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483.88 388.50 Td ($31.9 ) Tj ET Q q 0 0 0 rg BT 514.47 388.50 Td (million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 545.64 388.50 Td (. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 364.30 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 67.50 364.30 Td (Added ) Tj ET Q q 0 0 0 rg BT 101.01 364.30 Td (the ) Tj ET Q q 0 0 0 rg BT 118.00 364.30 Td (Company's ) Tj ET Q q 0 0 0 rg BT 174.38 364.30 Td (eighth ) Tj ET Q q 0 0 0 rg BT 206.05 364.30 Td (Participating ) Tj ET Q q 0 0 0 rg BT 268.28 364.30 Td (Regional ) Tj ET Q q 0 0 0 rg BT 313.40 364.30 Td (Operator ) Tj ET Q q 0 0 0 rg BT 358.51 364.30 Td (\("PRO"\), ) Tj ET Q q 0 0 0 rg BT 402.24 364.30 Td (Personal ) Tj ET Q q 0 0 0 rg BT 447.35 364.30 Td (Mini ) Tj ET Q q 0 0 0 rg BT 469.22 364.30 Td (Storage ) Tj ET Q q 0 0 0 rg BT 509.44 364.30 Td (of ) Tj ET Q q 0 0 0 rg BT 520.32 364.30 Td (Orlando, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 67.50 351.10 Td (Florida. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 326.90 Td (Arlen 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503.5 m 562 503.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 501.5 m 562 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 488.5 m 394 488.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 486.5 m 394 486.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 488.5 m 478 488.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 486.5 m 478 486.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 488.5 m 562 488.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 486.5 m 562 486.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 682.12 Td (\($ in thousands, except per share and unit data\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 363.55 682.12 Td (Three Months Ended March 31,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 342.35 667.12 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 426.35 667.12 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 504.00 667.12 Td (Growth) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 652.12 Td (Net income) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 316.50 652.12 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 365.10 652.12 Td (7,181) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 400.50 652.12 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 449.10 652.12 Td (4,802) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.75 652.12 Td (49.5) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 552.60 652.12 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 622.12 Td (Funds From Operations \("FFO"\)) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 203.76 626.89 Td (\(1\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 316.50 622.12 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 359.55 622.12 Td (21,155) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 400.50 622.12 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 443.55 622.12 Td (11,238) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.75 622.12 Td (88.2) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 552.60 622.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 607.12 Td (Add back acquisition costs and NSA's share of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.00 597.12 Td (unconsolidated venture acquisition costs) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.45 597.12 Td (163) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.10 597.12 Td (1,288) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 526.45 597.12 Td (\(87.3) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 549.25 597.12 Td (\)%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 65.00 582.12 Td (Core FFO) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 110.56 586.89 Td (\(1\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 316.50 582.12 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 359.55 582.12 Td (21,318) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 400.50 582.12 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 443.55 582.12 Td (12,526) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.75 582.12 Td (70.2) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 552.60 582.12 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 552.12 Td (Earnings \(loss\) per share - basic) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 316.50 552.12 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 370.65 552.12 Td (0.01) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 400.50 552.12 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 454.65 552.12 Td (0.10) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 526.45 552.12 Td (\(90.0) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 549.25 552.12 Td (\)%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 537.12 Td (Earnings \(loss\) per share - diluted) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 316.50 537.12 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 370.65 537.12 Td (0.01) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 400.50 537.12 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 454.65 537.12 Td (0.07) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 526.45 537.12 Td (\(85.7) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 549.25 537.12 Td (\)%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 507.12 Td (FFO per share and unit) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 160.96 511.89 Td (\(1\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 316.50 507.12 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 370.65 507.12 Td (0.29) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 400.50 507.12 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 454.65 507.12 Td (0.23) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.75 507.12 Td (26.1) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 552.60 507.12 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 492.12 Td (Core FFO per share and unit) Tj ET Q BT /F3 10.00 Tf ET BT /F3 6.50 Tf ET q 0 0 0 rg BT 186.52 496.89 Td (\(1\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 316.50 492.12 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 370.65 492.12 Td (0.29) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 400.50 492.12 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 454.65 492.12 Td (0.25) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.75 492.12 Td (16.0) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 552.60 492.12 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 11.00 Tf ET BT /F2 7.15 Tf ET q 0 0 0 rg BT 49.50 467.05 Td (\(1\) ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 60.24 467.05 Td ( ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 62.24 467.05 Td (Non-GAAP) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 97.47 467.05 Td ( ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 99.47 467.05 Td (financial ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 127.70 467.05 Td (measures, ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 163.07 467.05 Td (including ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 193.29 467.05 Td (FFO, ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 211.57 467.05 Td (Core ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 229.06 467.05 Td (FFO ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 245.36 467.05 Td (and ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 259.28 467.05 Td (NOI, ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 275.98 467.05 Td (are ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 288.31 467.05 Td (reconciled ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 322.90 467.05 Td (to ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 330.86 467.05 Td (their ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 346.77 467.05 Td (most ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 364.26 467.05 Td (directly ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 388.90 467.05 Td (comparable ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 428.26 467.05 Td (GAAP) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 447.99 467.05 Td ( ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 449.99 467.05 Td (measure ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 479.80 467.05 Td (and ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 493.73 467.05 Td (defined ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 519.19 467.05 Td (\(together ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 549.80 467.05 Td (with ) Tj ET Q BT /F2 11.00 Tf ET BT /F2 7.15 Tf ET q 0 0 0 rg BT 63.00 453.85 Td (other ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 81.28 453.85 Td (words ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 102.34 453.85 Td (and ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 116.25 453.85 Td (phrases ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 143.67 453.85 Td (used ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 161.16 453.85 Td (herein\) ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 185.40 453.85 Td (in ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 192.95 453.85 Td (the ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 204.88 453.85 Td (Schedules ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 240.25 453.85 Td (to ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 248.20 453.85 Td (this ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 261.31 453.85 Td (press ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 280.78 453.85 Td (release ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 306.22 453.85 Td (and ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 320.13 453.85 Td (in ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 327.68 453.85 Td (the ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 339.61 453.85 Td (supplemental ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 384.12 453.85 Td (financial ) Tj ET Q BT /F2 7.15 Tf ET q 0 0 0 rg BT 412.33 453.85 Td (information.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 429.40 Td (First) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 70.88 429.40 Td ( ) Tj ET Q q 0 0 0 rg BT 74.25 429.40 Td (quarter ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 112.47 429.40 Td (2017) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 136.94 429.40 Td ( ) Tj ET Q q 0 0 0 rg BT 140.31 429.40 Td (net ) Tj ET Q q 0 0 0 rg BT 158.96 429.40 Td (income ) Tj ET Q q 0 0 0 rg BT 197.79 429.40 Td (increased ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 248.85 429.40 Td ($2.4 ) Tj ET Q q 0 0 0 rg BT 273.63 429.40 Td (million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 304.80 429.40 Td (, ) Tj ET Q q 0 0 0 rg BT 311.23 429.40 Td (driven ) Tj ET Q q 0 0 0 rg BT 344.55 429.40 Td (primarily ) Tj ET Q q 0 0 0 rg BT 389.48 429.40 Td (by ) Tj ET Q q 0 0 0 rg BT 404.46 429.40 Td (incremental ) Tj ET Q q 0 0 0 rg BT 464.68 429.40 Td (NOI ) Tj ET Q q 0 0 0 rg BT 487.61 429.40 Td (generated ) Tj ET Q q 0 0 0 rg BT 540.52 429.40 Td (from ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 416.20 Td (95 ) Tj ET Q q 0 0 0 rg BT 64.39 416.20 Td (self ) Tj ET Q q 0 0 0 rg BT 84.16 416.20 Td (storage ) Tj ET Q q 0 0 0 rg BT 123.51 416.20 Td (properties ) Tj ET Q q 0 0 0 rg BT 175.08 416.20 Td (acquired ) Tj ET Q q 0 0 0 rg BT 219.93 416.20 Td (between ) Tj ET Q q 0 0 0 rg BT 263.64 416.20 Td (April ) Tj ET Q q 0 0 0 rg BT 288.30 416.20 Td (1, ) Tj ET Q q 0 0 0 rg BT 300.13 416.20 Td (2016 ) Tj ET Q q 0 0 0 rg BT 327.26 416.20 Td (and ) Tj ET Q q 0 0 0 rg BT 348.26 416.20 Td (March ) Tj ET Q q 0 0 0 rg BT 381.48 416.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 399.43 416.20 Td (2017 ) Tj ET Q q 0 0 0 rg BT 426.55 416.20 Td (and ) Tj ET Q q 0 0 0 rg BT 447.56 416.20 Td (same ) Tj ET Q q 0 0 0 rg BT 477.11 416.20 Td (store ) Tj ET Q q 0 0 0 rg BT 504.22 416.20 Td (NOI ) Tj ET Q q 0 0 0 rg BT 526.43 416.20 Td (growth, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 403.00 Td (partially ) Tj ET Q q 0 0 0 rg BT 89.02 403.00 Td (of) Tj ET Q q 0 0 0 rg BT 97.99 403.00 Td (fset ) Tj ET Q q 0 0 0 rg BT 117.34 403.00 Td (by ) Tj ET Q q 0 0 0 rg BT 130.57 403.00 Td (increases ) Tj ET Q q 0 0 0 rg BT 179.26 403.00 Td (in ) Tj ET Q q 0 0 0 rg BT 189.43 403.00 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 250.98 403.00 Td (and ) Tj ET Q q 0 0 0 rg BT 270.94 403.00 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 335.53 403.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 373.21 403.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 416.41 403.00 Td (and ) Tj ET Q q 0 0 0 rg BT 436.38 403.00 Td (general ) Tj ET Q q 0 0 0 rg BT 474.69 403.00 Td (and ) Tj ET Q q 0 0 0 rg BT 494.65 403.00 Td (administrative ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 389.80 Td (expenses. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 370.60 Td (First) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 70.88 370.60 Td ( ) Tj ET Q q 0 0 0 rg BT 75.04 370.60 Td (quarter ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 114.04 370.60 Td (2017) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 138.51 370.60 Td ( ) Tj ET Q q 0 0 0 rg BT 142.67 370.60 Td (basic ) Tj ET Q q 0 0 0 rg BT 172.50 370.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 218.85 370.60 Td (per ) Tj ET Q q 0 0 0 rg BT 238.90 370.60 Td (share ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 270.58 370.60 Td (decreased) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 321.94 370.60 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 326.10 370.60 Td ($0.09) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 353.63 370.60 Td ( ) Tj ET Q q 0 0 0 rg BT 357.78 370.60 Td (per ) Tj ET Q q 0 0 0 rg BT 377.83 370.60 Td (share ) Tj ET Q q 0 0 0 rg BT 409.50 370.60 Td (and ) Tj ET Q q 0 0 0 rg BT 432.01 370.60 Td (diluted ) Tj ET Q q 0 0 0 rg BT 468.58 370.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 514.93 370.60 Td (per ) Tj ET Q q 0 0 0 rg BT 534.98 370.60 Td (share ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 357.40 Td (decreased) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 100.87 357.40 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 103.81 357.40 Td ($0.06) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 131.34 357.40 Td ( ) Tj ET Q q 0 0 0 rg BT 134.29 357.40 Td (per ) Tj ET Q q 0 0 0 rg BT 153.13 357.40 Td (share. ) Tj ET Q q 0 0 0 rg BT 186.65 357.40 Td (In ) Tj ET Q q 0 0 0 rg BT 198.77 357.40 Td (addition ) Tj ET Q q 0 0 0 rg BT 240.25 357.40 Td (to ) Tj ET Q q 0 0 0 rg BT 252.37 357.40 Td (the ) Tj ET Q q 0 0 0 rg BT 270.60 357.40 Td (items ) Tj ET Q q 0 0 0 rg BT 299.83 357.40 Td (af) Tj ET Q q 0 0 0 rg BT 308.81 357.40 Td (fecting ) Tj ET Q q 0 0 0 rg BT 344.16 357.40 Td (net ) Tj ET Q q 0 0 0 rg BT 362.40 357.40 Td (income ) Tj ET Q q 0 0 0 rg BT 400.80 357.40 Td (described ) Tj ET Q q 0 0 0 rg BT 451.45 357.40 Td (above, ) Tj ET Q q 0 0 0 rg BT 487.42 357.40 Td (the ) Tj ET Q q 0 0 0 rg BT 505.66 357.40 Td (comparison ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 344.20 Td (of ) Tj ET Q q 0 0 0 rg BT 61.21 344.20 Td (earnings ) Tj ET Q q 0 0 0 rg BT 105.93 344.20 Td (per ) Tj ET Q q 0 0 0 rg BT 124.36 344.20 Td (share ) Tj ET Q q 0 0 0 rg BT 154.41 344.20 Td (amounts ) Tj ET Q q 0 0 0 rg BT 199.13 344.20 Td (between ) Tj ET Q q 0 0 0 rg BT 243.26 344.20 Td (periods ) Tj ET Q q 0 0 0 rg BT 281.87 344.20 Td (is ) Tj ET Q q 0 0 0 rg BT 292.34 344.20 Td (af) Tj ET Q q 0 0 0 rg BT 301.32 344.20 Td (fected ) Tj ET Q q 0 0 0 rg BT 333.81 344.20 Td (by ) Tj ET Q q 0 0 0 rg BT 347.96 344.20 Td (the ) Tj ET Q q 0 0 0 rg BT 365.79 344.20 Td (allocation ) Tj ET Q q 0 0 0 rg BT 414.80 344.20 Td (of ) Tj ET Q q 0 0 0 rg BT 426.50 344.20 Td (net ) Tj ET Q q 0 0 0 rg BT 444.33 344.20 Td (income ) Tj ET Q q 0 0 0 rg BT 482.32 344.20 Td (to ) Tj ET Q q 0 0 0 rg BT 494.02 344.20 Td (noncontrolling ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 331.00 Td (interests ) Tj ET Q q 0 0 0 rg BT 93.78 331.00 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 139.29 331.00 Td (to ) Tj ET Q q 0 0 0 rg BT 151.17 331.00 Td (GAAP) Tj ET Q q 0 0 0 rg BT 180.31 331.00 Td (. ) Tj ET Q q 0 0 0 rg BT 185.54 331.00 Td (Additional ) Tj ET Q q 0 0 0 rg BT 236.56 331.00 Td (information ) Tj ET Q q 0 0 0 rg BT 293.67 331.00 Td (on ) Tj ET Q q 0 0 0 rg BT 308.61 331.00 Td (NSA's ) Tj ET Q q 0 0 0 rg BT 341.54 331.00 Td (allocation ) Tj ET Q q 0 0 0 rg BT 390.72 331.00 Td (of ) Tj ET Q q 0 0 0 rg BT 402.59 331.00 Td (net ) Tj ET Q q 0 0 0 rg BT 420.59 331.00 Td (income ) Tj ET Q q 0 0 0 rg BT 458.75 331.00 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 488.34 331.00 Td (can ) Tj ET Q q 0 0 0 rg BT 508.78 331.00 Td (be ) Tj ET Q q 0 0 0 rg BT 523.72 331.00 Td (found ) Tj ET Q q 0 0 0 rg BT 553.95 331.00 Td (in ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 317.80 Td (the ) Tj ET Q q 0 0 0 rg BT 69.98 317.80 Td (Glossary ) Tj ET Q q 0 0 0 rg BT 118.57 317.80 Td (to ) Tj ET Q q 0 0 0 rg BT 132.94 317.80 Td (the ) Tj ET Q q 0 0 0 rg BT 153.42 317.80 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 224.04 317.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 269.59 317.80 Td (information ) Tj ET Q q 0 0 0 rg BT 329.20 317.80 Td (under ) Tj ET Q q 0 0 0 rg BT 362.52 317.80 Td ("Hypothetical ) Tj ET Q q 0 0 0 rg BT 432.15 317.80 Td (Liquidation ) Tj ET Q q 0 0 0 rg BT 490.56 317.80 Td (at ) Tj ET Q q 0 0 0 rg BT 504.92 317.80 Td (Book ) Tj ET Q q 0 0 0 rg BT 535.18 317.80 Td (V) Tj ET Q q 0 0 0 rg BT 541.70 317.80 Td (alue ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 304.60 Td (Method.") Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 285.40 Td (First) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 70.88 285.40 Td ( ) Tj ET Q q 0 0 0 rg BT 72.92 285.40 Td (quarter ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 109.81 285.40 Td (2017) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 134.28 285.40 Td ( ) Tj ET Q q 0 0 0 rg BT 136.31 285.40 Td (FFO ) Tj ET Q q 0 0 0 rg BT 160.34 285.40 Td (per ) Tj ET Q q 0 0 0 rg BT 178.28 285.40 Td (share ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 207.83 285.40 Td (increase) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 249.41 285.40 Td (d ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 257.56 285.40 Td (26.1%) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 288.75 285.40 Td ( ) Tj ET Q q 0 0 0 rg BT 290.79 285.40 Td (and ) Tj ET Q q 0 0 0 rg BT 311.17 285.40 Td (Core ) Tj ET Q q 0 0 0 rg BT 337.05 285.40 Td (FFO ) Tj ET Q q 0 0 0 rg BT 361.08 285.40 Td (per ) Tj ET Q q 0 0 0 rg BT 379.02 285.40 Td (share ) Tj ET Q q 0 0 0 rg BT 408.57 285.40 Td (increased ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 458.30 285.40 Td (16.0%) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 489.49 285.40 Td (. ) Tj ET Q q 0 0 0 rg BT 494.45 285.40 Td (The ) Tj ET Q q 0 0 0 rg BT 515.44 285.40 Td (increases ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 272.20 Td (in ) Tj ET Q q 0 0 0 rg BT 61.90 272.20 Td (FFO ) Tj ET Q q 0 0 0 rg BT 87.74 272.20 Td (and ) Tj ET Q q 0 0 0 rg BT 109.94 272.20 Td (Core ) Tj ET Q q 0 0 0 rg BT 137.62 272.20 Td (FFO ) Tj ET Q q 0 0 0 rg BT 163.46 272.20 Td (were ) Tj ET Q q 0 0 0 rg BT 191.15 272.20 Td (primarily ) Tj ET Q q 0 0 0 rg BT 236.54 272.20 Td (the ) Tj ET Q q 0 0 0 rg BT 255.68 272.20 Td (result ) Tj ET Q q 0 0 0 rg BT 286.42 272.20 Td (of ) Tj ET Q q 0 0 0 rg BT 299.44 272.20 Td ($10.6 ) Tj ET Q q 0 0 0 rg BT 330.81 272.20 Td (million ) Tj ET Q q 0 0 0 rg BT 365.82 272.20 Td (of ) Tj ET Q q 0 0 0 rg BT 378.84 272.20 Td (incremental ) Tj ET Q q 0 0 0 rg BT 439.54 272.20 Td (NOI ) Tj ET Q q 0 0 0 rg BT 462.94 272.20 Td (from ) Tj ET Q q 0 0 0 rg BT 488.78 272.20 Td (95 ) Tj ET Q q 0 0 0 rg BT 504.86 272.20 Td (self ) Tj ET Q q 0 0 0 rg BT 525.82 272.20 Td (storage ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 259.00 Td (properties ) Tj ET Q q 0 0 0 rg BT 100.96 259.00 Td (acquired ) Tj ET Q q 0 0 0 rg BT 145.70 259.00 Td (between ) Tj ET Q q 0 0 0 rg BT 189.33 259.00 Td (April ) Tj ET Q q 0 0 0 rg BT 213.88 259.00 Td (1, ) Tj ET Q q 0 0 0 rg BT 225.60 259.00 Td (2016 ) Tj ET Q q 0 0 0 rg BT 252.62 259.00 Td (and ) Tj ET Q q 0 0 0 rg BT 273.52 259.00 Td (March ) Tj ET Q q 0 0 0 rg BT 306.62 259.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 324.46 259.00 Td (2017, ) Tj ET Q q 0 0 0 rg BT 354.53 259.00 Td (same ) Tj ET Q q 0 0 0 rg BT 383.98 259.00 Td (store ) Tj ET Q q 0 0 0 rg BT 410.98 259.00 Td (NOI ) Tj ET Q q 0 0 0 rg BT 433.08 259.00 Td (growth ) Tj ET Q q 0 0 0 rg BT 468.64 259.00 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 480.36 259.00 Td ($2.4 ) Tj ET Q q 0 0 0 rg BT 504.32 259.00 Td (million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 535.49 259.00 Td (, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 541.09 259.00 Td ($1.8 ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 245.80 Td (million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 80.67 245.80 Td ( ) Tj ET Q q 0 0 0 rg BT 83.82 245.80 Td (of ) Tj ET Q q 0 0 0 rg BT 96.14 245.80 Td (management ) Tj ET Q q 0 0 0 rg BT 163.50 245.80 Td (fees ) Tj ET Q q 0 0 0 rg BT 187.44 245.80 Td (and ) Tj ET Q q 0 0 0 rg BT 208.94 245.80 Td (other ) Tj ET Q q 0 0 0 rg BT 237.16 245.80 Td (revenue ) Tj ET Q q 0 0 0 rg BT 280.06 245.80 Td (and ) Tj ET Q q 0 0 0 rg BT 301.56 245.80 Td ($1.1 ) Tj ET Q q 0 0 0 rg BT 326.12 245.80 Td (million ) Tj ET Q q 0 0 0 rg BT 360.44 245.80 Td (of ) Tj ET Q q 0 0 0 rg BT 372.76 245.80 Td (the ) Tj ET Q q 0 0 0 rg BT 391.20 245.80 Td (Company's ) Tj ET Q q 0 0 0 rg BT 449.03 245.80 Td (share ) Tj ET Q q 0 0 0 rg BT 479.70 245.80 Td (of ) Tj ET Q q 0 0 0 rg BT 492.02 245.80 Td (FFO ) Tj ET Q q 0 0 0 rg BT 517.16 245.80 Td (and ) Tj ET Q q 0 0 0 rg BT 538.66 245.80 Td (Core ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 232.60 Td (FFO ) Tj ET Q q 0 0 0 rg BT 74.41 232.60 Td (from ) Tj ET Q q 0 0 0 rg BT 99.33 232.60 Td (its ) Tj ET Q q 0 0 0 rg BT 113.25 232.60 Td (unconsolidated ) Tj ET Q q 0 0 0 rg BT 190.17 232.60 Td (real ) Tj ET Q q 0 0 0 rg BT 211.43 232.60 Td (estate ) Tj ET Q q 0 0 0 rg BT 244.31 232.60 Td (venture, ) Tj ET Q q 0 0 0 rg BT 286.97 232.60 Td (partially ) Tj ET Q q 0 0 0 rg BT 327.79 232.60 Td (of) Tj ET Q q 0 0 0 rg BT 336.77 232.60 Td (fset ) Tj ET Q q 0 0 0 rg BT 357.42 232.60 Td (by ) Tj ET Q q 0 0 0 rg BT 371.95 232.60 Td (increases ) Tj ET Q q 0 0 0 rg BT 421.95 232.60 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 434.04 232.60 Td ($2.8 ) Tj ET Q q 0 0 0 rg BT 458.37 232.60 Td (million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 489.54 232.60 Td ( ) Tj ET Q q 0 0 0 rg BT 492.46 232.60 Td (of ) Tj ET Q q 0 0 0 rg BT 504.55 232.60 Td (general ) Tj ET Q q 0 0 0 rg BT 544.16 232.60 Td (and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 219.40 Td (administrative ) Tj ET Q q 0 0 0 rg BT 120.74 219.40 Td (expenses, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 174.27 219.40 Td ($2.5 ) Tj ET Q q 0 0 0 rg BT 199.06 219.40 Td (million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 230.24 219.40 Td ( ) Tj ET Q q 0 0 0 rg BT 233.62 219.40 Td (of ) Tj ET Q q 0 0 0 rg BT 246.18 219.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 285.64 219.40 Td (expense ) Tj ET Q q 0 0 0 rg BT 330.61 219.40 Td (and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 352.35 219.40 Td ($1.8 ) Tj ET Q q 0 0 0 rg BT 377.14 219.40 Td (million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 408.31 219.40 Td ( ) Tj ET Q q 0 0 0 rg BT 411.70 219.40 Td (of ) Tj ET Q q 0 0 0 rg BT 424.26 219.40 Td (distributions ) Tj ET Q q 0 0 0 rg BT 486.34 219.40 Td (to ) Tj ET Q q 0 0 0 rg BT 498.90 219.40 Td (subordinated ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 206.20 Td (performance ) Tj ET Q q 0 0 0 rg BT 114.31 206.20 Td (unitholders.) Tj ET Q /GS0 gs q 57.00 0 0 47.00 50.00 732.50 cm /I4 Do Q endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.20 33.25 Td (3) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 49.50 712.00 Td (T) Tj ET Q q 0 0 0 rg BT 55.40 712.00 Td (otal ) Tj ET Q q 0 0 0 rg BT 78.02 712.00 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 150.74 712.00 Td (Portfolio ) Tj ET Q q 0 0 0 rg BT 199.01 712.00 Td (Operating ) Tj ET Q q 0 0 0 rg BT 254.02 712.00 Td (Results) Tj ET Q 0.6745098039215687 0.6745098039215687 0.6745098039215687 rg /GS0 gs 49.00 692.50 265.00 -15.00 re f /GS0 gs 0.6745098039215687 0.6745098039215687 0.6745098039215687 rg /GS0 gs 314.00 692.50 248.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 661.50 265.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.00 661.50 80.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 661.50 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 661.50 80.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 661.50 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 661.50 80.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 629.50 265.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.00 629.50 80.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 629.50 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 629.50 80.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 629.50 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 629.50 80.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 597.50 265.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.00 597.50 80.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 597.50 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 597.50 80.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 597.50 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 597.50 80.00 -16.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 677.5 m 394 677.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394 677.5 m 398 677.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 677.5 m 478 677.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 677.5 m 482 677.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 677.5 m 562 677.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 661.5 m 394 661.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 661.5 m 478 661.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 677.5 m 562 677.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 661.5 m 562 661.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 661.5 m 394 661.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 661.5 m 478 661.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 629.5 m 394 629.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 629.5 m 478 629.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 629.5 m 394 629.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 614.5 m 394 614.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 612.5 m 394 612.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 629.5 m 478 629.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 614.5 m 478 614.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 612.5 m 478 612.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 629.5 m 562 629.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 614.5 m 562 614.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 612.5 m 562 612.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 582.5 m 394 582.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 580.5 m 394 580.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 582.5 m 478 582.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 580.5 m 478 580.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 582.5 m 562 582.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 580.5 m 562 580.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 557.5 m 394 557.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 555.5 m 394 555.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 557.5 m 478 557.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 555.5 m 478 555.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 557.5 m 562 557.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 555.5 m 562 555.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 682.12 Td (\($ in thousands, except per square foot data\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 363.55 682.12 Td (Three Months Ended March 31,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 342.35 666.12 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 426.35 666.12 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 504.00 666.12 Td (Growth) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 650.12 Td (Total rental and other property-related revenue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.50 650.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.00 650.12 Td (59,725) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.50 650.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.00 650.12 Td (39,649) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.75 650.12 Td (50.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 552.60 650.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 634.12 Td (Property operating expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.00 634.12 Td (19,749) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.00 634.12 Td (13,277) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.75 634.12 Td (48.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 552.60 634.12 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 618.12 Td (Net Operating Income \(NOI\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 316.50 618.12 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 354.00 618.12 Td (39,976) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 400.50 618.12 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 438.00 618.12 Td (26,372) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 529.75 618.12 Td (51.6) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 552.60 618.12 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 586.12 Td (Average Occupancy) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 365.10 586.12 Td (88.3) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 384.60 586.12 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 449.10 586.12 Td (88.7) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 468.60 586.12 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 532.00 586.12 Td (\(0.4) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 549.25 586.12 Td (\)%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 571.12 Td (Average Annualized Rental Revenue Per Occupied) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 65.00 561.12 Td (Square Foot) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 316.50 561.12 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 359.55 561.12 Td (11.36) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 400.50 561.12 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 443.55 561.12 Td (10.63) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 535.30 561.12 Td (6.9) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 552.60 561.12 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 534.80 Td (First) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 70.88 534.80 Td ( ) Tj ET Q q 0 0 0 rg BT 73.81 534.80 Td (quarter ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 111.58 534.80 Td (2017) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 136.06 534.80 Td ( ) Tj ET Q q 0 0 0 rg BT 138.98 534.80 Td (total ) Tj ET Q q 0 0 0 rg BT 162.70 534.80 Td (rental ) Tj ET Q q 0 0 0 rg BT 193.14 534.80 Td (and ) Tj ET Q q 0 0 0 rg BT 214.42 534.80 Td (other ) Tj ET Q q 0 0 0 rg BT 242.41 534.80 Td (property-related ) Tj ET Q q 0 0 0 rg BT 322.99 534.80 Td (revenue ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 365.66 534.80 Td (increase) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 407.24 534.80 Td (d ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 416.28 534.80 Td (50.6%) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 447.47 534.80 Td (, ) Tj ET Q q 0 0 0 rg BT 453.45 534.80 Td (driven ) Tj ET Q q 0 0 0 rg BT 486.34 534.80 Td (by ) Tj ET Q q 0 0 0 rg BT 500.88 534.80 Td ($16.4 ) Tj ET Q q 0 0 0 rg BT 531.33 534.80 Td (million ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 521.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.99 521.60 Td (incremental ) Tj ET Q q 0 0 0 rg BT 120.17 521.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 167.74 521.60 Td (from ) Tj ET Q q 0 0 0 rg BT 192.06 521.60 Td (95 ) Tj ET Q q 0 0 0 rg BT 206.62 521.60 Td (self ) Tj ET Q q 0 0 0 rg BT 226.06 521.60 Td (storage ) Tj ET Q q 0 0 0 rg BT 265.07 521.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 316.30 521.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 360.82 521.60 Td (between ) Tj ET Q q 0 0 0 rg BT 404.27 521.60 Td (April ) Tj ET Q q 0 0 0 rg BT 428.59 521.60 Td (1, ) Tj ET Q q 0 0 0 rg BT 440.09 521.60 Td (2016 ) Tj ET Q q 0 0 0 rg BT 466.88 521.60 Td (and ) Tj ET Q q 0 0 0 rg BT 487.55 521.60 Td (March ) Tj ET Q q 0 0 0 rg BT 520.43 521.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 538.05 521.60 Td (2017 ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 508.40 Td (and ) Tj ET Q q 0 0 0 rg BT 70.91 508.40 Td (a ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 80.08 508.40 Td ($2.6 ) Tj ET Q q 0 0 0 rg BT 104.55 508.40 Td (million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 135.72 508.40 Td ( ) Tj ET Q q 0 0 0 rg BT 138.78 508.40 Td (increase ) Tj ET Q q 0 0 0 rg BT 183.41 508.40 Td (in ) Tj ET Q q 0 0 0 rg BT 195.03 508.40 Td (same ) Tj ET Q q 0 0 0 rg BT 224.98 508.40 Td (store ) Tj ET Q q 0 0 0 rg BT 252.50 508.40 Td (total ) Tj ET Q q 0 0 0 rg BT 276.34 508.40 Td (revenues.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 483.20 Td (First) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 70.88 483.20 Td ( ) Tj ET Q q 0 0 0 rg BT 76.57 483.20 Td (quarter ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 117.12 483.20 Td (2017) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 141.59 483.20 Td ( ) Tj ET Q q 0 0 0 rg BT 147.28 483.20 Td (total ) Tj ET Q q 0 0 0 rg BT 173.76 483.20 Td (property ) Tj ET Q q 0 0 0 rg BT 219.80 483.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 271.36 483.20 Td (expenses ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 324.14 483.20 Td (increase) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 365.72 483.20 Td (d ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 377.52 483.20 Td (48.7%) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 408.71 483.20 Td ( ) Tj ET Q q 0 0 0 rg BT 414.40 483.20 Td (resulting ) Tj ET Q q 0 0 0 rg BT 461.67 483.20 Td (from ) Tj ET Q q 0 0 0 rg BT 489.36 483.20 Td ($5.8 ) Tj ET Q q 0 0 0 rg BT 516.46 483.20 Td (million ) Tj ET Q q 0 0 0 rg BT 553.32 483.20 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 470.00 Td (incremental ) Tj ET Q q 0 0 0 rg BT 109.83 470.00 Td (property ) Tj ET Q q 0 0 0 rg BT 153.65 470.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 202.98 470.00 Td (expenses ) Tj ET Q q 0 0 0 rg BT 253.54 470.00 Td (generated ) Tj ET Q q 0 0 0 rg BT 306.55 470.00 Td (by ) Tj ET Q q 0 0 0 rg BT 321.64 470.00 Td (95 ) Tj ET Q q 0 0 0 rg BT 337.34 470.00 Td (self ) Tj ET Q q 0 0 0 rg BT 357.92 470.00 Td (storage ) Tj ET Q q 0 0 0 rg BT 398.08 470.00 Td (properties ) Tj ET Q q 0 0 0 rg BT 450.46 470.00 Td (acquired ) Tj ET Q q 0 0 0 rg BT 496.13 470.00 Td (between ) Tj ET Q q 0 0 0 rg BT 540.50 470.00 Td (April ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 456.80 Td (1, ) Tj ET Q q 0 0 0 rg BT 61.73 456.80 Td (2016 ) Tj ET Q q 0 0 0 rg BT 89.26 456.80 Td (and ) Tj ET Q q 0 0 0 rg BT 110.67 456.80 Td (March ) Tj ET Q q 0 0 0 rg BT 144.28 456.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 162.63 456.80 Td (2017, ) Tj ET Q q 0 0 0 rg BT 193.21 456.80 Td (and ) Tj ET Q q 0 0 0 rg BT 214.62 456.80 Td (an ) Tj ET Q q 0 0 0 rg BT 229.92 456.80 Td (increase ) Tj ET Q q 0 0 0 rg BT 274.55 456.80 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 286.78 456.80 Td ($0.2 ) Tj ET Q q 0 0 0 rg BT 311.24 456.80 Td (million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 342.42 456.80 Td ( ) Tj ET Q q 0 0 0 rg BT 345.47 456.80 Td (in ) Tj ET Q q 0 0 0 rg BT 357.09 456.80 Td (same ) Tj ET Q q 0 0 0 rg BT 387.05 456.80 Td (store ) Tj ET Q q 0 0 0 rg BT 414.56 456.80 Td (property ) Tj ET Q q 0 0 0 rg BT 457.97 456.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 506.89 456.80 Td (expenses.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 431.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.00 431.60 Td (otal ) Tj ET Q q 0 0 0 rg BT 74.53 431.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 138.10 431.60 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 179.03 431.60 Td (NOI ) Tj ET Q q 0 0 0 rg BT 200.39 431.60 Td (was ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 221.75 431.60 Td ($40.0 ) Tj ET Q q 0 0 0 rg BT 251.07 431.60 Td (million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 282.25 431.60 Td ( ) Tj ET Q q 0 0 0 rg BT 284.04 431.60 Td (for ) Tj ET Q q 0 0 0 rg BT 298.68 431.60 Td (the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 315.77 431.60 Td (first) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 333.49 431.60 Td ( ) Tj ET Q q 0 0 0 rg BT 335.29 431.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 371.94 431.60 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 382.91 431.60 Td (2017) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 407.38 431.60 Td (, ) Tj ET Q q 0 0 0 rg BT 412.23 431.60 Td (an ) Tj ET Q q 0 0 0 rg BT 426.27 431.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 469.64 431.60 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 480.62 431.60 Td (51.6%) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 511.81 431.60 Td ( ) Tj ET Q q 0 0 0 rg BT 513.60 431.60 Td (compared ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 418.40 Td (to ) Tj ET Q q 0 0 0 rg BT 61.73 418.40 Td (NOI ) Tj ET Q q 0 0 0 rg BT 84.34 418.40 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 96.57 418.40 Td ($26.4 ) Tj ET Q q 0 0 0 rg BT 127.16 418.40 Td (million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 158.33 418.40 Td ( ) Tj ET Q q 0 0 0 rg BT 161.39 418.40 Td (for ) Tj ET Q q 0 0 0 rg BT 177.28 418.40 Td (the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 195.63 418.40 Td (first) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 213.35 418.40 Td ( ) Tj ET Q q 0 0 0 rg BT 216.40 418.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 254.31 418.40 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 266.54 418.40 Td (2016) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 291.01 418.40 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 393.20 Td (NSA's ) Tj ET Q q 0 0 0 rg BT 82.65 393.20 Td (total ) Tj ET Q q 0 0 0 rg BT 106.37 393.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 171.07 393.20 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 213.13 393.20 Td (included ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 257.04 393.20 Td (386) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 275.39 393.20 Td ( ) Tj ET Q q 0 0 0 rg BT 278.32 393.20 Td (self ) Tj ET Q q 0 0 0 rg BT 298.37 393.20 Td (storage ) Tj ET Q q 0 0 0 rg BT 337.99 393.20 Td (properties, ) Tj ET Q q 0 0 0 rg BT 392.89 393.20 Td (approximately ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 464.30 393.20 Td (23.3 ) Tj ET Q q 0 0 0 rg BT 488.64 393.20 Td (million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 519.81 393.20 Td ( ) Tj ET Q q 0 0 0 rg BT 522.75 393.20 Td (rentable ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 380.00 Td (square ) Tj ET Q q 0 0 0 rg BT 86.19 380.00 Td (feet, ) Tj ET Q q 0 0 0 rg BT 110.65 380.00 Td (with ) Tj ET Q q 0 0 0 rg BT 133.27 380.00 Td (period-end ) Tj ET Q q 0 0 0 rg BT 188.92 380.00 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 244.56 380.00 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 256.79 380.00 Td (88.6%) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 287.98 380.00 Td ( ) Tj ET Q q 0 0 0 rg BT 291.04 380.00 Td (as ) Tj ET Q q 0 0 0 rg BT 305.71 380.00 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 317.94 380.00 Td (March31, ) Tj ET Q q 0 0 0 rg BT 369.91 380.00 Td (2017) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 394.38 380.00 Td (.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 49.50 357.80 Td (Same ) Tj ET Q q 0 0 0 rg BT 81.91 357.80 Td (Store ) Tj ET Q q 0 0 0 rg BT 113.08 357.80 Td (Operating ) Tj ET Q q 0 0 0 rg BT 168.09 357.80 Td (Results ) Tj ET Q q 0 0 0 rg BT 210.88 357.80 Td (\(277 ) Tj ET Q q 0 0 0 rg BT 235.95 357.80 Td (Properties\)) Tj ET Q 0.6745098039215687 0.6745098039215687 0.6745098039215687 rg /GS0 gs 49.00 335.30 265.00 -15.00 re f /GS0 gs 0.6745098039215687 0.6745098039215687 0.6745098039215687 rg /GS0 gs 314.00 335.30 248.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 305.30 265.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.00 305.30 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 305.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 305.30 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 305.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 305.30 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 275.30 265.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.00 275.30 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 275.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 275.30 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 275.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 275.30 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 245.30 265.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.00 245.30 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 245.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 245.30 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 245.30 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 245.30 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 215.30 265.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.00 215.30 80.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 215.30 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 215.30 80.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 215.30 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 215.30 80.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 320.29999999999995 m 394 320.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394 320.29999999999995 m 398 320.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 320.29999999999995 m 478 320.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 320.29999999999995 m 482 320.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 320.29999999999995 m 562 320.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 320.29999999999995 m 394 320.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 305.29999999999995 m 394 305.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394 320.29999999999995 m 398 320.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 320.29999999999995 m 478 320.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 305.29999999999995 m 478 305.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 320.29999999999995 m 482 320.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 320.29999999999995 m 562 320.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 305.29999999999995 m 562 305.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 305.29999999999995 m 394 305.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 305.29999999999995 m 478 305.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 305.29999999999995 m 562 305.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 275.29999999999995 m 394 275.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 275.29999999999995 m 478 275.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 275.29999999999995 m 394 275.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 261.29999999999995 m 394 261.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 259.29999999999995 m 394 259.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 275.29999999999995 m 478 275.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 261.29999999999995 m 478 261.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 259.29999999999995 m 478 259.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 275.29999999999995 m 562 275.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 261.29999999999995 m 562 261.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 259.29999999999995 m 562 259.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 259.29999999999995 m 394 259.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 261.29999999999995 m 394 261.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 246.29999999999995 m 394 246.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 244.29999999999995 m 394 244.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 259.29999999999995 m 478 259.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 261.29999999999995 m 478 261.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 246.29999999999995 m 478 246.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 244.29999999999995 m 478 244.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 246.29999999999995 m 562 246.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 244.29999999999995 m 562 244.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 216.29999999999995 m 394 216.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 214.29999999999995 m 394 214.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 216.29999999999995 m 478 216.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 214.29999999999995 m 478 214.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 216.29999999999995 m 562 216.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 214.29999999999995 m 562 214.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 191.29999999999995 m 394 191.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 189.29999999999995 m 394 189.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 191.29999999999995 m 478 191.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 189.29999999999995 m 478 189.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 191.29999999999995 m 562 191.29999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 189.29999999999995 m 562 189.29999999999995 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 324.92 Td (\($ in thousands, except per square foot data\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 363.55 324.92 Td (Three Months Ended March 31,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 342.35 309.92 Td (2017) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 426.35 309.92 Td (2016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 504.00 309.92 Td (Growth) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 294.92 Td (Total rental and other property-related revenue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.50 294.92 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.00 294.92 Td (41,183) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.50 294.92 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.00 294.92 Td (38,623) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.65 294.92 Td (6.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 552.60 294.92 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 279.92 Td (Property operating expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.00 279.92 Td (13,102) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.00 279.92 Td (12,893) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.65 279.92 Td (1.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 552.60 279.92 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 264.92 Td (Net Operating Income \(NOI\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 316.50 264.92 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 354.00 264.92 Td (28,081) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 400.50 264.92 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 438.00 264.92 Td (25,730) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 538.65 264.92 Td (9.1) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 552.60 264.92 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 249.92 Td (NOI Margin) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 365.10 249.92 Td (68.2) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 384.60 249.92 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 449.10 249.92 Td (66.6) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 468.60 249.92 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 538.65 249.92 Td (1.6) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 552.60 249.92 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 219.92 Td (Average Occupancy) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 365.10 219.92 Td (88.7) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 384.60 219.92 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 449.10 219.92 Td (88.7) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 468.60 219.92 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 542.60 219.92 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 552.60 219.92 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 204.92 Td (Average Annualized Rental Revenue Per Occupied) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 65.00 194.92 Td (Square Foot) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 316.50 194.92 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 359.55 194.92 Td (11.32) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 400.50 194.92 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 443.55 194.92 Td (10.67) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 538.65 194.92 Td (6.1) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 552.60 194.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 11.00 Tf ET q 0 0 0 rg BT 49.50 165.60 Td (Investment ) Tj ET Q q 0 0 0 rg BT 110.22 165.60 Td (Activity) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 140.40 Td (During ) Tj ET Q q 0 0 0 rg BT 86.07 140.40 Td (the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 105.53 140.40 Td (first) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 123.24 140.40 Td ( ) Tj ET Q q 0 0 0 rg BT 127.41 140.