XML 92 R78.htm IDEA: XBRL DOCUMENT v3.10.0.1
Selected Quarterly Financial Data (Unaudited) Summary Of Quarterly Financial Data (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]                      
Revenue $ 235,376 $ 229,753 $ 224,902 $ 225,405 $ 223,957 $ 217,953 $ 208,049 $ 207,389 $ 915,436 $ 857,348 $ 801,591
Operating income 83,338 90,342 89,896 86,145 83,157 84,497 83,090 81,544 349,721 332,288 320,995
Net income 56,382 [1] 64,180 [1] 65,533 [1] 62,931 52,785 108,882 [2] 78,133 58,070 [2] 249,026 297,870 258,883
NET INCOME ATTRIBUTABLE TO THE TRUST 54,507 [1] 62,558 [1] 63,595 [1] 61,247 50,656 106,777 [2] 76,291 56,190 [2] 241,907 289,914 249,910
Net income available for common shareholders $ 52,496 [1] $ 60,548 [1] $ 61,584 [1] $ 59,237 $ 48,645 $ 106,600 [2] $ 76,156 $ 56,055 [2] $ 233,865 $ 287,456 $ 249,369
Earnings Per Common Share, Basic $ 0.71 [1] $ 0.82 [1] $ 0.84 [1] $ 0.81 $ 0.67 $ 1.47 [2] $ 1.05 $ 0.78 [2] $ 3.18 $ 3.97 $ 3.51
Earnings Per Common Share, Diluted $ 0.71 [1] $ 0.82 [1] $ 0.84 [1] $ 0.81 $ 0.67 $ 1.47 [2] $ 1.05 $ 0.78 [2] $ 3.18 $ 3.97 $ 3.50
[1] First and second quarter 2018 include net gains of $3.3 million and $4.0 million, respectively, related to condominiums sold at our Assembly Row and Pike & Rose properties. Third quarter 2018 includes a $3.1 million gain on sale of real estate from our residential building at our Chelsea Commons property. Fourth quarter 2018 includes a $1.6 million gain on sale of real estate from our Atlantic Plaza property. All of these transactions are further discussed in Note 3.
[2] Second quarter 2017 includes a $15.4 million gain related to the sale of three ground lease parcels at our Assembly Row property in Somerville, Massachusetts. Third quarter 2017 includes a $50.8 million gain on sale of real estate from our 150 Post Street and North Lake Commons properties. Fourth quarter 2017 includes a $6.5 million gain related to the sale of a parcel of land at our Bethesda Row property. Additionally, second, third, and fourth quarter 2017 include net percentage-of-completion gains of $3.3 million, $0.6 million, and $1.5 million, respectively, related to condominiums under binding contract at our Assembly Row property. All of these transactions are further discussed in Note 3. Fourth quarter 2017 includes a $12.3 million early extinguishment of debt charge.