PRO FORMA FINANCIAL INFORMATION
 9 Months Ended
Sep. 30, 2017
PRO FORMA FINANCIAL INFORMATION  
PRO FORMA FINANCIAL INFORMATION

15. PRO FORMA FINANCIAL INFORMATION

 

During the nine months ended September 30, 2017 and the year ended December 31, 2016, the Company acquired three stores for an aggregate purchase price of approximately $33.1 million (see note 4) and 28 stores for an aggregate purchase price of approximately $403.6 million, respectively.

 

The condensed consolidated pro forma financial information set forth below reflects adjustments to the Company’s historical financial data to give effect to each of the acquisitions and related financing activity (including the issuance of common shares) that occurred during 2017 and 2016 as if each had occurred as of January 1, 2016 and 2015, respectively. The unaudited pro forma information presented below does not purport to represent what the Company’s actual results of operations would have been for the periods indicated, nor does it purport to represent the Company’s future results of operations.

 

The following table summarizes, on a pro forma basis, the Company’s consolidated results of operations for the nine months ended September 30, 2017 and 2016 based on the assumptions described above:

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 

 

 

    

2017

    

2016

 

 

 

(in thousands, except per share data)

 

 

 

 

 

 

 

 

 

Pro forma revenue

 

$

416,145

 

$

389,108

 

Pro forma net income from continuing operations

 

$

105,736

 

$

84,530

 

Earnings per common share from continuing operations:

 

 

 

 

 

 

 

Basic - as reported

 

$

0.53

 

$

0.32

 

Diluted - as reported

 

$

0.52

 

$

0.32

 

Basic - as pro forma

 

$

0.58

 

$

0.45

 

Diluted - as pro forma

 

$

0.58

 

$

0.45