FFO, as defined by the National Association of Real Estate Investment Trusts (“NAREIT”), for the nine months ended September 30, 2012, was $61,206,000, or $2.20 per basic and diluted common share, compared with $67,805,000, or $2.45 and $2.44 per basic and diluted common share, respectively, for the same period in 2011. Net income for the nine months ended September 30, 2012, was $49,628,000, or $1.78 per basic and diluted common share compared with net income of $63,018,000, or $2.27 per basic and diluted common share, for the same period in 2011.The reconciliation of net income to FFO, Normalized FFO, FAD and Normalized FAD is included as tables to this press release and is filed on Form 8-K and in our Form 10-Q and supplemental data filed with the Securities and Exchange Commission.
|Full-Year 2012 Range|
|Net income per diluted common share||$||2.48||$||2.49|
|Plus: Real estate depreciation||.53||.55|
|Plus: Loan write-downs||.08||.08|
|Plus: Expenses due to early lease termination and other adjustments||.06||.06|
|Normalized FFO per diluted common share||$||3.15||$||3.18|