Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Summarized quarterly financial data is as follows (in thousands):



	First			Second			Third			Fourth
2015
Revenues	$	125,599		$	126,804		$	130,787		$	129,654
Net income	49,222		⁽¹⁾⁽²⁾	37,786		⁽¹⁾	45,188		⁽¹⁾	49,026		⁽¹⁾
Net income attributable to common shareholders	44,937		⁽¹⁾⁽²⁾	25,222		⁽¹⁾⁽³⁾	43,401		⁽¹⁾	47,275		⁽¹⁾
Earnings per common share – basic	.37		⁽¹⁾⁽²⁾	.20		⁽¹⁾⁽³⁾	.35		⁽¹⁾	.38		⁽¹⁾
Earnings per common share – diluted	.36		⁽¹⁾⁽²⁾	.20		⁽¹⁾⁽³⁾	.35		⁽¹⁾	.38		⁽¹⁾
2014
Revenues	$	127,592		$	130,191		$	130,521		$	126,102
Net income	64,781		⁽¹⁾	36,984		⁽¹⁾	102,199		⁽¹⁾	103,615		⁽¹⁾
Net income attributable to common shareholders	60,593		⁽¹⁾	32,686		⁽¹⁾	97,619		⁽¹⁾	86,270		⁽¹⁾⁽⁴⁾
Earnings per common share – basic	.50		⁽¹⁾	.27		⁽¹⁾	.80		⁽¹⁾	.71		⁽¹⁾⁽⁴⁾
Earnings per common share – diluted	.49		⁽¹⁾	.27		⁽¹⁾	.79		⁽¹⁾	.70		⁽¹⁾⁽⁴⁾

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(1)

The quarter results include significant gains on the sale of properties and real estate joint venture and partnership interests and on acquisitions. Gain amounts are: $23.4 million, $8.2 million, $13.2 million and $15.7 million for the three months ended March 31, 2015, June 30, 2015, September 30, 2015 and December 31, 2015, respectively, and $41.4 million, $6.8 million, $69.5 million and $74.9 million for the three months ended March 31, 2014, June 30, 2014, September 30, 2014 and December 31, 2014, respectively.


(2)	The quarter results include $6.1 million of debt extinguishment costs associated with the refinancing of a secured note.


(3)	The quarter results include a $9.7 million deduction associated with the redemption of Series F preferred shares (see Note 8 for additional information).


(4)	The quarter results include net income attributable to noncontrolling interests of $14.6 million associated with applicable gains discussed in (1) above.