FAD and Dividend Coverage

  • FAD of $10.1 million for 4Q07 compared to $7.5 million for 4Q06

  • FAD of $42.4 million for year ended December 31, 2007 compared to $28.9 million for same period of 2006

  • Dividends paid on common stock of $40.2 million for the year ended December 31, 2007 compared to $37.5 million for the same period of 2006

  • $1.8 million for non-revenue producing capital improvements in 4Q07 ($.15 PSF in portfolio); $6.7 million year to date

  • $1.2 million straight line rent adjustment in 4Q07; $3.2 million year to date

  • $34,000 amortization of above market leases in 4Q07; $788,000 year to date

  • $1.9 million for tenant improvements in 4Q07; $8.6 million year to date

  • $2.1 million for leasing commissions in 4Q07; $4.9 million year to date