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 166.43 140.40 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 179.77 140.40 Td (2017) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 204.24 140.40 Td (, ) Tj ET Q q 0 0 0 rg BT 211.46 140.40 Td (NSA) Tj ET Q q 0 0 0 rg BT 233.47 140.40 Td ( ) Tj ET Q q 0 0 0 rg BT 237.63 140.40 Td (invested ) Tj ET Q q 0 0 0 rg BT 282.77 140.40 Td (approximately ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 355.41 140.40 Td ($31.9 ) Tj ET Q q 0 0 0 rg BT 387.10 140.40 Td (million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 418.28 140.40 Td ( ) Tj ET Q q 0 0 0 rg BT 422.44 140.40 Td (in ) Tj ET Q q 0 0 0 rg BT 435.17 140.40 Td (the ) Tj ET Q q 0 0 0 rg BT 454.63 140.40 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 510.77 140.40 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 524.10 140.40 Td (five) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 541.22 140.40 Td ( ) Tj ET Q q 0 0 0 rg BT 545.39 140.40 Td (self ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 127.20 Td (storage ) Tj ET Q q 0 0 0 rg BT 88.79 127.20 Td (properties ) Tj ET Q q 0 0 0 rg BT 140.31 127.20 Td (located ) Tj ET Q q 0 0 0 rg BT 178.38 127.20 Td (in ) Tj ET Q q 0 0 0 rg BT 189.54 127.20 Td (five ) Tj ET Q q 0 0 0 rg BT 209.26 127.20 Td (states. ) Tj ET Q q 0 0 0 rg BT 244.10 127.20 Td (The ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 265.65 127.20 Td (first) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 283.37 127.20 Td ( ) Tj ET Q q 0 0 0 rg BT 285.97 127.20 Td (quarter ) Tj ET Q q 0 0 0 rg BT 323.43 127.20 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 383.50 127.20 Td (encompass ) Tj ET Q q 0 0 0 rg BT 442.35 127.20 Td (approximately ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 513.43 127.20 Td (0.3 ) Tj ET Q q 0 0 0 rg BT 531.32 127.20 Td (million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 562.50 127.20 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 114.00 Td (rentable ) Tj ET Q q 0 0 0 rg BT 92.31 114.00 Td (square ) Tj ET Q q 0 0 0 rg BT 129.00 114.00 Td (feet ) Tj ET Q q 0 0 0 rg BT 150.40 114.00 Td (configured ) Tj ET Q q 0 0 0 rg BT 204.83 114.00 Td (in ) Tj ET Q q 0 0 0 rg BT 216.44 114.00 Td (over ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 240.90 114.00 Td (2,200) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 268.43 114.00 Td ( ) Tj ET Q q 0 0 0 rg BT 271.48 114.00 Td (storage ) Tj ET Q q 0 0 0 rg BT 311.23 114.00 Td (units. ) Tj ET Q /GS0 gs q 57.00 0 0 47.00 50.00 732.50 cm /I5 Do Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.20 33.25 Td (4) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 49.50 712.00 Td (Credit ) Tj ET Q q 0 0 0 rg BT 84.34 712.00 Td (Facility) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 686.80 Td (During ) Tj ET Q q 0 0 0 rg BT 84.19 686.80 Td (February ) Tj ET Q q 0 0 0 rg BT 130.48 686.80 Td (2017, ) Tj ET Q q 0 0 0 rg BT 160.29 686.80 Td (NSA) Tj ET Q q 0 0 0 rg BT 182.30 686.80 Td ( ) Tj ET Q q 0 0 0 rg BT 184.58 686.80 Td (entered ) Tj ET Q q 0 0 0 rg BT 224.17 686.80 Td (into ) Tj ET Q q 0 0 0 rg BT 244.19 686.80 Td (agreements ) Tj ET Q q 0 0 0 rg BT 304.56 686.80 Td (with ) Tj ET Q q 0 0 0 rg BT 326.40 686.80 Td (a ) Tj ET Q q 0 0 0 rg BT 334.80 686.80 Td (syndicated ) Tj ET Q q 0 0 0 rg BT 389.67 686.80 Td (group ) Tj ET Q q 0 0 0 rg BT 420.09 686.80 Td (of ) Tj ET Q q 0 0 0 rg BT 431.54 686.80 Td (lenders ) Tj ET Q q 0 0 0 rg BT 469.90 686.80 Td (to ) Tj ET Q q 0 0 0 rg BT 481.36 686.80 Td (partially ) Tj ET Q q 0 0 0 rg BT 521.55 686.80 Td (exercise ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 673.60 Td (its ) Tj ET Q q 0 0 0 rg BT 63.28 673.60 Td (expansion ) Tj ET Q q 0 0 0 rg BT 116.22 673.60 Td (option ) Tj ET Q q 0 0 0 rg BT 148.97 673.60 Td (under ) Tj ET Q q 0 0 0 rg BT 179.89 673.60 Td (its ) Tj ET Q q 0 0 0 rg BT 193.67 673.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 223.35 673.60 Td (facility) Tj ET Q q 0 0 0 rg BT 253.10 673.60 Td (, ) Tj ET Q q 0 0 0 rg BT 258.94 673.60 Td (increasing ) Tj ET Q q 0 0 0 rg BT 311.86 673.60 Td (total ) Tj ET Q q 0 0 0 rg BT 335.43 673.60 Td (capacity ) Tj ET Q q 0 0 0 rg BT 378.57 673.60 Td (by ) Tj ET Q q 0 0 0 rg BT 392.97 673.60 Td ($170 ) Tj ET Q q 0 0 0 rg BT 420.22 673.60 Td (million ) Tj ET Q q 0 0 0 rg BT 454.18 673.60 Td (for ) Tj ET Q q 0 0 0 rg BT 469.80 673.60 Td (a ) Tj ET Q q 0 0 0 rg BT 478.70 673.60 Td (total ) Tj ET Q q 0 0 0 rg BT 502.28 673.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 531.96 673.60 Td (facility ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 660.40 Td (of ) Tj ET Q q 0 0 0 rg BT 61.85 660.40 Td ($895 ) Tj ET Q q 0 0 0 rg BT 89.50 660.40 Td (million. ) Tj ET Q q 0 0 0 rg BT 126.70 660.40 Td (This ) Tj ET Q q 0 0 0 rg BT 150.66 660.40 Td (expansion ) Tj ET Q q 0 0 0 rg BT 203.98 660.40 Td (increased ) Tj ET Q q 0 0 0 rg BT 254.86 660.40 Td (the ) Tj ET Q q 0 0 0 rg BT 273.33 660.40 Td (total ) Tj ET Q q 0 0 0 rg BT 297.29 660.40 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 348.77 660.40 Td (capacity ) Tj ET Q q 0 0 0 rg BT 392.30 660.40 Td (under ) Tj ET Q q 0 0 0 rg BT 423.62 660.40 Td (NSA's ) Tj ET Q q 0 0 0 rg BT 457.01 660.40 Td (five ) Tj ET Q q 0 0 0 rg BT 477.31 660.40 Td (and ) Tj ET Q q 0 0 0 rg BT 498.84 660.40 Td (six-year ) Tj ET Q q 0 0 0 rg BT 540.52 660.40 Td (term ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 647.20 Td (loan ) Tj ET Q q 0 0 0 rg BT 73.06 647.20 Td (tranches ) Tj ET Q q 0 0 0 rg BT 118.01 647.20 Td (by ) Tj ET Q q 0 0 0 rg BT 132.40 647.20 Td ($10 ) Tj ET Q q 0 0 0 rg BT 153.51 647.20 Td (million ) Tj ET Q q 0 0 0 rg BT 187.45 647.20 Td (and ) Tj ET Q q 0 0 0 rg BT 208.57 647.20 Td ($55 ) Tj ET Q q 0 0 0 rg BT 229.68 647.20 Td (million, ) Tj ET Q q 0 0 0 rg BT 266.68 647.20 Td (respectively) Tj ET Q q 0 0 0 rg BT 323.94 647.20 Td (, ) Tj ET Q q 0 0 0 rg BT 329.76 647.20 Td (and ) Tj ET Q q 0 0 0 rg BT 350.87 647.20 Td (created ) Tj ET Q q 0 0 0 rg BT 390.33 647.20 Td (a ) Tj ET Q q 0 0 0 rg BT 399.21 647.20 Td (new ) Tj ET Q q 0 0 0 rg BT 422.15 647.20 Td ($105 ) Tj ET Q q 0 0 0 rg BT 449.39 647.20 Td (million ) Tj ET Q q 0 0 0 rg BT 483.32 647.20 Td (seven-year ) Tj ET Q q 0 0 0 rg BT 540.50 647.20 Td (term ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 634.00 Td (loan ) Tj ET Q q 0 0 0 rg BT 73.35 634.00 Td (tranche.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 49.50 607.60 Td (Dividends) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 582.40 Td (On ) Tj ET Q q 0 0 0 rg BT 67.33 582.40 Td (February ) Tj ET Q q 0 0 0 rg BT 114.50 582.40 Td (23, ) Tj ET Q q 0 0 0 rg BT 132.95 582.40 Td (2017, ) Tj ET Q q 0 0 0 rg BT 163.63 582.40 Td (NSA's ) Tj ET Q q 0 0 0 rg BT 197.00 582.40 Td (Board ) Tj ET Q q 0 0 0 rg BT 229.51 582.40 Td (of ) Tj ET Q q 0 0 0 rg BT 241.63 582.40 Td (T) Tj ET Q q 0 0 0 rg BT 247.94 582.40 Td (rustees ) Tj ET Q q 0 0 0 rg BT 287.17 582.40 Td (declared ) Tj ET Q q 0 0 0 rg BT 332.52 582.40 Td (a ) Tj ET Q q 0 0 0 rg BT 341.79 582.40 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 387.74 582.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 414.13 582.40 Td (dividend ) Tj ET Q q 0 0 0 rg BT 458.26 582.40 Td (of ) Tj ET Q q 0 0 0 rg BT 470.59 582.40 Td ($0.24 ) Tj ET Q q 0 0 0 rg BT 501.27 582.40 Td (per ) Tj ET Q q 0 0 0 rg BT 520.33 582.40 Td (common ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 569.20 Td (share, ) Tj ET Q q 0 0 0 rg BT 83.13 569.20 Td (which ) Tj ET Q q 0 0 0 rg BT 114.31 569.20 Td (was ) Tj ET Q q 0 0 0 rg BT 136.93 569.20 Td (paid ) Tj ET Q q 0 0 0 rg BT 160.78 569.20 Td (on ) Tj ET Q q 0 0 0 rg BT 176.07 569.20 Td (March30, ) Tj ET Q q 0 0 0 rg BT 228.04 569.20 Td (2017 ) Tj ET Q q 0 0 0 rg BT 255.56 569.20 Td (to ) Tj ET Q q 0 0 0 rg BT 267.79 569.20 Td (holders ) Tj ET Q q 0 0 0 rg BT 306.93 569.20 Td (of ) Tj ET Q q 0 0 0 rg BT 319.16 569.20 Td (record ) Tj ET Q q 0 0 0 rg BT 353.39 569.20 Td (as ) Tj ET Q q 0 0 0 rg BT 368.06 569.20 Td (of ) Tj ET Q q 0 0 0 rg BT 380.29 569.20 Td (March ) Tj ET Q q 0 0 0 rg BT 413.91 569.20 Td (15, ) Tj ET Q q 0 0 0 rg BT 432.26 569.20 Td (2017. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 49.50 544.00 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 124.68 544.00 Td (Financial ) Tj ET Q q 0 0 0 rg BT 175.41 544.00 Td (Information) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 518.80 Td (The ) Tj ET Q q 0 0 0 rg BT 73.02 518.80 Td (full ) Tj ET Q q 0 0 0 rg BT 91.64 518.80 Td (text ) Tj ET Q q 0 0 0 rg BT 113.93 518.80 Td (of ) Tj ET Q q 0 0 0 rg BT 127.66 518.80 Td (this ) Tj ET Q q 0 0 0 rg BT 149.34 518.80 Td (earnings ) Tj ET Q q 0 0 0 rg BT 196.10 518.80 Td (release ) Tj ET Q q 0 0 0 rg BT 236.73 518.80 Td (and ) Tj ET Q q 0 0 0 rg BT 259.65 518.80 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 329.64 518.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 374.56 518.80 Td (information, ) Tj ET Q q 0 0 0 rg BT 436.59 518.80 Td (including ) Tj ET Q q 0 0 0 rg BT 484.57 518.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 522.15 518.80 Td (financial ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 505.60 Td (information ) Tj ET Q q 0 0 0 rg BT 118.95 505.60 Td (referenced ) Tj ET Q q 0 0 0 rg BT 186.58 505.60 Td (in ) Tj ET Q q 0 0 0 rg BT 210.18 505.60 Td (this ) Tj ET Q q 0 0 0 rg BT 242.34 505.60 Td (release, ) Tj ET Q q 0 0 0 rg BT 296.51 505.60 Td (are ) Tj ET Q q 0 0 0 rg BT 327.45 505.60 Td (available ) Tj ET Q q 0 0 0 rg BT 385.90 505.60 Td (on ) Tj ET Q q 0 0 0 rg BT 413.18 505.60 Td (NSA's ) Tj ET Q q 0 0 0 rg BT 458.43 505.60 Td (website ) Tj ET Q q 0 0 0 rg BT 510.77 505.60 Td (at ) Tj ET Q q 0 0 0 rg BT 534.98 505.60 Td (http://) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 492.40 Td (ir) Tj ET Q q 0 0 0 rg BT 55.00 492.40 Td (.nationalstorageaf) Tj ET Q q 0 0 0 rg BT 142.25 492.40 Td (filiates.com/quarterly-reporting ) Tj ET Q q 0 0 0 rg BT 292.40 492.40 Td (and ) Tj ET Q q 0 0 0 rg BT 312.94 492.40 Td (as ) Tj ET Q q 0 0 0 rg BT 326.76 492.40 Td (exhibit ) Tj ET Q q 0 0 0 rg BT 360.75 492.40 Td (99.1 ) Tj ET Q q 0 0 0 rg BT 384.35 492.40 Td (to ) Tj ET Q q 0 0 0 rg BT 395.72 492.40 Td (the ) Tj ET Q q 0 0 0 rg BT 413.21 492.40 Td (Company's ) Tj ET Q q 0 0 0 rg BT 470.08 492.40 Td (Form ) Tj ET Q q 0 0 0 rg BT 497.94 492.40 Td (8-K ) Tj ET Q q 0 0 0 rg BT 517.25 492.40 Td (furnished ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 479.20 Td (to ) Tj ET Q q 0 0 0 rg BT 61.73 479.20 Td (the ) Tj ET Q q 0 0 0 rg BT 80.08 479.20 Td (SEC ) Tj ET Q q 0 0 0 rg BT 105.75 479.20 Td (on ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 121.04 479.20 Td (May3, ) Tj ET Q q 0 0 0 rg BT 157.11 479.20 Td (2017) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 181.58 479.20 Td (.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 49.50 454.00 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 106.13 454.00 Td ( ) Tj ET Q q 0 0 0 rg BT 109.18 454.00 Td (Financial ) Tj ET Q q 0 0 0 rg BT 159.92 454.00 Td (Measures ) Tj ET Q q 0 0 0 rg BT 213.73 454.00 Td (& ) Tj ET Q q 0 0 0 rg BT 224.73 454.00 Td (Glossary) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 428.80 Td (This ) Tj ET Q q 0 0 0 rg BT 76.13 428.80 Td (press ) Tj ET Q q 0 0 0 rg BT 108.89 428.80 Td (release ) Tj ET Q q 0 0 0 rg BT 150.82 428.80 Td (contains ) Tj ET Q q 0 0 0 rg BT 197.64 428.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 236.51 428.80 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 288.90 428.80 Td ( ) Tj ET Q q 0 0 0 rg BT 294.75 428.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 340.96 428.80 Td (measures. ) Tj ET Q q 0 0 0 rg BT 397.79 428.80 Td (These ) Tj ET Q q 0 0 0 rg BT 434.21 428.80 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 486.60 428.80 Td ( ) Tj ET Q q 0 0 0 rg BT 492.45 428.80 Td (measures ) Tj ET Q q 0 0 0 rg BT 546.60 428.80 Td (are ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 415.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 104.67 415.60 Td (because ) Tj ET Q q 0 0 0 rg BT 152.50 415.60 Td (NSA's ) Tj ET Q q 0 0 0 rg BT 188.96 415.60 Td (management ) Tj ET Q q 0 0 0 rg BT 259.41 415.60 Td (believes ) Tj ET Q q 0 0 0 rg BT 306.01 415.60 Td (these ) Tj ET Q q 0 0 0 rg BT 339.16 415.60 Td (measures ) Tj ET Q q 0 0 0 rg BT 393.70 415.60 Td (help ) Tj ET Q q 0 0 0 rg BT 420.74 415.60 Td (investors ) Tj ET Q q 0 0 0 rg BT 471.00 415.60 Td (understand ) Tj ET Q q 0 0 0 rg BT 532.28 415.60 Td (NSA's ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 402.40 Td (business, ) Tj ET Q q 0 0 0 rg BT 98.76 402.40 Td (performance ) Tj ET Q q 0 0 0 rg BT 163.31 402.40 Td (and ) Tj ET Q q 0 0 0 rg BT 184.46 402.40 Td (ability ) Tj ET Q q 0 0 0 rg BT 215.37 402.40 Td (to ) Tj ET Q q 0 0 0 rg BT 227.34 402.40 Td (earn ) Tj ET Q q 0 0 0 rg BT 252.15 402.40 Td (and ) Tj ET Q q 0 0 0 rg BT 273.30 402.40 Td (distribute ) Tj ET Q q 0 0 0 rg BT 320.72 402.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 346.75 402.40 Td (to ) Tj ET Q q 0 0 0 rg BT 358.72 402.40 Td (its ) Tj ET Q q 0 0 0 rg BT 372.51 402.40 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 438.90 402.40 Td (by ) Tj ET Q q 0 0 0 rg BT 453.31 402.40 Td (providing ) Tj ET Q q 0 0 0 rg BT 500.74 402.40 Td (perspectives ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 389.20 Td (not ) Tj ET Q q 0 0 0 rg BT 68.22 389.20 Td (immediately ) Tj ET Q q 0 0 0 rg BT 130.33 389.20 Td (apparent ) Tj ET Q q 0 0 0 rg BT 177.18 389.20 Td (from ) Tj ET Q q 0 0 0 rg BT 202.60 389.20 Td (net ) Tj ET Q q 0 0 0 rg BT 221.32 389.20 Td (income ) Tj ET Q q 0 0 0 rg BT 260.20 389.20 Td (\(loss\). ) Tj ET Q q 0 0 0 rg BT 293.35 389.20 Td (These ) Tj ET Q q 0 0 0 rg BT 327.34 389.20 Td (measures ) Tj ET Q q 0 0 0 rg BT 379.07 389.20 Td (are ) Tj ET Q q 0 0 0 rg BT 398.39 389.20 Td (also ) Tj ET Q q 0 0 0 rg BT 421.99 389.20 Td (frequently ) Tj ET Q q 0 0 0 rg BT 473.73 389.20 Td (used ) Tj ET Q q 0 0 0 rg BT 501.00 389.20 Td (by ) Tj ET Q q 0 0 0 rg BT 516.05 389.20 Td (securities ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 376.00 Td (analysts, ) Tj ET Q q 0 0 0 rg BT 95.90 376.00 Td (investors ) Tj ET Q q 0 0 0 rg BT 142.92 376.00 Td (and ) Tj ET Q q 0 0 0 rg BT 164.26 376.00 Td (other ) Tj ET Q q 0 0 0 rg BT 192.33 376.00 Td (interested ) Tj ET Q q 0 0 0 rg BT 243.63 376.00 Td (parties. ) Tj ET Q q 0 0 0 rg BT 282.51 376.00 Td (The ) Tj ET Q q 0 0 0 rg BT 304.46 376.00 Td (presentation ) Tj ET Q q 0 0 0 rg BT 367.99 376.00 Td (of ) Tj ET Q q 0 0 0 rg BT 380.16 376.00 Td (FFO, ) Tj ET Q q 0 0 0 rg BT 408.21 376.00 Td (Core ) Tj ET Q q 0 0 0 rg BT 435.05 376.00 Td (FFO ) Tj ET Q q 0 0 0 rg BT 460.04 376.00 Td (and ) Tj ET Q q 0 0 0 rg BT 481.38 376.00 Td (NOI ) Tj ET Q q 0 0 0 rg BT 503.94 376.00 Td (in ) Tj ET Q q 0 0 0 rg BT 515.49 376.00 Td (this ) Tj ET Q q 0 0 0 rg BT 535.60 376.00 Td (press ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 362.80 Td (release ) Tj ET Q q 0 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BT 256.79 270.40 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 325.28 270.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 368.69 270.40 Td (information.) 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0 0 rg BT 345.52 479.20 Td (public ) Tj ET Q q 0 0 0 rg BT 377.39 479.20 Td (and ) Tj ET Q q 0 0 0 rg BT 398.88 479.20 Td (private ) Tj ET Q q 0 0 0 rg BT 435.03 479.20 Td (companies ) Tj ET Q q 0 0 0 rg BT 491.35 479.20 Td (in ) Tj ET Q q 0 0 0 rg BT 503.05 479.20 Td (the ) Tj ET Q q 0 0 0 rg BT 521.47 479.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 546.00 479.20 Td (For ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 466.00 Td (more ) Tj ET Q q 0 0 0 rg BT 76.66 466.00 Td (information, ) Tj ET Q q 0 0 0 rg BT 136.22 466.00 Td (please ) Tj ET Q q 0 0 0 rg BT 170.73 466.00 Td (visit ) Tj ET Q q 0 0 0 rg BT 191.77 466.00 Td (the ) Tj ET Q q 0 0 0 rg BT 209.16 466.00 Td (Company) Tj ET Q q 0 0 0 rg BT 258.48 466.00 Td (s ) Tj ET Q q 0 0 0 rg BT 266.08 466.00 Td (website ) Tj ET Q q 0 0 0 rg BT 305.47 466.00 Td (at ) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 316.7373046875 464.431640625 m 482.2314453125 464.431640625 l s q 0 0 1 rg BT 316.74 466.00 Td (www) Tj ET Q q 0 0 1 rg BT 339.96 466.00 Td (.nationalstorageaf) Tj ET Q q 0 0 1 rg BT 427.22 466.00 Td (filiates.com) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 482.23 466.00 Td (. ) Tj ET Q q 0 0 0 rg BT 487.38 466.00 Td (NSA) Tj ET Q q 0 0 0 rg BT 509.39 466.00 Td ( ) Tj ET Q q 0 0 0 rg BT 511.49 466.00 Td (is ) Tj ET Q q 0 0 0 rg BT 521.53 466.00 Td (included ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 452.80 Td (in ) Tj ET Q q 0 0 0 rg BT 61.12 452.80 Td (the ) Tj ET Q q 0 0 0 rg BT 79.47 452.80 Td (MSCI ) Tj ET Q q 0 0 0 rg BT 110.02 452.80 Td (US ) Tj ET Q q 0 0 0 rg BT 128.36 452.80 Td (REIT) Tj ET Q q 0 0 0 rg BT 153.22 452.80 Td ( ) Tj ET Q q 0 0 0 rg BT 156.27 452.80 Td (Index ) Tj ET Q q 0 0 0 rg BT 186.24 452.80 Td (\(RMS/RMZ\) ) Tj ET Q q 0 0 0 rg BT 247.95 452.80 Td (and ) Tj ET Q q 0 0 0 rg BT 269.35 452.80 Td (the ) Tj ET Q q 0 0 0 rg BT 287.70 452.80 Td (Russell ) Tj ET Q q 0 0 0 rg BT 326.83 452.80 Td (2000 ) Tj ET Q q 0 0 0 rg BT 354.35 452.80 Td (Index ) Tj ET Q q 0 0 0 rg BT 384.32 452.80 Td (of ) Tj ET Q q 0 0 0 rg BT 396.55 452.80 Td (Companies.) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 160.55 433.60 Td (NOTE REGARDING FOR) Tj ET Q q 0 0 0 rg BT 287.46 433.60 Td (W) Tj ET Q q 0 0 0 rg BT 297.24 433.60 Td (ARD LOOKING ST) Tj ET Q q 0 0 0 rg BT 391.75 433.60 Td (A) Tj ET Q q 0 0 0 rg BT 398.88 433.60 Td (TEMENTS) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 414.40 Td (Certain ) Tj ET Q q 0 0 0 rg BT 88.54 414.40 Td (statements ) Tj ET Q q 0 0 0 rg BT 145.92 414.40 Td (contained ) Tj ET Q q 0 0 0 rg BT 197.20 414.40 Td (in ) Tj ET Q q 0 0 0 rg BT 209.34 414.40 Td (this ) Tj ET Q q 0 0 0 rg BT 230.03 414.40 Td (press ) Tj ET Q q 0 0 0 rg BT 260.51 414.40 Td (release ) Tj ET Q q 0 0 0 rg BT 300.16 414.40 Td (constitute ) Tj ET Q q 0 0 0 rg BT 350.82 414.40 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 429.60 414.40 Td (statements ) Tj ET Q q 0 0 0 rg BT 486.98 414.40 Td (as ) Tj ET Q q 0 0 0 rg BT 502.18 414.40 Td (such ) Tj ET Q q 0 0 0 rg BT 528.99 414.40 Td (term ) Tj ET Q q 0 0 0 rg BT 554.57 414.40 Td (is ) Tj ET Q BT /F2 11.00 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(beyond ) Tj ET Q q 0 0 0 rg BT 252.25 361.60 Td (the ) Tj ET Q q 0 0 0 rg BT 269.19 361.60 Td (Company's ) Tj ET Q q 0 0 0 rg BT 325.52 361.60 Td (control. ) Tj ET Q q 0 0 0 rg BT 363.13 361.60 Td (These ) Tj ET Q q 0 0 0 rg BT 395.35 361.60 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 472.20 361.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 527.65 361.60 Td (include ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 348.40 Td (information ) Tj ET Q q 0 0 0 rg BT 105.74 348.40 Td (about ) Tj ET Q q 0 0 0 rg BT 135.10 348.40 Td (possible ) Tj ET Q q 0 0 0 rg BT 177.29 348.40 Td (or ) Tj ET Q q 0 0 0 rg BT 188.90 348.40 Td (assumed ) Tj ET Q q 0 0 0 rg BT 235.36 348.40 Td (future ) Tj ET Q q 0 0 0 rg BT 265.32 348.40 Td (results ) Tj ET Q q 0 0 0 rg BT 299.55 348.40 Td (of ) Tj ET Q q 0 0 0 rg BT 310.55 348.40 Td (the ) Tj ET Q q 0 0 0 rg BT 327.67 348.40 Td (Company's ) Tj ET Q q 0 0 0 rg BT 384.18 348.40 Td (business, ) Tj ET Q q 0 0 0 rg BT 432.48 348.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 474.67 348.40 Td (condition, ) Tj ET Q q 0 0 0 rg BT 523.59 348.40 Td (liquidity) Tj ET Q q 0 0 0 rg BT 559.45 348.40 Td (, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 335.20 Td (results ) Tj ET Q q 0 0 0 rg BT 84.06 335.20 Td (of ) Tj ET Q q 0 0 0 rg BT 95.40 335.20 Td (operations, ) Tj ET Q q 0 0 0 rg BT 151.99 335.20 Td (plans ) Tj ET Q q 0 0 0 rg BT 180.45 335.20 Td (and ) Tj ET Q q 0 0 0 rg BT 200.97 335.20 Td (objectives. ) Tj ET Q q 0 0 0 rg BT 255.11 335.20 Td (Changes ) Tj ET Q q 0 0 0 rg BT 301.31 335.20 Td (in ) Tj ET Q q 0 0 0 rg BT 312.03 335.20 Td (any ) Tj ET Q q 0 0 0 rg BT 331.93 335.20 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 404.39 335.20 Td (may ) Tj ET Q q 0 0 0 rg BT 427.34 335.20 Td (cause ) Tj ET Q q 0 0 0 rg BT 458.86 335.20 Td (the ) Tj ET Q q 0 0 0 rg BT 476.31 335.20 Td (Company's ) Tj ET Q q 0 0 0 rg BT 533.16 335.20 Td (actual ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 322.00 Td (results ) Tj ET Q q 0 0 0 rg BT 85.87 322.00 Td (to ) Tj ET Q 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rg BT 237.28 308.80 Td ("anticipate," ) Tj ET Q q 0 0 0 rg BT 298.24 308.80 Td ("estimate," ) Tj ET Q q 0 0 0 rg BT 353.68 308.80 Td ("plan," ) Tj ET Q q 0 0 0 rg BT 388.34 308.80 Td ("continue," ) Tj ET Q q 0 0 0 rg BT 443.80 308.80 Td ("intend," ) Tj ET Q q 0 0 0 rg BT 487.64 308.80 Td ("should," ) Tj ET Q q 0 0 0 rg BT 533.92 308.80 Td ("may" ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 295.60 Td (or ) Tj ET Q q 0 0 0 rg BT 60.81 295.60 Td (similar ) Tj ET Q q 0 0 0 rg BT 94.12 295.60 Td (expressions ) Tj ET Q q 0 0 0 rg BT 154.34 295.60 Td (are ) Tj ET Q q 0 0 0 rg BT 171.77 295.60 Td (intended ) Tj ET Q q 0 0 0 rg BT 215.50 295.60 Td (to ) Tj ET Q q 0 0 0 rg BT 226.21 295.60 Td (identify ) Tj ET Q q 0 0 0 rg BT 262.59 295.60 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 339.32 295.60 Td (statements. ) Tj ET Q q 0 0 0 rg BT 397.71 295.60 Td (Statements ) Tj ET Q q 0 0 0 rg BT 454.88 295.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 502.88 295.60 Td (the ) Tj ET Q q 0 0 0 rg BT 519.71 295.60 Td (following ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 282.40 Td (subjects, ) Tj ET Q q 0 0 0 rg BT 96.29 282.40 Td (among ) Tj ET Q q 0 0 0 rg BT 133.31 282.40 Td (others, ) Tj ET Q q 0 0 0 rg BT 170.32 282.40 Td (may ) Tj ET Q q 0 0 0 rg BT 194.49 282.40 Td (be ) Tj ET Q q 0 0 0 rg BT 210.11 282.40 Td (forward-looking: ) Tj ET Q q 0 0 0 rg BT 291.75 282.40 Td (market ) Tj ET Q q 0 0 0 rg BT 328.75 282.40 Td (trends ) Tj ET Q q 0 0 0 rg BT 362.71 282.40 Td (in ) Tj ET Q q 0 0 0 rg BT 374.65 282.40 Td (the ) Tj ET Q q 0 0 0 rg BT 393.33 282.40 Td (Company's ) Tj ET Q q 0 0 0 rg BT 451.39 282.40 Td (industry) Tj ET Q q 0 0 0 rg BT 489.09 282.40 Td (, ) Tj ET Q q 0 0 0 rg BT 495.53 282.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 534.99 282.40 Td (rates, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 269.20 Td (the ) Tj ET Q q 0 0 0 rg BT 68.13 269.20 Td (debt ) Tj ET Q q 0 0 0 rg BT 92.89 269.20 Td (and ) Tj ET Q q 0 0 0 rg BT 114.58 269.20 Td (lending ) Tj ET Q q 0 0 0 rg 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Tf ET q 0 0 0 rg BT 451.95 588.65 Td (1,881) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.95 588.65 Td (1,148) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 63.50 574.65 Td (Management fees and other revenue) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.95 574.65 Td (1,838) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.50 574.65 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.50 560.65 Td (Total revenue) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.95 560.65 Td (61,563) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.95 560.65 Td (39,649) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 51.50 546.65 Td (OPERATING EXPENSES) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 63.50 532.65 Td (Property operating expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.95 532.65 Td (19,749) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.95 532.65 Td (13,277) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 63.50 518.65 Td (General and administrative expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.95 518.65 Td (7,181) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.95 518.65 Td (4,335) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 63.50 504.65 Td (Depreciation and amortization) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.95 504.65 Td (18,683) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.95 504.65 Td (10,892) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.50 490.65 Td (Total operating expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.95 490.65 Td (45,613) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.95 490.65 Td (28,504) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.50 476.65 Td (Income from operations) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.95 476.65 Td (15,950) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.95 476.65 Td (11,145) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 51.50 462.65 Td (OTHER EXPENSE) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 63.50 448.65 Td (Interest expense) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 448.95 448.65 Td (\(7,471) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.50 448.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET 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q 0 0 0 rg BT 400.50 293.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 456.95 293.65 Td (0.01) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.50 293.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 540.95 293.65 Td (0.10) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 51.50 279.65 Td (Earnings \(loss\) per share - diluted) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 400.50 279.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 456.95 279.65 Td (0.01) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.50 279.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 540.95 279.65 Td (0.07) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 51.50 250.65 Td (Weighted average shares outstanding - basic) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.95 250.65 Td (43,401) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.95 250.65 Td (23,005) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 51.50 236.65 Td (Weighted average shares outstanding - diluted) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.95 236.65 Td (43,401) Tj ET Q BT /F2 9.00 Tf ET 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0.9333333333333333 1 rg /GS0 gs 398.00 519.25 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 519.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 519.25 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 491.25 349.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 491.25 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 491.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 491.25 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 463.25 349.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 463.25 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 463.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 463.25 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 435.25 349.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 435.25 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 435.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 435.25 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 407.25 349.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 407.25 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 407.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 407.25 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 379.25 349.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 379.25 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 379.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 379.25 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 333.25 349.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 333.25 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 333.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 333.25 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 305.25 349.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 305.25 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 305.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 305.25 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 277.25 349.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 277.25 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 277.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 277.25 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 249.25 349.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 249.25 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 249.25 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 249.25 80.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 631.25 m 478 631.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 631.25 m 562 631.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 631.25 m 478 631.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 575.25 m 478 575.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 575.25 m 562 575.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 477.25 m 478 477.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 477.25 m 562 477.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 464.25 m 478 464.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 462.25 m 478 462.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 464.25 m 562 464.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 462.25 m 562 462.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 393.25 m 478 393.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 379.25 m 478 379.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 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/F3 9.00 Tf ET q 0 0 0 rg BT 427.45 634.20 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 511.45 634.20 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 51.50 621.65 Td (ASSETS) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 63.50 607.65 Td (Real estate) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.50 593.65 Td (Self storage properties) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 400.50 593.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 434.45 593.65 Td (1,887,255) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.50 593.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 518.45 593.65 Td (1,844,336) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.50 579.65 Td (Less accumulated depreciation) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 438.95 579.65 Td (\(124,941) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.50 579.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 522.95 579.65 Td (\(110,803) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 558.50 579.65 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 86.00 565.65 Td (Self storage properties, net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 434.45 565.65 Td (1,762,314) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 518.45 565.65 Td (1,733,533) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 63.50 551.65 Td (Cash and cash equivalents) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.95 551.65 Td (14,207) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.95 551.65 Td (12,570) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 63.50 537.65 Td (Restricted cash) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.95 537.65 Td (3,043) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.95 537.65 Td (2,767) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 63.50 523.65 Td (Debt issuance costs, net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.95 523.65 Td (2,836) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.95 523.65 Td (3,069) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 63.50 509.65 Td (Investment in unconsolidated real estate venture) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.95 509.65 Td (79,650) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.95 509.65 Td (81,486) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 63.50 495.65 Td (Other assets, net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.95 495.65 Td (43,681) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.95 495.65 Td (44,730) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 63.50 481.65 Td (Assets held for sale) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.50 481.65 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.95 481.65 Td (13,937) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 87.50 467.65 Td (Total assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 400.50 467.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 434.45 467.65 Td (1,905,731) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.50 467.65 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 518.45 467.65 Td (1,892,092) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 51.50 453.65 Td (LIABILITIES AND EQUITY) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 63.50 439.65 Td (Liabilities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 75.50 425.65 Td (Debt 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gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 478 704.5 m 482 704.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 482 704.5 m 562 704.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49 626.5 m 398 626.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 398 626.5 m 478 626.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 478 626.5 m 482 626.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 482 626.5 m 562 626.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 608.5 m 478 608.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 608.5 m 482 608.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 608.5 m 562 608.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 594.5 m 478 594.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 594.5 m 562 594.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 594.5 m 478 594.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 594.5 m 562 594.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 515.5 m 478 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j 3 M 482 315.5 m 562 315.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 313.5 m 562 313.5 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 709.12 Td (Supplemental Schedule 1) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 690.12 Td (Funds From Operations and Core Funds From Operations) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 675.90 Td (\(in thousands, except per share and unit amounts\) \(unaudited\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 631.12 Td (Reconciliation of Net Income to FFO and Core FFO) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.95 612.90 Td (Three Months Ended March 31,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.45 598.90 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 511.45 598.90 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 51.50 584.90 Td (Net income ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.50 584.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 451.60 584.90 Td (7,181) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.50 584.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.60 584.90 Td (4,802) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 570.90 Td (Add \(subtract\):) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 60.50 556.90 Td (Real estate depreciation and amortization) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.60 556.90 Td (18,243) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.60 556.90 Td (10,779) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 60.50 542.90 Td (Company's share of unconsolidated real estate venture real estate depreciation and) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 69.50 533.90 Td (amortization) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.60 533.90 Td (1,872) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.15 533.90 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 60.50 519.90 Td (FFO attributable to subordinated performance unitholders) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 289.63 524.19 Td ( \(1\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 448.60 519.90 Td (\(6,141) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.15 519.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.60 519.90 Td (\(4,343) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 558.15 519.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.00 505.90 Td (FFO attributable to common shareholders, OP unitholders, and LTIP) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 87.50 496.90 Td (unitholders) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 446.60 496.90 Td (21,155) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.60 496.90 Td (11,238) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 482.90 Td (Add:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 60.50 468.90 Td (Acquisition costs) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 459.10 468.90 Td (144) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.60 468.90 Td (1,288) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 60.50 454.90 Td (Company's share of unconsolidated real estate venture acquisition costs) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.10 454.90 Td (19) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.15 454.90 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.00 440.90 Td (Core FFO attributable to common shareholders, OP unitholders, and LTIP) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 87.50 431.90 Td (unitholders) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.50 431.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 446.60 431.90 Td (21,318) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.50 431.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.60 431.90 Td (12,526) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 51.50 402.90 Td (W) Tj ET Q q 0 0 0 rg BT 59.83 402.90 Td (eighted average shares and units outstanding - FFO and Core FFO:) Tj ET Q BT /F3 9.00 Tf ET BT /F3 5.85 Tf ET q 0 0 0 rg BT 347.37 407.19 Td (\(2\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 388.90 Td (Weighted average shares outstanding - basic) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.60 388.90 Td (43,401) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.60 388.90 Td (23,005) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 374.90 Td (Weighted average restricted common shares outstanding) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.10 374.90 Td (17) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.10 374.90 Td (16) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 360.90 Td (Weighted average OP units outstanding) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.60 360.90 Td (25,959) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.60 360.90 Td (22,235) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 346.90 Td (Weighted average DownREIT OP unit equivalents outstanding) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.60 346.90 Td (1,835) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.60 346.90 Td (1,835) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 332.90 Td (Weighted average LTIP units outstanding) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.60 332.90 Td (1,468) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.60 332.90 Td (2,456) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 60.50 318.90 Td (Total weighted average shares and units outstanding - FFO and Core FFO) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 446.60 318.90 Td (72,680) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.60 318.90 Td (49,547) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 51.50 289.90 Td (FFO per share and unit) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.50 289.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.60 289.90 Td (0.29) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.50 289.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.60 289.90 Td (0.23) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 51.50 275.90 Td (Core FFO per share and unit) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.50 275.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.60 275.90 Td (0.29) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.50 275.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.60 275.90 Td (0.25) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 133.18 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 63.12 133.18 Td ( ) Tj ET Q q 0 0 0 rg BT 64.60 133.18 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 98.02 133.18 Td (represent ) Tj ET Q q 0 0 0 rg BT 133.66 133.18 Td (distributions ) Tj ET Q q 0 0 0 rg BT 178.20 133.18 Td (declared ) Tj ET Q q 0 0 0 rg BT 210.73 133.18 Td (for ) Tj ET Q q 0 0 0 rg BT 221.91 133.18 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 270.02 133.18 Td (performance ) Tj ET Q q 0 0 0 rg BT 316.77 133.18 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 357.76 133.18 Td (and ) Tj ET Q q 0 0 0 rg BT 372.95 133.18 Td (DownREIT) Tj ET Q q 0 0 0 rg BT 411.48 133.18 Td ( ) Tj ET Q q 0 0 0 rg BT 413.33 133.18 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 461.43 133.18 Td (performance ) Tj ET Q q 0 0 0 rg BT 508.19 133.18 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 549.17 133.18 Td (for ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.00 125.18 Td (the ) Tj ET Q q 0 0 0 rg BT 78.34 125.18 Td (periods ) Tj ET Q q 0 0 0 rg BT 106.80 125.18 Td (presented.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 112.18 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 62.67 112.18 Td ( ) Tj ET Q q 0 0 0 rg BT 64.06 112.18 Td (NSA) Tj ET Q q 0 0 0 rg BT 80.07 112.18 Td ( ) Tj ET Q q 0 0 0 rg BT 81.47 112.18 Td (combines ) Tj ET Q q 0 0 0 rg BT 117.10 112.18 Td (OP) Tj ET Q q 0 0 0 rg BT 128.51 112.18 Td ( ) Tj ET Q q 0 0 0 rg BT 129.91 112.18 Td (units ) Tj ET Q q 0 0 0 rg BT 148.20 112.18 Td (and ) Tj ET Q q 0 0 0 rg BT 162.94 112.18 Td (DownREIT) Tj ET Q q 0 0 0 rg BT 201.47 112.18 Td ( ) Tj ET Q q 0 0 0 rg BT 202.86 112.18 Td (OP) Tj ET Q q 0 0 0 rg BT 214.28 112.18 Td ( ) Tj ET Q q 0 0 0 rg BT 215.67 112.18 Td (units ) Tj ET Q q 0 0 0 rg BT 233.96 112.18 Td (with ) Tj ET Q q 0 0 0 rg BT 249.58 112.18 Td (common ) Tj ET Q q 0 0 0 rg BT 281.65 112.18 Td (shares ) Tj ET Q q 0 0 0 rg BT 307.06 112.18 Td (because, ) Tj ET Q q 0 0 0 rg BT 340.92 112.18 Td (after ) Tj ET Q q 0 0 0 rg BT 358.32 112.18 Td (the ) Tj ET Q q 0 0 0 rg BT 370.84 112.18 Td (applicable ) Tj ET Q q 0 0 0 rg BT 408.26 112.18 Td (lock-out ) Tj ET Q q 0 0 0 rg BT 437.66 112.18 Td (periods, ) Tj ET Q q 0 0 0 rg BT 467.52 112.18 Td (OP) Tj ET Q q 0 0 0 rg BT 478.93 112.18 Td ( ) Tj ET Q q 0 0 0 rg BT 480.32 112.18 Td (units ) Tj ET Q q 0 0 0 rg BT 498.62 112.18 Td (in ) Tj ET Q q 0 0 0 rg BT 506.24 112.18 Td (the ) Tj ET Q q 0 0 0 rg BT 518.75 112.18 Td (Company's ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.00 104.18 Td (operating ) Tj ET Q q 0 0 0 rg BT 100.43 104.18 Td (partnership ) Tj ET Q q 0 0 0 rg BT 142.53 104.18 Td (are ) Tj ET Q q 0 0 0 rg BT 156.17 104.18 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 200.49 104.18 Td (for ) Tj ET Q q 0 0 0 rg BT 211.90 104.18 Td (cash ) Tj ET Q q 0 0 0 rg BT 230.87 104.18 Td (or) Tj ET Q q 0 0 0 rg BT 237.54 104.18 Td (, ) Tj ET Q q 0 0 0 rg BT 241.84 104.18 Td (at ) Tj ET Q q 0 0 0 rg BT 250.59 104.18 Td (NSA's ) Tj ET Q q 0 0 0 rg BT 274.64 104.18 Td (option, ) Tj ET Q q 0 0 0 rg BT 300.73 104.18 Td (exchangeable ) Tj ET Q q 0 0 0 rg BT 352.62 104.18 Td (for ) Tj ET Q q 0 0 0 rg BT 364.03 104.18 Td (common ) Tj ET Q q 0 0 0 rg BT 396.78 104.18 Td (shares ) Tj ET Q q 0 0 0 rg BT 422.87 104.18 Td (on ) Tj ET Q q 0 0 0 rg BT 433.84 104.18 Td (a ) Tj ET Q q 0 0 0 rg BT 440.36 104.18 Td (one-for-one ) Tj ET Q q 0 0 0 rg BT 483.80 104.18 Td (basis ) Tj ET Q q 0 0 0 rg BT 504.55 104.18 Td (and ) Tj ET Q q 0 0 0 rg BT 519.97 104.18 Td (DownREIT) Tj ET Q q 0 0 0 rg BT 558.50 104.18 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.00 96.18 Td (OP) Tj ET Q q 0 0 0 rg BT 76.41 96.18 Td ( ) Tj ET Q q 0 0 0 rg BT 78.90 96.18 Td (units ) Tj ET Q q 0 0 0 rg BT 98.28 96.18 Td (are ) Tj ET Q q 0 0 0 rg BT 112.33 96.18 Td (also ) Tj ET Q q 0 0 0 rg BT 129.49 96.18 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 174.22 96.18 Td (for ) Tj ET Q q 0 0 0 rg BT 186.04 96.18 Td (cash ) Tj ET Q q 0 0 0 rg BT 205.43 96.18 Td (or) Tj ET Q q 0 0 0 rg BT 212.10 96.18 Td (, ) Tj ET Q q 0 0 0 rg BT 216.80 96.18 Td (at ) Tj ET Q q 0 0 0 rg BT 225.96 96.18 Td (NSA's ) Tj ET Q q 0 0 0 rg BT 250.42 96.18 Td (option, ) Tj ET Q q 0 0 0 rg BT 276.93 96.18 Td (exchangeable ) Tj ET Q q 0 0 0 rg BT 329.23 96.18 Td (for ) Tj ET Q q 0 0 0 rg BT 341.05 96.18 Td (OP) Tj ET Q q 0 0 0 rg BT 352.46 96.18 Td ( ) Tj ET Q q 0 0 0 rg BT 354.95 96.18 Td (units ) Tj ET Q q 0 0 0 rg BT 374.33 96.18 Td (in ) Tj ET Q q 0 0 0 rg BT 383.04 96.18 Td (our ) Tj ET Q q 0 0 0 rg BT 397.09 96.18 Td (operating ) Tj ET Q q 0 0 0 rg BT 432.93 96.18 Td (partnership ) Tj ET Q q 0 0 0 rg BT 475.44 96.18 Td (on ) Tj ET Q q 0 0 0 rg BT 486.82 96.18 Td (a ) Tj ET Q q 0 0 0 rg BT 493.76 96.18 Td (one-for-one ) Tj ET Q q 0 0 0 rg BT 537.60 96.18 Td (basis, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.00 88.18 Td (subject ) Tj ET Q q 0 0 0 rg BT 92.09 88.18 Td (to ) Tj ET Q q 0 0 0 rg BT 100.51 88.18 Td (certain ) Tj ET Q q 0 0 0 rg BT 126.27 88.18 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 171.15 88.18 Td (in ) Tj ET Q q 0 0 0 rg BT 179.12 88.18 Td (each ) Tj ET Q q 0 0 0 rg BT 198.21 88.18 Td (case. ) Tj ET Q q 0 0 0 rg BT 219.08 88.18 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 268.42 88.18 Td (performance ) Tj ET Q q 0 0 0 rg BT 315.08 88.18 Td (units, ) Tj ET Q q 0 0 0 rg BT 335.95 88.18 Td (DownREIT) Tj ET Q q 0 0 0 rg BT 374.48 88.18 Td ( ) Tj ET Q q 0 0 0 rg BT 376.22 88.18 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 424.23 88.18 Td (performance ) Tj ET Q q 0 0 0 rg BT 470.88 88.18 Td (units, ) Tj ET Q q 0 0 0 rg BT 491.75 88.18 Td (and ) Tj ET Q q 0 0 0 rg BT 506.84 88.18 Td (L) Tj ET Q q 0 0 0 rg BT 510.70 88.18 Td (TIP) Tj ET Q q 0 0 0 rg BT 523.00 88.18 Td ( ) Tj ET Q q 0 0 0 rg BT 524.75 88.18 Td (units ) Tj ET Q q 0 0 0 rg BT 543.39 88.18 Td (may ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.00 80.18 Td (also, ) Tj ET Q q 0 0 0 rg BT 85.52 80.18 Td (under ) Tj ET Q q 0 0 0 rg BT 109.60 80.18 Td (certain ) Tj ET Q q 0 0 0 rg BT 137.24 80.18 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 194.21 80.18 Td (be ) Tj ET Q q 0 0 0 rg BT 206.73 80.18 Td (convertible ) Tj ET Q q 0 0 0 rg BT 249.04 80.18 Td (into ) Tj ET Q q 0 0 0 rg BT 265.56 80.18 Td (or ) Tj ET Q q 0 0 0 rg BT 276.30 80.18 Td (exchangeable ) Tj ET Q q 0 0 0 rg BT 329.74 80.18 Td (for ) Tj ET Q q 0 0 0 rg BT 342.70 80.18 Td (common ) Tj ET Q q 0 0 0 rg BT 377.00 80.18 Td (shares ) Tj ET Q q 0 0 0 rg BT 404.63 80.18 Td (\(or ) Tj ET Q q 0 0 0 rg BT 418.03 80.18 Td (other ) Tj ET Q q 0 0 0 rg BT 439.89 80.18 Td (units ) Tj ET Q q 0 0 0 rg BT 460.41 80.18 Td (that ) Tj ET Q q 0 0 0 rg BT 477.38 80.18 Td (are ) Tj ET Q q 0 0 0 rg BT 492.56 80.18 Td (convertible ) Tj ET Q q 0 0 0 rg BT 534.87 80.18 Td (into ) Tj ET Q q 0 0 0 rg BT 551.39 80.18 Td (or ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.00 72.18 Td (exchangeable ) Tj ET Q q 0 0 0 rg BT 117.86 72.18 Td (for ) Tj ET Q q 0 0 0 rg BT 130.24 72.18 Td (common ) Tj ET Q q 0 0 0 rg BT 163.96 72.18 Td (shares\). ) Tj ET Q q 0 0 0 rg BT 195.90 72.18 Td (See ) Tj ET Q q 0 0 0 rg BT 213.17 72.18 Td (footnote) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 242.09 75.99 Td (\(3\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 248.44 72.18 Td ( ) Tj ET Q q 0 0 0 rg BT 251.49 72.18 Td (for ) Tj ET Q q 0 0 0 rg BT 263.86 72.18 Td (additional ) Tj ET Q q 0 0 0 rg BT 301.16 72.18 Td (discussion ) Tj ET Q q 0 0 0 rg BT 341.55 72.18 Td (of ) Tj ET Q q 0 0 0 rg BT 351.26 72.18 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 400.56 72.18 Td (performance ) Tj ET Q q 0 0 0 rg BT 448.51 72.18 Td (units, ) Tj ET Q q 0 0 0 rg BT 470.68 72.18 Td (DownREIT) Tj ET Q q 0 0 0 rg BT 509.21 72.18 Td ( ) Tj ET Q q 0 0 0 rg BT 512.25 72.18 Td (subordinated ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.00 64.18 Td (performance ) Tj ET Q q 0 0 0 rg BT 112.13 64.18 Td (units, ) Tj ET Q q 0 0 0 rg BT 133.48 64.18 Td (and ) Tj ET Q q 0 0 0 rg BT 149.05 64.18 Td (L) Tj ET Q q 0 0 0 rg BT 152.90 64.18 Td (TIP) Tj ET Q q 0 0 0 rg BT 165.20 64.18 Td ( ) Tj ET Q q 0 0 0 rg BT 167.43 64.18 Td (units ) Tj ET Q q 0 0 0 rg BT 186.55 64.18 Td (in ) Tj ET Q q 0 0 0 rg BT 195.00 64.18 Td (the ) Tj ET Q q 0 0 0 rg BT 208.34 64.18 Td (calculation ) Tj ET Q q 0 0 0 rg BT 248.36 64.18 Td (of ) Tj ET Q q 0 0 0 rg BT 257.26 64.18 Td (FFO ) Tj ET Q q 0 0 0 rg BT 275.48 64.18 Td (and ) Tj ET Q q 0 0 0 rg BT 291.05 64.18 Td (Core ) Tj ET Q q 0 0 0 rg BT 310.61 64.18 Td (FFO ) Tj ET Q q 0 0 0 rg BT 328.83 64.18 Td (per ) Tj ET Q q 0 0 0 rg BT 342.61 64.18 Td (share ) Tj ET Q q 0 0 0 rg BT 364.85 64.18 Td (and ) Tj ET Q q 0 0 0 rg BT 380.42 64.18 Td (unit.) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 57.00 0 0 47.00 50.00 732.50 cm /I10 Do Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.20 33.25 Td (9) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 609.50 349.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 609.50 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 609.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 609.50 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 581.50 349.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 581.50 80.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 581.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 581.50 80.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 544.50 349.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 544.50 80.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 544.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 544.50 80.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 507.50 349.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 507.50 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 507.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 507.50 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 470.50 349.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 470.50 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 470.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 470.50 80.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49 704.5 m 398 704.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 398 704.5 m 478 704.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 478 704.5 m 482 704.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 482 704.5 m 562 704.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49 641.5 m 398 641.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 398 641.5 m 478 641.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 478 641.5 m 482 641.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 482 641.5 m 562 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 623.5 m 478 623.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 623.5 m 482 623.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 623.5 m 562 623.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 609.5 m 478 609.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 609.5 m 562 609.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 609.5 m 478 609.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 609.5 m 562 609.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 507.5 m 478 507.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 507.5 m 562 507.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 507.5 m 478 507.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 507.5 m 562 507.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 470.5 m 478 470.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 470.5 m 562 470.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 470.5 m 478 470.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 457.5 m 478 457.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 455.5 m 478 455.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 470.5 m 562 470.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 457.5 m 562 457.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 455.5 m 562 455.5 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 709.12 Td (Supplemental Schedule 1 \(continued\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 690.12 Td (Funds From Operations and Core Funds From Operations) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 675.90 Td (\(in thousands, except per share and unit amounts\) \(unaudited\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 646.12 Td (Reconciliation of Earnings \(Loss\) Per Share - Diluted to FFO and Core FFO Per Share and Unit) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.95 627.90 Td (Three Months Ended March 31,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.45 613.90 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 511.45 613.90 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 51.50 599.90 Td (Earnings \(loss\) per share - diluted) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.50 599.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.60 599.90 Td (0.01) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.50 599.