Financial Contents and Financial Reconciliation FINANCIAL CONTENTS Selected Financial Data  24 Management’s Discussion and Analysis of Financial Condition and Results of Operations  25 Report of Independent Auditors  43 Report of Independent Accountants  44 Consolidated Balance Sheets  45 Consolidated Statements of Operations and Comprehensive Income  46 Consolidated Statements of Cash Flows  47 Consolidated Statements of Shareholders’ Equity  48 Notes to Financial Statements  50 FINANCIAL RECONCILIATION Reconciliation of Diluted Net Income per Share to Diluted Funds from Operations (“FFO”) per Share 2003 2002  2001 Diluted net income per share  $ 1.65 $ 1.99 $ 0.85 Plus: Depreciation and amortization from consolidated  properties and the Company’s share of depreciation and amortization and other items from unconsolidated affiliates, net of minority interest portion of depreciation and amortization  2.56  2.52 2.46 Plus: Cumulative effect of accounting change  – – 0.01 Less: Gain on sales of real estate and discontinued operations   (0.07 )  (0.69 )   (0.01 ) Less: Impact of additional dilutive securities for FFO per share   (0.10 )  (0.06 )   (0.05 ) Diluted FFO per share*  $ 4.04 $ 3.76 $ 3.26 23 2003 annual report * FFO is a non-GAAP financial measure that we believe provides useful information to investors. Please refer to Management’s Discussion and Analysis of Financial Condition and Results of Operation for a definition of FFO.