Quarterly Historical Data

Period Ended
Q3 2022
Q2 2022
Q1 2022
Q4 2021
Q3 2021
Q2 2021
Q1 2021
Q4 2020
Q3 2020
Q2 2020
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Balance Sheet ($000)
Real Estate 188,820 181,578 179,612 160,175 150,123 136,153 135,618 135,532 135,376 134,520 134,079 133,499 126,385 126,242 126,558 109,041 108,687 108,247 95,962 94,224 70,357 61,335 60,900 47,916 24,216
Real Estate (Less Accumulated Depreciation) 168,014 161,594 160,844 142,460 133,514 120,156 120,567 121,520 122,406 122,586 123,185 123,712 117,631 118,494 119,741 103,100 103,292 103,588 92,292 91,488 68,398 59,967 60,088 47,586 24,095
Secured Debt 119,042 114,585 115,463 98,976 94,391 86,062 85,813 86,483 87,143 87,717 88,319 88,905 85,740 75,740 86,291 86,830 74,948 75,425 75,868 68,330 68,720 52,675 46,263 46,538 35,168 17,368
Total Debt 119,042 114,585 115,463 98,976 94,931 86,062 85,813 86,483 87,143 87,717 88,319 88,905 85,740 85,750 86,291 86,860 74,948 75,425 75,868 68,341 68,720 52,675 46,263 46,538 35,168 17,368
Total Liabilities 128,853 124,861 125,276 108,703 103,322 94,960 94,724 96,939 98,809 99,496 98,937 98,404 94,216 94,998 97,291 84,212 84,435 85,290 76,226 76,609 58,200 51,589 52,072 40,322 19,530
Equity (Attributable to Common Shares) 53,855 52,742 52,414 50,895 34,599 33,604 33,720 32,557 32,246 32,096 32,584 33,717 34,560 34,851 35,281 35,806 36,390 36,949 33,550 23,678 24,249 24,650 24,751 9,761 10,938
Equity (Attributable to Partnership Units) 20,699 20,548 20,751 17,292 17,686 16,164 16,551 16,219 16,342 16,589 17,201 18,207 16,897 17,354 17,878 18,444 19,045 19,639 17,124 16,937 17,592 18,115 18,372 18,844 8,756
Total Equity 74,554 73,290 73,166 68,187 52,285 49,768 50,271 48,776 48,588 48,685 49,785 51,924 51,457 52,205 53,159 54,250 55,435 56,588 50,674 40,615 41,841 42,765 43,123 28,605 19,694
Total Assets 203,407 198,151 198,441 176,891 155,607 144,727 144,995 145,714 147,397 148,181 148,722 150,328 145,673 147,203 150,450 138,462 139,870 141,878 126,900 117,224 100,041 94,354 95,195 68,927 39,225
Income Statement ($000)
Rental Revenue 16,767 10,934 5,529 20,784 15,548 10,290 5,181 20,970 15,865 10,657 5,264 19,332 14,269 9,294 4,397 18,213 13,176 8,472 4,163 10,040 6,972 4,432 2,011 1,560 736
Interest Expense 3,197 2,098 1,018 3,552 2,602 1,715 857 3,682 2,783 1,894 985 3,798 2,797 1,819 853 3,259 2,400 1,543 746 2,122 1,474 936 441 425 180
Total Revenue 16,728 10,987 5,805 32,008 15,557 10,686 5,192 21,033 15,917 10,695 5,288 19,433 14,342 9,339 4,424 18,331 13,265 8,533 4,166 10,061 6,989 4,443 2,015 1,567 736
Net Income 1,599 891 901 2,839 2,737 1,103 381 1,249 906 548 82 (891) (934) (783) (448) (2,630) (2,038) (1,464) (680) (2,525) (1,757) (1,288) (1,370) (3,173) (1,098)
Net Income (Attributable to Common Shares) 1,086 605 614 1,849 1,753 708 244 792 573 346 52 (568) (597) (499) (285) (1,650) (1,273) (909) (411) (1,409) (973) (704) (721) (1,916) (780)
Net Income (Attributable to Partnership Units) 513 286 287 990 984 396 137 457 333 202 30 (323) (337) (284) (163) (980) (765) (555) (269) (1,116) (784) (584) (649) (1,257) (318)
FFO 6,899 4,421 2,672 8,442 6,654 4,415 2,028 8,498 6,505 4,491 2,044 6,738 4,783 3,116 1,434 7,124 4,920 3,134 1,552 3,357 2,217 1,224 (201) (1,941) (753)
Modified FFO 2,470 4,421 2,672 8,442 6,654 4,415 2,028 8,498 6,505 4,491 2,044 6,738 4,783 3,116 1,434 7,124 4,920 3,134 1,552 4,035 2,896 1,901 477 351 255
