (AFFO) divided by the diluted weighted average shares for the period. AFFO represents Funds from Operations (FFO) adjusted for unusual and/or extraordinary items. | 1.98 | 1.64 | 1.32 | 1.23 | -- | -- | -- | -- | -- | -- |
| Net Operating Income (NOI) Net Operating Income (NOI) represents the underlying profitability of the operating properties of the REIT/ Real Estate company. It is a non-GAAP measure that is generally equivalent to tenant revenues less labor and facility operating costs and management fees. | 480.08 | 344.01 | 249.66 | 200.98 | 158.97 | 118.28 | 91.64 | 67.61 | 46.22 | 25.58 |
| Average Rent per Square Meter Average Rent per Square Meter represents the total average rent received from tenants, per square meter of property controlled by the Real Estate company. | 146.50 | 126.80 | 111.41 | 103.44 | -- | -- | -- | -- | -- | -- |
In millions of USD (except for per share items)
Copyright Refinitiv