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.60 599.90 Td (0.07) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 60.50 585.90 Td (Impact of the dif) Tj ET Q q 0 0 0 rg BT 124.37 585.90 Td (ference in weighted average number of shares) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 309.98 590.19 Td (\(3\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 453.60 585.90 Td (\(0.01) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.15 585.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 540.60 585.90 Td (0.03) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 60.50 571.90 Td (Impact of GAAP) Tj ET Q q 0 0 0 rg BT 124.86 571.90 Td ( accounting for noncontrolling interests, two-class method and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 69.50 562.90 Td (treasury stock method) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 158.04 567.19 Td (\(4\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 456.60 562.90 Td (0.09) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.15 562.90 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 60.50 548.90 Td (Add real estate depreciation and amortization) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 456.60 548.90 Td (0.25) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 540.60 548.90 Td (0.22) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 60.50 534.90 Td (Add Company's share of unconsolidated venture real estate depreciation and) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 69.50 525.90 Td (amortization) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 456.60 525.90 Td (0.03) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.15 525.90 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 60.50 511.90 Td (FFO attributable to subordinated performance unitholders) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 453.60 511.90 Td (\(0.08) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.15 511.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 537.60 511.90 Td (\(0.09) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 558.15 511.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.00 497.90 Td (FFO per share and unit) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.60 497.90 Td (0.29) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.60 497.90 Td (0.23) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 60.50 483.90 Td (Add acquisition costs, Company's share of unconsolidated real estate venture) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 69.50 474.90 Td (acquisition costs, and loss on early extinguishment of debt) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.15 474.90 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 540.60 474.90 Td (0.02) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.00 460.90 Td (Core FFO per share and unit) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.50 460.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.60 460.90 Td (0.29) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.50 460.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.60 460.90 Td (0.25) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 146.18 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 63.28 146.18 Td ( ) Tj ET Q q 0 0 0 rg BT 64.89 146.18 Td (Adjustment ) Tj ET Q q 0 0 0 rg BT 106.92 146.18 Td (accounts ) Tj ET Q q 0 0 0 rg BT 140.94 146.18 Td (for ) Tj ET Q q 0 0 0 rg BT 152.28 146.18 Td (the ) Tj ET Q q 0 0 0 rg BT 165.41 146.18 Td (dif) Tj ET Q q 0 0 0 rg BT 173.71 146.18 Td (ference ) Tj ET Q q 0 0 0 rg BT 202.40 146.18 Td (between ) Tj ET Q q 0 0 0 rg BT 234.65 146.18 Td (the ) Tj ET Q q 0 0 0 rg BT 247.78 146.18 Td (weighted ) Tj ET Q q 0 0 0 rg BT 281.81 146.18 Td (average ) Tj ET Q q 0 0 0 rg BT 312.72 146.18 Td (number ) Tj ET Q q 0 0 0 rg BT 341.85 146.18 Td (of ) Tj ET Q q 0 0 0 rg BT 350.53 146.18 Td (shares ) Tj ET Q q 0 0 0 rg BT 376.55 146.18 Td (used ) Tj ET Q q 0 0 0 rg BT 395.90 146.18 Td (to ) Tj ET Q q 0 0 0 rg BT 404.58 146.18 Td (calculate ) Tj ET Q q 0 0 0 rg BT 438.16 146.18 Td (diluted ) Tj ET Q q 0 0 0 rg BT 463.74 146.18 Td (earnings ) Tj ET Q q 0 0 0 rg BT 496.43 146.18 Td (per ) Tj ET Q q 0 0 0 rg BT 510.00 146.18 Td (share ) Tj ET Q q 0 0 0 rg BT 532.02 146.18 Td (and ) Tj ET Q q 0 0 0 rg BT 547.37 146.18 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.00 138.18 Td (weighted ) Tj ET Q q 0 0 0 rg BT 99.22 138.18 Td (average ) Tj ET Q q 0 0 0 rg BT 130.33 138.18 Td (number ) Tj ET Q q 0 0 0 rg BT 159.65 138.18 Td (of ) Tj ET Q q 0 0 0 rg BT 168.52 138.18 Td (shares ) Tj ET Q q 0 0 0 rg BT 194.73 138.18 Td (used ) Tj ET Q q 0 0 0 rg BT 214.28 138.18 Td (to ) Tj ET Q q 0 0 0 rg BT 223.15 138.18 Td (calculate ) Tj ET Q q 0 0 0 rg BT 256.92 138.18 Td (FFO ) Tj ET Q q 0 0 0 rg BT 275.11 138.18 Td (and ) Tj ET Q q 0 0 0 rg BT 290.66 138.18 Td (Core ) Tj ET Q q 0 0 0 rg BT 310.19 138.18 Td (FFO ) Tj ET Q q 0 0 0 rg BT 328.39 138.18 Td (per ) Tj ET Q q 0 0 0 rg BT 342.15 138.18 Td (share ) Tj ET Q q 0 0 0 rg BT 364.36 138.18 Td (and ) Tj ET Q q 0 0 0 rg BT 379.90 138.18 Td (unit. ) Tj ET Q q 0 0 0 rg BT 397.22 138.18 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 424.32 138.18 Td (earnings ) Tj ET Q q 0 0 0 rg BT 457.21 138.18 Td (per ) Tj ET Q q 0 0 0 rg BT 470.97 138.18 Td (share ) Tj ET Q q 0 0 0 rg BT 493.18 138.18 Td (is ) Tj ET Q q 0 0 0 rg BT 501.15 138.18 Td (calculated ) Tj ET Q q 0 0 0 rg BT 539.37 138.18 Td (using ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.00 130.18 Td (the ) Tj ET Q q 0 0 0 rg BT 78.49 130.18 Td (two-class ) Tj ET Q q 0 0 0 rg BT 114.19 130.18 Td (method ) Tj ET Q q 0 0 0 rg BT 143.24 130.18 Td (for ) Tj ET Q q 0 0 0 rg BT 154.94 130.18 Td (the ) Tj ET Q q 0 0 0 rg BT 168.43 130.18 Td (company's ) Tj ET Q q 0 0 0 rg BT 208.78 130.18 Td (restricted ) Tj ET Q q 0 0 0 rg BT 244.04 130.18 Td (common ) Tj ET Q q 0 0 0 rg BT 277.08 130.18 Td (shares, ) Tj ET Q q 0 0 0 rg BT 305.68 130.18 Td (the ) Tj ET Q q 0 0 0 rg BT 319.17 130.18 Td (treasury ) Tj ET Q q 0 0 0 rg BT 350.43 130.18 Td (stock ) Tj ET Q q 0 0 0 rg BT 371.47 130.18 Td (method ) Tj ET Q q 0 0 0 rg BT 400.52 130.18 Td (for ) Tj ET Q q 0 0 0 rg BT 412.22 130.18 Td (certain ) Tj ET Q q 0 0 0 rg BT 438.59 130.18 Td (unvested ) Tj ET Q q 0 0 0 rg BT 473.43 130.18 Td (L) Tj ET Q q 0 0 0 rg BT 477.28 130.18 Td (TIP) Tj ET Q q 0 0 0 rg BT 489.58 130.18 Td ( ) Tj ET Q q 0 0 0 rg BT 491.95 130.18 Td (units, ) Tj ET Q q 0 0 0 rg BT 513.43 130.18 Td (and ) Tj ET Q q 0 0 0 rg BT 529.15 130.18 Td (includes ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.00 122.18 Td (the ) Tj ET Q q 0 0 0 rg BT 78.56 122.18 Td (assumption ) Tj ET Q q 0 0 0 rg BT 121.91 122.18 Td (of ) Tj ET Q q 0 0 0 rg BT 131.02 122.18 Td (a ) Tj ET Q q 0 0 0 rg BT 137.90 122.18 Td (hypothetical ) Tj ET Q q 0 0 0 rg BT 183.04 122.18 Td (conversion ) Tj ET Q q 0 0 0 rg BT 224.16 122.18 Td (of ) Tj ET Q q 0 0 0 rg BT 233.27 122.18 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 281.96 122.18 Td (performance ) Tj ET Q q 0 0 0 rg BT 329.31 122.18 Td (units, ) Tj ET Q q 0 0 0 rg BT 350.87 122.18 Td (DownREIT) Tj ET Q q 0 0 0 rg BT 389.40 122.18 Td ( ) Tj ET Q q 0 0 0 rg BT 391.84 122.18 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 440.54 122.18 Td (performance ) Tj ET Q q 0 0 0 rg BT 487.88 122.18 Td (units ) Tj ET Q q 0 0 0 rg BT 507.22 122.18 Td (and ) Tj ET Q q 0 0 0 rg BT 523.00 122.18 Td (L) Tj ET Q q 0 0 0 rg BT 526.86 122.18 Td (TIP) Tj ET Q q 0 0 0 rg BT 539.16 122.18 Td ( ) Tj ET Q q 0 0 0 rg BT 541.60 122.18 Td (units ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.00 114.18 Td (into ) Tj ET Q q 0 0 0 rg BT 79.70 114.18 Td (OP) Tj ET Q q 0 0 0 rg BT 91.12 114.18 Td ( ) Tj ET Q q 0 0 0 rg BT 92.92 114.18 Td (units, ) Tj ET Q q 0 0 0 rg BT 113.84 114.18 Td (even ) Tj ET Q q 0 0 0 rg BT 133.00 114.18 Td (though ) Tj ET Q q 0 0 0 rg BT 159.27 114.18 Td (such ) Tj ET Q q 0 0 0 rg BT 177.97 114.18 Td (units ) Tj ET Q q 0 0 0 rg BT 196.67 114.18 Td (may ) Tj ET Q q 0 0 0 rg BT 213.59 114.18 Td (only ) Tj ET Q q 0 0 0 rg BT 230.07 114.18 Td (be ) Tj ET Q q 0 0 0 rg BT 240.77 114.18 Td (convertible ) Tj ET Q q 0 0 0 rg BT 281.26 114.18 Td (into ) Tj ET Q q 0 0 0 rg BT 295.96 114.18 Td (OP) Tj ET Q q 0 0 0 rg BT 307.38 114.18 Td ( ) Tj ET Q q 0 0 0 rg BT 309.18 114.18 Td (units ) Tj ET Q q 0 0 0 rg BT 327.88 114.18 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 336.79 114.18 Td (after ) Tj ET Q q 0 0 0 rg BT 354.61 114.18 Td (a ) Tj ET Q q 0 0 0 rg BT 360.86 114.18 Td (lock-out ) Tj ET Q q 0 0 0 rg BT 390.67 114.18 Td (period ) Tj ET Q q 0 0 0 rg BT 414.72 114.18 Td (and ) Tj ET Q q 0 0 0 rg BT 429.87 114.18 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 440.55 114.18 Td (upon ) Tj ET Q q 0 0 0 rg BT 460.15 114.18 Td (certain ) Tj ET Q q 0 0 0 rg BT 485.97 114.18 Td (events ) Tj ET Q q 0 0 0 rg BT 511.34 114.18 Td (or ) Tj ET Q q 0 0 0 rg BT 520.26 114.18 Td (conditions. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.00 106.18 Td (For ) Tj ET Q q 0 0 0 rg BT 79.43 106.18 Td (additional ) Tj ET Q q 0 0 0 rg BT 116.11 106.18 Td (information ) Tj ET Q q 0 0 0 rg BT 158.11 106.18 Td (about ) Tj ET Q q 0 0 0 rg BT 180.56 106.18 Td (the ) Tj ET Q q 0 0 0 rg BT 194.11 106.18 Td (conversion ) Tj ET Q q 0 0 0 rg BT 235.22 106.18 Td (of ) Tj ET Q q 0 0 0 rg BT 244.33 106.18 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 293.01 106.18 Td (performance ) Tj ET Q q 0 0 0 rg BT 340.35 106.18 Td (units ) Tj ET Q q 0 0 0 rg BT 359.68 106.18 Td (and ) Tj ET Q q 0 0 0 rg BT 375.45 106.18 Td (DownREIT) Tj ET Q q 0 0 0 rg BT 413.99 106.18 Td ( ) Tj ET Q q 0 0 0 rg BT 416.41 106.18 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 465.10 106.18 Td (performance ) Tj ET Q q 0 0 0 rg BT 512.44 106.18 Td (units ) Tj ET Q q 0 0 0 rg BT 531.77 106.18 Td (into ) Tj ET Q q 0 0 0 rg BT 547.09 106.18 Td (OP) Tj ET Q q 0 0 0 rg BT 558.51 106.18 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.00 98.18 Td (units, ) Tj ET Q q 0 0 0 rg BT 86.96 98.18 Td (see ) Tj ET Q q 0 0 0 rg BT 102.70 98.18 Td (Note ) Tj ET Q q 0 0 0 rg BT 122.43 98.18 Td (10 ) Tj ET Q q 0 0 0 rg BT 134.17 98.18 Td (to ) Tj ET Q q 0 0 0 rg BT 143.68 98.18 Td (the ) Tj ET Q q 0 0 0 rg BT 157.64 98.18 Td (Company's ) Tj ET Q q 0 0 0 rg BT 200.24 98.18 Td (most ) Tj ET Q q 0 0 0 rg BT 220.41 98.18 Td (recent ) Tj ET Q q 0 0 0 rg BT 244.92 98.18 Td (Annual ) Tj ET Q q 0 0 0 rg BT 272.67 98.18 Td (Report ) Tj ET Q q 0 0 0 rg BT 299.52 98.18 Td (on ) Tj ET Q q 0 0 0 rg BT 311.26 98.18 Td (Form ) Tj ET Q q 0 0 0 rg BT 332.76 98.18 Td (10-K, ) Tj ET Q q 0 0 0 rg BT 354.72 98.18 Td (filed ) Tj ET Q q 0 0 0 rg BT 372.23 98.18 Td (with ) Tj ET Q q 0 0 0 rg BT 389.30 98.18 Td (the ) Tj ET Q q 0 0 0 rg BT 403.25 98.18 Td (Securities ) Tj ET Q q 0 0 0 rg BT 441.22 98.18 Td (and ) Tj ET Q q 0 0 0 rg BT 457.40 98.18 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 495.82 98.18 Td (Commission. ) Tj ET Q q 0 0 0 rg BT 544.71 98.18 Td (The ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.00 90.18 Td (computation ) Tj ET Q q 0 0 0 rg BT 110.57 90.18 Td (of ) Tj ET Q q 0 0 0 rg BT 119.23 90.18 Td (weighted ) Tj ET Q q 0 0 0 rg BT 153.25 90.18 Td (average ) Tj ET Q q 0 0 0 rg BT 184.15 90.18 Td (shares ) Tj ET Q q 0 0 0 rg BT 210.15 90.18 Td (and ) Tj ET Q q 0 0 0 rg BT 225.49 90.18 Td (units ) Tj ET Q q 0 0 0 rg BT 244.38 90.18 Td (for ) Tj ET Q q 0 0 0 rg BT 255.70 90.18 Td (FFO ) Tj ET Q q 0 0 0 rg BT 273.69 90.18 Td (and ) Tj ET Q q 0 0 0 rg BT 289.03 90.18 Td (Core ) Tj ET Q q 0 0 0 rg BT 308.36 90.18 Td (FFO ) Tj ET Q q 0 0 0 rg BT 326.34 90.18 Td (per ) Tj ET Q q 0 0 0 rg BT 339.90 90.18 Td (share ) Tj ET Q q 0 0 0 rg BT 361.90 90.18 Td (and ) Tj ET Q q 0 0 0 rg BT 377.24 90.18 Td (unit ) Tj ET Q q 0 0 0 rg BT 392.13 90.18 Td (includes ) Tj ET Q q 0 0 0 rg BT 423.47 90.18 Td (all ) Tj ET Q q 0 0 0 rg BT 433.46 90.18 Td (restricted ) Tj ET Q q 0 0 0 rg BT 468.35 90.18 Td (common ) Tj ET Q q 0 0 0 rg BT 501.02 90.18 Td (shares ) Tj ET Q q 0 0 0 rg BT 527.02 90.18 Td (and ) Tj ET Q q 0 0 0 rg BT 542.36 90.18 Td (L) Tj ET Q q 0 0 0 rg BT 546.21 90.18 Td (TIP) Tj ET Q q 0 0 0 rg BT 558.51 90.18 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.00 82.18 Td (units ) Tj ET Q q 0 0 0 rg BT 83.54 82.18 Td (that ) Tj ET Q q 0 0 0 rg BT 98.52 82.18 Td (participate ) Tj ET Q q 0 0 0 rg BT 137.08 82.18 Td (in ) Tj ET Q q 0 0 0 rg BT 144.94 82.18 Td (distributions ) Tj ET Q q 0 0 0 rg BT 189.27 82.18 Td (and ) Tj ET Q q 0 0 0 rg BT 204.26 82.18 Td (excludes ) Tj ET Q q 0 0 0 rg BT 237.48 82.18 Td (all ) Tj ET Q q 0 0 0 rg BT 247.12 82.18 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 295.02 82.18 Td (performance ) Tj ET Q q 0 0 0 rg BT 341.57 82.18 Td (units ) Tj ET Q q 0 0 0 rg BT 360.11 82.18 Td (and ) Tj ET Q q 0 0 0 rg BT 375.10 82.18 Td (DownREIT) Tj ET Q q 0 0 0 rg BT 413.63 82.18 Td ( ) Tj ET Q q 0 0 0 rg BT 415.27 82.18 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 463.17 82.18 Td (performance ) Tj ET Q q 0 0 0 rg BT 509.72 82.18 Td (units ) Tj ET Q q 0 0 0 rg BT 528.26 82.18 Td (because ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.00 74.18 Td (their ) Tj ET Q q 0 0 0 rg BT 82.79 74.18 Td (ef) Tj ET Q q 0 0 0 rg BT 89.31 74.18 Td (fect ) Tj ET Q q 0 0 0 rg BT 104.43 74.18 Td (has ) Tj ET Q q 0 0 0 rg BT 119.55 74.18 Td (been ) Tj ET Q q 0 0 0 rg BT 139.57 74.18 Td (accounted ) Tj ET Q q 0 0 0 rg BT 178.71 74.18 Td (for ) Tj ET Q q 0 0 0 rg BT 190.27 74.18 Td (through ) Tj ET Q q 0 0 0 rg BT 219.63 74.18 Td (the ) Tj ET Q q 0 0 0 rg BT 232.97 74.18 Td (allocation ) Tj ET Q q 0 0 0 rg BT 268.99 74.18 Td (of ) Tj ET Q q 0 0 0 rg BT 277.89 74.18 Td (FFO ) Tj ET Q q 0 0 0 rg BT 296.11 74.18 Td (to ) Tj ET Q q 0 0 0 rg BT 305.00 74.18 Td (the ) Tj ET Q q 0 0 0 rg BT 318.34 74.18 Td (related ) Tj ET Q q 0 0 0 rg BT 345.03 74.18 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 386.39 74.18 Td (based ) Tj ET Q q 0 0 0 rg BT 410.41 74.18 Td (on ) Tj ET Q q 0 0 0 rg BT 421.53 74.18 Td (distributions ) Tj ET Q q 0 0 0 rg BT 466.44 74.18 Td (declared.) 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j 3 M 694 524.5 m 742 524.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49 469.5 m 214 469.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 214 469.5 m 218 469.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 218 469.5 m 272 469.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 272 469.5 m 276 469.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 276 469.5 m 330 469.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 330 469.5 m 334 469.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 334 469.5 m 388 469.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 388 469.5 m 392 469.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 392 469.5 m 446 469.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 446 469.5 m 450 469.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 450 469.5 m 516 469.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 516 469.5 m 520 469.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 520 469.5 m 586 469.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 586 469.5 m 590 469.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 590 469.5 m 638 469.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 638 469.5 m 642 469.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 642 469.5 m 690 469.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 690 469.5 m 694 469.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 694 469.5 m 742 469.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 443.5 m 272 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276 443.5 m 330 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 443.5 m 388 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 443.5 m 446 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 443.5 m 516 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520 443.5 m 586 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 590 443.5 m 638 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 642 443.5 m 690 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 690 443.5 m 694 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 694 443.5 m 742 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 430.5 m 214 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 443.5 m 272 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 430.5 m 272 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272 443.5 m 276 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276 443.5 m 330 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276 430.5 m 330 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 443.5 m 388 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 430.5 m 388 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 443.5 m 392 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 443.5 m 446 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 430.5 m 446 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 443.5 m 516 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 430.5 m 516 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 443.5 m 520 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520 443.5 m 586 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520 430.5 m 586 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 590 443.5 m 638 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 590 430.5 m 638 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 638 443.5 m 642 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 642 443.5 m 690 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 642 430.5 m 690 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 690 443.5 m 694 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 694 443.5 m 742 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 694 430.5 m 742 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 430.5 m 214 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 430.5 m 272 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276 430.5 m 330 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 430.5 m 388 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 430.5 m 446 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 430.5 m 516 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520 430.5 m 586 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 590 430.5 m 638 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 642 430.5 m 690 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 694 430.5 m 742 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 694 209.5 m 742 209.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 209.5 m 272 209.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276 209.5 m 330 209.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 209.5 m 388 209.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 209.5 m 446 209.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 209.5 m 516 209.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520 209.5 m 586 209.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 590 209.5 m 638 209.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 642 209.5 m 690 209.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 694 209.5 m 742 209.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 168.5 m 272 168.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276 168.5 m 330 168.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 168.5 m 388 168.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 168.5 m 446 168.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 168.5 m 516 168.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520 168.5 m 586 168.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 590 168.5 m 638 168.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 642 168.5 m 690 168.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 694 168.5 m 742 168.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 142.5 m 272 142.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 140.5 m 272 140.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276 142.5 m 330 142.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276 140.5 m 330 140.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 142.5 m 388 142.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 140.5 m 388 140.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 142.5 m 446 142.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 140.5 m 446 140.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 142.5 m 516 142.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450 140.5 m 516 140.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520 142.5 m 586 142.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520 140.5 m 586 140.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 590 142.5 m 638 142.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 590 140.5 m 638 140.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 642 142.5 m 690 142.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 642 140.5 m 690 140.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 694 142.5 m 742 142.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 694 140.5 m 742 140.5 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 529.12 Td (Supplemental Schedule 3) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 510.12 Td (Portfolio Summary) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 495.90 Td (\(dollars in thousands\) \(unaudited\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 474.12 Td (Total Consolidated and Unconsolidated Property Portfolio) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 231.65 456.31 Td (Stores at Period End) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 253.85 447.81 Td (March 31,) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 350.25 456.31 Td (Units at Period End ) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 369.85 447.81 Td (March 31,) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 454.65 456.31 Td (Rentable Square Feet at Period) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 488.65 447.81 Td (End March 31,) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 593.20 447.81 Td (Occupancy at Period End March 31,) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 120.60 434.81 Td (State) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 235.00 434.81 Td (2017) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 293.00 434.81 Td (2016) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 351.00 434.81 Td (2017) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 409.00 434.81 Td (2016) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 473.00 434.81 Td (2017) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 543.00 434.81 Td (2016) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 604.00 434.81 Td (2017) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 656.00 434.81 Td (2016) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 702.60 434.81 Td (Growth) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 421.81 Td (California) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 259.15 421.81 Td (77) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 317.15 421.81 Td (48) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 358.65 421.81 Td (46,456) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 416.65 421.81 Td (27,843) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 474.80 421.86 Td (5,820,640) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 544.80 421.81 Td (3,550,061) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 613.35 421.81 Td (90.9) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 629.90 421.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 665.35 421.81 Td (90.7) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 681.90 421.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 719.25 421.81 Td (0.2) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 733.90 421.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 408.81 Td (Oregon) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 259.15 408.81 Td (56) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 317.15 408.81 Td (50) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 358.65 408.81 Td (22,721) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 416.65 408.81 Td (20,210) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 474.80 408.86 Td (2,864,932) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 544.80 408.81 Td (2,523,318) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 613.35 408.81 Td (89.2) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 629.90 408.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 665.35 408.81 Td (92.5) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 681.90 408.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 716.45 408.81 Td (\(3.3) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 731.10 408.81 Td (\)%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 395.81 Td (Texas) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 259.15 395.81 Td (52) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 317.15 395.81 Td (49) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 358.65 395.81 Td (20,306) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 416.65 395.81 Td (18,952) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 474.80 395.86 Td (2,861,018) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 544.80 395.81 Td (2,691,717) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 613.35 395.81 Td (87.6) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 629.90 395.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 665.35 395.81 Td (87.8) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 681.90 395.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 716.45 395.81 Td (\(0.2) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 731.10 395.81 Td (\)%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 382.81 Td (Oklahoma) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 259.15 382.81 Td (30) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 317.15 382.81 Td (29) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 358.65 382.81 Td (13,985) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 416.65 382.81 Td (13,563) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 474.80 382.86 Td (1,903,039) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 544.80 382.81 Td (1,842,667) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 613.35 382.81 Td (85.3) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 629.90 382.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 665.35 382.81 Td (87.8) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 681.90 382.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 716.45 382.81 Td (\(2.5) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 731.10 382.81 Td (\)%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 369.81 Td (North Carolina) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 259.15 369.81 Td (30) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 317.15 369.81 Td (30) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 358.65 369.81 Td (13,436) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 416.65 369.81 Td (13,442) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 474.80 369.86 Td (1,650,671) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 544.80 369.81 Td (1,655,156) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 613.35 369.81 Td (89.5) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 629.90 369.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 665.35 369.81 Td (85.4) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 681.90 369.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 719.25 369.81 Td (4.1) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 733.90 369.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 356.81 Td (Florida) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 259.15 356.81 Td (23) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 321.90 356.81 Td (2) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 358.65 356.81 Td (17,605) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 428.45 356.81 Td (694) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 474.80 356.86 Td (1,620,869) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 556.65 356.81 Td (79,756) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 613.35 356.81 Td (83.9) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 629.90 356.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 665.35 356.81 Td (82.7) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 681.90 356.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 719.25 356.81 Td (1.2) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 733.90 356.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 343.81 Td (Georgia) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 259.15 343.81 Td (20) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 317.15 343.81 Td (19) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 363.35 343.86 Td (6,552) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 421.35 343.86 Td (6,363) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 481.90 343.81 Td (872,593) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 551.90 343.81 Td (835,208) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 613.35 343.81 Td (93.6) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 629.90 343.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 665.35 343.81 Td (93.9) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 681.90 343.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 716.45 343.81 Td (\(0.3) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 731.10 343.81 Td (\)%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 330.81 Td (Arizona) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 259.15 330.81 Td (16) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 317.15 330.81 Td (13) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 363.35 330.86 Td (9,130) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 421.35 330.86 Td (7,295) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 474.80 330.86 Td (1,064,686) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 551.90 330.81 Td (836,017) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 613.35 330.81 Td (89.3) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 629.90 330.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 665.35 330.81 Td (85.2) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 681.90 330.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 719.25 330.81 Td (4.1) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 733.90 330.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 317.81 Td (Indiana) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 259.15 317.81 Td (14) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 321.90 317.81 Td (6) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 363.35 317.86 Td (7,846) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 421.35 317.86 Td (3,168) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 474.80 317.86 Td (1,007,745) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 551.90 317.81 Td (463,166) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 613.35 317.81 Td (83.3) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 629.90 317.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 665.35 317.81 Td (83.6) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 681.90 317.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 716.45 317.81 Td (\(0.3) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 731.10 317.81 Td (\)%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 304.81 Td (Washington) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 259.15 304.81 Td (15) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 317.15 304.81 Td (14) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 363.35 304.86 Td (5,064) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 421.35 304.86 Td (4,825) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 481.90 304.81 Td (644,680) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 551.90 304.81 Td (611,150) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 613.35 304.81 Td (90.6) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 629.90 304.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 665.35 304.81 Td (92.5) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 681.90 304.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 716.45 304.81 Td (\(1.9) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 731.10 304.81 Td (\)%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 291.81 Td (Colorado) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 259.15 291.81 Td (10) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 321.90 291.81 Td (9) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 363.35 291.86 Td (4,640) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 421.35 291.86 Td (4,132) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 481.90 291.81 Td (564,604) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 551.90 291.81 Td (503,696) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 613.35 291.81 Td (91.4) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 629.90 291.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 665.35 291.81 Td (94.1) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 681.90 291.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 716.45 291.81 Td (\(2.7) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 731.10 291.81 Td (\)%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 278.81 Td (Louisiana) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 259.15 278.81 Td (10) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 321.90 278.81 Td (5) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 363.35 278.86 Td (4,520) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 421.35 278.86 Td (2,192) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 481.90 278.81 Td (630,103) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 551.90 278.81 Td (298,710) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 613.35 278.81 Td (84.4) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 629.90 278.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 665.35 278.81 Td (81.3) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 681.90 278.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 719.25 278.81 Td (3.1) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 733.90 278.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 265.81 Td (New Hampshire) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 263.90 265.81 Td (9) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 321.90 265.81 Td (9) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 363.35 265.86 Td (3,667) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 421.35 265.86 Td (3,677) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 481.90 265.81 Td (444,200) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 551.90 265.81 Td (444,375) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 613.35 265.81 Td (91.9) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 629.90 265.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 665.35 265.81 Td (88.9) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 681.90 265.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 719.25 265.81 Td (3.0) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 733.90 265.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 252.81 Td (Ohio) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 263.90 252.81 Td (7) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 318.15 252.81 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 363.35 252.86 Td (2,689) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 434.15 252.81 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 481.90 252.81 Td (349,038) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 574.15 252.81 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 613.35 252.81 Td (85.4) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 629.90 252.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 673.40 252.81 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 722.60 252.81 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 733.90 252.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 239.81 Td (Nevada) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 263.90 239.81 Td (6) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 321.90 239.81 Td (3) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 363.35 239.86 Td (3,135) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 421.35 239.86 Td (1,778) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 481.90 239.81 Td (419,567) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 551.90 239.81 Td (242,131) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 613.35 239.81 Td (92.0) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 629.90 239.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 665.35 239.81 Td (90.9) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 681.90 239.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 719.25 239.81 Td (1.1) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 733.90 239.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 226.81 Td (South Carolina) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 263.90 226.81 Td (4) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 321.90 226.81 Td (4) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 363.35 226.86 Td (1,211) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 421.35 226.86 Td (1,210) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 481.90 226.81 Td (147,530) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 551.90 226.81 Td (147,530) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 613.35 226.81 Td (90.4) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 629.90 226.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 665.35 226.81 Td (93.5) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 681.90 226.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 716.45 226.81 Td (\(3.1) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 731.10 226.81 Td (\)%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 213.81 Td (Other) Tj ET Q BT /F2 8.50 Tf ET BT /F2 5.52 Tf ET q 0 0 0 rg BT 72.76 217.87 Td (\(1\)) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 263.90 213.81 Td (7) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 321.90 213.81 Td (3) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 363.35 213.86 Td (3,166) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 428.45 213.81 Td (782) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 481.90 213.81 Td (440,957) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 551.90 213.81 Td (113,960) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 613.35 213.81 Td (86.4) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 629.90 213.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 665.35 213.81 Td (95.7) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 681.90 213.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 716.45 213.81 Td (\(9.3) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 731.10 213.81 Td (\)%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 56.00 200.81 Td (Total Consolidated/Weighted Average) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 254.45 200.81 Td (386) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 312.45 200.81 Td (293) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 353.90 200.81 Td (186,129) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 411.90 200.81 Td (130,126) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 470.10 200.86 Td (23,306,872) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 540.10 200.81 Td (16,838,618) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 613.35 200.81 Td (88.6) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 629.90 200.81 Td (%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 665.35 200.81 Td (89.4) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 681.90 200.81 Td (%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 716.45 200.81 Td (\(0.8) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 731.10 200.81 Td (\)%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 56.00 181.31 Td (T) Tj ET Q q 0 0 0 rg BT 60.56 181.31 Td (otal Unconsolidated/W) Tj ET Q q 0 0 0 rg BT 152.02 181.31 Td (eighted ) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 69.50 172.81 Td (A) Tj ET Q q 0 0 0 rg BT 75.32 172.81 Td (verage) Tj ET Q BT /F3 8.50 Tf ET BT /F3 5.52 Tf ET q 0 0 0 rg BT 102.73 176.87 Td (\(2\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 259.15 172.81 Td (66) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 318.15 172.81 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 358.65 172.81 Td (35,572) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 434.15 172.81 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 474.80 172.86 Td (4,517,744) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 574.15 172.81 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 613.35 172.81 Td (87.6) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 629.90 172.81 Td (%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 673.40 172.81 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 722.60 172.81 Td () Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 56.00 154.31 Td (Total Consolidated and) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 69.50 145.81 Td (Unconsolidated/Weighted Average) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 254.45 145.81 Td (452) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 312.45 145.81 Td (293) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 353.90 145.81 Td (221,701) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 411.90 145.81 Td (130,126) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 470.10 145.86 Td (27,824,616) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 540.10 145.81 Td (16,838,618) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 613.35 145.81 Td (88.5) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 629.90 145.81 Td (%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 665.35 145.81 Td (89.4) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 681.90 145.81 Td (%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 716.45 145.81 Td (\(0.9) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 731.10 145.81 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 74.73 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 64.50 74.73 Td ( ) Tj ET Q q 0 0 0 rg BT 66.72 74.73 Td ( ) Tj ET Q q 0 0 0 rg BT 68.95 74.73 Td (Other ) Tj ET Q q 0 0 0 rg BT 91.18 74.73 Td (states ) Tj ET Q q 0 0 0 rg BT 114.74 74.73 Td (in ) Tj ET Q q 0 0 0 rg BT 123.19 74.73 Td (NSA's ) Tj ET Q q 0 0 0 rg BT 147.39 74.73 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 194.54 74.73 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 225.22 74.73 Td (as ) Tj ET Q q 0 0 0 rg BT 235.89 74.73 Td (of ) Tj ET Q q 0 0 0 rg BT 244.79 74.73 Td (March ) Tj ET Q q 0 0 0 rg BT 269.23 74.73 Td (31, ) Tj ET Q q 0 0 0 rg BT 282.58 74.73 Td (2017 ) Tj ET Q q 0 0 0 rg BT 302.60 74.73 Td (include ) Tj ET Q q 0 0 0 rg BT 329.95 74.73 Td (Alabama, ) Tj ET Q q 0 0 0 rg BT 365.75 74.73 Td (Kentucky) Tj ET Q q 0 0 0 rg BT 398.36 74.73 Td (, ) Tj ET Q q 0 0 0 rg BT 402.51 74.73 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 443.40 74.73 Td (and ) Tj ET Q q 0 0 0 rg BT 458.97 74.73 Td (New ) Tj ET Q q 0 0 0 rg BT 477.20 74.73 Td (Mexico.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 60.73 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 64.50 60.73 Td ( ) Tj ET Q q 0 0 0 rg BT 66.72 60.73 Td ( ) Tj ET Q q 0 0 0 rg BT 68.95 60.73 Td (Refer ) Tj ET Q q 0 0 0 rg BT 90.73 60.73 Td (to ) Tj ET Q q 0 0 0 rg BT 99.63 60.73 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 150.77 60.73 Td (Schedule ) Tj ET Q q 0 0 0 rg BT 186.35 60.73 Td (5 ) Tj ET Q q 0 0 0 rg BT 193.02 60.73 Td (for ) Tj ET Q q 0 0 0 rg BT 204.58 60.73 Td (additional ) Tj ET Q q 0 0 0 rg BT 241.05 60.73 Td (information ) Tj ET Q q 0 0 0 rg BT 282.85 60.73 Td (about ) Tj ET Q q 0 0 0 rg BT 305.09 60.73 Td (NSA's ) Tj ET Q q 0 0 0 rg BT 329.29 60.73 Td (unconsolidated ) Tj ET Q q 0 0 0 rg BT 385.34 60.73 Td (real ) Tj ET Q q 0 0 0 rg BT 400.90 60.73 Td (estate ) Tj ET Q q 0 0 0 rg BT 424.91 60.73 Td (venture.) 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0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474 432.5 m 561 432.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 565 432.5 m 652 432.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 656 432.5 m 743 432.5 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.50 529.12 Td (Supplemental Schedule 3 \(continued\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.50 510.12 Td (Portfolio Summary) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.50 495.90 Td (\(dollars in thousands\) \(unaudited\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.50 477.12 Td (2017 Acquisition & Investment Activity) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.95 454.90 Td (Self storage properties ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 80.95 445.90 Td (acquired during the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 91.45 436.90 Td (quarter ended:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 511.45 459.45 Td (Summary of Investment) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 212.95 436.90 Td (Stores) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 272.25 436.90 Td (Units) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 327.95 445.90 Td (Rentable) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 321.20 436.90 Td (Square Feet) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 405.70 445.90 Td (Cash and) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 387.70 436.90 Td (Acquisition Costs) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 477.05 436.90 Td (Value of OP Equity) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 573.95 436.90 Td (Other Liabilities) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 688.55 436.90 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.50 421.90 Td (March 31, 2017) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 113.04 426.19 Td (\(3\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 224.45 421.90 Td (5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 272.20 421.90 Td (2,239) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 342.95 421.90 Td (267,008) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 385.50 421.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 438.95 421.90 Td (26,780) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 476.50 421.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 534.95 421.90 Td (4,964) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 567.50 421.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 633.40 421.90 Td (183) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 658.50 421.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 711.90 421.90 Td (31,927) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 349.50 151.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 201.00 349.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 205.00 349.50 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.00 349.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.00 349.50 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.00 349.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 349.50 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 381.00 349.50 4.00 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0 d 0 J 0 j 3 M 318 349.5 m 381 349.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 349.5 m 472 349.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 349.5 m 254 349.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258 349.5 m 314 349.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 349.5 m 381 349.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385 349.5 m 472 349.5 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 381.12 Td (2017 Disposition Activity) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 57.95 362.90 Td (Dispositions Closed During the) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 92.20 353.90 Td (Quarter Ended:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 214.95 353.90 Td (Stores) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 274.25 353.90 Td (Units) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 329.95 362.90 Td (Rentable) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 323.20 353.90 Td (Square Feet) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 393.45 353.90 Td (Gross Proceeds) Tj ET Q BT 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1 rg /GS0 gs 447.00 593.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 593.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 567.50 172.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 567.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.00 567.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.00 567.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 567.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 567.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 541.50 172.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 541.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.00 541.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.00 541.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 541.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 541.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 515.50 172.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 515.50 111.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.00 515.50 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.00 515.50 111.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 515.50 4.00 -19.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 515.50 111.00 -19.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49 704.5 m 221 704.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 221 704.5 m 332 704.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 332 704.5 m 336 704.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 336 704.5 m 447 704.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 447 704.5 m 451 704.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 451 704.5 m 562 704.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49 643.5 m 221 643.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 221 643.5 m 332 643.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 332 643.5 m 336 643.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 336 643.5 m 447 643.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 447 643.5 m 451 643.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 451 643.5 m 562 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 619.5 m 332 619.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 619.5 m 447 619.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 619.5 m 562 619.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 528.5 m 332 528.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 528.5 m 447 528.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 528.5 m 562 528.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 496.5 m 562 496.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 496.5 m 562 496.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 484.5 m 562 484.