Dilution from convertible
preferred stock (0.02) (0.02)
Diluted FFO guidance $2.17 $2.22
Straight-lined rent (0.11) (0.11)
Non-cash stock-based
compensation expense 0.05 0.05
Deferred finance cost
amortization 0.03 0.03
Lease commissions and tenant
and capital improvements (0.06) (0.07)
Diluted FAD guidance $2.08 $2.12
Consolidated Balance Sheets
In thousands
December 31, December 31,
2007 2006
Assets
Real estate related investments:
Land $301,100 $267,303
Buildings and improvements 2,896,876 2,581,484
3,197,976 2,848,787
Less accumulated depreciation (410,865) (372,201)
Net real estate 2,787,111 2,476,586
Mortgage loans receivable, net 121,694 106,929
Investment in unconsolidated
joint venture 52,637 ---
Net real estate related
investments 2,961,442 2,583,515
Cash and cash equivalents 19,407 14,695
Receivables, net 3,808 7,787
Assets held for sale --- 9,484
Other assets 159,696 89,333
Total assets $3,144,353 $2,704,814
Liabilities and Stockholders' Equity
Credit facility
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