2012 ANNUAL REPORT


STRENGTHENING
FINANCIAL POSITION

BUILD ONE OF THE STRONGEST BALANCE SHEETS IN THE INDUSTRY AND LOWER OUR OVERALL BUSINESS RISK.
$800M
DEBT REDUCTION
LOOK-THOUGH DEBT DECREASED $800 M AND ENDED THE YEAR WITH 43.9% LEVERAGE
58%
U.S DOLLAR NET EQUITY
IMPROVED OUR U.S. DOLLAR NET EQUITY TO 58% AT YEAR END
Hamid R. Moghadam Chairman and
Chief Executive Officer
$1.74
CORE FFO PER FULLY DILUTED SHARE
FFO FOR FULL YEAR 2012 COMPARED TO $1.58 FOR FULL YEAR 2011.
$4.8B
CAPITAL MARKETS ACTIVITY
COMPLETED $4.8B IN CAPITAL MARKETS ACTIVITY INCLUDING DEBT FINANCINGS, REFINANCINGS AND PAYDOWNS