Lease NPV Analysis
| Expansion | New | Renew | Total | |
| Quarter | Total Portfolio | Total Portfolio | Total Portfolio | Total Portfolio |
| 2005 Q1 | 4.86 | 4.03 | 6.49 | 5.79 |
| 2005 Q2 | 5.94 | 4.53 | 5.08 | 5.07 |
| 2005 Q3 | 5.78 | 4.24 | 8.19 | 7.08 |
| 2005 Q4 | 4.77 | 4.51 | 7.60 | 5.74 |
| 2006 Q1 | 5.71 | 5.09 | 5.88 | 5.65 |
| 2006 Q2 | 4.50 | 4.73 | 6.15 | 5.37 |
| 2006 Q3 | 4.58 | 4.79 | 7.68 | 6.20 |
| 2006 Q4 | 6.42 | 5.10 | 8.02 | 7.42 |
| 2007 Q1 | 7.63 | 4.36 | 9.50 | 7.44 |
| 2007 Q2 | 5.43 | 4.86 | 9.03 | 8.01 |
| 2007 Q3 | 5.89 | 4.60 | 8.02 | 6.53 |
| 2007 Q4 | 7.60 | 6.43 | 7.68 | 7.52 |
| 2008 Q1 | 5.68 | 6.32 | 6.90 | 6.58 |
Weighted average net present value (NPV) of leases signed each quarter using 9% discount rate