| |
December 31, |
|
December 31, |
|
December 31, |
| (In thousands) |
2003 |
|
2002 |
|
2001 |
 |
| Common shares outstanding |
|
52,881 |
|
|
|
51,836 |
|
|
|
51,965 |
|
| Operating partnership units |
|
5,606 |
|
|
|
5,668 |
|
|
|
5,973 |
|
| Convertible preferred shares |
|
— |
|
|
|
— |
|
|
|
80 |
|
|
|
| |
|
58,487 |
|
|
|
57,504 |
|
|
|
58,018 |
|
| Share price |
$ |
29.78 |
|
|
$ |
25.05 |
|
|
$ |
30.10 |
|
| Market value of common equity |
$ |
1,741,743 |
|
|
$ |
1,440,475 |
|
|
$ |
1,746,342 |
|
| Preferred equity |
|
201,250 |
|
|
|
254,518 |
|
|
|
400,000 |
|
| Total debt excluding bond discounts |
|
|
|
|
|
|
|
|
|
|
|
| and fair value of interest rate swaps |
|
1,733,540 |
|
|
|
1,607,356 |
|
|
|
1,405,382 |
|
|
|
| Total market capitalization |
$ |
3,676,533 |
|
|
$ |
3,302,349 |
|
|
$ |
3,551,724 |
|
|
|
| Total debt (per above) |
|
1,733,540 |
|
|
|
1,607,356 |
|
|
|
1,405,382 |
|
| Total market capitalization (per above) |
|
3,676,533 |
|
|
|
3,302,349 |
|
|
|
3,551,724 |
|
| Total debt/Total market capitalization |
|
47.2 |
% |
|
|
48.7 |
% |
|
|
39.6 |
% |
