42 unchanged sentences
On February 19, 2020, our board of directors authorized the repurchase of up to $200 million of shares of our common stock pursuant to the stock repurchase plan between February 2020 and February 2022, at the discretion of management, of which $150.5 million of capacity remained as of December 31, 2021.
−Removed: Index to Financial Statements
−Removed: SELECTED FINANCIAL DATA
−Removed: The following sets forth a summary of our selected financial data as of and for the years ended December 31, 2020, 2019, 2018, 2017, and 2016 (in thousands except for per-share data).
−Removed: Our selected financial data is prepared in accordance with U.S.
−Removed: generally accepted accounting principles (“GAAP”), except as noted below.
−Removed: 2020 2019 2018 2017 2016
−Removed: Statement of Income Data:
−Removed: Total revenues $ 535,024 $ 533,178 $ 525,967 $ 574,173 $ 555,715
−Removed: Property operating costs $ 214,933 $ 211,380 $ 209,338 $ 222,441 $ 220,796
−Removed: Depreciation and amortization $ 203,869 $ 182,681 $ 171,251 $ 194,655 $ 202,852
−Removed: Impairment loss on real estate assets $ — $ 8,953 $ — $ 46,461 $ 33,901
−Removed: General and administrative expenses $ 27,464 $ 37,895 $ 29,713 $ 29,319 $ 27,382
−Removed: Interest and other expense $ (61,739) $ (60,023) $ (61,065) $ (63,622) $ (64,477)
−Removed: Gain on sale of real estate assets $ 205,666 $ 197,010 $ 75,691 $ 115,874 $ 93,410
−Removed: Net income $ 232,685 $ 229,256 $ 130,291 $ 133,549 $ 99,717
−Removed: Per-Share Data:
−Removed: Per weighted-average common share data:
−Removed: Income from continuing operations per share—basic and diluted $ 1.85 $ 1.82 $ 1.00 $ 0.92 $ 0.69
−Removed: Cash dividends declared per common share $ 0.84 $ 0.84 $ 0.84 $ 1.34 $ 0.84
−Removed: Weighted-average shares outstanding—basic (in thousands) 125,730 125,709 130,161 145,044 145,230
−Removed: Weighted-average shares outstanding—diluted (in thousands) 126,104 126,182 130,636 145,380 145,635
−Removed: Balance Sheet Data (at period end):
−Removed: Total assets $ 3,739,810 $ 3,516,757 $ 3,592,429 $ 3,999,967 $ 4,368,168
−Removed: Total stockholders’ equity $ 1,897,961 $ 1,818,974 $ 1,712,140 $ 1,986,489 $ 2,097,703
−Removed: Outstanding debt $ 1,622,004 $ 1,481,404 $ 1,685,472 $ 1,726,927 $ 2,020,475
−Removed: NAREIT Funds from Operations Data (1) :
−Removed: GAAP net income applicable to common stock $ 232,688 $ 229,261 $ 130,296 $ 133,564 $ 99,732
−Removed: Depreciation and amortization 202,568 181,721 170,348 193,904 202,268
−Removed: Impairment loss
−Removed: — 8,953 — 46,461 33,901
−Removed: Gain on sale- wholly-owned properties and unconsolidated partnerships
−Removed: (205,666) (197,010) (75,691) (119,557) (93,410)
−Removed: NAREIT Funds From Operations applicable to common stock (1)
−Removed: $ 229,590 $ 222,925 $ 224,953 $ 254,372 $ 242,491
−Removed: Retirement and separation expenses associated with senior management transition in June 2019
−Removed: — 3,175 — — —
−Removed: Acquisition costs — — — 6 976
−Removed: Loss on extinguishment of debt 9,336 — 1,680 — —
−Removed: Net recoveries of casualty loss and litigation settlements — — — — (34)
−Removed: Core Funds From Operations applicable to common stock (1)
−Removed: $ 238,926 $ 226,100 $ 226,633 $ 254,378 $ 243,433
−Removed: Amortization of debt issuance costs, fair market adjustments on notes payable, and discount on Senior Notes
−Removed: 2,833 2,101 2,083 2,496 2,610
−Removed: Depreciation of non real estate assets 1,216 872 813 809 841
−Removed: Straight-line effects of lease revenue and net effect of amortization of below-market in-place lease intangibles
−Removed: (34,885) (18,734) (21,595) (28,067) (26,609)
−Removed: Stock-based compensation adjustments 7,014 5,030 7,528 6,139 5,620
−Removed: Acquisition costs — — — (6) (976)
−Removed: Non-incremental capital expenditures (77,682) (49,653) (44,004) (35,437) (35,568)
−Removed: Adjusted Funds From Operations applicable to common stock (1)
−Removed: $ 137,422 $ 165,716 $ 171,458 $ 200,312 $ 189,351
−Removed: (1) Net income calculated in accordance with GAAP is the starting point for calculating Funds from Operations, Core Funds From Operations, and Adjusted Funds From Operations.
−Removed: See " Item 7.
−Removed: Management's Discussion and Analysis of Financial Condition and Results of Operations — Funds from Operations, Core Funds from Operations, and Adjusted Funds From Operations" below for a description and reconciliation of the calculations as presented.
+Added: On February 17, 2022, our board of directors extended the existing stock repurchase authorization through February 2024.
Index to Financial Statements
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.