In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-05-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| 10-K | 10-K | 10-K | 10-K | 8-K | 10-K | 10-K | 10-K |
Revenues [+] | 284.1 | 284.1 | 295.0 | 295.8 | 295.8 | 273.3 | 237.2 | 192.7 |
Tenant reimbursements | | | | | | | | 40.6 |
Lease / rental | | | | | | 269.4 | 183.3 | 148.6 |
Other | | | | | 6.2 | | | |
Other income | 3.2 | 3.7 | 3.8 | 6.2 | | 3.9 | 2.4 | 3.5 |
Revenue growth | 0.0% | -3.7% | -0.3% | 8.2% | | 15.2% | 23.1% | 23.6% |
Cost of goods sold [+] | 78.1 | 74.3 | 76.1 | 76.2 | -5.9 | 68.8 | 57.3 | 48.2 |
Maintenance and operations costs | 44.4 | 41.1 | 43.7 | 43.9 | | | | |
Real estate taxes and insurance | 33.7 | 33.3 | 32.4 | 32.3 | | 29.7 | 25.1 | 19.7 |
Real estate or leased property costs | | | | | | 39.2 | 32.2 | 28.5 |
Gross profit | 206.0 | 209.8 | 219.0 | 219.6 | 301.7 | 204.4 | 179.9 | 144.5 |
Gross margin | 72.5% | 73.8% | 74.2% | 74.2% | 102.0% | 74.8% | 75.9% | 75.0% |
Selling, general and administrative [+] | 19.7 | 16.8 | 17.8 | 14.9 | 47.3 | 14.1 | 13.1 | 12.7 |
General and administrative | 19.7 | 16.8 | 17.8 | 14.9 | 47.3 | 14.1 | 13.1 | 12.7 |
Equity in earnings | | | | | | | | |
Other operating expenses | -21.5 | 0.8 | -11.8 | -5.4 | 44.3 | 0.4 | 0.5 | 0.6 |
EBITDA [+] | 207.8 | 192.2 | 212.9 | 210.1 | 210.1 | 189.9 | 166.4 | 131.3 |
EBITDA growth | 8.1% | -9.7% | 1.4% | 10.6% | | 14.2% | 26.7% | 27.2% |
EBITDA margin | 73.2% | 67.6% | 72.2% | 71.0% | 71.0% | 69.5% | 70.1% | 68.1% |
Depreciation and amortization | 92.9 | 97.7 | 97.6 | 100.8 | 100.8 | 96.3 | 88.4 | 71.0 |
EBIT [+] | 114.9 | 94.4 | 115.4 | 109.3 | 109.3 | 93.7 | 78.0 | 60.3 |
EBIT growth | 21.7% | -18.1% | 5.6% | 16.6% | | 20.1% | 29.3% | 34.8% |
EBIT margin | 40.4% | 33.2% | 39.1% | 36.9% | 36.9% | 34.3% | 32.9% | 31.3% |
Non-recurring items | | | | | | 0.0 | 0.8 | 1.0 |
Interest expense | 57.5 | 59.7 | 61.7 | 62.1 | | 51.0 | 40.7 | 34.2 |
Interest expense | 57.5 | 59.7 | 61.7 | 62.1 | | 51.0 | 40.7 | 34.2 |
Other income (expense), net | | | | | -62.1 | | | |
Pre-tax income | 57.4 | 34.7 | 53.7 | 47.1 | 47.1 | 42.7 | 36.4 | 25.1 |
Income taxes | 3.9 | 2.7 | 4.8 | 4.4 | 0.0 | 4.2 | 3.7 | 1.2 |
Tax rate | 6.7% | 7.8% | 9.0% | 9.3% | 0.0% | 9.9% | 10.1% | 4.9% |
Minority interest | 3.9 | 2.7 | 4.8 | 4.4 | -4.4 | 4.2 | 3.7 | 1.2 |
Net income | 53.5 | 32.0 | 48.8 | 42.7 | 47.1 | 38.5 | 32.8 | 23.9 |
Net margin | 18.8% | 11.3% | 16.6% | 14.4% | 15.9% | 14.1% | 13.8% | 12.4% |
|
Basic EPS [+] | $0.45 | $0.27 | $0.43 | $0.38 | $0.38 | $0.35 | $0.31 | $0.25 |
Growth | 63.2% | -35.9% | 12.8% | 7.9% | | 11.8% | 26.1% | 2.5% |
Diluted EPS [+] | $0.42 | $0.25 | $0.39 | $0.34 | $0.38 | $0.32 | $0.28 | $0.24 |
Growth | 64.8% | -34.9% | 13.2% | 8.6% | | 12.0% | 18.3% | 2.8% |
|
Dividends per share [+] | $0.51 | $0.20 | $0.79 | $0.78 | $780.00 | $0.75 | $0.72 | $0.68 |
Growth | 155.0% | -74.6% | 1.0% | 4.0% | | 4.2% | 5.9% | 6.3% |
|
Shares outstanding (basic) [+] | 119.5 | 116.7 | 114.2 | 112.6 | 124.1 | 109.4 | 104.1 | 95.7 |
Growth | 2.4% | 2.2% | 1.4% | 3.0% | | 5.1% | 8.8% | 14.7% |
Shares outstanding (diluted) [+] | 128.5 | 126.6 | 125.7 | 124.6 | 124.1 | 121.7 | 116.0 | 100.0 |
Growth | 1.4% | 0.7% | 0.9% | 2.3% | | 4.9% | 16.0% | 14.4% |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |