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Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 350.10 Td (Arlen ) Tj ET Q q 0 0 0 rg BT 77.29 350.10 Td (Nordhagen, ) Tj ET Q q 0 0 0 rg BT 136.89 350.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 164.67 350.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 214.47 350.10 Td (Of) Tj ET Q q 0 0 0 rg BT 225.89 350.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 246.06 350.10 Td (, ) Tj ET Q q 0 0 0 rg BT 251.23 350.10 Td (commented, ) Tj ET Q q 0 0 0 rg BT 313.86 350.10 Td ("NSA) Tj ET Q q 0 0 0 rg BT 339.78 350.10 Td ( ) Tj ET Q q 0 0 0 rg BT 341.89 350.10 Td (kicked ) Tj ET Q q 0 0 0 rg BT 375.18 350.10 Td (of) Tj ET Q q 0 0 0 rg BT 384.15 350.10 Td (f ) Tj ET Q q 0 0 0 rg BT 389.32 350.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 415.90 350.10 Td (with ) Tj ET Q q 0 0 0 rg BT 437.57 350.10 Td (robust ) Tj ET Q q 0 0 0 rg BT 470.25 350.10 Td (first ) Tj ET Q q 0 0 0 rg BT 490.08 350.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 527.05 350.10 Td (results. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 336.90 Td (Same ) Tj ET Q q 0 0 0 rg BT 81.21 336.90 Td (store ) Tj ET Q q 0 0 0 rg BT 108.63 336.90 Td (average ) Tj ET Q q 0 0 0 rg BT 151.35 336.90 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 206.91 336.90 Td (was ) Tj ET Q q 0 0 0 rg BT 229.44 336.90 Td (up ) Tj ET Q q 0 0 0 rg BT 244.65 336.90 Td (440 ) Tj ET Q q 0 0 0 rg BT 265.97 336.90 Td (basis ) Tj ET Q q 0 0 0 rg BT 294.62 336.90 Td (points ) Tj ET Q q 0 0 0 rg BT 326.94 336.90 Td (year-over-year) Tj ET Q q 0 0 0 rg BT 397.85 336.90 Td (, ) Tj ET Q q 0 0 0 rg BT 403.88 336.90 Td (which ) Tj ET Q q 0 0 0 rg BT 434.97 336.90 Td (drove ) Tj ET Q q 0 0 0 rg BT 465.46 336.90 Td (same ) Tj ET Q q 0 0 0 rg BT 495.33 336.90 Td (store ) Tj ET Q q 0 0 0 rg BT 522.75 336.90 Td (revenue ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 323.70 Td (growth ) Tj ET Q q 0 0 0 rg BT 86.48 323.70 Td (of ) Tj ET Q q 0 0 0 rg BT 99.61 323.70 Td (9.1% ) Tj ET Q q 0 0 0 rg BT 128.65 323.70 Td (and ) Tj ET Q q 0 0 0 rg BT 150.96 323.70 Td (same ) Tj ET Q q 0 0 0 rg BT 181.82 323.70 Td (store ) Tj ET Q q 0 0 0 rg BT 210.24 323.70 Td (NOI ) Tj ET Q q 0 0 0 rg BT 233.76 323.70 Td (growth ) Tj ET Q q 0 0 0 rg BT 270.74 323.70 Td (of ) Tj ET Q q 0 0 0 rg BT 283.87 323.70 Td (1) Tj ET Q q 0 0 0 rg BT 289.17 323.70 Td (1.3%. ) Tj ET Q q 0 0 0 rg BT 321.26 323.70 Td (W) Tj ET Q q 0 0 0 rg BT 331.45 323.70 Td (e ) Tj ET Q q 0 0 0 rg BT 341.53 323.70 Td (are ) Tj ET Q q 0 0 0 rg BT 361.39 323.70 Td (very ) Tj ET Q q 0 0 0 rg BT 386.13 323.70 Td (pleased ) Tj ET Q q 0 0 0 rg BT 428.62 323.70 Td (that ) Tj ET Q q 0 0 0 rg BT 450.93 323.70 Td (the ) Tj ET Q q 0 0 0 rg BT 470.19 323.70 Td (combination ) Tj ET Q q 0 0 0 rg BT 533.46 323.70 Td (of ) Tj ET Q q 0 0 0 rg BT 546.60 323.70 Td (our ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 310.50 Td (expanded ) Tj ET Q q 0 0 0 rg BT 100.39 310.50 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 142.09 310.50 Td (and ) Tj ET Q q 0 0 0 rg BT 163.01 310.50 Td (solid ) Tj ET Q q 0 0 0 rg BT 188.20 310.50 Td (property ) Tj ET Q q 0 0 0 rg BT 231.12 310.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 279.56 310.50 Td (results ) Tj ET Q q 0 0 0 rg BT 314.52 310.50 Td (produced ) Tj ET Q q 0 0 0 rg BT 362.96 310.50 Td (first ) Tj ET Q q 0 0 0 rg BT 383.24 310.50 Td (quarter ) Tj ET Q q 0 0 0 rg BT 420.66 310.50 Td (Core ) Tj ET Q q 0 0 0 rg BT 447.07 310.50 Td (FFO ) Tj ET Q q 0 0 0 rg BT 471.64 310.50 Td (per ) Tj ET Q q 0 0 0 rg BT 490.10 310.50 Td (share ) Tj ET Q q 0 0 0 rg BT 520.18 310.50 Td (of ) Tj ET Q q 0 0 0 rg BT 531.92 310.50 Td ($0.25, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 297.30 Td (an ) Tj ET Q q 0 0 0 rg BT 64.60 297.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 109.04 297.30 Td (of ) Tj ET Q q 0 0 0 rg BT 121.08 297.30 Td (19% ) Tj ET Q q 0 0 0 rg BT 145.96 297.30 Td (over ) Tj ET Q q 0 0 0 rg BT 170.23 297.30 Td (the ) Tj ET Q q 0 0 0 rg BT 188.38 297.30 Td (same ) Tj ET Q q 0 0 0 rg BT 218.15 297.30 Td (period ) Tj ET Q q 0 0 0 rg BT 251.59 297.30 Td (last ) Tj ET Q q 0 0 0 rg BT 271.57 297.30 Td (year) Tj ET Q q 0 0 0 rg BT 292.37 297.30 Td (. ) Tj ET Q q 0 0 0 rg BT 298.29 297.30 Td (Our ) Tj ET Q q 0 0 0 rg BT 319.49 297.30 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 374.33 297.30 Td (activity ) Tj ET Q q 0 0 0 rg BT 410.81 297.30 Td (has ) Tj ET Q q 0 0 0 rg BT 431.41 297.30 Td (exceeded ) Tj ET Q q 0 0 0 rg BT 481.98 297.30 Td (our ) Tj ET Q q 0 0 0 rg BT 500.75 297.30 Td (expectations ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 284.10 Td (as ) Tj ET Q q 0 0 0 rg BT 64.17 284.10 Td (we ) Tj ET Q q 0 0 0 rg BT 81.29 284.10 Td (closed ) Tj ET Q q 0 0 0 rg BT 116.14 284.10 Td (on ) Tj ET Q q 0 0 0 rg BT 131.44 284.10 Td (17 ) Tj ET Q q 0 0 0 rg BT 146.73 284.10 Td (self ) Tj ET Q q 0 0 0 rg BT 166.90 284.10 Td (storage ) Tj ET Q q 0 0 0 rg BT 206.65 284.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 258.62 284.10 Td (during ) Tj ET Q q 0 0 0 rg BT 292.25 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.60 284.10 Td (first ) Tj ET Q q 0 0 0 rg BT 331.38 284.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 369.28 284.10 Td (of ) Tj ET Q q 0 0 0 rg BT 381.51 284.10 Td (2016.") Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 258.90 Td (Mr) Tj ET Q q 0 0 0 rg BT 61.72 258.90 Td (. ) Tj ET Q q 0 0 0 rg BT 66.68 258.90 Td (Nordhagen ) Tj ET Q q 0 0 0 rg BT 123.02 258.90 Td (continued, ) Tj ET Q q 0 0 0 rg BT 175.69 258.90 Td ("Second ) Tj ET Q q 0 0 0 rg BT 218.80 258.90 Td (quarter ) Tj ET Q q 0 0 0 rg BT 255.56 258.90 Td (2016 ) Tj ET Q q 0 0 0 rg BT 281.94 258.90 Td (is ) Tj ET Q q 0 0 0 rg BT 291.79 258.90 Td (also ) Tj ET Q q 0 0 0 rg BT 313.87 258.90 Td (producing ) Tj ET Q q 0 0 0 rg BT 364.09 258.90 Td (strong ) Tj ET Q q 0 0 0 rg BT 396.57 258.90 Td (results. ) Tj ET Q q 0 0 0 rg BT 433.81 258.90 Td (The ) Tj ET Q q 0 0 0 rg BT 454.67 258.90 Td (addition ) Tj ET Q q 0 0 0 rg BT 495.10 258.90 Td (of ) Tj ET Q q 0 0 0 rg BT 506.18 258.90 Td (our ) Tj ET Q q 0 0 0 rg BT 523.99 258.90 Td (seventh ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 245.70 Td (Participating ) Tj ET Q q 0 0 0 rg BT 115.08 245.70 Td (Regional ) Tj ET Q q 0 0 0 rg BT 163.55 245.70 Td (Operator ) Tj ET Q q 0 0 0 rg BT 212.01 245.70 Td (\("PRO"\), ) Tj ET Q q 0 0 0 rg BT 259.09 245.70 Td (Hide-A) Tj ET Q q 0 0 0 rg BT 292.51 245.70 Td (way ) Tj ET Q q 0 0 0 rg BT 317.12 245.70 Td (Storage ) Tj ET Q q 0 0 0 rg BT 360.70 245.70 Td (Services, ) Tj ET Q q 0 0 0 rg BT 410.98 245.70 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 433.76 245.70 Td (\("Hide-A) Tj ET Q q 0 0 0 rg BT 474.75 245.70 Td (way"\), ) Tj ET Q q 0 0 0 rg BT 509.99 245.70 Td (on ) Tj ET Q q 0 0 0 rg BT 526.27 245.70 Td (April ) Tj ET Q q 0 0 0 rg BT 553.33 245.70 Td (1, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 232.50 Td (demonstrates ) Tj ET Q q 0 0 0 rg BT 120.71 232.50 Td (our ) Tj ET Q q 0 0 0 rg BT 141.17 232.50 Td (ability ) Tj ET Q q 0 0 0 rg BT 173.86 232.50 Td (to ) Tj ET Q q 0 0 0 rg BT 187.60 232.50 Td (continue ) Tj ET Q q 0 0 0 rg BT 233.75 232.50 Td (to ) Tj ET Q q 0 0 0 rg BT 247.49 232.50 Td (grow ) Tj ET Q q 0 0 0 rg BT 275.90 232.50 Td (our ) Tj ET Q q 0 0 0 rg BT 296.36 232.50 Td (PRO ) Tj ET Q q 0 0 0 rg BT 324.76 232.50 Td (network, ) Tj ET Q q 0 0 0 rg BT 370.90 232.50 Td (expanding ) Tj ET Q q 0 0 0 rg BT 426.23 232.50 Td (our ) Tj ET Q q 0 0 0 rg BT 446.70 232.50 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 490.40 232.50 Td (of ) Tj ET Q q 0 0 0 rg BT 504.13 232.50 Td (self ) Tj ET Q q 0 0 0 rg BT 525.82 232.50 Td (storage ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 219.30 Td (properties. ) Tj ET Q q 0 0 0 rg BT 103.96 219.30 Td (Since ) Tj ET Q q 0 0 0 rg BT 133.96 219.30 Td (March ) Tj ET Q q 0 0 0 rg BT 167.01 219.30 Td (31st, ) Tj ET Q q 0 0 0 rg BT 193.35 219.30 Td (we ) Tj ET Q q 0 0 0 rg BT 209.90 219.30 Td (have ) Tj ET Q q 0 0 0 rg BT 236.24 219.30 Td (already ) Tj ET Q q 0 0 0 rg BT 274.80 219.30 Td (acquired ) Tj ET Q q 0 0 0 rg BT 319.49 219.30 Td (an ) Tj ET Q q 0 0 0 rg BT 334.21 219.30 Td (additional ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 383.79 219.30 Td (22) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 396.03 219.30 Td ( ) Tj ET Q q 0 0 0 rg BT 398.51 219.30 Td (properties, ) Tj ET Q q 0 0 0 rg BT 452.97 219.30 Td (including ) Tj ET Q q 0 0 0 rg BT 498.88 219.30 Td (14 ) Tj ET Q q 0 0 0 rg BT 513.60 219.30 Td (properties ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 206.10 Td (from ) Tj ET Q q 0 0 0 rg BT 75.57 206.10 Td (Hide-A) Tj ET Q q 0 0 0 rg BT 108.99 206.10 Td (way) Tj ET Q q 0 0 0 rg BT 127.74 206.10 Td (. ) Tj ET Q q 0 0 0 rg BT 134.59 206.10 Td (Y) Tj ET Q q 0 0 0 rg BT 140.92 206.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 160.89 206.10 Td (to ) Tj ET Q q 0 0 0 rg BT 174.13 206.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 202.66 206.10 Td (we ) Tj ET Q q 0 0 0 rg BT 220.79 206.10 Td (have ) Tj ET Q q 0 0 0 rg BT 248.71 206.10 Td (invested ) Tj ET Q q 0 0 0 rg BT 293.74 206.10 Td (over ) Tj ET Q q 0 0 0 rg BT 319.21 206.10 Td ($260 ) Tj ET Q q 0 0 0 rg BT 347.74 206.10 Td (million ) Tj ET Q q 0 0 0 rg BT 382.98 206.10 Td (in ) Tj ET Q q 0 0 0 rg BT 395.61 206.10 Td (self ) Tj ET Q q 0 0 0 rg BT 416.80 206.10 Td (storage ) Tj ET Q q 0 0 0 rg BT 457.55 206.10 Td (property ) Tj ET Q q 0 0 0 rg BT 501.97 206.10 Td (acquisitions, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 192.90 Td (adding ) Tj ET Q q 0 0 0 rg BT 85.25 192.90 Td (over ) Tj ET Q q 0 0 0 rg BT 109.36 192.90 Td (2.7 ) Tj ET Q q 0 0 0 rg BT 127.37 192.90 Td (million ) Tj ET Q q 0 0 0 rg BT 161.26 192.90 Td (rentable ) Tj ET Q q 0 0 0 rg BT 203.73 192.90 Td (square ) Tj ET Q q 0 0 0 rg BT 240.08 192.90 Td (feet, ) Tj ET Q q 0 0 0 rg BT 264.20 192.90 Td (which ) Tj ET Q q 0 0 0 rg BT 295.03 192.90 Td (equates ) Tj ET Q q 0 0 0 rg BT 336.90 192.90 Td (to ) Tj ET Q q 0 0 0 rg BT 348.78 192.90 Td (more ) Tj ET Q q 0 0 0 rg BT 376.56 192.90 Td (than ) Tj ET Q q 0 0 0 rg BT 400.69 192.90 Td (a ) Tj ET Q q 0 0 0 rg BT 409.52 192.90 Td (17% ) Tj ET Q q 0 0 0 rg BT 434.25 192.90 Td (increase ) Tj ET Q q 0 0 0 rg BT 478.55 192.90 Td (in ) Tj ET Q q 0 0 0 rg BT 489.82 192.90 Td (the ) Tj ET Q q 0 0 0 rg BT 507.83 192.90 Td (Company's ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 179.70 Td (geographic ) Tj ET Q q 0 0 0 rg BT 107.19 179.70 Td (footprint ) Tj ET Q q 0 0 0 rg BT 150.20 179.70 Td (since ) Tj ET Q q 0 0 0 rg BT 179.14 179.70 Td (December ) Tj ET Q q 0 0 0 rg BT 233.14 179.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 251.69 179.70 Td (2015. ) Tj ET Q q 0 0 0 rg BT 282.48 179.70 Td (Finally) Tj ET Q q 0 0 0 rg BT 313.45 179.70 Td (, ) Tj ET Q q 0 0 0 rg BT 319.77 179.70 Td (we ) Tj ET Q q 0 0 0 rg BT 337.09 179.70 Td (recently ) Tj ET Q q 0 0 0 rg BT 378.87 179.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 429.82 179.70 Td (our ) Tj ET Q q 0 0 0 rg BT 448.98 179.70 Td (balance ) Tj ET Q q 0 0 0 rg BT 490.77 179.70 Td (sheet ) Tj ET Q q 0 0 0 rg BT 520.94 179.70 Td (flexibility ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 166.50 Td (by ) Tj ET Q q 0 0 0 rg BT 64.06 166.50 Td (expanding ) Tj ET Q q 0 0 0 rg BT 117.78 166.50 Td (and ) Tj ET Q q 0 0 0 rg BT 139.08 166.50 Td (extending ) Tj ET Q q 0 0 0 rg BT 189.73 166.50 Td (our ) Tj ET Q 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($5.1 ) Tj ET Q q 0 0 0 rg BT 176.22 396.00 Td (million ) Tj ET Q q 0 0 0 rg BT 209.87 396.00 Td (of ) Tj ET Q q 0 0 0 rg BT 221.53 396.00 Td (incremental ) Tj ET Q q 0 0 0 rg BT 280.86 396.00 Td (NOI ) Tj ET Q q 0 0 0 rg BT 302.90 396.00 Td (from ) Tj ET Q q 0 0 0 rg BT 327.38 396.00 Td (52 ) Tj ET Q q 0 0 0 rg BT 342.09 396.00 Td (self ) Tj ET Q q 0 0 0 rg BT 361.69 396.00 Td (storage ) Tj ET Q q 0 0 0 rg BT 400.85 396.00 Td (properties ) Tj ET Q q 0 0 0 rg BT 452.25 396.00 Td (acquired ) Tj ET Q q 0 0 0 rg BT 496.92 396.00 Td (between ) Tj ET Q q 0 0 0 rg BT 540.50 396.00 Td (April ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 382.80 Td (1, ) Tj ET Q q 0 0 0 rg BT 61.05 382.80 Td (2015 ) Tj ET Q q 0 0 0 rg BT 87.89 382.80 Td (and ) Tj ET Q q 0 0 0 rg BT 108.62 382.80 Td (December ) Tj ET Q q 0 0 0 rg BT 161.73 382.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 179.39 382.80 Td (2015, ) Tj ET Q q 0 0 0 rg BT 209.29 382.80 Td (same ) Tj ET Q q 0 0 0 rg BT 238.56 382.80 Td (store ) Tj ET Q q 0 0 0 rg BT 265.39 382.80 Td (NOI ) Tj ET Q q 0 0 0 rg BT 287.32 382.80 Td (growth ) Tj ET Q q 0 0 0 rg BT 322.71 382.80 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 334.25 382.80 Td ($2.1 ) Tj ET Q q 0 0 0 rg BT 358.04 382.80 Td (million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 389.21 382.80 Td (, ) Tj ET Q q 0 0 0 rg BT 394.64 382.80 Td (and ) Tj ET Q q 0 0 0 rg BT 415.36 382.80 Td (reductions ) Tj ET Q q 0 0 0 rg BT 468.49 382.80 Td (in ) Tj ET Q q 0 0 0 rg BT 479.42 382.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 517.87 382.80 Td (expense.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 357.60 Td (Net ) Tj ET Q q 0 0 0 rg BT 69.68 357.60 Td (income ) Tj ET Q q 0 0 0 rg BT 108.19 357.60 Td (was ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 130.81 357.60 Td ($4.8 ) Tj ET Q q 0 0 0 rg BT 155.28 357.60 Td (million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 186.45 357.60 Td ( ) Tj ET Q q 0 0 0 rg BT 189.51 357.60 Td (for ) Tj ET Q q 0 0 0 rg BT 205.40 357.60 Td (the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 223.75 357.60 Td (first) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 241.47 357.60 Td ( ) Tj ET Q q 0 0 0 rg BT 244.53 357.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 282.44 357.60 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 294.67 357.60 Td (2016) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 319.14 357.60 Td (, ) Tj ET Q q 0 0 0 rg BT 325.26 357.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 377.23 357.60 Td (to ) Tj ET Q q 0 0 0 rg BT 389.46 357.60 Td (a ) Tj ET Q q 0 0 0 rg BT 398.64 357.60 Td (net ) Tj ET Q q 0 0 0 rg BT 416.99 357.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 439.60 357.60 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 451.84 357.60 Td ($2.8 ) Tj ET Q q 0 0 0 rg BT 476.30 357.60 Td (million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 507.48 357.60 Td ( ) Tj ET Q q 0 0 0 rg BT 510.53 357.60 Td (for ) Tj ET Q q 0 0 0 rg BT 526.43 357.60 Td (the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 544.78 357.60 Td (first) Tj ET Q BT /F2 11.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 344.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 86.47 344.40 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 97.76 344.40 Td (2015) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 122.23 344.40 Td (, ) Tj ET Q q 0 0 0 rg BT 127.40 344.40 Td (an ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 141.75 344.40 Td (increase) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 183.33 344.40 Td ( ) Tj ET Q q 0 0 0 rg BT 185.44 344.40 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 196.73 344.40 Td ($7.6 ) Tj ET Q q 0 0 0 rg BT 220.25 344.40 Td (million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 251.43 344.40 Td (. ) Tj ET Q q 0 0 0 rg BT 256.46 344.40 Td (The ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 277.53 344.40 Td (increase) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 319.11 344.40 Td ( ) Tj ET Q q 0 0 0 rg BT 321.22 344.40 Td (was ) Tj ET Q q 0 0 0 rg BT 342.90 344.40 Td (primarily ) Tj ET Q q 0 0 0 rg BT 386.57 344.40 Td (due ) Tj ET Q q 0 0 0 rg BT 407.04 344.40 Td (to ) Tj ET Q q 0 0 0 rg BT 418.33 344.40 Td (NOI ) Tj ET Q q 0 0 0 rg BT 440.00 344.40 Td (from ) Tj ET Q q 0 0 0 rg BT 464.11 344.40 Td (self ) Tj ET Q q 0 0 0 rg BT 483.34 344.40 Td (storage ) Tj ET Q q 0 0 0 rg BT 522.15 344.40 Td (property ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 331.20 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 108.83 331.20 Td (and ) Tj ET Q q 0 0 0 rg BT 129.03 331.20 Td (reductions ) Tj ET Q q 0 0 0 rg BT 181.63 331.20 Td (in ) Tj ET Q q 0 0 0 rg BT 192.04 331.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 229.96 331.20 Td (expense, ) Tj ET Q q 0 0 0 rg BT 276.45 331.20 Td (partially ) Tj ET Q q 0 0 0 rg BT 316.21 331.20 Td (of) Tj ET Q q 0 0 0 rg BT 325.18 331.20 Td (fset ) Tj ET Q q 0 0 0 rg BT 344.76 331.20 Td (by ) Tj ET Q q 0 0 0 rg BT 358.23 331.20 Td (increases ) Tj ET Q q 0 0 0 rg BT 407.15 331.20 Td (in ) Tj ET Q q 0 0 0 rg BT 417.56 331.20 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 479.34 331.20 Td (and ) Tj ET Q q 0 0 0 rg BT 499.55 331.20 Td (amortization.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 306.00 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 103.71 306.00 Td ( ) Tj ET Q q 0 0 0 rg BT 106.17 306.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 148.99 306.00 Td (measures, ) Tj ET Q q 0 0 0 rg BT 202.81 306.00 Td (including ) Tj ET Q q 0 0 0 rg BT 248.69 306.00 Td (FFO, ) Tj ET Q q 0 0 0 rg BT 276.20 306.00 Td (Core ) Tj ET Q q 0 0 0 rg BT 302.51 306.00 Td (FFO ) Tj ET Q q 0 0 0 rg BT 326.97 306.00 Td (and ) Tj ET Q q 0 0 0 rg BT 347.78 306.00 Td (NOI, ) Tj ET Q q 0 0 0 rg BT 372.86 306.00 Td (are ) Tj ET Q q 0 0 0 rg BT 391.22 306.00 Td (defined ) Tj ET Q q 0 0 0 rg BT 429.77 306.00 Td (and ) Tj ET Q q 0 0 0 rg BT 450.58 306.00 Td (reconciled ) Tj ET Q q 0 0 0 rg BT 503.19 306.00 Td (to ) Tj ET Q q 0 0 0 rg BT 514.82 306.00 Td (their ) Tj ET Q q 0 0 0 rg BT 538.68 306.00 Td (most ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 292.80 Td (directly ) Tj ET Q q 0 0 0 rg BT 86.68 292.80 Td (comparable ) Tj ET Q q 0 0 0 rg BT 146.49 292.80 Td (GAAP) Tj ET Q q 0 0 0 rg BT 176.86 292.80 Td ( ) Tj ET Q q 0 0 0 rg BT 179.19 292.80 Td (measure ) Tj ET Q q 0 0 0 rg BT 224.33 292.80 Td (in ) Tj ET Q q 0 0 0 rg BT 235.22 292.80 Td (the ) Tj ET Q q 0 0 0 rg BT 252.85 292.80 Td (Schedules ) Tj ET Q q 0 0 0 rg BT 306.55 292.80 Td (to ) Tj ET Q q 0 0 0 rg BT 318.06 292.80 Td (this ) Tj ET Q q 0 0 0 rg BT 337.52 292.80 Td (press ) Tj ET Q q 0 0 0 rg BT 366.75 292.80 Td (release ) Tj ET Q q 0 0 0 rg BT 405.16 292.80 Td (and ) Tj ET Q q 0 0 0 rg BT 425.85 292.80 Td (in ) Tj ET Q q 0 0 0 rg BT 436.75 292.80 Td (the ) Tj ET Q q 0 0 0 rg BT 454.38 292.80 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 522.14 292.80 Td (financial ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 279.60 Td (information.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 49.50 254.40 Td (T) Tj ET Q q 0 0 0 rg BT 55.40 254.40 Td (otal ) Tj ET Q q 0 0 0 rg BT 78.02 254.40 Td (Portfolio ) Tj ET Q q 0 0 0 rg BT 126.29 254.40 Td (Operating ) Tj ET Q q 0 0 0 rg BT 181.29 254.40 Td (Results) Tj ET Q 0.6745098039215687 0.6745098039215687 0.6745098039215687 rg /GS0 gs 49.00 231.90 265.00 -27.00 re f /GS0 gs 0.6745098039215687 0.6745098039215687 0.6745098039215687 rg /GS0 gs 314.00 231.90 248.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 188.90 265.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.00 188.90 80.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 188.90 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 188.90 80.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 188.90 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 188.90 80.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 156.90 265.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.00 156.90 80.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 156.90 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 156.90 80.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 156.90 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 156.90 80.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 125.90 265.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.00 125.90 80.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 125.90 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 125.90 80.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.00 125.90 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.00 125.90 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 314 204.89999999999998 m 394 204.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394 204.89999999999998 m 398 204.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 204.89999999999998 m 478 204.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 204.89999999999998 m 482 204.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 204.89999999999998 m 562 204.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 188.89999999999998 m 394 188.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 188.89999999999998 m 478 188.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 188.89999999999998 m 562 188.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 188.89999999999998 m 394 188.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 188.89999999999998 m 478 188.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 156.89999999999998 m 394 156.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 156.89999999999998 m 478 156.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 156.89999999999998 m 394 156.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 141.89999999999998 m 394 141.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 139.89999999999998 m 394 139.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 156.89999999999998 m 478 156.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 141.89999999999998 m 478 141.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 139.89999999999998 m 478 139.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 156.89999999999998 m 562 156.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 141.89999999999998 m 562 141.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 139.89999999999998 m 562 139.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 110.89999999999998 m 394 110.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 108.89999999999998 m 394 108.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 110.89999999999998 m 478 110.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 108.89999999999998 m 478 108.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 110.89999999999998 m 562 110.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 108.89999999999998 m 562 108.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 83.89999999999998 m 394 83.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 81.89999999999998 m 394 81.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 83.89999999999998 m 478 83.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 81.89999999999998 m 478 81.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 83.89999999999998 m 562 83.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 81.89999999999998 m 562 81.89999999999998 l s BT /F2 11.00 Tf ET q 0 0 0 rg BT 51.50 209.74 Td (\($ in thousands, except per square foot data\)) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 383.10 220.74 Td (Three Months Ended) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 412.10 209.74 Td (March 31,) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 341.25 193.74 Td (2016) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 425.25 193.74 Td (2015) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 502.25 193.74 Td (Growth) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 51.50 177.74 Td (Total revenue) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 316.50 177.74 Td ($) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 350.00 177.74 Td (39,649) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 400.50 177.74 Td ($) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 434.00 177.74 Td (28,291) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 530.25 177.74 Td (40.1) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 551.70 177.74 Td (%) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 51.50 161.74 Td (Property operating expenses) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 350.00 161.74 Td (13,277) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 440.15 161.74 Td (9,842) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 530.25 161.74 Td (34.9) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 551.70 161.74 Td (%) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 51.50 145.74 Td (Net Operating Income \(NOI\)) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 316.50 145.74 Td ($) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 350.00 145.74 Td (26,372) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 400.50 145.74 Td ($) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 434.00 145.74 Td (18,449) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 530.25 145.74 Td (42.9) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 551.70 145.74 Td (%) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 51.50 114.74 Td (Average Occupancy) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 362.25 114.74 Td (88.7) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 383.70 114.74 Td (%) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 446.25 114.74 Td (84.8) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 467.70 114.74 Td (%) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 536.40 114.74 Td (3.9) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 551.70 114.74 Td (%) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 51.50 98.74 Td (Average annualized rental revenue per occupied) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 51.50 87.74 Td (square foot) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 316.50 87.74 Td ($) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 356.15 87.74 Td (10.63) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 400.50 87.74 Td ($) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 440.15 87.74 Td (10.41) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 536.40 87.74 Td (2.1) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 551.70 87.74 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 61.20 Td (NSA's ) Tj ET Q q 0 0 0 rg BT 82.14 61.20 Td (total ) Tj ET Q q 0 0 0 rg BT 105.35 61.20 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 146.91 61.20 Td (included ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 190.31 61.20 Td (293) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 208.66 61.20 Td ( ) Tj ET Q q 0 0 0 rg BT 211.08 61.20 Td (self ) Tj ET Q q 0 0 0 rg BT 230.62 61.20 Td (storage ) Tj ET Q q 0 0 0 rg BT 269.73 61.20 Td (properties ) Tj ET Q q 0 0 0 rg BT 321.07 61.20 Td (encompassing ) Tj ET Q q 0 0 0 rg BT 394.42 61.20 Td (approximately ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 465.32 61.20 Td (16.8 ) Tj ET Q q 0 0 0 rg BT 489.15 61.20 Td (million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 520.32 61.20 Td ( ) Tj ET Q q 0 0 0 rg BT 522.75 61.20 Td (rentable ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 48.00 Td (square ) Tj ET Q q 0 0 0 rg BT 86.19 48.00 Td (feet ) Tj ET Q q 0 0 0 rg BT 107.59 48.00 Td (with ) Tj ET Q q 0 0 0 rg BT 130.21 48.00 Td (period-end ) Tj ET Q q 0 0 0 rg BT 185.86 48.00 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 241.51 48.00 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 253.74 48.00 Td (89.4%) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 284.93 48.00 Td ( ) Tj ET Q q 0 0 0 rg BT 287.98 48.00 Td (as ) Tj ET Q q 0 0 0 rg BT 302.66 48.00 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 314.89 48.00 Td (March31, ) Tj ET Q q 0 0 0 rg BT 366.85 48.00 Td (2016) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 391.32 48.00 Td (.) 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[] 0 d 0 J 0 j 3 M 314 391.9 m 394 391.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 375.9 m 394 375.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 373.9 m 394 373.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 389.9 m 478 389.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 391.9 m 478 391.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 375.9 m 478 375.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 373.9 m 478 373.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 375.9 m 562 375.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 373.9 m 562 373.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 344.9 m 394 344.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 342.9 m 394 342.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 344.9 m 478 344.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 342.9 m 478 342.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 344.9 m 562 344.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 342.9 m 562 342.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 317.9 m 394 317.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 315.9 m 394 315.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 317.9 m 478 317.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 315.9 m 478 315.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 317.9 m 562 317.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 315.9 m 562 315.9 l s BT /F2 11.00 Tf ET q 0 0 0 rg BT 51.50 459.74 Td (\($ in thousands, except per square foot data\)) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 383.10 470.74 Td (Three Months Ended) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 412.10 459.74 Td (March 31,) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 341.25 443.74 Td (2016) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 425.25 443.74 Td (2015) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 502.25 443.74 Td (Growth) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 51.50 427.74 Td (Total revenue) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 316.50 427.74 Td ($) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 350.00 427.74 Td (30,500) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 400.50 427.74 Td ($) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 434.00 427.74 Td (27,966) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 536.40 427.74 Td (9.1) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 551.70 427.74 Td (%) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 51.50 411.74 Td (Property operating expenses) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 350.00 411.74 Td (10,141) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 440.15 411.74 Td (9,676) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 536.40 411.74 Td (4.8) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 551.70 411.74 Td (%) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 51.50 395.74 Td (Net Operating Income \(NOI\)) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 316.50 395.74 Td ($) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 350.00 395.74 Td (20,359) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 400.50 395.74 Td ($) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 434.00 395.74 Td (18,290) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 530.25 395.74 Td (11.3) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 551.70 395.74 Td (%) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 51.50 379.74 Td (NOI Margin) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 362.25 379.74 Td (66.8) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 383.70 379.74 Td (%) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 446.25 379.74 Td (65.4) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 467.70 379.74 Td (%) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 536.40 379.74 Td (1.4) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 551.70 379.74 Td (%) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 51.50 348.74 Td (Average Occupancy) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 362.25 348.74 Td (89.2) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 383.70 348.74 Td (%) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 446.25 348.74 Td (84.8) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 467.70 348.74 Td (%) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 536.40 348.74 Td (4.4) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 551.70 348.74 Td (%) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 51.50 332.74 Td (Average annualized rental revenue per occupied) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 321.74 Td (square foot) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 316.50 321.74 Td ($) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 356.15 321.74 Td (10.80) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 400.50 321.74 Td ($) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 440.15 321.74 Td (10.39) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 536.40 321.74 Td (3.9) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 551.70 321.74 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 295.20 Td (NSA's ) Tj ET Q q 0 0 0 rg BT 82.91 295.20 Td (same ) Tj ET Q q 0 0 0 rg BT 112.99 295.20 Td (store ) Tj ET Q q 0 0 0 rg BT 140.64 295.20 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 182.96 295.20 Td (included ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 227.13 295.20 Td (222) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 245.48 295.20 Td ( ) Tj ET Q q 0 0 0 rg BT 248.67 295.20 Td (self ) Tj ET Q q 0 0 0 rg BT 268.97 295.20 Td (storage ) Tj ET Q q 0 0 0 rg BT 308.85 295.20 Td (properties ) Tj ET Q q 0 0 0 rg BT 360.96 295.20 Td (encompassing ) Tj ET Q q 0 0 0 rg BT 435.08 295.20 Td (approximately ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 506.74 295.20 Td (12.3 ) Tj ET Q q 0 0 0 rg BT 531.34 295.20 Td (million) Tj ET Q BT /F2 11.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 282.00 Td (rentable ) Tj ET Q q 0 0 0 rg BT 92.31 282.00 Td (square ) Tj ET Q q 0 0 0 rg BT 129.00 282.00 Td (feet ) Tj ET Q q 0 0 0 rg BT 150.40 282.00 Td (with ) Tj ET Q q 0 0 0 rg BT 173.02 282.00 Td (period-end ) Tj ET Q q 0 0 0 rg BT 228.67 282.00 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 284.31 282.00 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 296.54 282.00 Td (89.8%) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 327.73 282.00 Td ( ) Tj ET Q q 0 0 0 rg BT 330.79 282.00 Td (as ) Tj ET Q q 0 0 0 rg BT 345.46 282.00 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 357.69 282.00 Td (March31, ) Tj ET Q q 0 0 0 rg BT 409.66 282.00 Td (2016) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 434.13 282.00 Td (. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 256.80 Td (Same ) Tj ET Q q 0 0 0 rg BT 81.58 256.80 Td (store ) Tj ET Q q 0 0 0 rg BT 109.38 256.80 Td (total ) Tj ET Q q 0 0 0 rg BT 133.51 256.80 Td (revenues ) Tj ET Q q 0 0 0 rg BT 182.11 256.80 Td (were ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 209.30 256.80 Td ($30.5 ) Tj ET Q q 0 0 0 rg BT 240.17 256.80 Td (million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 271.34 256.80 Td ( ) Tj ET Q q 0 0 0 rg BT 274.69 256.80 Td (for ) Tj ET Q q 0 0 0 rg BT 290.87 256.80 Td (the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 309.50 256.80 Td (first) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 327.22 256.80 Td ( ) Tj ET Q q 0 0 0 rg BT 330.57 256.80 Td (quarter ) Tj ET Q q 0 0 0 rg BT 368.76 256.80 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 381.28 256.80 Td (2016) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 405.75 256.80 Td (, ) Tj ET Q q 0 0 0 rg BT 412.15 256.80 Td (an ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 427.73 256.80 Td (increase) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 469.31 256.80 Td ( ) Tj ET Q q 0 0 0 rg BT 472.65 256.80 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 485.17 256.80 Td (9.1%) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 510.24 256.80 Td ( ) Tj ET Q q 0 0 0 rg BT 513.59 256.80 Td (compared ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 243.60 Td (to ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 61.76 243.60 Td ($28.0 ) Tj ET Q q 0 0 0 rg BT 92.38 243.60 Td (million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 123.56 243.60 Td ( ) Tj ET Q q 0 0 0 rg BT 126.65 243.60 Td (for ) Tj ET Q q 0 0 0 rg BT 142.57 243.60 Td (the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 160.95 243.60 Td (first) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 178.67 243.60 Td ( ) Tj ET Q q 0 0 0 rg BT 181.76 243.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 219.71 243.60 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 231.97 243.60 Td (2015) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 256.44 243.60 Td (. ) Tj ET Q q 0 0 0 rg BT 262.59 243.60 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 309.71 243.60 Td (increases ) Tj ET Q q 0 0 0 rg BT 359.88 243.60 Td (were ) Tj ET Q q 0 0 0 rg BT 386.81 243.60 Td (driven ) Tj ET Q q 0 0 0 rg BT 419.86 243.60 Td (by ) Tj ET Q q 0 0 0 rg BT 434.57 243.60 Td (a ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 443.78 243.60 Td (440) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 462.13 243.60 Td ( ) Tj ET Q q 0 0 0 rg BT 465.22 243.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 493.99 243.60 Td (point ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 520.93 243.60 Td (increase) Tj ET Q BT /F2 11.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 230.40 Td (in ) Tj ET Q q 0 0 0 rg BT 61.49 230.40 Td (average ) Tj ET Q q 0 0 0 rg BT 104.67 230.40 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 160.69 230.40 Td (for ) Tj ET Q q 0 0 0 rg BT 176.96 230.40 Td (the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 195.68 230.40 Td (first) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 213.40 230.40 Td ( ) Tj ET Q q 0 0 0 rg BT 216.82 230.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 255.11 230.40 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 267.71 230.40 Td (2016) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 292.18 230.40 Td ( ) Tj ET Q q 0 0 0 rg BT 295.61 230.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 347.95 230.40 Td (to ) Tj ET Q q 0 0 0 rg BT 360.56 230.40 Td (the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 379.28 230.40 Td (first) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 397.00 230.40 Td ( ) Tj ET Q q 0 0 0 rg BT 400.43 230.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 438.71 230.40 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 451.31 230.40 Td (2015) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 475.78 230.40 Td (, ) Tj ET Q q 0 0 0 rg BT 482.27 230.40 Td (combined ) Tj ET Q q 0 0 0 rg BT 533.39 230.40 Td (with ) Tj ET Q q 0 0 0 rg BT 556.38 230.40 Td (a ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 217.20 Td (3.9%) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 74.57 217.20 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 77.67 217.20 Td (increase) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 119.24 217.20 Td ( ) Tj ET Q q 0 0 0 rg BT 122.34 217.20 Td (in ) Tj ET Q q 0 0 0 rg BT 134.00 217.20 Td (average ) Tj ET Q q 0 0 0 rg BT 176.84 217.20 Td (annualized ) Tj ET Q q 0 0 0 rg BT 233.15 217.20 Td (rental ) Tj ET Q q 0 0 0 rg BT 263.76 217.20 Td (revenue ) Tj ET Q q 0 0 0 rg BT 306.60 217.20 Td (per ) Tj ET Q q 0 0 0 rg BT 325.60 217.20 Td (occupied ) Tj ET Q q 0 0 0 rg BT 372.73 217.20 Td (square ) Tj ET Q q 0 0 0 rg BT 409.45 217.20 Td (foot ) Tj ET Q q 0 0 0 rg BT 430.90 217.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 482.91 217.20 Td (to ) Tj ET Q q 0 0 0 rg BT 495.17 217.20 Td (the ) Tj ET Q q 0 0 0 rg BT 513.56 217.20 Td (prior ) Tj ET Q q 0 0 0 rg BT 538.66 217.20 Td (year) Tj ET Q q 0 0 0 rg BT 559.45 217.20 Td (. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 204.00 Td (Same ) Tj ET Q q 0 0 0 rg BT 80.50 204.00 Td (store ) Tj ET Q q 0 0 0 rg BT 107.22 204.00 Td (property ) Tj ET Q q 0 0 0 rg BT 149.84 204.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 197.97 204.00 Td (expenses ) Tj ET Q q 0 0 0 rg BT 247.33 204.00 Td (were ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 273.43 204.00 Td ($10.1 ) Tj ET Q q 0 0 0 rg BT 303.23 204.00 Td (million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 334.40 204.00 Td ( ) Tj ET Q q 0 0 0 rg BT 336.66 204.00 Td (for ) Tj ET Q q 0 0 0 rg BT 351.77 204.00 Td (the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 369.32 204.00 Td (first) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 387.04 204.00 Td ( ) Tj ET Q q 0 0 0 rg BT 389.31 204.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 426.43 204.00 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 437.86 204.00 Td (2016) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 462.34 204.00 Td (, ) Tj ET Q q 0 0 0 rg BT 467.66 204.00 Td (an ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 482.16 204.00 Td (increase) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 523.73 204.00 Td ( ) Tj ET Q q 0 0 0 rg BT 526.00 204.00 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 537.44 204.00 Td (4.8%) Tj ET Q BT /F2 11.00 Tf ET BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 190.80 Td (compared ) Tj ET Q q 0 0 0 rg BT 101.47 190.80 Td (to ) Tj ET Q q 0 0 0 rg BT 113.70 190.80 Td (total ) Tj ET Q q 0 0 0 rg BT 137.55 190.80 Td (property ) Tj ET Q q 0 0 0 rg BT 180.96 190.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 229.88 190.80 Td (expenses ) Tj ET Q q 0 0 0 rg BT 280.03 190.80 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 292.26 190.80 Td ($9.7 ) Tj ET Q q 0 0 0 rg BT 316.72 190.80 Td (million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 347.90 190.80 Td ( ) Tj ET Q q 0 0 0 rg BT 350.95 190.80 Td (for ) Tj ET Q q 0 0 0 rg BT 366.85 190.80 Td (the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 385.19 190.80 Td (first) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 402.91 190.80 Td ( ) Tj ET Q q 0 0 0 rg BT 405.97 190.80 Td (quarter ) Tj ET Q q 0 0 0 rg BT 443.88 190.80 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 456.11 190.80 Td (2015) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 480.58 190.80 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 165.60 Td (The ) Tj ET Q q 0 0 0 rg BT 71.84 165.60 Td (increases ) Tj ET Q q 0 0 0 rg BT 122.30 165.60 Td (in ) Tj ET Q q 0 0 0 rg BT 134.24 165.60 Td (same ) Tj ET Q q 0 0 0 rg BT 164.52 165.60 Td (store ) Tj ET Q q 0 0 0 rg BT 192.36 165.60 Td (total ) Tj ET Q q 0 0 0 rg BT 216.54 165.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 265.17 165.60 Td (and ) Tj ET Q q 0 0 0 rg BT 286.91 165.60 Td (property ) Tj ET Q q 0 0 0 rg BT 330.64 165.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 379.89 165.60 Td (expenses ) Tj ET Q q 0 0 0 rg BT 430.36 165.60 Td (resulted ) Tj ET Q q 0 0 0 rg BT 472.88 165.60 Td (in ) Tj ET Q q 0 0 0 rg BT 484.83 165.60 Td (same ) Tj ET Q q 0 0 0 rg BT 515.11 165.60 Td (store ) Tj ET Q q 0 0 0 rg BT 542.94 165.60 Td (NOI ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 152.40 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 62.29 152.40 Td ($20.4 ) Tj ET Q q 0 0 0 rg BT 93.43 152.40 Td (million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 124.60 152.40 Td ( ) Tj ET Q q 0 0 0 rg BT 128.22 152.40 Td (for ) Tj ET Q q 0 0 0 rg BT 144.67 152.40 Td (the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 163.57 152.40 Td (first) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 181.29 152.40 Td ( ) Tj ET Q q 0 0 0 rg BT 184.91 152.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 223.38 152.40 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 236.16 152.40 Td (2016) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 260.63 152.40 Td (, ) Tj ET Q q 0 0 0 rg BT 267.30 152.40 Td (an ) Tj ET Q q 0 0 0 rg BT 283.15 152.40 Td (increase ) Tj ET Q q 0 0 0 rg BT 328.35 152.40 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 341.13 152.40 Td (1) Tj ET Q q 0 0 0 rg BT 346.44 152.40 Td (1.3%) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 371.51 152.40 Td ( ) Tj ET Q q 0 0 0 rg BT 375.12 152.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 427.65 152.40 Td (to ) Tj ET Q q 0 0 0 rg BT 440.44 152.40 Td (same ) Tj ET Q q 0 0 0 rg BT 470.95 152.40 Td (store ) Tj ET Q q 0 0 0 rg BT 499.02 152.40 Td (NOI ) Tj ET Q q 0 0 0 rg BT 522.19 152.40 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 534.98 152.40 Td ($18.3 ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 139.20 Td (million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 80.67 139.20 Td ( ) Tj ET Q q 0 0 0 rg BT 83.73 139.20 Td (for ) Tj ET Q q 0 0 0 rg BT 99.62 139.20 Td (the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 117.97 139.20 Td (first) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 135.69 139.20 Td ( ) Tj ET Q q 0 0 0 rg BT 138.75 139.20 Td (quarter ) Tj ET Q q 0 0 0 rg BT 176.66 139.20 Td (of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 188.89 139.20 Td (2015) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 213.36 139.20 Td (. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 49.50 114.00 Td (Investment ) Tj ET Q q 0 0 0 rg BT 110.22 114.00 Td (Activity) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 88.80 Td (During ) Tj ET Q q 0 0 0 rg BT 84.49 88.80 Td (the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 102.37 88.80 Td (first) 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Tj ET Q q 0 0 0 rg BT 525.82 88.80 Td (storage ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 75.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 102.94 75.60 Td (located ) Tj ET Q q 0 0 0 rg BT 142.94 75.60 Td (throughout ) Tj ET Q q 0 0 0 rg BT 200.07 75.60 Td (six ) Tj ET Q q 0 0 0 rg BT 218.04 75.60 Td (states. ) Tj ET Q q 0 0 0 rg BT 254.68 75.60 Td (These ) Tj ET Q q 0 0 0 rg BT 289.78 75.60 Td (first ) Tj ET Q q 0 0 0 rg BT 312.03 75.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 351.41 75.60 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 413.42 75.60 Td (encompass ) Tj ET Q q 0 0 0 rg BT 474.20 75.60 Td (approximately ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 547.20 75.60 Td (1.1 ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 62.40 Td (million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 80.67 62.40 Td ( ) Tj ET Q q 0 0 0 rg BT 83.73 62.40 Td (rentable ) Tj ET Q q 0 0 0 rg BT 126.54 62.40 Td (square ) Tj ET Q q 0 0 0 rg BT 163.23 62.40 Td (feet ) Tj ET Q q 0 0 0 rg BT 184.63 62.40 Td (configured 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Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 49.50 634.00 Td (Debt ) Tj ET Q q 0 0 0 rg BT 77.00 634.00 Td (and ) Tj ET Q q 0 0 0 rg BT 99.61 634.00 Td (Credit ) Tj ET Q q 0 0 0 rg BT 134.45 634.00 Td (Facility ) Tj ET Q q 0 0 0 rg BT 175.00 634.00 Td (Activity) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 608.80 Td (At ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 61.94 608.80 Td (March31, ) Tj ET Q q 0 0 0 rg BT 112.90 608.80 Td (2016) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 137.37 608.80 Td (, ) Tj ET Q q 0 0 0 rg BT 142.48 608.80 Td (the ) Tj ET Q q 0 0 0 rg BT 159.82 608.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 208.95 608.80 Td (had ) Tj ET Q q 0 0 0 rg BT 229.35 608.80 Td (approximately ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 299.88 608.80 Td ($630 ) Tj ET Q q 0 0 0 rg BT 326.40 608.80 Td (million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 357.57 608.80 Td ( ) Tj ET Q q 0 0 0 rg BT 359.62 608.80 Td (of ) Tj ET Q q 0 0 0 rg BT 370.85 608.80 Td (total ) Tj ET Q q 0 0 0 rg BT 393.69 608.80 Td (principal ) Tj ET Q q 0 0 0 rg BT 436.71 608.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 460.17 608.80 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 519.10 608.80 Td (including ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 595.60 Td (approximately ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 119.59 595.60 Td ($260 ) Tj ET Q q 0 0 0 rg BT 145.68 595.60 Td (million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 176.86 595.60 Td ( ) Tj ET Q q 0 0 0 rg BT 178.47 595.60 Td (of ) Tj ET Q q 0 0 0 rg BT 189.27 595.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 247.76 595.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 270.79 595.60 Td (under ) Tj ET Q q 0 0 0 rg BT 300.54 595.60 Td (its ) Tj ET Q q 0 0 0 rg BT 313.16 595.60 Td (revolving ) Tj ET Q q 0 0 0 rg BT 358.80 595.60 Td (line ) Tj ET Q q 0 0 0 rg BT 377.54 595.60 Td (of ) Tj ET Q q 0 0 0 rg BT 388.33 595.60 Td (credit. ) Tj ET Q q 0 0 0 rg BT 419.90 595.60 Td (On ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 436.19 595.60 Td (May ) Tj ET Q q 0 0 0 rg BT 458.59 595.60 Td (6, ) Tj ET Q q 0 0 0 rg BT 469.38 595.60 Td (2016) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 493.85 595.60 Td (, ) Tj ET Q q 0 0 0 rg BT 498.53 595.60 Td (the ) Tj ET Q q 0 0 0 rg BT 515.44 595.60 Td (Company ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 582.40 Td (entered ) Tj ET Q q 0 0 0 rg BT 90.45 582.40 Td (into ) Tj ET Q q 0 0 0 rg BT 111.83 582.40 Td (an ) Tj ET Q q 0 0 0 rg BT 127.71 582.40 Td (amendment ) Tj ET Q q 0 0 0 rg BT 189.44 582.40 Td (with ) Tj ET Q q 0 0 0 rg BT 212.64 582.40 Td (a ) Tj ET Q q 0 0 0 rg BT 222.40 582.40 Td (syndicated ) Tj ET Q q 0 0 0 rg BT 278.63 582.40 Td (group ) Tj ET Q q 0 0 0 rg BT 310.41 582.40 Td (of ) Tj ET Q q 0 0 0 rg BT 323.23 582.40 Td (lenders ) Tj ET Q q 0 0 0 rg BT 362.95 582.40 Td (to ) Tj ET Q q 0 0 0 rg BT 375.76 582.40 Td (modify ) Tj ET Q q 0 0 0 rg BT 411.80 582.40 Td (its ) Tj ET Q q 0 0 0 rg BT 426.45 582.40 Td (credit ) Tj ET Q q 0 0 0 rg BT 456.99 582.40 Td (facility) Tj ET Q q 0 0 0 rg BT 486.73 582.40 Td (, 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182.81 542.80 Td (its ) Tj ET Q q 0 0 0 rg BT 196.86 542.80 Td (revolving ) Tj ET Q q 0 0 0 rg BT 243.94 542.80 Td (line ) Tj ET Q q 0 0 0 rg BT 264.12 542.80 Td (of ) Tj ET Q q 0 0 0 rg BT 276.35 542.80 Td (credit ) Tj ET Q q 0 0 0 rg BT 306.30 542.80 Td (as ) Tj ET Q q 0 0 0 rg BT 320.98 542.80 Td (of ) Tj ET Q q 0 0 0 rg BT 333.21 542.80 Td (May ) Tj ET Q q 0 0 0 rg BT 357.04 542.80 Td (6, ) Tj ET Q q 0 0 0 rg BT 369.27 542.80 Td (2016.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 49.50 517.60 Td (Dividends) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 492.40 Td (On ) Tj ET Q q 0 0 0 rg BT 67.33 492.40 Td (February ) Tj ET Q q 0 0 0 rg BT 114.50 492.40 Td (25, ) Tj ET Q q 0 0 0 rg BT 132.95 492.40 Td (2016, ) Tj ET Q q 0 0 0 rg BT 163.63 492.40 Td (NSA's ) Tj ET Q q 0 0 0 rg BT 197.00 492.40 Td (Board ) Tj ET Q q 0 0 0 rg BT 229.51 492.40 Td (of ) Tj ET Q q 0 0 0 rg BT 241.63 492.40 Td (T) Tj ET Q q 0 0 0 rg BT 247.94 492.40 Td (rustees ) Tj ET Q q 0 0 0 rg BT 287.17 492.40 Td (declared ) Tj ET Q q 0 0 0 rg BT 332.52 492.40 Td (a ) Tj ET Q q 0 0 0 rg BT 341.79 492.40 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 387.74 492.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 414.13 492.40 Td (dividend ) Tj ET Q q 0 0 0 rg BT 458.26 492.40 Td (of ) Tj ET Q q 0 0 0 rg BT 470.59 492.40 Td ($0.20 ) Tj ET Q q 0 0 0 rg BT 501.27 492.40 Td (per ) Tj ET Q q 0 0 0 rg BT 520.33 492.40 Td (common ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 479.20 Td (share ) Tj ET Q q 0 0 0 rg BT 80.07 479.20 Td (which ) Tj ET Q q 0 0 0 rg BT 111.25 479.20 Td (was ) Tj ET Q q 0 0 0 rg BT 133.87 479.20 Td (paid ) Tj ET Q q 0 0 0 rg BT 157.72 479.20 Td (on ) Tj ET Q q 0 0 0 rg BT 173.01 479.20 Td (March ) Tj ET Q q 0 0 0 rg BT 206.63 479.20 Td (30, ) Tj ET Q q 0 0 0 rg BT 224.98 479.20 Td (2016 ) Tj ET Q q 0 0 0 rg BT 252.51 479.20 Td (to ) Tj ET Q q 0 0 0 rg BT 264.74 479.20 Td (holders ) Tj ET Q q 0 0 0 rg BT 303.87 479.20 Td (of ) Tj ET Q q 0 0 0 rg BT 316.10 479.20 Td (record ) Tj ET Q q 0 0 0 rg BT 350.33 479.20 Td (at ) Tj ET Q q 0 0 0 rg BT 362.56 479.20 Td (March ) Tj ET Q q 0 0 0 rg BT 396.18 479.20 Td (15, ) Tj ET Q q 0 0 0 rg BT 414.53 479.20 Td (2016.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 49.50 454.00 Td (2016 ) Tj ET Q q 0 0 0 rg BT 77.03 454.00 Td (Guidance ) Tj ET Q q 0 0 0 rg BT 130.21 454.00 Td (Update) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 428.80 Td (The ) Tj ET Q q 0 0 0 rg BT 71.51 428.80 Td (following ) Tj ET Q q 0 0 0 rg BT 117.37 428.80 Td (outlines ) Tj ET Q q 0 0 0 rg BT 158.34 428.80 Td (updates ) Tj ET Q q 0 0 0 rg BT 200.54 428.80 Td (to ) Tj ET Q q 0 0 0 rg BT 212.77 428.80 Td (the ) Tj ET Q q 0 0 0 rg BT 231.12 428.80 Td (Company's ) Tj ET Q q 0 0 0 rg BT 288.85 428.80 Td (estimates ) Tj ET Q q 0 0 0 rg BT 338.98 428.80 Td (for ) Tj ET Q q 0 0 0 rg BT 354.87 428.80 Td (the ) Tj ET Q q 0 0 0 rg BT 373.22 428.80 Td (year ) Tj ET Q q 0 0 0 rg BT 397.68 428.80 Td (ended ) Tj ET Q q 0 0 0 rg BT 431.32 428.80 Td (December ) Tj ET Q q 0 0 0 rg BT 485.12 428.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 503.46 428.80 Td (2016:) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 67.50 403.60 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 85.50 403.60 Td (Same ) Tj ET Q q 0 0 0 rg BT 117.29 403.60 Td (store ) Tj ET Q q 0 0 0 rg BT 144.80 403.60 Td (NOI ) Tj ET Q q 0 0 0 rg BT 167.41 403.60 Td (growth ) Tj ET Q q 0 0 0 rg BT 203.49 403.60 Td (of ) Tj ET Q q 0 0 0 rg BT 215.72 403.60 Td (7.5% ) Tj ET Q q 0 0 0 rg BT 243.85 403.60 Td (to ) Tj ET Q q 0 0 0 rg BT 256.08 403.60 Td (9.5%) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 67.50 378.40 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 85.50 378.40 Td (Acquisitions ) Tj ET Q q 0 0 0 rg BT 147.25 378.40 Td (of ) Tj ET Q q 0 0 0 rg BT 159.48 378.40 Td ($400 ) Tj ET Q q 0 0 0 rg BT 187.01 378.40 Td (million ) Tj ET Q q 0 0 0 rg BT 221.24 378.40 Td (to ) Tj ET Q q 0 0 0 rg BT 233.47 378.40 Td ($550 ) Tj ET Q q 0 0 0 rg BT 261.00 378.40 Td (million) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 67.50 353.20 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 85.50 353.20 Td (Core ) Tj ET Q q 0 0 0 rg BT 112.40 353.20 Td (FFO ) Tj ET Q q 0 0 0 rg BT 137.45 353.20 Td (per ) Tj ET Q q 0 0 0 rg BT 156.40 353.20 Td (share ) Tj ET Q q 0 0 0 rg BT 186.98 353.20 Td (of ) Tj ET Q q 0 0 0 rg BT 199.21 353.20 Td ($1.04 ) Tj ET Q q 0 0 0 rg BT 229.79 353.20 Td (to ) Tj ET Q q 0 0 0 rg BT 242.02 353.20 Td ($1.08) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 49.50 328.00 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 124.68 328.00 Td (Financial ) Tj ET Q q 0 0 0 rg BT 175.41 328.00 Td (Information) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 302.80 Td (The ) Tj ET Q q 0 0 0 rg BT 73.02 302.80 Td (full ) Tj ET Q q 0 0 0 rg BT 91.64 302.80 Td (text ) Tj ET Q q 0 0 0 rg BT 113.93 302.80 Td (of ) Tj ET Q q 0 0 0 rg BT 127.66 302.80 Td (this ) Tj ET Q q 0 0 0 rg BT 149.34 302.80 Td (earnings ) Tj ET Q q 0 0 0 rg BT 196.10 302.80 Td (release ) Tj ET Q q 0 0 0 rg BT 236.73 302.80 Td (and ) Tj ET Q q 0 0 0 rg BT 259.65 302.80 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 329.64 302.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 374.56 302.80 Td (information, ) Tj ET Q q 0 0 0 rg BT 436.59 302.80 Td (including ) Tj ET Q q 0 0 0 rg BT 484.57 302.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 522.15 302.80 Td (financial ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 289.60 Td (information ) Tj ET Q q 0 0 0 rg BT 118.95 289.60 Td (referenced ) Tj ET Q q 0 0 0 rg BT 186.58 289.60 Td (in ) Tj ET Q q 0 0 0 rg BT 210.18 289.60 Td (this ) Tj ET Q q 0 0 0 rg BT 242.34 289.60 Td (release, ) Tj ET Q q 0 0 0 rg BT 296.51 289.60 Td (are ) Tj ET Q q 0 0 0 rg BT 327.45 289.60 Td (available ) Tj ET Q q 0 0 0 rg BT 385.90 289.60 Td (on ) Tj ET Q q 0 0 0 rg BT 413.18 289.60 Td (NSA's ) Tj ET Q q 0 0 0 rg BT 458.43 289.60 Td (website ) Tj ET Q q 0 0 0 rg BT 510.77 289.60 Td (at ) Tj ET Q q 0 0 0 rg BT 534.98 289.60 Td (http://) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 276.40 Td (ir) Tj ET Q q 0 0 0 rg BT 55.00 276.40 Td (.nationalstorageaf) Tj ET Q q 0 0 0 rg BT 142.25 276.40 Td (filiates.com/quarterly-reporting ) Tj ET Q q 0 0 0 rg BT 292.40 276.40 Td (and ) Tj ET Q q 0 0 0 rg BT 312.94 276.40 Td (as ) Tj ET Q q 0 0 0 rg BT 326.76 276.40 Td (exhibit ) Tj ET Q q 0 0 0 rg BT 360.75 276.40 Td (99.1 ) Tj ET Q q 0 0 0 rg BT 384.35 276.40 Td (to ) Tj ET Q q 0 0 0 rg BT 395.72 276.40 Td (the ) Tj ET Q q 0 0 0 rg BT 413.21 276.40 Td (Company's ) Tj ET Q q 0 0 0 rg BT 470.08 276.40 Td (Form ) Tj ET Q q 0 0 0 rg BT 497.94 276.40 Td (8-K ) Tj ET Q q 0 0 0 rg BT 517.25 276.40 Td (furnished ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 263.20 Td (to ) Tj ET Q q 0 0 0 rg BT 61.73 263.20 Td (the ) Tj ET Q q 0 0 0 rg BT 80.08 263.20 Td (SEC ) Tj ET Q q 0 0 0 rg BT 105.75 263.20 Td (on ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 121.04 263.20 Td (May9, ) Tj ET Q q 0 0 0 rg BT 157.11 263.20 Td (2016) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 181.58 263.20 Td (.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 49.50 238.00 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 106.13 238.00 Td ( ) Tj ET Q q 0 0 0 rg BT 109.18 238.00 Td (Financial ) Tj ET Q q 0 0 0 rg BT 159.92 238.00 Td (Measures ) Tj ET Q q 0 0 0 rg BT 213.73 238.00 Td (& ) Tj ET Q q 0 0 0 rg BT 224.73 238.00 Td (Glossary) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 212.80 Td (This ) Tj ET Q q 0 0 0 rg BT 76.13 212.80 Td (press ) Tj ET Q q 0 0 0 rg BT 108.89 212.80 Td (release ) Tj ET Q q 0 0 0 rg BT 150.82 212.80 Td (contains ) Tj ET Q q 0 0 0 rg BT 197.64 212.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 236.51 212.80 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 288.90 212.80 Td ( ) Tj ET Q q 0 0 0 rg BT 294.75 212.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 340.96 212.80 Td (measures. ) Tj ET Q q 0 0 0 rg BT 397.79 212.80 Td (These ) Tj ET Q q 0 0 0 rg BT 434.21 212.80 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 486.60 212.80 Td ( ) Tj ET Q q 0 0 0 rg BT 492.45 212.80 Td (measures ) Tj ET Q q 0 0 0 rg BT 546.60 212.80 Td (are ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 199.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 104.67 199.60 Td (because ) Tj ET Q q 0 0 0 rg BT 152.50 199.60 Td (NSA's ) Tj ET Q q 0 0 0 rg BT 188.96 199.60 Td (management ) Tj ET Q q 0 0 0 rg BT 259.41 199.60 Td (believes ) Tj ET Q q 0 0 0 rg BT 306.01 199.60 Td (these ) Tj ET Q q 0 0 0 rg BT 339.16 199.60 Td (measures ) Tj ET Q q 0 0 0 rg BT 393.70 199.60 Td (help ) Tj ET Q q 0 0 0 rg BT 420.74 199.60 Td (investors ) Tj ET Q q 0 0 0 rg BT 471.00 199.60 Td (understand ) Tj ET Q q 0 0 0 rg BT 532.28 199.60 Td (NSA's ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 186.40 Td (business, ) Tj ET Q q 0 0 0 rg BT 98.76 186.40 Td (performance ) Tj ET Q q 0 0 0 rg BT 163.31 186.40 Td (and ) Tj ET Q q 0 0 0 rg BT 184.46 186.40 Td (ability ) Tj ET Q q 0 0 0 rg BT 215.37 186.40 Td (to ) Tj ET Q q 0 0 0 rg BT 227.34 186.40 Td (earn ) Tj ET Q q 0 0 0 rg BT 252.15 186.40 Td (and ) Tj ET Q q 0 0 0 rg BT 273.30 186.40 Td (distribute ) Tj ET Q q 0 0 0 rg BT 320.72 186.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 346.75 186.40 Td (to ) Tj ET Q q 0 0 0 rg BT 358.72 186.40 Td (its ) Tj ET Q q 0 0 0 rg BT 372.51 186.40 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 438.90 186.40 Td (by ) Tj ET Q q 0 0 0 rg BT 453.31 186.40 Td (providing ) Tj ET Q q 0 0 0 rg BT 500.74 186.40 Td (perspectives ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 173.20 Td (not ) Tj ET Q q 0 0 0 rg BT 68.22 173.20 Td (immediately ) Tj ET Q q 0 0 0 rg BT 130.33 173.20 Td (apparent ) Tj ET Q q 0 0 0 rg BT 177.18 173.20 Td (from ) Tj ET Q q 0 0 0 rg BT 202.60 173.20 Td (net ) Tj ET Q q 0 0 0 rg BT 221.32 173.20 Td (income ) Tj ET Q q 0 0 0 rg BT 260.20 173.20 Td (\(loss\). ) Tj ET Q q 0 0 0 rg BT 293.35 173.20 Td (These ) Tj ET Q q 0 0 0 rg BT 327.34 173.20 Td (measures ) Tj ET Q q 0 0 0 rg BT 379.07 173.20 Td (are ) Tj ET Q q 0 0 0 rg BT 398.39 173.20 Td (also ) Tj ET Q q 0 0 0 rg BT 421.99 173.20 Td (frequently ) Tj ET Q q 0 0 0 rg BT 473.73 173.20 Td (used ) Tj ET Q q 0 0 0 rg BT 501.00 173.20 Td (by ) Tj ET Q q 0 0 0 rg BT 516.05 173.20 Td (securities ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 160.00 Td (analysts, ) Tj ET Q q 0 0 0 rg BT 95.90 160.00 Td (investors ) Tj ET Q q 0 0 0 rg BT 142.92 160.00 Td (and ) Tj ET Q q 0 0 0 rg BT 164.26 160.00 Td (other ) Tj ET Q q 0 0 0 rg BT 192.33 160.00 Td (interested ) Tj ET Q q 0 0 0 rg BT 243.63 160.00 Td (parties. ) Tj ET Q q 0 0 0 rg BT 282.51 160.00 Td (The ) Tj ET Q q 0 0 0 rg BT 304.46 160.00 Td (presentation ) Tj ET Q q 0 0 0 rg BT 367.99 160.00 Td (of ) Tj ET Q q 0 0 0 rg BT 380.16 160.00 Td (FFO, ) Tj ET Q q 0 0 0 rg BT 408.21 160.00 Td (Core ) Tj ET Q q 0 0 0 rg BT 435.05 160.00 Td (FFO ) Tj ET Q q 0 0 0 rg BT 460.04 160.00 Td (and ) Tj ET Q q 0 0 0 rg BT 481.38 160.00 Td (NOI ) Tj ET Q q 0 0 0 rg BT 503.94 160.00 Td (in ) Tj ET Q q 0 0 0 rg BT 515.49 160.00 Td (this ) Tj ET Q q 0 0 0 rg BT 535.60 160.00 Td (press ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 146.80 Td (release ) Tj ET Q q 0 0 0 rg BT 89.58 146.80 Td (are ) Tj ET Q q 0 0 0 rg BT 109.49 146.80 Td (not ) Tj ET Q q 0 0 0 rg BT 128.78 146.80 Td (intended ) Tj ET Q q 0 0 0 rg BT 175.00 146.80 Td (to ) Tj ET Q q 0 0 0 rg BT 188.17 146.80 Td (be ) Tj ET Q q 0 0 0 rg BT 204.42 146.80 Td (considered ) Tj ET Q q 0 0 0 rg BT 262.23 146.80 Td (in ) Tj ET Q q 0 0 0 rg BT 274.80 146.80 Td (isolation ) Tj ET Q q 0 0 0 rg BT 319.16 146.80 Td (or ) Tj ET Q q 0 0 0 rg BT 332.95 146.80 Td (as ) Tj ET Q q 0 0 0 rg BT 348.57 146.80 Td (a ) Tj ET Q q 0 0 0 rg BT 358.70 146.80 Td (substitute ) Tj ET Q q 0 0 0 rg BT 409.78 146.80 Td (for) Tj ET Q q 0 0 0 rg BT 422.01 146.80 Td (, ) Tj ET Q q 0 0 0 rg BT 429.08 146.80 Td (or ) Tj ET Q q 0 0 0 rg BT 442.86 146.80 Td (superior ) Tj ET Q q 0 0 0 rg BT 486.61 146.80 Td (to, ) Tj ET Q q 0 0 0 rg BT 502.84 146.80 Td (the ) Tj ET Q q 0 0 0 rg BT 522.14 146.80 Td (financial ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 133.60 Td (information ) Tj ET Q q 0 0 0 rg BT 107.86 133.60 Td (prepared ) Tj ET Q q 0 0 0 rg BT 155.83 133.60 Td (and ) Tj ET Q q 0 0 0 rg BT 178.13 133.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 230.99 133.60 Td (in ) Tj ET Q q 0 0 0 rg BT 243.50 133.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 304.31 133.60 Td (with ) Tj ET Q q 0 0 0 rg BT 327.81 133.60 Td (GAAP) Tj ET Q q 0 0 0 rg BT 356.96 133.60 Td (. ) Tj ET Q q 0 0 0 rg BT 363.96 133.60 Td (In ) Tj ET Q q 0 0 0 rg BT 377.08 133.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 422.61 133.60 Td (NSA's ) Tj ET Q q 0 0 0 rg BT 456.77 133.60 Td (method ) Tj ET Q q 0 0 0 rg BT 497.40 133.60 Td (of ) Tj ET Q q 0 0 0 rg BT 510.52 133.60 Td (calculating ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 120.40 Td (these ) Tj ET Q q 0 0 0 rg BT 80.19 120.40 Td (measures ) Tj ET Q q 0 0 0 rg BT 132.26 120.40 Td (may ) Tj ET Q q 0 0 0 rg BT 156.82 120.40 Td (be ) Tj ET Q q 0 0 0 rg BT 172.83 120.40 Td (dif) Tj ET Q q 0 0 0 rg BT 184.25 120.40 Td (ferent ) Tj ET Q q 0 0 0 rg BT 216.15 120.40 Td (from ) Tj ET Q q 0 0 0 rg BT 241.93 120.40 Td (methods ) Tj ET Q q 0 0 0 rg BT 287.90 120.40 Td (used ) Tj ET Q q 0 0 0 rg BT 315.53 120.40 Td (by ) Tj ET Q q 0 0 0 rg BT 330.92 120.40 Td (other ) Tj ET Q q 0 0 0 rg BT 359.77 120.40 Td (companies, ) Tj ET Q q 0 0 0 rg BT 419.80 120.40 Td (and, ) Tj ET Q q 0 0 0 rg BT 444.99 120.40 Td (accordingly) Tj ET Q q 0 0 0 rg BT 499.81 120.40 Td (, ) Tj ET Q q 0 0 0 rg BT 506.64 120.40 Td (may ) Tj ET Q q 0 0 0 rg BT 531.20 120.40 Td (not ) Tj ET Q q 0 0 0 rg BT 550.27 120.40 Td (be ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 107.20 Td (comparable ) Tj ET Q q 0 0 0 rg BT 110.07 107.20 Td (to ) Tj ET Q q 0 0 0 rg BT 122.35 107.20 Td (similar ) Tj ET Q q 0 0 0 rg BT 157.22 107.20 Td (measures ) Tj ET Q q 0 0 0 rg BT 208.61 107.20 Td (as ) Tj ET Q q 0 0 0 rg BT 223.33 107.20 Td (calculated ) Tj ET Q q 0 0 0 rg BT 275.96 107.20 Td (by ) Tj ET Q q 0 0 0 rg BT 290.68 107.20 Td (other ) Tj ET Q q 0 0 0 rg BT 318.85 107.20 Td (companies ) Tj ET Q q 0 0 0 rg BT 375.14 107.20 Td (that ) Tj ET Q q 0 0 0 rg BT 396.59 107.20 Td (do ) Tj ET Q q 0 0 0 rg BT 411.92 107.20 Td (not ) Tj ET Q q 0 0 0 rg BT 430.31 107.20 Td (use ) Tj ET Q q 0 0 0 rg BT 451.14 107.20 Td (the ) Tj ET Q q 0 0 0 rg BT 469.53 107.20 Td (same ) Tj ET Q q 0 0 0 rg BT 499.53 107.20 Td (methodology ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 94.00 Td (as ) Tj ET Q q 0 0 0 rg BT 64.83 94.00 Td (NSA. ) Tj ET Q q 0 0 0 rg BT 93.98 94.00 Td (These ) Tj ET Q q 0 0 0 rg BT 128.27 94.00 Td (measures, ) Tj ET Q q 0 0 0 rg BT 183.34 94.00 Td (and ) Tj ET Q q 0 0 0 rg BT 205.41 94.00 Td (other ) Tj ET Q q 0 0 0 rg BT 234.20 94.00 Td (words ) Tj ET Q q 0 0 0 rg BT 267.26 94.00 Td (and ) Tj ET Q q 0 0 0 rg BT 289.33 94.00 Td (phrases ) Tj ET Q q 0 0 0 rg BT 332.19 94.00 Td (used ) Tj ET Q q 0 0 0 rg BT 359.76 94.00 Td (herein, ) Tj ET Q q 0 0 0 rg BT 397.11 94.00 Td (are ) Tj ET Q q 0 0 0 rg BT 416.72 94.00 Td (defined ) Tj ET Q q 0 0 0 rg BT 456.53 94.00 Td (in ) Tj ET Q q 0 0 0 rg BT 468.81 94.00 Td (the ) Tj ET Q q 0 0 0 rg BT 487.82 94.00 Td (Glossary ) Tj ET Q q 0 0 0 rg BT 534.93 94.00 Td (in ) Tj ET Q q 0 0 0 rg BT 547.21 94.00 Td (the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 80.80 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 119.04 80.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 163.51 80.80 Td (information ) Tj ET Q q 0 0 0 rg BT 222.04 80.80 Td (and, ) Tj ET Q q 0 0 0 rg BT 247.56 80.80 Td (where ) Tj ET Q q 0 0 0 rg BT 281.63 80.80 Td (appropriate, ) Tj ET Q q 0 0 0 rg BT 344.45 80.80 Td (reconciliations ) Tj ET Q q 0 0 0 rg BT 418.26 80.80 Td (of ) Tj ET Q q 0 0 0 rg BT 431.54 80.80 Td (these ) Tj ET Q q 0 0 0 rg BT 462.56 80.80 Td (measures ) Tj ET Q q 0 0 0 rg BT 514.97 80.80 Td (and ) Tj ET Q q 0 0 0 rg BT 537.44 80.80 Td (other ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 67.60 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 101.88 67.60 Td ( ) Tj ET Q q 0 0 0 rg BT 106.95 67.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 152.37 67.60 Td (measures ) Tj ET Q q 0 0 0 rg BT 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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 398 601.5 m 478 601.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 601.5 m 482 601.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 601.5 m 562 601.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 587.5 m 478 587.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 587.5 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 398 587.5 m 478 587.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 587.5 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 398 531.5 m 478 531.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 531.5 m 562 531.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 531.5 m 478 531.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 531.5 m 562 531.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 466.5 m 478 466.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 444.5 m 478 444.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 442.5 m 478 442.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 466.5 m 562 466.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 444.5 m 562 444.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 442.5 m 562 442.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 344.5 m 478 344.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 344.5 m 562 344.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 331.5 m 478 331.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 329.5 m 478 329.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 331.5 m 562 331.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 329.5 m 562 329.5 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 \(Loss\) to FFO and Core FFO) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.95 613.45 Td (Three Months Ended) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 458.70 604.45 Td (March 31,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.45 591.90 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 511.45 591.90 Td (2015) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 51.50 577.90 Td (Net income \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.50 577.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 451.60 577.90 Td (4,802) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.50 577.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.60 577.90 Td (\(2,771) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 558.15 577.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 563.90 Td (Add \(subtract\):) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 60.50 549.90 Td (Real estate depreciation and amortization) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.60 549.90 Td (10,779) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.60 549.90 Td (9,806) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 60.50 535.90 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 289.63 540.19 Td ( \(1\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 448.60 535.90 Td (\(4,343) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.15 535.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.60 535.90 Td (\(3,275) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 558.15 535.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.00 521.90 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 87.50 512.90 Td (unitholders) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 446.60 512.90 Td (11,238) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.60 512.90 Td (3,760) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 498.90 Td (Add:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 60.50 484.90 Td (Acquisition costs) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.60 484.90 Td (1,288) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.10 484.90 Td (599) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 60.50 470.90 Td (Organizational and offering expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.15 470.90 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.10 470.90 Td (58) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.00 456.90 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 87.50 447.90 Td (unitholders) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.50 447.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 446.60 447.90 Td (12,526) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.50 447.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.60 447.90 Td (4,417) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 51.50 418.90 Td (W) Tj ET Q q 0 0 0 rg BT 59.83 418.90 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 349.87 423.19 Td (\(2\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 404.90 Td (Weighted average shares outstanding - basic) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.60 404.90 Td (23,005) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 553.10 404.90 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 390.90 Td (Weighted average restricted common shares outstanding) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.10 390.90 Td (16) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.15 390.90 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 376.90 Td (Weighted average OP units outstanding) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.60 376.90 Td (22,235) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.60 376.90 Td (19,205) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 362.90 Td (Weighted average DownREIT OP unit equivalents outstanding) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.60 362.90 Td (1,835) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.60 362.90 Td (1,386) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 348.90 Td (W) Tj ET Q q 0 0 0 rg BT 59.83 348.90 Td (eighted average L) Tj ET Q q 0 0 0 rg BT 131.22 348.90 Td (TIP) Tj ET Q q 0 0 0 rg BT 145.06 348.90 Td ( units outstanding) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 215.61 353.19 Td ( \(3\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.60 348.90 Td (2,456) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.15 348.90 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 60.50 334.90 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 446.60 334.90 Td (49,547) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.60 334.90 Td (20,592) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 51.50 305.90 Td (FFO per share and unit) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.50 305.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.60 305.90 Td (0.23) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.50 305.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.60 305.90 Td (0.18) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 51.50 291.90 Td (Core FFO per share and unit) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.50 291.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.60 291.90 Td (0.25) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.50 291.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.60 291.90 Td (0.21) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 149.18 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 63.12 149.18 Td ( ) Tj ET Q q 0 0 0 rg BT 64.82 149.18 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 98.02 149.18 Td (represent ) Tj ET Q q 0 0 0 rg BT 133.66 149.18 Td (distributions ) Tj ET Q q 0 0 0 rg BT 178.20 149.18 Td (declared ) Tj ET Q q 0 0 0 rg BT 210.73 149.18 Td (for ) Tj ET Q q 0 0 0 rg BT 221.91 149.18 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 270.02 149.18 Td (performance ) Tj ET Q q 0 0 0 rg BT 316.77 149.18 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 357.76 149.18 Td (and ) Tj ET Q q 0 0 0 rg BT 372.95 149.18 Td (DownREIT) Tj ET Q q 0 0 0 rg BT 411.55 149.18 Td ( ) Tj ET Q q 0 0 0 rg BT 413.33 149.18 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 461.43 149.18 Td (performance ) Tj ET Q q 0 0 0 rg BT 508.19 149.18 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 549.17 149.18 Td (for ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.00 141.18 Td (the ) Tj ET Q q 0 0 0 rg BT 78.34 141.18 Td (periods ) Tj ET Q q 0 0 0 rg BT 106.80 141.18 Td (presented.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 128.18 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 62.67 128.18 Td ( ) Tj ET Q q 0 0 0 rg BT 64.06 128.18 Td (NSA) Tj ET Q q 0 0 0 rg BT 80.07 128.18 Td ( ) Tj ET Q q 0 0 0 rg BT 81.47 128.18 Td (combines ) Tj ET Q q 0 0 0 rg BT 117.10 128.18 Td (OP) Tj ET Q q 0 0 0 rg BT 128.51 128.18 Td ( ) Tj ET Q q 0 0 0 rg BT 129.91 128.18 Td (units ) Tj ET Q q 0 0 0 rg BT 148.20 128.18 Td (and ) Tj ET Q q 0 0 0 rg BT 162.94 128.18 Td (DownREIT) Tj ET Q q 0 0 0 rg BT 201.47 128.18 Td ( ) Tj ET Q q 0 0 0 rg BT 202.86 128.18 Td (OP) Tj ET Q q 0 0 0 rg BT 214.28 128.18 Td ( ) Tj ET Q q 0 0 0 rg BT 215.67 128.18 Td (units ) Tj ET Q q 0 0 0 rg BT 233.96 128.18 Td (with ) Tj ET Q q 0 0 0 rg BT 249.58 128.18 Td (common ) Tj ET Q q 0 0 0 rg BT 281.65 128.18 Td (shares ) Tj ET Q q 0 0 0 rg BT 307.06 128.18 Td (because, ) Tj ET Q q 0 0 0 rg BT 340.92 128.18 Td (after ) Tj ET Q q 0 0 0 rg BT 358.32 128.18 Td (the ) Tj ET Q q 0 0 0 rg BT 370.84 128.18 Td (applicable ) Tj ET Q q 0 0 0 rg BT 408.26 128.18 Td (lock-out ) Tj ET Q q 0 0 0 rg BT 437.66 128.18 Td (periods, ) Tj ET Q q 0 0 0 rg BT 467.52 128.18 Td (OP) Tj ET Q q 0 0 0 rg BT 478.93 128.18 Td ( ) Tj ET Q q 0 0 0 rg BT 480.32 128.18 Td (units ) Tj ET Q q 0 0 0 rg BT 498.62 128.18 Td (in ) Tj ET Q q 0 0 0 rg BT 506.24 128.18 Td (the ) Tj ET Q q 0 0 0 rg BT 518.75 128.18 Td (Company's ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.00 120.18 Td (operating ) Tj ET Q q 0 0 0 rg BT 100.43 120.18 Td (partnership ) Tj ET Q q 0 0 0 rg BT 142.53 120.18 Td (are ) Tj ET Q q 0 0 0 rg BT 156.17 120.18 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 200.49 120.18 Td (for ) Tj ET Q q 0 0 0 rg BT 211.90 120.18 Td (cash ) Tj ET Q q 0 0 0 rg BT 230.87 120.18 Td (or) Tj ET Q q 0 0 0 rg BT 237.54 120.18 Td (, ) Tj ET Q q 0 0 0 rg BT 241.84 120.18 Td (at ) Tj ET Q q 0 0 0 rg BT 250.59 120.18 Td (NSA's ) Tj ET Q q 0 0 0 rg BT 274.64 120.18 Td (option, ) Tj ET Q q 0 0 0 rg BT 300.73 120.18 Td (exchangeable ) Tj ET Q q 0 0 0 rg BT 352.62 120.18 Td (for ) Tj ET Q q 0 0 0 rg BT 364.03 120.18 Td (common ) Tj ET Q q 0 0 0 rg BT 396.78 120.18 Td (shares ) Tj ET Q q 0 0 0 rg BT 422.87 120.18 Td (on ) Tj ET Q q 0 0 0 rg BT 433.84 120.18 Td (a ) Tj ET Q q 0 0 0 rg BT 440.36 120.18 Td (one-for-one ) Tj ET Q q 0 0 0 rg BT 483.80 120.18 Td (basis ) Tj ET Q q 0 0 0 rg BT 504.55 120.18 Td (and ) Tj ET Q q 0 0 0 rg BT 519.97 120.18 Td (DownREIT) Tj ET Q q 0 0 0 rg BT 558.50 120.18 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.00 112.18 Td (OP) Tj ET Q q 0 0 0 rg BT 76.41 112.18 Td ( ) Tj ET Q q 0 0 0 rg BT 78.90 112.18 Td (units ) Tj ET Q q 0 0 0 rg BT 98.28 112.18 Td (are ) Tj ET Q q 0 0 0 rg BT 112.33 112.18 Td (also ) Tj ET Q q 0 0 0 rg BT 129.49 112.18 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 174.22 112.18 Td (for ) Tj ET Q q 0 0 0 rg BT 186.04 112.18 Td (cash ) Tj ET Q q 0 0 0 rg BT 205.43 112.18 Td (or) Tj ET Q q 0 0 0 rg BT 212.10 112.18 Td (, ) Tj ET Q q 0 0 0 rg BT 216.80 112.18 Td (at ) Tj ET Q q 0 0 0 rg BT 225.96 112.18 Td (NSA's ) Tj ET Q q 0 0 0 rg BT 250.42 112.18 Td (option, ) Tj ET Q q 0 0 0 rg BT 276.93 112.18 Td (exchangeable ) Tj ET Q q 0 0 0 rg BT 329.23 112.18 Td (for ) Tj ET Q q 0 0 0 rg BT 341.05 112.18 Td (OP) Tj ET Q q 0 0 0 rg BT 352.46 112.18 Td ( ) Tj ET Q q 0 0 0 rg BT 354.95 112.18 Td (units ) Tj ET Q q 0 0 0 rg BT 374.33 112.18 Td (in ) Tj ET Q q 0 0 0 rg BT 383.04 112.18 Td (our ) Tj ET Q q 0 0 0 rg BT 397.09 112.18 Td (operating ) Tj ET Q q 0 0 0 rg BT 432.93 112.18 Td (partnership ) Tj ET Q q 0 0 0 rg BT 475.44 112.18 Td (on ) Tj ET Q q 0 0 0 rg BT 486.82 112.18 Td (a ) Tj ET Q q 0 0 0 rg BT 493.76 112.18 Td (one-for-one ) Tj ET Q q 0 0 0 rg BT 537.60 112.18 Td (basis, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.00 104.18 Td (subject ) Tj ET Q q 0 0 0 rg BT 92.09 104.18 Td (to ) Tj ET Q q 0 0 0 rg BT 100.51 104.18 Td (certain ) Tj ET Q q 0 0 0 rg BT 126.27 104.18 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 171.15 104.18 Td (in ) Tj ET Q q 0 0 0 rg BT 179.12 104.18 Td (each ) Tj ET Q q 0 0 0 rg BT 198.21 104.18 Td (case. ) Tj ET Q q 0 0 0 rg BT 219.08 104.18 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 268.42 104.18 Td (performance ) Tj ET Q q 0 0 0 rg BT 315.08 104.18 Td (units, ) Tj ET Q q 0 0 0 rg BT 335.95 104.18 Td (DownREIT) Tj ET Q q 0 0 0 rg BT 374.48 104.18 Td ( ) Tj ET Q q 0 0 0 rg BT 376.22 104.18 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 424.23 104.18 Td (performance ) Tj ET Q q 0 0 0 rg BT 470.88 104.18 Td (units, ) Tj ET Q q 0 0 0 rg BT 491.75 104.18 Td (and ) Tj ET Q q 0 0 0 rg BT 506.84 104.18 Td (L) Tj ET Q q 0 0 0 rg BT 510.70 104.18 Td (TIP) Tj ET Q q 0 0 0 rg BT 523.00 104.18 Td ( ) Tj ET Q q 0 0 0 rg BT 524.75 104.18 Td (units ) Tj ET Q q 0 0 0 rg BT 543.39 104.18 Td (may ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.00 96.18 Td (also, ) Tj ET Q q 0 0 0 rg BT 85.52 96.18 Td (under ) Tj ET Q q 0 0 0 rg BT 109.60 96.18 Td (certain ) Tj ET Q q 0 0 0 rg BT 137.24 96.18 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 194.21 96.18 Td (be ) Tj ET Q q 0 0 0 rg BT 206.73 96.18 Td (convertible ) Tj ET Q q 0 0 0 rg BT 249.04 96.18 Td (into ) Tj ET Q q 0 0 0 rg BT 265.56 96.18 Td (or ) Tj ET Q q 0 0 0 rg BT 276.30 96.18 Td (exchangeable ) Tj ET Q q 0 0 0 rg BT 329.74 96.18 Td (for ) Tj ET Q q 0 0 0 rg BT 342.70 96.18 Td (common ) Tj ET Q q 0 0 0 rg BT 377.00 96.18 Td (shares ) Tj ET Q q 0 0 0 rg BT 404.63 96.18 Td (\(or ) Tj ET Q q 0 0 0 rg BT 418.03 96.18 Td (other ) Tj ET Q q 0 0 0 rg BT 439.89 96.18 Td (units ) Tj ET Q q 0 0 0 rg BT 460.41 96.18 Td (that ) Tj ET Q q 0 0 0 rg BT 477.38 96.18 Td (are ) Tj ET Q q 0 0 0 rg BT 492.56 96.18 Td (convertible ) Tj ET Q q 0 0 0 rg BT 534.87 96.18 Td (into ) Tj ET Q q 0 0 0 rg BT 551.39 96.18 Td (or ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.00 88.18 Td (exchangeable ) Tj ET Q q 0 0 0 rg BT 117.66 88.18 Td (for ) Tj ET Q q 0 0 0 rg BT 129.83 88.18 Td (common ) Tj ET Q q 0 0 0 rg BT 163.35 88.18 Td (shares\). ) Tj ET Q q 0 0 0 rg BT 195.09 88.18 Td (See ) Tj ET Q q 0 0 0 rg BT 212.16 88.18 Td (footnote ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 243.91 91.99 Td (\(4\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 250.27 88.18 Td ( ) Tj ET Q q 0 0 0 rg BT 253.11 88.18 Td (for ) Tj ET Q q 0 0 0 rg BT 265.28 88.18 Td (additional ) Tj ET Q q 0 0 0 rg BT 302.37 88.18 Td (discussion ) Tj ET Q q 0 0 0 rg BT 342.56 88.18 Td (of ) Tj ET Q q 0 0 0 rg BT 352.07 88.18 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 401.17 88.18 Td (performance ) Tj ET Q q 0 0 0 rg BT 448.92 88.18 Td (units, ) Tj ET Q q 0 0 0 rg BT 470.88 88.18 Td (DownREIT) Tj ET Q q 0 0 0 rg BT 509.41 88.18 Td ( ) Tj ET Q q 0 0 0 rg BT 512.25 88.18 Td (subordinated ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.00 80.18 Td (performance ) Tj ET Q q 0 0 0 rg BT 112.13 80.18 Td (units, ) Tj ET Q q 0 0 0 rg BT 133.48 80.18 Td (and ) Tj ET Q q 0 0 0 rg BT 149.05 80.18 Td (L) Tj ET Q q 0 0 0 rg BT 152.90 80.18 Td (TIP) Tj ET Q q 0 0 0 rg BT 165.20 80.18 Td ( ) Tj ET Q q 0 0 0 rg BT 167.43 80.18 Td (units ) Tj ET Q q 0 0 0 rg BT 186.55 80.18 Td (in ) Tj ET Q q 0 0 0 rg BT 195.00 80.18 Td (the ) Tj ET Q q 0 0 0 rg BT 208.34 80.18 Td (calculation ) Tj ET Q q 0 0 0 rg BT 248.36 80.18 Td (of ) Tj ET Q q 0 0 0 rg BT 257.26 80.18 Td (FFO ) Tj ET Q q 0 0 0 rg BT 275.48 80.18 Td (and ) Tj ET Q q 0 0 0 rg BT 291.05 80.18 Td (Core ) Tj ET Q q 0 0 0 rg BT 310.61 80.18 Td (FFO ) Tj ET Q q 0 0 0 rg BT 328.83 80.18 Td (per ) Tj ET Q q 0 0 0 rg BT 342.61 80.18 Td (share ) Tj ET Q q 0 0 0 rg BT 364.85 80.18 Td (and ) Tj ET Q q 0 0 0 rg BT 380.42 80.18 Td (unit.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 67.18 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 63.48 67.18 Td ( ) Tj ET Q q 0 0 0 rg BT 65.67 67.18 Td (L) Tj ET Q q 0 0 0 rg BT 69.53 67.18 Td (TIP) Tj ET Q q 0 0 0 rg BT 81.83 67.18 Td ( ) Tj ET Q q 0 0 0 rg BT 84.03 67.18 Td (units ) Tj ET Q q 0 0 0 rg BT 103.12 67.18 Td (have ) Tj ET Q q 0 0 0 rg BT 122.67 67.18 Td (been ) Tj ET Q q 0 0 0 rg BT 142.66 67.18 Td (excluded ) Tj ET Q q 0 0 0 rg BT 176.88 67.18 Td (from ) Tj ET Q q 0 0 0 rg BT 195.08 67.18 Td (the ) Tj ET Q q 0 0 0 rg BT 208.40 67.18 Td (calculations ) Tj ET Q q 0 0 0 rg BT 252.40 67.18 Td (of ) Tj ET Q q 0 0 0 rg BT 261.27 67.18 Td (weighted ) Tj ET Q q 0 0 0 rg BT 295.49 67.18 Td (average ) Tj ET Q q 0 0 0 rg BT 326.60 67.18 Td (shares ) Tj ET Q q 0 0 0 rg BT 352.81 67.18 Td (and ) Tj ET Q q 0 0 0 rg BT 368.35 67.18 Td (units ) Tj ET Q q 0 0 0 rg BT 387.45 67.18 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 431.01 67.18 Td (prior ) Tj ET Q q 0 0 0 rg BT 449.22 67.18 Td (to ) Tj ET Q q 0 0 0 rg BT 457.65 67.18 Td (April ) Tj ET Q q 0 0 0 rg BT 475.85 67.18 Td (28, ) Tj ET Q q 0 0 0 rg BT 489.17 67.18 Td (2015 ) Tj ET Q q 0 0 0 rg BT 509.16 67.18 Td (because ) Tj ET Q q 0 0 0 rg BT 541.61 67.18 Td (such ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.00 59.18 Td (units ) Tj ET Q q 0 0 0 rg BT 84.12 59.18 Td (did ) Tj ET Q q 0 0 0 rg BT 97.02 59.18 Td (not ) Tj ET Q q 0 0 0 rg BT 110.36 59.18 Td (participate ) Tj ET Q q 0 0 0 rg BT 149.50 59.18 Td (in ) Tj ET Q q 0 0 0 rg BT 157.95 59.18 Td (distributions ) Tj ET Q q 0 0 0 rg BT 202.86 59.18 Td (prior ) Tj ET Q q 0 0 0 rg BT 221.08 59.18 Td (to ) Tj ET Q q 0 0 0 rg BT 229.98 59.18 Td (the ) Tj ET Q q 0 0 0 rg BT 243.32 59.18 Td (Company) Tj ET Q q 0 0 0 rg BT 279.19 59.18 Td (s ) Tj ET Q q 0 0 0 rg BT 285.41 59.18 Td (initial ) Tj ET Q q 0 0 0 rg BT 305.87 59.18 Td (public ) Tj ET Q q 0 0 0 rg BT 328.99 59.18 Td (of) Tj ET Q q 0 0 0 rg BT 335.52 59.18 Td (fering.) 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626.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 601.5 m 478 601.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478 601.5 m 482 601.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 601.5 m 562 601.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 587.5 m 478 587.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 587.5 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 398 505.5 m 478 505.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 505.5 m 562 505.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 505.5 m 562 505.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 475.5 m 478 475.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 461.5 m 478 461.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 459.5 m 478 459.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 475.5 m 562 475.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 461.5 m 562 461.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482 459.5 m 562 459.5 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 51.50 631.12 Td (Reconciliation of Earnings \(Loss\) Per Share to FFO and Core FFO Per Share and Unit) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.95 613.45 Td (Three Months Ended) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 458.70 604.45 Td (March 31,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 427.45 591.90 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 511.45 591.90 Td (2015) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 51.50 576.90 Td (Earnings \(loss\) per share - diluted) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.50 576.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.60 576.90 Td (0.07) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.50 576.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 549.15 576.90 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 60.50 562.90 Td (Impact of the dif) Tj ET Q q 0 0 0 rg BT 124.37 562.90 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 309.98 567.19 Td (\(4\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 456.60 562.90 Td (0.03) 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 (Impact of GAAP) Tj ET Q q 0 0 0 rg BT 124.86 548.90 Td ( accounting for noncontrolling interests, two-class method and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 69.50 539.90 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 158.04 544.19 Td (\(5\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.15 539.90 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 537.60 539.90 Td (\(0.14) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 558.15 539.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 60.50 524.90 Td (Add real estate depreciation and amortization) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 456.60 524.90 Td (0.22) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 540.60 524.90 Td (0.48) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 60.50 509.90 Td (FFO attributable to subordinated performance unitholders) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 453.60 509.90 Td (\(0.09) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.15 509.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 537.60 509.90 Td (\(0.16) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 558.15 509.90 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.00 494.90 Td (FFO per share and unit) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.60 494.90 Td (0.23) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.60 494.90 Td (0.18) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 60.50 479.90 Td (Add acquisition costs and organizational and offering expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 456.60 479.90 Td (0.02) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 540.60 479.90 Td (0.03) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.00 464.90 Td (Core FFO per share and unit) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.50 464.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.60 464.90 Td (0.25) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.50 464.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.60 464.90 Td (0.21) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 156.18 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 63.28 156.18 Td ( ) Tj ET Q q 0 0 0 rg BT 64.89 156.18 Td (Adjustment ) Tj ET Q q 0 0 0 rg BT 106.92 156.18 Td (accounts ) Tj ET Q q 0 0 0 rg BT 140.94 156.18 Td (for ) Tj ET Q q 0 0 0 rg BT 152.28 156.18 Td (the ) Tj ET Q q 0 0 0 rg BT 165.41 156.18 Td (dif) Tj ET Q q 0 0 0 rg BT 173.71 156.18 Td (ference ) Tj ET Q q 0 0 0 rg BT 202.40 156.18 Td (between ) Tj ET Q q 0 0 0 rg BT 234.65 156.18 Td (the ) Tj ET Q q 0 0 0 rg BT 247.78 156.18 Td (weighted ) Tj ET Q q 0 0 0 rg BT 281.81 156.18 Td (average ) Tj ET Q q 0 0 0 rg BT 312.72 156.18 Td (number ) Tj ET Q q 0 0 0 rg BT 341.85 156.18 Td (of ) Tj ET Q q 0 0 0 rg BT 350.53 156.18 Td (shares ) Tj ET Q q 0 0 0 rg BT 376.55 156.18 Td (used ) Tj ET Q q 0 0 0 rg BT 395.90 156.18 Td (to ) Tj ET Q q 0 0 0 rg BT 404.58 156.18 Td (calculate ) Tj ET Q q 0 0 0 rg BT 438.16 156.18 Td (diluted ) Tj ET Q q 0 0 0 rg BT 463.74 156.18 Td (earnings ) Tj ET Q q 0 0 0 rg BT 496.43 156.18 Td (per ) Tj ET Q q 0 0 0 rg BT 510.00 156.18 Td (share ) Tj ET Q q 0 0 0 rg BT 532.02 156.18 Td (and ) Tj ET Q q 0 0 0 rg BT 547.37 156.18 Td (the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.00 148.18 Td (weighted ) Tj ET Q q 0 0 0 rg BT 99.22 148.18 Td (average ) Tj ET Q q 0 0 0 rg BT 130.33 148.18 Td (number ) Tj ET Q q 0 0 0 rg BT 159.65 148.18 Td (of ) Tj ET Q q 0 0 0 rg BT 168.52 148.18 Td (shares ) Tj ET Q q 0 0 0 rg BT 194.73 148.18 Td (used ) Tj ET Q q 0 0 0 rg BT 214.28 148.18 Td (to ) Tj ET Q q 0 0 0 rg BT 223.15 148.18 Td (calculate ) Tj ET Q q 0 0 0 rg BT 256.92 148.18 Td (FFO ) Tj ET Q q 0 0 0 rg BT 275.11 148.18 Td (and ) Tj ET Q q 0 0 0 rg BT 290.66 148.18 Td (Core ) Tj ET Q q 0 0 0 rg BT 310.19 148.18 Td (FFO ) Tj ET Q q 0 0 0 rg BT 328.39 148.18 Td (per ) Tj ET Q q 0 0 0 rg BT 342.15 148.18 Td (share ) Tj ET Q q 0 0 0 rg BT 364.36 148.18 Td (and ) Tj ET Q q 0 0 0 rg BT 379.90 148.18 Td (unit. ) Tj ET Q q 0 0 0 rg BT 397.22 148.18 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 424.32 148.18 Td (earnings ) Tj ET Q q 0 0 0 rg BT 457.21 148.18 Td (per ) Tj ET Q q 0 0 0 rg BT 470.97 148.18 Td (share ) Tj ET Q q 0 0 0 rg BT 493.18 148.18 Td (is ) Tj ET Q q 0 0 0 rg BT 501.15 148.18 Td (calculated ) Tj ET Q q 0 0 0 rg BT 539.37 148.18 Td (using ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.00 140.18 Td (the ) Tj ET Q q 0 0 0 rg BT 78.49 140.18 Td (two-class ) Tj ET Q q 0 0 0 rg BT 114.19 140.18 Td (method ) Tj ET Q q 0 0 0 rg BT 143.24 140.18 Td (for ) Tj ET Q q 0 0 0 rg BT 154.94 140.18 Td (the ) Tj ET Q q 0 0 0 rg BT 168.43 140.18 Td (company's ) Tj ET Q q 0 0 0 rg BT 208.78 140.18 Td (restricted ) Tj ET Q q 0 0 0 rg BT 244.04 140.18 Td (common ) Tj ET Q q 0 0 0 rg BT 277.08 140.18 Td (shares, ) Tj ET Q q 0 0 0 rg BT 305.68 140.18 Td (the ) Tj ET Q q 0 0 0 rg BT 319.17 140.18 Td (treasury ) Tj ET Q q 0 0 0 rg BT 350.43 140.18 Td (stock ) Tj ET Q q 0 0 0 rg BT 371.47 140.18 Td (method ) Tj ET Q q 0 0 0 rg BT 400.52 140.18 Td (for ) Tj ET Q q 0 0 0 rg BT 412.22 140.18 Td (certain ) Tj ET Q q 0 0 0 rg BT 438.59 140.18 Td (unvested ) Tj ET Q q 0 0 0 rg BT 473.43 140.18 Td (L) Tj ET Q q 0 0 0 rg BT 477.28 140.18 Td (TIP) Tj ET Q q 0 0 0 rg BT 489.58 140.18 Td ( ) Tj ET Q q 0 0 0 rg BT 491.95 140.18 Td (units, ) Tj ET Q q 0 0 0 rg BT 513.43 140.18 Td (and ) Tj ET Q q 0 0 0 rg BT 529.15 140.18 Td (includes ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.00 132.18 Td (the ) Tj ET Q q 0 0 0 rg BT 77.94 132.18 Td (assumption ) Tj ET Q q 0 0 0 rg BT 120.66 132.18 Td (of ) Tj ET Q q 0 0 0 rg BT 129.15 132.18 Td (a ) Tj ET Q q 0 0 0 rg BT 135.41 132.18 Td (hypothetical ) Tj ET Q q 0 0 0 rg BT 179.92 132.18 Td (conversion ) Tj ET Q q 0 0 0 rg BT 220.42 132.18 Td (of ) Tj ET Q q 0 0 0 rg BT 228.91 132.18 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 276.98 132.18 Td (performance ) Tj ET Q q 0 0 0 rg BT 323.71 132.18 Td (units ) Tj ET Q q 0 0 0 rg BT 342.42 132.18 Td (and ) Tj ET Q q 0 0 0 rg BT 357.58 132.18 Td (DownREIT) Tj ET Q q 0 0 0 rg BT 396.11 132.18 Td ( ) Tj ET Q q 0 0 0 rg BT 397.93 132.18 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 446.00 132.18 Td (performance ) Tj ET Q q 0 0 0 rg BT 492.72 132.18 Td (units ) Tj ET Q q 0 0 0 rg BT 511.44 132.18 Td (into ) Tj ET Q q 0 0 0 rg BT 526.15 132.18 Td (OP) Tj ET Q q 0 0 0 rg BT 537.56 132.18 Td ( ) Tj ET Q q 0 0 0 rg BT 539.38 132.18 Td (units, ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.00 124.18 Td (even ) Tj ET Q q 0 0 0 rg BT 84.11 124.18 Td (though ) Tj ET Q q 0 0 0 rg BT 110.34 124.18 Td (such ) Tj ET Q q 0 0 0 rg BT 129.00 124.18 Td (units ) Tj ET Q q 0 0 0 rg BT 147.66 124.18 Td (may ) Tj ET Q q 0 0 0 rg BT 164.53 124.18 Td (only ) Tj ET Q q 0 0 0 rg BT 180.97 124.18 Td (be ) Tj ET Q q 0 0 0 rg BT 191.63 124.18 Td (convertible ) Tj ET Q q 0 0 0 rg BT 232.08 124.18 Td (into ) Tj ET Q q 0 0 0 rg BT 246.74 124.18 Td (OP) Tj ET Q q 0 0 0 rg BT 258.15 124.18 Td ( ) Tj ET Q q 0 0 0 rg BT 259.91 124.18 Td (units ) Tj ET Q q 0 0 0 rg BT 278.57 124.18 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 287.44 124.18 Td (after ) Tj ET Q q 0 0 0 rg BT 305.21 124.18 Td (a ) Tj ET Q q 0 0 0 rg BT 311.42 124.18 Td (lock-out ) Tj ET Q q 0 0 0 rg BT 341.19 124.18 Td (period ) Tj ET Q q 0 0 0 rg BT 365.19 124.18 Td (and ) Tj ET Q q 0 0 0 rg BT 380.30 124.18 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 390.94 124.18 Td (upon ) Tj ET Q q 0 0 0 rg BT 410.50 124.18 Td (certain ) Tj ET Q q 0 0 0 rg BT 436.28 124.18 Td (events ) Tj ET Q q 0 0 0 rg BT 461.61 124.18 Td (or ) Tj ET Q q 0 0 0 rg BT 470.48 124.18 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 510.49 124.18 Td (For ) Tj ET Q q 0 0 0 rg BT 524.25 124.18 Td (additional ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.00 116.18 Td (information ) Tj ET Q q 0 0 0 rg BT 106.42 116.18 Td (around ) Tj ET Q q 0 0 0 rg BT 133.17 116.18 Td (the ) Tj ET Q q 0 0 0 rg BT 146.13 116.18 Td (conversion ) Tj ET Q q 0 0 0 rg BT 186.66 116.18 Td (of ) Tj ET Q q 0 0 0 rg BT 195.17 116.18 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 243.27 116.18 Td (performance ) Tj ET Q q 0 0 0 rg BT 290.02 116.18 Td (units ) Tj ET Q q 0 0 0 rg BT 308.76 116.18 Td (and ) Tj ET Q q 0 0 0 rg BT 323.95 116.18 Td (DownREIT) Tj ET Q q 0 0 0 rg BT 362.48 116.18 Td ( ) Tj ET Q q 0 0 0 rg BT 364.32 116.18 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 412.42 116.18 Td (performance ) Tj ET Q q 0 0 0 rg BT 459.17 116.18 Td (units ) Tj ET Q q 0 0 0 rg BT 477.91 116.18 Td (into ) Tj ET Q q 0 0 0 rg BT 492.65 116.18 Td (OP) Tj ET Q q 0 0 0 rg BT 504.06 116.18 Td ( ) Tj ET Q q 0 0 0 rg BT 505.90 116.18 Td (units, ) Tj ET Q q 0 0 0 rg BT 526.86 116.18 Td (see ) Tj ET Q q 0 0 0 rg BT 541.60 116.18 Td (Note ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.00 108.18 Td (8 ) Tj ET Q q 0 0 0 rg BT 71.02 108.18 Td (in ) Tj ET Q q 0 0 0 rg BT 78.81 108.18 Td (Item ) Tj ET Q q 0 0 0 rg BT 95.93 108.18 Td (1 ) Tj ET Q q 0 0 0 rg BT 101.95 108.18 Td (to ) Tj ET Q q 0 0 0 rg BT 110.19 108.18 Td (the ) Tj ET Q q 0 0 0 rg BT 122.87 108.18 Td (Company's ) Tj ET Q q 0 0 0 rg BT 164.20 108.18 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 198.67 108.18 Td (Report ) Tj ET Q q 0 0 0 rg BT 224.25 108.18 Td (on ) Tj ET Q q 0 0 0 rg BT 234.71 108.18 Td (Form ) Tj ET Q q 0 0 0 rg BT 254.94 108.18 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 274.29 108.18 Td (for ) Tj ET Q q 0 0 0 rg BT 285.19 108.18 Td (the ) Tj ET Q q 0 0 0 rg BT 297.88 108.18 Td (three ) Tj ET Q q 0 0 0 rg BT 317.68 108.18 Td (months ) Tj ET Q q 0 0 0 rg BT 345.48 108.18 Td (ended ) Tj ET Q q 0 0 0 rg BT 369.29 108.18 Td (March ) Tj ET Q q 0 0 0 rg BT 393.08 108.18 Td (31, ) Tj ET Q q 0 0 0 rg BT 405.77 108.18 Td (2016. ) Tj ET Q q 0 0 0 rg BT 427.26 108.18 Td (The ) Tj ET Q q 0 0 0 rg BT 442.61 108.18 Td (computation ) Tj ET Q q 0 0 0 rg BT 487.75 108.18 Td (of ) Tj ET Q q 0 0 0 rg BT 495.99 108.18 Td (weighted ) Tj ET Q q 0 0 0 rg BT 529.58 108.18 Td (average ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.00 100.18 Td (shares ) Tj ET Q q 0 0 0 rg BT 90.70 100.18 Td (and ) Tj ET Q q 0 0 0 rg BT 105.74 100.18 Td (units ) Tj ET Q q 0 0 0 rg BT 124.33 100.18 Td (for ) Tj ET Q q 0 0 0 rg BT 135.36 100.18 Td (FFO ) Tj ET Q q 0 0 0 rg BT 153.04 100.18 Td (and ) Tj ET Q q 0 0 0 rg BT 168.08 100.18 Td (Core ) Tj ET Q q 0 0 0 rg BT 187.11 100.18 Td (FFO ) Tj ET Q q 0 0 0 rg BT 204.80 100.18 Td (per ) Tj ET Q q 0 0 0 rg BT 218.05 100.18 Td (share ) Tj ET Q q 0 0 0 rg BT 239.76 100.18 Td (and ) Tj ET Q q 0 0 0 rg BT 254.80 100.18 Td (unit ) Tj ET Q q 0 0 0 rg BT 269.38 100.18 Td (includes ) Tj ET Q q 0 0 0 rg BT 300.43 100.18 Td (all ) Tj ET Q q 0 0 0 rg BT 310.12 100.18 Td (restricted ) Tj ET Q q 0 0 0 rg BT 344.71 100.18 Td (common ) Tj ET Q q 0 0 0 rg BT 377.08 100.18 Td (shares ) Tj ET Q q 0 0 0 rg BT 402.78 100.18 Td (and ) Tj ET Q q 0 0 0 rg BT 417.82 100.18 Td (L) Tj ET Q q 0 0 0 rg BT 421.67 100.18 Td (TIP) Tj ET Q q 0 0 0 rg BT 433.98 100.18 Td ( ) Tj ET Q q 0 0 0 rg BT 435.67 100.18 Td (units ) Tj ET Q q 0 0 0 rg BT 454.26 100.18 Td (that ) Tj ET Q q 0 0 0 rg BT 469.29 100.18 Td (participate ) Tj ET Q q 0 0 0 rg BT 507.89 100.18 Td (in ) Tj ET Q q 0 0 0 rg BT 515.81 100.18 Td (distributions ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.00 92.18 Td (and ) Tj ET Q q 0 0 0 rg BT 80.83 92.18 Td (excludes ) Tj ET Q q 0 0 0 rg BT 114.89 92.18 Td (all ) Tj ET Q q 0 0 0 rg BT 125.37 92.18 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 174.12 92.18 Td (performance ) Tj ET Q q 0 0 0 rg BT 221.51 92.18 Td (units ) Tj ET Q q 0 0 0 rg BT 240.89 92.18 Td (and ) Tj ET Q q 0 0 0 rg BT 256.72 92.18 Td (DownREIT) Tj ET Q q 0 0 0 rg BT 295.25 92.18 Td ( ) Tj ET Q q 0 0 0 rg BT 297.73 92.18 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 346.48 92.18 Td (performance ) Tj ET Q q 0 0 0 rg BT 393.87 92.18 Td (units ) Tj ET Q q 0 0 0 rg BT 413.25 92.18 Td (because ) Tj ET Q q 0 0 0 rg BT 445.98 92.18 Td (their ) Tj ET Q q 0 0 0 rg BT 464.02 92.18 Td (ef) Tj ET Q q 0 0 0 rg BT 470.55 92.18 Td (fect ) Tj ET Q q 0 0 0 rg BT 485.93 92.18 Td (has ) Tj ET Q q 0 0 0 rg BT 501.31 92.18 Td (been ) Tj ET Q q 0 0 0 rg BT 521.59 92.18 Td (accounted ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.00 84.18 Td (for ) Tj ET Q q 0 0 0 rg BT 76.56 84.18 Td (through ) Tj ET Q q 0 0 0 rg BT 105.91 84.18 Td (the ) Tj ET Q q 0 0 0 rg BT 119.26 84.18 Td (allocation ) Tj ET Q q 0 0 0 rg BT 155.28 84.18 Td (of ) Tj ET Q q 0 0 0 rg BT 164.18 84.18 Td (FFO ) Tj ET Q q 0 0 0 rg BT 182.39 84.18 Td (to ) Tj ET Q q 0 0 0 rg BT 191.29 84.18 Td (the ) Tj ET Q q 0 0 0 rg BT 204.63 84.18 Td (related ) Tj ET Q q 0 0 0 rg BT 231.32 84.18 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 272.68 84.18 Td (based ) Tj ET Q q 0 0 0 rg BT 296.70 84.18 Td (on ) Tj ET Q q 0 0 0 rg BT 307.82 84.18 Td (distributions ) Tj ET Q q 0 0 0 rg BT 352.73 84.18 Td (declared.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 70.18 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 63.48 70.18 Td ( ) Tj ET Q q 0 0 0 rg BT 65.67 70.18 Td (Represents ) Tj ET Q q 0 0 0 rg BT 108.78 70.18 Td (the ) Tj ET Q q 0 0 0 rg BT 122.10 70.18 Td (ef) Tj ET Q q 0 0 0 rg BT 128.63 70.18 Td (fect ) Tj ET Q q 0 0 0 rg BT 143.72 70.18 Td (of ) Tj ET Q q 0 0 0 rg BT 152.59 70.18 Td (adjusting ) Tj ET Q q 0 0 0 rg BT 186.81 70.18 Td (the ) Tj ET Q q 0 0 0 rg BT 200.13 70.18 Td (numerator ) Tj ET Q q 0 0 0 rg BT 238.79 70.18 Td (to ) Tj ET Q q 0 0 0 rg BT 247.66 70.18 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 294.78 70.18 Td (net ) Tj ET Q q 0 0 0 rg BT 308.10 70.18 Td (income ) Tj ET Q q 0 0 0 rg BT 336.08 70.18 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 357.83 70.18 Td (prior ) Tj ET Q q 0 0 0 rg BT 376.04 70.18 Td (to ) Tj ET Q q 0 0 0 rg BT 384.91 70.18 Td (GAAP) Tj ET Q q 0 0 0 rg BT 406.99 70.18 Td ( ) Tj ET Q q 0 0 0 rg BT 409.19 70.18 Td (allocations ) Tj ET Q q 0 0 0 rg BT 449.19 70.18 Td (for ) Tj ET Q q 0 0 0 rg BT 460.72 70.18 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 512.73 70.18 Td (interests ) Tj ET Q q 0 0 0 rg BT 545.16 70.18 Td (and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 65.00 62.18 Td (the ) Tj ET Q q 0 0 0 rg BT 78.34 62.18 Td (application ) Tj ET Q q 0 0 0 rg BT 118.82 62.18 Td (of ) Tj ET Q q 0 0 0 rg BT 127.71 62.18 Td (the ) Tj ET Q q 0 0 0 rg BT 141.05 62.18 Td (two-class ) Tj ET Q q 0 0 0 rg BT 176.62 62.18 Td (method ) Tj ET Q q 0 0 0 rg BT 205.52 62.18 Td (and ) Tj ET Q q 0 0 0 rg BT 221.09 62.18 Td (treasury ) Tj ET Q q 0 0 0 rg BT 252.21 62.18 Td (stock ) Tj ET Q q 0 0 0 rg BT 273.11 62.18 Td (method, ) Tj ET Q q 0 0 0 rg BT 304.24 62.18 Td (as ) Tj ET Q q 0 0 0 rg BT 314.91 62.18 Td (described ) Tj ET Q q 0 0 0 rg BT 351.82 62.18 Td (in ) Tj ET Q q 0 0 0 rg BT 360.27 62.18 Td (footnote ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 391.41 65.99 Td (\(4\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 397.76 62.18 Td (.) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 57.00 0 0 47.00 50.00 732.50 cm /I12 Do Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.80 33.25 Td (1) Tj ET Q q 0 0 0 rg BT 305.62 33.25 Td (1) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 607.50 359.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 607.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 607.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 607.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 579.50 359.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 579.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 579.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 579.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 551.50 359.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 551.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 551.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 551.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 523.50 359.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 523.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 523.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 523.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 495.50 359.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 495.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 495.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 495.50 75.00 -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 408 704.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 408 704.5 m 483 704.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 483 704.5 m 487 704.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 487 704.5 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 49 646.5 m 408 646.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 408 646.5 m 483 646.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 483 646.5 m 487 646.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 487 646.5 m 562 646.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 621.5 m 483 621.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 621.5 m 487 621.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 621.5 m 562 621.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 607.5 m 483 607.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 607.5 m 562 607.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 607.5 m 483 607.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 607.5 m 562 607.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 495.5 m 483 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 495.5 m 562 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 495.5 m 483 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 482.5 m 483 482.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 480.5 m 483 480.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 495.5 m 562 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 482.5 m 562 482.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 480.5 m 562 480.5 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 709.12 Td (Supplemental Schedule 2) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 690.72 Td (Other Non-GAAP Financial Measurements) 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 51.50 651.12 Td (Net Operating Income) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 439.95 633.45 Td (Three Months Ended) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 463.70 624.45 Td (March 31,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.95 611.90 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.95 611.90 Td (2015) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 51.50 597.90 Td (Net income \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 410.50 597.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.95 597.90 Td (4,802) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 489.50 597.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.95 597.90 Td (\(2,771) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 558.50 597.90 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 583.90 Td (Add:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 60.50 569.90 Td (General and administrative expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 456.95 569.90 Td (4,335) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.95 569.90 Td (3,613) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 60.50 555.90 Td (Depreciation and amortization) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.95 555.90 Td (10,892) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.95 555.90 Td (9,877) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 60.50 541.90 Td (Interest expense) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 456.95 541.90 Td (4,941) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.95 541.90 Td (6,982) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 60.50 527.90 Td (Acquisition costs) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 456.95 527.90 Td (1,288) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.45 527.90 Td (599) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 60.50 513.90 Td (Organizational and offering expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.50 513.90 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.45 513.90 Td (58) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 60.50 499.90 Td (Non-operating expense) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.45 499.90 Td (114) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.45 499.90 Td (91) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.00 485.90 Td (Net Operating Income) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 410.50 485.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 451.95 485.90 Td (26,372) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 489.50 485.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 530.95 485.90 Td (18,449) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 402.50 359.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 402.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 402.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 402.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 374.50 359.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 374.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 374.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 374.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 346.50 359.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 346.50 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 346.50 4.00 -14.00 re f 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432.00 228.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 228.50 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 228.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 228.50 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 556.00 228.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 560.00 228.50 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 618.00 228.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 622.00 228.50 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 680.00 228.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 684.00 228.50 58.00 -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 49 524.5 m 184 524.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 184 524.5 m 188 524.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 188 524.5 m 246 524.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 246 524.5 m 250 524.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 250 524.5 m 308 524.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 308 524.5 m 312 524.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 312 524.5 m 370 524.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 370 524.5 m 374 524.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 524.5 m 432 524.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 432 524.5 m 436 524.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 436 524.5 m 494 524.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 494 524.5 m 498 524.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 498 524.5 m 556 524.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 556 524.5 m 560 524.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 560 524.5 m 618 524.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 618 524.5 m 622 524.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 622 524.5 m 680 524.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 680 524.5 m 684 524.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 684 524.5 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 49 465.5 m 184 465.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 184 465.5 m 188 465.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 188 465.5 m 246 465.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 246 465.5 m 250 465.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 250 465.5 m 308 465.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 308 465.5 m 312 465.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 312 465.5 m 370 465.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 370 465.5 m 374 465.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 465.5 m 432 465.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 432 465.5 m 436 465.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 436 465.5 m 494 465.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 494 465.5 m 498 465.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 498 465.5 m 556 465.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 556 465.5 m 560 465.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 560 465.5 m 618 465.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 618 465.5 m 622 465.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 622 465.5 m 680 465.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 680 465.5 m 684 465.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 684 465.5 m 742 465.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188 438.5 m 246 438.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250 438.5 m 308 438.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312 438.5 m 370 438.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 438.5 m 432 438.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 438.5 m 494 438.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 438.5 m 556 438.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 560 438.5 m 618 438.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 622 438.5 m 680 438.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 680 438.5 m 684 438.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 684 438.5 m 742 438.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 424.5 m 184 424.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188 438.5 m 246 438.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188 424.5 m 246 424.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246 438.5 m 250 438.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250 438.5 m 308 438.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250 424.5 m 308 424.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312 438.5 m 370 438.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312 424.5 m 370 424.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 438.5 m 374 438.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 438.5 m 432 438.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 424.5 m 432 424.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 438.5 m 494 438.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 424.5 m 494 424.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 438.5 m 498 438.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 438.5 m 556 438.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 424.5 m 556 424.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 560 438.5 m 618 438.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 560 424.5 m 618 424.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 618 438.5 m 622 438.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 622 438.5 m 680 438.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 622 424.5 m 680 424.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 680 438.5 m 684 438.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 684 438.5 m 742 438.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 684 424.5 m 742 424.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312 424.5 m 370 424.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 424.5 m 432 424.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 424.5 m 494 424.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 424.5 m 556 424.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 560 424.5 m 618 424.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 622 424.5 m 680 424.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 684 424.5 m 742 424.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188 228.5 m 246 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250 228.5 m 308 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312 228.5 m 370 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 228.5 m 432 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 228.5 m 494 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 228.5 m 556 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 560 228.5 m 618 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 622 228.5 m 680 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 684 228.5 m 742 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188 228.5 m 246 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188 215.5 m 246 215.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188 213.5 m 246 213.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250 228.5 m 308 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250 215.5 m 308 215.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250 213.5 m 308 213.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312 228.5 m 370 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312 215.5 m 370 215.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312 213.5 m 370 213.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 228.5 m 432 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 215.5 m 432 215.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 213.5 m 432 213.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 228.5 m 494 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 215.5 m 494 215.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 213.5 m 494 213.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 228.5 m 556 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 215.5 m 556 215.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 213.5 m 556 213.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 560 228.5 m 618 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 560 215.5 m 618 215.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 560 213.5 m 618 213.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 622 228.5 m 680 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 622 215.5 m 680 215.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 622 213.5 m 680 213.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 684 228.5 m 742 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 684 215.5 m 742 215.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 684 213.5 m 742 213.5 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 51.50 510.72 Td (Self Storage Property Portfolio) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 497.90 Td (\(dollars in thousands\) \(unaudited\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.50 470.12 Td (Total Portfolio) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 203.20 451.90 Td (Stores at Period End) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 226.70 442.90 Td (March 31,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 329.95 451.90 Td (Units at Period End ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 350.70 442.90 Td (March 31,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.20 451.90 Td (Rentable Square Feet at) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 449.70 442.90 Td (Period End March 31,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 573.95 442.90 Td (Occupancy at Period End March 31,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 104.95 428.90 Td (State) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 206.45 428.90 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 268.45 428.90 Td (2015) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 330.45 428.90 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 392.45 428.90 Td (2015) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 454.45 428.90 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 516.45 428.90 Td (2015) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 578.45 428.90 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 640.45 428.90 Td (2015) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 696.75 428.90 Td (Growth) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 414.90 Td (Oregon) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 232.45 414.90 Td (50) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 294.45 414.90 Td (50) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 338.95 414.90 Td (20,210) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 400.95 414.90 Td (19,654) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 450.45 414.90 Td (2,523,318) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 512.45 414.90 Td (2,467,545) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 591.90 414.90 Td (92.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 609.45 414.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 653.90 414.90 Td (90.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 671.45 414.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 717.90 414.90 Td (1.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 733.45 414.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 400.90 Td (Texas) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 232.45 400.90 Td (49) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 294.45 400.90 Td (45) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 338.95 400.90 Td (18,952) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 400.95 400.90 Td (17,503) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 450.45 400.90 Td (2,691,717) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 512.45 400.90 Td (2,472,261) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 591.90 400.90 Td (87.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 609.45 400.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 653.90 400.90 Td (82.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 671.45 400.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 717.90 400.90 Td (5.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 733.45 400.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 386.90 Td (California) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 232.45 386.90 Td (48) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 294.45 386.90 Td (28) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 338.95 386.90 Td (27,843) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 400.95 386.90 Td (16,429) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 450.45 386.90 Td (3,550,061) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 512.45 386.90 Td (1,978,159) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 591.90 386.90 Td (90.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 609.45 386.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 653.90 386.90 Td (84.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 671.45 386.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 717.90 386.90 Td (6.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 733.45 386.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 372.90 Td (North Carolina) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 232.45 372.90 Td (30) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 294.45 372.90 Td (19) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 338.95 372.90 Td (13,442) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 405.95 372.90 Td (8,163) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 450.45 372.90 Td (1,655,156) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 519.95 372.90 Td (973,183) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 591.90 372.90 Td (85.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 609.45 372.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 653.90 372.90 Td (81.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 671.45 372.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 717.90 372.90 Td (3.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 733.45 372.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 358.90 Td (Oklahoma) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 232.45 358.90 Td (29) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 294.45 358.90 Td (26) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 338.95 358.90 Td (13,563) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 400.95 358.90 Td (12,230) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 450.45 358.90 Td (1,842,667) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 512.45 358.90 Td (1,630,324) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 591.90 358.90 Td (87.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 609.45 358.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 653.90 358.90 Td (86.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 671.45 358.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 717.90 358.90 Td (1.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 733.45 358.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 344.90 Td (Georgia) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 232.45 344.90 Td (19) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 294.45 344.90 Td (16) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 343.95 344.90 Td (6,363) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 405.95 344.90 Td (5,289) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 457.95 344.90 Td (835,208) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 519.95 344.90 Td (676,891) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 591.90 344.90 Td (93.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 609.45 344.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 653.90 344.90 Td (88.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 671.45 344.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 717.90 344.90 Td (5.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 733.45 344.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 330.90 Td (Washington) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 232.45 330.90 Td (14) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 294.45 330.90 Td (13) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 343.95 330.90 Td (4,825) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 405.95 330.90 Td (4,517) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 457.95 330.90 Td (611,150) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 519.95 330.90 Td (569,902) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 591.90 330.90 Td (92.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 609.45 330.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 653.90 330.90 Td (89.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 671.45 330.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 717.90 330.90 Td (2.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 733.45 330.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 316.90 Td (Arizona) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 232.45 316.90 Td (13) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 294.45 316.90 Td (10) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 343.95 316.90 Td (7,295) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 405.95 316.90 Td (5,943) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 457.95 316.90 Td (836,017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 519.95 316.90 Td (657,815) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 591.90 316.90 Td (85.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 609.45 316.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 653.90 316.90 Td (78.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 671.45 316.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 717.90 316.90 Td (7.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 733.45 316.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 302.90 Td (Colorado) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 237.45 302.90 Td (9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 299.45 302.90 Td (8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 343.95 302.90 Td (4,132) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 405.95 302.90 Td (3,741) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 457.95 302.90 Td (503,696) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 519.95 302.90 Td (453,166) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 591.90 302.90 Td (94.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 609.45 302.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 653.90 302.90 Td (88.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 671.45 302.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 717.90 302.90 Td (5.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 733.45 302.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 288.90 Td (New Hampshire) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 237.45 288.90 Td (9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 299.45 288.90 Td (3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 343.95 288.90 Td (3,677) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 405.95 288.90 Td (1,333) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 457.95 288.90 Td (444,375) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 519.95 288.90 Td (165,850) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 591.90 288.90 Td (88.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 609.45 288.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 653.90 288.90 Td (94.2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 671.45 288.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 714.90 288.90 Td (\(5.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 730.50 288.90 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 274.90 Td (Indiana) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 237.45 274.90 Td (6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 295.50 274.90 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 343.95 274.90 Td (3,168) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 419.50 274.90 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 457.95 274.90 Td (463,166) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.50 274.90 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 591.90 274.90 Td (83.6) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 609.45 274.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 662.40 274.90 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 721.50 274.90 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 260.90 Td (Louisiana) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 237.45 260.90 Td (5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 295.50 260.90 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 343.95 260.90 Td (2,192) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 419.50 260.90 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 457.95 260.90 Td (298,710) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.50 260.90 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 591.90 260.90 Td (81.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 609.45 260.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 662.40 260.90 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 721.50 260.90 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 246.90 Td (South Carolina) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 237.45 246.90 Td (4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 299.45 246.90 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 343.95 246.90 Td (1,210) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 413.45 246.90 Td (486) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 457.95 246.90 Td (147,530) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.95 246.90 Td (50,750) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 591.90 246.90 Td (93.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 609.45 246.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 653.90 246.90 Td (94.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 671.45 246.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 714.90 246.90 Td (\(1.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 730.50 246.90 Td (\)%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 232.90 Td (Other) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 74.01 237.19 Td (\(1\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 237.45 232.90 Td (8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 299.45 232.90 Td (5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 343.95 232.90 Td (3,254) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 405.95 232.90 Td (2,192) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 457.95 232.90 Td (435,847) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 519.95 232.90 Td (294,488) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 591.90 232.90 Td (90.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 609.45 232.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 653.90 232.90 Td (68.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 671.45 232.90 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 712.90 232.90 Td (21.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 733.45 232.90 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 218.90 Td (Total/Weighted Average) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 227.45 218.90 Td (293) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 289.45 218.90 Td (225) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 333.95 218.90 Td (130,126) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 400.95 218.90 Td (97,480) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 445.45 218.90 Td (16,838,618) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.45 218.90 Td (12,390,334) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 591.90 218.90 Td (89.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 609.45 218.90 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 653.90 218.90 Td (85.5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 671.45 218.90 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 717.90 218.90 Td (3.9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 733.45 218.90 Td (%) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 116.50 120.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.00 116.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.00 116.50 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.00 116.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.00 116.50 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.00 116.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 116.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.00 116.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 116.50 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 116.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 116.50 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 116.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.00 116.50 91.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 592.00 116.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 596.00 116.50 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 660.00 116.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 664.00 116.50 75.00 -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 50 161.5 m 170 161.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 170 161.5 m 174 161.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 174 161.5 m 228 161.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 228 161.5 m 232 161.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 232 161.5 m 286 161.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 286 161.5 m 290 161.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 290 161.5 m 348 161.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 348 161.5 m 352 161.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 352 161.5 m 418 161.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418 161.5 m 422 161.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 422 161.5 m 497 161.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 497 161.5 m 501 161.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 501 161.5 m 592 161.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 592 161.5 m 596 161.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 596 161.5 m 660 161.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 660 161.5 m 664 161.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 664 161.5 m 739 161.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352 143.5 m 418 143.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 143.5 m 422 143.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 143.5 m 497 143.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 143.5 m 501 143.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 143.5 m 592 143.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 592 143.5 m 596 143.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 596 143.5 m 660 143.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 143.5 m 592 143.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 596 143.5 m 660 143.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 116.5 m 170 116.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 174 116.5 m 228 116.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232 116.5 m 286 116.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 116.5 m 348 116.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352 116.5 m 418 116.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 116.5 m 497 116.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 596 116.5 m 660 116.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 664 116.5 m 739 116.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352 116.5 m 418 116.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 116.5 m 497 116.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501 116.5 m 592 116.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 592 116.5 m 596 116.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 596 116.5 m 660 116.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 664 116.5 m 739 116.5 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 166.12 Td (2016 Acquisition Activity) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.20 129.90 Td (Acquisitions Closed) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.95 120.90 Td (During the Quarter Ended:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 447.95 147.90 Td (Summary of Consideration) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 186.45 120.90 Td (Stores) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 247.25 120.90 Td (Units) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 299.45 129.90 Td (Rentable) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.70 120.90 Td (Square Feet) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.05 129.90 Td (Value of OP) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 445.20 120.90 Td (Equity) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 503.90 129.90 Td 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rg BT 465.95 105.90 Td (19,068) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 503.50 105.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 565.95 105.90 Td (5,861) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 598.50 105.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 641.40 105.90 Td (584) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 666.50 105.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 707.90 105.90 Td (88,813) Tj ET Q BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 63.73 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 64.50 63.73 Td ( ) Tj ET Q q 0 0 0 rg BT 66.72 63.73 Td ( ) Tj ET Q q 0 0 0 rg BT 68.95 63.73 Td (Other ) Tj ET Q q 0 0 0 rg BT 91.18 63.73 Td (states ) Tj ET Q q 0 0 0 rg BT 114.74 63.73 Td (in ) Tj ET Q q 0 0 0 rg BT 123.19 63.73 Td (our ) Tj ET Q q 0 0 0 rg BT 136.98 63.73 Td (total ) Tj ET Q q 0 0 0 rg BT 154.32 63.73 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 185.00 63.73 Td (as ) Tj ET Q q 0 0 0 rg BT 195.68 63.73 Td (of ) Tj ET Q q 0 0 0 rg BT 204.57 63.73 Td (March ) Tj ET Q q 0 0 0 rg BT 229.02 63.73 Td (31, ) Tj ET Q q 0 0 0 rg BT 242.36 63.73 Td (2016 ) Tj ET Q q 0 0 0 rg BT 262.38 63.73 Td (include ) Tj ET Q q 0 0 0 rg BT 289.96 63.73 Td (Florida, ) Tj ET Q q 0 0 0 rg BT 318.86 63.73 Td (Kentucky) Tj ET Q q 0 0 0 rg BT 351.17 63.73 Td (, ) Tj ET Q q 0 0 0 rg BT 355.61 63.73 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 396.51 63.73 Td (and ) Tj ET Q q 0 0 0 rg BT 412.08 63.73 Td (Nevada.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 51.18 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 64.50 51.18 Td ( ) Tj ET Q q 0 0 0 rg BT 66.72 51.18 Td ( ) Tj ET Q q 0 0 0 rg BT 68.95 51.18 Td (NSA) Tj ET Q q 0 0 0 rg BT 84.95 51.18 Td ( ) Tj ET Q q 0 0 0 rg BT 87.18 51.18 Td (acquired ) Tj ET Q q 0 0 0 rg BT 120.09 51.18 Td (self ) Tj ET Q q 0 0 0 rg BT 134.76 51.18 Td (storage ) Tj ET Q q 0 0 0 rg BT 163.66 51.18 Td (properties ) Tj ET Q q 0 0 0 rg BT 201.46 51.18 Td (located ) Tj ET Q q 0 0 0 rg BT 229.48 51.18 Td (in ) Tj ET Q q 0 0 0 rg BT 237.93 51.18 Td (Colorado, ) Tj ET Q q 0 0 0 rg BT 274.84 51.18 Td (Georgia, ) Tj ET Q q 0 0 0 rg BT 307.75 51.18 Td (Indiana, ) Tj ET Q q 0 0 0 rg BT 338.44 51.18 Td (New ) Tj ET Q q 0 0 0 rg BT 356.66 51.18 Td (Hampshire, ) Tj ET Q q 0 0 0 rg BT 399.79 51.18 Td (Oklahoma ) Tj ET Q q 0 0 0 rg BT 438.47 51.18 Td (and ) Tj ET Q q 0 0 0 rg BT 453.90 51.18 Td (T) Tj ET Q q 0 0 0 rg BT 457.90 51.18 Td (exas ) Tj ET Q q 0 0 0 rg BT 477.02 51.18 Td (during ) Tj ET Q q 0 0 0 rg BT 501.48 51.18 Td (the ) Tj ET Q q 0 0 0 rg BT 514.82 51.18 Td (quarter ) Tj ET Q q 0 0 0 rg BT 542.39 51.18 Td (ended ) Tj ET Q q 0 0 0 rg BT 566.86 51.18 Td (March ) Tj ET Q q 0 0 0 rg BT 591.31 51.18 Td (31, ) Tj ET Q q 0 0 0 rg BT 604.66 51.18 Td (2016.) 