Investor Presentaiton
Effective Balance Sheet Management Provides Financial Flexibility
CONSERVATIVE
CAPITALIZATION
Debt to adjusted
Normalized EBITDA ratio:
4.96x
SIGNIFICANT
LIQUIDITY
Availability under
$1.45B revolving credit
facility:
~$1.43B
Well-laddered debt maturities:
Only ~8% of debt
maturing in 2024
FINANCIAL
FLEXIBILITY
Minimal encumbered assets:
0.6%
Of gross real estate assets are encumbered
Funded Debt to TAV:
46%
(Determined pursuant to
bond covenants)
Adjusted Fixed Charge
Ratio > 1.5x:
3.8
DIVIDEND PAYOUT
RATIOS
AFFO Payout Ratio:
99.1%
FAD Payout Ratio:
105.2%
Consistent dividend
increases:
$0.67
($2.68 annualized)
QOMEGA
SOURCE
The above include non-GAAP financial measures. See disclaimers page for further information.
INVESTOR PRESENTATION 52
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