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 482.5 m 562 482.5 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 709.12 Td (Supplemental Schedule 4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 691.03 Td (Debt and Equity Capitalization) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 677.08 Td (As of March 31, 2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 51.50 665.08 Td (\(dollars in thousands\) \(unaudited\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 648.03 Td (Debt Balances and Characteristics) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 227.95 623.81 Td (Effective Interest Rate) Tj ET Q BT /F3 8.50 Tf ET BT /F3 5.52 Tf ET q 0 0 0 rg BT 317.24 627.87 Td (\(1\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 354.30 630.81 Td (Weighted Average) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 354.20 622.31 Td (Maturity \(In Years\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 489.65 623.81 Td (Balance) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 51.50 610.59 Td (Credit Facility:) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 60.50 597.59 Td (Revolving line of credit) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 265.35 597.59 Td (2.38%) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 383.70 597.59 Td (3.10) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 453.50 597.59 Td ($) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 531.85 597.59 Td (102,500) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 60.50 584.59 Td (Term loan - 5 year tranche) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 265.35 584.59 Td (2.60%) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 383.70 584.59 Td (4.10) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 531.85 584.59 Td (235,000) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 60.50 571.59 Td (Term loan - 6 year tranche) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 265.35 571.59 Td (3.24%) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 383.70 571.59 Td (5.10) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 531.85 571.59 Td (155,000) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 60.50 558.59 Td (Term loan - 7 year tranche) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 265.35 558.59 Td (3.71%) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 383.70 558.59 Td (6.84) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 531.85 558.59 Td (105,000) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 51.50 545.59 Td (Term loan - 7 year) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 265.35 545.59 Td (3.08%) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 383.70 545.59 Td (6.25) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 531.85 545.59 Td (100,000) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 51.50 532.59 Td (Fixed rate mortgages payable) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 265.35 532.59 Td (4.13%) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 383.70 532.59 Td (7.47) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 531.85 532.59 Td (191,937) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 65.00 519.59 Td (Total Principal/Weighted Average) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 265.35 519.59 Td (3.21%) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 383.70 519.59 Td (5.47) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 531.85 519.59 Td (889,437) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 51.50 507.54 Td (Unamortized debt issuance costs and debt) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 60.50 500.04 Td (premium, net) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 540.20 500.59 Td (4,330) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 65.00 487.59 Td (Total Debt) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 453.50 487.59 Td ($) Tj ET Q BT /F3 7.50 Tf ET q 0 0 0 rg BT 531.85 487.59 Td (893,767) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 433.50 172.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 433.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.00 433.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.00 433.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 433.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 433.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 407.50 172.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 407.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.00 407.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.00 407.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 407.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 407.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 381.50 172.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 381.50 111.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.00 381.50 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.00 381.50 111.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 381.50 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 381.50 111.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 358.50 172.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 358.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.00 358.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.00 358.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 358.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 358.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 332.50 172.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 332.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.00 332.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.00 332.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 332.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 332.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 306.50 172.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 306.50 111.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.00 306.50 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.00 306.50 111.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 306.50 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 306.50 111.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 283.50 172.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 283.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.00 283.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.00 283.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 283.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 283.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 257.50 172.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 257.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.00 257.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.00 257.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 257.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 257.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 231.50 172.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 231.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.00 231.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.00 231.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 231.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 231.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 205.50 172.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 205.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.00 205.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.00 205.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 205.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 205.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 171.50 172.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 171.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.00 171.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.00 171.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 171.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 171.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 122.50 283.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.00 122.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.00 122.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 122.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 122.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 96.50 172.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 96.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.00 96.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 336.00 96.50 111.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 96.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 96.50 111.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49 458.5 m 221 458.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 221 458.5 m 332 458.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 332 458.5 m 336 458.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 336 458.5 m 447 458.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 447 458.5 m 451 458.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 451 458.5 m 562 458.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 433.5 m 332 433.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 433.5 m 447 433.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 433.5 m 562 433.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 394.5 m 332 394.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 394.5 m 447 394.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 394.5 m 562 394.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 319.5 m 332 319.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 319.5 m 447 319.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 319.5 m 562 319.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 205.5 m 562 205.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221 205.5 m 332 205.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 205.5 m 447 205.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 205.5 m 562 205.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 171.5 m 562 171.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 171.5 m 562 171.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 159.5 m 562 159.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 157.5 m 562 157.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49 141.5 m 221 141.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 221 141.5 m 332 141.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 332 141.5 m 336 141.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 336 141.5 m 447 141.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 447 141.5 m 451 141.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 451 141.5 m 562 141.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 336 141.5 m 447 141.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 122.5 m 447 122.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 122.5 m 562 122.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336 122.5 m 447 122.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 122.5 m 562 122.5 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 463.12 Td (Debt Maturities) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 223.95 445.81 Td (A) Tj ET Q q 0 0 0 rg BT 229.77 445.81 Td (verageEffective Interest ) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 227.25 437.31 Td (Rateon MaturingDebt) Tj ET Q BT /F3 8.50 Tf ET BT /F3 5.52 Tf ET q 0 0 0 rg BT 317.92 441.37 Td (\(1\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 344.70 445.81 Td (Maturitiesasa Percent) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 356.80 437.31 Td (ofTotalPrincipal) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 485.90 437.81 Td (Maturities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 424.73 Td (2017 2Q) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 272.00 424.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.00 424.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.30 424.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 411.73 Td (2017 3Q) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 264.65 411.73 Td (2.55%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.85 411.73 Td (0.2%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.30 411.78 Td (1,867) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 398.73 Td (2017 4Q) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 272.00 398.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.00 398.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.30 398.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 385.73 Td (Total 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 264.65 385.73 Td (2.55%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.85 385.73 Td (0.2%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.30 385.78 Td (1,867) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 362.73 Td (2018 1Q) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 272.00 362.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.00 362.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.30 362.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 349.73 Td (2018 2Q) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 264.65 349.73 Td (2.97%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.85 349.73 Td (0.4%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.30 349.78 Td (3,216) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 336.73 Td (2018 3Q) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 272.00 336.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.00 336.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.30 336.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 323.73 Td (2018 4Q) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 264.65 323.73 Td (2.88%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.85 323.73 Td (0.3%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.30 323.78 Td (2,806) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 310.73 Td (Total 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 264.65 310.73 Td (2.93%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.85 310.73 Td (0.7%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.30 310.78 Td (6,022) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 287.73 Td (2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 272.00 287.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.00 287.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 546.30 287.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 274.73 Td (2020) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 264.65 274.73 Td (2.75%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.65 274.73 Td (15.9%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.40 274.73 Td (141,162) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 261.73 Td (2021) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 264.65 261.73 Td (2.64%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.65 261.73 Td (26.9%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.40 261.73 Td (238,974) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 248.73 Td (2022) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 264.65 248.73 Td (3.24%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.65 248.73 Td (17.4%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.40 248.73 Td (155,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 235.73 Td (2023) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 264.65 235.73 Td (3.69%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.65 235.73 Td (20.2%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.40 235.73 Td (179,926) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 222.73 Td (2024) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 264.65 222.73 Td (3.79%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.65 222.73 Td (14.1%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.40 222.73 Td (125,508) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 209.73 Td (Thereafter) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 264.65 209.73 Td (4.10%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.85 209.73 Td (4.6%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 529.85 209.78 Td (40,978) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 65.00 196.73 Td (Total Principal/Weighted Average) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 264.65 196.73 Td (3.21%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 377.40 196.73 Td (100.0%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 525.40 196.73 Td (889,437) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 183.73 Td (Unamortized debt issuance costs and debt) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.00 175.73 Td (premium, net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.30 175.78 Td (4,330) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 65.00 162.73 Td (Total Debt) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 453.50 162.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 525.40 162.73 Td (893,767) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 51.50 145.08 Td (Debt Ratios) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.85 126.73 Td (Covenant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.20 126.73 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 113.73 Td (Net Debt to Annualized Current Quarter Adjusted EBITDA) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.40 113.73 Td (n/a) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.40 113.73 Td (6.0x) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 100.73 Td (Trailing Twelve Month Fixed Charge Coverage Ratio) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 379.95 100.73 Td (> 1.5x) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.40 100.73 Td (3.8x) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 87.73 Td (Total Leverage Ratio) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.20 87.73 Td (< 60.0%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.65 87.73 Td (39.9%) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 51.50 59.54 Td (\(1\) Effective interest rate incorporates the stated rate plus the impact of interest rate cash flow hedges and discount and premium amortization, if) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 65.00 52.04 Td (applicable. For the revolving line of credit, the effective interest rate excludes fees which range from 0.15% to 0.25% for unused borrowings.) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 57.00 0 0 47.00 50.00 732.50 cm /I15 Do Q endstream endobj 33 0 obj <> endobj 34 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.40 33.25 Td (14) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 617.50 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.00 617.50 102.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.00 617.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.00 617.50 102.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 587.50 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.00 587.50 102.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.00 587.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.00 587.50 102.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 557.50 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.00 557.50 102.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.00 557.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.00 557.50 102.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 527.50 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.00 527.50 102.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.00 527.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.00 527.50 102.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 497.50 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.00 497.50 102.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.00 497.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.00 497.50 102.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 467.50 305.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.00 467.50 102.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.00 467.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.00 467.50 102.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49 704.5 m 354 704.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 354 704.5 m 456 704.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 456 704.5 m 460 704.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 460 704.5 m 562 704.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49 636.5 m 354 636.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 354 636.5 m 456 636.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 456 636.5 m 460 636.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 460 636.5 m 562 636.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 617.5 m 456 617.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 617.5 m 562 617.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 617.5 m 456 617.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 617.5 m 562 617.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 587.5 m 456 587.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 587.5 m 562 587.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 542.5 m 456 542.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 542.5 m 562 542.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 512.5 m 456 512.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 497.5 m 456 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 512.5 m 562 512.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 497.5 m 562 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 497.5 m 562 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 467.5 m 456 467.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 467.5 m 562 467.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 467.5 m 456 467.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 467.5 m 562 467.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 452.5 m 456 452.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 438.5 m 456 438.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 436.5 m 456 436.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 452.5 m 562 452.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 438.5 m 562 438.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 436.5 m 562 436.5 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 709.12 Td (Supplemental Schedule 4 \(continued\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 690.72 Td (Debt and Equity Capitalization) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 677.72 Td (As of March 31, 2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 665.45 Td (\(unaudited\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 641.12 Td (Equity Interests) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 378.00 621.90 Td (Outstanding) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.20 621.90 Td (If Converted) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 606.81 Td (Common shares of beneficial interest) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 409.60 606.86 Td (44,176,295) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 515.60 606.86 Td (44,176,295) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 591.81 Td (Restricted common shares) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 426.15 591.81 Td (26,485) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 532.15 591.81 Td (26,485) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 60.50 576.81 Td (Total shares outstanding) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 409.60 576.86 Td (44,202,780) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 515.60 576.86 Td (44,202,780) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 561.81 Td (Operating partnership units) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 409.60 561.86 Td (25,223,064) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 515.60 561.86 Td (25,223,064) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 546.81 Td (DownREIT operating partnership unit equivalents) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 414.30 546.86 Td (1,834,786) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 520.30 546.86 Td (1,834,786) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 60.50 531.81 Td (Total operating partnership units) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 409.60 531.86 Td (27,057,850) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 515.60 531.86 Td (27,057,850) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 60.50 516.81 Td (Long-term incentive plan units) Tj ET Q BT /F3 8.50 Tf ET BT /F3 5.52 Tf ET q 0 0 0 rg BT 184.24 520.87 Td (\(2\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 414.30 516.86 Td (1,490,346) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 520.30 516.86 Td (1,490,346) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 69.50 501.81 Td (Total shares and Class A equivalents outstanding) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 409.60 501.86 Td (72,750,976) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 515.60 501.86 Td (72,750,976) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 486.81 Td (Subordinated performance units) Tj ET Q BT /F2 8.50 Tf ET BT /F2 5.52 Tf ET q 0 0 0 rg BT 172.47 490.87 Td (\(3\)) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 409.60 486.86 Td (11,369,753) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 515.60 486.86 Td (16,031,352) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 471.81 Td (DownREIT) Tj ET Q q 0 0 0 rg BT 92.44 471.81 Td ( subordinated performance unit equivalents) Tj ET Q BT /F2 8.50 Tf ET BT /F2 5.52 Tf ET q 0 0 0 rg BT 255.47 475.87 Td (\(3\)) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 414.30 471.86 Td (4,386,999) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 520.30 471.86 Td (6,185,669) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 60.50 456.81 Td (Total subordinated partnership units) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 409.60 456.86 Td (15,756,752) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 515.60 456.86 Td (22,217,021) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 69.50 441.81 Td (Total shares and units outstanding) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 409.60 441.86 Td (88,507,728) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 515.60 441.86 Td (94,967,997) Tj ET Q BT /F1 10.00 Tf ET BT /F2 7.50 Tf ET q 0 0 0 rg BT 51.50 111.54 Td (\(2\) Balances exclude 260,400 long-term incentive plan \("LTIP"\) units which only vest and participate in dividend distributions upon the future contribution) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 65.00 104.04 Td (of properties from the PROs.) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 51.50 92.54 Td (\(3\) If converted balance assumes that each subordinated performance unit \(including each DownREIT subordinated performance unit\) is convertible into) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 65.00 85.04 Td (OP units, notwithstanding the two-year lock-out period on conversions, and that each subordinated performance unit would on average convert on a) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 65.00 77.54 Td (hypothetical basis into an estimated 1.41 OP units based on historical financial information for the trailing twelve months ended March 31, 2017. The) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 65.00 70.04 Td (hypothetical conversions are calculated by dividing the average cash available for distribution, or CAD, per subordinated performance unit by 110%) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 65.00 62.54 Td (of the CAD per OP unit over the same period. The Company anticipates that as CAD grows over time, the conversion ratio will also grow, including) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 65.00 55.04 Td (to levels that may exceed these amounts.) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 57.00 0 0 47.00 50.00 732.50 cm /I16 Do Q endstream endobj 35 0 obj <> endobj 36 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.40 33.25 Td (15) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 617.50 108.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 157.00 617.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 161.00 617.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 213.00 617.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.00 617.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.00 617.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.00 617.50 92.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.00 617.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.00 617.50 85.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 617.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 617.50 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 589.50 108.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 157.00 589.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 161.00 589.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 213.00 589.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.00 589.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.00 589.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.00 589.50 92.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.00 589.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.00 589.50 85.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 589.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 589.50 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 561.50 108.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 157.00 561.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 161.00 561.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 213.00 561.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.00 561.50 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.00 561.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.00 561.50 92.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.00 561.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.00 561.50 85.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.00 561.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.00 561.50 100.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49 704.5 m 157 704.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 157 704.5 m 161 704.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 161 704.5 m 213 704.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 213 704.5 m 217 704.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 217 704.5 m 273 704.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 273 704.5 m 277 704.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 277 704.5 m 369 704.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 369 704.5 m 373 704.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 373 704.5 m 458 704.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 458 704.5 m 462 704.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 462 704.5 m 562 704.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49 643.5 m 157 643.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 157 643.5 m 161 643.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 161 643.5 m 213 643.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 213 643.5 m 217 643.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 217 643.5 m 273 643.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 273 643.5 m 277 643.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 277 643.5 m 369 643.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 369 643.5 m 373 643.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 373 643.5 m 458 643.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 458 643.5 m 462 643.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 462 643.5 m 562 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 617.5 m 157 617.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 161 617.5 m 213 617.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217 617.5 m 273 617.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 617.5 m 369 617.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 617.5 m 458 617.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 617.5 m 562 617.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 161 617.5 m 213 617.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217 617.5 m 273 617.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 617.5 m 369 617.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 617.5 m 458 617.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 617.5 m 562 617.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 161 547.5 m 213 547.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217 547.5 m 273 547.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 547.5 m 369 547.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 547.5 m 458 547.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 547.5 m 562 547.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 547.5 m 157 547.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 161 547.5 m 213 547.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217 547.5 m 273 547.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 547.5 m 369 547.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 547.5 m 458 547.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 547.5 m 562 547.5 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 709.12 Td (Supplemental Schedule 5) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 690.72 Td (Summarized Information for Unconsolidated Real Estate Venture) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 678.45 Td (\(dollars in thousands\) \(unaudited\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 648.12 Td (Unconsolidated Real Estate Venture Properties as of March 31, 2017) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 92.10 621.81 Td (State) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 168.30 630.31 Td (Stores at) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 164.05 621.81 Td (Period End) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 228.90 630.31 Td (Units at) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 222.05 621.81 Td (Period End) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 288.95 630.31 Td (Rentable Square) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 285.15 621.81 Td (Feet at Period End) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 387.10 630.31 Td (Occupancy at) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 392.55 621.81 Td (Period End) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 477.55 630.31 Td (1Q 2017 Average) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 488.55 621.81 Td (Occupancy) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 607.81 Td (Florida) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 200.15 607.81 Td (21) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 243.65 607.81 Td (11,485) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 327.80 607.86 Td (1,331,630) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 433.35 607.86 Td (86.7) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 449.90 607.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 537.35 607.86 Td (86.0) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 553.90 607.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 593.81 Td (Alabama) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 200.15 593.81 Td (11) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 248.35 593.81 Td (4,032) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 334.90 593.81 Td (590,696) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 433.35 593.86 Td (86.1) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 449.90 593.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 537.35 593.86 Td (84.5) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 553.90 593.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 579.81 Td (New Jersey) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 200.15 579.81 Td (10) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 248.35 579.81 Td (7,520) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 334.90 579.81 Td (925,410) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 433.35 579.86 Td (89.2) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 449.90 579.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 537.35 579.86 Td (88.4) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 553.90 579.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 565.81 Td (California) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 204.90 565.81 Td (9) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 248.35 565.81 Td (5,832) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 334.90 565.81 Td (802,176) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 433.35 565.86 Td (86.8) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 449.90 565.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 537.35 565.86 Td (87.2) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 553.90 565.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 551.81 Td (Other) Tj ET Q BT /F2 8.50 Tf ET BT /F2 5.52 Tf ET q 0 0 0 rg BT 72.76 555.87 Td (\(1\)) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 200.15 551.81 Td (15) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 248.35 551.81 Td (6,703) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 334.90 551.81 Td (867,832) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 433.35 551.86 Td (89.1) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 449.90 551.81 Td (%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 537.35 551.86 Td (88.4) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 553.90 551.81 Td (%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 51.50 537.81 Td (Total/Weighted Average) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 200.15 537.81 Td (66) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 243.65 537.81 Td (35,572) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 327.80 537.86 Td (4,517,744) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 433.35 537.86 Td (87.6) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 449.90 537.81 Td (%) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 537.35 537.86 Td (87.0) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 553.90 537.81 Td (%) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 477.50 402.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 477.50 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 449.50 402.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 449.50 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 421.50 402.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 421.50 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 393.50 402.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 393.50 111.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 365.50 402.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 365.50 111.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49 496.5 m 451 496.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 451 496.5 m 562 496.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 477.5 m 562 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 435.5 m 562 435.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 435.5 m 562 435.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 422.5 m 562 422.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 420.5 m 562 420.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 365.5 m 562 365.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 365.5 m 562 365.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 352.5 m 562 352.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 350.5 m 562 350.5 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 501.12 Td (Balance Sheet Information as of March 31, 2017) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 457.80 481.81 Td ( T) Tj ET Q q 0 0 0 rg BT 464.72 481.81 Td (otal V) Tj ET Q q 0 0 0 rg BT 487.40 481.81 Td (enture at 100%) Tj ET Q BT /F3 8.50 Tf ET BT /F3 5.52 Tf ET q 0 0 0 rg BT 547.40 485.87 Td (\(2\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 51.50 467.81 Td (ASSETS) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 453.81 Td (Self storage properties, net) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 453.50 453.81 Td ($) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 527.90 453.81 Td (610,633) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 439.81 Td (Other assets) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 532.65 439.81 Td (16,521) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 60.50 425.81 Td (Total assets) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 453.50 425.81 Td ($) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 527.90 425.81 Td (627,154) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 51.50 411.81 Td (LIABILITIES AND EQUITY) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 397.81 Td (Debt financing) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 453.50 397.81 Td ($) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 527.90 397.81 Td (317,109) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 383.81 Td (Other liabilities) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 537.35 383.86 Td (5,041) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 369.81 Td (Equity) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 527.90 369.81 Td (305,004) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 60.50 355.81 Td (Total liabilities and equity) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 453.50 355.81 Td ($) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 527.90 355.81 Td (627,154) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 296.50 289.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.00 296.50 110.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 296.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.00 296.50 110.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 268.50 289.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.00 268.50 110.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 268.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.00 268.50 110.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 240.50 289.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.00 240.50 110.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 240.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.00 240.50 110.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 212.50 289.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.00 212.50 110.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 212.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.00 212.50 110.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49 322.5 m 338 322.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 338 322.5 m 448 322.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 448 322.5 m 452 322.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 452 322.5 m 562 322.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 296.5 m 448 296.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452 296.5 m 562 296.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452 296.5 m 562 296.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 268.5 m 448 268.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452 268.5 m 562 268.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 198.5 m 448 198.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452 198.5 m 562 198.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 198.5 m 448 198.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 185.5 m 448 185.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 183.5 m 448 183.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452 198.5 m 562 198.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452 185.5 m 562 185.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452 183.5 m 562 183.5 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 327.12 Td (Operating Information for the Three Months Ended March 31, 2017) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 344.30 300.81 Td ( T) Tj ET Q q 0 0 0 rg BT 351.22 300.81 Td (otal V) Tj ET Q q 0 0 0 rg BT 373.90 300.81 Td (enture at 100%) Tj ET Q BT /F3 8.50 Tf ET BT /F3 5.52 Tf ET q 0 0 0 rg BT 433.90 304.87 Td (\(2\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 455.60 309.31 Td (NSA Proportionate Share) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 473.40 300.81 Td (\(Venture at 25%\)) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 286.81 Td (Total revenue) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 340.50 286.81 Td ($) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 418.65 286.81 Td (12,507) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 454.50 286.81 Td ($) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 537.35 286.86 Td (3,127) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 272.81 Td (Property operating expenses) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 423.35 272.86 Td (4,068) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 537.35 272.86 Td (1,017) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 60.50 258.81 Td (Net operating income) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 423.35 258.86 Td (8,439) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 537.35 258.86 Td (2,110) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 244.81 Td (Supervisory, administrative and other expenses) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 427.60 244.86 Td (\(898) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 444.65 244.81 Td (\)) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 541.60 244.86 Td (\(225) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 558.65 244.81 Td (\)) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 230.81 Td (Depreciation and amortization) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 420.50 230.81 Td (\(7,489) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 444.65 230.81 Td (\)) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 534.50 230.81 Td (\(1,872) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 558.65 230.81 Td (\)) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 216.81 Td (Interest expense) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 420.50 216.81 Td (\(2,826) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 444.65 216.81 Td (\)) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 541.60 216.86 Td (\(707) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 558.65 216.81 Td (\)) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 202.81 Td (Acquisition and other expenses) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 427.60 202.86 Td (\(366) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 444.65 202.81 Td (\)) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 546.35 202.86 Td (\(91) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 558.65 202.81 Td (\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 60.50 188.81 Td (Net loss) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 340.50 188.81 Td ($) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 420.50 188.81 Td (\(3,140) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 444.65 188.81 Td (\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 454.50 188.81 Td ($) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 541.60 188.86 Td (\(785) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 558.65 188.81 Td (\)) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 51.50 73.59 Td (\(1\) Other states in the unconsolidated real estate venture include Arizona, Georgia, New Mexico, Nevada, Pennsylvania, Ohio, Texas and Virginia.) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 51.50 61.54 Td (\(2\) Values represent entire unconsolidated real estate venture at 100%, not NSA's proportionate share. NSA's ownership in the unconsolidated real) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 65.00 54.04 Td (estate venture is 25%.) 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0 j 3 M 40 253.5 m 106 253.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 40 251.5 m 106 251.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 106 273.5 m 139 273.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 106 253.5 m 139 253.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 106 251.5 m 139 251.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 143 273.5 m 190 273.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 143 253.5 m 190 253.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 143 251.5 m 190 251.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 273.5 m 241 273.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 253.5 m 241 253.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 194 251.5 m 241 251.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 273.5 m 292 273.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 253.5 m 292 253.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 251.5 m 292 251.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296 273.5 m 343 273.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296 253.5 m 343 253.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296 251.5 m 343 251.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 273.5 m 394 273.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 253.5 m 394 253.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 251.5 m 394 251.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 273.5 m 445 273.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 253.5 m 445 253.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 251.5 m 445 251.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 273.5 m 496 273.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 253.5 m 496 253.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 251.5 m 496 251.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 273.5 m 547 273.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 253.5 m 547 253.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 251.5 m 547 251.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 551 273.5 m 598 273.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 551 253.5 m 598 253.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 551 251.5 m 598 251.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 602 273.5 m 649 273.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 602 253.5 m 649 253.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 602 251.5 m 649 251.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 653 273.5 m 700 273.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 653 253.5 m 700 253.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 653 251.5 m 700 251.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 704 273.5 m 751 273.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 704 253.5 m 751 253.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 704 251.5 m 751 251.5 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 42.50 529.12 Td (Supplemental Schedule 6) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 42.50 510.72 Td (Same Store Performance Summary) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 42.50 498.45 Td (\(dollars in thousands, except per square foot data\) \(unaudited\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 42.50 480.12 Td (Three Months Ended March 31, 2017 compared to Three Months Ended March 31, 2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 189.95 460.73 Td (Total Revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 331.30 460.73 Td (Operating Expenses) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 481.40 460.73 Td (Net Operating Income) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 620.20 460.73 Td (Net Operating Income Margin) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 42.50 446.73 Td (State) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 109.55 446.73 Td (Stores) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 150.65 446.73 Td (1Q 2017) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 201.65 446.73 Td (1Q 2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 254.00 446.73 Td (Growth) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 303.65 446.73 Td (1Q 2017) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.65 446.73 Td (1Q 2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 407.00 446.73 Td (Growth) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 456.65 446.73 Td (1Q 2017) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.65 446.73 Td (1Q 2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 560.00 446.73 Td (Growth) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 609.65 446.73 Td (1Q 2017) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 660.65 446.73 Td (1Q 2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 713.00 446.73 Td (Growth) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 42.50 433.73 Td (Oregon) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 126.90 433.73 Td (50) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 145.50 433.