| Fiscal period | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|
| Period End Date | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | 12/31/2011 |
|---|
| Property rental | 1,157.52 | 1,130.18 | 1,039.34 | 967.23 | 864.74 | 676.14 | 559.87 | 446.68 | 346.87 | 268.73 |
| Management and franchise fees | 52.13 | 49.89 | 41.76 | 39.38 | 39.84 | 34.16 | 28.22 | 26.61 | 25.71 | 29.92 |
| Development fees | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Other Revenue | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Tenant insurance | 146.56 | 128.39 | 115.51 | 98.40 | 87.29 | 71.97 | 59.07 | 47.32 | 36.82 | 31.18 |
| Total Revenues | 1,356.21 | 1,308.45 | 1,196.60 | 1,105.01 | 991.88 | 782.27 | 647.16 | 520.61 | 409.40 | 329.83 |
| Unrecovered development and acquisition costs | -- | -- | -- | -- | -- | -- | 9.83 | 8.62 | 5.35 | 2.90 |
| Property operations | 360.62 | 336.05 | 291.70 | 271.97 | 250.01 | 203.97 | 172.42 | 140.01 | 114.03 | 95.48 |
| Tenant insurance | 26.49 | 29.38 | 25.71 | 19.17 | 15.56 | 13.03 | 10.43 | 9.02 | 7.87 | 6.14 |
| Depreciation and amortization | 224.44 | 219.86 | 209.05 | 193.30 | 182.56 | 133.46 | 115.08 | 95.23 | 74.45 | 58.01 |
| General and administrative | 96.59 | 89.42 | 81.26 | 78.96 | 81.81 | 67.76 | 60.94 | 54.25 | 50.45 | 49.68 |
| Acquisition related costs and other | -- | -- | -- | -- | 12.11 | 69.40 | -- | -- | -- | -- |
| Severance costs | -- | -- | -- | -- | -- | -- | -- | -- | -- | (2.14) |
| Loss on sublease | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Gain on real estate transactions and impairment of real estate | 18.08 | 1.21 | 30.81 | 112.79 | 8.47 | -- | -- | -- | -- | -- |
| TOTAL OPERATING EXPENSE | 708.15 | 674.70 | 607.71 | 563.40 | 542.04 | 487.61 | 368.69 | 307.13 | 252.16 | 214.35 |
| Operating Income (loss) | 666.14 | 634.96 | 619.70 | 654.39 | 458.30 | 294.66 | 278.47 | 213.48 | 157.24 | 115.48 |
| Interest expense | 168.63 | 186.53 | 178.44 | 153.51 | 133.48 | 95.68 | 81.33 | 71.63 | 71.85 | 67.30 |
| Non-cash interest expense related to amortization of discount on exchangeable senior notes | 3.68 | 4.74 | 4.69 | 5.10 | 4.98 | 3.31 | 2.68 | 1.40 | 0.44 | 1.76 |
| Impairment of investments available-for-short | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Gain on sale of real estate assets | -- | -- | -- | -- | -- | 1.50 | (10.29) | 0.96 | -- | 0.00 |
| Loss on sale of investments available for sale | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Equity in earnings of real estate ventures | -- | -- | -- | -- | 12.90 | 12.35 | 10.54 | 11.65 | 10.86 | 7.29 |
| Equity in earnings of unconsolidated real estate ventures - gain on purchase of joint venture partners’ interests | 22.36 | 11.27 | 14.45 | 15.33 | 69.20 | 2.86 | 4.02 | 46.03 | 30.63 | -- |
| Interest income | 15.19 | 7.47 | 5.29 | 6.74 | 11.00 | 3.46 | 1.61 | 0.75 | 1.82 | 1.03 |
| Interest income on note receivable from Preferred Operating Partnership unit holder | -- | -- | -- | -- | -- | 4.85 | 4.85 | 4.85 | 4.85 | 4.85 |
| Loss on debt extinguishments | -- | -- | -- | -- | -- | -- | -- | (9.15) | -- | -- |
| Fair value adjustment of obligation associated with Preferred Operating Partnership units | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Gain on repurchase of exchangeable senior notes | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Property casualty loss, net | -- | -- | -- | -- | -- | -- | (1.72) | -- | -- | -- |
| Income before income tax expense | 531.39 | 462.43 | 456.32 | 517.85 | 412.94 | 220.68 | 203.47 | 195.54 | 133.10 | 59.58 |
| Income tax expense | 13.81 | 11.31 | 9.24 | 3.63 | 15.85 | 11.15 | 7.57 | 9.98 | 5.41 | 1.16 |
| Minority interest - Operating Partnership | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Minority interest-Fidelity preferred return | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Minority interests - other | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Gain on sale of real estate assets | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net income (loss) | 517.58 | 451.12 | 447.08 | 514.22 | 397.09 | 209.54 | 195.90 | 185.56 | 127.69 | 58.42 |
| Net (income) loss allocated to Operating Partnership and other noncontrolling interests | 22.92 | 18.66 | 17.80 | 20.22 | 16.26 | 8.34 | 6.55 | 5.47 | 3.50 | 1.69 |
| Net income allocated to Preferred Operating Partnership noncontrolling interests | 12.88 | 12.49 | 14.00 | 14.99 | 14.70 | 11.72 | 10.99 | 8.01 | 6.88 | 6.29 |
| Preferred return on ClassB, C, and E units | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Loss on early redemption of Fidelity minority interest | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Fixed distribution paid to Preferred Operating Partnership unit holder | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net income (loss) attributable to common stockholders | 481.78 | 419.97 | 415.29 | 479.01 | 366.13 | 189.47 | 178.36 | 172.08 | 117.31 | 50.45 |
| Net income (loss) per common share - Basic | 3.71 | 3.27 | 3.29 | 3.79 | 2.92 | 1.58 | 1.54 | 1.54 | 1.15 | 0.55 |
| Net income (loss) per common share - Diluted | 3.71 | 3.24 | 3.27 | 3.76 | 2.91 | 1.56 | 1.53 | 1.53 | 1.14 | 0.54 |
| Weighted average number of shares - Basic | 129.54 | 128.20 | 126.09 | 125.97 | 125.09 | 119.82 | 115.71 | 111.35 | 101.77 | 91.30 |
| Weighted average number of shares - Diluted | 129.59 | 136.43 | 133.16 | 134.16 | 125.95 | 126.92 | 121.44 | 113.11 | 103.77 | 93.63 |
| Funds From operations | 722.49 | 667.89 | 622.98 | 590.15 | 494.67 | 331.34 | 310.01 | 228.85 | 169.36 | 115.82 |