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Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2012
Selected Quarterly Financial Data (Unaudited)  
Selected Quarterly Financial Data (Unaudited)

Note 10. Selected Quarterly Financial Data (Unaudited)

 

The following is a summary of our unaudited quarterly results of operations for 2012 and 2011.  Reclassifications have been made to the previously reported results to reflect two properties classified as discontinued operations as described in Note 4:

 

 

 

2012

 

 

 

First

 

Second

 

Third

 

Fourth

 

 

 

Quarter

 

Quarter

 

Quarter

 

Quarter

 

Rental income

 

$

49,997

 

$

49,808

 

$

53,593

 

$

55,850

 

Net income

 

13,059

 

11,954

 

11,756

 

13,191

 

Net income per common share

 

0.28

 

0.25

 

0.25

 

0.25

 

Common distributions declared

 

0.42

 

0.42

 

0.42

 

0.43

 

 

 

 

2011

 

 

 

First

 

Second

 

Third

 

Fourth

 

 

 

Quarter

 

Quarter

 

Quarter

 

Quarter

 

Rental income

 

$

38,579

 

$

41,451

 

$

45,243

 

$

51,106

 

Net income

 

10,254

 

10,932

 

11,563

 

13,248

 

Net income per common share

 

0.25

 

0.27

 

0.26

 

0.28

 

Common distributions declared

 

0.41

 

0.42

 

0.42

 

0.42

 

 

Amounts previously reported have been adjusted as follows:

 

 

 

2012

 

 

 

First

 

Second

 

Third

 

Fourth

 

 

 

Quarter

 

Quarter

 

Quarter

 

Quarter

 

Rental income as previously reported in 2012

 

$

50,455

 

$

50,273

 

$

54,083

 

$

56,265

 

Total revenues reclassified as discontinued operations during the first quarter of 2013

 

(458

)

(465

)

(490

)

(415

)

Total revenues restated

 

$

49,997

 

$

49,808

 

$

53,593

 

$

55,850

 

 

 

 

2011

 

 

 

First

 

Second

 

Third

 

Fourth

 

 

 

Quarter

 

Quarter

 

Quarter

 

Quarter

 

Rental income as previously reported in 2011

 

$

39,228

 

$

42,107

 

$

45,889

 

$

51,726

 

Total revenues reclassified as discontinued operations during the first quarter of 2013

 

(649

)

(656

)

(646

)

(620

)

Total revenues restated

 

$

38,579

 

$

41,451

 

$

45,243

 

$

51,106