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 166.75 433.73 Td (7,980) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 196.50 433.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 217.75 433.78 Td (7,477) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.55 433.78 Td (6.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.35 433.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 298.50 433.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.75 433.78 Td (2,195) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.50 433.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.75 433.78 Td (2,106) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.55 433.73 Td (4.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.30 433.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.50 433.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.75 433.78 Td (5,785) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.50 433.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.75 433.78 Td (5,371) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 579.20 433.73 Td (7.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 590.35 433.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 625.75 433.73 Td (72.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 641.35 433.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 676.75 433.73 Td (71.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 692.35 433.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 729.55 433.73 Td (0.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 743.35 433.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 42.50 420.73 Td (Texas) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 126.90 420.73 Td (48) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 166.75 420.73 Td (5,601) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 217.75 420.78 Td (5,372) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.55 420.78 Td (4.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.35 420.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.75 420.78 Td (2,128) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.75 420.78 Td (2,126) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.55 420.73 Td (0.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.30 420.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.75 420.78 Td (3,473) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.75 420.78 Td (3,246) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 579.20 420.73 Td (7.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 590.35 420.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 625.75 420.73 Td (62.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 641.35 420.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 676.75 420.73 Td (60.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 692.35 420.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 729.55 420.73 Td (1.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 743.35 420.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 42.50 407.73 Td (California) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 126.90 407.73 Td (48) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 162.30 407.73 Td (10,869) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 217.75 407.78 Td (9,876) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 266.10 407.73 Td (10.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.35 407.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.75 407.78 Td (3,305) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.75 407.78 Td (3,274) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.55 407.73 Td (0.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.30 407.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.75 407.78 Td (7,564) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.75 407.78 Td (6,602) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 574.75 407.73 Td (14.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 590.35 407.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 625.75 407.73 Td (69.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 641.35 407.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 676.75 407.73 Td (66.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 692.35 407.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 729.55 407.73 Td (2.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 743.35 407.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 42.50 394.73 Td (Oklahoma) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 126.90 394.73 Td (29) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 166.75 394.73 Td (3,469) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 217.75 394.78 Td (3,477) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 267.90 394.78 Td (\(0.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 281.70 394.73 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.75 394.78 Td (1,162) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.75 394.78 Td (1,174) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.90 394.73 Td (\(1.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.70 394.73 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.75 394.78 Td (2,307) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.75 394.78 Td (2,303) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 579.20 394.73 Td (0.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 590.35 394.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 625.75 394.73 Td (66.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 641.35 394.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 676.75 394.73 Td (66.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 692.35 394.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 729.55 394.73 Td (0.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 743.35 394.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 42.50 381.73 Td (North Carolina) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 126.90 381.73 Td (28) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 166.75 381.73 Td (3,666) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 217.75 381.78 Td (3,367) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.55 381.78 Td (8.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.35 381.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.75 381.78 Td (1,131) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.75 381.78 Td (1,092) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.55 381.73 Td (3.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.30 381.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.75 381.78 Td (2,535) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.75 381.78 Td (2,275) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 574.75 381.73 Td (11.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 590.35 381.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 625.75 381.73 Td (69.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 641.35 381.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 676.75 381.73 Td (67.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 692.35 381.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 729.55 381.73 Td (1.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 743.35 381.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 42.50 368.73 Td (Georgia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 126.90 368.73 Td (18) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 166.75 368.73 Td (1,660) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 217.75 368.78 Td (1,588) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.55 368.78 Td (4.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.35 368.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.45 368.78 Td (639) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.45 368.78 Td (621) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.55 368.73 Td (2.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.30 368.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.75 368.78 Td (1,021) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.45 368.78 Td (967) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 579.20 368.73 Td (5.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 590.35 368.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 625.75 368.73 Td (61.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 641.35 368.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 676.75 368.73 Td (60.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 692.35 368.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 729.55 368.73 Td (0.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 743.35 368.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 42.50 355.73 Td (Washington) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 126.90 355.73 Td (14) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 166.75 355.73 Td (1,735) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 217.75 355.78 Td (1,668) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.55 355.78 Td (4.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.35 355.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.45 355.78 Td (527) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.45 355.78 Td (506) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.55 355.73 Td (4.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.30 355.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.75 355.78 Td (1,208) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.75 355.78 Td (1,162) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 579.20 355.73 Td (4.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 590.35 355.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 625.75 355.73 Td (69.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 641.35 355.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 676.75 355.73 Td (69.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 692.35 355.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 726.90 355.73 Td (\(0.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 740.70 355.73 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 42.50 342.73 Td (Arizona) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 126.90 342.73 Td (13) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 166.75 342.73 Td (2,416) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 217.75 342.78 Td (2,235) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.55 342.78 Td (8.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.35 342.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.45 342.78 Td (726) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.45 342.78 Td (705) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.55 342.73 Td (3.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.30 342.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.75 342.78 Td (1,690) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.75 342.78 Td (1,530) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 574.75 342.73 Td (10.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 590.35 342.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 625.75 342.73 Td (70.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 641.35 342.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 676.75 342.73 Td (68.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 692.35 342.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 729.55 342.73 Td (1.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 743.35 342.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 42.50 329.73 Td (Colorado) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 131.35 329.73 Td (8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 166.75 329.73 Td (1,244) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 217.75 329.78 Td (1,204) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.55 329.78 Td (3.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.35 329.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.45 329.78 Td (363) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.45 329.78 Td (366) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.90 329.73 Td (\(0.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.70 329.73 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.45 329.78 Td (881) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.45 329.78 Td (838) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 579.20 329.73 Td (5.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 590.35 329.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 625.75 329.73 Td (70.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 641.35 329.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 676.75 329.73 Td (69.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 692.35 329.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 729.55 329.73 Td (1.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 743.35 329.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 42.50 316.73 Td (Louisiana) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 131.35 316.73 Td (5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 173.45 316.73 Td (592) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 224.45 316.73 Td (575) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.55 316.78 Td (3.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.35 316.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.45 316.78 Td (212) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.45 316.78 Td (216) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.90 316.73 Td (\(1.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.70 316.73 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.45 316.78 Td (380) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.45 316.78 Td (359) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 579.20 316.73 Td (5.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 590.35 316.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 625.75 316.73 Td (64.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 641.35 316.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 676.75 316.73 Td (62.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 692.35 316.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 729.55 316.73 Td (1.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 743.35 316.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 42.50 303.73 Td (New Hampshire) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 131.35 303.73 Td (4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 173.45 303.73 Td (606) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 224.45 303.73 Td (548) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 266.10 303.73 Td (10.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.35 303.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.45 303.78 Td (227) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.45 303.78 Td (229) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.90 303.73 Td (\(0.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.70 303.73 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.45 303.78 Td (379) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.45 303.78 Td (319) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 574.75 303.73 Td (18.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 590.35 303.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 625.75 303.73 Td (62.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 641.35 303.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 676.75 303.73 Td (58.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 692.35 303.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 729.55 303.73 Td (4.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 743.35 303.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 42.50 290.73 Td (South Carolina) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 131.35 290.73 Td (4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 173.45 290.73 Td (356) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 224.45 290.73 Td (334) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.55 290.78 Td (6.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.35 290.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.45 290.78 Td (142) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.45 290.78 Td (135) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.55 290.73 Td (5.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.30 290.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.45 290.78 Td (214) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.45 290.78 Td (199) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 579.20 290.73 Td (7.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 590.35 290.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 625.75 290.73 Td (60.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 641.35 290.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 676.75 290.73 Td (59.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 692.35 290.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 729.55 290.73 Td (0.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 743.35 290.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 42.50 277.73 Td (Other) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 62.51 281.54 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 131.35 277.73 Td (8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 173.45 277.73 Td (989) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 224.45 277.73 Td (902) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.55 277.78 Td (9.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.35 277.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.45 277.78 Td (345) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.45 277.78 Td (343) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.55 277.73 Td (0.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.30 277.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.45 277.78 Td (644) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.45 277.78 Td (559) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 574.75 277.73 Td (15.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 590.35 277.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 625.75 277.73 Td (65.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 641.35 277.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 676.75 277.73 Td (62.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 692.35 277.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 729.55 277.73 Td (3.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 743.35 277.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 42.50 264.73 Td (Total/Weighted) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 42.50 256.73 Td (Average) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 122.45 256.73 Td (277) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 145.50 256.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 162.30 256.73 Td (41,183) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 196.50 256.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 213.25 256.73 Td (38,623) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 270.55 256.78 Td (6.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 284.35 256.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 298.50 256.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 315.30 256.78 Td (13,102) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.50 256.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 366.30 256.78 Td (12,893) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 423.55 256.73 Td (1.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 437.30 256.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 451.50 256.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.30 256.78 Td (28,081) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.50 256.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 519.30 256.78 Td (25,730) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 579.20 256.73 Td (9.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 590.35 256.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 625.75 256.73 Td (68.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 641.35 256.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 676.75 256.73 Td (66.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 692.35 256.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 729.55 256.73 Td (1.6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 743.35 256.73 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 43.50 52.73 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 55.50 52.73 Td ( ) Tj ET Q q 0 0 0 rg BT 57.72 52.73 Td ( ) Tj ET Q q 0 0 0 rg BT 59.95 52.73 Td (Other ) Tj ET Q q 0 0 0 rg BT 82.18 52.73 Td (states ) Tj ET Q q 0 0 0 rg BT 105.74 52.73 Td (in ) Tj ET Q q 0 0 0 rg BT 114.19 52.73 Td (NSA's ) Tj ET Q q 0 0 0 rg BT 138.39 52.73 Td (same ) Tj ET Q q 0 0 0 rg BT 160.18 52.73 Td (store ) Tj ET Q q 0 0 0 rg BT 180.18 52.73 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 210.87 52.73 Td (include ) Tj ET Q q 0 0 0 rg BT 238.44 52.73 Td (Florida, ) Tj ET Q q 0 0 0 rg BT 267.34 52.73 Td (Kentucky) Tj ET Q q 0 0 0 rg BT 299.65 52.73 Td (, ) Tj ET Q q 0 0 0 rg BT 304.10 52.73 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 344.99 52.73 Td (and ) Tj ET Q q 0 0 0 rg BT 360.56 52.73 Td (Nevada.) 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0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 655 431.5 m 701 431.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 701 444.5 m 705 444.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 705 444.5 m 751 444.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 705 431.5 m 751 431.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 40 431.5 m 187 431.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187 431.5 m 244 431.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244 431.5 m 301 431.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 431.5 m 351 431.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 431.5 m 401 431.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 431.5 m 450 431.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 431.5 m 501 431.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 431.5 m 551 431.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 605 431.5 m 651 431.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 655 431.5 m 701 431.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 705 431.5 m 751 431.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 40 262.5 m 187 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187 262.5 m 244 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244 262.5 m 301 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 262.5 m 351 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 262.5 m 401 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 262.5 m 450 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 262.5 m 501 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 262.5 m 551 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 605 262.5 m 651 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 655 262.5 m 701 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 705 262.5 m 751 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 40 262.5 m 187 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 40 250.5 m 187 250.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 40 248.5 m 187 248.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187 262.5 m 244 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187 250.5 m 244 250.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187 248.5 m 244 248.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244 262.5 m 301 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244 250.5 m 301 250.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244 248.5 m 301 248.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 262.5 m 351 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 250.5 m 351 250.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 248.5 m 351 248.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 262.5 m 401 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 250.5 m 401 250.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 248.5 m 401 248.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 262.5 m 450 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 250.5 m 450 250.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 248.5 m 450 248.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 262.5 m 501 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 250.5 m 501 250.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454 248.5 m 501 248.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 262.5 m 551 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 250.5 m 551 250.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505 248.5 m 551 248.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 555 262.5 m 601 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 555 250.5 m 601 250.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 555 248.5 m 601 248.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 605 262.5 m 651 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 605 250.5 m 651 250.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 605 248.5 m 651 248.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 655 262.5 m 701 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 655 250.5 m 701 250.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 655 248.5 m 701 248.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 705 262.5 m 751 262.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 705 250.5 m 751 250.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 705 248.5 m 751 248.5 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 42.50 529.72 Td (Supplemental Schedule 6 \(continued\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 42.50 511.72 Td (Same Store Performance Summary) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 42.50 499.45 Td (\(dollars in thousands, except per square foot data\) \(unaudited\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 42.50 486.45 Td (\(unaudited\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 42.50 468.72 Td (Three Months Ended March 31, 2017 compared to Three Months Ended March 31, 2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 255.10 443.73 Td (Rentable) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 249.10 435.73 Td (Square Feet) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 328.50 448.73 Td (Occupancy at Period End) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 488.65 448.73 Td (Average Occupancy) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 608.40 456.73 Td (Average Annualized Rental Revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 627.45 448.73 Td (per Occupied Square Foot) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 42.50 435.73 Td (State) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 205.00 435.73 Td (Units) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 312.15 435.73 Td (1Q 2017) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 362.15 435.73 Td (1Q 2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 413.00 435.73 Td (Growth) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 461.65 435.73 Td (1Q 2017) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 512.15 435.73 Td (1Q 2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 563.50 435.73 Td (Growth) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 612.15 435.73 Td (1Q 2017) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 662.15 435.73 Td (1Q 2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 713.50 435.73 Td (Growth) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 42.50 422.73 Td (Oregon) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 216.25 422.73 Td (20,246) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 262.20 422.78 Td (2,526,292) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.75 422.78 Td (89.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.35 422.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.75 422.78 Td (92.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.35 422.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.90 422.73 Td (\(3.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.70 422.73 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.75 422.78 Td (88.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.35 422.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.75 422.78 Td (91.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 543.35 422.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 576.90 422.73 Td (\(3.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 590.70 422.73 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 607.50 422.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 627.75 422.73 Td (14.16) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 657.50 422.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 677.75 422.73 Td (12.79) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 727.75 422.73 Td (10.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 743.35 422.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 42.50 409.73 Td (Texas) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 216.25 409.73 Td (18,497) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 262.20 409.78 Td (2,624,182) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.75 409.78 Td (88.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.35 409.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.75 409.78 Td (87.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.35 409.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.55 409.73 Td (0.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.30 409.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.75 409.78 Td (88.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.35 409.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.75 409.78 Td (87.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 543.35 409.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 579.55 409.73 Td (0.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 593.35 409.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 632.20 409.73 Td (9.42) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 682.20 409.73 Td (9.03) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 732.20 409.73 Td (4.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 743.35 409.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 42.50 396.73 Td (California) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 216.25 396.73 Td (28,087) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 262.20 396.78 Td (3,567,320) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.75 396.78 Td (90.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.35 396.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.75 396.78 Td (90.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.35 396.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.55 396.73 Td (0.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.30 396.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.75 396.78 Td (90.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.35 396.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.75 396.78 Td (89.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 543.35 396.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 579.55 396.73 Td (0.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 593.35 396.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 627.75 396.73 Td (12.77) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 677.75 396.73 Td (11.85) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 732.20 396.73 Td (7.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 743.35 396.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 42.50 383.73 Td (Oklahoma) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 216.25 383.73 Td (13,572) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 262.20 383.78 Td (1,847,114) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.75 383.78 Td (85.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.35 383.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.75 383.78 Td (87.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.35 383.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.90 383.73 Td (\(2.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.70 383.73 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.75 383.78 Td (84.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.35 383.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.75 383.78 Td (87.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 543.35 383.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 576.90 383.73 Td (\(2.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 590.70 383.73 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 632.20 383.73 Td (8.65) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 682.20 383.73 Td (8.47) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 732.20 383.73 Td (2.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 743.35 383.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 42.50 370.73 Td (North Carolina) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 216.25 370.73 Td (12,622) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 262.20 370.78 Td (1,536,227) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.75 370.78 Td (89.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.35 370.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.75 370.78 Td (84.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.35 370.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.55 370.73 Td (4.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.30 370.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.75 370.78 Td (89.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.35 370.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.75 370.78 Td (83.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 543.35 370.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 579.55 370.73 Td (5.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 593.35 370.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 627.75 370.73 Td (10.28) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 677.75 370.73 Td (10.05) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 732.20 370.73 Td (2.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 743.35 370.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 42.50 357.73 Td (Georgia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 220.75 357.78 Td (5,869) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.85 357.78 Td (771,055) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.75 357.78 Td (93.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.35 357.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.75 357.78 Td (93.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.35 357.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.90 357.73 Td (\(0.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.70 357.73 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.75 357.78 Td (92.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.35 357.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.75 357.78 Td (93.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 543.35 357.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 576.90 357.73 Td (\(1.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 590.70 357.73 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 632.20 357.73 Td (9.02) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 682.20 357.73 Td (8.52) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 732.20 357.73 Td (5.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 743.35 357.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 42.50 344.73 Td (Washington) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 220.75 344.78 Td (4,788) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.85 344.78 Td (601,840) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.75 344.78 Td (90.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.35 344.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.75 344.78 Td (92.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.35 344.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.90 344.73 Td (\(1.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.70 344.73 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.75 344.78 Td (89.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.35 344.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.75 344.78 Td (92.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 543.35 344.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 576.90 344.73 Td (\(3.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 590.70 344.73 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 627.75 344.73 Td (12.77) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 677.75 344.73 Td (11.68) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 732.20 344.73 Td (9.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 743.35 344.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 42.50 331.73 Td (Arizona) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 220.75 331.78 Td (7,279) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.85 331.78 Td (835,877) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.75 331.78 Td (89.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.35 331.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.75 331.78 Td (85.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.35 331.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.55 331.73 Td (4.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.30 331.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.75 331.78 Td (89.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.35 331.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.75 331.78 Td (83.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 543.35 331.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 579.55 331.73 Td (5.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 593.35 331.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 627.75 331.73 Td (12.42) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 677.75 331.73 Td (12.25) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 732.20 331.73 Td (1.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 743.35 331.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 42.50 318.73 Td (Colorado) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 220.75 318.78 Td (3,737) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.85 318.78 Td (453,174) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.75 318.78 Td (93.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.35 318.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.75 318.78 Td (94.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.35 318.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.90 318.73 Td (\(0.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.70 318.73 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.75 318.78 Td (92.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.35 318.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.75 318.78 Td (92.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 543.35 318.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 576.90 318.73 Td (\(0.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 590.70 318.73 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 627.75 318.73 Td (11.64) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 677.75 318.73 Td (11.24) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 732.20 318.73 Td (3.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 743.35 318.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 42.50 305.73 Td (Louisiana) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 220.75 305.78 Td (2,283) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.85 305.78 Td (319,110) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.75 305.78 Td (78.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.35 305.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.75 305.78 Td (81.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.35 305.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.90 305.73 Td (\(2.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.70 305.73 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.75 305.78 Td (78.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.35 305.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.75 305.78 Td (81.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 543.35 305.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 576.90 305.73 Td (\(3.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 590.70 305.73 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 632.20 305.73 Td (9.69) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 682.20 305.73 Td (9.35) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 732.20 305.73 Td (3.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 743.35 305.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 42.50 292.73 Td (New Hampshire) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 220.75 292.78 Td (1,771) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.85 292.78 Td (211,200) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.75 292.78 Td (92.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.35 292.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.75 292.78 Td (90.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.35 292.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.55 292.73 Td (2.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.30 292.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.75 292.78 Td (93.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.35 292.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.75 292.78 Td (89.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 543.35 292.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 579.55 292.73 Td (4.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 593.35 292.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 627.75 292.73 Td (12.03) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 677.75 292.73 Td (11.50) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 732.20 292.73 Td (4.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 743.35 292.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 42.50 279.73 Td (South Carolina) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 220.75 279.78 Td (1,211) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.85 279.78 Td (147,530) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.75 279.78 Td (90.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.35 279.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.75 279.78 Td (93.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.35 279.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.90 279.73 Td (\(3.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.70 279.73 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.75 279.78 Td (91.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.35 279.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.75 279.78 Td (92.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 543.35 279.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 576.90 279.73 Td (\(1.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 590.70 279.73 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 627.75 279.73 Td (10.24) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 682.20 279.73 Td (9.50) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 732.20 279.73 Td (7.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 743.35 279.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 42.50 266.73 Td (Other) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 62.51 270.54 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 220.75 266.78 Td (3,204) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.85 266.78 Td (435,992) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.75 266.78 Td (91.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 343.35 266.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.75 266.78 Td (90.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.35 266.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.55 266.73 Td (0.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.30 266.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 477.75 266.78 Td (91.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.35 266.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 527.75 266.78 Td (88.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 543.35 266.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 579.55 266.73 Td (2.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 593.35 266.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 632.20 266.73 Td (9.66) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 682.20 266.73 Td (9.10) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 732.20 266.73 Td (6.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 743.35 266.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 42.50 253.73 Td (Total/Weighted Average) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 211.85 253.73 Td (123,166) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 257.75 253.78 Td (15,876,913) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 327.75 253.78 Td (89.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 343.35 253.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 377.75 253.78 Td (89.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 393.35 253.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 425.90 253.73 Td (\(0.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 439.70 253.73 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 477.75 253.78 Td (88.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 493.35 253.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 527.75 253.78 Td (88.7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 543.35 253.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 582.65 253.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 593.35 253.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 607.50 253.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 627.75 253.73 Td (11.32) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 657.50 253.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 677.75 253.73 Td (10.67) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 732.20 253.73 Td (6.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 743.35 253.73 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 43.50 49.73 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 55.50 49.73 Td ( ) Tj ET Q q 0 0 0 rg BT 57.72 49.73 Td ( ) Tj ET Q q 0 0 0 rg BT 59.95 49.73 Td (Other ) Tj ET Q q 0 0 0 rg BT 82.18 49.73 Td (states ) Tj ET Q q 0 0 0 rg BT 105.74 49.73 Td (in ) Tj ET Q q 0 0 0 rg BT 114.19 49.73 Td (NSA's ) Tj ET Q q 0 0 0 rg BT 138.39 49.73 Td (same ) Tj ET Q q 0 0 0 rg BT 160.18 49.73 Td (store ) Tj ET Q q 0 0 0 rg BT 180.18 49.73 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 210.87 49.73 Td (include ) Tj ET Q q 0 0 0 rg BT 238.44 49.73 Td (Florida, ) Tj ET Q q 0 0 0 rg BT 267.34 49.73 Td (Kentucky) Tj ET Q q 0 0 0 rg BT 299.65 49.73 Td (, ) Tj ET Q q 0 0 0 rg BT 304.10 49.73 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 344.99 49.73 Td (and ) Tj ET Q q 0 0 0 rg BT 360.56 49.73 Td (Nevada.) 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0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 478 704.5 m 482 704.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 482 704.5 m 562 704.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 642.5 m 478 642.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 642.5 m 482 642.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 642.5 m 562 642.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 628.5 m 478 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 628.5 m 562 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 628.5 m 478 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 628.5 m 562 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 586.5 m 478 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 586.5 m 562 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 586.5 m 478 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 586.5 m 562 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 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[] 0 d 0 J 0 j 3 M 398 291.5 m 478 291.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 306.5 m 562 306.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 293.5 m 562 293.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 291.5 m 562 291.5 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 709.12 Td (Supplemental Schedule 7) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 690.12 Td (Reconciliation of Same Store Data and Net Operating Income to Income from Operations) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 675.90 Td (\(dollars in thousands\) \(unaudited\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 412.95 646.90 Td (Three Months Ended March 31,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.45 632.90 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 511.45 632.90 Td (2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 618.90 Td (Rental revenue) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 60.50 604.90 Td (Same store portfolio) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 400.50 604.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.95 604.90 Td (39,873) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.50 604.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.95 604.90 Td (37,499) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 60.50 590.90 Td (Non-same store portfolio) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.95 590.90 Td (17,971) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.95 590.90 Td (1,002) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 69.50 576.90 Td (Total rental revenue on our statements of operations) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.95 576.90 Td (57,844) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.95 576.90 Td (38,501) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 548.90 Td (Other property-related revenue) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 60.50 534.90 Td (Same store portfolio) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.95 534.90 Td (1,310) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.95 534.90 Td (1,124) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 60.50 520.90 Td (Non-same store portfolio) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 459.45 520.90 Td (571) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.45 520.90 Td (24) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 69.50 506.90 Td (Total other property-related revenue on our statements of operations) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.95 506.90 Td (1,881) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.95 506.90 Td (1,148) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 478.90 Td (Property operating expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 60.50 464.90 Td (Same store portfolio) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.95 464.90 Td (13,102) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.95 464.90 Td (12,893) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 60.50 450.90 Td (Non-same store portfolio) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.95 450.90 Td (6,647) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.45 450.90 Td (384) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 69.50 436.90 Td (Total property operating expenses on our statements of operations) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.95 436.90 Td (19,749) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.95 436.90 Td (13,277) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 408.90 Td (Net operating income for:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 60.50 394.90 Td (Same store properties) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.95 394.90 Td (28,081) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.95 394.90 Td (25,730) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 60.50 380.90 Td (Non-same store properties) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.95 380.90 Td (11,895) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.45 380.90 Td (642) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 51.50 366.90 Td (Net operating income) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 446.95 366.90 Td (39,976) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.95 366.90 Td (26,372) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 338.90 Td (Management fees and other revenue) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 448.95 338.90 Td (\(1,838) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.50 338.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.50 338.90 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 324.90 Td (General and administrative expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.95 324.90 Td (7,181) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.95 324.90 Td (4,335) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 310.90 Td (Depreciation and amortization) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.95 310.90 Td (18,683) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.95 310.90 Td (10,892) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 69.50 296.90 Td (Income from operations on our statements of operations) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.50 296.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 446.95 296.90 Td (15,950) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.50 296.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.95 296.90 Td 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0 j 3 M 490 338.5 m 562 338.5 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 709.12 Td (Supplemental Schedule 8) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 690.72 Td (Selected Financial Information) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 678.45 Td (\(in thousands, except per square foot data\) \(unaudited\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 420.95 655.90 Td (Three Months Ended March 31,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 439.45 642.45 Td (2017) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.45 642.45 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 51.50 625.90 Td (Average Annualized Rental Revenue Per Occupied Square Foot) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 607.90 Td (Same store) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 416.50 607.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 459.95 607.90 Td (11.32) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 492.50 607.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.95 607.90 Td (10.67) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 593.90 Td (Total consolidated portfolio) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 416.50 593.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 459.95 593.90 Td (11.36) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 492.50 593.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.95 593.90 Td (10.63) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 51.50 569.90 Td (Total Consolidated Portfolio Capital Expenditures) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 551.90 Td (Recurring capital expenditures) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 416.50 551.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.45 551.90 Td (758) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 492.50 551.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.45 551.90 Td (512) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 537.90 Td (Revenue enhancing capital expenditures) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.45 537.90 Td (85) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.50 537.90 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 523.90 Td (Acquisitions capital expenditures) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 459.95 523.90 Td (2,260) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.45 523.90 Td (156) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 60.50 509.90 Td (Total Consolidated Portfolio Capital Expenditures) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 416.50 509.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 459.95 509.90 Td (3,103) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 492.50 509.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.45 509.90 Td (668) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 51.50 486.90 Td (Property Operating Expenses Detail) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 468.90 Td (Store payroll and related costs) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 416.50 468.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 459.95 468.90 Td (5,845) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 492.50 468.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.95 468.90 Td (4,018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 454.90 Td (Property tax expense) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 459.95 454.90 Td (4,783) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.95 454.90 Td (2,961) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 440.90 Td (Other property operating expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 459.95 440.90 Td (9,121) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.95 440.90 Td (6,298) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 426.90 Td (Property operating expenses on our statements of operations) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.50 426.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.95 426.90 Td (19,749) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 492.50 426.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.95 426.90 Td (13,277) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 51.50 402.90 Td (General and Administrative Expenses Detail) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 384.90 Td (Supervisory and administrative expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 416.50 384.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 459.95 384.90 Td (3,349) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 492.50 384.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.95 384.90 Td (2,221) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 370.90 Td (Equity-based compensation expense) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 467.45 370.90 Td (983) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.45 370.90 Td (598) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 356.90 Td (Other general and administrative expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 459.95 356.90 Td (2,849) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.95 356.90 Td (1,516) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 342.90 Td (General and administrative expenses on our statements of operations) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 416.50 342.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 459.95 342.90 Td (7,181) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 492.50 342.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.95 342.90 Td (4,335) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 57.00 0 0 47.00 50.00 732.50 cm /I21 Do Q endstream endobj 45 0 obj <> endobj 46 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.40 33.25 Td (20) Tj ET Q BT /F2 20.00 Tf ET q 0 0 0 rg BT 49.50 705.45 Td (Glossary) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 48 686.95 m 151 686.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151 686.95 m 254 686.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 686.95 m 357 686.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 686.95 m 460 686.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 686.95 m 563 686.95 l s BT /F1 10.00 Tf ET BT /F5 10.50 Tf ET q 0 0 0 rg BT 49.50 671.85 Td (This ) Tj ET Q q 0 0 0 rg BT 71.98 671.85 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 116.06 671.85 Td (Release ) Tj ET Q q 0 0 0 rg BT 157.23 671.85 Td (and ) Tj ET Q q 0 0 0 rg BT 177.39 671.85 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 244.25 671.85 Td (Information ) Tj ET Q q 0 0 0 rg BT 299.42 671.85 Td (include ) Tj ET Q q 0 0 0 rg BT 335.34 671.85 Td (certain ) Tj ET Q q 0 0 0 rg BT 369.50 671.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 410.67 671.85 Td (and ) Tj ET Q q 0 0 0 rg BT 430.83 671.85 Td (operating ) Tj ET Q q 0 0 0 rg BT 477.26 671.85 Td (measures ) Tj ET Q q 0 0 0 rg BT 526.00 671.85 Td (used ) Tj ET Q q 0 0 0 rg BT 551.41 671.85 Td (by ) Tj ET Q BT /F5 10.50 Tf ET q 0 0 0 rg BT 49.50 659.25 Td (NSA) Tj ET Q q 0 0 0 rg BT 70.70 659.25 Td ( ) Tj ET Q q 0 0 0 rg BT 74.39 659.25 Td (management ) Tj ET Q q 0 0 0 rg BT 139.37 659.25 Td (that ) Tj ET Q q 0 0 0 rg BT 160.58 659.25 Td (are ) Tj ET Q q 0 0 0 rg BT 179.44 659.25 Td (not ) Tj ET Q q 0 0 0 rg BT 197.73 659.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 248.71 659.25 Td (in ) Tj ET Q q 0 0 0 rg BT 260.57 659.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 318.55 659.25 Td (with ) Tj ET Q q 0 0 0 rg BT 340.91 659.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 395.39 659.25 Td (principles ) Tj ET Q q 0 0 0 rg BT 443.44 659.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 489.74 659.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 536.05 659.25 Td (in ) Tj ET Q q 0 0 0 rg BT 547.91 659.25 Td (the ) Tj ET Q BT /F5 10.50 Tf ET q 0 0 0 rg BT 49.50 646.65 Td (United ) Tj ET Q q 0 0 0 rg BT 82.08 646.65 Td (States, ) Tj ET Q q 0 0 0 rg BT 116.99 646.65 Td (or ) Tj ET Q q 0 0 0 rg BT 128.56 646.65 Td (GAAP) Tj ET Q q 0 0 0 rg BT 156.38 646.65 Td (. ) Tj ET Q q 0 0 0 rg BT 161.53 646.65 Td (NSA's ) Tj ET Q q 0 0 0 rg BT 192.60 646.65 Td (definitions ) Tj ET Q q 0 0 0 rg BT 242.11 646.65 Td (and ) Tj ET Q q 0 0 0 rg BT 261.86 646.65 Td (calculations ) Tj ET Q q 0 0 0 rg BT 318.95 646.65 Td (of ) Tj ET Q q 0 0 0 rg BT 329.94 646.65 Td (these ) Tj ET Q q 0 0 0 rg BT 357.85 646.65 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 407.66 646.65 Td ( ) Tj ET Q q 0 0 0 rg BT 409.89 646.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 450.64 646.65 Td (and ) Tj ET Q q 0 0 0 rg BT 470.39 646.65 Td (operating ) Tj ET Q q 0 0 0 rg BT 516.40 646.65 Td (measures ) Tj ET Q BT /F5 10.50 Tf ET q 0 0 0 rg BT 49.50 634.05 Td (and ) Tj ET Q q 0 0 0 rg BT 70.66 634.05 Td (other ) Tj ET Q q 0 0 0 rg BT 98.24 634.05 Td (terms ) Tj ET Q q 0 0 0 rg BT 128.14 634.05 Td (may ) Tj ET Q q 0 0 0 rg BT 151.62 634.05 Td (differ ) Tj ET Q q 0 0 0 rg BT 178.60 634.05 Td (from ) Tj ET Q q 0 0 0 rg BT 203.25 634.05 Td (the ) Tj ET Q q 0 0 0 rg BT 221.49 634.05 Td (definitions ) Tj ET Q q 0 0 0 rg BT 272.42 634.05 Td (and ) Tj ET Q q 0 0 0 rg BT 293.58 634.05 Td (methodologies ) Tj ET Q q 0 0 0 rg BT 365.52 634.05 Td (used ) Tj ET Q q 0 0 0 rg BT 391.94 634.05 Td (by ) Tj ET Q q 0 0 0 rg BT 406.67 634.05 Td (other ) Tj ET Q q 0 0 0 rg BT 434.25 634.05 Td (real ) Tj ET Q q 0 0 0 rg BT 455.40 634.05 Td (estate ) Tj ET Q q 0 0 0 rg BT 487.65 634.05 Td (companies ) Tj ET Q q 0 0 0 rg BT 542.07 634.05 Td (and, ) Tj ET Q BT /F5 10.50 Tf ET q 0 0 0 rg BT 49.50 621.45 Td (accordingly) Tj ET Q q 0 0 0 rg BT 101.83 621.45 Td (, ) Tj ET Q q 0 0 0 rg BT 110.27 621.45 Td (may ) Tj ET Q q 0 0 0 rg BT 135.62 621.45 Td (not ) Tj ET Q q 0 0 0 rg BT 155.73 621.45 Td (be ) Tj ET Q q 0 0 0 rg BT 172.93 621.45 Td (comparable. ) Tj ET Q q 0 0 0 rg BT 236.23 621.45 Td (These ) Tj ET Q q 0 0 0 rg BT 270.93 621.45 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 320.73 621.45 Td ( ) Tj ET Q q 0 0 0 rg BT 326.25 621.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 370.29 621.45 Td (and ) Tj ET Q q 0 0 0 rg BT 393.33 621.45 Td (operating ) Tj ET Q q 0 0 0 rg BT 442.63 621.45 Td (measures ) Tj ET Q q 0 0 0 rg BT 494.25 621.45 Td (should ) Tj ET Q q 0 0 0 rg BT 530.71 621.45 Td (not ) Tj ET Q q 0 0 0 rg BT 550.82 621.45 Td (be ) Tj ET Q BT /F5 10.50 Tf ET q 0 0 0 rg BT 49.50 608.85 Td (considered ) Tj ET Q q 0 0 0 rg BT 103.47 608.85 Td (an ) Tj ET Q q 0 0 0 rg BT 117.74 608.85 Td (alternative ) Tj ET Q q 0 0 0 rg BT 168.79 608.85 Td (to ) Tj ET Q q 0 0 0 rg BT 180.15 608.85 Td (GAAP) Tj ET Q q 0 0 0 rg BT 208.93 608.85 Td ( ) Tj ET Q q 0 0 0 rg BT 211.53 608.85 Td (net ) Tj ET Q q 0 0 0 rg BT 228.73 608.85 Td (income ) Tj ET Q q 0 0 0 rg BT 265.17 608.85 Td (or ) Tj ET Q q 0 0 0 rg BT 277.11 608.85 Td (any ) Tj ET Q q 0 0 0 rg BT 296.64 608.85 Td (other ) Tj ET Q q 0 0 0 rg BT 323.17 608.85 Td (GAAP) Tj ET Q q 0 0 0 rg BT 351.96 608.85 Td ( ) Tj ET Q q 0 0 0 rg BT 354.55 608.85 Td (measurement ) Tj ET Q q 0 0 0 rg BT 421.35 608.85 Td (of ) Tj ET Q q 0 0 0 rg BT 432.70 608.85 Td (performance ) Tj ET Q q 0 0 0 rg BT 494.25 608.85 Td (and ) Tj ET Q q 0 0 0 rg BT 514.37 608.85 Td (should ) Tj ET Q q 0 0 0 rg BT 547.91 608.85 Td (not ) Tj ET Q BT /F5 10.50 Tf ET q 0 0 0 rg BT 49.50 596.25 Td (be ) Tj ET Q q 0 0 0 rg BT 64.10 596.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 118.38 596.25 Td (an ) Tj ET Q q 0 0 0 rg BT 132.98 596.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 184.34 596.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 228.11 596.25 Td (of ) Tj ET Q q 0 0 0 rg BT 239.79 596.25 Td (liquidity) Tj ET Q q 0 0 0 rg BT 274.03 596.25 Td (.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 48 585.75 m 151 585.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151 585.75 m 254 585.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 585.75 m 357 585.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 585.75 m 460 585.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 585.75 m 563 585.75 l s BT /F1 10.00 Tf ET BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 567.65 Td (A) Tj ET Q q 0 0 0 rg BT 56.30 567.65 Td (VERAGE ) Tj ET Q q 0 0 0 rg BT 103.44 567.65 Td (ANNUALIZED ) Tj ET Q q 0 0 0 rg BT 174.91 567.65 Td (RENT) Tj ET Q q 0 0 0 rg BT 202.72 567.65 Td (AL) Tj ET Q q 0 0 0 rg BT 216.53 567.65 Td ( ) Tj ET Q q 0 0 0 rg BT 219.75 567.65 Td (REVENUE ) Tj ET Q q 0 0 0 rg BT 273.74 567.65 Td (PER ) Tj ET Q q 0 0 0 rg BT 298.55 567.65 Td (OCCUPIED ) Tj ET Q q 0 0 0 rg BT 357.20 567.65 Td (SQUARE ) Tj ET Q q 0 0 0 rg BT 405.35 567.65 Td (FOOT) Tj ET Q q 0 0 0 rg BT 433.35 567.65 Td (: ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 440.07 567.65 Td (A) Tj ET Q q 0 0 0 rg BT 446.89 567.65 Td (verage ) Tj ET Q q 0 0 0 rg BT 482.22 567.65 Td (annualized ) Tj ET Q q 0 0 0 rg BT 536.24 567.65 Td (rental ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 555.05 Td (revenue ) Tj ET Q q 0 0 0 rg BT 91.60 555.05 Td (per ) Tj ET Q q 0 0 0 rg BT 110.94 555.05 Td (occupied ) Tj ET Q q 0 0 0 rg BT 157.12 555.05 Td (square ) Tj ET Q q 0 0 0 rg BT 193.39 555.05 Td (foot ) Tj ET Q q 0 0 0 rg BT 215.06 555.05 Td (is ) Tj ET Q q 0 0 0 rg BT 226.80 555.05 Td (computed ) Tj ET Q q 0 0 0 rg BT 277.07 555.05 Td (by ) Tj ET Q q 0 0 0 rg BT 292.31 555.05 Td (dividing ) Tj ET Q q 0 0 0 rg BT 332.08 555.05 Td (annualized ) Tj ET Q q 0 0 0 rg BT 387.03 555.05 Td (rental ) Tj ET Q q 0 0 0 rg BT 417.46 555.05 Td (revenue ) Tj ET Q q 0 0 0 rg BT 459.56 555.05 Td (per ) Tj ET Q q 0 0 0 rg BT 478.89 555.05 Td (our ) Tj ET Q q 0 0 0 rg BT 498.22 555.05 Td (statements ) Tj ET Q q 0 0 0 rg BT 553.74 555.05 Td (of ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 542.45 Td (operations ) Tj ET Q q 0 0 0 rg BT 101.45 542.45 Td (\(which ) Tj ET Q q 0 0 0 rg BT 134.71 542.45 Td (includes ) Tj ET Q q 0 0 0 rg BT 176.16 542.45 Td (fees ) Tj ET Q q 0 0 0 rg BT 198.92 542.45 Td (and ) Tj ET Q q 0 0 0 rg BT 219.36 542.45 Td (is ) Tj ET Q q 0 0 0 rg BT 229.86 542.45 Td (net ) Tj ET Q q 0 0 0 rg BT 247.37 542.45 Td (of ) Tj ET Q q 0 0 0 rg BT 259.05 542.45 Td (any ) Tj ET Q q 0 0 0 rg BT 278.90 542.45 Td (discounts\) ) Tj ET Q q 0 0 0 rg BT 329.67 542.45 Td (by ) Tj ET Q q 0 0 0 rg BT 343.68 542.45 Td (average ) Tj ET Q q 0 0 0 rg BT 384.54 542.45 Td (occupied ) Tj ET Q q 0 0 0 rg BT 429.49 542.45 Td (square ) Tj ET Q q 0 0 0 rg BT 464.51 542.45 Td (feet. ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 525.85 Td (A) Tj ET Q q 0 0 0 rg BT 56.30 525.85 Td (VERAGE ) Tj ET Q q 0 0 0 rg BT 103.08 525.85 Td (OCCUP) Tj ET Q q 0 0 0 rg BT 140.23 525.85 Td (ANCY) Tj ET Q q 0 0 0 rg BT 169.20 525.85 Td (: ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 175.13 525.85 Td (A) Tj ET Q q 0 0 0 rg BT 181.95 525.85 Td (verage ) Tj ET Q q 0 0 0 rg BT 216.49 525.85 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 269.13 525.85 Td (is ) Tj ET Q q 0 0 0 rg BT 279.15 525.85 Td (calculated ) Tj ET Q q 0 0 0 rg BT 328.87 525.85 Td (based ) Tj ET Q q 0 0 0 rg BT 359.91 525.85 Td (on ) Tj ET Q q 0 0 0 rg BT 374.03 525.85 Td (the ) Tj ET Q q 0 0 0 rg BT 391.07 525.85 Td (average ) Tj ET Q q 0 0 0 rg BT 431.45 525.85 Td (of ) Tj ET Q q 0 0 0 rg BT 442.64 525.85 Td (the ) Tj ET Q q 0 0 0 rg BT 459.68 525.85 Td (month-end ) Tj ET Q q 0 0 0 rg BT 512.32 525.85 Td (occupancy ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 513.25 Td (immediately ) Tj ET Q q 0 0 0 rg BT 108.65 513.25 Td (preceding ) Tj ET Q q 0 0 0 rg BT 157.91 513.25 Td (the ) Tj ET Q q 0 0 0 rg BT 175.64 513.25 Td (period ) Tj ET Q q 0 0 0 rg BT 207.96 513.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 257.80 513.25 Td (and ) Tj ET Q q 0 0 0 rg BT 278.46 513.25 Td (the ) Tj ET Q q 0 0 0 rg BT 296.19 513.25 Td (month-end ) Tj ET Q q 0 0 0 rg BT 349.53 513.25 Td (occupancies ) Tj ET Q q 0 0 0 rg BT 411.03 513.25 Td (included ) Tj ET Q q 0 0 0 rg BT 453.28 513.25 Td (in ) Tj ET Q q 0 0 0 rg BT 464.59 513.25 Td (the ) Tj ET Q q 0 0 0 rg BT 482.32 513.25 Td (respective ) Tj ET Q q 0 0 0 rg BT 533.32 513.25 Td (period ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 500.65 Td (presented.) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 484.05 Td (CAPIT) Tj ET Q q 0 0 0 rg BT 80.22 484.05 Td (AL) Tj ET Q q 0 0 0 rg BT 94.03 484.05 Td ( ) Tj ET Q q 0 0 0 rg BT 96.95 484.05 Td (EXPENDITURES ) Tj ET Q q 0 0 0 rg BT 181.55 484.05 Td (DEFINITIONS) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 81.00 467.45 Td (ACQUISITIONS ) Tj ET Q q 0 0 0 rg BT 159.55 467.45 Td (CAPIT) Tj ET Q q 0 0 0 rg BT 190.27 467.45 Td (AL) Tj ET Q q 0 0 0 rg BT 204.08 467.45 Td ( ) Tj ET Q q 0 0 0 rg BT 206.79 467.45 Td (EXPENDITURES: ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 294.67 467.45 Td (Acquisitions ) Tj ET Q q 0 0 0 rg BT 353.41 467.45 Td (capital ) Tj ET Q q 0 0 0 rg BT 386.47 467.45 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 449.31 467.45 Td (represents ) Tj ET Q q 0 0 0 rg BT 501.62 467.45 Td (the ) Tj ET Q q 0 0 0 rg BT 518.93 467.45 Td (portion ) Tj ET Q q 0 0 0 rg BT 553.74 467.45 Td (of ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 81.00 454.85 Td (capital ) Tj ET Q q 0 0 0 rg BT 114.39 454.85 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 177.56 454.85 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 230.21 454.85 Td (during ) Tj ET Q q 0 0 0 rg BT 262.44 454.85 Td (the ) Tj ET Q q 0 0 0 rg BT 280.07 454.85 Td (current ) Tj ET Q q 0 0 0 rg BT 315.79 454.85 Td (period ) Tj ET Q q 0 0 0 rg BT 348.02 454.85 Td (that ) Tj ET Q q 0 0 0 rg BT 368.57 454.85 Td (were ) Tj ET Q q 0 0 0 rg BT 394.37 454.85 Td (identified ) Tj ET Q q 0 0 0 rg BT 439.44 454.85 Td (and ) Tj ET Q q 0 0 0 rg BT 460.00 454.85 Td (underwritten ) Tj ET Q q 0 0 0 rg BT 520.82 454.85 Td (prior ) Tj ET Q q 0 0 0 rg BT 544.87 454.85 Td (to ) Tj ET Q q 0 0 0 rg BT 556.66 454.85 Td (a ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 81.00 442.25 Td (property's ) Tj ET Q q 0 0 0 rg BT 129.69 442.25 Td (acquisition. ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 81.00 425.65 Td (RECURRING ) Tj ET Q q 0 0 0 rg BT 146.27 425.65 Td (CAPIT) Tj ET Q q 0 0 0 rg BT 176.99 425.65 Td (AL) Tj ET Q q 0 0 0 rg BT 190.79 425.65 Td ( ) Tj ET Q q 0 0 0 rg BT 192.47 425.65 Td (EXPENDITURES: ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 279.33 425.65 Td (Recurring ) Tj ET Q q 0 0 0 rg BT 326.53 425.65 Td (capital ) Tj ET Q q 0 0 0 rg BT 358.57 425.65 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 420.37 425.65 Td (represents ) Tj ET Q q 0 0 0 rg BT 471.66 425.65 Td (the ) Tj ET Q q 0 0 0 rg BT 487.94 425.65 Td (portion ) Tj ET Q q 0 0 0 rg BT 521.72 425.65 Td (of ) Tj ET Q q 0 0 0 rg BT 532.16 425.65 Td (capital ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 81.00 413.05 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 143.29 413.05 Td (that ) Tj ET Q q 0 0 0 rg BT 162.97 413.05 Td (are ) Tj ET Q q 0 0 0 rg BT 180.30 413.05 Td (deemed ) Tj ET Q q 0 0 0 rg BT 220.41 413.05 Td (toreplace ) Tj ET Q q 0 0 0 rg BT 268.69 413.05 Td (the ) Tj ET Q q 0 0 0 rg BT 285.45 413.05 Td (consumed ) Tj ET Q q 0 0 0 rg BT 336.06 413.05 Td (portion ) Tj ET Q q 0 0 0 rg BT 370.33 413.05 Td (of ) Tj ET Q q 0 0 0 rg BT 381.25 413.05 Td (acquired ) Tj ET Q q 0 0 0 rg BT 423.69 413.05 Td (capital ) Tj ET Q q 0 0 0 rg BT 456.20 413.05 Td (assets ) Tj ET Q q 0 0 0 rg BT 488.71 413.05 Td (and ) Tj ET Q q 0 0 0 rg BT 508.40 413.05 Td (extend ) Tj ET Q q 0 0 0 rg BT 542.08 413.05 Td (their ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 81.00 400.45 Td (useful ) Tj ET Q q 0 0 0 rg BT 111.94 400.45 Td (lives.) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 81.00 383.85 Td (REVENUE ) Tj ET Q q 0 0 0 rg BT 139.83 383.85 Td (ENHANCING ) Tj ET Q q 0 0 0 rg BT 211.48 383.85 Td (CAPIT) Tj ET Q q 0 0 0 rg BT 242.20 383.85 Td (AL) Tj ET Q q 0 0 0 rg BT 256.01 383.85 Td ( ) Tj ET Q q 0 0 0 rg BT 264.08 383.85 Td (EXPENDITURES: ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 357.33 383.85 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 407.43 383.85 Td (enhancing ) Tj ET Q q 0 0 0 rg BT 463.95 383.85 Td (capital ) Tj ET Q q 0 0 0 rg BT 502.37 383.85 Td (expenditures ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 81.00 371.25 Td (represents ) Tj ET Q q 0 0 0 rg BT 132.80 371.25 Td (the ) Tj ET Q q 0 0 0 rg BT 149.59 371.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 183.89 371.25 Td (of ) Tj ET Q q 0 0 0 rg BT 194.83 371.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 227.38 371.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 289.70 371.25 Td (that ) Tj ET Q q 0 0 0 rg BT 309.40 371.25 Td (are ) Tj ET Q q 0 0 0 rg BT 326.77 371.25 Td (made ) Tj ET Q q 0 0 0 rg BT 355.23 371.25 Td (to ) Tj ET Q q 0 0 0 rg BT 366.17 371.25 Td (enhance ) Tj ET Q q 0 0 0 rg BT 408.65 371.25 Td (the ) Tj ET Q q 0 0 0 rg BT 425.44 371.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 465.58 371.25 Td (and ) Tj ET Q q 0 0 0 rg BT 485.29 371.25 Td (value ) Tj ET Q q 0 0 0 rg BT 512.58 371.25 Td (of ) Tj ET Q q 0 0 0 rg BT 523.53 371.25 Td (an ) Tj ET Q q 0 0 0 rg BT 537.40 371.25 Td (asset ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 81.00 358.65 Td (from ) Tj ET Q q 0 0 0 rg BT 104.92 358.65 Td (its ) Tj ET Q q 0 0 0 rg BT 118.34 358.65 Td (original ) Tj ET Q q 0 0 0 rg BT 155.11 358.65 Td (purchase ) Tj ET Q q 0 0 0 rg BT 201.22 358.65 Td (condition.) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 342.05 Td (EBITDA: ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 95.39 342.05 Td (W) Tj ET Q q 0 0 0 rg BT 105.11 342.05 Td (e ) Tj ET Q q 0 0 0 rg BT 114.25 342.05 Td (define ) Tj ET Q q 0 0 0 rg BT 146.17 342.05 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 183.52 342.05 Td ( ) Tj ET Q q 0 0 0 rg BT 186.82 342.05 Td (as ) Tj ET Q q 0 0 0 rg BT 201.22 342.05 Td (net ) Tj ET Q q 0 0 0 rg BT 219.12 342.05 Td (income ) Tj ET Q q 0 0 0 rg BT 256.28 342.05 Td (\(loss\), ) Tj ET Q q 0 0 0 rg BT 288.17 342.05 Td (as ) Tj ET Q q 0 0 0 rg BT 302.56 342.05 Td (determined ) Tj ET Q q 0 0 0 rg BT 358.40 342.05 Td (under ) Tj ET Q q 0 0 0 rg BT 388.56 342.05 Td (GAAP) Tj ET Q q 0 0 0 rg BT 416.39 342.05 Td (, ) Tj ET Q q 0 0 0 rg BT 422.61 342.05 Td (plus ) Tj ET Q q 0 0 0 rg BT 445.18 342.05 Td (interest ) Tj ET Q q 0 0 0 rg BT 482.92 342.05 Td (expense, ) Tj ET Q q 0 0 0 rg BT 528.84 342.05 Td (loss ) Tj ET Q q 0 0 0 rg BT 550.82 342.05 Td (on ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 329.45 Td (early ) Tj ET Q q 0 0 0 rg BT 75.60 329.45 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 149.57 329.45 Td (of ) Tj ET Q q 0 0 0 rg BT 161.67 329.45 Td (debt, ) Tj ET Q q 0 0 0 rg BT 188.36 329.45 Td (income ) Tj ET Q q 0 0 0 rg BT 225.56 329.45 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 256.91 329.45 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 317.46 329.45 Td (and ) Tj ET Q q 0 0 0 rg BT 338.32 329.45 Td (amortization ) Tj ET Q q 0 0 0 rg BT 398.86 329.45 Td (expense ) Tj ET Q q 0 0 0 rg BT 441.90 329.45 Td (and ) Tj ET Q q 0 0 0 rg BT 462.76 329.45 Td (the ) Tj ET Q q 0 0 0 rg BT 480.70 329.45 Td (Company's ) Tj ET Q q 0 0 0 rg BT 536.24 329.45 Td (share ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 316.85 Td (of ) Tj ET Q q 0 0 0 rg BT 60.52 316.85 Td (unconsolidated ) Tj ET Q q 0 0 0 rg BT 133.42 316.85 Td (real ) Tj ET Q q 0 0 0 rg BT 153.18 316.85 Td (estate ) Tj ET Q q 0 0 0 rg BT 184.04 316.85 Td (venture ) Tj ET Q q 0 0 0 rg BT 221.33 316.85 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 280.79 316.85 Td (and ) Tj ET Q q 0 0 0 rg BT 300.57 316.85 Td (amortization. ) Tj ET Q q 0 0 0 rg BT 362.94 316.85 Td (W) Tj ET Q q 0 0 0 rg BT 372.66 316.85 Td (e ) Tj ET Q q 0 0 0 rg BT 380.76 316.85 Td (define ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 411.62 316.85 Td (ADJUSTED ) Tj ET Q q 0 0 0 rg BT 470.48 316.85 Td (EBITDA) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 509.56 316.85 Td ( ) Tj ET Q q 0 0 0 rg BT 511.82 316.85 Td (as ) Tj ET Q q 0 0 0 rg BT 525.16 316.85 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 562.51 316.85 Td ( ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 304.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 70.35 304.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 121.56 304.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 150.58 304.25 Td (the ) Tj ET Q q 0 0 0 rg BT 166.77 304.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 220.55 304.25 Td (share ) Tj ET Q q 0 0 0 rg BT 248.41 304.25 Td (of ) Tj ET Q q 0 0 0 rg BT 258.76 304.25 Td (unconsolidated ) Tj ET Q q 0 0 0 rg BT 330.99 304.25 Td (real ) Tj ET Q q 0 0 0 rg BT 350.09 304.25 Td (estate ) Tj ET Q q 0 0 0 rg BT 380.29 304.25 Td (venture ) Tj ET Q q 0 0 0 rg BT 416.90 304.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 468.11 304.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 497.12 304.25 Td (organizational ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 291.65 Td (and ) Tj ET Q q 0 0 0 rg BT 70.67 291.65 Td (of) Tj ET Q q 0 0 0 rg BT 79.23 291.65 Td (fering ) Tj ET Q q 0 0 0 rg BT 109.14 291.65 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 160.66 291.65 Td (equity-based ) Tj ET Q q 0 0 0 rg BT 224.43 291.65 Td (compensation ) Tj ET Q q 0 0 0 rg BT 293.45 291.65 Td (expense, ) Tj ET Q q 0 0 0 rg BT 339.71 291.65 Td (losses ) Tj ET Q q 0 0 0 rg BT 373.12 291.65 Td (on ) Tj ET Q q 0 0 0 rg BT 388.45 291.65 Td (sale ) Tj ET Q q 0 0 0 rg BT 411.35 291.65 Td (of ) Tj ET Q q 0 0 0 rg BT 423.76 291.65 Td (properties, ) Tj ET Q q 0 0 0 rg BT 477.01 291.65 Td (and ) Tj ET Q q 0 0 0 rg BT 498.18 291.65 Td (impairment ) Tj ET Q q 0 0 0 rg BT 553.76 291.65 Td (of ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 279.05 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 96.63 279.05 Td (assets; ) Tj ET Q q 0 0 0 rg BT 132.08 279.05 Td (and ) Tj ET Q q 0 0 0 rg BT 151.78 279.05 Td (by ) Tj ET Q q 0 0 0 rg BT 165.05 279.05 Td (subtracting ) Tj ET Q q 0 0 0 rg BT 218.60 279.05 Td (gains ) Tj ET Q q 0 0 0 rg BT 245.89 279.05 Td (on ) Tj ET Q q 0 0 0 rg BT 259.75 279.05 Td (sale ) Tj ET Q q 0 0 0 rg BT 281.20 279.05 Td (of ) Tj ET Q q 0 0 0 rg BT 292.14 279.05 Td (properties ) Tj ET Q q 0 0 0 rg BT 341.01 279.05 Td (and ) Tj ET Q q 0 0 0 rg BT 360.72 279.05 Td (debt ) Tj ET Q q 0 0 0 rg BT 383.34 279.05 Td (forgiveness. ) Tj ET Q q 0 0 0 rg BT 441.99 279.05 Td (These ) Tj ET Q q 0 0 0 rg BT 473.36 279.05 Td (further ) Tj ET Q q 0 0 0 rg BT 505.89 279.05 Td (adjustments ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 266.45 Td (eliminate ) Tj ET Q q 0 0 0 rg BT 94.13 266.45 Td (the ) Tj ET Q q 0 0 0 rg BT 111.33 266.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 144.86 266.45 Td (of ) Tj ET Q q 0 0 0 rg BT 156.23 266.45 Td (items ) Tj ET Q q 0 0 0 rg BT 183.92 266.45 Td (that ) Tj ET Q q 0 0 0 rg BT 204.04 266.45 Td (we ) Tj ET Q q 0 0 0 rg BT 220.07 266.45 Td (do ) Tj ET Q q 0 0 0 rg BT 234.35 266.45 Td (not ) Tj ET Q q 0 0 0 rg BT 251.55 266.45 Td (consider ) Tj ET Q q 0 0 0 rg BT 293.85 266.45 Td (indicative ) Tj ET Q q 0 0 0 rg BT 340.23 266.45 Td (of ) Tj ET Q q 0 0 0 rg BT 351.59 266.45 Td (our ) Tj ET Q q 0 0 0 rg BT 369.37 266.45 Td (core ) Tj ET Q q 0 0 0 rg BT 392.41 266.45 Td (operating ) Tj ET Q q 0 0 0 rg BT 438.80 266.45 Td (performance. ) Tj ET Q q 0 0 0 rg BT 503.27 266.45 Td (In ) Tj ET Q q 0 0 0 rg BT 514.63 266.45 Td (evaluating ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 253.85 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 86.85 253.85 Td ( ) Tj ET Q q 0 0 0 rg BT 89.36 253.85 Td (and ) Tj ET Q q 0 0 0 rg BT 108.89 253.85 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 152.26 253.85 Td (EBITDA, ) Tj ET Q q 0 0 0 rg BT 195.62 253.85 Td (you ) Tj ET Q q 0 0 0 rg BT 215.06 253.85 Td (should ) Tj ET Q q 0 0 0 rg BT 248.51 253.85 Td (be ) Tj ET Q q 0 0 0 rg BT 262.71 253.85 Td (aware ) Tj ET Q q 0 0 0 rg BT 293.82 253.85 Td (that ) Tj ET Q q 0 0 0 rg BT 313.84 253.85 Td (in ) Tj ET Q q 0 0 0 rg BT 324.53 253.85 Td (the ) Tj ET Q q 0 0 0 rg BT 341.64 253.85 Td (future ) Tj ET Q q 0 0 0 rg BT 371.00 253.85 Td (we ) Tj ET Q q 0 0 0 rg BT 386.93 253.85 Td (may ) Tj ET Q q 0 0 0 rg BT 409.28 253.85 Td (incur ) Tj ET Q q 0 0 0 rg BT 434.55 253.85 Td (expenses ) Tj ET Q q 0 0 0 rg BT 482.01 253.85 Td (that ) Tj ET Q q 0 0 0 rg BT 502.04 253.85 Td (are ) Tj ET Q q 0 0 0 rg BT 519.73 253.85 Td (the ) Tj ET Q q 0 0 0 rg BT 536.84 253.85 Td (same ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 241.25 Td (as ) Tj ET Q q 0 0 0 rg BT 63.30 241.25 Td (or ) Tj ET Q q 0 0 0 rg BT 75.34 241.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 108.38 241.25 Td (to ) Tj ET Q q 0 0 0 rg BT 119.85 241.25 Td (some ) Tj ET Q q 0 0 0 rg BT 148.23 241.25 Td (of ) Tj ET Q q 0 0 0 rg BT 159.70 241.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.00 241.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 236.32 241.25 Td (in ) Tj ET Q q 0 0 0 rg BT 247.21 241.25 Td (this ) Tj ET Q q 0 0 0 rg BT 266.25 241.25 Td (presentation. ) Tj ET Q q 0 0 0 rg BT 329.67 241.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 349.88 241.25 Td (presentation ) Tj ET Q q 0 0 0 rg BT 410.39 241.25 Td (of ) Tj ET Q q 0 0 0 rg BT 421.85 241.25 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 459.20 241.25 Td ( ) Tj ET Q q 0 0 0 rg BT 461.90 241.25 Td (and ) Tj ET Q q 0 0 0 rg BT 481.59 241.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 525.17 241.25 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 562.51 241.25 Td ( ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 228.65 Td (should ) Tj ET Q q 0 0 0 rg BT 83.88 228.65 Td (not ) Tj ET Q q 0 0 0 rg BT 101.92 228.65 Td (be ) Tj ET Q q 0 0 0 rg BT 117.04 228.65 Td (construed ) Tj ET Q q 0 0 0 rg BT 166.59 228.65 Td (as ) Tj ET Q q 0 0 0 rg BT 181.12 228.65 Td (an ) Tj ET Q q 0 0 0 rg BT 196.24 228.65 Td (inference ) Tj ET Q q 0 0 0 rg BT 242.87 228.65 Td (that ) Tj ET Q q 0 0 0 rg BT 263.82 228.65 Td (our ) Tj ET Q q 0 0 0 rg BT 282.44 228.65 Td (future ) Tj ET Q q 0 0 0 rg BT 312.73 228.65 Td (results ) Tj ET Q q 0 0 0 rg BT 347.10 228.65 Td (will ) Tj ET Q q 0 0 0 rg BT 365.12 228.65 Td (be ) Tj ET Q q 0 0 0 rg BT 380.24 228.65 Td (unaf) Tj ET Q q 0 0 0 rg BT 400.48 228.65 Td (fected ) Tj ET Q q 0 0 0 rg BT 432.53 228.65 Td (by ) Tj ET Q q 0 0 0 rg BT 447.05 228.65 Td (unusual ) Tj ET Q q 0 0 0 rg BT 487.28 228.65 Td (or ) Tj ET Q q 0 0 0 rg BT 500.05 228.65 Td (non-recurring ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 216.05 Td (items.) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 67.50 199.45 Td (W) Tj ET Q q 0 0 0 rg BT 77.22 199.45 Td (e ) Tj ET Q q 0 0 0 rg BT 84.61 199.45 Td (present ) Tj ET Q q 0 0 0 rg BT 121.19 199.45 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 158.54 199.45 Td ( ) Tj ET Q q 0 0 0 rg BT 160.09 199.45 Td (and ) Tj ET Q q 0 0 0 rg BT 178.86 199.45 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 221.27 199.45 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 258.62 199.45 Td ( ) Tj ET Q q 0 0 0 rg BT 260.17 199.45 Td (because ) Tj ET Q q 0 0 0 rg BT 301.43 199.45 Td (we ) Tj ET Q q 0 0 0 rg BT 316.41 199.45 Td (believe ) Tj ET Q q 0 0 0 rg BT 351.23 199.45 Td (they ) Tj ET Q q 0 0 0 rg BT 372.64 199.45 Td (assist ) Tj ET Q q 0 0 0 rg BT 401.03 199.45 Td (investors ) Tj ET Q q 0 0 0 rg BT 444.60 199.45 Td (and ) Tj ET Q q 0 0 0 rg BT 463.68 199.45 Td (analysts ) Tj ET Q q 0 0 0 rg BT 503.75 199.45 Td (in ) Tj ET Q q 0 0 0 rg BT 513.48 199.45 Td (comparing ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 186.85 Td (our ) Tj ET Q q 0 0 0 rg BT 68.00 186.85 Td (performance ) Tj ET Q q 0 0 0 rg BT 130.27 186.85 Td (across ) Tj ET Q q 0 0 0 rg BT 164.53 186.85 Td (reporting ) Tj ET Q q 0 0 0 rg BT 209.30 186.85 Td (periods ) Tj ET Q q 0 0 0 rg BT 247.06 186.85 Td (on ) Tj ET Q q 0 0 0 rg BT 262.07 186.85 Td (a ) Tj ET Q q 0 0 0 rg BT 271.23 186.85 Td (consistent ) Tj ET Q q 0 0 0 rg BT 321.84 186.85 Td (basis ) Tj ET Q q 0 0 0 rg BT 349.68 186.85 Td (by ) Tj ET Q q 0 0 0 rg BT 364.09 186.85 Td (excluding ) Tj ET Q q 0 0 0 rg BT 411.78 186.85 Td (items ) Tj ET Q q 0 0 0 rg BT 440.20 186.85 Td (that ) Tj ET Q q 0 0 0 rg BT 461.04 186.85 Td (we ) Tj ET Q q 0 0 0 rg BT 477.79 186.85 Td (do ) Tj ET Q q 0 0 0 rg BT 492.79 186.85 Td (not ) Tj ET Q q 0 0 0 rg BT 510.72 186.85 Td (believe ) Tj ET Q q 0 0 0 rg BT 547.32 186.85 Td (are ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 174.25 Td (indicative ) Tj ET Q q 0 0 0 rg BT 96.91 174.25 Td (of ) Tj ET Q q 0 0 0 rg BT 109.30 174.25 Td (our ) Tj ET Q q 0 0 0 rg BT 128.11 174.25 Td (core ) Tj ET Q q 0 0 0 rg BT 152.17 174.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 199.59 174.25 Td (performance. ) Tj ET Q q 0 0 0 rg BT 265.09 174.25 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 302.43 174.25 Td ( ) Tj ET Q q 0 0 0 rg BT 306.07 174.25 Td (and ) Tj ET Q q 0 0 0 rg BT 326.50 174.25 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 371.00 174.25 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 408.34 174.25 Td ( ) Tj ET Q q 0 0 0 rg BT 411.98 174.25 Td (have ) Tj ET Q q 0 0 0 rg BT 438.38 174.25 Td (limitations ) Tj ET Q q 0 0 0 rg BT 488.70 174.25 Td (as ) Tj ET Q q 0 0 0 rg BT 503.42 174.25 Td (an ) Tj ET Q q 0 0 0 rg BT 518.73 174.25 Td (analytical ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 161.65 Td (tool. ) Tj ET Q q 0 0 0 rg BT 72.27 161.65 Td (Some ) Tj ET Q q 0 0 0 rg BT 102.61 161.65 Td (of ) Tj ET Q q 0 0 0 rg BT 114.29 161.65 Td (these ) Tj ET Q q 0 0 0 rg BT 142.89 161.65 Td (limitations ) Tj ET Q q 0 0 0 rg BT 192.49 161.65 Td (are:) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 67.50 145.05 Td ( ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 145.05 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 122.85 145.05 Td ( ) Tj ET Q q 0 0 0 rg BT 126.15 145.05 Td (and ) Tj ET Q q 0 0 0 rg BT 146.33 145.05 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 190.50 145.05 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 227.84 145.05 Td ( ) Tj ET Q q 0 0 0 rg BT 231.15 145.05 Td (do ) Tj ET Q q 0 0 0 rg BT 246.14 145.05 Td (not ) Tj ET Q q 0 0 0 rg BT 264.05 145.05 Td (reflect ) Tj ET Q q 0 0 0 rg BT 295.95 145.05 Td (our ) Tj ET Q q 0 0 0 rg BT 314.44 145.05 Td (cash ) Tj ET Q q 0 0 0 rg BT 339.93 145.05 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 406.28 145.05 Td (or ) Tj ET Q q 0 0 0 rg BT 418.92 145.05 Td (future ) Tj ET Q q 0 0 0 rg BT 449.08 145.05 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 516.59 145.05 Td (for ) Tj ET Q q 0 0 0 rg BT 532.15 145.05 Td (capital ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 132.45 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 151.46 132.45 Td (contractual ) Tj ET Q q 0 0 0 rg BT 205.74 132.45 Td (commitments ) Tj ET Q q 0 0 0 rg BT 271.09 132.45 Td (or ) Tj ET Q q 0 0 0 rg BT 283.34 132.45 Td (working ) Tj ET Q q 0 0 0 rg BT 322.44 132.45 Td (capital ) Tj ET Q q 0 0 0 rg BT 355.71 132.45 Td (needs;) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 67.50 115.85 Td ( ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 115.85 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 122.85 115.85 Td ( ) Tj ET Q q 0 0 0 rg BT 125.99 115.85 Td (and ) Tj ET Q q 0 0 0 rg BT 146.02 115.85 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 190.02 115.85 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 227.37 115.85 Td ( ) Tj ET Q q 0 0 0 rg BT 230.51 115.85 Td (do ) Tj ET Q q 0 0 0 rg BT 245.33 115.85 Td (not ) Tj ET Q q 0 0 0 rg BT 263.07 115.85 Td (reflect ) Tj ET Q q 0 0 0 rg BT 294.80 115.85 Td (the ) Tj ET Q q 0 0 0 rg BT 312.54 115.85 Td (significant ) Tj ET Q q 0 0 0 rg BT 362.37 115.85 Td (interest ) Tj ET Q q 0 0 0 rg BT 399.94 115.85 Td (expense, ) Tj ET Q q 0 0 0 rg BT 445.70 115.85 Td (or ) Tj ET Q q 0 0 0 rg BT 458.18 115.85 Td (the ) Tj ET Q q 0 0 0 rg BT 475.91 115.85 Td (cash ) Tj ET Q q 0 0 0 rg BT 501.23 115.85 Td (requirements ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 103.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 136.27 103.25 Td (to ) Tj ET Q q 0 0 0 rg BT 147.95 103.25 Td (service ) Tj ET Q q 0 0 0 rg BT 184.13 103.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 221.48 103.25 Td (or ) Tj ET Q q 0 0 0 rg BT 233.73 103.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 275.75 103.25 Td (payments, ) Tj ET Q q 0 0 0 rg BT 327.11 103.25 Td (on ) Tj ET Q q 0 0 0 rg BT 341.71 103.25 Td (our ) Tj ET Q q 0 0 0 rg BT 359.80 103.25 Td (debts;) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 67.50 86.65 Td ( ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 86.65 Td (although ) Tj ET Q q 0 0 0 rg BT 131.53 86.65 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 194.47 86.65 Td (and ) Tj ET Q q 0 0 0 rg BT 217.73 86.65 Td (amortization ) Tj ET Q q 0 0 0 rg BT 280.66 86.65 Td (are ) Tj ET Q q 0 0 0 rg BT 301.57 86.65 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 350.51 86.65 Td (charges, ) Tj ET Q q 0 0 0 rg BT 396.52 86.65 Td (the ) Tj ET Q q 0 0 0 rg BT 416.85 86.65 Td (assets ) Tj ET Q q 0 0 0 rg BT 452.94 86.65 Td (being ) Tj ET Q q 0 0 0 rg BT 484.37 86.65 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 544.98 86.65 Td (and ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 74.05 Td (amortized ) Tj ET Q q 0 0 0 rg BT 134.67 74.05 Td (will ) Tj ET Q q 0 0 0 rg BT 152.31 74.05 Td (often ) Tj ET Q q 0 0 0 rg BT 178.73 74.05 Td (have ) Tj ET Q q 0 0 0 rg BT 204.57 74.05 Td (to ) Tj ET Q q 0 0 0 rg BT 216.39 74.05 Td (be ) Tj ET Q q 0 0 0 rg BT 231.13 74.05 Td (replaced ) Tj ET Q q 0 0 0 rg BT 274.48 74.05 Td (in ) Tj ET Q q 0 0 0 rg BT 285.71 74.05 Td (the ) Tj ET Q q 0 0 0 rg BT 303.38 74.05 Td (future, ) Tj ET Q q 0 0 0 rg BT 336.21 74.05 Td (and ) Tj ET Q q 0 0 0 rg BT 356.79 74.05 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 394.14 74.05 Td ( ) Tj ET Q q 0 0 0 rg BT 397.20 74.05 Td (and ) Tj ET Q q 0 0 0 rg BT 417.18 74.05 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 461.10 74.05 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 498.45 74.05 Td ( ) Tj ET Q q 0 0 0 rg BT 501.52 74.05 Td (do ) Tj ET Q q 0 0 0 rg BT 516.26 74.05 Td (not ) Tj ET Q q 0 0 0 rg BT 533.92 74.05 Td (reflect ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 61.45 Td (any ) Tj ET Q q 0 0 0 rg BT 105.35 61.45 Td (cash ) Tj ET Q q 0 0 0 rg BT 130.44 61.45 Td (requirements ) Tj ET Q q 0 0 0 rg BT 194.64 61.45 Td (for ) Tj ET Q q 0 0 0 rg BT 209.81 61.45 Td (such ) Tj ET Q q 0 0 0 rg BT 234.91 61.45 Td (replacements;) Tj ET Q /GS0 gs q 57.00 0 0 47.00 50.00 732.50 cm /I22 Do Q endstream endobj 47 0 obj <> endobj 48 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.40 33.25 Td (21) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 67.50 712.40 Td ( ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 712.40 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 128.75 712.40 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 166.10 712.40 Td ( ) Tj ET Q q 0 0 0 rg BT 168.49 712.40 Td (excludes ) Tj ET Q q 0 0 0 rg BT 212.32 712.40 Td (equity-based ) Tj ET Q q 0 0 0 rg BT 274.84 712.40 Td (compensation ) Tj ET Q q 0 0 0 rg BT 342.61 712.40 Td (expense, ) Tj ET Q q 0 0 0 rg BT 387.61 712.40 Td (which ) Tj ET Q q 0 0 0 rg BT 416.85 712.40 Td (is ) Tj ET Q q 0 0 0 rg BT 426.82 712.40 Td (and ) Tj ET Q q 0 0 0 rg BT 446.73 712.40 Td (will ) Tj ET Q q 0 0 0 rg BT 463.71 712.40 Td (remain ) Tj ET Q q 0 0 0 rg BT 498.19 712.40 Td (a ) Tj ET Q q 0 0 0 rg BT 506.42 712.40 Td (key ) Tj ET Q q 0 0 0 rg BT 525.15 712.40 Td (element ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 699.80 Td (of ) Tj ET Q q 0 0 0 rg BT 97.52 699.80 Td (our ) Tj ET Q q 0 0 0 rg BT 115.95 699.80 Td (overall ) Tj ET Q q 0 0 0 rg BT 150.14 699.80 Td (long-term ) Tj ET Q q 0 0 0 rg BT 197.75 699.80 Td (incentive ) Tj ET Q q 0 0 0 rg BT 242.45 699.80 Td (compensation ) Tj ET Q q 0 0 0 rg BT 311.09 699.80 Td (package, ) Tj ET Q q 0 0 0 rg BT 356.97 699.80 Td (although ) Tj ET Q q 0 0 0 rg BT 400.51 699.80 Td (we ) Tj ET Q q 0 0 0 rg BT 417.20 699.80 Td (exclude ) Tj ET Q q 0 0 0 rg BT 456.65 699.80 Td (it ) Tj ET Q q 0 0 0 rg BT 465.16 699.80 Td (as ) Tj ET Q q 0 0 0 rg BT 479.51 699.80 Td (an ) Tj ET Q q 0 0 0 rg BT 494.45 699.80 Td (expense ) Tj ET Q q 0 0 0 rg BT 537.40 699.80 Td (when ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 687.20 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 136.29 687.20 Td (our ) Tj ET Q q 0 0 0 rg BT 154.38 687.20 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 194.67 687.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 241.38 687.20 Td (performance ) Tj ET Q q 0 0 0 rg BT 303.24 687.20 Td (for ) Tj ET Q q 0 0 0 rg BT 318.41 687.20 Td (a ) Tj ET Q q 0 0 0 rg BT 327.17 687.20 Td (particular ) Tj ET Q q 0 0 0 rg BT 373.27 687.20 Td (period;) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 67.50 670.60 Td ( ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 670.60 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 122.85 670.60 Td ( ) Tj ET Q q 0 0 0 rg BT 126.09 670.60 Td (and ) Tj ET Q q 0 0 0 rg BT 146.21 670.60 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 190.32 670.60 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 227.67 670.60 Td ( ) Tj ET Q q 0 0 0 rg BT 230.91 670.60 Td (do ) Tj ET Q q 0 0 0 rg BT 245.83 670.60 Td (not ) Tj ET Q q 0 0 0 rg BT 263.68 670.60 Td (reflect ) Tj ET Q q 0 0 0 rg BT 295.52 670.60 Td (the ) Tj ET Q q 0 0 0 rg BT 313.36 670.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 347.53 670.60 Td (of ) Tj ET Q q 0 0 0 rg BT 359.53 670.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 394.29 670.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 419.72 670.60 Td (charges ) Tj ET Q q 0 0 0 rg BT 460.32 670.60 Td (resulting ) Tj ET Q q 0 0 0 rg BT 503.26 670.60 Td (from ) Tj ET Q q 0 0 0 rg BT 527.50 670.60 Td (matters ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 658.00 Td (we ) Tj ET Q q 0 0 0 rg BT 101.84 658.00 Td (consider ) Tj ET Q q 0 0 0 rg BT 144.45 658.00 Td (not ) Tj ET Q q 0 0 0 rg BT 161.96 658.00 Td (to ) Tj ET Q q 0 0 0 rg BT 173.64 658.00 Td (be ) Tj ET Q q 0 0 0 rg BT 188.23 658.00 Td (indicative ) Tj ET Q q 0 0 0 rg BT 234.93 658.00 Td (of ) Tj ET Q q 0 0 0 rg BT 246.60 658.00 Td (our ) Tj ET Q q 0 0 0 rg BT 264.70 658.00 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 304.98 658.00 Td (operations; ) Tj ET Q q 0 0 0 rg BT 359.86 658.00 Td (and) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 67.50 641.40 Td ( ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 641.40 Td (other ) Tj ET Q q 0 0 0 rg BT 113.35 641.40 Td (companies ) Tj ET Q q 0 0 0 rg BT 168.04 641.40 Td (in ) Tj ET Q q 0 0 0 rg BT 180.13 641.40 Td (our ) Tj ET Q q 0 0 0 rg BT 199.22 641.40 Td (industry ) Tj ET Q q 0 0 0 rg BT 239.90 641.40 Td (may ) Tj ET Q q 0 0 0 rg BT 263.65 641.40 Td (calculate ) Tj ET Q q 0 0 0 rg BT 309.01 641.40 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 346.35 641.40 Td ( ) Tj ET Q q 0 0 0 rg BT 350.27 641.40 Td (and ) Tj ET Q q 0 0 0 rg BT 370.93 641.40 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 415.70 641.40 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 453.05 641.40 Td ( ) Tj ET Q q 0 0 0 rg BT 456.96 641.40 Td (dif) Tj ET Q q 0 0 0 rg BT 467.86 641.40 Td (ferently ) Tj ET Q q 0 0 0 rg BT 506.21 641.40 Td (than ) Tj ET Q q 0 0 0 rg BT 530.56 641.40 Td (we ) Tj ET Q q 0 0 0 rg BT 547.90 641.40 Td (do, ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 628.80 Td (limiting ) Tj ET Q q 0 0 0 rg BT 121.09 628.80 Td (its ) Tj ET Q q 0 0 0 rg BT 134.51 628.80 Td (usefulness ) Tj ET Q q 0 0 0 rg BT 187.63 628.80 Td (as ) Tj ET Q q 0 0 0 rg BT 201.64 628.80 Td (a ) Tj ET Q q 0 0 0 rg BT 210.39 628.80 Td (comparative ) Tj ET Q q 0 0 0 rg BT 270.50 628.80 Td (measure.) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 67.50 612.20 Td (W) Tj ET Q q 0 0 0 rg BT 77.22 612.20 Td (e ) Tj ET Q q 0 0 0 rg BT 87.18 612.20 Td (compensate ) Tj ET Q q 0 0 0 rg BT 148.50 612.20 Td (for ) Tj ET Q q 0 0 0 rg BT 164.86 612.20 Td (these ) Tj ET Q q 0 0 0 rg BT 194.67 612.20 Td (limitations ) Tj ET Q q 0 0 0 rg BT 245.47 612.20 Td (by ) Tj ET Q q 0 0 0 rg BT 260.67 612.20 Td (considering ) Tj ET Q q 0 0 0 rg BT 318.49 612.20 Td (the ) Tj ET Q q 0 0 0 rg BT 337.20 612.20 Td (economic ) Tj ET Q q 0 0 0 rg BT 386.26 612.20 Td (ef) Tj ET Q q 0 0 0 rg BT 394.82 612.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 415.86 612.20 Td (of ) Tj ET Q q 0 0 0 rg BT 428.74 612.20 Td (the ) Tj ET Q q 0 0 0 rg BT 447.45 612.20 Td (excluded ) Tj ET Q q 0 0 0 rg BT 493.60 612.20 Td (expense ) Tj ET Q q 0 0 0 rg BT 537.41 612.20 Td (items ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 599.60 Td (independently ) Tj ET Q q 0 0 0 rg BT 118.55 599.60 Td (as ) Tj ET Q q 0 0 0 rg BT 133.29 599.60 Td (well ) Tj ET Q q 0 0 0 rg BT 155.03 599.60 Td (as ) Tj ET Q q 0 0 0 rg BT 169.78 599.60 Td (in ) Tj ET Q q 0 0 0 rg BT 181.60 599.60 Td (connection ) Tj ET Q q 0 0 0 rg BT 236.05 599.60 Td (with ) Tj ET Q q 0 0 0 rg BT 258.37 599.60 Td (our ) Tj ET Q q 0 0 0 rg BT 277.20 599.60 Td (analysis ) Tj ET Q q 0 0 0 rg BT 318.79 599.60 Td (of ) Tj ET Q q 0 0 0 rg BT 331.20 599.60 Td (net ) Tj ET Q q 0 0 0 rg BT 349.45 599.60 Td (income ) Tj ET Q q 0 0 0 rg BT 386.96 599.60 Td (\(loss\). ) Tj ET Q q 0 0 0 rg BT 419.19 599.60 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 456.54 599.60 Td ( ) Tj ET Q q 0 0 0 rg BT 460.19 599.60 Td (and ) Tj ET Q q 0 0 0 rg BT 480.64 599.60 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 525.16 599.60 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 562.50 599.60 Td ( ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 587.00 Td (should ) Tj ET Q q 0 0 0 rg BT 82.87 587.00 Td (be ) Tj ET Q q 0 0 0 rg BT 96.99 587.00 Td (considered ) Tj ET Q q 0 0 0 rg BT 150.79 587.00 Td (in ) Tj ET Q q 0 0 0 rg BT 161.39 587.00 Td (addition ) Tj ET Q q 0 0 0 rg BT 200.60 587.00 Td (to, ) Tj ET Q q 0 0 0 rg BT 214.71 587.00 Td (but ) Tj ET Q q 0 0 0 rg BT 231.74 587.00 Td (not ) Tj ET Q q 0 0 0 rg BT 248.77 587.00 Td (as ) Tj ET Q q 0 0 0 rg BT 262.29 587.00 Td (a ) Tj ET Q q 0 0 0 rg BT 270.56 587.00 Td (substitute ) Tj ET Q q 0 0 0 rg BT 317.94 587.00 Td (for) Tj ET Q q 0 0 0 rg BT 329.61 587.00 Td (, ) Tj ET Q q 0 0 0 rg BT 334.96 587.00 Td (other ) Tj ET Q q 0 0 0 rg BT 361.33 587.00 Td (measures ) Tj ET Q q 0 0 0 rg BT 409.86 587.00 Td (of ) Tj ET Q q 0 0 0 rg BT 421.05 587.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 462.01 587.00 Td (performance ) Tj ET Q q 0 0 0 rg BT 523.39 587.00 Td (reported ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 574.40 Td (in ) Tj ET Q q 0 0 0 rg BT 60.59 574.40 Td (accordance ) Tj ET Q q 0 0 0 rg BT 117.79 574.40 Td (with ) Tj ET Q q 0 0 0 rg BT 139.38 574.40 Td (GAAP) Tj ET Q q 0 0 0 rg BT 167.21 574.40 Td (, ) Tj ET Q q 0 0 0 rg BT 173.04 574.40 Td (such ) Tj ET Q q 0 0 0 rg BT 198.14 574.40 Td (as ) Tj ET Q q 0 0 0 rg BT 212.15 574.40 Td (total ) Tj ET Q q 0 0 0 rg BT 234.91 574.40 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 283.94 574.40 Td (income ) Tj ET Q q 0 0 0 rg BT 320.71 574.40 Td (from ) Tj ET Q q 0 0 0 rg BT 344.63 574.40 Td (operations, ) Tj ET Q q 0 0 0 rg BT 399.50 574.40 Td (and ) Tj ET Q q 0 0 0 rg BT 419.94 574.40 Td (net ) Tj ET Q q 0 0 0 rg BT 437.45 574.40 Td (income ) Tj ET Q q 0 0 0 rg BT 474.22 574.40 Td (\(loss\).) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 557.80 Td (FUNDS ) Tj ET Q q 0 0 0 rg BT 88.56 557.80 Td (FROM ) Tj ET Q q 0 0 0 rg BT 122.37 557.80 Td (OPERA) Tj ET Q q 0 0 0 rg BT 158.93 557.80 Td (TIONS: ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 197.41 557.80 Td (Funds ) Tj ET Q q 0 0 0 rg BT 229.49 557.80 Td (from ) Tj ET Q q 0 0 0 rg BT 253.39 557.80 Td (operations, ) Tj ET Q q 0 0 0 rg BT 308.24 557.80 Td (or ) Tj ET Q q 0 0 0 rg BT 320.48 557.80 Td (FFO, ) Tj ET Q q 0 0 0 rg BT 347.29 557.80 Td (is ) Tj ET Q q 0 0 0 rg BT 357.77 557.80 Td (a ) Tj ET Q q 0 0 0 rg BT 366.51 557.80 Td (widely ) Tj ET Q q 0 0 0 rg BT 398.58 557.80 Td (used ) Tj ET Q q 0 0 0 rg BT 424.25 557.80 Td (performance ) Tj ET Q q 0 0 0 rg BT 486.09 557.80 Td (measure ) Tj ET Q q 0 0 0 rg BT 529.84 557.80 Td (for ) Tj ET Q q 0 0 0 rg BT 544.99 557.80 Td (real ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 545.20 Td (estate ) Tj ET Q q 0 0 0 rg BT 80.33 545.20 Td (companies ) Tj ET Q q 0 0 0 rg BT 133.32 545.20 Td (and ) Tj ET Q q 0 0 0 rg BT 153.06 545.20 Td (is ) Tj ET Q q 0 0 0 rg BT 162.87 545.20 Td (provided ) Tj ET Q q 0 0 0 rg BT 205.37 545.20 Td (here ) Tj ET Q q 0 0 0 rg BT 228.60 545.20 Td (as ) Tj ET Q q 0 0 0 rg BT 241.92 545.20 Td (a ) Tj ET Q q 0 0 0 rg BT 249.98 545.20 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 314.66 545.20 Td (measure ) Tj ET Q q 0 0 0 rg BT 357.73 545.20 Td (of ) Tj ET Q q 0 0 0 rg BT 368.71 545.20 Td (our ) Tj ET Q q 0 0 0 rg BT 386.10 545.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 432.11 545.20 Td (performance. ) Tj ET Q q 0 0 0 rg BT 496.05 545.20 Td (The ) Tj ET Q q 0 0 0 rg BT 515.92 545.20 Td (April ) Tj ET Q q 0 0 0 rg BT 539.15 545.20 Td (2002 ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 532.60 Td (National ) Tj ET Q q 0 0 0 rg BT 89.99 532.60 Td (Policy ) Tj ET Q q 0 0 0 rg BT 119.96 532.60 Td (Bulletin ) Tj ET Q q 0 0 0 rg BT 156.37 532.60 Td (of ) Tj ET Q q 0 0 0 rg BT 167.09 532.60 Td (NAREIT) Tj ET Q q 0 0 0 rg BT 204.43 532.60 Td (, ) Tj ET Q q 0 0 0 rg BT 209.31 532.60 Td (which ) Tj ET Q q 0 0 0 rg BT 238.12 532.60 Td (we ) Tj ET Q q 0 0 0 rg BT 253.51 532.60 Td (refer ) Tj ET Q q 0 0 0 rg BT 277.06 532.60 Td (to ) Tj ET Q q 0 0 0 rg BT 287.79 532.60 Td (as ) Tj ET Q q 0 0 0 rg BT 300.84 532.60 Td (the ) Tj ET Q q 0 0 0 rg BT 317.40 532.60 Td (White ) Tj ET Q q 0 0 0 rg BT 346.21 532.60 Td (Paper) Tj ET Q q 0 0 0 rg BT 373.65 532.60 Td (, ) Tj ET Q q 0 0 0 rg BT 378.53 532.60 Td (as ) Tj ET Q q 0 0 0 rg BT 391.58 532.60 Td (amended, ) Tj ET Q q 0 0 0 rg BT 440.25 532.60 Td (defines ) Tj ET Q q 0 0 0 rg BT 476.07 532.60 Td (FFO ) Tj ET Q q 0 0 0 rg BT 499.03 532.60 Td (as ) Tj ET Q q 0 0 0 rg BT 512.09 532.60 Td (net ) Tj ET Q q 0 0 0 rg BT 528.65 532.60 Td (income ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 520.00 Td (\(as ) Tj ET Q q 0 0 0 rg BT 65.69 520.00 Td (determined ) Tj ET Q q 0 0 0 rg BT 119.83 520.00 Td (under ) Tj ET Q q 0 0 0 rg BT 148.29 520.00 Td (GAAP\), ) Tj ET Q q 0 0 0 rg BT 185.48 520.00 Td (excluding ) Tj ET Q q 0 0 0 rg BT 231.45 520.00 Td (gains ) Tj ET Q q 0 0 0 rg BT 258.16 520.00 Td (\(or ) Tj ET Q q 0 0 0 rg BT 272.60 520.00 Td (losses\) ) Tj ET Q q 0 0 0 rg BT 307.46 520.00 Td (from ) Tj ET Q q 0 0 0 rg BT 330.06 520.00 Td (sales ) Tj ET Q q 0 0 0 rg BT 356.18 520.00 Td (of ) Tj ET Q q 0 0 0 rg BT 366.54 520.00 Td (real ) Tj ET Q q 0 0 0 rg BT 385.65 520.00 Td (estate ) Tj ET Q q 0 0 0 rg BT 415.86 520.00 Td (and ) Tj ET Q q 0 0 0 rg BT 434.99 520.00 Td (related ) Tj ET Q q 0 0 0 rg BT 468.70 520.00 Td (impairment ) Tj ET Q q 0 0 0 rg BT 522.23 520.00 Td (charges, ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 507.40 Td (plus ) Tj ET Q q 0 0 0 rg BT 71.85 507.40 Td (real ) Tj ET Q q 0 0 0 rg BT 92.45 507.40 Td (estate ) Tj ET Q q 0 0 0 rg BT 124.15 507.40 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 184.45 507.40 Td (and ) Tj ET Q q 0 0 0 rg BT 205.06 507.40 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 268.26 507.40 Td (and ) Tj ET Q q 0 0 0 rg BT 288.87 507.40 Td (after ) Tj ET Q q 0 0 0 rg BT 312.98 507.40 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 372.68 507.40 Td (for ) Tj ET Q q 0 0 0 rg BT 388.03 507.40 Td (unconsolidated ) Tj ET Q q 0 0 0 rg BT 461.76 507.40 Td (partnerships ) Tj ET Q q 0 0 0 rg BT 522.63 507.40 Td (and ) Tj ET Q q 0 0 0 rg BT 543.25 507.40 Td (joint ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 494.80 Td (ventures. ) Tj ET Q q 0 0 0 rg BT 95.07 494.80 Td (W) Tj ET Q q 0 0 0 rg BT 104.79 494.80 Td (e ) Tj ET Q q 0 0 0 rg BT 113.02 494.80 Td (include ) Tj ET Q q 0 0 0 rg BT 148.68 494.80 Td (amortization ) Tj ET Q q 0 0 0 rg BT 208.25 494.80 Td (of ) Tj ET Q q 0 0 0 rg BT 219.39 494.80 Td (customer ) Tj ET Q q 0 0 0 rg BT 264.96 494.80 Td (in-place ) Tj ET Q q 0 0 0 rg BT 304.11 494.80 Td (leases ) Tj ET Q q 0 0 0 rg BT 336.85 494.80 Td (in ) Tj ET Q q 0 0 0 rg BT 347.40 494.80 Td (real ) Tj ET Q q 0 0 0 rg BT 367.30 494.80 Td (estate ) Tj ET Q q 0 0 0 rg BT 398.29 494.80 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 457.88 494.80 Td (and ) Tj ET Q q 0 0 0 rg BT 477.78 494.80 Td (amortization ) Tj ET Q q 0 0 0 rg BT 537.36 494.80 Td (in ) Tj ET Q q 0 0 0 rg BT 547.91 494.80 Td (the ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 482.20 Td (calculation ) Tj ET Q q 0 0 0 rg BT 101.96 482.20 Td (of ) Tj ET Q q 0 0 0 rg BT 113.56 482.20 Td (FFO ) Tj ET Q q 0 0 0 rg BT 137.39 482.20 Td (because ) Tj ET Q q 0 0 0 rg BT 179.94 482.20 Td (we ) Tj ET Q q 0 0 0 rg BT 196.20 482.20 Td (believe ) Tj ET Q q 0 0 0 rg BT 232.32 482.20 Td (the ) Tj ET Q q 0 0 0 rg BT 249.76 482.20 Td (amortization ) Tj ET Q q 0 0 0 rg BT 309.79 482.20 Td (of ) Tj ET Q q 0 0 0 rg BT 321.39 482.20 Td (customer ) Tj ET Q q 0 0 0 rg BT 367.41 482.20 Td (in-place ) Tj ET Q q 0 0 0 rg BT 407.03 482.20 Td (leases ) Tj ET Q q 0 0 0 rg BT 440.22 482.20 Td (is ) Tj ET Q q 0 0 0 rg BT 450.65 482.20 Td (analogous ) Tj ET Q q 0 0 0 rg BT 501.95 482.20 Td (to ) Tj ET Q q 0 0 0 rg BT 513.55 482.20 Td (real ) Tj ET Q q 0 0 0 rg BT 533.90 482.20 Td (estate ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 469.60 Td (depreciation, ) Tj ET Q q 0 0 0 rg BT 112.42 469.60 Td (as ) Tj ET Q q 0 0 0 rg BT 126.31 469.60 Td (the ) Tj ET Q q 0 0 0 rg BT 143.70 469.60 Td (value ) Tj ET Q q 0 0 0 rg BT 171.60 469.60 Td (of ) Tj ET Q q 0 0 0 rg BT 183.16 469.60 Td (such ) Tj ET Q q 0 0 0 rg BT 208.13 469.60 Td (intangibles ) Tj ET Q q 0 0 0 rg BT 261.13 469.60 Td (is ) Tj ET Q q 0 0 0 rg BT 271.51 469.60 Td (inextricably ) Tj ET Q q 0 0 0 rg BT 326.83 469.60 Td (connected ) Tj ET Q q 0 0 0 rg BT 378.08 469.60 Td (to ) Tj ET Q q 0 0 0 rg BT 389.64 469.60 Td (the ) Tj ET Q q 0 0 0 rg BT 407.03 469.60 Td (real ) Tj ET Q q 0 0 0 rg BT 427.34 469.60 Td (estate ) Tj ET Q q 0 0 0 rg BT 458.74 469.60 Td (acquired. ) Tj ET Q q 0 0 0 rg BT 504.73 469.60 Td (Distributions ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 457.00 Td (declared ) Tj ET Q q 0 0 0 rg BT 94.30 457.00 Td (on ) Tj ET Q q 0 0 0 rg BT 110.50 457.00 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 175.74 457.00 Td (performance ) Tj ET Q q 0 0 0 rg BT 239.20 457.00 Td (units ) Tj ET Q q 0 0 0 rg BT 265.90 457.00 Td (and ) Tj ET Q q 0 0 0 rg BT 287.94 457.00 Td (DownREIT) Tj ET Q q 0 0 0 rg BT 338.52 457.00 Td ( ) Tj ET Q q 0 0 0 rg BT 343.04 457.00 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 408.27 457.00 Td (performance ) Tj ET Q q 0 0 0 rg BT 471.74 457.00 Td (units ) Tj ET Q q 0 0 0 rg BT 498.44 457.00 Td (represent ) Tj ET Q q 0 0 0 rg BT 547.32 457.00 Td (our ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 444.40 Td (allocation ) Tj ET Q q 0 0 0 rg BT 98.45 444.40 Td (of ) Tj ET Q q 0 0 0 rg BT 111.79 444.40 Td (FFO ) Tj ET Q q 0 0 0 rg BT 137.37 444.40 Td (to ) Tj ET Q q 0 0 0 rg BT 150.71 444.40 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 220.67 444.40 Td (interests ) Tj ET Q q 0 0 0 rg BT 264.94 444.40 Td (held ) Tj ET Q q 0 0 0 rg BT 289.37 444.40 Td (by ) Tj ET Q q 0 0 0 rg BT 305.04 444.40 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 370.34 444.40 Td (performance ) Tj ET Q q 0 0 0 rg BT 433.87 444.40 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 489.82 444.40 Td (and ) Tj ET Q q 0 0 0 rg BT 511.93 444.40 Td (DownREIT) Tj ET Q q 0 0 0 rg BT 562.50 444.40 Td ( ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 431.80 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 112.98 431.80 Td (performance ) Tj ET Q q 0 0 0 rg BT 174.70 431.80 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 228.84 431.80 Td (for ) Tj ET Q q 0 0 0 rg BT 243.86 431.80 Td (the ) Tj ET Q q 0 0 0 rg BT 261.22 431.80 Td (purpose ) Tj ET Q q 0 0 0 rg BT 301.94 431.80 Td (of ) Tj ET Q q 0 0 0 rg BT 313.46 431.80 Td (calculating ) Tj ET Q q 0 0 0 rg BT 365.85 431.80 Td (FFO ) Tj ET Q q 0 0 0 rg BT 389.61 431.80 Td (attributable ) Tj ET Q q 0 0 0 rg BT 444.33 431.80 Td (to ) Tj ET Q q 0 0 0 rg BT 455.86 431.80 Td (common ) Tj ET Q q 0 0 0 rg BT 498.89 431.80 Td (shareholders, ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 419.20 Td (OP) Tj ET Q q 0 0 0 rg BT 64.48 419.20 Td ( ) Tj ET Q q 0 0 0 rg BT 67.00 419.20 Td (unitholders, ) Tj ET Q q 0 0 0 rg BT 123.80 419.20 Td (and ) Tj ET Q q 0 0 0 rg BT 143.84 419.20 Td (L) Tj ET Q q 0 0 0 rg BT 148.90 419.20 Td (TIP) Tj ET Q q 0 0 0 rg BT 165.04 419.20 Td ( ) Tj ET Q q 0 0 0 rg BT 167.56 419.20 Td (unitholders. ) Tj ET Q q 0 0 0 rg BT 224.37 419.20 Td (W) Tj ET Q q 0 0 0 rg BT 234.09 419.20 Td (e ) Tj ET Q q 0 0 0 rg BT 242.44 419.20 Td (define ) Tj ET Q q 0 0 0 rg BT 273.57 419.20 Td (CORE ) Tj ET Q q 0 0 0 rg BT 306.42 419.20 Td (FFO ) Tj ET Q q 0 0 0 rg BT 329.94 419.20 Td (as ) Tj ET Q q 0 0 0 rg BT 343.54 419.20 Td (FFO, ) Tj ET Q q 0 0 0 rg BT 369.97 419.20 Td (as ) Tj ET Q q 0 0 0 rg BT 383.58 419.20 Td (further ) Tj ET Q q 0 0 0 rg BT 416.45 419.20 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 458.66 419.20 Td (to ) Tj ET Q q 0 0 0 rg BT 469.94 419.20 Td (eliminate ) Tj ET Q q 0 0 0 rg BT 514.48 419.20 Td (the ) Tj ET Q q 0 0 0 rg BT 531.59 419.20 Td (impact ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 406.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.82 406.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 94.90 406.60 Td (items ) Tj ET Q q 0 0 0 rg BT 122.55 406.60 Td (that ) Tj ET Q q 0 0 0 rg BT 142.62 406.60 Td (we ) Tj ET Q q 0 0 0 rg BT 158.61 406.60 Td (do ) Tj ET Q q 0 0 0 rg BT 172.85 406.60 Td (not ) Tj ET Q q 0 0 0 rg BT 190.01 406.60 Td (consider ) Tj ET Q q 0 0 0 rg BT 232.26 406.60 Td (indicative ) Tj ET Q q 0 0 0 rg BT 278.59 406.60 Td (of ) Tj ET Q q 0 0 0 rg BT 289.91 406.60 Td (our ) Tj ET Q q 0 0 0 rg BT 307.65 406.60 Td (core ) Tj ET Q q 0 0 0 rg BT 330.64 406.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 376.99 406.60 Td (performance. ) Tj ET Q q 0 0 0 rg BT 441.24 406.60 Td (These ) Tj ET Q q 0 0 0 rg BT 472.99 406.60 Td (further ) Tj ET Q q 0 0 0 rg BT 505.90 406.60 Td (adjustments ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 394.00 Td (consist ) Tj ET Q q 0 0 0 rg BT 84.80 394.00 Td (of ) Tj ET Q q 0 0 0 rg BT 96.17 394.00 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 148.40 394.00 Td (costs, ) Tj ET Q q 0 0 0 rg BT 178.44 394.00 Td (organizational ) Tj ET Q q 0 0 0 rg BT 246.44 394.00 Td (and ) Tj ET Q q 0 0 0 rg BT 266.57 394.00 Td (of) Tj ET Q q 0 0 0 rg BT 275.14 394.00 Td (fering ) Tj ET Q q 0 0 0 rg BT 304.02 394.00 Td (costs, ) Tj ET Q q 0 0 0 rg BT 334.06 394.00 Td (gains ) Tj ET Q q 0 0 0 rg BT 361.78 394.00 Td (on ) Tj ET Q q 0 0 0 rg BT 376.07 394.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 399.13 394.00 Td (forgiveness, ) Tj ET Q q 0 0 0 rg BT 458.35 394.00 Td (gains ) Tj ET Q q 0 0 0 rg BT 486.07 394.00 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 525.44 394.00 Td (on ) Tj ET Q q 0 0 0 rg BT 539.74 394.00 Td (early ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 381.40 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 123.04 381.40 Td (of ) Tj ET Q q 0 0 0 rg BT 134.72 381.40 Td (debt, ) Tj ET Q q 0 0 0 rg BT 160.99 381.40 Td (and ) Tj ET Q q 0 0 0 rg BT 181.43 381.40 Td (after ) Tj ET Q q 0 0 0 rg BT 205.36 381.40 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 264.89 381.40 Td (for ) Tj ET Q q 0 0 0 rg BT 280.06 381.40 Td (unconsolidated ) Tj ET Q q 0 0 0 rg BT 353.62 381.40 Td (partnerships ) Tj ET Q q 0 0 0 rg BT 414.32 381.40 Td (and ) Tj ET Q q 0 0 0 rg BT 434.76 381.40 Td (joint ) Tj ET Q q 0 0 0 rg BT 456.94 381.40 Td (ventures.) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 67.50 364.80 Td (Management ) Tj ET Q q 0 0 0 rg BT 132.41 364.80 Td (uses ) Tj ET Q q 0 0 0 rg BT 158.21 364.80 Td (FFO ) Tj ET Q q 0 0 0 rg BT 182.83 364.80 Td (and ) Tj ET Q q 0 0 0 rg BT 203.97 364.80 Td (Core ) Tj ET Q q 0 0 0 rg BT 230.36 364.80 Td (FFO ) Tj ET Q q 0 0 0 rg BT 254.97 364.80 Td (as ) Tj ET Q q 0 0 0 rg BT 269.69 364.80 Td (key ) Tj ET Q q 0 0 0 rg BT 289.65 364.80 Td (performance ) Tj ET Q q 0 0 0 rg BT 352.22 364.80 Td (indicators ) Tj ET Q q 0 0 0 rg BT 400.78 364.80 Td (in ) Tj ET Q q 0 0 0 rg BT 412.58 364.80 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 464.07 364.80 Td (the ) Tj ET Q q 0 0 0 rg BT 482.29 364.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 534.95 364.80 Td (of ) Tj ET Q q 0 0 0 rg BT 547.33 364.80 Td (our ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 352.20 Td (properties. ) Tj ET Q q 0 0 0 rg BT 102.51 352.20 Td (Given ) Tj ET Q q 0 0 0 rg BT 133.34 352.20 Td (the ) Tj ET Q q 0 0 0 rg BT 151.34 352.20 Td (nature ) Tj ET Q q 0 0 0 rg BT 184.52 352.20 Td (of ) Tj ET Q q 0 0 0 rg BT 196.68 352.20 Td (our ) Tj ET Q q 0 0 0 rg BT 215.26 352.20 Td (business ) Tj ET Q q 0 0 0 rg BT 260.10 352.20 Td (as ) Tj ET Q q 0 0 0 rg BT 274.59 352.20 Td (a ) Tj ET Q q 0 0 0 rg BT 283.83 352.20 Td (real ) Tj ET Q q 0 0 0 rg BT 304.74 352.20 Td (estate ) Tj ET Q q 0 0 0 rg BT 336.75 352.20 Td (owner ) Tj ET Q q 0 0 0 rg BT 368.75 352.20 Td (and ) Tj ET Q q 0 0 0 rg BT 389.67 352.20 Td (operator) Tj ET Q q 0 0 0 rg BT 428.20 352.20 Td (, ) Tj ET Q q 0 0 0 rg BT 434.52 352.20 Td (we ) Tj ET Q q 0 0 0 rg BT 451.35 352.20 Td (consider ) Tj ET Q q 0 0 0 rg BT 494.44 352.20 Td (FFO ) Tj ET Q q 0 0 0 rg BT 518.84 352.20 Td (and ) Tj ET Q q 0 0 0 rg BT 539.76 352.20 Td (Core ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 339.60 Td (FFO ) Tj ET Q q 0 0 0 rg BT 72.96 339.60 Td (as ) Tj ET Q q 0 0 0 rg BT 86.52 339.60 Td (key ) Tj ET Q q 0 0 0 rg BT 105.32 339.60 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 170.25 339.60 Td (measures ) Tj ET Q q 0 0 0 rg BT 218.82 339.60 Td (of ) Tj ET Q q 0 0 0 rg BT 230.04 339.60 Td (our ) Tj ET Q q 0 0 0 rg BT 247.68 339.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 293.93 339.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 355.35 339.60 Td (that ) Tj ET Q q 0 0 0 rg BT 375.33 339.60 Td (are ) Tj ET Q q 0 0 0 rg BT 392.97 339.60 Td (not ) Tj ET Q q 0 0 0 rg BT 410.03 339.60 Td (specifically ) Tj ET Q q 0 0 0 rg BT 463.27 339.60 Td (defined ) Tj ET Q q 0 0 0 rg BT 500.18 339.60 Td (by ) Tj ET Q q 0 0 0 rg BT 513.74 339.60 Td (GAAP) Tj ET Q q 0 0 0 rg BT 541.56 339.60 Td (. ) Tj ET Q q 0 0 0 rg BT 546.94 339.60 Td (W) Tj ET Q q 0 0 0 rg BT 556.67 339.60 Td (e ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 327.00 Td (believe ) Tj ET Q q 0 0 0 rg BT 86.15 327.00 Td (that ) Tj ET Q q 0 0 0 rg BT 107.03 327.00 Td (FFO ) Tj ET Q q 0 0 0 rg BT 131.40 327.00 Td (and ) Tj ET Q q 0 0 0 rg BT 152.29 327.00 Td (Core ) Tj ET Q q 0 0 0 rg BT 178.42 327.00 Td (FFO ) Tj ET Q q 0 0 0 rg BT 202.78 327.00 Td (are ) Tj ET Q q 0 0 0 rg BT 221.33 327.00 Td (useful ) Tj ET Q q 0 0 0 rg BT 252.72 327.00 Td (to ) Tj ET Q q 0 0 0 rg BT 264.85 327.00 Td (management ) Tj ET Q q 0 0 0 rg BT 329.51 327.00 Td (and ) Tj ET Q q 0 0 0 rg BT 350.40 327.00 Td (investors ) Tj ET Q q 0 0 0 rg BT 395.79 327.00 Td (as ) Tj ET Q q 0 0 0 rg BT 410.25 327.00 Td (a ) Tj ET Q q 0 0 0 rg BT 419.46 327.00 Td (starting ) Tj ET Q q 0 0 0 rg BT 457.26 327.00 Td (point ) Tj ET Q q 0 0 0 rg BT 483.40 327.00 Td (in ) Tj ET Q q 0 0 0 rg BT 494.95 327.00 Td (measuring ) Tj ET Q q 0 0 0 rg BT 547.34 327.00 Td (our ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 314.40 Td (operational ) Tj ET Q q 0 0 0 rg BT 104.53 314.40 Td (performance ) Tj ET Q q 0 0 0 rg BT 166.55 314.40 Td (because ) Tj ET Q q 0 0 0 rg BT 209.32 314.40 Td (FFO ) Tj ET Q q 0 0 0 rg BT 233.39 314.40 Td (and ) Tj ET Q q 0 0 0 rg BT 253.98 314.40 Td (Core ) Tj ET Q q 0 0 0 rg BT 279.82 314.40 Td (FFO ) Tj ET Q q 0 0 0 rg BT 303.88 314.40 Td (exclude ) Tj ET Q q 0 0 0 rg BT 343.15 314.40 Td (various ) Tj ET Q q 0 0 0 rg BT 380.07 314.40 Td (items ) Tj ET Q q 0 0 0 rg BT 408.23 314.40 Td (included ) Tj ET Q q 0 0 0 rg BT 450.42 314.40 Td (in ) Tj ET Q q 0 0 0 rg BT 461.66 314.40 Td (net ) Tj ET Q q 0 0 0 rg BT 479.33 314.40 Td (income ) Tj ET Q q 0 0 0 rg BT 516.26 314.40 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 544.99 314.40 Td (that ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 301.80 Td (do ) Tj ET Q q 0 0 0 rg BT 64.53 301.80 Td (not ) Tj ET Q q 0 0 0 rg BT 82.48 301.80 Td (relate ) Tj ET Q q 0 0 0 rg BT 112.10 301.80 Td (to ) Tj ET Q q 0 0 0 rg BT 124.21 301.80 Td (or ) Tj ET Q q 0 0 0 rg BT 136.90 301.80 Td (are ) Tj ET Q q 0 0 0 rg BT 155.43 301.80 Td (not ) Tj ET Q q 0 0 0 rg BT 173.39 301.80 Td (indicative ) Tj ET Q q 0 0 0 rg BT 220.51 301.80 Td (of ) Tj ET Q q 0 0 0 rg BT 232.63 301.80 Td (our ) Tj ET Q q 0 0 0 rg BT 251.16 301.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 298.29 301.80 Td (performance ) Tj ET Q q 0 0 0 rg BT 360.59 301.80 Td (such ) Tj ET Q q 0 0 0 rg BT 386.13 301.80 Td (as ) Tj ET Q q 0 0 0 rg BT 400.57 301.80 Td (gains ) Tj ET Q q 0 0 0 rg BT 429.03 301.80 Td (\(or ) Tj ET Q q 0 0 0 rg BT 445.21 301.80 Td (losses\) ) Tj ET Q q 0 0 0 rg BT 481.83 301.80 Td (from ) Tj ET Q q 0 0 0 rg BT 506.18 301.80 Td (sales ) Tj ET Q q 0 0 0 rg BT 534.05 301.80 Td (of ) Tj ET Q q 0 0 0 rg BT 546.16 301.80 Td (self ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 289.20 Td (storage ) Tj ET Q q 0 0 0 rg BT 86.81 289.20 Td (properties ) Tj ET Q q 0 0 0 rg BT 135.79 289.20 Td (and ) Tj ET Q q 0 0 0 rg BT 155.60 289.20 Td (depreciation, ) Tj ET Q q 0 0 0 rg BT 218.01 289.20 Td (which ) Tj ET Q q 0 0 0 rg BT 247.15 289.20 Td (can ) Tj ET Q q 0 0 0 rg BT 266.36 289.20 Td (make ) Tj ET Q q 0 0 0 rg BT 294.33 289.20 Td (periodic ) Tj ET Q q 0 0 0 rg BT 333.39 289.20 Td (and ) Tj ET Q q 0 0 0 rg BT 353.19 289.20 Td (peer ) Tj ET Q q 0 0 0 rg BT 376.50 289.20 Td (analyses ) Tj ET Q q 0 0 0 rg BT 420.23 289.20 Td (of ) Tj ET Q q 0 0 0 rg BT 431.27 289.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 477.35 289.20 Td (performance ) Tj ET Q q 0 0 0 rg BT 538.58 289.20 Td (more ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 276.60 Td (dif) Tj ET Q q 0 0 0 rg BT 60.40 276.60 Td (ficult. ) Tj ET Q q 0 0 0 rg BT 87.65 276.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 107.90 276.60 Td (computation ) Tj ET Q q 0 0 0 rg BT 167.85 276.60 Td (of ) Tj ET Q q 0 0 0 rg BT 179.35 276.60 Td (FFO ) Tj ET Q q 0 0 0 rg BT 203.09 276.60 Td (and ) Tj ET Q q 0 0 0 rg BT 223.36 276.60 Td (Core ) Tj ET Q q 0 0 0 rg BT 248.86 276.60 Td (FFO ) Tj ET Q q 0 0 0 rg BT 272.60 276.60 Td (may ) Tj ET Q q 0 0 0 rg BT 295.19 276.60 Td (not ) Tj ET Q q 0 0 0 rg BT 312.53 276.60 Td (be ) Tj ET Q q 0 0 0 rg BT 326.95 276.60 Td (comparable ) Tj ET Q q 0 0 0 rg BT 384.56 276.60 Td (to ) Tj ET Q q 0 0 0 rg BT 396.07 276.60 Td (FFO ) Tj ET Q q 0 0 0 rg BT 419.81 276.60 Td (reported ) Tj ET Q q 0 0 0 rg BT 461.66 276.60 Td (by ) Tj ET Q q 0 0 0 rg BT 475.50 276.60 Td (other ) Tj ET Q q 0 0 0 rg BT 502.18 276.60 Td (REIT) Tj ET Q q 0 0 0 rg BT 524.93 276.60 Td (s ) Tj ET Q q 0 0 0 rg BT 532.92 276.60 Td (or ) Tj ET Q q 0 0 0 rg BT 545.01 276.60 Td (real ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 264.00 Td (estate ) Tj ET Q q 0 0 0 rg BT 81.02 264.00 Td (companies.) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 67.50 247.40 Td (FFO ) Tj ET Q q 0 0 0 rg BT 90.56 247.40 Td (and ) Tj ET Q q 0 0 0 rg BT 110.14 247.40 Td (Core ) Tj ET Q q 0 0 0 rg BT 134.95 247.40 Td (FFO ) Tj ET Q q 0 0 0 rg BT 158.01 247.40 Td (should ) Tj ET Q q 0 0 0 rg BT 191.01 247.40 Td (be ) Tj ET Q q 0 0 0 rg BT 204.75 247.40 Td (considered ) Tj ET Q q 0 0 0 rg BT 258.18 247.40 Td (in ) Tj ET Q q 0 0 0 rg BT 268.41 247.40 Td (addition ) Tj ET Q q 0 0 0 rg BT 307.26 247.40 Td (to, ) Tj ET Q q 0 0 0 rg BT 320.99 247.40 Td (but ) Tj ET Q q 0 0 0 rg BT 337.65 247.40 Td (not ) Tj ET Q q 0 0 0 rg BT 354.31 247.40 Td (as ) Tj ET Q q 0 0 0 rg BT 367.46 247.40 Td (a ) Tj ET Q q 0 0 0 rg BT 375.36 247.40 Td (substitute ) Tj ET Q q 0 0 0 rg BT 422.36 247.40 Td (for) Tj ET Q q 0 0 0 rg BT 434.04 247.40 Td (, ) Tj ET Q q 0 0 0 rg BT 439.01 247.40 Td (other ) Tj ET Q q 0 0 0 rg BT 465.01 247.40 Td (measures ) Tj ET Q q 0 0 0 rg BT 513.17 247.40 Td (of ) Tj ET Q q 0 0 0 rg BT 523.99 247.40 Td (financial ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 234.80 Td (performance ) Tj ET Q q 0 0 0 rg BT 110.56 234.80 Td (reported ) Tj ET Q q 0 0 0 rg BT 151.78 234.80 Td (in ) Tj ET Q q 0 0 0 rg BT 162.06 234.80 Td (accordance ) Tj ET Q q 0 0 0 rg BT 218.46 234.80 Td (with ) Tj ET Q q 0 0 0 rg BT 239.24 234.80 Td (GAAP) Tj ET Q q 0 0 0 rg BT 267.07 234.80 Td (, ) Tj ET Q q 0 0 0 rg BT 272.10 234.80 Td (such ) Tj ET Q q 0 0 0 rg BT 296.39 234.80 Td (as ) Tj ET Q q 0 0 0 rg BT 309.59 234.80 Td (total ) Tj ET Q q 0 0 0 rg BT 331.55 234.80 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 379.77 234.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 425.67 234.80 Td (income ) Tj ET Q q 0 0 0 rg BT 461.63 234.80 Td (and ) Tj ET Q q 0 0 0 rg BT 481.26 234.80 Td (net ) Tj ET Q q 0 0 0 rg BT 497.97 234.80 Td (income ) Tj ET Q q 0 0 0 rg BT 533.93 234.80 Td (\(loss\). ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 222.20 Td (FFO ) Tj ET Q q 0 0 0 rg BT 73.96 222.20 Td (and ) Tj ET Q q 0 0 0 rg BT 94.94 222.20 Td (Core ) Tj ET Q q 0 0 0 rg BT 121.16 222.20 Td (FFO ) Tj ET Q q 0 0 0 rg BT 145.61 222.20 Td (do ) Tj ET Q q 0 0 0 rg BT 160.75 222.20 Td (not ) Tj ET Q q 0 0 0 rg BT 178.81 222.20 Td (represent ) Tj ET Q q 0 0 0 rg BT 226.63 222.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 252.27 222.20 Td (generated ) Tj ET Q q 0 0 0 rg BT 303.02 222.20 Td (from ) Tj ET Q q 0 0 0 rg BT 327.48 222.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 374.73 222.20 Td (activities ) Tj ET Q q 0 0 0 rg BT 418.46 222.20 Td (determined ) Tj ET Q q 0 0 0 rg BT 474.45 222.20 Td (in ) Tj ET Q q 0 0 0 rg BT 486.08 222.20 Td (accordance ) Tj ET Q q 0 0 0 rg BT 543.83 222.20 Td (with ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 209.60 Td (GAAP) Tj ET Q q 0 0 0 rg BT 78.49 209.60 Td ( ) Tj ET Q q 0 0 0 rg BT 81.13 209.60 Td (and ) Tj ET Q q 0 0 0 rg BT 101.29 209.60 Td (are ) Tj ET Q q 0 0 0 rg BT 119.11 209.60 Td (not ) Tj ET Q q 0 0 0 rg BT 136.35 209.60 Td (a ) Tj ET Q q 0 0 0 rg BT 144.83 209.60 Td (measure ) Tj ET Q q 0 0 0 rg BT 188.33 209.60 Td (of ) Tj ET Q q 0 0 0 rg BT 199.73 209.60 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 237.39 209.60 Td (or ) Tj ET Q q 0 0 0 rg BT 249.37 209.60 Td (an ) Tj ET Q q 0 0 0 rg BT 263.69 209.60 Td (indicator ) Tj ET Q q 0 0 0 rg BT 306.02 209.60 Td (of ) Tj ET Q q 0 0 0 rg BT 317.42 209.60 Td (our ) Tj ET Q q 0 0 0 rg BT 335.24 209.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 364.73 209.60 Td (to ) Tj ET Q q 0 0 0 rg BT 376.13 209.60 Td (make ) Tj ET Q q 0 0 0 rg BT 404.45 209.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 429.27 209.60 Td (distributions. ) Tj ET Q q 0 0 0 rg BT 490.86 209.60 Td (W) Tj ET Q q 0 0 0 rg BT 500.58 209.60 Td (e ) Tj ET Q q 0 0 0 rg BT 509.07 209.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 544.98 209.60 Td (that ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 197.00 Td (to ) Tj ET Q q 0 0 0 rg BT 61.47 197.00 Td (further ) Tj ET Q q 0 0 0 rg BT 95.02 197.00 Td (understand ) Tj ET Q q 0 0 0 rg BT 150.77 197.00 Td (our ) Tj ET Q q 0 0 0 rg BT 169.16 197.00 Td (performance, ) Tj ET Q q 0 0 0 rg BT 234.23 197.00 Td (FFO ) Tj ET Q q 0 0 0 rg BT 258.43 197.00 Td (and ) Tj ET Q q 0 0 0 rg BT 279.16 197.00 Td (Core ) Tj ET Q q 0 0 0 rg BT 305.13 197.00 Td (FFO ) Tj ET Q q 0 0 0 rg BT 329.33 197.00 Td (should ) Tj ET Q q 0 0 0 rg BT 363.48 197.00 Td (be ) Tj ET Q q 0 0 0 rg BT 378.37 197.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 428.27 197.00 Td (with ) Tj ET Q q 0 0 0 rg BT 450.15 197.00 Td (our ) Tj ET Q q 0 0 0 rg BT 468.53 197.00 Td (reported ) Tj ET Q q 0 0 0 rg BT 510.85 197.00 Td (net ) Tj ET Q q 0 0 0 rg BT 528.66 197.00 Td (income ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 184.40 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 80.13 184.40 Td (and ) Tj ET Q q 0 0 0 rg BT 102.62 184.40 Td (considered ) Tj ET Q q 0 0 0 rg BT 158.96 184.40 Td (in ) Tj ET Q q 0 0 0 rg BT 172.10 184.40 Td (addition ) Tj ET Q q 0 0 0 rg BT 213.85 184.40 Td (to ) Tj ET Q q 0 0 0 rg BT 227.58 184.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 254.73 184.40 Td (flows ) Tj ET Q q 0 0 0 rg BT 283.62 184.40 Td (computed ) Tj ET Q q 0 0 0 rg BT 334.70 184.40 Td (in ) Tj ET Q q 0 0 0 rg BT 347.84 184.40 Td (accordance ) Tj ET Q q 0 0 0 rg BT 407.10 184.40 Td (with ) Tj ET Q q 0 0 0 rg BT 430.74 184.40 Td (GAAP) Tj ET Q q 0 0 0 rg BT 458.56 184.40 Td (, ) Tj ET Q q 0 0 0 rg BT 466.45 184.40 Td (as ) Tj ET Q q 0 0 0 rg BT 482.51 184.40 Td (presented ) Tj ET Q q 0 0 0 rg BT 534.18 184.40 Td (in ) Tj ET Q q 0 0 0 rg BT 547.32 184.40 Td (our ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 171.80 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 111.38 171.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 152.82 171.80 Td (statements.) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 155.20 Td (HYPOTHETICAL) Tj ET Q q 0 0 0 rg BT 130.98 155.20 Td ( ) Tj ET Q q 0 0 0 rg BT 132.84 155.20 Td (LIQUIDA) Tj ET Q q 0 0 0 rg BT 175.23 155.20 Td (TION ) Tj ET Q q 0 0 0 rg BT 201.92 155.20 Td (A) Tj ET Q q 0 0 0 rg BT 208.73 155.20 Td (T ) Tj ET Q q 0 0 0 rg BT 217.00 155.20 Td (BOOK ) Tj ET Q q 0 0 0 rg BT 250.37 155.20 Td (V) Tj ET Q q 0 0 0 rg BT 256.59 155.20 Td (ALUE ) Tj ET Q q 0 0 0 rg BT 287.03 155.20 Td (METHOD: ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 337.89 155.20 Td (In ) Tj ET Q q 0 0 0 rg BT 348.51 155.20 Td (accordance ) Tj ET Q q 0 0 0 rg BT 404.66 155.20 Td (with ) Tj ET Q q 0 0 0 rg BT 425.19 155.20 Td (GAAP) Tj ET Q q 0 0 0 rg BT 453.02 155.20 Td (, ) Tj ET Q q 0 0 0 rg BT 457.80 155.20 Td (the ) Tj ET Q q 0 0 0 rg BT 474.25 155.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 521.06 155.20 Td (allocates ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 142.60 Td (income ) Tj ET Q q 0 0 0 rg BT 85.22 142.60 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 112.76 142.60 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 149.65 142.60 Td (the ) Tj ET Q q 0 0 0 rg BT 166.12 142.60 Td (hypothetical ) Tj ET Q q 0 0 0 rg BT 224.04 142.60 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 273.20 142.60 Td (at ) Tj ET Q q 0 0 0 rg BT 283.83 142.60 Td (book ) Tj ET Q q 0 0 0 rg BT 308.47 142.60 Td (value ) Tj ET Q q 0 0 0 rg BT 335.45 142.60 Td (\("HLBV"\) ) Tj ET Q q 0 0 0 rg BT 379.20 142.60 Td (method, ) Tj ET Q q 0 0 0 rg BT 419.01 142.60 Td (in ) Tj ET Q q 0 0 0 rg BT 429.06 142.60 Td (which ) Tj ET Q q 0 0 0 rg BT 457.78 142.60 Td (the ) Tj ET Q q 0 0 0 rg BT 474.25 142.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 521.06 142.60 Td (allocates ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 130.00 Td (income ) Tj ET Q q 0 0 0 rg BT 86.82 130.00 Td (or ) Tj ET Q q 0 0 0 rg BT 99.63 130.00 Td (loss ) Tj ET Q q 0 0 0 rg BT 121.77 130.00 Td (based ) Tj ET Q q 0 0 0 rg BT 153.85 130.00 Td (on ) Tj ET Q q 0 0 0 rg BT 169.01 130.00 Td (the ) Tj ET Q q 0 0 0 rg BT 187.07 130.00 Td (change ) Tj ET Q q 0 0 0 rg BT 225.00 130.00 Td (in ) Tj ET Q q 0 0 0 rg BT 236.64 130.00 Td (each ) Tj ET Q q 0 0 0 rg BT 262.88 130.00 Td (unitholders) Tj ET Q q 0 0 0 rg BT 316.19 130.00 Td ( ) Tj ET Q q 0 0 0 rg BT 319.67 130.00 Td (claim ) Tj ET Q q 0 0 0 rg BT 347.64 130.00 Td (on ) Tj ET Q q 0 0 0 rg BT 362.79 130.00 Td (the ) Tj ET Q q 0 0 0 rg BT 380.86 130.00 Td (net ) Tj ET Q q 0 0 0 rg BT 398.93 130.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 432.75 130.00 Td (of ) Tj ET Q q 0 0 0 rg BT 444.98 130.00 Td (the ) Tj ET Q q 0 0 0 rg BT 463.05 130.00 Td (Company's ) Tj ET Q q 0 0 0 rg BT 518.71 130.00 Td (operating ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 117.40 Td (partnership ) Tj ET Q q 0 0 0 rg BT 106.05 117.40 Td (at ) Tj ET Q q 0 0 0 rg BT 118.83 117.40 Td (period ) Tj ET Q q 0 0 0 rg BT 152.04 117.40 Td (end ) Tj ET Q q 0 0 0 rg BT 173.58 117.40 Td (after ) Tj ET Q q 0 0 0 rg BT 198.61 117.40 Td (adjusting ) Tj ET Q q 0 0 0 rg BT 244.66 117.40 Td (for ) Tj ET Q q 0 0 0 rg BT 260.94 117.40 Td (any ) Tj ET Q q 0 0 0 rg BT 281.89 117.40 Td (distributions ) Tj ET Q q 0 0 0 rg BT 341.94 117.40 Td (or ) Tj ET Q q 0 0 0 rg BT 355.29 117.40 Td (contributions ) Tj ET Q q 0 0 0 rg BT 418.85 117.40 Td (made ) Tj ET Q q 0 0 0 rg BT 449.14 117.40 Td (during ) Tj ET Q q 0 0 0 rg BT 482.34 117.40 Td (such ) Tj ET Q q 0 0 0 rg BT 508.54 117.40 Td (period. ) Tj ET Q q 0 0 0 rg BT 544.41 117.40 Td (The ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 104.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 97.84 104.80 Td (uses ) Tj ET Q q 0 0 0 rg BT 123.42 104.80 Td (this ) Tj ET Q q 0 0 0 rg BT 143.16 104.80 Td (method ) Tj ET Q q 0 0 0 rg BT 181.58 104.80 Td (because ) Tj ET Q q 0 0 0 rg BT 224.68 104.80 Td (of ) Tj ET Q q 0 0 0 rg BT 236.84 104.80 Td (the ) Tj ET Q q 0 0 0 rg BT 254.84 104.80 Td (dif) Tj ET Q q 0 0 0 rg BT 265.74 104.80 Td (ference ) Tj ET Q q 0 0 0 rg BT 304.16 104.80 Td (between ) Tj ET Q q 0 0 0 rg BT 347.26 104.80 Td (the ) Tj ET Q q 0 0 0 rg BT 365.26 104.80 Td (distribution ) Tj ET Q q 0 0 0 rg BT 419.44 104.80 Td (rights ) Tj ET Q q 0 0 0 rg BT 448.52 104.80 Td (and ) Tj ET Q q 0 0 0 rg BT 469.44 104.80 Td (priorities ) Tj ET Q q 0 0 0 rg BT 512.52 104.80 Td (set ) Tj ET Q q 0 0 0 rg BT 529.93 104.80 Td (forth ) Tj ET Q q 0 0 0 rg BT 554.34 104.80 Td (in ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 92.20 Td (the ) Tj ET Q q 0 0 0 rg BT 66.48 92.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 112.66 92.20 Td (partnership's ) Tj ET Q q 0 0 0 rg BT 174.36 92.20 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 228.10 92.20 Td (of ) Tj ET Q q 0 0 0 rg BT 239.25 92.20 Td (Limited ) Tj ET Q q 0 0 0 rg BT 275.48 92.20 Td (Partnership ) Tj ET Q q 0 0 0 rg BT 331.57 92.20 Td (and ) Tj ET Q q 0 0 0 rg BT 351.47 92.20 Td (what ) Tj ET Q q 0 0 0 rg BT 376.04 92.20 Td (is ) Tj ET Q q 0 0 0 rg BT 386.01 92.20 Td (reflected ) Tj ET Q q 0 0 0 rg BT 428.67 92.20 Td (by ) Tj ET Q q 0 0 0 rg BT 442.14 92.20 Td (the ) Tj ET Q q 0 0 0 rg BT 459.13 92.20 Td (underlying ) Tj ET Q q 0 0 0 rg BT 509.97 92.20 Td (percentage ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 79.60 Td (ownership ) Tj ET Q q 0 0 0 rg BT 100.28 79.60 Td (interests ) Tj ET Q q 0 0 0 rg BT 142.88 79.60 Td (of ) Tj ET Q q 0 0 0 rg BT 154.56 79.60 Td (the ) Tj ET Q q 0 0 0 rg BT 172.07 79.60 Td (unitholders.) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 67.50 63.00 Td (The ) Tj ET Q q 0 0 0 rg BT 87.84 63.00 Td (HLBV ) Tj ET Q q 0 0 0 rg BT 117.52 63.00 Td (method ) Tj ET Q q 0 0 0 rg BT 154.80 63.00 Td (is ) Tj ET Q q 0 0 0 rg BT 164.63 63.00 Td (a ) Tj ET Q q 0 0 0 rg BT 172.72 63.00 Td (balance ) Tj ET Q q 0 0 0 rg BT 211.75 63.00 Td (sheet-focused ) Tj ET Q q 0 0 0 rg BT 279.96 63.00 Td (approach ) Tj ET Q q 0 0 0 rg BT 325.99 63.00 Td (to ) Tj ET Q q 0 0 0 rg BT 337.00 63.00 Td (income ) Tj ET Q q 0 0 0 rg BT 373.10 63.00 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 401.02 63.00 Td (allocation. ) Tj ET Q q 0 0 0 rg BT 450.10 63.00 Td (A) Tj ET Q q 0 0 0 rg BT 456.53 63.00 Td ( ) Tj ET Q q 0 0 0 rg BT 458.77 63.00 Td (calculation ) Tj ET Q q 0 0 0 rg BT 510.64 63.00 Td (is ) Tj ET Q q 0 0 0 rg BT 520.47 63.00 Td (prepared ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 50.40 Td (at ) Tj ET Q q 0 0 0 rg BT 61.20 50.40 Td (each ) Tj ET Q q 0 0 0 rg BT 86.92 50.40 Td (balance ) Tj ET Q q 0 0 0 rg BT 126.65 50.40 Td (sheet ) Tj ET Q q 0 0 0 rg BT 155.29 50.40 Td (date ) Tj ET Q q 0 0 0 rg BT 178.67 50.40 Td (to ) Tj ET Q q 0 0 0 rg BT 190.37 50.40 Td (determine ) Tj ET Q q 0 0 0 rg BT 240.01 50.40 Td (the ) Tj ET Q q 0 0 0 rg BT 257.56 50.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 295.53 50.40 Td (that ) Tj ET Q q 0 0 0 rg BT 315.99 50.40 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 370.31 50.40 Td (would ) Tj ET Q q 0 0 0 rg BT 400.69 50.40 Td (receive ) Tj ET Q q 0 0 0 rg BT 437.49 50.40 Td (if ) Tj ET Q q 0 0 0 rg BT 445.68 50.40 Td (the ) Tj ET Q q 0 0 0 rg BT 463.23 50.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 509.96 50.40 Td (partnership ) Tj ET Q /GS0 gs q 57.00 0 0 47.00 50.00 732.50 cm /I23 Do Q endstream endobj 49 0 obj <> endobj 50 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.40 33.25 Td (22) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 712.40 Td (were ) Tj ET Q q 0 0 0 rg BT 75.31 712.40 Td (to ) Tj ET Q q 0 0 0 rg BT 87.11 712.40 Td (liquidate ) Tj ET Q q 0 0 0 rg BT 129.28 712.40 Td (all ) Tj ET Q q 0 0 0 rg BT 142.83 712.40 Td (of ) Tj ET Q q 0 0 0 rg BT 154.64 712.40 Td (its ) Tj ET Q q 0 0 0 rg BT 168.19 712.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 201.58 712.40 Td (\(at ) Tj ET Q q 0 0 0 rg BT 216.88 712.40 Td (GAAP) Tj ET Q q 0 0 0 rg BT 245.87 712.40 Td ( ) Tj ET Q q 0 0 0 rg BT 248.92 712.40 Td (net ) Tj ET Q q 0 0 0 rg BT 266.57 712.40 Td (book ) Tj ET Q q 0 0 0 rg BT 292.38 712.40 Td (value\) ) Tj ET Q q 0 0 0 rg BT 324.03 712.40 Td (and ) Tj ET Q q 0 0 0 rg BT 344.60 712.40 Td (distribute ) Tj ET Q q 0 0 0 rg BT 390.25 712.40 Td (the ) Tj ET Q q 0 0 0 rg BT 407.90 712.40 Td (resulting ) Tj ET Q q 0 0 0 rg BT 450.64 712.40 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 496.88 712.40 Td (to ) Tj ET Q q 0 0 0 rg BT 508.69 712.40 Td (its ) Tj ET Q q 0 0 0 rg BT 522.24 712.40 Td (creditors ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 699.80 Td (and ) Tj ET Q q 0 0 0 rg BT 70.14 699.80 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 124.63 699.80 Td (based ) Tj ET Q q 0 0 0 rg BT 156.36 699.80 Td (on ) Tj ET Q q 0 0 0 rg BT 171.16 699.80 Td (the ) Tj ET Q q 0 0 0 rg BT 188.87 699.80 Td (contractually ) Tj ET Q q 0 0 0 rg BT 250.94 699.80 Td (defined ) Tj ET Q q 0 0 0 rg BT 288.51 699.80 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 338.92 699.80 Td (priorities. ) Tj ET Q q 0 0 0 rg BT 384.43 699.80 Td (The ) Tj ET Q q 0 0 0 rg BT 405.64 699.80 Td (dif) Tj ET Q q 0 0 0 rg BT 416.54 699.80 Td (ference ) Tj ET Q q 0 0 0 rg BT 454.69 699.80 Td (between ) Tj ET Q q 0 0 0 rg BT 497.51 699.80 Td (the ) Tj ET Q q 0 0 0 rg BT 515.22 699.80 Td (calculated ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 687.20 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 100.14 687.20 Td (distribution ) Tj ET Q q 0 0 0 rg BT 154.26 687.20 Td (amounts ) Tj ET Q q 0 0 0 rg BT 197.88 687.20 Td (at ) Tj ET Q q 0 0 0 rg BT 209.99 687.20 Td (the ) Tj ET Q q 0 0 0 rg BT 227.93 687.20 Td (beginning ) Tj ET Q q 0 0 0 rg BT 276.83 687.20 Td (and ) Tj ET Q q 0 0 0 rg BT 297.69 687.20 Td (the ) Tj ET Q q 0 0 0 rg BT 315.64 687.20 Td (end ) Tj ET Q q 0 0 0 rg BT 336.51 687.20 Td (of ) Tj ET Q q 0 0 0 rg BT 348.61 687.20 Td (the ) Tj ET Q q 0 0 0 rg BT 366.56 687.20 Td (reporting ) Tj ET Q q 0 0 0 rg BT 411.35 687.20 Td (period, ) Tj ET Q q 0 0 0 rg BT 446.80 687.20 Td (after ) Tj ET Q q 0 0 0 rg BT 471.16 687.20 Td (adjusting ) Tj ET Q q 0 0 0 rg BT 516.54 687.20 Td (for ) Tj ET Q q 0 0 0 rg BT 532.14 687.20 Td (capital ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 674.60 Td (contributions ) Tj ET Q q 0 0 0 rg BT 111.73 674.60 Td (and ) Tj ET Q q 0 0 0 rg BT 131.94 674.60 Td (distributions, ) Tj ET Q q 0 0 0 rg BT 193.58 674.60 Td (is ) Tj ET Q q 0 0 0 rg BT 203.86 674.60 Td (used ) Tj ET Q q 0 0 0 rg BT 229.33 674.60 Td (to ) Tj ET Q q 0 0 0 rg BT 240.78 674.60 Td (derive ) Tj ET Q q 0 0 0 rg BT 272.07 674.60 Td (each ) Tj ET Q q 0 0 0 rg BT 297.53 674.60 Td (unitholder's ) Tj ET Q q 0 0 0 rg BT 353.60 674.60 Td (share ) Tj ET Q q 0 0 0 rg BT 382.56 674.60 Td (of ) Tj ET Q q 0 0 0 rg BT 394.01 674.60 Td (the ) Tj ET Q q 0 0 0 rg BT 411.30 674.60 Td (income ) Tj ET Q q 0 0 0 rg BT 447.85 674.60 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 476.21 674.60 Td (for ) Tj ET Q q 0 0 0 rg BT 491.15 674.60 Td (the ) Tj ET Q q 0 0 0 rg BT 508.44 674.60 Td (period. ) Tj ET Q q 0 0 0 rg BT 543.24 674.60 Td (Due ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 662.00 Td (to ) Tj ET Q q 0 0 0 rg BT 59.81 662.00 Td (the ) Tj ET Q q 0 0 0 rg BT 75.96 662.00 Td (stated ) Tj ET Q q 0 0 0 rg BT 106.11 662.00 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 154.95 662.00 Td (priorities ) Tj ET Q q 0 0 0 rg BT 196.18 662.00 Td (and ) Tj ET Q q 0 0 0 rg BT 215.25 662.00 Td (because ) Tj ET Q q 0 0 0 rg BT 256.50 662.00 Td (the ) Tj ET Q q 0 0 0 rg BT 272.65 662.00 Td (HLBV ) Tj ET Q q 0 0 0 rg BT 301.63 662.00 Td (method ) Tj ET Q q 0 0 0 rg BT 338.21 662.00 Td (incorporates ) Tj ET Q q 0 0 0 rg BT 397.54 662.00 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 442.29 662.00 Td (items ) Tj ET Q q 0 0 0 rg BT 468.93 662.00 Td (such ) Tj ET Q q 0 0 0 rg BT 492.66 662.00 Td (as ) Tj ET Q q 0 0 0 rg BT 505.30 662.00 Td (depreciation ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 649.40 Td (expense, ) Tj ET Q q 0 0 0 rg BT 94.81 649.40 Td (in ) Tj ET Q q 0 0 0 rg BT 105.68 649.40 Td (any ) Tj ET Q q 0 0 0 rg BT 125.31 649.40 Td (given ) Tj ET Q q 0 0 0 rg BT 153.10 649.40 Td (period, ) Tj ET Q q 0 0 0 rg BT 187.90 649.40 Td (income ) Tj ET Q q 0 0 0 rg BT 224.45 649.40 Td (or ) Tj ET Q q 0 0 0 rg BT 236.48 649.40 Td (loss ) Tj ET Q q 0 0 0 rg BT 257.85 649.40 Td (may ) Tj ET Q q 0 0 0 rg BT 280.38 649.40 Td (be ) Tj ET Q q 0 0 0 rg BT 294.76 649.40 Td (allocated ) Tj ET Q q 0 0 0 rg BT 339.48 649.40 Td (disproportionately ) Tj ET Q q 0 0 0 rg BT 425.06 649.40 Td (to ) Tj ET Q q 0 0 0 rg BT 436.52 649.40 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 490.58 649.40 Td (as ) Tj ET Q q 0 0 0 rg BT 504.37 649.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 553.75 649.40 Td (to ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 636.80 Td (their ) Tj ET Q q 0 0 0 rg BT 72.17 636.80 Td (respective ) Tj ET Q q 0 0 0 rg BT 122.28 636.80 Td (ownership ) Tj ET Q q 0 0 0 rg BT 172.38 636.80 Td (percentage ) Tj ET Q q 0 0 0 rg BT 227.17 636.80 Td (in ) Tj ET Q q 0 0 0 rg BT 237.59 636.80 Td (the ) Tj ET Q q 0 0 0 rg BT 254.44 636.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 300.47 636.80 Td (partnership, ) Tj ET Q q 0 0 0 rg BT 358.17 636.80 Td (and ) Tj ET Q q 0 0 0 rg BT 377.93 636.80 Td (net ) Tj ET Q q 0 0 0 rg BT 394.78 636.80 Td (income ) Tj ET Q q 0 0 0 rg BT 430.87 636.80 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 458.79 636.80 Td (attributable ) Tj ET Q q 0 0 0 rg BT 512.99 636.80 Td (to ) Tj ET Q q 0 0 0 rg BT 523.99 636.80 Td (National ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 624.20 Td (Storage ) Tj ET Q q 0 0 0 rg BT 89.10 624.20 Td (Af) Tj ET Q q 0 0 0 rg BT 98.83 624.20 Td (filiates ) Tj ET Q q 0 0 0 rg BT 131.88 624.20 Td (T) Tj ET Q q 0 0 0 rg BT 137.91 624.20 Td (rust ) Tj ET Q q 0 0 0 rg BT 158.93 624.20 Td (could ) Tj ET Q q 0 0 0 rg BT 187.55 624.20 Td (be ) Tj ET Q q 0 0 0 rg BT 202.75 624.20 Td (more ) Tj ET Q q 0 0 0 rg BT 230.20 624.20 Td (or ) Tj ET Q q 0 0 0 rg BT 243.05 624.20 Td (less ) Tj ET Q q 0 0 0 rg BT 265.25 624.20 Td (net ) Tj ET Q q 0 0 0 rg BT 283.36 624.20 Td (income ) Tj ET Q q 0 0 0 rg BT 320.73 624.20 Td (than ) Tj ET Q q 0 0 0 rg BT 344.69 624.20 Td (actual ) Tj ET Q q 0 0 0 rg BT 376.23 624.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 401.93 624.20 Td (distributions ) Tj ET Q q 0 0 0 rg BT 461.48 624.20 Td (received ) Tj ET Q q 0 0 0 rg BT 504.69 624.20 Td (and ) Tj ET Q q 0 0 0 rg BT 525.73 624.20 Td (more ) Tj ET Q q 0 0 0 rg BT 553.17 624.20 Td (or ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 611.60 Td (less ) Tj ET Q q 0 0 0 rg BT 70.23 611.60 Td (income ) Tj ET Q q 0 0 0 rg BT 106.13 611.60 Td (or ) Tj ET Q q 0 0 0 rg BT 117.53 611.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 138.25 611.60 Td (than ) Tj ET Q q 0 0 0 rg BT 160.75 611.60 Td (what ) Tj ET Q q 0 0 0 rg BT 184.98 611.60 Td (may ) Tj ET Q q 0 0 0 rg BT 206.87 611.60 Td (be ) Tj ET Q q 0 0 0 rg BT 220.61 611.60 Td (received ) Tj ET Q q 0 0 0 rg BT 262.35 611.60 Td (in ) Tj ET Q q 0 0 0 rg BT 272.58 611.60 Td (the ) Tj ET Q q 0 0 0 rg BT 289.24 611.60 Td (event ) Tj ET Q q 0 0 0 rg BT 316.98 611.60 Td (of ) Tj ET Q q 0 0 0 rg BT 327.79 611.60 Td (an ) Tj ET Q q 0 0 0 rg BT 341.53 611.60 Td (actual ) Tj ET Q q 0 0 0 rg BT 371.60 611.60 Td (liquidation. ) Tj ET Q q 0 0 0 rg BT 423.46 611.60 Td (Additionally) Tj ET Q q 0 0 0 rg BT 476.38 611.60 Td (, ) Tj ET Q q 0 0 0 rg BT 481.35 611.60 Td (the ) Tj ET Q q 0 0 0 rg BT 498.00 611.60 Td (HLBV ) Tj ET Q q 0 0 0 rg BT 527.49 611.60 Td (method ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 599.00 Td (could ) Tj ET Q q 0 0 0 rg BT 77.59 599.00 Td (result ) Tj ET Q q 0 0 0 rg BT 106.26 599.00 Td (in ) Tj ET Q q 0 0 0 rg BT 117.43 599.00 Td (net ) Tj ET Q q 0 0 0 rg BT 135.02 599.00 Td (income ) Tj ET Q q 0 0 0 rg BT 171.86 599.00 Td (\(or ) Tj ET Q q 0 0 0 rg BT 187.68 599.00 Td (net ) Tj ET Q q 0 0 0 rg BT 205.27 599.00 Td (loss\) ) Tj ET Q q 0 0 0 rg BT 230.43 599.00 Td (attributable ) Tj ET Q q 0 0 0 rg BT 285.38 599.00 Td (to ) Tj ET Q q 0 0 0 rg BT 297.13 599.00 Td (National ) Tj ET Q q 0 0 0 rg BT 338.64 599.00 Td (Storage ) Tj ET Q q 0 0 0 rg BT 377.82 599.00 Td (Af) Tj ET Q q 0 0 0 rg BT 387.55 599.00 Td (filiates ) Tj ET Q q 0 0 0 rg BT 420.11 599.00 Td (T) Tj ET Q q 0 0 0 rg BT 426.13 599.00 Td (rust ) Tj ET Q q 0 0 0 rg BT 446.63 599.00 Td (during ) Tj ET Q q 0 0 0 rg BT 478.81 599.00 Td (a ) Tj ET Q q 0 0 0 rg BT 487.64 599.00 Td (period ) Tj ET Q q 0 0 0 rg BT 519.82 599.00 Td (when ) Tj ET Q q 0 0 0 rg BT 547.92 599.00 Td (the ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 586.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 96.33 586.40 Td (reports ) Tj ET Q q 0 0 0 rg BT 130.89 586.40 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 191.74 586.40 Td (net ) Tj ET Q q 0 0 0 rg BT 208.22 586.40 Td (loss ) Tj ET Q q 0 0 0 rg BT 228.78 586.40 Td (\(or ) Tj ET Q q 0 0 0 rg BT 243.50 586.40 Td (net ) Tj ET Q q 0 0 0 rg BT 259.99 586.40 Td (income\), ) Tj ET Q q 0 0 0 rg BT 302.13 586.40 Td (or ) Tj ET Q q 0 0 0 rg BT 313.36 586.40 Td (net ) Tj ET Q q 0 0 0 rg BT 329.84 586.40 Td (income ) Tj ET Q q 0 0 0 rg BT 365.58 586.40 Td (\(or ) Tj ET Q q 0 0 0 rg BT 380.30 586.40 Td (net ) Tj ET Q q 0 0 0 rg BT 396.78 586.40 Td (loss\) ) Tj ET Q q 0 0 0 rg BT 420.83 586.40 Td (attributable ) Tj ET Q q 0 0 0 rg BT 474.67 586.40 Td (to ) Tj ET Q q 0 0 0 rg BT 485.32 586.40 Td (National ) Tj ET Q q 0 0 0 rg BT 525.73 586.40 Td (Storage ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 573.80 Td (Af) Tj ET Q q 0 0 0 rg BT 59.23 573.80 Td (filiates ) Tj ET Q q 0 0 0 rg BT 91.34 573.80 Td (T) Tj ET Q q 0 0 0 rg BT 97.36 573.80 Td (rust ) Tj ET Q q 0 0 0 rg BT 117.38 573.80 Td (in ) Tj ET Q q 0 0 0 rg BT 128.06 573.80 Td (excess ) Tj ET Q q 0 0 0 rg BT 163.25 573.80 Td (of ) Tj ET Q q 0 0 0 rg BT 174.51 573.80 Td (the ) Tj ET Q q 0 0 0 rg BT 191.62 573.80 Td (Company's ) Tj ET Q q 0 0 0 rg BT 246.32 573.80 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 307.79 573.80 Td (net ) Tj ET Q q 0 0 0 rg BT 324.90 573.80 Td (income ) Tj ET Q q 0 0 0 rg BT 361.26 573.80 Td (\(or ) Tj ET Q q 0 0 0 rg BT 376.60 573.80 Td (net ) Tj ET Q q 0 0 0 rg BT 393.70 573.80 Td (loss\). ) Tj ET Q q 0 0 0 rg BT 421.14 573.80 Td (The ) Tj ET Q q 0 0 0 rg BT 441.74 573.80 Td (computations ) Tj ET Q q 0 0 0 rg BT 506.70 573.80 Td (of ) Tj ET Q q 0 0 0 rg BT 517.97 573.80 Td (basic ) Tj ET Q q 0 0 0 rg BT 544.99 573.80 Td (and ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 561.20 Td (diluted ) Tj ET Q q 0 0 0 rg BT 83.08 561.20 Td (earnings ) Tj ET Q q 0 0 0 rg BT 126.00 561.20 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 154.30 561.20 Td (per ) Tj ET Q q 0 0 0 rg BT 172.12 561.20 Td (share ) Tj ET Q q 0 0 0 rg BT 201.02 561.20 Td (may ) Tj ET Q q 0 0 0 rg BT 223.50 561.20 Td (be ) Tj ET Q q 0 0 0 rg BT 237.81 561.20 Td (materially ) Tj ET Q q 0 0 0 rg BT 285.38 561.20 Td (af) Tj ET Q q 0 0 0 rg BT 293.95 561.20 Td (fected ) Tj ET Q q 0 0 0 rg BT 325.19 561.20 Td (by ) Tj ET Q q 0 0 0 rg BT 338.92 561.20 Td (these ) Tj ET Q q 0 0 0 rg BT 367.24 561.20 Td (disproportionate ) Tj ET Q q 0 0 0 rg BT 445.19 561.20 Td (income ) Tj ET Q q 0 0 0 rg BT 481.67 561.20 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 509.98 561.20 Td (allocations, ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 548.60 Td (resulting ) Tj ET Q q 0 0 0 rg BT 90.90 548.60 Td (in ) Tj ET Q q 0 0 0 rg BT 100.78 548.60 Td (volatile ) Tj ET Q q 0 0 0 rg BT 135.18 548.60 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 190.01 548.60 Td (of ) Tj ET Q q 0 0 0 rg BT 200.48 548.60 Td (basic ) Tj ET Q q 0 0 0 rg BT 226.70 548.60 Td (and ) Tj ET Q q 0 0 0 rg BT 245.93 548.60 Td (diluted ) Tj ET Q q 0 0 0 rg BT 278.59 548.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 320.58 548.60 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 347.95 548.60 Td (per ) Tj ET Q q 0 0 0 rg BT 364.84 548.60 Td (share. ) Tj ET Q q 0 0 0 rg BT 395.73 548.60 Td (Readers ) Tj ET Q q 0 0 0 rg BT 437.13 548.60 Td (and ) Tj ET Q q 0 0 0 rg BT 456.36 548.60 Td (investors ) Tj ET Q q 0 0 0 rg BT 500.09 548.60 Td (are ) Tj ET Q q 0 0 0 rg BT 516.98 548.60 Td (cautioned ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 536.00 Td (not ) Tj ET Q q 0 0 0 rg BT 66.92 536.00 Td (to ) Tj ET Q q 0 0 0 rg BT 78.51 536.00 Td (place ) Tj ET Q q 0 0 0 rg BT 106.44 536.00 Td (undue ) Tj ET Q q 0 0 0 rg BT 138.46 536.00 Td (reliance ) Tj ET Q q 0 0 0 rg BT 178.06 536.00 Td (on ) Tj ET Q q 0 0 0 rg BT 192.56 536.00 Td (NSA's ) Tj ET Q q 0 0 0 rg BT 224.24 536.00 Td (income ) Tj ET Q q 0 0 0 rg BT 260.91 536.00 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 289.40 536.00 Td (allocations ) Tj ET Q q 0 0 0 rg BT 341.85 536.00 Td (or ) Tj ET Q q 0 0 0 rg BT 354.01 536.00 Td (earnings ) Tj ET Q q 0 0 0 rg BT 397.11 536.00 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 425.60 536.00 Td (per ) Tj ET Q q 0 0 0 rg BT 443.61 536.00 Td (share ) Tj ET Q q 0 0 0 rg BT 472.70 536.00 Td (without ) Tj ET Q q 0 0 0 rg BT 508.80 536.00 Td (considering ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 523.40 Td (the ) Tj ET Q q 0 0 0 rg BT 67.31 523.40 Td (ef) Tj ET Q q 0 0 0 rg BT 75.88 523.40 Td (fects ) Tj ET Q q 0 0 0 rg BT 101.26 523.40 Td (described ) Tj ET Q q 0 0 0 rg BT 150.00 523.40 Td (above, ) Tj ET Q q 0 0 0 rg BT 184.74 523.40 Td (including ) Tj ET Q q 0 0 0 rg BT 229.40 523.40 Td (the ) Tj ET Q q 0 0 0 rg BT 247.21 523.40 Td (ef) Tj ET Q q 0 0 0 rg BT 255.77 523.40 Td (fect ) Tj ET Q q 0 0 0 rg BT 275.91 523.40 Td (that ) Tj ET Q q 0 0 0 rg BT 296.63 523.40 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 357.05 523.40 Td (and ) Tj ET Q q 0 0 0 rg BT 377.79 523.40 Td (amortization ) Tj ET Q q 0 0 0 rg BT 438.19 523.40 Td (have ) Tj ET Q q 0 0 0 rg BT 464.17 523.40 Td (on ) Tj ET Q q 0 0 0 rg BT 479.06 523.40 Td (income ) Tj ET Q q 0 0 0 rg BT 516.12 523.40 Td (\(loss\), ) Tj ET Q q 0 0 0 rg BT 547.92 523.40 Td (net ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 510.80 Td (book ) Tj ET Q q 0 0 0 rg BT 75.19 510.80 Td (value ) Tj ET Q q 0 0 0 rg BT 103.21 510.80 Td (and ) Tj ET Q q 0 0 0 rg BT 123.64 510.80 Td (the ) Tj ET Q q 0 0 0 rg BT 141.16 510.80 Td (application ) Tj ET Q q 0 0 0 rg BT 194.28 510.80 Td (of ) Tj ET Q q 0 0 0 rg BT 205.96 510.80 Td (the ) Tj ET Q q 0 0 0 rg BT 223.47 510.80 Td (HLBV ) Tj ET Q q 0 0 0 rg BT 253.82 510.80 Td (method.) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 492.20 Td (LONG-TERM ) Tj ET Q q 0 0 0 rg BT 116.65 492.20 Td (INCENTIVE ) Tj ET Q q 0 0 0 rg BT 176.23 492.20 Td (PLAN ) Tj ET Q q 0 0 0 rg BT 208.38 492.20 Td (UNITS:) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 243.38 492.20 Td ( ) Tj ET Q q 0 0 0 rg BT 246.95 492.20 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 298.38 492.20 Td (incentive ) Tj ET Q q 0 0 0 rg BT 343.39 492.20 Td (plan ) Tj ET Q q 0 0 0 rg BT 366.82 492.20 Td (units, ) Tj ET Q q 0 0 0 rg BT 395.48 492.20 Td (or ) Tj ET Q q 0 0 0 rg BT 408.39 492.20 Td (L) Tj ET Q q 0 0 0 rg BT 413.45 492.20 Td (TIP) Tj ET Q q 0 0 0 rg BT 429.60 492.20 Td ( ) Tj ET Q q 0 0 0 rg BT 433.17 492.20 Td (units, ) Tj ET Q q 0 0 0 rg BT 461.84 492.20 Td (are ) Tj ET Q q 0 0 0 rg BT 480.59 492.20 Td (a ) Tj ET Q q 0 0 0 rg BT 490.00 492.20 Td (special ) Tj ET Q q 0 0 0 rg BT 526.25 492.20 Td (class ) Tj ET Q q 0 0 0 rg BT 553.75 492.20 Td (of ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 479.60 Td (partnership ) Tj ET Q q 0 0 0 rg BT 104.43 479.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 141.27 479.60 Td (in ) Tj ET Q q 0 0 0 rg BT 151.85 479.60 Td (our ) Tj ET Q q 0 0 0 rg BT 169.42 479.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 215.61 479.60 Td (partnership ) Tj ET Q q 0 0 0 rg BT 270.55 479.60 Td (that ) Tj ET Q q 0 0 0 rg BT 290.46 479.60 Td (allow ) Tj ET Q q 0 0 0 rg BT 316.79 479.60 Td (the ) Tj ET Q q 0 0 0 rg BT 333.79 479.60 Td (holder ) Tj ET Q q 0 0 0 rg BT 365.38 479.60 Td (to ) Tj ET Q q 0 0 0 rg BT 376.54 479.60 Td (participate ) Tj ET Q q 0 0 0 rg BT 427.39 479.60 Td (in ) Tj ET Q q 0 0 0 rg BT 437.97 479.60 Td (the ) Tj ET Q q 0 0 0 rg BT 454.96 479.60 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 495.30 479.60 Td (and ) Tj ET Q q 0 0 0 rg BT 515.22 479.60 Td (liquidating ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 467.00 Td (distributions ) Tj ET Q q 0 0 0 rg BT 107.74 467.00 Td (received ) Tj ET Q q 0 0 0 rg BT 149.65 467.00 Td (by ) Tj ET Q q 0 0 0 rg BT 162.95 467.00 Td (holders ) Tj ET Q q 0 0 0 rg BT 199.60 467.00 Td (of ) Tj ET Q q 0 0 0 rg BT 210.57 467.00 Td (the ) Tj ET Q q 0 0 0 rg BT 227.39 467.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 273.39 467.00 Td (partnership ) Tj ET Q q 0 0 0 rg BT 328.13 467.00 Td (units ) Tj ET Q q 0 0 0 rg BT 352.53 467.00 Td (\(subject ) Tj ET Q q 0 0 0 rg BT 391.51 467.00 Td (to ) Tj ET Q q 0 0 0 rg BT 402.48 467.00 Td (the ) Tj ET Q q 0 0 0 rg BT 419.29 467.00 Td (achievement ) Tj ET Q q 0 0 0 rg BT 481.04 467.00 Td (of ) Tj ET Q q 0 0 0 rg BT 492.01 467.00 Td (specified ) Tj ET Q q 0 0 0 rg BT 535.67 467.00 Td (levels ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 454.40 Td (of ) Tj ET Q q 0 0 0 rg BT 59.89 454.40 Td (profitability ) Tj ET Q q 0 0 0 rg BT 111.72 454.40 Td (by ) Tj ET Q q 0 0 0 rg BT 124.45 454.40 Td (our ) Tj ET Q q 0 0 0 rg BT 141.26 454.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 186.68 454.40 Td (partnership ) Tj ET Q q 0 0 0 rg BT 240.85 454.40 Td (or ) Tj ET Q q 0 0 0 rg BT 251.83 454.40 Td (the ) Tj ET Q q 0 0 0 rg BT 268.06 454.40 Td (achievement ) Tj ET Q q 0 0 0 rg BT 329.23 454.40 Td (of ) Tj ET Q q 0 0 0 rg BT 339.63 454.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 372.78 454.40 Td (events\). ) Tj ET Q q 0 0 0 rg BT 411.77 454.40 Td (Upon ) Tj ET Q q 0 0 0 rg BT 438.51 454.40 Td (vesting, ) Tj ET Q q 0 0 0 rg BT 476.33 454.40 Td (and ) Tj ET Q q 0 0 0 rg BT 495.49 454.40 Td (after ) Tj ET Q q 0 0 0 rg BT 518.14 454.40 Td (achieving ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 441.80 Td (parity ) Tj ET Q q 0 0 0 rg BT 78.48 441.80 Td (with ) Tj ET Q q 0 0 0 rg BT 100.45 441.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 147.54 441.80 Td (partnership ) Tj ET Q q 0 0 0 rg BT 203.38 441.80 Td (units, ) Tj ET Q q 0 0 0 rg BT 231.78 441.80 Td (vested ) Tj ET Q q 0 0 0 rg BT 266.02 441.80 Td (L) Tj ET Q q 0 0 0 rg BT 271.08 441.80 Td (TIP) Tj ET Q q 0 0 0 rg BT 287.22 441.80 Td ( ) Tj ET Q q 0 0 0 rg BT 290.53 441.80 Td (units ) Tj ET Q q 0 0 0 rg BT 316.01 441.80 Td (may ) Tj ET Q q 0 0 0 rg BT 339.15 441.80 Td (be ) Tj ET Q q 0 0 0 rg BT 354.13 441.80 Td (converted ) Tj ET Q q 0 0 0 rg BT 403.54 441.80 Td (into ) Tj ET Q q 0 0 0 rg BT 423.78 441.80 Td (an ) Tj ET Q q 0 0 0 rg BT 438.76 441.80 Td (equal ) Tj ET Q q 0 0 0 rg BT 467.75 441.80 Td (number ) Tj ET Q q 0 0 0 rg BT 506.66 441.80 Td (of ) Tj ET Q q 0 0 0 rg BT 518.72 441.80 Td (operating ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 429.20 Td (partnership ) Tj ET Q q 0 0 0 rg BT 104.95 429.20 Td (units, ) Tj ET Q q 0 0 0 rg BT 132.97 429.20 Td (and ) Tj ET Q q 0 0 0 rg BT 153.40 429.20 Td (thereafter ) Tj ET Q q 0 0 0 rg BT 201.26 429.20 Td (have ) Tj ET Q q 0 0 0 rg BT 226.95 429.20 Td (all ) Tj ET Q q 0 0 0 rg BT 240.38 429.20 Td (the ) Tj ET Q q 0 0 0 rg BT 257.89 429.20 Td (rights ) Tj ET Q q 0 0 0 rg BT 286.48 429.20 Td (of ) Tj ET Q q 0 0 0 rg BT 298.16 429.