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BT 271.75 441.81 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 386.75 441.81 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 453.50 441.81 Td ($) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 545.40 441.81 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 428.81 Td (2016 3Q) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 271.75 428.81 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 386.75 428.81 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 545.40 428.81 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 415.81 Td (2016 4Q) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 263.90 415.81 Td (2.45%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 381.30 415.81 Td (1.1%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 532.60 415.86 Td (6,892) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 402.81 Td (Total Remainder of 2016) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 263.90 402.81 Td (2.45%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 381.30 402.81 Td (1.1%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 532.60 402.86 Td (6,892) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 375.81 Td (2017 1Q) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 263.90 375.81 Td (2.06%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 378.90 375.81 Td (42.9%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 523.15 375.81 Td (270,612) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 362.81 Td (2017 2Q) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 271.75 362.81 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 386.75 362.81 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 545.40 362.81 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 349.81 Td (2017 3Q) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 263.90 349.81 Td (2.55%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 381.30 349.81 Td (0.3%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 532.60 349.86 Td (1,907) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 336.81 Td (2017 4Q) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 271.75 336.81 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 386.75 336.81 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 545.40 336.81 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 323.81 Td (Total 2017) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 263.90 323.81 Td (2.06%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 378.90 323.81 Td (43.2%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 523.15 323.81 Td (272,519) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 296.81 Td (2018) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 263.90 296.81 Td (2.75%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 378.90 296.81 Td (32.6%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 523.15 296.81 Td (206,182) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 283.81 Td (2019) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 271.75 283.81 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 386.75 283.81 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 545.40 283.81 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 270.81 Td (2020) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 263.90 270.81 Td (3.71%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 381.30 270.81 Td (6.3%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 527.90 270.81 Td (39,747) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 257.81 Td (2021) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 263.90 257.81 Td (5.00%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 381.30 257.81 Td (0.6%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 532.60 257.86 Td (4,080) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 244.81 Td (2022) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 271.75 244.81 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 386.75 244.81 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 545.40 244.81 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 231.81 Td (2023) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 263.90 231.81 Td (4.44%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 378.90 231.81 Td (12.9%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 527.90 231.81 Td (81,676) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 218.81 Td (2024) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 263.90 218.81 Td (4.21%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 381.30 218.81 Td (3.3%) Tj ET Q BT /F2 8.50 Tf 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0 rg BT 51.50 106.81 Td (Net Debt to Annualized Current Quarter Adjusted EBITDA) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 385.05 106.81 Td (n/a) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 497.95 106.81 Td (6.9x) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 93.81 Td (Trailing Twelve Month Fixed Charge Coverage Ratio) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 379.30 93.81 Td (> 1.5x) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 497.95 93.81 Td (3.7x) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 80.81 Td (Total Leverage Ratio) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 375.25 80.81 Td (< 60.0%) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 493.90 80.81 Td (42.8%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 453.50 67.50 Td (.) 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gs 460.00 447.50 102.00 -16.00 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 49 626.5 m 354 626.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 354 626.5 m 456 626.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 456 626.5 m 460 626.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 460 626.5 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 354 607.5 m 456 607.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 607.5 m 562 607.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 607.5 m 456 607.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 607.5 m 562 607.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 575.5 m 456 575.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 575.5 m 562 575.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 527.5 m 456 527.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 527.5 m 562 527.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 463.5 m 456 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 463.5 m 562 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 463.5 m 456 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 463.5 m 562 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 447.5 m 456 447.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 432.5 m 456 432.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354 430.5 m 456 430.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 447.5 m 562 447.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 432.5 m 562 432.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 430.5 m 562 430.5 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, 2016) 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 51.50 631.12 Td (Equity Interests) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 378.00 611.90 Td (Outstanding) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 484.20 611.90 Td (If Converted) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 595.81 Td (Common shares of beneficial interest) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 409.60 595.86 Td (23,004,751) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 515.60 595.86 Td (23,004,751) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 579.81 Td (Restricted shares) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 426.15 579.81 Td (19,090) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 532.15 579.81 Td (19,090) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 60.50 563.81 Td (Total shares outstanding) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 409.60 563.86 Td (23,023,841) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 515.60 563.86 Td (23,023,841) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 547.81 Td (Operating partnership units) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 409.60 547.86 Td (22,528,274) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 515.60 547.86 Td (22,528,274) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 531.81 Td (DownREIT operating partnership unit equivalents) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 414.30 531.86 Td (1,834,786) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 520.30 531.86 Td (1,834,786) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 60.50 515.81 Td (Total operating partnership units) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 409.60 515.86 Td (24,363,060) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 515.60 515.86 Td (24,363,060) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 60.50 499.81 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 184.24 503.87 Td ( \(2\)) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 414.30 499.86 Td (2,550,237) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 520.30 499.86 Td (2,550,237) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 483.81 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 174.83 487.87 Td (\(3\)) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 414.30 483.86 Td (9,441,708) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 515.60 483.86 Td (12,368,637) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 467.81 Td (DownREIT) Tj ET Q q 0 0 0 rg BT 92.44 467.81 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 257.83 471.87 Td (\(3\)) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 414.30 467.86 Td (4,386,999) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 520.30 467.86 Td (5,746,969) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 60.50 451.81 Td (Total subordinated partnership units) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 409.60 451.86 Td (13,828,707) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 515.60 451.86 Td (18,115,606) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 69.50 435.81 Td (Total shares and units outstanding) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 409.60 435.86 Td (63,765,845) Tj ET Q BT /F3 8.50 Tf ET q 0 0 0 rg BT 515.60 435.86 Td (68,052,744) Tj ET Q BT /F1 10.00 Tf ET BT /F2 7.50 Tf ET q 0 0 0 rg BT 51.50 116.54 Td (\(2\) Balances exclude 397,600 long term incentive plan units which only vest and participate in dividend distributions upon the future contribution of) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 65.00 109.04 Td (properties from the PROs.) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 51.50 97.54 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 90.04 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 82.54 Td (hypothetical basis into an estimated 1.31 OP units based on historical financial information for the trailing twelve months ended March 31, 2016. The) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 65.00 75.04 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 67.54 Td (of the CAD per OP unit over the same period. We anticipate that as our CAD grows over time, the conversion ratio will also grow, including to levels) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 65.00 60.04 Td (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 390.40 24.25 Td (15) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 40.00 434.50 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 106.00 434.50 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 139.00 434.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 143.00 434.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.00 434.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.00 434.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.00 434.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.00 434.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 434.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.00 434.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 434.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 434.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 434.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 434.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 434.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 434.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 434.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 434.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 547.00 434.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 551.00 434.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 598.00 434.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 602.00 434.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 649.00 434.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 653.00 434.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 700.00 434.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 704.00 434.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 40.00 408.50 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 106.00 408.50 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 139.00 408.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 143.00 408.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.00 408.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.00 408.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.00 408.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.00 408.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 408.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.00 408.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 408.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 408.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 408.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 408.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 408.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 408.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 408.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 408.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 547.00 408.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 551.00 408.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 598.00 408.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 602.00 408.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 649.00 408.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 653.00 408.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 700.00 408.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 704.00 408.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 40.00 382.50 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 106.00 382.50 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 139.00 382.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 143.00 382.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.00 382.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.00 382.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.00 382.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.00 382.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 382.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.00 382.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 382.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 382.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 382.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 382.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 382.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 382.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 382.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 382.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 547.00 382.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 551.00 382.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 598.00 382.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 602.00 382.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 649.00 382.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 653.00 382.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 700.00 382.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 704.00 382.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 40.00 356.50 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 106.00 356.50 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 139.00 356.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 143.00 356.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.00 356.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.00 356.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.00 356.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.00 356.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 356.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.00 356.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 356.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 356.50 47.00 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0.8 0.9333333333333333 1 rg /GS0 gs 704.00 356.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 40.00 330.50 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 106.00 330.50 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 139.00 330.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 143.00 330.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.00 330.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.00 330.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.00 330.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.00 330.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 330.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.00 330.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 330.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 330.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 330.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 330.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 330.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 330.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 330.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 330.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 547.00 330.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 551.00 330.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 598.00 330.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 602.00 330.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 649.00 330.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 653.00 330.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 700.00 330.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 704.00 330.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 40.00 304.50 66.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 106.00 304.50 33.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 139.00 304.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 143.00 304.50 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.00 304.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 194.00 304.50 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.00 304.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.00 304.50 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 304.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.00 304.50 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.00 304.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.00 304.50 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.00 304.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.00 304.50 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.00 304.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 304.50 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 304.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 304.50 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 547.00 304.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 551.00 304.50 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 598.00 304.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 602.00 304.50 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 649.00 304.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 653.00 304.50 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 700.00 304.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 704.00 304.50 47.00 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282.5 m 241 282.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 304.5 m 292 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 284.5 m 292 284.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 282.5 m 292 282.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296 304.5 m 343 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296 284.5 m 343 284.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296 282.5 m 343 282.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 304.5 m 394 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 284.5 m 394 284.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 282.5 m 394 282.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 304.5 m 445 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 284.5 m 445 284.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398 282.5 m 445 282.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 304.5 m 496 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 284.5 m 496 284.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 282.5 m 496 282.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 304.5 m 547 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 284.5 m 547 284.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 282.5 m 547 282.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 551 304.5 m 598 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 551 284.5 m 598 284.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 551 282.5 m 598 282.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 602 304.5 m 649 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 602 284.5 m 649 284.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 602 282.5 m 649 282.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 653 304.5 m 700 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 653 284.5 m 700 284.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 653 282.5 m 700 282.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 704 304.5 m 751 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 704 284.5 m 751 284.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 704 282.5 m 751 282.5 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 42.50 529.12 Td (Supplemental Schedule 5) 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, 2016 compared to Three Months Ended March 31, 2015) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 189.95 452.73 Td (Total Revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 331.30 452.73 Td (Operating Expenses) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 481.40 452.73 Td (Net Operating Income) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 620.20 452.73 Td (Net Operating Income Margin) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 42.50 438.73 Td (State) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 109.55 438.73 Td (Stores) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 150.65 438.73 Td (1Q 2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 201.65 438.73 Td (1Q 2015) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 254.00 438.73 Td (Growth) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 303.65 438.73 Td (1Q 2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.65 438.73 Td (1Q 2015) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 407.00 438.73 Td (Growth) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 456.65 438.73 Td (1Q 2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.65 438.73 Td (1Q 2015) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 560.00 438.73 Td (Growth) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 609.65 438.73 Td (1Q 2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 660.65 438.73 Td (1Q 2015) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 713.00 438.73 Td (Growth) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 42.50 425.73 Td (Oregon) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 126.90 425.73 Td (49) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 145.50 425.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 166.75 425.73 Td (7,249) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 196.50 425.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 217.75 425.78 Td (6,419) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.75 425.73 Td (12.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.35 425.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 298.50 425.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.75 425.78 Td (2,040) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.50 425.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.75 425.78 Td (1,972) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.55 425.73 Td (3.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.30 425.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.50 425.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.75 425.78 Td (5,209) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.50 425.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.75 425.78 Td (4,447) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 574.75 425.73 Td (17.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 590.35 425.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 625.75 425.73 Td (71.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 641.35 425.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 676.75 425.73 Td (69.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 692.35 425.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 729.55 425.73 Td (2.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 743.35 425.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 42.50 412.73 Td (Texas) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 126.90 412.73 Td (45) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 166.75 412.73 Td (5,038) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 217.75 412.78 Td (4,809) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 273.20 412.73 Td (4.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.35 412.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.75 412.78 Td (1,977) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.75 412.78 Td (1,836) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.55 412.73 Td (7.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.30 412.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.75 412.78 Td (3,061) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.75 412.78 Td (2,973) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 579.20 412.73 Td (3.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 590.35 412.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 625.75 412.73 Td (60.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 641.35 412.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 676.75 412.73 Td (61.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 692.35 412.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 726.90 412.73 Td (\(1.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 740.70 412.73 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 42.50 399.73 Td (California) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 126.90 399.73 Td (27) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 166.75 399.73 Td (6,287) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 217.75 399.78 Td (5,634) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.75 399.73 Td (11.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.35 399.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.75 399.78 Td (2,031) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.75 399.78 Td (1,883) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.55 399.73 Td (7.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.30 399.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.75 399.78 Td (4,256) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.75 399.78 Td (3,751) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 574.75 399.73 Td (13.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 590.35 399.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 625.75 399.73 Td (67.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 641.35 399.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 676.75 399.73 Td (66.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 692.35 399.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 729.55 399.73 Td (1.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 743.35 399.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 42.50 386.73 Td (Oklahoma) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 126.90 386.73 Td (25) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 166.75 386.73 Td (2,977) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 217.75 386.78 Td (2,863) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 273.20 386.73 Td (4.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.35 386.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.45 386.78 Td (990) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.45 386.78 Td (961) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.55 386.73 Td (3.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.30 386.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.75 386.78 Td (1,987) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.75 386.78 Td (1,902) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 579.20 386.73 Td (4.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 590.35 386.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 625.75 386.73 Td (66.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 641.35 386.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 676.75 386.73 Td (66.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 692.35 386.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 729.55 386.73 Td (0.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 743.35 386.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 42.50 373.73 Td (North Carolina) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 126.90 373.73 Td (19) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 166.75 373.73 Td (1,997) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 217.75 373.78 Td (1,950) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 273.20 373.73 Td (2.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.35 373.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.45 373.78 Td (674) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.45 373.78 Td (689) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.90 373.73 Td (\(2.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.70 373.73 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.75 373.78 Td (1,323) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.75 373.78 Td (1,261) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 579.20 373.73 Td (4.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 590.35 373.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 625.75 373.73 Td (66.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 641.35 373.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 676.75 373.73 Td (64.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 692.35 373.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 729.55 373.73 Td (1.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 743.35 373.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 42.50 360.73 Td (Georgia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 126.90 360.73 Td (16) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 166.75 360.73 Td (1,336) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 217.75 360.78 Td (1,202) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.75 360.73 Td (11.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.35 360.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.45 360.78 Td (560) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.45 360.78 Td (544) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.55 360.73 Td (2.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.30 360.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.45 360.78 Td (776) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.45 360.78 Td (658) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 574.75 360.73 Td (17.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 590.35 360.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 625.75 360.73 Td (58.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 641.35 360.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 676.75 360.73 Td (54.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 692.35 360.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 729.55 360.73 Td (3.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 743.35 360.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 42.50 347.73 Td (Washington) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 126.90 347.73 Td (13) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 166.75 347.73 Td (1,568) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 217.75 347.78 Td (1,397) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.75 347.73 Td (12.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.35 347.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.45 347.78 Td (481) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.45 347.78 Td (459) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.55 347.73 Td (4.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.30 347.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.75 347.78 Td (1,087) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.45 347.78 Td (938) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 574.75 347.73 Td (15.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 590.35 347.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 625.75 347.73 Td (69.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 641.35 347.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 676.75 347.73 Td (67.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 692.35 347.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 729.55 347.73 Td (2.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 743.35 347.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 42.50 334.73 Td (Arizona) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 126.90 334.73 Td (10) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 166.75 334.73 Td (1,758) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 217.75 334.78 Td (1,599) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 273.20 334.73 Td (9.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.35 334.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.45 334.78 Td (562) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.45 334.78 Td (531) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.55 334.73 Td (5.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.30 334.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 472.75 334.78 Td (1,196) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.75 334.78 Td (1,068) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 574.75 334.73 Td (12.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 590.35 334.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 625.75 334.73 Td (68.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 641.35 334.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 676.75 334.73 Td (66.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 692.35 334.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 729.55 334.73 Td (1.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 743.35 334.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 42.50 321.73 Td (Colorado) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 131.35 321.73 Td (8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 166.75 321.73 Td (1,204) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 217.75 321.78 Td (1,123) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 273.20 321.73 Td (7.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.35 321.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.45 321.78 Td (366) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.45 321.78 Td (360) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.55 321.73 Td (1.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.30 321.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.45 321.78 Td (838) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.45 321.78 Td (763) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 579.20 321.73 Td (9.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 590.35 321.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 625.75 321.73 Td (69.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 641.35 321.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 676.75 321.73 Td (67.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 692.35 321.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 729.55 321.73 Td (1.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 743.35 321.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 42.50 308.73 Td (Other) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 62.51 312.54 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 126.90 308.73 Td (10) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 166.75 308.73 Td (1,086) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 224.45 308.73 Td (970) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.75 308.73 Td (12.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.35 308.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.45 308.78 Td (460) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.45 308.78 Td (441) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 423.55 308.73 Td (4.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.30 308.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.45 308.78 Td (626) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.45 308.78 Td (529) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 574.75 308.73 Td (18.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 590.35 308.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 625.75 308.73 Td (57.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 641.35 308.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 676.75 308.73 Td (54.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 692.35 308.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 729.55 308.73 Td (3.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 743.35 308.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 42.50 295.73 Td (Total/Weighted) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 42.50 287.73 Td (Average) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 122.45 287.73 Td (222) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 145.50 287.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 162.30 287.73 Td (30,500) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 196.50 287.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 213.25 287.73 Td (27,966) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 273.20 287.73 Td (9.1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 284.35 287.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 298.50 287.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 315.30 287.78 Td (10,141) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.50 287.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.75 287.78 Td (9,676) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 423.55 287.73 Td (4.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 437.30 287.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 451.50 287.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.30 287.78 Td (20,359) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.50 287.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 519.30 287.78 Td (18,290) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 574.75 287.73 Td (11.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 590.35 287.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 625.75 287.73 Td (66.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 641.35 287.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 676.75 287.73 Td (65.4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 692.35 287.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 729.55 287.73 Td (1.4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 743.35 287.73 Td (%) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 110.00 215.50 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 176.00 215.50 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 215.50 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.00 215.50 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.00 215.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.00 215.50 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 215.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 215.50 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 215.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 215.50 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 215.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.00 215.50 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 565.00 215.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 569.00 215.50 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 623.00 215.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 627.00 215.50 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 110.00 189.50 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 176.00 189.50 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 189.50 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.00 189.50 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.00 189.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.00 189.50 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 189.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 189.50 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 189.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 189.50 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 189.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.00 189.50 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 565.00 189.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 569.00 189.50 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 623.00 189.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 627.00 189.50 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 110.00 163.50 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 176.00 163.50 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 163.50 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.00 163.50 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.00 163.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.00 163.50 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 163.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 163.50 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 163.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 163.50 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 163.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.00 163.50 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 565.00 163.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 569.00 163.50 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 623.00 163.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 627.00 163.50 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 110.00 137.50 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 176.00 137.50 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 137.50 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.00 137.50 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.00 137.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.00 137.50 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 137.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 137.50 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 137.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 137.50 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 137.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.00 137.50 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 565.00 137.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 569.00 137.50 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 623.00 137.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 627.00 137.50 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 110.00 111.50 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 176.00 111.50 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 111.50 52.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.00 111.50 67.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.00 111.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.00 111.50 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 111.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 111.50 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 111.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 111.50 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 111.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.00 111.50 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 565.00 111.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 569.00 111.50 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 623.00 111.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 627.00 111.50 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 110.00 85.50 66.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 176.00 85.50 38.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 85.50 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.00 85.50 67.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.00 85.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.00 85.50 54.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.00 85.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.00 85.50 54.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.00 85.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.00 85.50 54.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.00 85.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.00 85.50 54.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 565.00 85.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 569.00 85.50 54.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 623.00 85.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 627.00 85.50 54.00 -21.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 228.5 m 333 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 228.5 m 391 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 228.5 m 395 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 228.5 m 449 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 228.5 m 453 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 228.5 m 507 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 228.5 m 565 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 565 228.5 m 569 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 569 228.5 m 623 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 623 228.5 m 627 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 627 228.5 m 681 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 110 215.5 m 176 215.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176 215.5 m 214 215.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214 215.5 m 266 215.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 228.5 m 333 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 215.5 m 333 215.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 228.5 m 391 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 215.5 m 391 215.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 228.5 m 395 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 228.5 m 449 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 215.5 m 449 215.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449 228.5 m 453 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 228.5 m 507 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 215.5 m 507 215.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 228.5 m 565 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 215.5 m 565 215.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 565 228.5 m 569 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 569 228.5 m 623 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 569 215.5 m 623 215.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 623 228.5 m 627 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 627 228.5 m 681 228.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 627 215.5 m 681 215.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 110 215.5 m 176 215.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176 215.5 m 214 215.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214 215.5 m 266 215.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 215.5 m 333 215.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 215.5 m 391 215.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 215.5 m 449 215.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 215.5 m 507 215.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 215.5 m 565 215.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 569 215.5 m 623 215.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 627 215.5 m 681 215.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 110 85.5 m 176 85.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176 85.5 m 214 85.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214 85.5 m 266 85.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 85.5 m 333 85.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 110 85.5 m 176 85.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 110 65.5 m 176 65.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 110 63.5 m 176 63.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176 85.5 m 214 85.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176 65.5 m 214 65.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 176 63.5 m 214 63.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214 85.5 m 266 85.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214 65.5 m 266 65.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214 63.5 m 266 63.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 85.5 m 333 85.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 65.5 m 333 65.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 63.5 m 333 63.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 85.5 m 391 85.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 65.5 m 391 65.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 63.5 m 391 63.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 85.5 m 449 85.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 65.5 m 449 65.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395 63.5 m 449 63.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 85.5 m 507 85.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 65.5 m 507 65.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453 63.5 m 507 63.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 85.5 m 565 85.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 65.5 m 565 65.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 63.5 m 565 63.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 569 85.5 m 623 85.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 569 65.5 m 623 65.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 569 63.5 m 623 63.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 627 85.5 m 681 85.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 627 65.5 m 681 65.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 627 63.5 m 681 63.5 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 222.60 227.73 Td (Rentable) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 216.60 219.73 Td (Square Feet) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 283.35 264.73 Td (Average) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 277.65 256.73 Td (Annualized) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 268.95 248.73 Td (Rental Revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 273.40 240.73 Td (per Occupied) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 275.65 232.73 Td (Square Foot) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 373.00 232.73 Td (Occupancy at Period End) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 557.15 232.73 Td (Average Occupancy) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 112.50 219.73 Td (State) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 184.50 219.73 Td (Units) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 283.65 219.73 Td (1Q 2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.15 219.73 Td (1Q 2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 406.15 219.73 Td (1Q 2015) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 465.50 219.73 Td (Growth) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 522.15 219.73 Td (1Q 2016) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 580.15 219.73 Td (1Q 2015) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 639.50 219.73 Td (Growth) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 112.50 206.73 Td (Oregon) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 186.30 206.73 Td (19,644) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.20 206.73 Td (2,467,713) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.50 206.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 309.75 206.78 Td (12.62) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.75 206.78 Td (92.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.35 206.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.75 206.78 Td (90.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.35 206.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.20 206.73 Td (2.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.35 206.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.75 206.78 Td (92.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 557.35 206.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 599.75 206.78 Td (89.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 615.35 206.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 662.20 206.73 Td (2.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 673.35 206.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 112.50 193.73 Td (Texas) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 186.30 193.73 Td (17,472) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.20 193.73 Td (2,471,428) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.20 193.73 Td (9.02) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.75 193.78 Td (87.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.35 193.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.75 193.78 Td (82.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.35 193.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.20 193.73 Td (4.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.35 193.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.75 193.78 Td (87.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 557.35 193.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 599.75 193.78 Td (82.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 615.35 193.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 662.20 193.73 Td (5.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 673.35 193.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 112.50 180.73 Td (California) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 186.30 180.73 Td (15,888) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.20 180.73 Td (1,942,823) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 309.75 180.78 Td (13.56) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.75 180.78 Td (91.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.35 180.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.75 180.78 Td (84.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.35 180.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.20 180.73 Td (7.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.35 180.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.75 180.78 Td (90.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 557.35 180.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 599.75 180.78 Td (83.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 615.35 180.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 662.20 180.73 Td (7.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 673.35 180.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 112.50 167.73 Td (Oklahoma) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 186.30 167.73 Td (11,821) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 227.20 167.73 Td (1,573,897) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.20 167.73 Td (8.39) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.75 167.78 Td (88.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.35 167.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.75 167.78 Td (86.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.35 167.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.20 167.73 Td (1.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.35 167.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.75 167.78 Td (88.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 557.35 167.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 599.75 167.78 Td (86.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 615.35 167.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 662.20 167.73 Td (1.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 673.35 167.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 112.50 154.73 Td (North Carolina) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 190.75 154.73 Td (8,162) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.85 154.73 Td (973,283) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.20 154.73 Td (9.61) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.75 154.78 Td (83.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.35 154.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.75 154.78 Td (81.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.35 154.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.20 154.73 Td (1.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.35 154.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.75 154.78 Td (82.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 557.35 154.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 599.75 154.78 Td (81.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 615.35 154.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 662.20 154.73 Td (1.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 673.35 154.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 112.50 141.73 Td (Georgia) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 190.75 141.73 Td (5,280) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.85 141.73 Td (676,806) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.20 141.73 Td (8.19) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.75 141.78 Td (93.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.35 141.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.75 141.78 Td (88.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.35 141.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.20 141.73 Td (5.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.35 141.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.75 141.78 Td (93.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 557.35 141.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 599.75 141.78 Td (87.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 615.35 141.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 662.20 141.73 Td (5.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 673.35 141.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 112.50 128.73 Td (Washington) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 190.75 128.73 Td (4,513) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.85 128.73 Td (568,585) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 309.75 128.78 Td (11.82) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.75 128.78 Td (92.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.35 128.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.75 128.78 Td (89.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.35 128.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.20 128.73 Td (2.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.35 128.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.75 128.78 Td (92.0) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 557.35 128.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 599.75 128.78 Td (89.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 615.35 128.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 662.20 128.73 Td (2.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 673.35 128.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 112.50 115.73 Td (Arizona) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 190.75 115.73 Td (5,940) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.85 115.73 Td (657,815) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 309.75 115.78 Td (12.22) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.75 115.78 Td (84.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.35 115.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.75 115.78 Td (78.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.35 115.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.20 115.73 Td (6.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.35 115.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.75 115.78 Td (83.5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 557.35 115.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 599.75 115.78 Td (78.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 615.35 115.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 662.20 115.73 Td (5.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 673.35 115.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 112.50 102.73 Td (Colorado) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 190.75 102.73 Td (3,738) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.85 102.73 Td (453,166) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 309.75 102.78 Td (11.24) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.75 102.78 Td (94.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.35 102.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.75 102.78 Td (88.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.35 102.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.20 102.73 Td (5.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.35 102.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.75 102.78 Td (92.8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 557.35 102.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 599.75 102.78 Td (87.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 615.35 102.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 662.20 102.73 Td (5.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 673.35 102.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 112.50 89.73 Td (Other) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 132.51 93.54 Td (\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 190.75 89.73 Td (3,998) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 233.85 89.73 Td (511,791) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.20 89.73 Td (9.19) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.75 89.78 Td (91.9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.35 89.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.75 89.78 Td (79.6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.35 89.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 483.75 89.78 Td (12.3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.35 89.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 541.75 89.78 Td (90.4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 557.35 89.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 599.75 89.78 Td (78.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 615.35 89.73 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 657.75 89.73 Td (11.7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 673.35 89.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 112.50 76.73 Td (Total/Weighted) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 112.50 68.73 Td (Average) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 186.30 68.73 Td (96,456) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 222.75 68.73 Td (12,297,307) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 268.50 68.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 309.75 68.78 Td (10.80) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 367.75 68.78 Td (89.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 383.35 68.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 425.75 68.78 Td (85.5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 441.35 68.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 488.20 68.73 Td (4.3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 499.35 68.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 541.75 68.78 Td (89.2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 557.35 68.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 599.75 68.78 Td (84.8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg 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411.41 44.73 Td (Carolina.) 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3 M 408 630.5 m 483 630.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 642.5 m 487 642.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 642.5 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 487 630.5 m 562 630.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 613.5 m 408 613.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 613.5 m 483 613.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 613.5 m 487 613.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 613.5 m 562 613.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 558.5 m 408 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 558.5 m 483 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 558.5 m 487 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 558.5 m 562 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 512.5 m 483 512.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 512.5 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 408 512.5 m 483 512.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 498.5 m 483 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 512.5 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 487 498.5 m 562 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 438.5 m 408 438.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 438.5 m 483 438.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 438.5 m 487 438.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 438.5 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 408 392.5 m 483 392.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 392.5 m 562 392.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 392.5 m 483 392.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 378.5 m 483 378.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 392.5 m 562 392.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 378.5 m 562 378.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 355.5 m 408 355.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 355.5 m 483 355.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 355.5 m 487 355.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 355.5 m 562 355.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 309.5 m 483 309.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 309.5 m 562 309.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 309.5 m 483 309.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 295.5 m 483 295.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 309.5 m 562 309.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 295.5 m 562 295.5 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 51.50 690.72 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 439.95 655.90 Td (Three Months Ended) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 463.70 646.90 Td (March 31,) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 434.95 633.45 Td (2016) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 513.95 633.45 Td (2015) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 51.50 617.45 Td (Average Annualized Rental Revenue Per Occupied Square Foot) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 599.90 Td (Same store) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 410.50 599.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 456.95 599.90 Td (10.80) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.50 599.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.95 599.90 Td (10.39) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 585.90 Td (Total portfolio) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 410.50 585.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 456.95 585.90 Td (10.63) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.50 585.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.95 585.90 Td (10.41) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 51.50 562.45 Td (Total Portfolio Capital Expenditures) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 544.90 Td (Recurring capital expenditures) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 410.50 544.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.45 544.90 Td (512) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.50 544.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.45 544.90 Td (504) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 530.90 Td (Revenue enhancing capital expenditures) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.50 530.90 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.45 530.90 Td (287) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 516.90 Td (Acquisitions capital expenditures) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.45 516.90 Td (156) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 548.45 516.90 Td (87) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 60.50 502.90 Td (Total Portfolio Capital Expenditures) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 410.50 502.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.45 502.90 Td (668) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.50 502.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.45 502.90 Td (878) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 479.90 Td (Total portfolio square feet) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.95 479.90 Td (16,839) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 530.95 479.90 Td (12,390) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 51.50 465.90 Td (Recurring Capital Expenditures Per Square Foot) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 410.50 465.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.95 465.90 Td (0.03) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 489.50 465.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 540.95 465.90 Td (0.04) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 51.50 442.45 Td (Property Operating Expenses Detail) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 424.90 Td (Store payroll and related costs) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 410.50 424.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 456.95 424.90 Td (4,018) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.50 424.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.95 424.90 Td (2,913) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 410.90 Td (Property tax expense) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 456.95 410.90 Td (2,961) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.95 410.90 Td (2,163) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 396.90 Td (Other property operating expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 456.95 396.90 Td (6,298) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.95 396.90 Td (4,766) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 382.90 Td (Property operating expenses on our statements of operations) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 410.50 382.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 451.95 382.90 Td (13,277) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 489.50 382.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.95 382.90 Td (9,842) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 51.50 359.45 Td (General and Administrative Expenses Detail) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 341.90 Td (Supervisory and administrative expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 410.50 341.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 456.95 341.90 Td (2,221) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 489.50 341.90 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.95 341.90 Td (1,618) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 327.90 Td (Equity-based compensation expense) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.45 327.90 Td (598) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.45 327.90 Td (638) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 51.50 313.90 Td (Other general and administrative expenses) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 456.95 313.90 Td (1,516) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.95 313.90 Td (1,357) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 56.00 299.90 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 410.50 299.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.95 299.90 Td (4,335) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 489.50 299.90 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.95 299.90 Td (3,613) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 57.00 0 0 47.00 50.00 732.50 cm /I19 Do Q endstream endobj 41 0 obj <> endobj 42 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 (18) Tj ET Q BT /F2 22.00 Tf ET q 0 0 0 rg BT 49.50 704.00 Td (Glossary) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 48 685.5 m 151 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151 685.5 m 254 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 685.5 m 357 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 685.5 m 460 685.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 685.5 m 563 685.5 l s BT /F1 10.00 Tf ET BT /F5 10.50 Tf ET q 0 0 0 rg BT 49.50 670.40 Td (This ) Tj ET Q q 0 0 0 rg BT 71.98 670.40 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 116.06 670.40 Td (Release ) Tj ET Q q 0 0 0 rg BT 157.23 670.40 Td (and ) Tj ET Q q 0 0 0 rg BT 177.39 670.40 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 244.25 670.40 Td (Information ) Tj ET Q q 0 0 0 rg BT 299.42 670.40 Td (include ) Tj ET Q q 0 0 0 rg BT 335.34 670.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 369.50 670.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 410.67 670.40 Td (and ) Tj ET Q q 0 0 0 rg BT 430.83 670.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 477.26 670.40 Td (measures ) Tj ET Q q 0 0 0 rg BT 526.00 670.40 Td (used ) Tj ET Q q 0 0 0 rg BT 551.41 670.40 Td (by ) Tj ET Q BT /F5 10.50 Tf ET q 0 0 0 rg BT 49.50 657.80 Td (NSA) Tj ET Q q 0 0 0 rg BT 70.70 657.80 Td ( ) Tj ET Q q 0 0 0 rg BT 74.39 657.80 Td (management ) Tj ET Q q 0 0 0 rg BT 139.37 657.80 Td (that ) Tj ET Q q 0 0 0 rg BT 160.58 657.80 Td (are ) Tj ET Q q 0 0 0 rg BT 179.44 657.80 Td (not ) Tj ET Q q 0 0 0 rg BT 197.73 657.80 Td (calculated ) Tj ET Q q 0 0 0 rg BT 248.71 657.80 Td (in ) Tj ET Q q 0 0 0 rg BT 260.57 657.80 Td (accordance ) Tj ET Q q 0 0 0 rg BT 318.55 657.80 Td (with ) Tj ET Q q 0 0 0 rg BT 340.91 657.80 Td (accounting ) Tj ET Q q 0 0 0 rg BT 395.39 657.80 Td (principles ) Tj ET Q q 0 0 0 rg BT 443.44 657.80 Td (generally ) Tj ET Q q 0 0 0 rg BT 489.74 657.80 Td (accepted ) Tj ET Q q 0 0 0 rg BT 536.05 657.80 Td (in ) Tj ET Q q 0 0 0 rg BT 547.91 657.80 Td (the ) Tj ET Q BT /F5 10.50 Tf ET q 0 0 0 rg BT 49.50 645.20 Td (United ) Tj ET Q q 0 0 0 rg BT 82.08 645.20 Td (States, ) Tj ET Q q 0 0 0 rg BT 116.99 645.20 Td (or ) Tj ET Q q 0 0 0 rg BT 128.56 645.20 Td (GAAP) Tj ET Q q 0 0 0 rg BT 156.38 645.20 Td (. ) Tj ET Q q 0 0 0 rg BT 161.53 645.20 Td (NSA's ) Tj ET Q q 0 0 0 rg BT 192.60 645.20 Td (definitions ) Tj ET Q q 0 0 0 rg BT 242.11 645.20 Td (and ) Tj ET Q q 0 0 0 rg BT 261.86 645.20 Td (calculations ) Tj ET Q q 0 0 0 rg BT 318.95 645.20 Td (of ) Tj ET Q q 0 0 0 rg BT 329.94 645.20 Td (these ) Tj ET Q q 0 0 0 rg BT 357.85 645.20 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 407.66 645.20 Td ( ) Tj ET Q q 0 0 0 rg BT 409.89 645.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 450.64 645.20 Td (and ) Tj ET Q q 0 0 0 rg BT 470.39 645.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 516.40 645.20 Td (measures ) Tj ET Q BT /F5 10.50 Tf ET q 0 0 0 rg BT 49.50 632.60 Td (and ) Tj ET Q q 0 0 0 rg BT 70.66 632.60 Td (other ) Tj ET Q q 0 0 0 rg BT 98.24 632.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 128.14 632.60 Td (may ) Tj ET Q q 0 0 0 rg BT 151.62 632.60 Td (differ ) Tj ET Q q 0 0 0 rg BT 178.60 632.60 Td (from ) Tj ET Q q 0 0 0 rg BT 203.25 632.60 Td (the ) Tj ET Q q 0 0 0 rg BT 221.49 632.60 Td (definitions ) Tj ET Q q 0 0 0 rg BT 272.42 632.60 Td (and ) Tj ET Q q 0 0 0 rg BT 293.58 632.60 Td (methodologies ) Tj ET Q q 0 0 0 rg BT 365.52 632.60 Td (used ) Tj ET Q q 0 0 0 rg BT 391.94 632.60 Td (by ) Tj ET Q q 0 0 0 rg BT 406.67 632.60 Td (other ) Tj ET Q q 0 0 0 rg BT 434.25 632.60 Td (real ) Tj ET Q q 0 0 0 rg BT 455.40 632.60 Td (estate ) Tj ET Q q 0 0 0 rg BT 487.65 632.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 542.07 632.60 Td (and, ) Tj ET Q BT /F5 10.50 Tf ET q 0 0 0 rg BT 49.50 620.00 Td (accordingly) Tj ET Q q 0 0 0 rg BT 101.83 620.00 Td (, ) Tj ET Q q 0 0 0 rg BT 110.27 620.00 Td (may ) Tj ET Q q 0 0 0 rg BT 135.62 620.00 Td (not ) Tj ET Q q 0 0 0 rg BT 155.73 620.00 Td (be ) Tj ET Q q 0 0 0 rg BT 172.93 620.00 Td (comparable. ) Tj ET Q q 0 0 0 rg BT 236.23 620.00 Td (These ) Tj ET Q q 0 0 0 rg BT 270.93 620.00 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 320.73 620.00 Td ( ) Tj ET Q q 0 0 0 rg BT 326.25 620.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 370.29 620.00 Td (and ) Tj ET Q q 0 0 0 rg BT 393.33 620.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 442.63 620.00 Td (measures ) Tj ET Q q 0 0 0 rg BT 494.25 620.00 Td (should ) Tj ET Q q 0 0 0 rg BT 530.71 620.00 Td (not ) Tj ET Q q 0 0 0 rg BT 550.82 620.00 Td (be ) Tj ET Q BT /F5 10.50 Tf ET q 0 0 0 rg BT 49.50 607.40 Td (considered ) Tj ET Q q 0 0 0 rg BT 103.47 607.40 Td (an ) Tj ET Q q 0 0 0 rg BT 117.74 607.40 Td (alternative ) Tj ET Q q 0 0 0 rg BT 168.79 607.40 Td (to ) Tj ET Q q 0 0 0 rg BT 180.15 607.40 Td (GAAP) Tj ET Q q 0 0 0 rg BT 208.93 607.40 Td ( ) Tj ET Q q 0 0 0 rg BT 211.53 607.40 Td (net ) Tj ET Q q 0 0 0 rg BT 228.73 607.40 Td (income ) Tj ET Q q 0 0 0 rg BT 265.17 607.40 Td (or ) Tj ET Q q 0 0 0 rg BT 277.11 607.40 Td (any ) Tj ET Q q 0 0 0 rg BT 296.64 607.40 Td (other ) Tj ET Q q 0 0 0 rg BT 323.17 607.40 Td (GAAP) Tj ET Q q 0 0 0 rg BT 351.96 607.40 Td ( ) Tj ET Q q 0 0 0 rg BT 354.55 607.40 Td (measurement ) Tj ET Q q 0 0 0 rg BT 421.35 607.40 Td (of ) Tj ET Q q 0 0 0 rg BT 432.70 607.40 Td (performance ) Tj ET Q q 0 0 0 rg BT 494.25 607.40 Td (and ) Tj ET Q q 0 0 0 rg BT 514.37 607.40 Td (should ) Tj ET Q q 0 0 0 rg BT 547.91 607.40 Td (not ) Tj ET Q BT /F5 10.50 Tf ET q 0 0 0 rg BT 49.50 594.80 Td (be ) Tj ET Q q 0 0 0 rg BT 64.10 594.80 Td (considered ) Tj ET Q q 0 0 0 rg BT 118.38 594.80 Td (an ) Tj ET Q q 0 0 0 rg BT 132.98 594.80 Td (alternative ) Tj ET Q q 0 0 0 rg BT 184.34 594.80 Td (measure ) Tj ET Q q 0 0 0 rg BT 228.11 594.80 Td (of ) Tj ET Q q 0 0 0 rg BT 239.79 594.80 Td (liquidity) Tj ET Q q 0 0 0 rg BT 274.03 594.80 Td (.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 48 584.3 m 151 584.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151 584.3 m 254 584.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 584.3 m 357 584.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 584.3 m 460 584.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 584.3 m 563 584.3 l s BT /F1 10.00 Tf ET BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 566.20 Td (ANNUALIZED ) Tj ET Q q 0 0 0 rg BT 121.59 566.20 Td (RENT) Tj ET Q q 0 0 0 rg BT 149.39 566.20 Td (AL) Tj ET Q q 0 0 0 rg BT 163.20 566.20 Td ( ) Tj ET Q q 0 0 0 rg BT 167.04 566.20 Td (REVENUE:) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 221.30 566.20 Td ( ) Tj ET Q q 0 0 0 rg BT 224.38 566.20 Td (Annualized ) Tj ET Q q 0 0 0 rg BT 280.18 566.20 Td (rental ) Tj ET Q q 0 0 0 rg BT 310.29 566.20 Td (revenue ) Tj ET Q q 0 0 0 rg BT 352.08 566.20 Td (is ) Tj ET Q q 0 0 0 rg BT 363.50 566.20 Td (annualized ) Tj ET Q q 0 0 0 rg BT 418.14 566.20 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 462.83 566.20 Td (total ) Tj ET Q q 0 0 0 rg BT 486.52 566.20 Td (revenue ) Tj ET Q q 0 0 0 rg BT 528.31 566.20 Td (per ) Tj ET Q q 0 0 0 rg BT 547.33 566.20 Td (our ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 553.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 103.78 553.60 Td (of ) Tj ET Q q 0 0 0 rg BT 115.45 553.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 167.40 553.60 Td (\(which ) Tj ET Q q 0 0 0 rg BT 200.66 553.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 242.11 553.60 Td (fees ) Tj ET Q q 0 0 0 rg BT 264.87 553.60 Td (and ) Tj ET Q q 0 0 0 rg BT 285.31 553.60 Td (is ) Tj ET Q q 0 0 0 rg BT 295.81 553.60 Td (net ) Tj ET Q q 0 0 0 rg BT 313.32 553.60 Td (of ) Tj ET Q q 0 0 0 rg BT 325.00 553.60 Td (any ) Tj ET Q q 0 0 0 rg BT 344.85 553.60 Td (discounts\).) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 537.00 Td (A) Tj ET Q q 0 0 0 rg BT 56.30 537.00 Td (VERAGE ) Tj ET Q q 0 0 0 rg BT 103.44 537.00 Td (ANNUALIZED ) Tj ET Q q 0 0 0 rg BT 174.91 537.00 Td (RENT) Tj ET Q q 0 0 0 rg BT 202.72 537.00 Td (AL) Tj ET Q q 0 0 0 rg BT 216.53 537.00 Td ( ) Tj ET Q q 0 0 0 rg BT 219.75 537.00 Td (REVENUE ) Tj ET Q q 0 0 0 rg BT 273.74 537.00 Td (PER ) Tj ET Q q 0 0 0 rg BT 298.55 537.00 Td (OCCUPIED ) Tj ET Q q 0 0 0 rg BT 357.20 537.00 Td (SQUARE ) Tj ET Q q 0 0 0 rg BT 405.35 537.00 Td (FOOT) Tj ET Q q 0 0 0 rg BT 433.35 537.00 Td (: ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 440.07 537.00 Td (A) Tj ET Q q 0 0 0 rg BT 446.89 537.00 Td (verage ) Tj ET Q q 0 0 0 rg BT 482.22 537.00 Td (annualized ) Tj ET Q q 0 0 0 rg BT 536.24 537.00 Td (rental ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 524.40 Td (revenue ) Tj ET Q q 0 0 0 rg BT 89.42 524.40 Td (per ) Tj ET Q q 0 0 0 rg BT 106.58 524.40 Td (occupied ) Tj ET Q q 0 0 0 rg BT 150.59 524.40 Td (square ) Tj ET Q q 0 0 0 rg BT 184.67 524.40 Td (foot ) Tj ET Q q 0 0 0 rg BT 204.16 524.40 Td (is ) Tj ET Q q 0 0 0 rg BT 213.72 524.40 Td (computed ) Tj ET Q q 0 0 0 rg BT 261.81 524.40 Td (by ) Tj ET Q q 0 0 0 rg BT 274.88 524.40 Td (dividing ) Tj ET Q q 0 0 0 rg BT 312.46 524.40 Td (annualized ) Tj ET Q q 0 0 0 rg BT 365.23 524.40 Td (rental ) Tj ET Q q 0 0 0 rg BT 393.48 524.40 Td (revenue ) Tj ET Q q 0 0 0 rg BT 433.40 524.40 Td (by ) Tj ET Q q 0 0 0 rg BT 446.47 524.40 Td (average ) Tj ET Q q 0 0 0 rg BT 486.39 524.40 Td (occupied ) Tj ET Q q 0 0 0 rg BT 530.40 524.40 Td (square ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 511.80 Td (feet. ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 495.20 Td (A) Tj ET Q q 0 0 0 rg BT 56.30 495.20 Td (VERAGE ) Tj ET Q q 0 0 0 rg BT 103.08 495.20 Td (OCCUP) Tj ET Q q 0 0 0 rg BT 140.23 495.20 Td (ANCY) Tj ET Q q 0 0 0 rg BT 169.20 495.20 Td (: ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 175.13 495.20 Td (A) Tj ET Q q 0 0 0 rg BT 181.95 495.20 Td (verage ) Tj ET Q q 0 0 0 rg BT 216.49 495.20 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 269.13 495.20 Td (is ) Tj ET Q q 0 0 0 rg BT 279.15 495.20 Td (calculated ) Tj ET Q q 0 0 0 rg BT 328.87 495.20 Td (based ) Tj ET Q q 0 0 0 rg BT 359.91 495.20 Td (on ) Tj ET Q q 0 0 0 rg BT 374.03 495.20 Td (the ) Tj ET Q q 0 0 0 rg BT 391.07 495.20 Td (average ) Tj ET Q q 0 0 0 rg BT 431.45 495.20 Td (of ) Tj ET Q q 0 0 0 rg BT 442.64 495.20 Td (the ) Tj ET Q q 0 0 0 rg BT 459.68 495.20 Td (month-end ) Tj ET Q q 0 0 0 rg BT 512.32 495.20 Td (occupancy ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 482.60 Td (immediately ) Tj ET Q q 0 0 0 rg BT 108.65 482.60 Td (preceding ) Tj ET Q q 0 0 0 rg BT 157.91 482.60 Td (the ) Tj ET Q q 0 0 0 rg BT 175.64 482.60 Td (period ) Tj ET Q q 0 0 0 rg BT 207.96 482.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 257.80 482.60 Td (and ) Tj ET Q q 0 0 0 rg BT 278.46 482.60 Td (the ) Tj ET Q q 0 0 0 rg BT 296.19 482.60 Td (month-end ) Tj ET Q q 0 0 0 rg BT 349.53 482.60 Td (occupancies ) Tj ET Q q 0 0 0 rg BT 411.03 482.60 Td (included ) Tj ET Q q 0 0 0 rg BT 453.28 482.60 Td (in ) Tj ET Q q 0 0 0 rg BT 464.59 482.60 Td (the ) Tj ET Q q 0 0 0 rg BT 482.32 482.60 Td (respective ) Tj ET Q q 0 0 0 rg BT 533.32 482.60 Td (period ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 470.00 Td (presented.) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 453.40 Td (CAPIT) Tj ET Q q 0 0 0 rg BT 80.22 453.40 Td (AL) Tj ET Q q 0 0 0 rg BT 94.03 453.40 Td ( ) Tj ET Q q 0 0 0 rg BT 96.95 453.40 Td (EXPENDITURES ) Tj ET Q q 0 0 0 rg BT 181.55 453.40 Td (DEFINITIONS) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 81.00 436.80 Td (ACQUISITIONS ) Tj ET Q q 0 0 0 rg BT 159.55 436.80 Td (CAPIT) Tj ET Q q 0 0 0 rg BT 190.27 436.80 Td (AL) Tj ET Q q 0 0 0 rg BT 204.08 436.80 Td ( ) Tj ET Q q 0 0 0 rg BT 206.79 436.80 Td (EXPENDITURES: ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 294.67 436.80 Td (Acquisitions ) Tj ET Q q 0 0 0 rg BT 353.41 436.80 Td (capital ) Tj ET Q q 0 0 0 rg BT 386.47 436.80 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 449.31 436.80 Td (represents ) Tj ET Q q 0 0 0 rg BT 501.62 436.80 Td (the ) Tj ET Q q 0 0 0 rg BT 518.93 436.80 Td (portion ) Tj ET Q q 0 0 0 rg BT 553.74 436.80 Td (of ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 81.00 424.20 Td (capital ) Tj ET Q q 0 0 0 rg BT 114.39 424.20 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 177.56 424.20 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 230.21 424.20 Td (during ) Tj ET Q q 0 0 0 rg BT 262.44 424.20 Td (the ) Tj ET Q q 0 0 0 rg BT 280.07 424.20 Td (current ) Tj ET Q q 0 0 0 rg BT 315.79 424.20 Td (period ) Tj ET Q q 0 0 0 rg BT 348.02 424.20 Td (that ) Tj ET Q q 0 0 0 rg BT 368.57 424.20 Td (were ) Tj ET Q q 0 0 0 rg BT 394.37 424.20 Td (identified ) Tj ET Q q 0 0 0 rg BT 439.44 424.20 Td (and ) Tj ET Q q 0 0 0 rg BT 460.00 424.20 Td (underwritten ) Tj ET Q q 0 0 0 rg BT 520.82 424.20 Td (prior ) Tj ET Q q 0 0 0 rg BT 544.87 424.20 Td (to ) Tj ET Q q 0 0 0 rg BT 556.66 424.20 Td (a ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 81.00 411.60 Td (property's ) Tj ET Q q 0 0 0 rg BT 129.69 411.60 Td (acquisition. ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 81.00 395.00 Td (RECURRING ) Tj ET Q q 0 0 0 rg BT 146.27 395.00 Td (CAPIT) Tj ET Q q 0 0 0 rg BT 176.99 395.00 Td (AL) Tj ET Q q 0 0 0 rg BT 190.79 395.00 Td ( ) Tj ET Q q 0 0 0 rg BT 192.47 395.00 Td (EXPENDITURES: ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 279.33 395.00 Td (Recurring ) Tj ET Q q 0 0 0 rg BT 326.53 395.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 358.57 395.00 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 420.37 395.00 Td (represents ) Tj ET Q q 0 0 0 rg BT 471.66 395.00 Td (the ) Tj ET Q q 0 0 0 rg BT 487.94 395.00 Td (portion ) Tj ET Q q 0 0 0 rg BT 521.72 395.00 Td (of ) Tj ET Q q 0 0 0 rg BT 532.16 395.00 Td (capital ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 81.00 382.40 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 143.29 382.40 Td (that ) Tj ET Q q 0 0 0 rg BT 162.97 382.40 Td (are ) Tj ET Q q 0 0 0 rg BT 180.30 382.40 Td (deemed ) Tj ET Q q 0 0 0 rg BT 220.41 382.40 Td (toreplace ) Tj ET Q q 0 0 0 rg BT 268.69 382.40 Td (the ) Tj ET Q q 0 0 0 rg BT 285.45 382.40 Td (consumed ) Tj ET Q q 0 0 0 rg BT 336.06 382.40 Td (portion ) Tj ET Q q 0 0 0 rg BT 370.33 382.40 Td (of ) Tj ET Q q 0 0 0 rg BT 381.25 382.40 Td (acquired ) Tj ET Q q 0 0 0 rg BT 423.69 382.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 456.20 382.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 488.71 382.40 Td (and ) Tj ET Q q 0 0 0 rg BT 508.40 382.40 Td (extend ) Tj ET Q q 0 0 0 rg BT 542.08 382.40 Td (their ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 81.00 369.80 Td (useful ) Tj ET Q q 0 0 0 rg BT 111.94 369.80 Td (lives.) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 81.00 353.20 Td (REVENUE ) Tj ET Q q 0 0 0 rg BT 139.83 353.20 Td (ENHANCING ) Tj ET Q q 0 0 0 rg BT 211.48 353.20 Td (CAPIT) Tj ET Q q 0 0 0 rg BT 242.20 353.20 Td (AL) Tj ET Q q 0 0 0 rg BT 256.01 353.20 Td ( ) Tj ET Q q 0 0 0 rg BT 264.08 353.20 Td (EXPENDITURES: ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 357.33 353.20 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 407.43 353.20 Td (enhancing ) Tj ET Q q 0 0 0 rg BT 463.95 353.20 Td (capital ) Tj ET Q q 0 0 0 rg BT 502.37 353.20 Td (expenditures ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 81.00 340.60 Td (represents ) Tj ET Q q 0 0 0 rg BT 132.80 340.60 Td (the ) Tj ET Q q 0 0 0 rg BT 149.59 340.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 183.89 340.60 Td (of ) Tj ET Q q 0 0 0 rg BT 194.83 340.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 227.38 340.60 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 289.70 340.60 Td (that ) Tj ET Q q 0 0 0 rg BT 309.40 340.60 Td (are ) Tj ET Q q 0 0 0 rg BT 326.77 340.60 Td (made ) Tj ET Q q 0 0 0 rg BT 355.23 340.60 Td (to ) Tj ET Q q 0 0 0 rg BT 366.17 340.60 Td (enhance ) Tj ET Q q 0 0 0 rg BT 408.65 340.60 Td (the ) Tj ET Q q 0 0 0 rg BT 425.44 340.60 Td (revenue ) Tj ET Q q 0 0 0 rg BT 465.58 340.60 Td (and ) Tj ET Q q 0 0 0 rg BT 485.29 340.60 Td (value ) Tj ET Q q 0 0 0 rg BT 512.58 340.60 Td (of ) Tj ET Q q 0 0 0 rg BT 523.53 340.60 Td (an ) Tj ET Q q 0 0 0 rg BT 537.40 340.60 Td (asset ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 81.00 328.00 Td (from ) Tj ET Q q 0 0 0 rg BT 104.92 328.00 Td (its ) Tj ET Q q 0 0 0 rg BT 118.34 328.00 Td (original ) Tj ET Q q 0 0 0 rg BT 155.11 328.00 Td (purchase ) Tj ET Q q 0 0 0 rg BT 201.22 328.00 Td (condition.) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 311.40 Td (EBITDA: ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 95.39 311.40 Td (W) Tj ET Q q 0 0 0 rg BT 105.11 311.40 Td (e ) Tj ET Q q 0 0 0 rg BT 114.25 311.40 Td (define ) Tj ET Q q 0 0 0 rg BT 146.17 311.40 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 183.52 311.40 Td ( ) Tj ET Q q 0 0 0 rg BT 186.82 311.40 Td (as ) Tj ET Q q 0 0 0 rg BT 201.22 311.40 Td (net ) Tj ET Q q 0 0 0 rg BT 219.12 311.40 Td (income ) Tj ET Q q 0 0 0 rg BT 256.28 311.40 Td (\(loss\), ) Tj ET Q q 0 0 0 rg BT 288.17 311.40 Td (as ) Tj ET Q q 0 0 0 rg BT 302.56 311.40 Td (determined ) Tj ET Q q 0 0 0 rg BT 358.40 311.40 Td (under ) Tj ET Q q 0 0 0 rg BT 388.56 311.40 Td (GAAP) Tj ET Q q 0 0 0 rg BT 416.39 311.40 Td (, ) Tj ET Q q 0 0 0 rg BT 422.61 311.40 Td (plus ) Tj ET Q q 0 0 0 rg BT 445.18 311.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 482.92 311.40 Td (expense, ) Tj ET Q q 0 0 0 rg BT 528.84 311.40 Td (loss ) Tj ET Q q 0 0 0 rg BT 550.82 311.40 Td (on ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 298.80 Td (early ) Tj ET Q q 0 0 0 rg BT 76.45 298.80 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 151.28 298.80 Td (of ) Tj ET Q q 0 0 0 rg BT 164.23 298.80 Td (debt, ) Tj ET Q q 0 0 0 rg BT 191.78 298.80 Td (income ) Tj ET Q q 0 0 0 rg BT 229.82 298.80 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 262.03 298.80 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 323.44 298.80 Td (and ) Tj ET Q q 0 0 0 rg BT 345.15 298.80 Td (amortization ) Tj ET Q q 0 0 0 rg BT 406.54 298.80 Td (expense. ) Tj ET Q q 0 0 0 rg BT 453.35 298.80 Td (W) Tj ET Q q 0 0 0 rg BT 463.07 298.80 Td (e ) Tj ET Q q 0 0 0 rg BT 473.11 298.80 Td (define ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 505.91 298.80 Td (ADJUSTED ) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 286.20 Td (EBITDA) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 88.58 286.20 Td ( ) Tj ET Q q 0 0 0 rg BT 92.05 286.20 Td (as ) Tj ET Q q 0 0 0 rg BT 106.60 286.20 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 143.94 286.20 Td ( ) Tj ET Q q 0 0 0 rg BT 147.40 286.20 Td (plus ) Tj ET Q q 0 0 0 rg BT 170.13 286.20 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 223.21 286.20 Td (costs, ) Tj ET Q q 0 0 0 rg BT 254.09 286.20 Td (organizational ) Tj ET Q q 0 0 0 rg BT 322.93 286.20 Td (and ) Tj ET Q q 0 0 0 rg BT 343.92 286.20 Td (of) Tj ET Q q 0 0 0 rg BT 352.48 286.20 Td (fering ) Tj ET Q q 0 0 0 rg BT 382.21 286.20 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 433.54 286.20 Td (equity-based ) Tj ET Q q 0 0 0 rg BT 497.13 286.20 Td (compensation ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 273.60 Td (expense, ) Tj ET Q q 0 0 0 rg BT 95.07 273.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 127.78 273.60 Td (on ) Tj ET Q q 0 0 0 rg BT 142.41 273.60 Td (sale ) Tj ET Q q 0 0 0 rg BT 164.62 273.60 Td (of ) Tj ET Q q 0 0 0 rg BT 176.32 273.60 Td (properties, ) Tj ET Q q 0 0 0 rg BT 228.88 273.60 Td (and ) Tj ET Q q 0 0 0 rg BT 249.35 273.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 304.23 273.60 Td (of ) Tj ET Q q 0 0 0 rg BT 315.94 273.60 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 363.83 273.60 Td (assets; ) Tj ET Q q 0 0 0 rg BT 400.04 273.60 Td (and ) Tj ET Q q 0 0 0 rg BT 420.51 273.60 Td (by ) Tj ET Q q 0 0 0 rg BT 434.55 273.60 Td (subtracting ) Tj ET Q q 0 0 0 rg BT 488.86 273.60 Td (gains ) Tj ET Q q 0 0 0 rg BT 516.92 273.60 Td (on ) Tj ET Q q 0 0 0 rg BT 531.54 273.60 Td (sale ) Tj ET Q q 0 0 0 rg BT 553.75 273.60 Td (of ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 261.00 Td (properties ) Tj ET Q q 0 0 0 rg BT 98.53 261.00 Td (and ) Tj ET Q q 0 0 0 rg BT 118.39 261.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 141.17 261.00 Td (forgiveness. ) Tj ET Q q 0 0 0 rg BT 199.97 261.00 Td (These ) Tj ET Q q 0 0 0 rg BT 231.50 261.00 Td (further ) Tj ET Q q 0 0 0 rg BT 264.18 261.00 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 323.14 261.00 Td (eliminate ) Tj ET Q q 0 0 0 rg BT 367.50 261.00 Td (the ) Tj ET Q q 0 0 0 rg BT 384.44 261.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 417.71 261.00 Td (of ) Tj ET Q q 0 0 0 rg BT 428.80 261.00 Td (items ) Tj ET Q q 0 0 0 rg BT 456.23 261.00 Td (that ) Tj ET Q q 0 0 0 rg BT 476.09 261.00 Td (we ) Tj ET Q q 0 0 0 rg BT 491.85 261.00 Td (do ) Tj ET Q q 0 0 0 rg BT 505.87 261.00 Td (not ) Tj ET Q q 0 0 0 rg BT 522.81 261.00 Td (consider ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 248.40 Td (indicative ) Tj ET Q q 0 0 0 rg BT 95.83 248.40 Td (of ) Tj ET Q q 0 0 0 rg BT 107.15 248.40 Td (our ) Tj ET Q q 0 0 0 rg BT 124.89 248.40 Td (core ) Tj ET Q q 0 0 0 rg BT 147.87 248.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 194.21 248.40 Td (performance. ) Tj ET Q q 0 0 0 rg BT 258.64 248.40 Td (In ) Tj ET Q q 0 0 0 rg BT 269.95 248.40 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 320.38 248.40 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 357.73 248.40 Td ( ) Tj ET Q q 0 0 0 rg BT 360.29 248.40 Td (and ) Tj ET Q q 0 0 0 rg BT 379.86 248.40 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 423.28 248.40 Td (EBITDA, ) Tj ET Q q 0 0 0 rg BT 466.68 248.40 Td (you ) Tj ET Q q 0 0 0 rg BT 486.17 248.40 Td (should ) Tj ET Q q 0 0 0 rg BT 519.67 248.40 Td (be ) Tj ET Q q 0 0 0 rg BT 533.91 248.40 Td (aware ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 235.80 Td (that ) Tj ET Q q 0 0 0 rg BT 70.93 235.80 Td (in ) Tj ET Q q 0 0 0 rg BT 83.02 235.80 Td (the ) Tj ET Q q 0 0 0 rg BT 101.54 235.80 Td (future ) Tj ET Q q 0 0 0 rg BT 132.31 235.80 Td (we ) Tj ET Q q 0 0 0 rg BT 149.65 235.80 Td (may ) Tj ET Q q 0 0 0 rg BT 173.40 235.80 Td (incur ) Tj ET Q q 0 0 0 rg BT 200.08 235.80 Td (expenses ) Tj ET Q q 0 0 0 rg BT 248.94 235.80 Td (that ) Tj ET Q q 0 0 0 rg BT 270.38 235.80 Td (are ) Tj ET Q q 0 0 0 rg BT 289.47 235.80 Td (the ) Tj ET Q q 0 0 0 rg BT 307.98 235.80 Td (same ) Tj ET Q q 0 0 0 rg BT 337.58 235.80 Td (as ) Tj ET Q q 0 0 0 rg BT 352.58 235.80 Td (or ) Tj ET Q q 0 0 0 rg BT 365.84 235.80 Td (similar ) Tj ET Q q 0 0 0 rg BT 400.09 235.80 Td (to ) Tj ET Q q 0 0 0 rg BT 412.76 235.80 Td (some ) Tj ET Q q 0 0 0 rg BT 442.36 235.80 Td (of ) Tj ET Q q 0 0 0 rg BT 455.03 235.80 Td (the ) Tj ET Q q 0 0 0 rg BT 473.55 235.80 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 534.08 235.80 Td (in ) Tj ET Q q 0 0 0 rg BT 546.17 235.80 Td (this ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 223.20 Td (presentation. ) Tj ET Q q 0 0 0 rg BT 113.48 223.20 Td (Our ) Tj ET Q q 0 0 0 rg BT 134.25 223.20 Td (presentation ) Tj ET Q q 0 0 0 rg BT 195.31 223.20 Td (of ) Tj ET Q q 0 0 0 rg BT 207.33 223.20 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 244.68 223.20 Td ( ) Tj ET Q q 0 0 0 rg BT 247.94 223.20 Td (and ) Tj ET Q q 0 0 0 rg BT 268.08 223.20 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 312.21 223.20 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 349.56 223.20 Td ( ) Tj ET Q q 0 0 0 rg BT 352.82 223.20 Td (should ) Tj ET Q q 0 0 0 rg BT 387.03 223.20 Td (not ) Tj ET Q q 0 0 0 rg BT 404.90 223.20 Td (be ) Tj ET Q q 0 0 0 rg BT 419.84 223.20 Td (construed ) Tj ET Q q 0 0 0 rg BT 469.22 223.20 Td (as ) Tj ET Q q 0 0 0 rg BT 483.58 223.20 Td (an ) Tj ET Q q 0 0 0 rg BT 498.53 223.20 Td (inference ) Tj ET Q q 0 0 0 rg BT 544.99 223.20 Td (that ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 210.60 Td (our ) Tj ET Q q 0 0 0 rg BT 67.59 210.60 Td (future ) Tj ET Q q 0 0 0 rg BT 97.36 210.60 Td (results ) Tj ET Q q 0 0 0 rg BT 131.21 210.60 Td (will ) Tj ET Q q 0 0 0 rg BT 148.71 210.60 Td (be ) Tj ET Q q 0 0 0 rg BT 163.30 210.60 Td (unaf) Tj ET Q q 0 0 0 rg BT 183.55 210.60 Td (fected ) Tj ET Q q 0 0 0 rg BT 215.07 210.60 Td (by ) Tj ET Q q 0 0 0 rg BT 229.08 210.60 Td (unusual ) Tj ET Q q 0 0 0 rg BT 268.78 210.60 Td (or ) Tj ET Q q 0 0 0 rg BT 281.03 210.60 Td (non-recurring ) Tj ET Q q 0 0 0 rg BT 346.40 210.60 Td (items.) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 67.50 194.00 Td (W) Tj ET Q q 0 0 0 rg BT 77.22 194.00 Td (e ) Tj ET Q q 0 0 0 rg BT 84.61 194.00 Td (present ) Tj ET Q q 0 0 0 rg BT 121.19 194.00 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 158.54 194.00 Td ( ) Tj ET Q q 0 0 0 rg BT 160.09 194.00 Td (and ) Tj ET Q q 0 0 0 rg BT 178.86 194.00 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 221.27 194.00 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 258.62 194.00 Td ( ) Tj ET Q q 0 0 0 rg BT 260.17 194.00 Td (because ) Tj ET Q q 0 0 0 rg BT 301.43 194.00 Td (we ) Tj ET Q q 0 0 0 rg BT 316.41 194.00 Td (believe ) Tj ET Q q 0 0 0 rg BT 351.23 194.00 Td (they ) Tj ET Q q 0 0 0 rg BT 372.64 194.00 Td (assist ) Tj ET Q q 0 0 0 rg BT 401.03 194.00 Td (investors ) Tj ET Q q 0 0 0 rg BT 444.60 194.00 Td (and ) Tj ET Q q 0 0 0 rg BT 463.68 194.00 Td (analysts ) Tj ET Q q 0 0 0 rg BT 503.75 194.00 Td (in ) Tj ET Q q 0 0 0 rg BT 513.48 194.00 Td (comparing ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 181.40 Td (our ) Tj ET Q q 0 0 0 rg BT 68.00 181.40 Td (performance ) Tj ET Q q 0 0 0 rg BT 130.27 181.40 Td (across ) Tj ET Q q 0 0 0 rg BT 164.53 181.40 Td (reporting ) Tj ET Q q 0 0 0 rg BT 209.30 181.40 Td (periods ) Tj ET Q q 0 0 0 rg BT 247.06 181.40 Td (on ) Tj ET Q q 0 0 0 rg BT 262.07 181.40 Td (a ) Tj ET Q q 0 0 0 rg BT 271.23 181.40 Td (consistent ) Tj ET Q q 0 0 0 rg BT 321.84 181.40 Td (basis ) Tj ET Q q 0 0 0 rg BT 349.68 181.40 Td (by ) Tj ET Q q 0 0 0 rg BT 364.09 181.40 Td (excluding ) Tj ET Q q 0 0 0 rg BT 411.78 181.40 Td (items ) Tj ET Q q 0 0 0 rg BT 440.20 181.40 Td (that ) Tj ET Q q 0 0 0 rg BT 461.04 181.40 Td (we ) Tj ET Q q 0 0 0 rg BT 477.79 181.40 Td (do ) Tj ET Q q 0 0 0 rg BT 492.79 181.40 Td (not ) Tj ET Q q 0 0 0 rg BT 510.72 181.40 Td (believe ) Tj ET Q q 0 0 0 rg BT 547.32 181.40 Td (are ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 168.80 Td (indicative ) Tj ET Q q 0 0 0 rg BT 96.91 168.80 Td (of ) Tj ET Q q 0 0 0 rg BT 109.30 168.80 Td (our ) Tj ET Q q 0 0 0 rg BT 128.11 168.80 Td (core ) Tj ET Q q 0 0 0 rg BT 152.17 168.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 199.59 168.80 Td (performance. ) Tj ET Q q 0 0 0 rg BT 265.09 168.80 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 302.43 168.80 Td ( ) Tj ET Q q 0 0 0 rg BT 306.07 168.80 Td (and ) Tj ET Q q 0 0 0 rg BT 326.50 168.80 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 371.00 168.80 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 408.34 168.80 Td ( ) Tj ET Q q 0 0 0 rg BT 411.98 168.80 Td (have ) Tj ET Q q 0 0 0 rg BT 438.38 168.80 Td (limitations ) Tj ET Q q 0 0 0 rg BT 488.70 168.80 Td (as ) Tj ET Q q 0 0 0 rg BT 503.42 168.80 Td (an ) Tj ET Q q 0 0 0 rg BT 518.73 168.80 Td (analytical ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 156.20 Td (tool. ) Tj ET Q q 0 0 0 rg BT 72.27 156.20 Td (Some ) Tj ET Q q 0 0 0 rg BT 102.61 156.20 Td (of ) Tj ET Q q 0 0 0 rg BT 114.29 156.20 Td (these ) Tj ET Q q 0 0 0 rg BT 142.89 156.20 Td (limitations ) Tj ET Q q 0 0 0 rg BT 192.49 156.20 Td (are:) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 67.50 139.60 Td ( ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 139.60 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 122.85 139.60 Td ( ) Tj ET Q q 0 0 0 rg BT 126.15 139.60 Td (and ) Tj ET Q q 0 0 0 rg BT 146.33 139.60 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 190.50 139.60 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 227.84 139.60 Td ( ) Tj ET Q q 0 0 0 rg BT 231.15 139.60 Td (do ) Tj ET Q q 0 0 0 rg BT 246.14 139.60 Td (not ) Tj ET Q q 0 0 0 rg BT 264.05 139.60 Td (reflect ) Tj ET Q q 0 0 0 rg BT 295.95 139.60 Td (our ) Tj ET Q q 0 0 0 rg BT 314.44 139.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 339.93 139.60 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 406.28 139.60 Td (or ) Tj ET Q q 0 0 0 rg BT 418.92 139.60 Td (future ) Tj ET Q q 0 0 0 rg BT 449.08 139.60 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 516.59 139.60 Td (for ) Tj ET Q q 0 0 0 rg BT 532.15 139.60 Td (capital ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 127.00 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 151.46 127.00 Td (contractual ) Tj ET Q q 0 0 0 rg BT 205.74 127.00 Td (commitments ) Tj ET Q q 0 0 0 rg BT 271.09 127.00 Td (or ) Tj ET Q q 0 0 0 rg BT 283.34 127.00 Td (working ) Tj ET Q q 0 0 0 rg BT 322.44 127.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 355.71 127.00 Td (needs;) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 67.50 110.40 Td ( ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 110.40 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 122.85 110.40 Td ( ) Tj ET Q q 0 0 0 rg BT 125.99 110.40 Td (and ) Tj ET Q q 0 0 0 rg BT 146.02 110.40 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 190.02 110.40 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 227.37 110.40 Td ( ) Tj ET Q q 0 0 0 rg BT 230.51 110.40 Td (do ) Tj ET Q q 0 0 0 rg BT 245.33 110.40 Td (not ) Tj ET Q q 0 0 0 rg BT 263.07 110.40 Td (reflect ) Tj ET Q q 0 0 0 rg BT 294.80 110.40 Td (the ) Tj ET Q q 0 0 0 rg BT 312.54 110.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 362.37 110.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 399.94 110.40 Td (expense, ) Tj ET Q q 0 0 0 rg BT 445.70 110.40 Td (or ) Tj ET Q q 0 0 0 rg BT 458.18 110.40 Td (the ) Tj ET Q q 0 0 0 rg BT 475.91 110.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 501.23 110.40 Td (requirements ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 97.80 Td (necessary ) Tj ET Q q 0 0 0 rg BT 136.27 97.80 Td (to ) Tj ET Q q 0 0 0 rg BT 147.95 97.80 Td (service ) Tj ET Q q 0 0 0 rg BT 184.13 97.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 221.48 97.80 Td (or ) Tj ET Q q 0 0 0 rg BT 233.73 97.80 Td (principal ) Tj ET Q q 0 0 0 rg BT 275.75 97.80 Td (payments, ) Tj ET Q q 0 0 0 rg BT 327.11 97.80 Td (on ) Tj ET Q q 0 0 0 rg BT 341.71 97.80 Td (our ) Tj ET Q q 0 0 0 rg BT 359.80 97.80 Td (debts;) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 67.50 81.20 Td ( ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 81.20 Td (although ) Tj ET Q q 0 0 0 rg BT 131.53 81.20 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 194.47 81.20 Td (and ) Tj ET Q q 0 0 0 rg BT 217.73 81.20 Td (amortization ) Tj ET Q q 0 0 0 rg BT 280.66 81.20 Td (are ) Tj ET Q q 0 0 0 rg BT 301.57 81.20 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 350.51 81.20 Td (charges, ) Tj ET Q q 0 0 0 rg BT 396.52 81.20 Td (the ) Tj ET Q q 0 0 0 rg BT 416.85 81.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 452.94 81.20 Td (being ) Tj ET Q q 0 0 0 rg BT 484.37 81.20 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 544.98 81.20 Td (and ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 68.60 Td (amortized ) Tj ET Q q 0 0 0 rg BT 134.67 68.60 Td (will ) Tj ET Q q 0 0 0 rg BT 152.31 68.60 Td (often ) Tj ET Q q 0 0 0 rg BT 178.73 68.60 Td (have ) Tj ET Q q 0 0 0 rg BT 204.57 68.60 Td (to ) Tj ET Q q 0 0 0 rg BT 216.39 68.60 Td (be ) Tj ET Q q 0 0 0 rg BT 231.13 68.60 Td (replaced ) Tj ET Q q 0 0 0 rg BT 274.48 68.60 Td (in ) Tj ET Q q 0 0 0 rg BT 285.71 68.60 Td (the ) Tj ET Q q 0 0 0 rg BT 303.38 68.60 Td (future, ) Tj ET Q q 0 0 0 rg BT 336.21 68.60 Td (and ) Tj ET Q q 0 0 0 rg BT 356.79 68.60 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 394.14 68.60 Td ( ) Tj ET Q q 0 0 0 rg BT 397.20 68.60 Td (and ) Tj ET Q q 0 0 0 rg BT 417.18 68.60 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 461.10 68.60 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 498.45 68.60 Td ( ) Tj ET Q q 0 0 0 rg BT 501.52 68.60 Td (do ) Tj ET Q q 0 0 0 rg BT 516.26 68.60 Td (not ) Tj ET Q q 0 0 0 rg BT 533.92 68.60 Td (reflect ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 56.00 Td (any ) Tj ET Q q 0 0 0 rg BT 105.35 56.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 130.44 56.00 Td (requirements ) Tj ET Q q 0 0 0 rg BT 194.64 56.00 Td (for ) Tj ET Q q 0 0 0 rg BT 209.81 56.00 Td (such ) Tj ET Q q 0 0 0 rg BT 234.91 56.00 Td (replacements;) Tj ET Q /GS0 gs q 57.00 0 0 47.00 50.00 732.50 cm /I20 Do Q endstream endobj 43 0 obj <> endobj 44 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 (19) 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 85.34 394.00 Td (of ) Tj ET Q q 0 0 0 rg BT 97.26 394.00 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 150.03 394.00 Td (costs, ) Tj ET Q q 0 0 0 rg BT 180.62 394.00 Td (organizational ) Tj ET Q q 0 0 0 rg BT 249.16 394.00 Td (and ) Tj ET Q q 0 0 0 rg BT 269.84 394.00 Td (of) Tj ET Q q 0 0 0 rg BT 278.40 394.00 Td (fering ) Tj ET Q q 0 0 0 rg BT 307.83 394.00 Td (costs, ) Tj ET Q q 0 0 0 rg BT 338.42 394.00 Td (gains ) Tj ET Q q 0 0 0 rg BT 366.68 394.00 Td (on ) Tj ET Q q 0 0 0 rg BT 381.52 394.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 405.11 394.00 Td (forgiveness ) Tj ET Q q 0 0 0 rg BT 461.97 394.00 Td (and ) Tj ET Q q 0 0 0 rg BT 482.65 394.00 Td (gains ) Tj ET Q q 0 0 0 rg BT 510.91 394.00 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 550.83 394.00 Td (on ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 381.40 Td (early ) Tj ET Q q 0 0 0 rg BT 75.18 381.40 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 148.72 381.40 Td (of ) Tj ET Q q 0 0 0 rg BT 160.40 381.40 Td (debt.) 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 132.15 364.80 Td (uses ) Tj ET Q q 0 0 0 rg BT 157.69 364.80 Td (FFO ) Tj ET Q q 0 0 0 rg BT 182.04 364.80 Td (and ) Tj ET Q q 0 0 0 rg BT 202.92 364.80 Td (Core ) Tj ET Q q 0 0 0 rg BT 229.04 364.80 Td (FFO ) Tj ET Q q 0 0 0 rg BT 253.39 364.80 Td (as ) Tj ET Q q 0 0 0 rg BT 267.84 364.80 Td (a ) Tj ET Q q 0 0 0 rg BT 277.04 364.80 Td (key ) Tj ET Q q 0 0 0 rg BT 296.74 364.80 Td (performance ) Tj ET Q q 0 0 0 rg BT 359.04 364.80 Td (indicator ) Tj ET Q q 0 0 0 rg BT 402.09 364.80 Td (in ) Tj ET Q q 0 0 0 rg BT 413.62 364.80 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 464.86 364.80 Td (the ) Tj ET Q q 0 0 0 rg BT 482.81 364.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 535.21 364.80 Td (of ) Tj ET Q q 0 0 0 rg BT 547.32 364.80 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 (L) Tj ET Q q 0 0 0 rg BT 55.13 155.20 Td (TIP) Tj ET Q q 0 0 0 rg BT 71.28 155.20 Td ( ) Tj ET Q q 0 0 0 rg BT 74.20 155.20 Td (UNITS:) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 109.20 155.20 Td ( ) Tj ET Q q 0 0 0 rg BT 112.11 155.20 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 162.89 155.20 Td (incentive ) Tj ET Q q 0 0 0 rg BT 207.25 155.20 Td (plan ) Tj ET Q q 0 0 0 rg BT 230.02 155.20 Td (units.) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 138.60 Td (NET ) Tj ET Q q 0 0 0 rg BT 73.43 138.60 Td (DEBT ) Tj ET Q q 0 0 0 rg BT 104.94 138.60 Td (T) Tj ET Q q 0 0 0 rg BT 111.16 138.60 Td (O ) Tj ET Q q 0 0 0 rg BT 121.87 138.60 Td (ANNUALIZED ) Tj ET Q q 0 0 0 rg BT 193.04 138.60 Td (CURRENT ) Tj ET Q q 0 0 0 rg BT 247.30 138.60 Td (QUARTER ) Tj ET Q q 0 0 0 rg BT 301.75 138.60 Td (ADJUSTED ) Tj ET Q q 0 0 0 rg BT 361.27 138.60 Td (EBITDA: ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 406.78 138.60 Td (W) Tj ET Q q 0 0 0 rg BT 416.50 138.60 Td (e ) Tj ET Q q 0 0 0 rg BT 425.27 138.60 Td (calculate ) Tj ET Q q 0 0 0 rg BT 469.64 138.60 Td (net ) Tj ET Q q 0 0 0 rg BT 487.16 138.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 510.53 138.60 Td (to ) Tj ET Q q 0 0 0 rg BT 521.63 138.60 Td (Adjusted ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 126.00 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 86.85 126.00 Td ( ) Tj ET Q q 0 0 0 rg BT 89.42 126.00 Td (as ) Tj ET Q q 0 0 0 rg BT 103.09 126.00 Td (total ) Tj ET Q q 0 0 0 rg BT 125.51 126.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 148.53 126.00 Td (\(inclusive ) Tj ET Q q 0 0 0 rg BT 194.87 126.00 Td (of ) Tj ET Q q 0 0 0 rg BT 206.21 126.00 Td ($5.3 ) Tj ET Q q 0 0 0 rg BT 229.22 126.00 Td (million ) Tj ET Q q 0 0 0 rg BT 261.56 126.00 Td (of ) Tj ET Q q 0 0 0 rg BT 272.89 126.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 290.05 126.00 Td (value ) Tj ET Q q 0 0 0 rg BT 317.73 126.00 Td (of ) Tj ET Q q 0 0 0 rg BT 329.07 126.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 352.08 126.00 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 411.27 126.00 Td (and ) Tj ET Q q 0 0 0 rg BT 431.37 126.00 Td ($2.6 ) Tj ET Q q 0 0 0 rg BT 454.38 126.00 Td (million ) Tj ET Q q 0 0 0 rg BT 486.72 126.00 Td (of ) Tj ET Q q 0 0 0 rg BT 498.05 126.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 521.07 126.00 Td (issuance ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 113.40 Td (costs\) ) Tj ET Q q 0 0 0 rg BT 80.42 113.40 Td (less ) Tj ET Q q 0 0 0 rg BT 102.01 113.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 127.11 113.40 Td (and ) Tj ET Q q 0 0 0 rg BT 147.55 113.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 172.64 113.40 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 231.60 113.40 Td (divided ) Tj ET Q q 0 0 0 rg BT 267.79 113.40 Td (by ) Tj ET Q q 0 0 0 rg BT 281.80 113.40 Td (annualized ) Tj ET Q q 0 0 0 rg BT 335.51 113.40 Td (current ) Tj ET Q q 0 0 0 rg BT 371.11 113.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 406.72 113.40 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 450.50 113.40 Td (EBITDA.) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 96.80 Td (NET ) Tj ET Q q 0 0 0 rg BT 72.57 96.80 Td (OPERA) Tj ET Q q 0 0 0 rg BT 109.13 96.80 Td (TING ) Tj ET Q q 0 0 0 rg BT 136.28 96.80 Td (INCOME: ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 183.85 96.80 Td (W) Tj ET Q q 0 0 0 rg BT 196.49 96.80 Td (e ) Tj ET Q q 0 0 0 rg BT 204.40 96.80 Td (define ) Tj ET Q q 0 0 0 rg BT 235.08 96.80 Td (net ) Tj ET Q q 0 0 0 rg BT 251.75 96.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 297.60 96.80 Td (income, ) Tj ET Q q 0 0 0 rg BT 336.44 96.80 Td (or ) Tj ET Q q 0 0 0 rg BT 347.84 96.80 Td (NOI, ) Tj ET Q q 0 0 0 rg BT 371.50 96.80 Td (as ) Tj ET Q q 0 0 0 rg BT 384.66 96.80 Td (net ) Tj ET Q q 0 0 0 rg BT 401.33 96.80 Td (income ) Tj ET Q q 0 0 0 rg BT 437.24 96.80 Td (\(loss\), ) Tj ET Q q 0 0 0 rg BT 467.90 96.80 Td (as ) Tj ET Q q 0 0 0 rg BT 481.06 96.80 Td (determined ) Tj ET Q q 0 0 0 rg BT 535.66 96.80 Td (under ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 84.20 Td (GAAP) Tj ET Q q 0 0 0 rg BT 77.32 84.20 Td (, ) Tj ET Q q 0 0 0 rg BT 83.17 84.20 Td (plus ) Tj ET Q q 0 0 0 rg BT 105.36 84.20 Td (general ) Tj ET Q q 0 0 0 rg BT 143.31 84.20 Td (and ) Tj ET Q q 0 0 0 rg BT 163.76 84.20 Td (administrative ) Tj ET Q q 0 0 0 rg BT 231.47 84.20 Td (expense, ) Tj ET Q q 0 0 0 rg BT 277.01 84.20 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 337.15 84.20 Td (and ) Tj ET Q q 0 0 0 rg BT 357.59 84.20 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 420.63 84.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 457.99 84.20 Td (expense, ) Tj ET Q q 0 0 0 rg BT 503.54 84.20 Td (loss ) Tj ET Q q 0 0 0 rg BT 525.14 84.20 Td (on ) Tj ET Q q 0 0 0 rg BT 539.74 84.20 Td (early ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 71.60 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 122.52 71.60 Td (of ) Tj ET Q q 0 0 0 rg BT 133.67 71.60 Td (debt, ) Tj ET Q q 0 0 0 rg BT 159.42 71.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 211.43 71.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 241.24 71.60 Td (organizational ) Tj ET Q q 0 0 0 rg BT 309.02 71.60 Td (and ) Tj ET Q q 0 0 0 rg BT 328.93 71.60 Td (of) Tj ET Q q 0 0 0 rg BT 337.50 71.60 Td (fering ) Tj ET Q q 0 0 0 rg BT 366.16 71.60 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 416.42 71.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 470.74 71.60 Td (of ) Tj ET Q q 0 0 0 rg BT 481.89 71.60 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 529.23 71.60 Td (assets, ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 59.00 Td (losses ) Tj ET Q q 0 0 0 rg BT 81.93 59.00 Td (on ) Tj ET Q q 0 0 0 rg BT 96.28 59.00 Td (the ) Tj ET Q q 0 0 0 rg BT 113.55 59.00 Td (sale ) Tj ET Q q 0 0 0 rg BT 135.49 59.00 Td (of ) Tj ET Q q 0 0 0 rg BT 146.91 59.00 Td (properties ) Tj ET Q q 0 0 0 rg BT 196.28 59.00 Td (and ) Tj ET Q q 0 0 0 rg BT 216.47 59.00 Td (non-operating ) Tj ET Q q 0 0 0 rg BT 283.94 59.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 326.31 59.00 Td (and ) Tj ET Q q 0 0 0 rg BT 346.50 59.00 Td (by ) Tj ET Q q 0 0 0 rg BT 360.26 59.00 Td (subtracting ) Tj ET Q q 0 0 0 rg BT 414.30 59.00 Td (gains ) Tj ET Q q 0 0 0 rg BT 442.07 59.00 Td (on ) Tj ET Q q 0 0 0 rg BT 456.42 59.00 Td (sale ) Tj ET Q q 0 0 0 rg BT 478.35 59.00 Td (of ) Tj ET Q q 0 0 0 rg BT 489.78 59.00 Td (properties, ) Tj ET Q q 0 0 0 rg BT 542.06 59.00 Td (debt ) Tj ET Q /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 10.50 Tf ET q 0 0 0 rg BT 49.50 712.40 Td (forgiveness, ) Tj ET Q q 0 0 0 rg BT 109.95 712.40 Td (and ) Tj ET Q q 0 0 0 rg BT 131.30 712.40 Td (non-operating ) Tj ET Q q 0 0 0 rg BT 199.93 712.40 Td (income. ) Tj ET Q q 0 0 0 rg BT 240.53 712.40 Td (NOI ) Tj ET Q q 0 0 0 rg BT 263.03 712.40 Td (is ) Tj ET Q q 0 0 0 rg BT 274.45 712.40 Td (not ) Tj ET Q q 0 0 0 rg BT 292.87 712.40 Td (a ) Tj ET Q q 0 0 0 rg BT 302.55 712.40 Td (measure ) Tj ET Q q 0 0 0 rg BT 347.23 712.40 Td (of ) Tj ET Q q 0 0 0 rg BT 359.82 712.40 Td (performance ) Tj ET Q q 0 0 0 rg BT 422.60 712.40 Td (calculated ) Tj ET Q q 0 0 0 rg BT 473.71 712.40 Td (in ) Tj ET Q q 0 0 0 rg BT 485.72 712.40 Td (accordance ) Tj ET Q q 0 0 0 rg BT 543.84 712.40 Td (with ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 699.80 Td (GAAP) Tj ET Q q 0 0 0 rg BT 77.32 699.80 Td (.) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 67.50 683.20 Td (W) Tj ET Q q 0 0 0 rg BT 77.22 683.20 Td (e ) Tj ET Q q 0 0 0 rg BT 85.98 683.20 Td (believe ) Tj ET Q q 0 0 0 rg BT 122.17 683.20 Td (NOI ) Tj ET Q q 0 0 0 rg BT 143.76 683.20 Td (is ) Tj ET Q q 0 0 0 rg BT 154.26 683.20 Td (useful ) Tj ET Q q 0 0 0 rg BT 185.19 683.20 Td (to ) Tj ET Q q 0 0 0 rg BT 196.87 683.20 Td (investors ) Tj ET Q q 0 0 0 rg BT 241.80 683.20 Td (in ) Tj ET Q q 0 0 0 rg BT 252.89 683.20 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 303.68 683.20 Td (our ) Tj ET Q q 0 0 0 rg BT 321.78 683.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 368.48 683.20 Td (performance ) Tj ET Q q 0 0 0 rg BT 430.34 683.20 Td (because:) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 67.50 666.60 Td ( ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 666.60 Td (NOI ) Tj ET Q q 0 0 0 rg BT 107.10 666.60 Td (is ) Tj ET Q q 0 0 0 rg BT 117.61 666.60 Td (one ) Tj ET Q q 0 0 0 rg BT 138.05 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 149.74 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 167.26 666.60 Td (primary ) Tj ET Q q 0 0 0 rg BT 205.19 666.60 Td (measures ) Tj ET Q q 0 0 0 rg BT 254.22 666.60 Td (used ) Tj ET Q q 0 0 0 rg BT 279.92 666.60 Td (by ) Tj ET Q q 0 0 0 rg BT 293.93 666.60 Td (our ) Tj ET Q q 0 0 0 rg BT 312.04 666.60 Td (management ) Tj ET Q q 0 0 0 rg BT 376.25 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 396.70 666.60 Td (our ) Tj ET Q q 0 0 0 rg BT 414.81 666.60 Td (PROs ) Tj ET Q q 0 0 0 rg BT 445.74 666.60 Td (to ) Tj ET Q q 0 0 0 rg BT 457.42 666.60 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 500.05 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 517.57 666.60 Td (economic ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 654.00 Td (productivity ) Tj ET Q q 0 0 0 rg BT 140.74 654.00 Td (of ) Tj ET Q q 0 0 0 rg BT 151.63 654.00 Td (our ) Tj ET Q q 0 0 0 rg BT 168.95 654.00 Td (properties, ) Tj ET Q q 0 0 0 rg BT 220.69 654.00 Td (including ) Tj ET Q q 0 0 0 rg BT 264.28 654.00 Td (our ) Tj ET Q q 0 0 0 rg BT 281.59 654.00 Td (ability ) Tj ET Q q 0 0 0 rg BT 310.57 654.00 Td (to ) Tj ET Q q 0 0 0 rg BT 321.46 654.00 Td (lease ) Tj ET Q q 0 0 0 rg BT 348.70 654.00 Td (our ) Tj ET Q q 0 0 0 rg BT 366.01 654.00 Td (properties, ) Tj ET Q q 0 0 0 rg BT 417.76 654.00 Td (increase ) Tj ET Q q 0 0 0 rg BT 459.58 654.00 Td (pricing ) Tj ET Q q 0 0 0 rg BT 492.65 654.00 Td (and ) Tj ET Q q 0 0 0 rg BT 512.30 654.00 Td (occupancy ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 641.40 Td (and ) Tj ET Q q 0 0 0 rg BT 105.94 641.40 Td (control ) Tj ET Q q 0 0 0 rg BT 140.37 641.40 Td (our ) Tj ET Q q 0 0 0 rg BT 158.46 641.40 Td (property ) Tj ET Q q 0 0 0 rg BT 199.90 641.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 246.61 641.40 Td (expenses;) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 67.50 624.80 Td ( ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 624.80 Td (NOI ) Tj ET Q q 0 0 0 rg BT 107.10 624.80 Td (is ) Tj ET Q q 0 0 0 rg BT 117.61 624.80 Td (widely ) Tj ET Q q 0 0 0 rg BT 149.71 624.80 Td (used ) Tj ET Q q 0 0 0 rg BT 175.41 624.80 Td (in ) Tj ET Q q 0 0 0 rg BT 186.51 624.80 Td (the ) Tj ET Q q 0 0 0 rg BT 204.03 624.80 Td (real ) Tj ET Q q 0 0 0 rg BT 224.47 624.80 Td (estate ) Tj ET Q q 0 0 0 rg BT 256.00 624.80 Td (industry ) Tj ET Q q 0 0 0 rg BT 295.69 624.80 Td (and ) Tj ET Q q 0 0 0 rg BT 316.14 624.80 Td (the ) Tj ET Q q 0 0 0 rg BT 333.67 624.80 Td (self ) Tj ET Q q 0 0 0 rg BT 352.93 624.80 Td (storage ) Tj ET Q q 0 0 0 rg BT 390.88 624.80 Td (industry ) Tj ET Q q 0 0 0 rg BT 430.58 624.80 Td (to ) Tj ET Q q 0 0 0 rg BT 442.26 624.80 Td (measure ) Tj ET Q q 0 0 0 rg BT 486.04 624.80 Td (the ) Tj ET Q q 0 0 0 rg BT 503.57 624.80 Td (performance ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 612.20 Td (and ) Tj ET Q q 0 0 0 rg BT 105.91 612.20 Td (value ) Tj ET Q q 0 0 0 rg BT 133.91 612.20 Td (of ) Tj ET Q q 0 0 0 rg BT 145.55 612.20 Td (real ) Tj ET Q q 0 0 0 rg BT 165.96 612.20 Td (estate ) Tj ET Q q 0 0 0 rg BT 197.45 612.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 230.69 612.20 Td (without ) Tj ET Q q 0 0 0 rg BT 266.85 612.20 Td (regard ) Tj ET Q q 0 0 0 rg BT 300.10 612.20 Td (to ) Tj ET Q q 0 0 0 rg BT 311.75 612.20 Td (various ) Tj ET Q q 0 0 0 rg BT 348.49 612.20 Td (items ) Tj ET Q q 0 0 0 rg BT 376.46 612.20 Td (included ) Tj ET Q q 0 0 0 rg BT 418.47 612.20 Td (in ) Tj ET Q q 0 0 0 rg BT 429.54 612.20 Td (net ) Tj ET Q q 0 0 0 rg BT 447.02 612.20 Td (income ) Tj ET Q q 0 0 0 rg BT 483.77 612.20 Td (that ) Tj ET Q q 0 0 0 rg BT 504.17 612.20 Td (do ) Tj ET Q q 0 0 0 rg BT 518.74 612.20 Td (not ) Tj ET Q q 0 0 0 rg BT 536.23 612.20 Td (relate ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 599.60 Td (to ) Tj ET Q q 0 0 0 rg BT 96.87 599.60 Td (or ) Tj ET Q q 0 0 0 rg BT 108.82 599.60 Td (are ) Tj ET Q q 0 0 0 rg BT 126.62 599.60 Td (not ) Tj ET Q q 0 0 0 rg BT 143.83 599.60 Td (indicative ) Tj ET Q q 0 0 0 rg BT 190.22 599.60 Td (of ) Tj ET Q q 0 0 0 rg BT 201.59 599.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 247.99 599.60 Td (performance, ) Tj ET Q q 0 0 0 rg BT 312.47 599.60 Td (such ) Tj ET Q q 0 0 0 rg BT 337.27 599.60 Td (as ) Tj ET Q q 0 0 0 rg BT 350.97 599.60 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 410.80 599.60 Td (and ) Tj ET Q q 0 0 0 rg BT 430.93 599.60 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 493.66 599.60 Td (which ) Tj ET Q q 0 0 0 rg BT 523.12 599.60 Td (can ) Tj ET Q q 0 0 0 rg BT 542.66 599.60 Td (vary ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 587.00 Td (depending ) Tj ET Q q 0 0 0 rg BT 137.55 587.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 163.91 587.00 Td (accounting ) Tj ET Q q 0 0 0 rg BT 217.71 587.00 Td (methods, ) Tj ET Q q 0 0 0 rg BT 263.90 587.00 Td (the ) Tj ET Q q 0 0 0 rg BT 281.50 587.00 Td (book ) Tj ET Q q 0 0 0 rg BT 307.27 587.00 Td (value ) Tj ET Q q 0 0 0 rg BT 335.37 587.00 Td (of ) Tj ET Q q 0 0 0 rg BT 347.13 587.00 Td (assets, ) Tj ET Q q 0 0 0 rg BT 383.40 587.00 Td (and ) Tj ET Q q 0 0 0 rg BT 403.92 587.00 Td (the ) Tj ET Q q 0 0 0 rg BT 421.52 587.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 455.44 587.00 Td (of ) Tj ET Q q 0 0 0 rg BT 467.20 587.00 Td (our ) Tj ET Q q 0 0 0 rg BT 485.38 587.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 518.73 587.00 Td (structure; ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 574.40 Td (and) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 67.50 557.80 Td ( ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 557.80 Td (W) Tj ET Q q 0 0 0 rg BT 95.22 557.80 Td (e ) Tj ET Q q 0 0 0 rg BT 104.38 557.80 Td (believe ) Tj ET Q q 0 0 0 rg BT 140.97 557.80 Td (NOI ) Tj ET Q q 0 0 0 rg BT 162.96 557.80 Td (helps ) Tj ET Q q 0 0 0 rg BT 191.38 557.80 Td (our ) Tj ET Q q 0 0 0 rg BT 209.87 557.80 Td (investors ) Tj ET Q q 0 0 0 rg BT 255.21 557.80 Td (to ) Tj ET Q q 0 0 0 rg BT 267.28 557.80 Td (meaningfully ) Tj ET Q q 0 0 0 rg BT 329.55 557.80 Td (compare ) Tj ET Q q 0 0 0 rg BT 373.72 557.80 Td (the ) Tj ET Q q 0 0 0 rg BT 391.64 557.80 Td (results ) Tj ET Q q 0 0 0 rg BT 425.88 557.80 Td (of ) Tj ET Q q 0 0 0 rg BT 437.96 557.80 Td (our ) Tj ET Q q 0 0 0 rg BT 456.45 557.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 503.56 557.80 Td (performance ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 545.20 Td (from ) Tj ET Q q 0 0 0 rg BT 109.61 545.20 Td (period ) Tj ET Q q 0 0 0 rg BT 141.91 545.20 Td (to ) Tj ET Q q 0 0 0 rg BT 153.78 545.20 Td (period ) Tj ET Q q 0 0 0 rg BT 186.08 545.20 Td (by ) Tj ET Q q 0 0 0 rg BT 200.28 545.20 Td (removing ) Tj ET Q q 0 0 0 rg BT 246.58 545.20 Td (the ) Tj ET Q q 0 0 0 rg BT 264.29 545.20 Td (impact ) Tj ET Q q 0 0 0 rg BT 298.33 545.20 Td (of ) Tj ET Q q 0 0 0 rg BT 310.19 545.20 Td (our ) Tj ET Q q 0 0 0 rg BT 328.48 545.20 Td (capital ) Tj ET Q q 0 0 0 rg BT 361.95 545.20 Td (structure ) Tj ET Q q 0 0 0 rg BT 405.91 545.20 Td (\(primarily ) Tj ET Q q 0 0 0 rg BT 452.18 545.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 489.73 545.20 Td (expense ) Tj ET Q q 0 0 0 rg BT 532.54 545.20 Td (on ) Tj ET Q q 0 0 0 rg BT 547.33 545.20 Td (our ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 85.50 532.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 142.71 532.60 Td (indebtedness\) ) Tj ET Q q 0 0 0 rg BT 211.60 532.60 Td (and ) Tj ET Q q 0 0 0 rg BT 232.03 532.60 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 292.16 532.60 Td (of ) Tj ET Q q 0 0 0 rg BT 303.84 532.60 Td (the ) Tj ET Q q 0 0 0 rg BT 321.35 532.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 343.53 532.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 370.96 532.60 Td (of ) Tj ET Q q 0 0 0 rg BT 382.63 532.60 Td (our ) Tj ET Q q 0 0 0 rg BT 400.72 532.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 433.99 532.60 Td (from ) Tj ET Q q 0 0 0 rg BT 457.91 532.60 Td (our ) Tj ET Q q 0 0 0 rg BT 476.00 532.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 522.70 532.60 Td (results.) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 67.50 516.00 Td (There ) Tj ET Q q 0 0 0 rg BT 97.53 516.00 Td (are ) Tj ET Q q 0 0 0 rg BT 115.30 516.00 Td (material ) Tj ET Q q 0 0 0 rg BT 155.25 516.00 Td (limitations ) Tj ET Q q 0 0 0 rg BT 204.53 516.00 Td (to ) Tj ET Q q 0 0 0 rg BT 215.88 516.00 Td (using ) Tj ET Q q 0 0 0 rg BT 243.58 516.00 Td (a ) Tj ET Q q 0 0 0 rg BT 252.02 516.00 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 302.03 516.00 Td ( ) Tj ET Q q 0 0 0 rg BT 304.63 516.00 Td (measure ) Tj ET Q q 0 0 0 rg BT 348.08 516.00 Td (such ) Tj ET Q q 0 0 0 rg BT 372.85 516.00 Td (as ) Tj ET Q q 0 0 0 rg BT 386.54 516.00 Td (NOI, ) Tj ET Q q 0 0 0 rg BT 410.73 516.00 Td (including ) Tj ET Q q 0 0 0 rg BT 454.77 516.00 Td (the ) Tj ET Q q 0 0 0 rg BT 471.97 516.00 Td (dif) Tj ET Q q 0 0 0 rg BT 482.87 516.00 Td (ficulty ) Tj ET Q q 0 0 0 rg BT 512.31 516.00 Td (associated ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 503.40 Td (with ) Tj ET Q q 0 0 0 rg BT 72.14 503.40 Td (comparing ) Tj ET Q q 0 0 0 rg BT 125.13 503.40 Td (results ) Tj ET Q q 0 0 0 rg BT 160.02 503.40 Td (among ) Tj ET Q q 0 0 0 rg BT 196.09 503.40 Td (more ) Tj ET Q q 0 0 0 rg BT 223.98 503.40 Td (than ) Tj ET Q q 0 0 0 rg BT 248.39 503.40 Td (one ) Tj ET Q q 0 0 0 rg BT 269.87 503.40 Td (company ) Tj ET Q q 0 0 0 rg BT 316.44 503.40 Td (and ) Tj ET Q q 0 0 0 rg BT 337.93 503.40 Td (the ) Tj ET Q q 0 0 0 rg BT 356.49 503.40 Td (inability ) Tj ET Q q 0 0 0 rg BT 395.48 503.40 Td (to ) Tj ET Q q 0 0 0 rg BT 408.20 503.40 Td (analyze ) Tj ET Q q 0 0 0 rg BT 448.36 503.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 483.84 503.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 534.50 503.40 Td (items, ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 490.80 Td (including ) Tj ET Q q 0 0 0 rg BT 93.27 490.80 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 152.79 490.80 Td (and ) Tj ET Q q 0 0 0 rg BT 172.63 490.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 209.38 490.80 Td (expense, ) Tj ET Q q 0 0 0 rg BT 254.32 490.80 Td (that ) Tj ET Q q 0 0 0 rg BT 274.15 490.80 Td (directly ) Tj ET Q q 0 0 0 rg BT 309.73 490.80 Td (af) Tj ET Q q 0 0 0 rg BT 318.29 490.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 337.54 490.80 Td (our ) Tj ET Q q 0 0 0 rg BT 355.03 490.80 Td (net ) Tj ET Q q 0 0 0 rg BT 371.95 490.80 Td (loss. ) Tj ET Q q 0 0 0 rg BT 395.85 490.80 Td (W) Tj ET Q q 0 0 0 rg BT 405.58 490.80 Td (e ) Tj ET Q q 0 0 0 rg BT 413.73 490.80 Td (compensate ) Tj ET Q q 0 0 0 rg BT 473.25 490.80 Td (for ) Tj ET Q q 0 0 0 rg BT 487.83 490.80 Td (these ) Tj ET Q q 0 0 0 rg BT 515.83 490.80 Td (limitations ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 478.20 Td (by ) Tj ET Q q 0 0 0 rg BT 63.70 478.20 Td (considering ) Tj ET Q q 0 0 0 rg BT 120.51 478.20 Td (the ) Tj ET Q q 0 0 0 rg BT 138.21 478.20 Td (economic ) Tj ET Q q 0 0 0 rg BT 186.26 478.20 Td (ef) Tj ET Q q 0 0 0 rg BT 194.82 478.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 214.85 478.20 Td (of ) Tj ET Q q 0 0 0 rg BT 226.72 478.20 Td (the ) Tj ET Q q 0 0 0 rg BT 244.42 478.20 Td (excluded ) Tj ET Q q 0 0 0 rg BT 289.56 478.20 Td (expense ) Tj ET Q q 0 0 0 rg BT 332.37 478.20 Td (items ) Tj ET Q q 0 0 0 rg BT 360.56 478.20 Td (independently ) Tj ET Q q 0 0 0 rg BT 429.06 478.20 Td (as ) Tj ET Q q 0 0 0 rg BT 443.26 478.20 Td (well ) Tj ET Q q 0 0 0 rg BT 464.45 478.20 Td (as ) Tj ET Q q 0 0 0 rg BT 478.65 478.20 Td (in ) Tj ET Q q 0 0 0 rg BT 489.93 478.20 Td (connection ) Tj ET Q q 0 0 0 rg BT 543.83 478.20 Td (with ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 465.60 Td (our ) Tj ET Q q 0 0 0 rg BT 68.64 465.60 Td (analysis ) Tj ET Q q 0 0 0 rg BT 110.53 465.60 Td (of ) Tj ET Q q 0 0 0 rg BT 123.25 465.60 Td (net ) Tj ET Q q 0 0 0 rg BT 141.80 465.60 Td (income ) Tj ET Q q 0 0 0 rg BT 179.61 465.60 Td (\(loss\). ) Tj ET Q q 0 0 0 rg BT 212.15 465.60 Td (NOI ) Tj ET Q q 0 0 0 rg BT 234.78 465.60 Td (should ) Tj ET Q q 0 0 0 rg BT 269.68 465.60 Td (be ) Tj ET Q q 0 0 0 rg BT 285.32 465.60 Td (considered ) Tj ET Q q 0 0 0 rg BT 340.65 465.60 Td (in ) Tj ET Q q 0 0 0 rg BT 352.78 465.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 393.52 465.60 Td (to, ) Tj ET Q q 0 0 0 rg BT 409.15 465.60 Td (but ) Tj ET Q q 0 0 0 rg BT 427.71 465.60 Td (not ) Tj ET Q q 0 0 0 rg BT 446.27 465.60 Td (as ) Tj ET Q q 0 0 0 rg BT 461.32 465.60 Td (a ) Tj ET Q q 0 0 0 rg BT 471.11 465.60 Td (substitute ) Tj ET Q q 0 0 0 rg BT 520.02 465.60 Td (for) Tj ET Q q 0 0 0 rg BT 531.69 465.60 Td (, ) Tj ET Q q 0 0 0 rg BT 538.57 465.60 Td (other ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 453.00 Td (measures ) Tj ET Q q 0 0 0 rg BT 99.57 453.00 Td (of ) Tj ET Q q 0 0 0 rg BT 112.30 453.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 154.80 453.00 Td (performance ) Tj ET Q q 0 0 0 rg BT 217.72 453.00 Td (reported ) Tj ET Q q 0 0 0 rg BT 260.80 453.00 Td (in ) Tj ET Q q 0 0 0 rg BT 272.94 453.00 Td (accordance ) Tj ET Q q 0 0 0 rg BT 331.20 453.00 Td (with ) Tj ET Q q 0 0 0 rg BT 353.85 453.00 Td (GAAP) Tj ET Q q 0 0 0 rg BT 381.67 453.00 Td (, ) Tj ET Q q 0 0 0 rg BT 388.56 453.00 Td (such ) Tj ET Q q 0 0 0 rg BT 414.71 453.00 Td (as ) Tj ET Q q 0 0 0 rg BT 429.77 453.00 Td (total ) Tj ET Q q 0 0 0 rg BT 453.59 453.00 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 503.68 453.00 Td (income ) Tj ET Q q 0 0 0 rg BT 541.50 453.00 Td (from ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 440.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 101.45 440.40 Td (and ) Tj ET Q q 0 0 0 rg BT 121.89 440.40 Td (net ) Tj ET Q q 0 0 0 rg BT 139.41 440.40 Td (loss.) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 423.80 Td (NET ) Tj ET Q q 0 0 0 rg BT 73.42 423.80 Td (OPERA) Tj ET Q q 0 0 0 rg BT 109.98 423.80 Td (TING ) Tj ET Q q 0 0 0 rg BT 137.98 423.80 Td (INCOME ) Tj ET Q q 0 0 0 rg BT 182.90 423.80 Td (MARGIN:) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 228.97 423.80 Td () Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 231.60 423.80 Td (The ) Tj ET Q q 0 0 0 rg BT 252.61 423.80 Td (ratio ) Tj ET Q q 0 0 0 rg BT 275.95 423.80 Td (of ) Tj ET Q q 0 0 0 rg BT 287.63 423.80 Td (NOI ) Tj ET Q q 0 0 0 rg BT 309.21 423.80 Td (divided ) Tj ET Q q 0 0 0 rg BT 345.41 423.80 Td (by ) Tj ET Q q 0 0 0 rg BT 359.42 423.80 Td (total ) Tj ET Q q 0 0 0 rg BT 382.18 423.80 Td (revenue.) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 407.20 Td (NON-SAME ) Tj ET Q q 0 0 0 rg BT 110.05 407.20 Td (ST) Tj ET Q q 0 0 0 rg BT 123.28 407.20 Td (ORE ) Tj ET Q q 0 0 0 rg BT 149.42 407.20 Td (PORTFOLIO: ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 217.55 407.20 Td (Non-same ) Tj ET Q q 0 0 0 rg BT 269.37 407.20 Td (store ) Tj ET Q q 0 0 0 rg BT 296.10 407.20 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 336.85 407.20 Td (comprises ) Tj ET Q q 0 0 0 rg BT 388.08 407.20 Td (those ) Tj ET Q q 0 0 0 rg BT 417.15 407.20 Td (properties ) Tj ET Q q 0 0 0 rg BT 467.23 407.20 Td (that ) Tj ET Q q 0 0 0 rg BT 488.13 407.20 Td (do ) Tj ET Q q 0 0 0 rg BT 503.20 407.20 Td (not ) Tj ET Q q 0 0 0 rg BT 521.18 407.20 Td (meet ) Tj ET Q q 0 0 0 rg BT 547.91 407.20 Td (the ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 394.60 Td (Same ) Tj ET Q q 0 0 0 rg BT 79.85 394.60 Td (Store ) Tj ET Q q 0 0 0 rg BT 107.86 394.60 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 148.14 394.60 Td (property ) Tj ET Q q 0 0 0 rg BT 189.57 394.60 Td (definition.) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 378.00 Td (OCCUP) Tj ET Q q 0 0 0 rg BT 86.64 378.00 Td (ANCY) Tj ET Q q 0 0 0 rg BT 116.20 378.00 Td ( ) Tj ET Q q 0 0 0 rg BT 117.90 378.00 Td (A) Tj ET Q q 0 0 0 rg BT 124.70 378.00 Td (T ) Tj ET Q q 0 0 0 rg BT 133.07 378.00 Td (PERIOD ) Tj ET Q q 0 0 0 rg BT 175.29 378.00 Td (END: ) Tj ET Q BT /F1 10.50 Tf ET q 0 0 0 rg BT 202.91 378.00 Td () Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 205.53 378.00 Td (Represents ) Tj ET Q q 0 0 0 rg BT 261.19 378.00 Td (total ) Tj ET Q q 0 0 0 rg BT 282.99 378.00 Td (occupied ) Tj ET Q q 0 0 0 rg BT 326.98 378.00 Td (rentable ) Tj ET Q q 0 0 0 rg BT 366.88 378.00 Td (square ) Tj ET Q q 0 0 0 rg BT 400.94 378.00 Td (feet ) Tj ET Q q 0 0 0 rg BT 420.41 378.00 Td (divided ) Tj ET Q q 0 0 0 rg BT 455.64 378.00 Td (by ) Tj ET Q q 0 0 0 rg BT 468.69 378.00 Td (total ) Tj ET Q q 0 0 0 rg BT 490.49 378.00 Td (rentable ) Tj ET Q q 0 0 0 rg BT 530.40 378.00 Td (square ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 365.40 Td (feet ) Tj ET Q q 0 0 0 rg BT 69.93 365.40 Td (at ) Tj ET Q q 0 0 0 rg BT 81.61 365.40 Td (period ) Tj ET Q q 0 0 0 rg BT 113.71 365.40 Td (end.) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 348.80 Td (PROs:) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 81.59 348.80 Td ( ) Tj ET Q q 0 0 0 rg BT 83.72 348.80 Td (Participating ) Tj ET Q q 0 0 0 rg BT 143.64 348.80 Td (regional ) Tj ET Q q 0 0 0 rg BT 183.13 348.80 Td (operators, ) Tj ET Q q 0 0 0 rg BT 232.54 348.80 Td (or ) Tj ET Q q 0 0 0 rg BT 244.01 348.80 Td ("PROs", ) Tj ET Q q 0 0 0 rg BT 284.52 348.80 Td (are ) Tj ET Q q 0 0 0 rg BT 301.83 348.80 Td (our ) Tj ET Q q 0 0 0 rg BT 319.14 348.80 Td (experienced ) Tj ET Q q 0 0 0 rg BT 378.48 348.80 Td (regional ) Tj ET Q q 0 0 0 rg BT 417.97 348.80 Td (self ) Tj ET Q q 0 0 0 rg BT 436.44 348.80 Td (storage ) Tj ET Q q 0 0 0 rg BT 473.60 348.80 Td (operators ) Tj ET Q q 0 0 0 rg BT 520.09 348.80 Td (with ) Tj ET Q q 0 0 0 rg BT 540.90 348.80 Td (local ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 336.20 Td (operational ) Tj ET Q q 0 0 0 rg BT 104.60 336.20 Td (focus ) Tj ET Q q 0 0 0 rg BT 132.83 336.20 Td (and ) Tj ET Q q 0 0 0 rg BT 153.49 336.20 Td (expertise. ) Tj ET Q q 0 0 0 rg BT 202.15 336.20 Td ( ) Tj ET Q q 0 0 0 rg BT 204.66 336.20 Td (As ) Tj ET Q q 0 0 0 rg BT 220.05 336.20 Td (of ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 231.94 336.20 Td (March31, ) Tj ET Q q 0 0 0 rg BT 281.77 336.20 Td (2016) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 305.13 336.20 Td (, ) Tj ET Q q 0 0 0 rg BT 311.18 336.20 Td (our ) Tj ET Q q 0 0 0 rg BT 329.50 336.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 377.57 336.20 Td (had ) Tj ET Q q 0 0 0 rg BT 398.23 336.20 Td (six ) Tj ET Q q 0 0 0 rg BT 414.20 336.20 Td (PROs, ) Tj ET Q q 0 0 0 rg BT 448.25 336.20 Td (SecurCare ) Tj ET Q q 0 0 0 rg BT 501.58 336.20 Td (Self ) Tj ET Q q 0 0 0 rg BT 522.81 336.20 Td (Storage, ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 323.60 Td (Northwest ) Tj ET Q q 0 0 0 rg BT 101.03 323.60 Td (Self ) Tj ET Q q 0 0 0 rg BT 123.39 323.60 Td (Storage, ) Tj ET Q q 0 0 0 rg BT 167.34 323.60 Td (Optivest ) Tj ET Q q 0 0 0 rg BT 210.12 323.60 Td (Properties, ) Tj ET Q q 0 0 0 rg BT 265.16 323.60 Td (Guardian ) Tj ET Q q 0 0 0 rg BT 312.61 323.60 Td (Storage ) Tj ET Q q 0 0 0 rg BT 353.65 323.60 Td (Centers, ) Tj ET Q q 0 0 0 rg BT 397.60 323.60 Td (Move ) Tj ET Q q 0 0 0 rg BT 427.54 323.60 Td (It ) Tj ET Q q 0 0 0 rg BT 437.63 323.60 Td (Self ) Tj ET Q q 0 0 0 rg BT 459.99 323.60 Td (Storage, ) Tj ET Q q 0 0 0 rg BT 503.95 323.60 Td (and ) Tj ET Q q 0 0 0 rg BT 525.73 323.60 Td (Storage ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 311.00 Td (Solutions. ) Tj ET Q q 0 0 0 rg BT 99.08 311.00 Td (On ) Tj ET Q q 0 0 0 rg BT 115.87 311.00 Td (April ) Tj ET Q q 0 0 0 rg BT 140.35 311.00 Td (1, ) Tj ET Q q 0 0 0 rg BT 152.58 311.00 Td (2016, ) Tj ET Q q 0 0 0 rg BT 182.32 311.00 Td (the ) Tj ET Q q 0 0 0 rg BT 200.39 311.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 248.80 311.00 Td (completed ) Tj ET Q q 0 0 0 rg BT 300.72 311.00 Td (its ) Tj ET Q q 0 0 0 rg BT 314.69 311.00 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 367.77 311.00 Td (of ) Tj ET Q q 0 0 0 rg BT 380.00 311.00 Td (a ) Tj ET Q q 0 0 0 rg BT 389.31 311.00 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 430.14 311.00 Td (of ) Tj ET Q q 0 0 0 rg BT 442.36 311.00 Td (14 ) Tj ET Q q 0 0 0 rg BT 457.51 311.00 Td (self ) Tj ET Q q 0 0 0 rg BT 477.33 311.00 Td (storage ) Tj ET Q q 0 0 0 rg BT 515.82 311.00 Td (properties ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 298.40 Td (from ) Tj ET Q q 0 0 0 rg BT 73.42 298.40 Td (Hide-A) Tj ET Q q 0 0 0 rg BT 105.32 298.40 Td (way ) Tj ET Q q 0 0 0 rg BT 126.91 298.40 Td (of ) Tj ET Q q 0 0 0 rg BT 138.59 298.40 Td (Sarasota, ) Tj ET Q q 0 0 0 rg BT 186.45 298.40 Td (Florida, ) Tj ET Q q 0 0 0 rg BT 224.38 298.40 Td (and ) Tj ET Q q 0 0 0 rg BT 244.82 298.40 Td (added ) Tj ET Q q 0 0 0 rg BT 276.94 298.40 Td (Hide-A) Tj ET Q q 0 0 0 rg BT 308.84 298.40 Td (way ) Tj ET Q q 0 0 0 rg BT 330.43 298.40 Td (as ) Tj ET Q q 0 0 0 rg BT 344.44 298.40 Td (the ) Tj ET Q q 0 0 0 rg BT 361.95 298.40 Td (Company's ) Tj ET Q q 0 0 0 rg BT 417.07 298.40 Td (seventh ) Tj ET Q q 0 0 0 rg BT 456.76 298.40 Td (PRO.) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 281.80 Td (RENT) Tj ET Q q 0 0 0 rg BT 77.30 281.80 Td (ABLE ) Tj ET Q q 0 0 0 rg BT 111.29 281.80 Td (SQUARE ) Tj ET Q q 0 0 0 rg BT 161.61 281.80 Td (FEET) Tj ET Q q 0 0 0 rg BT 187.29 281.80 Td (: ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 196.18 281.80 Td (Rentable ) Tj ET Q q 0 0 0 rg BT 243.62 281.80 Td (square ) Tj ET Q q 0 0 0 rg BT 281.13 281.80 Td (feet ) Tj ET Q q 0 0 0 rg BT 304.04 281.80 Td (includes ) Tj ET Q q 0 0 0 rg BT 347.97 281.80 Td (all ) Tj ET Q q 0 0 0 rg BT 363.88 281.80 Td (enclosed ) Tj ET Q q 0 0 0 rg BT 411.31 281.80 Td (self ) Tj ET Q q 0 0 0 rg BT 433.05 281.80 Td (storage ) Tj ET Q q 0 0 0 rg BT 473.48 281.80 Td (units ) Tj ET Q q 0 0 0 rg BT 501.06 281.80 Td (but ) Tj ET Q q 0 0 0 rg BT 521.06 281.80 Td (excludes ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 269.20 Td (commercial, ) Tj ET Q q 0 0 0 rg BT 109.01 269.20 Td (residential, ) Tj ET Q q 0 0 0 rg BT 162.71 269.20 Td (and ) Tj ET Q q 0 0 0 rg BT 183.14 269.20 Td (covered ) Tj ET Q q 0 0 0 rg BT 223.42 269.20 Td (parking ) Tj ET Q q 0 0 0 rg BT 260.77 269.20 Td (space.) Tj ET Q BT /F3 10.50 Tf ET q 0 0 0 rg BT 49.50 252.60 Td (SAME ) Tj ET Q q 0 0 0 rg BT 83.20 252.60 Td (ST) Tj ET Q q 0 0 0 rg BT 96.42 252.60 Td (ORE ) Tj ET Q q 0 0 0 rg BT 122.54 252.60 Td (PORTFOLIO: ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 190.64 252.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 211.50 252.60 Td (same ) Tj ET Q q 0 0 0 rg BT 240.54 252.60 Td (store ) Tj ET Q q 0 0 0 rg BT 267.24 252.60 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 307.96 252.60 Td (is ) Tj ET Q q 0 0 0 rg BT 318.90 252.60 Td (defined ) Tj ET Q q 0 0 0 rg BT 356.71 252.60 Td (as ) Tj ET Q q 0 0 0 rg BT 371.16 252.60 Td (those ) Tj ET Q q 0 0 0 rg BT 400.20 252.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 450.25 252.60 Td (owned ) Tj ET Q q 0 0 0 rg BT 484.55 252.60 Td (and ) Tj ET Q q 0 0 0 rg BT 505.43 252.60 Td (operated ) Tj ET Q q 0 0 0 rg BT 550.24 252.60 Td (for ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 240.00 Td (the ) Tj ET Q q 0 0 0 rg BT 68.03 240.00 Td (entirety ) Tj ET Q q 0 0 0 rg BT 106.40 240.00 Td (of ) Tj ET Q q 0 0 0 rg BT 119.09 240.00 Td (the ) Tj ET Q q 0 0 0 rg BT 137.62 240.00 Td (applicable ) Tj ET Q q 0 0 0 rg BT 188.85 240.00 Td (periods ) Tj ET Q q 0 0 0 rg BT 227.22 240.00 Td (presented, ) Tj ET Q q 0 0 0 rg BT 280.78 240.00 Td (excluding ) Tj ET Q q 0 0 0 rg BT 329.08 240.00 Td (any ) Tj ET Q q 0 0 0 rg BT 349.94 240.00 Td (properties ) Tj ET Q q 0 0 0 rg BT 400.57 240.00 Td (we ) Tj ET Q q 0 0 0 rg BT 417.92 240.00 Td (sold ) Tj ET Q q 0 0 0 rg BT 441.12 240.00 Td (or ) Tj ET Q q 0 0 0 rg BT 454.39 240.00 Td (where ) Tj ET Q q 0 0 0 rg BT 486.93 240.00 Td (we ) Tj ET Q q 0 0 0 rg BT 504.28 240.00 Td (completed ) Tj ET Q q 0 0 0 rg BT 556.66 240.00 Td (a ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 227.40 Td (storage ) Tj ET Q q 0 0 0 rg BT 90.42 227.40 Td (space ) Tj ET Q q 0 0 0 rg BT 124.35 227.40 Td (expansion ) Tj ET Q q 0 0 0 rg BT 178.12 227.40 Td (which ) Tj ET Q q 0 0 0 rg BT 210.87 227.40 Td (caused ) Tj ET Q q 0 0 0 rg BT 250.63 227.40 Td (the ) Tj ET Q q 0 0 0 rg BT 271.13 227.40 Td (property's ) Tj ET Q q 0 0 0 rg BT 322.80 227.40 Td (year-over-year ) Tj ET Q q 0 0 0 rg BT 396.98 227.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 446.66 227.40 Td (results ) Tj ET Q q 0 0 0 rg BT 483.49 227.40 Td (to ) Tj ET Q q 0 0 0 rg BT 498.15 227.40 Td (no ) Tj ET Q q 0 0 0 rg BT 515.73 227.40 Td (longer ) Tj ET Q q 0 0 0 rg BT 550.82 227.40 Td (be ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 214.80 Td (comparable. ) Tj ET Q q 0 0 0 rg BT 109.49 214.80 Td (Our ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 129.20 214.80 Td (2016) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 152.56 214.80 Td ( ) Tj ET Q q 0 0 0 rg BT 154.77 214.80 Td (same ) Tj ET Q q 0 0 0 rg BT 182.65 214.80 Td (store ) Tj ET Q q 0 0 0 rg BT 208.20 214.80 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 247.76 214.80 Td (consists ) Tj ET Q q 0 0 0 rg BT 287.90 214.80 Td (of ) Tj ET Q q 0 0 0 rg BT 298.86 214.80 Td (only ) Tj ET Q q 0 0 0 rg BT 320.33 214.80 Td (those ) Tj ET Q q 0 0 0 rg BT 348.23 214.80 Td (properties ) Tj ET Q q 0 0 0 rg BT 397.13 214.80 Td (that ) Tj ET Q q 0 0 0 rg BT 416.85 214.80 Td (were ) Tj ET Q q 0 0 0 rg BT 441.81 214.80 Td (included ) Tj ET Q q 0 0 0 rg BT 483.13 214.80 Td (in ) Tj ET Q q 0 0 0 rg BT 493.51 214.80 Td (the ) Tj ET Q q 0 0 0 rg BT 510.32 214.80 Td (Company's ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 202.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 111.96 202.20 Td (results ) Tj ET Q q 0 0 0 rg BT 146.38 202.20 Td (since ) Tj ET Q q 0 0 0 rg BT 174.39 202.20 Td (January1, ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 226.92 202.20 Td (2015) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 250.27 202.20 Td (, ) Tj ET Q q 0 0 0 rg BT 256.69 202.20 Td (excluding ) Tj ET Q q 0 0 0 rg BT 304.55 202.20 Td (one ) Tj ET Q q 0 0 0 rg BT 325.56 202.20 Td (property ) Tj ET Q q 0 0 0 rg BT 367.58 202.20 Td (where ) Tj ET Q q 0 0 0 rg BT 399.67 202.20 Td (the ) Tj ET Q q 0 0 0 rg BT 417.77 202.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 466.20 202.20 Td (completed ) Tj ET Q q 0 0 0 rg BT 518.14 202.20 Td (a ) Tj ET Q q 0 0 0 rg BT 527.48 202.20 Td (storage ) Tj ET Q BT /F2 10.50 Tf ET q 0 0 0 rg BT 49.50 189.60 Td (space ) Tj ET Q q 0 0 0 rg BT 80.44 189.60 Td (expansion ) Tj ET Q q 0 0 0 rg BT 131.23 189.60 Td (during ) Tj ET Q q 0 0 0 rg BT 163.33 189.60 Td (the ) Tj ET Q q 0 0 0 rg BT 180.85 189.60 Td (year ) Tj ET Q q 0 0 0 rg BT 204.19 189.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 236.31 189.60 Td (December ) Tj ET Q q 0 0 0 rg BT 287.66 189.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 305.18 189.60 Td (2015. ) 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 <> /View <>>>>> endobj 48 0 obj <> /View <>>>>> endobj 49 0 obj <> endobj 50 0 obj <> stream xy\E7~n{{w'd'52 HaGPPA!"" b-&h,+TLy?:uk?uΩoH""?W~.Xv3&rm 2\jMgwm'CڴzlycǏ\ rBjx\DsV@{twocmC{Iwl11z:1m!t-\q3D.:yz'Wɨp[_F=>E"ǢӦ/|K&_~=!wn-az3¦h$7,ؑ2Oo_eSFLlk}Fg[F>|;