Quarterly Operating Results (unaudited)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]



	Quarter Ended - 2015
	March 31			June 30		September 30		December 31
	(in thousands, except share and per share data)

Total revenue	$	58,916		$	72,257	$	78,229	$	67,548
Total operating expenses	50,487			54,191		58,115		58,634
Operating income	8,429			18,066		20,114		8,914
Net income attributable to common shareholders	1,411			12,763		14,315		4,477
Income per common share, basic (1)	0.04			0.33		0.37		0.12
Income per common share, diluted (1)	0.04			0.33		0.37		0.12

Weighted average number of common shares outstanding:
Basic	37,018,039			38,211,833		38,212,028		38,213,219
Diluted	37,322,278			38,618,824		38,614,360		38,619,472


	Quarter Ended - 2014
	March 31			June 30		September 30		December 31
	(in thousands, except share and per share data)

Total revenue	$	36,866		$	47,077	$	60,662	$	52,610
Total operating expenses	34,370			42,076		45,979		48,095
Operating income	2,496			5,001		14,683		4,516
Net income (loss) attributable to common shareholders	(1,808		)	65,137		8,664		(5,660		)
Income (loss) per common share, basic (1)	(0.07		)	2.46		0.32		(0.16		)
Income (loss) per common share, diluted (1)	(0.07		)	2.44		0.31		(0.16		)

Weighted average number of common shares outstanding:
Basic	26,271,678			26,437,878		27,370,815		33,972,134
Diluted	26,271.678			26,734.919		27,695.347		33,972.134

(1) The sum of per share amounts for the four quarters may differ from the annual per share amounts due to the required method of computing weighted-average number of common shares outstanding in the respective periods and share offerings that occurred during the year. Unvested restricted shares and unvested LTIP units could potentially dilute basic earnings per share in the future were not included in the computation of diluted loss per share, for the periods where a loss has been recorded, because they would have been anti-dilutive for the periods presented.