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 344.86 429.20 Td (partnership ) Tj ET Q q 0 0 0 rg BT 400.31 429.20 Td (units, ) Tj ET Q q 0 0 0 rg BT 428.33 429.20 Td (including ) Tj ET Q q 0 0 0 rg BT 472.69 429.20 Td (redemption ) Tj ET Q q 0 0 0 rg BT 528.14 429.20 Td (rights.) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 412.60 Td (NET ) Tj ET Q q 0 0 0 rg BT 73.43 412.60 Td (DEBT ) Tj ET Q q 0 0 0 rg BT 104.94 412.60 Td (T) Tj ET Q q 0 0 0 rg BT 111.16 412.60 Td (O ) Tj ET Q q 0 0 0 rg BT 121.87 412.60 Td (ANNUALIZED ) Tj ET Q q 0 0 0 rg BT 193.04 412.60 Td (CURRENT ) Tj ET Q q 0 0 0 rg BT 247.30 412.60 Td (QUARTER ) Tj ET Q q 0 0 0 rg BT 301.75 412.60 Td (ADJUSTED ) Tj ET Q q 0 0 0 rg BT 361.27 412.60 Td (EBITDA: ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 406.78 412.60 Td (W) Tj ET Q q 0 0 0 rg BT 416.50 412.60 Td (e ) Tj ET Q q 0 0 0 rg BT 425.27 412.60 Td (calculate ) Tj ET Q q 0 0 0 rg BT 469.64 412.60 Td (net ) Tj ET Q q 0 0 0 rg BT 487.16 412.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 510.53 412.60 Td (to ) Tj ET Q q 0 0 0 rg BT 521.63 412.60 Td (Adjusted ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 400.00 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 86.85 400.00 Td ( ) Tj ET Q q 0 0 0 rg BT 89.12 400.00 Td (as ) Tj ET Q q 0 0 0 rg BT 102.47 400.00 Td (total ) Tj ET Q q 0 0 0 rg BT 124.59 400.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 147.30 400.00 Td (\(inclusive ) Tj ET Q q 0 0 0 rg BT 193.33 400.00 Td (of ) Tj ET Q q 0 0 0 rg BT 204.36 400.00 Td ($10.5 ) Tj ET Q q 0 0 0 rg BT 232.91 400.00 Td (million ) Tj ET Q q 0 0 0 rg BT 264.93 400.00 Td (of ) Tj ET Q q 0 0 0 rg BT 275.96 400.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 292.82 400.00 Td (value ) Tj ET Q q 0 0 0 rg BT 320.19 400.00 Td (of ) Tj ET Q q 0 0 0 rg BT 331.22 400.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 353.92 400.00 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 412.81 400.00 Td (and ) Tj ET Q q 0 0 0 rg BT 432.60 400.00 Td ($6.2 ) Tj ET Q q 0 0 0 rg BT 455.30 400.00 Td (million ) Tj ET Q q 0 0 0 rg BT 487.33 400.00 Td (of ) Tj ET Q q 0 0 0 rg BT 498.36 400.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 521.06 400.00 Td (issuance ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 387.40 Td (costs\) ) Tj ET Q q 0 0 0 rg BT 80.42 387.40 Td (less ) Tj ET Q q 0 0 0 rg BT 102.01 387.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 127.11 387.40 Td (and ) Tj ET Q q 0 0 0 rg BT 147.55 387.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 172.64 387.40 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 231.60 387.40 Td (divided ) Tj ET Q q 0 0 0 rg BT 267.79 387.40 Td (by ) Tj ET Q q 0 0 0 rg BT 281.80 387.40 Td (annualized ) Tj ET Q q 0 0 0 rg BT 335.51 387.40 Td (current ) Tj ET Q q 0 0 0 rg BT 371.11 387.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 406.72 387.40 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 450.50 387.40 Td (EBITDA.) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 370.80 Td (NET ) Tj ET Q q 0 0 0 rg BT 72.57 370.80 Td (OPERA) Tj ET Q q 0 0 0 rg BT 109.13 370.80 Td (TING ) Tj ET Q q 0 0 0 rg BT 136.28 370.80 Td (INCOME: ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 183.85 370.80 Td (W) Tj ET Q q 0 0 0 rg BT 196.49 370.80 Td (e ) Tj ET Q q 0 0 0 rg BT 204.40 370.80 Td (define ) Tj ET Q q 0 0 0 rg BT 235.08 370.80 Td (net ) Tj ET Q q 0 0 0 rg BT 251.75 370.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 297.60 370.80 Td (income, ) Tj ET Q q 0 0 0 rg BT 336.44 370.80 Td (or ) Tj ET Q q 0 0 0 rg BT 347.84 370.80 Td (NOI, ) Tj ET Q q 0 0 0 rg BT 371.50 370.80 Td (as ) Tj ET Q q 0 0 0 rg BT 384.66 370.80 Td (net ) Tj ET Q q 0 0 0 rg BT 401.33 370.80 Td (income ) Tj ET Q q 0 0 0 rg BT 437.24 370.80 Td (\(loss\), ) Tj ET Q q 0 0 0 rg BT 467.90 370.80 Td (as ) Tj ET Q q 0 0 0 rg BT 481.06 370.80 Td (determined ) Tj ET Q q 0 0 0 rg BT 535.66 370.80 Td (under ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 358.20 Td (GAAP) Tj ET Q q 0 0 0 rg BT 77.32 358.20 Td (, ) Tj ET Q q 0 0 0 rg BT 82.77 358.20 Td (plus ) Tj ET Q q 0 0 0 rg BT 104.55 358.20 Td (general ) Tj ET Q q 0 0 0 rg BT 142.11 358.20 Td (and ) Tj ET Q q 0 0 0 rg BT 162.15 358.20 Td (administrative ) Tj ET Q q 0 0 0 rg BT 229.45 358.20 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 279.84 358.20 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 339.58 358.20 Td (and ) Tj ET Q q 0 0 0 rg BT 359.62 358.20 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 422.25 358.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 459.21 358.20 Td (expense, ) Tj ET Q q 0 0 0 rg BT 504.35 358.20 Td (loss ) Tj ET Q q 0 0 0 rg BT 525.55 358.20 Td (on ) Tj ET Q q 0 0 0 rg BT 539.76 358.20 Td (early ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 345.60 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 124.07 345.60 Td (of ) Tj ET Q q 0 0 0 rg BT 136.78 345.60 Td (debt, ) Tj ET Q q 0 0 0 rg BT 164.08 345.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 196.04 345.60 Td (in ) Tj ET Q q 0 0 0 rg BT 208.16 345.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 252.38 345.60 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 293.09 345.60 Td (of ) Tj ET Q q 0 0 0 rg BT 305.79 345.60 Td (unconsolidated ) Tj ET Q q 0 0 0 rg BT 380.38 345.60 Td (real ) Tj ET Q q 0 0 0 rg BT 401.83 345.60 Td (estate ) Tj ET Q q 0 0 0 rg BT 434.38 345.60 Td (ventures, ) Tj ET Q q 0 0 0 rg BT 481.52 345.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 535.08 345.60 Td (costs, ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 333.00 Td (organizational ) Tj ET Q q 0 0 0 rg BT 117.93 333.00 Td (and ) Tj ET Q q 0 0 0 rg BT 138.50 333.00 Td (of) Tj ET Q q 0 0 0 rg BT 147.07 333.00 Td (fering ) Tj ET Q q 0 0 0 rg BT 176.39 333.00 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 227.31 333.00 Td (income ) Tj ET Q q 0 0 0 rg BT 264.21 333.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 281.27 333.00 Td (expense, ) Tj ET Q q 0 0 0 rg BT 326.93 333.00 Td (impairment ) Tj ET Q q 0 0 0 rg BT 381.92 333.00 Td (of ) Tj ET Q q 0 0 0 rg BT 393.73 333.00 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 441.72 333.00 Td (assets, ) Tj ET Q q 0 0 0 rg BT 478.04 333.00 Td (losses ) Tj ET Q q 0 0 0 rg BT 510.85 333.00 Td (on ) Tj ET Q q 0 0 0 rg BT 525.58 333.00 Td (the ) Tj ET Q q 0 0 0 rg BT 543.23 333.00 Td (sale ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 320.40 Td (of ) Tj ET Q q 0 0 0 rg BT 60.66 320.40 Td (properties ) Tj ET Q q 0 0 0 rg BT 109.76 320.40 Td (and ) Tj ET Q q 0 0 0 rg BT 129.68 320.40 Td (non-operating ) Tj ET Q q 0 0 0 rg BT 196.89 320.40 Td (expense ) Tj ET Q q 0 0 0 rg BT 239.00 320.40 Td (and ) Tj ET Q q 0 0 0 rg BT 258.92 320.40 Td (by ) Tj ET Q q 0 0 0 rg BT 272.41 320.40 Td (subtracting ) Tj ET Q q 0 0 0 rg BT 326.18 320.40 Td (management ) Tj ET Q q 0 0 0 rg BT 389.88 320.40 Td (fees ) Tj ET Q q 0 0 0 rg BT 412.13 320.40 Td (and ) Tj ET Q q 0 0 0 rg BT 432.05 320.40 Td (other ) Tj ET Q q 0 0 0 rg BT 458.39 320.40 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 501.66 320.40 Td (gains ) Tj ET Q q 0 0 0 rg BT 529.17 320.40 Td (on ) Tj ET Q q 0 0 0 rg BT 543.25 320.40 Td (sale ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 307.80 Td (of ) Tj ET Q q 0 0 0 rg BT 61.44 307.80 Td (properties, ) Tj ET Q q 0 0 0 rg BT 114.24 307.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 137.86 307.80 Td (forgiveness, ) Tj ET Q q 0 0 0 rg BT 197.66 307.80 Td (and ) Tj ET Q q 0 0 0 rg BT 218.37 307.80 Td (non-operating ) Tj ET Q q 0 0 0 rg BT 286.36 307.80 Td (income. ) Tj ET Q q 0 0 0 rg BT 326.31 307.80 Td (NOI ) Tj ET Q q 0 0 0 rg BT 348.17 307.80 Td (is ) Tj ET Q q 0 0 0 rg BT 358.94 307.80 Td (not ) Tj ET Q q 0 0 0 rg BT 376.72 307.80 Td (a ) Tj ET Q q 0 0 0 rg BT 385.75 307.80 Td (measure ) Tj ET Q q 0 0 0 rg BT 429.79 307.80 Td (of ) Tj ET Q q 0 0 0 rg BT 441.73 307.80 Td (performance ) Tj ET Q q 0 0 0 rg BT 503.86 307.80 Td (calculated ) Tj ET Q q 0 0 0 rg BT 554.33 307.80 Td (in ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 295.20 Td (accordance ) Tj ET Q q 0 0 0 rg BT 106.70 295.20 Td (with ) Tj ET Q q 0 0 0 rg BT 128.29 295.20 Td (GAAP) Tj ET Q q 0 0 0 rg BT 156.12 295.20 Td (.) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 67.50 278.60 Td (W) Tj ET Q q 0 0 0 rg BT 77.22 278.60 Td (e ) Tj ET Q q 0 0 0 rg BT 85.98 278.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 122.17 278.60 Td (NOI ) Tj ET Q q 0 0 0 rg BT 143.76 278.60 Td (is ) Tj ET Q q 0 0 0 rg BT 154.26 278.60 Td (useful ) Tj ET Q q 0 0 0 rg BT 185.19 278.60 Td (to ) Tj ET Q q 0 0 0 rg BT 196.87 278.60 Td (investors ) Tj ET Q q 0 0 0 rg BT 241.80 278.60 Td (in ) Tj ET Q q 0 0 0 rg BT 252.89 278.60 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 303.68 278.60 Td (our ) Tj ET Q q 0 0 0 rg BT 321.78 278.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 368.48 278.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 430.34 278.60 Td (because:) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 67.50 262.00 Td ( ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 262.00 Td (NOI ) Tj ET Q q 0 0 0 rg BT 107.10 262.00 Td (is ) Tj ET Q q 0 0 0 rg BT 117.61 262.00 Td (one ) Tj ET Q q 0 0 0 rg BT 138.05 262.00 Td (of ) Tj ET Q q 0 0 0 rg BT 149.74 262.00 Td (the ) Tj ET Q q 0 0 0 rg BT 167.26 262.00 Td (primary ) Tj ET Q q 0 0 0 rg BT 205.19 262.00 Td (measures ) Tj ET Q q 0 0 0 rg BT 254.22 262.00 Td (used ) Tj ET Q q 0 0 0 rg BT 279.92 262.00 Td (by ) Tj ET Q q 0 0 0 rg BT 293.93 262.00 Td (our ) Tj ET Q q 0 0 0 rg BT 312.04 262.00 Td (management ) Tj ET Q q 0 0 0 rg BT 376.25 262.00 Td (and ) Tj ET Q q 0 0 0 rg BT 396.70 262.00 Td (our ) Tj ET Q q 0 0 0 rg BT 414.81 262.00 Td (PROs ) Tj ET Q q 0 0 0 rg BT 445.74 262.00 Td (to ) Tj ET Q q 0 0 0 rg BT 457.42 262.00 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 500.05 262.00 Td (the ) Tj ET Q q 0 0 0 rg BT 517.57 262.00 Td (economic ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 249.40 Td (productivity ) Tj ET Q q 0 0 0 rg BT 140.74 249.40 Td (of ) Tj ET Q q 0 0 0 rg BT 151.63 249.40 Td (our ) Tj ET Q q 0 0 0 rg BT 168.95 249.40 Td (properties, ) Tj ET Q q 0 0 0 rg BT 220.69 249.40 Td (including ) Tj ET Q q 0 0 0 rg BT 264.28 249.40 Td (our ) Tj ET Q q 0 0 0 rg BT 281.59 249.40 Td (ability ) Tj ET Q q 0 0 0 rg BT 310.57 249.40 Td (to ) Tj ET Q q 0 0 0 rg BT 321.46 249.40 Td (lease ) Tj ET Q q 0 0 0 rg BT 348.70 249.40 Td (our ) Tj ET Q q 0 0 0 rg BT 366.01 249.40 Td (properties, ) Tj ET Q q 0 0 0 rg BT 417.76 249.40 Td (increase ) Tj ET Q q 0 0 0 rg BT 459.58 249.40 Td (pricing ) Tj ET Q q 0 0 0 rg BT 492.65 249.40 Td (and ) Tj ET Q q 0 0 0 rg BT 512.30 249.40 Td (occupancy ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 236.80 Td (and ) Tj ET Q q 0 0 0 rg BT 105.94 236.80 Td (control ) Tj ET Q q 0 0 0 rg BT 140.37 236.80 Td (our ) Tj ET Q q 0 0 0 rg BT 158.46 236.80 Td (property ) Tj ET Q q 0 0 0 rg BT 199.90 236.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 246.61 236.80 Td (expenses;) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 67.50 220.20 Td ( ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 220.20 Td (NOI ) Tj ET Q q 0 0 0 rg BT 107.10 220.20 Td (is ) Tj ET Q q 0 0 0 rg BT 117.61 220.20 Td (widely ) Tj ET Q q 0 0 0 rg BT 149.71 220.20 Td (used ) Tj ET Q q 0 0 0 rg BT 175.41 220.20 Td (in ) Tj ET Q q 0 0 0 rg BT 186.51 220.20 Td (the ) Tj ET Q q 0 0 0 rg BT 204.03 220.20 Td (real ) Tj ET Q q 0 0 0 rg BT 224.47 220.20 Td (estate ) Tj ET Q q 0 0 0 rg BT 256.00 220.20 Td (industry ) Tj ET Q q 0 0 0 rg BT 295.69 220.20 Td (and ) Tj ET Q q 0 0 0 rg BT 316.14 220.20 Td (the ) Tj ET Q q 0 0 0 rg BT 333.67 220.20 Td (self ) Tj ET Q q 0 0 0 rg BT 352.93 220.20 Td (storage ) Tj ET Q q 0 0 0 rg BT 390.88 220.20 Td (industry ) Tj ET Q q 0 0 0 rg BT 430.58 220.20 Td (to ) Tj ET Q q 0 0 0 rg BT 442.26 220.20 Td (measure ) Tj ET Q q 0 0 0 rg BT 486.04 220.20 Td (the ) Tj ET Q q 0 0 0 rg BT 503.57 220.20 Td (performance ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 207.60 Td (and ) Tj ET Q q 0 0 0 rg BT 105.91 207.60 Td (value ) Tj ET Q q 0 0 0 rg BT 133.91 207.60 Td (of ) Tj ET Q q 0 0 0 rg BT 145.55 207.60 Td (real ) Tj ET Q q 0 0 0 rg BT 165.96 207.60 Td (estate ) Tj ET Q q 0 0 0 rg BT 197.45 207.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 230.69 207.60 Td (without ) Tj ET Q q 0 0 0 rg BT 266.85 207.60 Td (regard ) Tj ET Q q 0 0 0 rg BT 300.10 207.60 Td (to ) Tj ET Q q 0 0 0 rg BT 311.75 207.60 Td (various ) Tj ET Q q 0 0 0 rg BT 348.49 207.60 Td (items ) Tj ET Q q 0 0 0 rg BT 376.46 207.60 Td (included ) Tj ET Q q 0 0 0 rg BT 418.47 207.60 Td (in ) Tj ET Q q 0 0 0 rg BT 429.54 207.60 Td (net ) Tj ET Q q 0 0 0 rg BT 447.02 207.60 Td (income ) Tj ET Q q 0 0 0 rg BT 483.77 207.60 Td (that ) Tj ET Q q 0 0 0 rg BT 504.17 207.60 Td (do ) Tj ET Q q 0 0 0 rg BT 518.74 207.60 Td (not ) Tj ET Q q 0 0 0 rg BT 536.23 207.60 Td (relate ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 195.00 Td (to ) Tj ET Q q 0 0 0 rg BT 96.87 195.00 Td (or ) Tj ET Q q 0 0 0 rg BT 108.82 195.00 Td (are ) Tj ET Q q 0 0 0 rg BT 126.62 195.00 Td (not ) Tj ET Q q 0 0 0 rg BT 143.83 195.00 Td (indicative ) Tj ET Q q 0 0 0 rg BT 190.22 195.00 Td (of ) Tj ET Q q 0 0 0 rg BT 201.59 195.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 247.99 195.00 Td (performance, ) Tj ET Q q 0 0 0 rg BT 312.47 195.00 Td (such ) Tj ET Q q 0 0 0 rg BT 337.27 195.00 Td (as ) Tj ET Q q 0 0 0 rg BT 350.97 195.00 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 410.80 195.00 Td (and ) Tj ET Q q 0 0 0 rg BT 430.93 195.00 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 493.66 195.00 Td (which ) Tj ET Q q 0 0 0 rg BT 523.12 195.00 Td (can ) Tj ET Q q 0 0 0 rg BT 542.66 195.00 Td (vary ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 182.40 Td (depending ) Tj ET Q q 0 0 0 rg BT 137.55 182.40 Td (upon ) Tj ET Q q 0 0 0 rg BT 163.91 182.40 Td (accounting ) Tj ET Q q 0 0 0 rg BT 217.71 182.40 Td (methods, ) Tj ET Q q 0 0 0 rg BT 263.90 182.40 Td (the ) Tj ET Q q 0 0 0 rg BT 281.50 182.40 Td (book ) Tj ET Q q 0 0 0 rg BT 307.27 182.40 Td (value ) Tj ET Q q 0 0 0 rg BT 335.37 182.40 Td (of ) Tj ET Q q 0 0 0 rg BT 347.13 182.40 Td (assets, ) Tj ET Q q 0 0 0 rg BT 383.40 182.40 Td (and ) Tj ET Q q 0 0 0 rg BT 403.92 182.40 Td (the ) Tj ET Q q 0 0 0 rg BT 421.52 182.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 455.44 182.40 Td (of ) Tj ET Q q 0 0 0 rg BT 467.20 182.40 Td (our ) Tj ET Q q 0 0 0 rg BT 485.38 182.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 518.73 182.40 Td (structure; ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 169.80 Td (and) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 67.50 153.20 Td ( ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 153.20 Td (W) Tj ET Q q 0 0 0 rg BT 95.22 153.20 Td (e ) Tj ET Q q 0 0 0 rg BT 104.38 153.20 Td (believe ) Tj ET Q q 0 0 0 rg BT 140.97 153.20 Td (NOI ) Tj ET Q q 0 0 0 rg BT 162.96 153.20 Td (helps ) Tj ET Q q 0 0 0 rg BT 191.38 153.20 Td (our ) Tj ET Q q 0 0 0 rg BT 209.87 153.20 Td (investors ) Tj ET Q q 0 0 0 rg BT 255.21 153.20 Td (to ) Tj ET Q q 0 0 0 rg BT 267.28 153.20 Td (meaningfully ) Tj ET Q q 0 0 0 rg BT 329.55 153.20 Td (compare ) Tj ET Q q 0 0 0 rg BT 373.72 153.20 Td (the ) Tj ET Q q 0 0 0 rg BT 391.64 153.20 Td (results ) Tj ET Q q 0 0 0 rg BT 425.88 153.20 Td (of ) Tj ET Q q 0 0 0 rg BT 437.96 153.20 Td (our ) Tj ET Q q 0 0 0 rg BT 456.45 153.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 503.56 153.20 Td (performance ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 140.60 Td (from ) Tj ET Q q 0 0 0 rg BT 109.61 140.60 Td (period ) Tj ET Q q 0 0 0 rg BT 141.91 140.60 Td (to ) Tj ET Q q 0 0 0 rg BT 153.78 140.60 Td (period ) Tj ET Q q 0 0 0 rg BT 186.08 140.60 Td (by ) Tj ET Q q 0 0 0 rg BT 200.28 140.60 Td (removing ) Tj ET Q q 0 0 0 rg BT 246.58 140.60 Td (the ) Tj ET Q q 0 0 0 rg BT 264.29 140.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 298.33 140.60 Td (of ) Tj ET Q q 0 0 0 rg BT 310.19 140.60 Td (our ) Tj ET Q q 0 0 0 rg BT 328.48 140.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 361.95 140.60 Td (structure ) Tj ET Q q 0 0 0 rg BT 405.91 140.60 Td (\(primarily ) Tj ET Q q 0 0 0 rg BT 452.18 140.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 489.73 140.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 532.54 140.60 Td (on ) Tj ET Q q 0 0 0 rg BT 547.33 140.60 Td (our ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 128.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 142.71 128.00 Td (indebtedness\) ) Tj ET Q q 0 0 0 rg BT 211.60 128.00 Td (and ) Tj ET Q q 0 0 0 rg BT 232.03 128.00 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 292.16 128.00 Td (of ) Tj ET Q q 0 0 0 rg BT 303.84 128.00 Td (the ) Tj ET Q q 0 0 0 rg BT 321.35 128.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 343.53 128.00 Td (basis ) Tj ET Q q 0 0 0 rg BT 370.96 128.00 Td (of ) Tj ET Q q 0 0 0 rg BT 382.63 128.00 Td (our ) Tj ET Q q 0 0 0 rg BT 400.72 128.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 433.99 128.00 Td (from ) Tj ET Q q 0 0 0 rg BT 457.91 128.00 Td (our ) Tj ET Q q 0 0 0 rg BT 476.00 128.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 522.70 128.00 Td (results.) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 67.50 111.40 Td (There ) Tj ET Q q 0 0 0 rg BT 97.53 111.40 Td (are ) Tj ET Q q 0 0 0 rg BT 115.30 111.40 Td (material ) Tj ET Q q 0 0 0 rg BT 155.25 111.40 Td (limitations ) Tj ET Q q 0 0 0 rg BT 204.53 111.40 Td (to ) Tj ET Q q 0 0 0 rg BT 215.88 111.40 Td (using ) Tj ET Q q 0 0 0 rg BT 243.58 111.40 Td (a ) Tj ET Q q 0 0 0 rg BT 252.02 111.40 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 302.03 111.40 Td ( ) Tj ET Q q 0 0 0 rg BT 304.63 111.40 Td (measure ) Tj ET Q q 0 0 0 rg BT 348.08 111.40 Td (such ) Tj ET Q q 0 0 0 rg BT 372.85 111.40 Td (as ) Tj ET Q q 0 0 0 rg BT 386.54 111.40 Td (NOI, ) Tj ET Q q 0 0 0 rg BT 410.73 111.40 Td (including ) Tj ET Q q 0 0 0 rg BT 454.77 111.40 Td (the ) Tj ET Q q 0 0 0 rg BT 471.97 111.40 Td (dif) Tj ET Q q 0 0 0 rg BT 482.87 111.40 Td (ficulty ) Tj ET Q q 0 0 0 rg BT 512.31 111.40 Td (associated ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 98.80 Td (with ) Tj ET Q q 0 0 0 rg BT 72.14 98.80 Td (comparing ) Tj ET Q q 0 0 0 rg BT 125.13 98.80 Td (results ) Tj ET Q q 0 0 0 rg BT 160.02 98.80 Td (among ) Tj ET Q q 0 0 0 rg BT 196.09 98.80 Td (more ) Tj ET Q q 0 0 0 rg BT 223.98 98.80 Td (than ) Tj ET Q q 0 0 0 rg BT 248.39 98.80 Td (one ) Tj ET Q q 0 0 0 rg BT 269.87 98.80 Td (company ) Tj ET Q q 0 0 0 rg BT 316.44 98.80 Td (and ) Tj ET Q q 0 0 0 rg BT 337.93 98.80 Td (the ) Tj ET Q q 0 0 0 rg BT 356.49 98.80 Td (inability ) Tj ET Q q 0 0 0 rg BT 395.48 98.80 Td (to ) Tj ET Q q 0 0 0 rg BT 408.20 98.80 Td (analyze ) Tj ET Q q 0 0 0 rg BT 448.36 98.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 483.84 98.80 Td (significant ) Tj ET Q q 0 0 0 rg BT 534.50 98.80 Td (items, ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 86.20 Td (including ) Tj ET Q q 0 0 0 rg BT 93.65 86.20 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 153.57 86.20 Td (and ) Tj ET Q q 0 0 0 rg BT 173.80 86.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 210.94 86.20 Td (expense, ) Tj ET Q q 0 0 0 rg BT 256.26 86.20 Td (that ) Tj ET Q q 0 0 0 rg BT 276.48 86.20 Td (directly ) Tj ET Q q 0 0 0 rg BT 312.45 86.20 Td (af) Tj ET Q q 0 0 0 rg BT 321.02 86.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 340.65 86.20 Td (our ) Tj ET Q q 0 0 0 rg BT 358.53 86.20 Td (net ) Tj ET Q q 0 0 0 rg BT 375.83 86.20 Td (income ) Tj ET Q q 0 0 0 rg BT 412.39 86.20 Td (\(loss\). ) Tj ET Q q 0 0 0 rg BT 443.68 86.20 Td (W) Tj ET Q q 0 0 0 rg BT 453.40 86.20 Td (e ) Tj ET Q q 0 0 0 rg BT 461.95 86.20 Td (compensate ) Tj ET Q q 0 0 0 rg BT 521.86 86.20 Td (for ) Tj ET Q q 0 0 0 rg BT 536.82 86.20 Td (these ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 73.60 Td (limitations ) Tj ET Q q 0 0 0 rg BT 101.02 73.60 Td (by ) Tj ET Q q 0 0 0 rg BT 116.94 73.60 Td (considering ) Tj ET Q q 0 0 0 rg BT 175.47 73.60 Td (the ) Tj ET Q q 0 0 0 rg BT 194.90 73.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 244.67 73.60 Td (ef) Tj ET Q q 0 0 0 rg BT 253.24 73.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 275.00 73.60 Td (of ) Tj ET Q q 0 0 0 rg BT 288.59 73.60 Td (the ) Tj ET Q q 0 0 0 rg BT 308.02 73.60 Td (excluded ) Tj ET Q q 0 0 0 rg BT 354.88 73.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 399.41 73.60 Td (items ) Tj ET Q q 0 0 0 rg BT 429.33 73.60 Td (independently ) Tj ET Q q 0 0 0 rg BT 499.56 73.60 Td (as ) Tj ET Q q 0 0 0 rg BT 515.48 73.60 Td (well ) Tj ET Q q 0 0 0 rg BT 538.40 73.60 Td (as ) Tj ET Q q 0 0 0 rg BT 554.32 73.60 Td (in ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 61.00 Td (connection ) Tj ET Q q 0 0 0 rg BT 102.62 61.00 Td (with ) Tj ET Q q 0 0 0 rg BT 123.62 61.00 Td (our ) Tj ET Q q 0 0 0 rg BT 141.13 61.00 Td (analysis ) Tj ET Q q 0 0 0 rg BT 181.40 61.00 Td (of ) Tj ET Q q 0 0 0 rg BT 192.48 61.00 Td (net ) Tj ET Q q 0 0 0 rg BT 209.41 61.00 Td (income ) Tj ET Q q 0 0 0 rg BT 245.59 61.00 Td (\(loss\). ) Tj ET Q q 0 0 0 rg BT 276.51 61.00 Td (NOI ) Tj ET Q q 0 0 0 rg BT 297.50 61.00 Td (should ) Tj ET Q q 0 0 0 rg BT 330.78 61.00 Td (be ) Tj ET Q q 0 0 0 rg BT 344.79 61.00 Td (considered ) Tj ET Q q 0 0 0 rg BT 398.49 61.00 Td (in ) Tj ET Q q 0 0 0 rg BT 408.99 61.00 Td (addition ) Tj ET Q q 0 0 0 rg BT 448.10 61.00 Td (to, ) Tj ET Q q 0 0 0 rg BT 462.11 61.00 Td (but ) Tj ET Q q 0 0 0 rg BT 479.04 61.00 Td (not ) Tj ET Q q 0 0 0 rg BT 495.96 61.00 Td (as ) Tj ET Q q 0 0 0 rg BT 509.39 61.00 Td (a ) Tj ET Q q 0 0 0 rg BT 517.56 61.00 Td (substitute ) Tj ET Q /GS0 gs q 57.00 0 0 47.00 50.00 732.50 cm /I24 Do Q endstream endobj 51 0 obj <> endobj 52 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.40 33.25 Td (23) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 712.40 Td (for) Tj ET Q q 0 0 0 rg BT 61.17 712.40 Td (, ) Tj ET Q q 0 0 0 rg BT 66.63 712.40 Td (other ) Tj ET Q q 0 0 0 rg BT 93.10 712.40 Td (measures ) Tj ET Q q 0 0 0 rg BT 141.74 712.40 Td (of ) Tj ET Q q 0 0 0 rg BT 153.04 712.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 194.10 712.40 Td (performance ) Tj ET Q q 0 0 0 rg BT 255.59 712.40 Td (reported ) Tj ET Q q 0 0 0 rg BT 297.24 712.40 Td (in ) Tj ET Q q 0 0 0 rg BT 307.95 712.40 Td (accordance ) Tj ET Q q 0 0 0 rg BT 364.77 712.40 Td (with ) Tj ET Q q 0 0 0 rg BT 385.99 712.40 Td (GAAP) Tj ET Q q 0 0 0 rg BT 413.81 712.40 Td (, ) Tj ET Q q 0 0 0 rg BT 419.27 712.40 Td (such ) Tj ET Q q 0 0 0 rg BT 443.98 712.40 Td (as ) Tj ET Q q 0 0 0 rg BT 457.61 712.40 Td (total ) Tj ET Q q 0 0 0 rg BT 480.00 712.40 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 528.65 712.40 Td (income ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 699.80 Td (from ) Tj ET Q q 0 0 0 rg BT 73.42 699.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 125.37 699.80 Td (and ) Tj ET Q q 0 0 0 rg BT 145.81 699.80 Td (net ) Tj ET Q q 0 0 0 rg BT 163.32 699.80 Td (loss.) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 683.20 Td (NET ) Tj ET Q q 0 0 0 rg BT 72.42 683.20 Td (OPERA) Tj ET Q q 0 0 0 rg BT 108.98 683.20 Td (TING ) Tj ET Q q 0 0 0 rg BT 135.97 683.20 Td (INCOME ) Tj ET Q q 0 0 0 rg BT 179.89 683.20 Td (MARGIN:) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 225.97 683.20 Td () Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 228.59 683.20 Td (The ) Tj ET Q q 0 0 0 rg BT 248.60 683.20 Td (ratio ) Tj ET Q q 0 0 0 rg BT 270.94 683.20 Td (of ) Tj ET Q q 0 0 0 rg BT 281.61 683.20 Td (NOI ) Tj ET Q q 0 0 0 rg BT 302.19 683.20 Td (divided ) Tj ET Q q 0 0 0 rg BT 337.38 683.20 Td (by ) Tj ET Q q 0 0 0 rg BT 350.39 683.20 Td (total ) Tj ET Q q 0 0 0 rg BT 372.15 683.20 Td (rental ) Tj ET Q q 0 0 0 rg BT 400.33 683.20 Td (and ) Tj ET Q q 0 0 0 rg BT 419.77 683.20 Td (other ) Tj ET Q q 0 0 0 rg BT 445.61 683.20 Td (property-related ) Tj ET Q q 0 0 0 rg BT 521.65 683.20 Td (revenue.) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (NON-SAME ) Tj ET Q q 0 0 0 rg BT 110.05 666.60 Td (ST) Tj ET Q q 0 0 0 rg BT 123.28 666.60 Td (ORE ) Tj ET Q q 0 0 0 rg BT 149.42 666.60 Td (PORTFOLIO: ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 217.55 666.60 Td (Non-same ) Tj ET Q q 0 0 0 rg BT 269.37 666.60 Td (store ) Tj ET Q q 0 0 0 rg BT 296.10 666.60 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 336.85 666.60 Td (comprises ) Tj ET Q q 0 0 0 rg BT 388.08 666.60 Td (those ) Tj ET Q q 0 0 0 rg BT 417.15 666.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 467.23 666.60 Td (that ) Tj ET Q q 0 0 0 rg BT 488.13 666.60 Td (do ) Tj ET Q q 0 0 0 rg BT 503.20 666.60 Td (not ) Tj ET Q q 0 0 0 rg BT 521.18 666.60 Td (meet ) Tj ET Q q 0 0 0 rg BT 547.91 666.60 Td (the ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 654.00 Td (Same ) Tj ET Q q 0 0 0 rg BT 79.85 654.00 Td (Store ) Tj ET Q q 0 0 0 rg BT 107.86 654.00 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 148.14 654.00 Td (property ) Tj ET Q q 0 0 0 rg BT 189.57 654.00 Td (definition.) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 637.40 Td (OCCUP) Tj ET Q q 0 0 0 rg BT 86.64 637.40 Td (ANCY) Tj ET Q q 0 0 0 rg BT 116.20 637.40 Td ( ) Tj ET Q q 0 0 0 rg BT 117.90 637.40 Td (A) Tj ET Q q 0 0 0 rg BT 124.70 637.40 Td (T ) Tj ET Q q 0 0 0 rg BT 133.07 637.40 Td (PERIOD ) Tj ET Q q 0 0 0 rg BT 175.29 637.40 Td (END: ) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 202.91 637.40 Td () Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 205.53 637.40 Td (Represents ) Tj ET Q q 0 0 0 rg BT 261.19 637.40 Td (total ) Tj ET Q q 0 0 0 rg BT 282.99 637.40 Td (occupied ) Tj ET Q q 0 0 0 rg BT 326.98 637.40 Td (rentable ) Tj ET Q q 0 0 0 rg BT 366.88 637.40 Td (square ) Tj ET Q q 0 0 0 rg BT 400.94 637.40 Td (feet ) Tj ET Q q 0 0 0 rg BT 420.41 637.40 Td (divided ) Tj ET Q q 0 0 0 rg BT 455.64 637.40 Td (by ) Tj ET Q q 0 0 0 rg BT 468.69 637.40 Td (total ) Tj ET Q q 0 0 0 rg BT 490.49 637.40 Td (rentable ) Tj ET Q q 0 0 0 rg BT 530.40 637.40 Td (square ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 624.80 Td (feet ) Tj ET Q q 0 0 0 rg BT 69.93 624.80 Td (at ) Tj ET Q q 0 0 0 rg BT 81.61 624.80 Td (period ) Tj ET Q q 0 0 0 rg BT 113.71 624.80 Td (end.) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 608.20 Td (OPERA) Tj ET Q q 0 0 0 rg BT 86.06 608.20 Td (TING ) Tj ET Q q 0 0 0 rg BT 114.44 608.20 Td (P) Tj ET Q q 0 0 0 rg BT 120.66 608.20 Td (ARTNERSHIP) Tj ET Q q 0 0 0 rg BT 188.73 608.20 Td ( ) Tj ET Q q 0 0 0 rg BT 192.03 608.20 Td (UNITS: ) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 230.32 608.20 Td () Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 232.95 608.20 Td (Operating ) Tj ET Q q 0 0 0 rg BT 282.36 608.20 Td (partnership ) Tj ET Q q 0 0 0 rg BT 338.19 608.20 Td (units, ) Tj ET Q q 0 0 0 rg BT 366.58 608.20 Td (or ) Tj ET Q q 0 0 0 rg BT 379.21 608.20 Td (OP) Tj ET Q q 0 0 0 rg BT 394.19 608.20 Td ( ) Tj ET Q q 0 0 0 rg BT 397.49 608.20 Td (Units, ) Tj ET Q q 0 0 0 rg BT 427.63 608.20 Td (are ) Tj ET Q q 0 0 0 rg BT 446.10 608.20 Td (Class ) Tj ET Q q 0 0 0 rg BT 475.00 608.20 Td (A) Tj ET Q q 0 0 0 rg BT 481.42 608.20 Td ( ) Tj ET Q q 0 0 0 rg BT 484.72 608.20 Td (common ) Tj ET Q q 0 0 0 rg BT 528.28 608.20 Td (units ) Tj ET Q q 0 0 0 rg BT 553.75 608.20 Td (of ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 595.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 83.13 595.60 Td (partner ) Tj ET Q q 0 0 0 rg BT 119.69 595.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 157.42 595.60 Td (in ) Tj ET Q q 0 0 0 rg BT 168.88 595.60 Td (our ) Tj ET Q q 0 0 0 rg BT 187.35 595.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 234.43 595.60 Td (partnership ) Tj ET Q q 0 0 0 rg BT 290.25 595.60 Td (which ) Tj ET Q q 0 0 0 rg BT 320.38 595.60 Td (are ) Tj ET Q q 0 0 0 rg BT 338.85 595.60 Td (economically ) Tj ET Q q 0 0 0 rg BT 402.84 595.60 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 454.00 595.60 Td (to ) Tj ET Q q 0 0 0 rg BT 466.05 595.60 Td (our ) Tj ET Q q 0 0 0 rg BT 484.51 595.60 Td (common ) Tj ET Q q 0 0 0 rg BT 528.07 595.60 Td (shares. ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 583.00 Td (W) Tj ET Q q 0 0 0 rg BT 59.22 583.00 Td (e ) Tj ET Q q 0 0 0 rg BT 67.72 583.00 Td (also ) Tj ET Q q 0 0 0 rg BT 89.63 583.00 Td (own ) Tj ET Q q 0 0 0 rg BT 111.55 583.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 145.72 583.00 Td (of ) Tj ET Q q 0 0 0 rg BT 157.14 583.00 Td (our ) Tj ET Q q 0 0 0 rg BT 174.97 583.00 Td (self ) Tj ET Q q 0 0 0 rg BT 193.96 583.00 Td (storage ) Tj ET Q q 0 0 0 rg BT 231.64 583.00 Td (properties ) Tj ET Q q 0 0 0 rg BT 280.99 583.00 Td (through ) Tj ET Q q 0 0 0 rg BT 319.26 583.00 Td (other ) Tj ET Q q 0 0 0 rg BT 345.85 583.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 407.47 583.00 Td (limited ) Tj ET Q q 0 0 0 rg BT 440.46 583.00 Td (partnership ) Tj ET Q q 0 0 0 rg BT 495.65 583.00 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 553.75 583.00 Td (of ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 570.40 Td (our ) Tj ET Q q 0 0 0 rg BT 68.32 570.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 115.76 570.40 Td (partnership, ) Tj ET Q q 0 0 0 rg BT 174.86 570.40 Td (which ) Tj ET Q q 0 0 0 rg BT 205.35 570.40 Td (we ) Tj ET Q q 0 0 0 rg BT 222.42 570.40 Td (refer ) Tj ET Q q 0 0 0 rg BT 247.66 570.40 Td (to ) Tj ET Q q 0 0 0 rg BT 260.07 570.40 Td (as ) Tj ET Q q 0 0 0 rg BT 274.81 570.40 Td ("DownREIT) Tj ET Q q 0 0 0 rg BT 329.11 570.40 Td ( ) Tj ET Q q 0 0 0 rg BT 332.76 570.40 Td (partnerships." ) Tj ET Q q 0 0 0 rg BT 400.59 570.40 Td (The ) Tj ET Q q 0 0 0 rg BT 422.34 570.40 Td (DownREIT) Tj ET Q q 0 0 0 rg BT 472.91 570.40 Td ( ) Tj ET Q q 0 0 0 rg BT 476.56 570.40 Td (partnerships ) Tj ET Q q 0 0 0 rg BT 537.99 570.40 Td (issue ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 557.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 83.31 557.80 Td (units ) Tj ET Q q 0 0 0 rg BT 107.79 557.80 Td (of ) Tj ET Q q 0 0 0 rg BT 118.84 557.80 Td (limited ) Tj ET Q q 0 0 0 rg BT 151.48 557.80 Td (partner ) Tj ET Q q 0 0 0 rg BT 187.04 557.80 Td (or ) Tj ET Q q 0 0 0 rg BT 198.67 557.80 Td (limited ) Tj ET Q q 0 0 0 rg BT 231.31 557.80 Td (liability ) Tj ET Q q 0 0 0 rg BT 265.12 557.80 Td (company ) Tj ET Q q 0 0 0 rg BT 310.02 557.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 346.75 557.80 Td (that ) Tj ET Q q 0 0 0 rg BT 366.56 557.80 Td (are ) Tj ET Q q 0 0 0 rg BT 384.03 557.80 Td (intended ) Tj ET Q q 0 0 0 rg BT 426.61 557.80 Td (to ) Tj ET Q q 0 0 0 rg BT 437.67 557.80 Td (be ) Tj ET Q q 0 0 0 rg BT 451.64 557.80 Td (economically ) Tj ET Q q 0 0 0 rg BT 514.63 557.80 Td (equivalent ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 545.20 Td (to ) Tj ET Q q 0 0 0 rg BT 63.28 545.20 Td (our ) Tj ET Q q 0 0 0 rg BT 83.48 545.20 Td (OP) Tj ET Q q 0 0 0 rg BT 98.46 545.20 Td ( ) Tj ET Q q 0 0 0 rg BT 103.48 545.20 Td (units, ) Tj ET Q q 0 0 0 rg BT 133.60 545.20 Td (which ) Tj ET Q q 0 0 0 rg BT 165.46 545.20 Td (we ) Tj ET Q q 0 0 0 rg BT 183.91 545.20 Td (define ) Tj ET Q q 0 0 0 rg BT 217.54 545.20 Td (as ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 233.65 545.20 Td (DOWNREIT ) Tj ET Q q 0 0 0 rg BT 295.83 545.20 Td (OPERA) Tj ET Q q 0 0 0 rg BT 332.39 545.20 Td (TING ) Tj ET Q q 0 0 0 rg BT 362.50 545.20 Td (P) Tj ET Q q 0 0 0 rg BT 368.72 545.20 Td (ARTNERSHIP) Tj ET Q q 0 0 0 rg BT 436.79 545.20 Td ( ) Tj ET Q q 0 0 0 rg BT 441.81 545.20 Td (UNIT ) Tj ET Q q 0 0 0 rg BT 471.33 545.20 Td (EQUIV) Tj ET Q q 0 0 0 rg BT 503.22 545.20 Td (ALENTS) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 545.22 545.20 Td (, ) Tj ET Q q 0 0 0 rg BT 553.16 545.20 Td (or ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 532.60 Td (DownREIT) Tj ET Q q 0 0 0 rg BT 100.07 532.60 Td ( ) Tj ET Q q 0 0 0 rg BT 102.99 532.60 Td (OP) Tj ET Q q 0 0 0 rg BT 117.97 532.60 Td ( ) Tj ET Q q 0 0 0 rg BT 120.89 532.60 Td (units.) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 516.00 Td (PROs:) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 81.59 516.00 Td ( ) Tj ET Q q 0 0 0 rg BT 83.72 516.00 Td (Participating ) Tj ET Q q 0 0 0 rg BT 143.64 516.00 Td (regional ) Tj ET Q q 0 0 0 rg BT 183.13 516.00 Td (operators, ) Tj ET Q q 0 0 0 rg BT 232.54 516.00 Td (or ) Tj ET Q q 0 0 0 rg BT 244.01 516.00 Td ("PROs", ) Tj ET Q q 0 0 0 rg BT 284.52 516.00 Td (are ) Tj ET Q q 0 0 0 rg BT 301.83 516.00 Td (our ) Tj ET Q q 0 0 0 rg BT 319.14 516.00 Td (experienced ) Tj ET Q q 0 0 0 rg BT 378.48 516.00 Td (regional ) Tj ET Q q 0 0 0 rg BT 417.97 516.00 Td (self ) Tj ET Q q 0 0 0 rg BT 436.44 516.00 Td (storage ) Tj ET Q q 0 0 0 rg BT 473.60 516.00 Td (operators ) Tj ET Q q 0 0 0 rg BT 520.09 516.00 Td (with ) Tj ET Q q 0 0 0 rg BT 540.90 516.00 Td (local ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 503.40 Td (operational ) Tj ET Q q 0 0 0 rg BT 103.97 503.40 Td (focus ) Tj ET Q q 0 0 0 rg BT 131.57 503.40 Td (and ) Tj ET Q q 0 0 0 rg BT 151.60 503.40 Td (expertise. ) Tj ET Q q 0 0 0 rg BT 199.63 503.40 Td ( ) Tj ET Q q 0 0 0 rg BT 201.65 503.40 Td (As ) Tj ET Q q 0 0 0 rg BT 216.41 503.40 Td (of ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 227.67 503.40 Td (March31, ) Tj ET Q q 0 0 0 rg BT 276.87 503.40 Td (2017) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 300.23 503.40 Td (, ) Tj ET Q q 0 0 0 rg BT 305.66 503.40 Td (our ) Tj ET Q q 0 0 0 rg BT 323.34 503.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 370.79 503.40 Td (had ) Tj ET Q q 0 0 0 rg BT 390.82 503.40 Td (eight ) Tj ET Q q 0 0 0 rg BT 416.10 503.40 Td (PROs, ) Tj ET Q q 0 0 0 rg BT 449.53 503.40 Td (SecurCare ) Tj ET Q q 0 0 0 rg BT 502.22 503.40 Td (Self ) Tj ET Q q 0 0 0 rg BT 522.83 503.40 Td (Storage, ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 490.80 Td (Northwest ) Tj ET Q q 0 0 0 rg BT 98.83 490.80 Td (Self ) Tj ET Q q 0 0 0 rg BT 118.99 490.80 Td (Storage, ) Tj ET Q q 0 0 0 rg BT 160.74 490.80 Td (Optivest ) Tj ET Q q 0 0 0 rg BT 201.32 490.80 Td (Properties, ) Tj ET Q q 0 0 0 rg BT 254.16 490.80 Td (Guardian ) Tj ET Q q 0 0 0 rg BT 299.42 490.80 Td (Storage ) Tj ET Q q 0 0 0 rg BT 338.26 490.80 Td (Centers, ) Tj ET Q q 0 0 0 rg BT 380.01 490.80 Td (Move ) Tj ET Q q 0 0 0 rg BT 407.74 490.80 Td (It ) Tj ET Q q 0 0 0 rg BT 415.64 490.80 Td (Self ) Tj ET Q q 0 0 0 rg BT 435.80 490.80 Td (Storage, ) Tj ET Q q 0 0 0 rg BT 477.56 490.80 Td (Storage ) Tj ET Q q 0 0 0 rg BT 516.40 490.80 Td (Solutions, ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 478.20 Td (Hide-A) Tj ET Q q 0 0 0 rg BT 81.41 478.20 Td (way ) Tj ET Q q 0 0 0 rg BT 103.00 478.20 Td (and ) Tj ET Q q 0 0 0 rg BT 123.43 478.20 Td (Personal ) Tj ET Q q 0 0 0 rg BT 167.79 478.20 Td (Mini.) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 461.60 Td (RENT) Tj ET Q q 0 0 0 rg BT 77.30 461.60 Td (ABLE ) Tj ET Q q 0 0 0 rg BT 111.29 461.60 Td (SQUARE ) Tj ET Q q 0 0 0 rg BT 161.61 461.60 Td (FEET) Tj ET Q q 0 0 0 rg BT 187.29 461.60 Td (: ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 196.18 461.60 Td (Rentable ) Tj ET Q q 0 0 0 rg BT 243.62 461.60 Td (square ) Tj ET Q q 0 0 0 rg BT 281.13 461.60 Td (feet ) Tj ET Q q 0 0 0 rg BT 304.04 461.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 347.97 461.60 Td (all ) Tj ET Q q 0 0 0 rg BT 363.88 461.60 Td (enclosed ) Tj ET Q q 0 0 0 rg BT 411.31 461.60 Td (self ) Tj ET Q q 0 0 0 rg BT 433.05 461.60 Td (storage ) Tj ET Q q 0 0 0 rg BT 473.48 461.60 Td (units ) Tj ET Q q 0 0 0 rg BT 501.06 461.60 Td (but ) Tj ET Q q 0 0 0 rg BT 521.06 461.60 Td (excludes ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 449.00 Td (commercial, ) Tj ET Q q 0 0 0 rg BT 109.01 449.00 Td (residential, ) Tj ET Q q 0 0 0 rg BT 162.71 449.00 Td (and ) Tj ET Q q 0 0 0 rg BT 183.14 449.00 Td (covered ) Tj ET Q q 0 0 0 rg BT 223.42 449.00 Td (parking ) Tj ET Q q 0 0 0 rg BT 260.77 449.00 Td (space.) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 432.40 Td (RESTRICTED ) Tj ET Q q 0 0 0 rg BT 122.38 432.40 Td (COMMON ) Tj ET Q q 0 0 0 rg BT 177.17 432.40 Td (SHARES: ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 230.22 432.40 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 283.28 432.40 Td (common ) Tj ET Q q 0 0 0 rg BT 329.33 432.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 366.64 432.40 Td (are) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 381.82 432.40 Td ( ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 387.03 432.40 Td (common ) Tj ET Q q 0 0 0 rg BT 433.09 432.40 Td (shares ) Tj ET Q q 0 0 0 rg BT 470.40 432.40 Td (that ) Tj ET Q q 0 0 0 rg BT 493.71 432.40 Td (are ) Tj ET Q q 0 0 0 rg BT 514.68 432.40 Td (subject ) Tj ET Q q 0 0 0 rg BT 553.74 432.40 Td (to ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 419.80 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 104.77 419.80 Td (on ) Tj ET Q q 0 0 0 rg BT 120.95 419.80 Td (transferability ) Tj ET Q q 0 0 0 rg BT 187.89 419.80 Td (subject ) Tj ET Q q 0 0 0 rg BT 225.67 419.80 Td (to ) Tj ET Q q 0 0 0 rg BT 238.92 419.80 Td (vesting ) Tj ET Q q 0 0 0 rg BT 276.70 419.80 Td (and ) Tj ET Q q 0 0 0 rg BT 298.72 419.80 Td (such ) Tj ET Q q 0 0 0 rg BT 325.40 419.80 Td (other ) Tj ET Q q 0 0 0 rg BT 353.83 419.80 Td (restrictions. ) Tj ET Q q 0 0 0 rg BT 412.02 419.80 Td (Generally) Tj ET Q q 0 0 0 rg BT 456.18 419.80 Td (, ) Tj ET Q q 0 0 0 rg BT 463.60 419.80 Td (a ) Tj ET Q q 0 0 0 rg BT 473.94 419.80 Td (participant ) Tj ET Q q 0 0 0 rg BT 526.89 419.80 Td (granted ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 407.20 Td (restricted ) Tj ET Q q 0 0 0 rg BT 95.24 407.20 Td (common ) Tj ET Q q 0 0 0 rg BT 138.06 407.20 Td (shares ) Tj ET Q q 0 0 0 rg BT 172.14 407.20 Td (has ) Tj ET Q q 0 0 0 rg BT 191.62 407.20 Td (all ) Tj ET Q q 0 0 0 rg BT 204.69 407.20 Td (of ) Tj ET Q q 0 0 0 rg BT 216.00 407.20 Td (the ) Tj ET Q q 0 0 0 rg BT 233.16 407.20 Td (rights ) Tj ET Q q 0 0 0 rg BT 261.40 407.20 Td (of ) Tj ET Q q 0 0 0 rg BT 272.71 407.20 Td (a ) Tj ET Q q 0 0 0 rg BT 281.11 407.20 Td (shareholder) Tj ET Q q 0 0 0 rg BT 335.99 407.20 Td (, ) Tj ET Q q 0 0 0 rg BT 341.46 407.20 Td (including, ) Tj ET Q q 0 0 0 rg BT 388.39 407.20 Td (without ) Tj ET Q q 0 0 0 rg BT 424.21 407.20 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 471.12 407.20 Td (the ) Tj ET Q q 0 0 0 rg BT 488.28 407.20 Td (right ) Tj ET Q q 0 0 0 rg BT 511.27 407.20 Td (to ) Tj ET Q q 0 0 0 rg BT 522.58 407.20 Td (vote ) Tj ET Q q 0 0 0 rg BT 544.99 407.20 Td (and ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 394.60 Td (the ) Tj ET Q q 0 0 0 rg BT 65.70 394.60 Td (right ) Tj ET Q q 0 0 0 rg BT 87.73 394.60 Td (to ) Tj ET Q q 0 0 0 rg BT 98.09 394.60 Td (receive ) Tj ET Q q 0 0 0 rg BT 133.55 394.60 Td (dividends ) Tj ET Q q 0 0 0 rg BT 179.52 394.60 Td (on ) Tj ET Q q 0 0 0 rg BT 192.80 394.60 Td (the ) Tj ET Q q 0 0 0 rg BT 209.00 394.60 Td (restricted ) Tj ET Q q 0 0 0 rg BT 253.79 394.60 Td (common ) Tj ET Q q 0 0 0 rg BT 295.65 394.60 Td (shares. ) Tj ET Q q 0 0 0 rg BT 331.69 394.60 Td (Holders ) Tj ET Q q 0 0 0 rg BT 369.48 394.60 Td (of ) Tj ET Q q 0 0 0 rg BT 379.84 394.60 Td (restricted ) Tj ET Q q 0 0 0 rg BT 424.62 394.60 Td (common ) Tj ET Q q 0 0 0 rg BT 466.49 394.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 499.61 394.60 Td (are ) Tj ET Q q 0 0 0 rg BT 516.39 394.60 Td (prohibited ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 382.00 Td (from ) Tj ET Q q 0 0 0 rg BT 73.42 382.00 Td (selling ) Tj ET Q q 0 0 0 rg BT 106.10 382.00 Td (such ) Tj ET Q q 0 0 0 rg BT 131.20 382.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 165.63 382.00 Td (until ) Tj ET Q q 0 0 0 rg BT 187.82 382.00 Td (they ) Tj ET Q q 0 0 0 rg BT 210.58 382.00 Td (vest.) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 365.40 Td (SAME ) Tj ET Q q 0 0 0 rg BT 83.20 365.40 Td (ST) Tj ET Q q 0 0 0 rg BT 96.42 365.40 Td (ORE ) Tj ET Q q 0 0 0 rg BT 122.54 365.40 Td (PORTFOLIO: ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 190.64 365.40 Td (Our ) Tj ET Q q 0 0 0 rg BT 211.50 365.40 Td (same ) Tj ET Q q 0 0 0 rg BT 240.54 365.40 Td (store ) Tj ET Q q 0 0 0 rg BT 267.24 365.40 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 307.96 365.40 Td (is ) Tj ET Q q 0 0 0 rg BT 318.90 365.40 Td (defined ) Tj ET Q q 0 0 0 rg BT 356.71 365.40 Td (as ) Tj ET Q q 0 0 0 rg BT 371.16 365.40 Td (those ) Tj ET Q q 0 0 0 rg BT 400.20 365.40 Td (properties ) Tj ET Q q 0 0 0 rg BT 450.25 365.40 Td (owned ) Tj ET Q q 0 0 0 rg BT 484.55 365.40 Td (and ) Tj ET Q q 0 0 0 rg BT 505.43 365.40 Td (operated ) Tj ET Q q 0 0 0 rg BT 550.24 365.40 Td (for ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 352.80 Td (the ) Tj ET Q q 0 0 0 rg BT 67.18 352.80 Td (entirety ) Tj ET Q q 0 0 0 rg BT 104.70 352.80 Td (of ) Tj ET Q q 0 0 0 rg BT 116.54 352.80 Td (the ) Tj ET Q q 0 0 0 rg BT 134.22 352.80 Td (applicable ) Tj ET Q q 0 0 0 rg BT 184.59 352.80 Td (periods ) Tj ET Q q 0 0 0 rg BT 222.12 352.80 Td (presented, ) Tj ET Q q 0 0 0 rg BT 274.82 352.80 Td (excluding ) Tj ET Q q 0 0 0 rg BT 322.27 352.80 Td (any ) Tj ET Q q 0 0 0 rg BT 342.28 352.80 Td (properties ) Tj ET Q q 0 0 0 rg BT 392.06 352.80 Td (sold ) Tj ET Q q 0 0 0 rg BT 414.41 352.80 Td (or ) Tj ET Q q 0 0 0 rg BT 426.83 352.80 Td (expected ) Tj ET Q q 0 0 0 rg BT 472.53 352.80 Td (to ) Tj ET Q q 0 0 0 rg BT 484.37 352.80 Td (be ) Tj ET Q q 0 0 0 rg BT 499.13 352.80 Td (sold ) Tj ET Q q 0 0 0 rg BT 521.48 352.80 Td (or ) Tj ET Q q 0 0 0 rg BT 533.90 352.80 Td (where ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 340.20 Td (we ) Tj ET Q q 0 0 0 rg BT 66.49 340.20 Td (completed ) Tj ET Q q 0 0 0 rg BT 118.50 340.20 Td (a ) Tj ET Q q 0 0 0 rg BT 127.90 340.20 Td (storage ) Tj ET Q q 0 0 0 rg BT 166.48 340.20 Td (space ) Tj ET Q q 0 0 0 rg BT 198.07 340.20 Td (expansion ) Tj ET Q q 0 0 0 rg BT 249.50 340.20 Td (which ) Tj ET Q q 0 0 0 rg BT 279.91 340.20 Td (caused ) Tj ET Q q 0 0 0 rg BT 317.33 340.20 Td (the ) Tj ET Q q 0 0 0 rg BT 335.49 340.20 Td (property's ) Tj ET Q q 0 0 0 rg BT 384.83 340.20 Td (year-over-year ) Tj ET Q q 0 0 0 rg BT 456.67 340.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 504.02 340.20 Td (results ) Tj ET Q q 0 0 0 rg BT 538.50 340.20 Td (to ) Tj ET Q q 0 0 0 rg BT 550.83 340.20 Td (no ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 327.60 Td (longer ) Tj ET Q q 0 0 0 rg BT 81.43 327.60 Td (be ) Tj ET Q q 0 0 0 rg BT 95.85 327.60 Td (comparable. ) Tj ET Q q 0 0 0 rg BT 156.38 327.60 Td (Our ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 176.62 327.60 Td (2017) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 199.98 327.60 Td ( ) Tj ET Q q 0 0 0 rg BT 202.73 327.60 Td (same ) Tj ET Q q 0 0 0 rg BT 231.14 327.60 Td (store ) Tj ET Q q 0 0 0 rg BT 257.23 327.60 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 297.33 327.60 Td (consists ) Tj ET Q q 0 0 0 rg BT 338.00 327.60 Td (of ) Tj ET Q q 0 0 0 rg BT 349.50 327.60 Td (only ) Tj ET Q q 0 0 0 rg BT 371.51 327.60 Td (those ) Tj ET Q q 0 0 0 rg BT 399.94 327.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 449.37 327.60 Td (that ) Tj ET Q q 0 0 0 rg BT 469.63 327.60 Td (were ) Tj ET Q q 0 0 0 rg BT 495.13 327.60 Td (included ) Tj ET Q q 0 0 0 rg BT 536.99 327.60 Td (in ) Tj ET Q q 0 0 0 rg BT 547.90 327.60 Td (the ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 315.00 Td (Company's ) Tj ET Q q 0 0 0 rg BT 105.09 315.00 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 167.45 315.00 Td (results ) Tj ET Q q 0 0 0 rg BT 201.77 315.00 Td (since ) Tj ET Q q 0 0 0 rg BT 229.67 315.00 Td (January1, ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 282.10 315.00 Td (2016) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 305.46 315.00 Td (, ) Tj ET Q q 0 0 0 rg BT 311.77 315.00 Td (excluding ) Tj ET Q q 0 0 0 rg BT 359.53 315.00 Td (two ) Tj ET Q q 0 0 0 rg BT 379.27 315.00 Td (properties ) Tj ET Q q 0 0 0 rg BT 429.35 315.00 Td (we ) Tj ET Q q 0 0 0 rg BT 446.17 315.00 Td (plan ) Tj ET Q q 0 0 0 rg BT 469.42 315.00 Td (to ) Tj ET Q q 0 0 0 rg BT 481.57 315.00 Td (dispose ) Tj ET Q q 0 0 0 rg BT 521.16 315.00 Td (of ) Tj ET Q q 0 0 0 rg BT 533.31 315.00 Td (during ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 302.40 Td (2017. ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 285.80 Td (SUBORDINA) Tj ET Q q 0 0 0 rg BT 112.31 285.80 Td (TED ) Tj ET Q q 0 0 0 rg BT 135.32 285.80 Td (PERFORMANCE ) Tj ET Q q 0 0 0 rg BT 219.58 285.80 Td (UNITS: ) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 256.59 285.80 Td () Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 259.21 285.80 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 323.69 285.80 Td (performance ) Tj ET Q q 0 0 0 rg BT 384.65 285.80 Td (units, ) Tj ET Q q 0 0 0 rg BT 411.76 285.80 Td (or ) Tj ET Q q 0 0 0 rg BT 423.10 285.80 Td (SP) Tj ET Q q 0 0 0 rg BT 436.92 285.80 Td ( ) Tj ET Q q 0 0 0 rg BT 438.93 285.80 Td (Units, ) Tj ET Q q 0 0 0 rg BT 467.78 285.80 Td (are ) Tj ET Q q 0 0 0 rg BT 484.97 285.80 Td (Class ) Tj ET Q q 0 0 0 rg BT 513.24 285.80 Td (B ) Tj ET Q q 0 0 0 rg BT 522.25 285.80 Td (common ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 273.20 Td (units ) Tj ET Q q 0 0 0 rg BT 75.33 273.20 Td (of ) Tj ET Q q 0 0 0 rg BT 87.73 273.20 Td (limited ) Tj ET Q q 0 0 0 rg BT 121.72 273.20 Td (partner ) Tj ET Q q 0 0 0 rg BT 158.64 273.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 196.72 273.20 Td (in ) Tj ET Q q 0 0 0 rg BT 208.54 273.20 Td (our ) Tj ET Q q 0 0 0 rg BT 227.36 273.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 274.80 273.20 Td (partnership. ) Tj ET Q q 0 0 0 rg BT 333.89 273.20 Td (SP) Tj ET Q q 0 0 0 rg BT 347.71 273.20 Td ( ) Tj ET Q q 0 0 0 rg BT 351.36 273.20 Td (units, ) Tj ET Q q 0 0 0 rg BT 380.10 273.20 Td (which ) Tj ET Q q 0 0 0 rg BT 410.59 273.20 Td (are ) Tj ET Q q 0 0 0 rg BT 429.42 273.20 Td (linked ) Tj ET Q q 0 0 0 rg BT 460.50 273.20 Td (to ) Tj ET Q q 0 0 0 rg BT 472.90 273.20 Td (the ) Tj ET Q q 0 0 0 rg BT 491.15 273.20 Td (performance ) Tj ET Q q 0 0 0 rg BT 553.74 273.20 Td (of ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 260.60 Td (specific ) Tj ET Q q 0 0 0 rg BT 87.18 260.60 Td (contributed ) Tj ET Q q 0 0 0 rg BT 141.79 260.60 Td (portfolios, ) Tj ET Q q 0 0 0 rg BT 189.98 260.60 Td (are ) Tj ET Q q 0 0 0 rg BT 207.82 260.60 Td (intended ) Tj ET Q q 0 0 0 rg BT 250.78 260.60 Td (to ) Tj ET Q q 0 0 0 rg BT 262.20 260.60 Td (incentivize ) Tj ET Q q 0 0 0 rg BT 313.89 260.60 Td (our ) Tj ET Q q 0 0 0 rg BT 331.73 260.60 Td (PROs ) Tj ET Q q 0 0 0 rg BT 362.40 260.60 Td (to ) Tj ET Q q 0 0 0 rg BT 373.82 260.60 Td (drive ) Tj ET Q q 0 0 0 rg BT 399.24 260.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 445.69 260.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 507.30 260.60 Td (and ) Tj ET Q q 0 0 0 rg BT 527.49 260.60 Td (support ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 248.00 Td (the ) Tj ET Q q 0 0 0 rg BT 65.99 248.00 Td (sustainability ) Tj ET Q q 0 0 0 rg BT 127.99 248.00 Td (of ) Tj ET Q q 0 0 0 rg BT 138.64 248.00 Td (the ) Tj ET Q q 0 0 0 rg BT 155.13 248.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 200.80 248.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 224.87 248.00 Td (flow ) Tj ET Q q 0 0 0 rg BT 245.44 248.00 Td (generated ) Tj ET Q q 0 0 0 rg BT 294.62 248.00 Td (by ) Tj ET Q q 0 0 0 rg BT 307.60 248.00 Td (the ) Tj ET Q q 0 0 0 rg BT 324.09 248.00 Td (contributed ) Tj ET Q q 0 0 0 rg BT 377.93 248.00 Td (self ) Tj ET Q q 0 0 0 rg BT 396.16 248.00 Td (storage ) Tj ET Q q 0 0 0 rg BT 433.08 248.00 Td (properties ) Tj ET Q q 0 0 0 rg BT 481.66 248.00 Td (that ) Tj ET Q q 0 0 0 rg BT 501.06 248.00 Td (they ) Tj ET Q q 0 0 0 rg BT 522.80 248.00 Td (continue ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 235.40 Td (to ) Tj ET Q q 0 0 0 rg BT 60.04 235.40 Td (manage ) Tj ET Q q 0 0 0 rg BT 99.78 235.40 Td (on ) Tj ET Q q 0 0 0 rg BT 113.25 235.40 Td (our ) Tj ET Q q 0 0 0 rg BT 130.21 235.40 Td (behalf. ) Tj ET Q q 0 0 0 rg BT 163.52 235.40 Td (Because ) Tj ET Q q 0 0 0 rg BT 206.17 235.40 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 268.68 235.40 Td (performance ) Tj ET Q q 0 0 0 rg BT 329.41 235.40 Td (unit ) Tj ET Q q 0 0 0 rg BT 348.13 235.40 Td (holders ) Tj ET Q q 0 0 0 rg BT 384.36 235.40 Td (receive ) Tj ET Q q 0 0 0 rg BT 419.99 235.40 Td (distributions ) Tj ET Q q 0 0 0 rg BT 477.81 235.40 Td (only ) Tj ET Q q 0 0 0 rg BT 498.86 235.40 Td (after ) Tj ET Q q 0 0 0 rg BT 521.66 235.40 Td (portfolio-) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 222.80 Td (specific ) Tj ET Q q 0 0 0 rg BT 86.34 222.80 Td (minimum ) Tj ET Q q 0 0 0 rg BT 130.76 222.80 Td (performance ) Tj ET Q q 0 0 0 rg BT 191.53 222.80 Td (thresholds ) Tj ET Q q 0 0 0 rg BT 241.81 222.80 Td (are ) Tj ET Q q 0 0 0 rg BT 258.81 222.80 Td (satisfied, ) Tj ET Q q 0 0 0 rg BT 302.08 222.80 Td (we ) Tj ET Q q 0 0 0 rg BT 317.33 222.80 Td (believe ) Tj ET Q q 0 0 0 rg BT 352.44 222.80 Td (SP) Tj ET Q q 0 0 0 rg BT 366.25 222.80 Td ( ) Tj ET Q q 0 0 0 rg BT 368.08 222.80 Td (units ) Tj ET Q q 0 0 0 rg BT 392.09 222.80 Td (play ) Tj ET Q q 0 0 0 rg BT 413.18 222.80 Td (a ) Tj ET Q q 0 0 0 rg BT 420.85 222.80 Td (key ) Tj ET Q q 0 0 0 rg BT 439.02 222.80 Td (role ) Tj ET Q q 0 0 0 rg BT 458.36 222.80 Td (in ) Tj ET Q q 0 0 0 rg BT 468.36 222.80 Td (aligning ) Tj ET Q q 0 0 0 rg BT 506.39 222.80 Td (the ) Tj ET Q q 0 0 0 rg BT 522.82 222.80 Td (interests ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 210.20 Td (of ) Tj ET Q q 0 0 0 rg BT 60.37 210.20 Td (our ) Tj ET Q q 0 0 0 rg BT 77.66 210.20 Td (PROs ) Tj ET Q q 0 0 0 rg BT 107.78 210.20 Td (with ) Tj ET Q q 0 0 0 rg BT 128.56 210.20 Td (us ) Tj ET Q q 0 0 0 rg BT 141.76 210.20 Td (and ) Tj ET Q q 0 0 0 rg BT 161.40 210.20 Td (our ) Tj ET Q q 0 0 0 rg BT 178.69 210.20 Td (shareholders. ) Tj ET Q q 0 0 0 rg BT 244.28 210.20 Td (The ) Tj ET Q q 0 0 0 rg BT 264.49 210.20 Td (DownREIT) Tj ET Q q 0 0 0 rg BT 315.06 210.20 Td ( ) Tj ET Q q 0 0 0 rg BT 317.18 210.20 Td (partnerships ) Tj ET Q q 0 0 0 rg BT 377.07 210.20 Td (also ) Tj ET Q q 0 0 0 rg BT 398.45 210.20 Td (issue ) Tj ET Q q 0 0 0 rg BT 425.07 210.20 Td (units ) Tj ET Q q 0 0 0 rg BT 449.37 210.20 Td (of ) Tj ET Q q 0 0 0 rg BT 460.24 210.20 Td (limited ) Tj ET Q q 0 0 0 rg BT 492.69 210.20 Td (partner ) Tj ET Q q 0 0 0 rg BT 528.07 210.20 Td (interest ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 197.60 Td (that ) Tj ET Q q 0 0 0 rg BT 68.72 197.60 Td (are ) Tj ET Q q 0 0 0 rg BT 85.60 197.60 Td (intended ) Tj ET Q q 0 0 0 rg BT 127.59 197.60 Td (to ) Tj ET Q q 0 0 0 rg BT 138.05 197.60 Td (be ) Tj ET Q q 0 0 0 rg BT 151.43 197.60 Td (economically ) Tj ET Q q 0 0 0 rg BT 213.83 197.60 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 263.40 197.60 Td (to ) Tj ET Q q 0 0 0 rg BT 273.86 197.60 Td (our ) Tj ET Q q 0 0 0 rg BT 290.74 197.60 Td (SP) Tj ET Q q 0 0 0 rg BT 304.56 197.60 Td ( ) Tj ET Q q 0 0 0 rg BT 306.26 197.60 Td (units, ) Tj ET Q q 0 0 0 rg BT 333.06 197.60 Td (which ) Tj ET Q q 0 0 0 rg BT 361.60 197.60 Td (we ) Tj ET Q q 0 0 0 rg BT 376.73 197.60 Td (define ) Tj ET Q q 0 0 0 rg BT 407.04 197.60 Td (as ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 419.83 197.60 Td (DOWNREIT ) Tj ET Q q 0 0 0 rg BT 478.70 197.60 Td (SUBORDINA) Tj ET Q q 0 0 0 rg BT 541.51 197.60 Td (TED ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 185.00 Td (PERFORMANCE ) Tj ET Q q 0 0 0 rg BT 134.67 185.00 Td (UNIT ) Tj ET Q q 0 0 0 rg BT 162.09 185.00 Td (EQUIV) Tj ET Q q 0 0 0 rg BT 193.98 185.00 Td (ALENTS) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 235.98 185.00 Td (, ) Tj ET Q q 0 0 0 rg BT 241.82 185.00 Td (or ) Tj ET Q q 0 0 0 rg BT 254.07 185.00 Td (DownREIT) Tj ET Q q 0 0 0 rg BT 304.65 185.00 Td ( ) Tj ET Q q 0 0 0 rg BT 307.56 185.00 Td (SP) Tj ET Q q 0 0 0 rg BT 321.38 185.00 Td ( ) Tj ET Q q 0 0 0 rg BT 324.30 185.00 Td (units.) 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