Total Expenses 15,129 10,096 4,905 19,069 13,908 9,207 4,810 19,784 15,011 10,148 5,205 20,325 15,277 10,123 4,871 20,960 15,302 9,997 4,846 12,585 8,746 5,730 3,385 4,739 1,834
Key Metrics
FFO Payout (%) 70.87% 73.39% 60.51% 62.93% 56.33% 56.15% 60.89% 57.01% 55.67% 53.56% 58.64% 66.83% 70.03% 71.41% 77.33% 57.21% 61.41% 62.98% 60.17% 88.61% 100.35% 120.86% (366.75)% (45.14)% (61.84)%
FFO/Total Revenue (%) 41.10% 40.43% 51.58% 40.61% 42.79% 42.89% 39.14% 40.41% 41.00% 42.14% 38.83% 34.75% 33.52% 33.53% 32.61% 38.86% 37.09% 36.73% 37.27% 31.72% 31.72% 27.54% (9.97)% (123.91)% (102.37)%
Total Debt/Gross Real Estate (%) 63.05% 63.11% 64.28% 61.79% 63.24% 63.21% 63.28% 63.81% 64.37% 65.21% 65.87% 66.60% 67.84% 68.35% 68.63% 68.73% 69.40% 70.09% 71.22% 72.93% 74.87% 75.43% 76.42% 73.40% 71.72%
Per Share Information ($)
FFO/Share $0.67 $0.43 $0.26 $0.99 $0.81 $0.54 $0.25 $1.06 $0.81 $0.56 $0.26 $0.88 $0.63 $0.41 $0.19 $1.01 $0.71 $0.47 $0.26 $0.63 $0.42 $0.24 $ (0.04) $ (1.02) $ (0.51)
Modified FFO per Share $0.67 $0.43 $0.26 $0.99 $0.81 $0.54 $0.25 $1.06 $0.81 $0.56 $0.26 $0.88 $0.63 $0.41 $0.19 $1.01 $0.71 $0.47 $0.26 $0.76 $0.55 $0.37 $ 0.10 $ 0.18 $ 0.17
Dividends Declared per Share - - $0.158125 $0.158125 $0.15125 $0.15125 $0.15125 $0.60375 $0.45270 $0.30180 $0.15090 $0.58938 $0.44203 $0.14730 $0.14734 $0.56375 $0.422811 $0.281874 $0.140937 $0.55 $0.4125 $0.2750 $ 0.1375 $ 0.3375 $ 0.2250
Principal Payments Schedule ($000)
Debt Due this Fiscal Year 944 1,820 2,739 - 12,071 12,680 16,646 0 754 1,355 1,884 - 590 590 1,173 1,745 - 505 983 1,338 - 354 602 903 - 107
Debt Due during Next Fiscal Year 5,203 5,080 5,080 3,090 2,662 2,474 2,359 17,346 17,189 19,941 29,132 2,500 2,409 2,409 2,409 2,026 2,033 2,033 1,859 1,758 1,407 1,258 1,258 954 537
Debt Due during Second Fiscal Year 3,925 3,797 3,797 4,535 4,093 5,911 5,792 2,359 2,202 2,102 1,770 29,132 29,036 29,036 29,036 2,115 2,115 2,115 1,933 1,865 1,467 1,311 1,311 993 558
Debt Due during Third Fiscal Year 15,234 15,100 15,100 3,235 2,780 2,453 2,330 5,792 5,636 5,532 5,189 1,770 1,670 1,670 1,670 28,729 28,729 28,729 28,537 1,941 1,525 1,362 1,362 1,033 580
Debt Due during Fourth Fiscal Year 3,709 3,569 3,569 14,517 14,046 13,707 13,580 11,515 11,407 11,052 5,189 5,085 5,085 5,085 1,350 1,350 1,350 1,149 28,512 28,078 27,908 27,908 1,073 601
Debt Due Thereafter 90,671 85,858 85,858 73,600 59,250 49,217 45,520 59,100 50,323 47,886 39,732 50,785 47,425 47,425 47,425 41,166 41,167 41,166 33,995 35,144 20,139 14,090 14,090 31,353 15,129
Shareholder Data YTD Weighted Averages
Common shares/UPREIT Units Outstanding 10,263,700 10,210,893 10,125,957 8,565,331 8,247,055 8,192,246 8,164,700 8,026,079 7,997,911 7,968,631 7,940,644 7,640,300 7,578,454 7,551,679 7,525,970 7,047,029 6,901,752 6,632,832 6,059,844 5,298,534 5,245,888 5,155,390 4,914,811 1,900,496 1,484,526
UPREIT Units Outstanding 3,294,281 3,277,737 3,228,097 2,987,107 2,963,911 2,937,431 2,937,431 2,937,431 2,937,431 2,937,431 2,937,431 2,769,877 2,735,348 2,735,348 2,735,348 2,626,518 2,589,843 2,515,884 2,397,620 2,342,335 2,340,904 2,338,018 2,329,360 752,903 430,082
Common shares Outstanding 6,969,419 6,933,156 6,897,860 5,578,224 5,283,144 5,254,815 5,227,269 5,088,648 5,060,480 5,031,200 5,003,213 4,870,423 4,843,106 4,816,331 4,790,622 4,420,510 4,311,910 4,116,948 3,662,224 2,956,198 2,904,984 2,817,372 2,585,451 1,147,593 1,054,444