1. Key metrics for the future of the on-going business (not including the "bonus" from litigation) – the %'s are the best numbers to watch, then the gross dollar amounts:

    a) 2012′s fourth quarter income is about 14% higher than the $76 million reported in the same period last year.

    b) Funds from operations (FFO) rose to $0.99 per diluted common share, up from $0.89 a share, in the quarter. Full-year FFO per diluted common share was $3.80, up 13% from the comparable 2011 period.

    c) The REIT’s private pay senior housing portfolio’s annual total NOI was $386.6 million, while quarterly same-store NOI grew 6.2% and occupancy rose 360 basis points to 91.9% in the fourth quarter compared to the same period in 2011.

    Extremely strong results.
    Chris Foley
    Sr. V.P.
    Equity National Seniors Housing Brokerage & Advisors