MARKET FOR REGISTRANT’S COMMON EQUITY AND RELATED SHAREHOLDER MATTERS The common shares commenced trading on the New York Stock Exchange on May 28, 1993. The ini- tial public offering price was $22.50 per share. The following table sets forth the high and low sales prices of the common shares as reported on the New York Stock Exchange Composite Tape, during the peri- ods indicated: Common 2003 High Low Dividends Paid First Quarter $  31.15 $  28.80 $ .6125 Second Quarter 33.63 30.59 .6150 Third Quarter 36.82 32.94 .6150 Fourth Quarter 43.00 36.29 .6150 Year 2003 $  43.00 $ 28.80 $ 2.4575 Common 2002 High Low Dividends Paid First Quarter $  27.50 $  20.75 $ .6100 Second Quarter 30.00 25.40 .6125 Third Quarter 29.90 23.00 .6125 Fourth Quarter 31.20 24.34 .6125 Year 2002 $ 31.20 $  20.75 $ 2.4475 As of February 1, 2004, there were approximately 710 shareholders of record. Certain of our debt agree- ments limit the payment of dividends such that dividends shall not exceed FFO, as defined in the agree- ments, for the prior fiscal year on an annual basis or 95% of FFO on a cumulative basis. Based on con- tinuing favorable operations and available funds from operations, we intend to continue to pay regular quarterly dividends. 62 | 2003 ANNUAL REPORT