Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Schedule Of Quarterly Financial Information

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



	First			Second			Third			Fourth
2019
Revenues	$	123,138	⁽¹⁾	$	122,660	⁽¹⁾	$	121,362	⁽¹⁾	$	119,465	⁽¹⁾
Net income	51,254		⁽²⁾	85,520		⁽²⁾	108,509		⁽²⁾	77,292		⁽²⁾⁽³⁾
Net income attributable to common shareholders	49,666		⁽²⁾	83,809		⁽²⁾	106,742		⁽²⁾	75,218		⁽²⁾⁽³⁾
Earnings per common share – basic	.39		⁽²⁾	.66		⁽²⁾	.83		⁽²⁾	.59		⁽²⁾⁽³⁾
Earnings per common share – diluted	.39		⁽²⁾	.65		⁽²⁾	.82		⁽²⁾	.58		⁽²⁾⁽³⁾
2018
Revenues	$	132,452	⁽¹⁾	$	142,086	⁽¹⁾	$	128,790	⁽¹⁾	$	127,819	⁽¹⁾
Net income	148,969		⁽²⁾⁽⁴⁾	79,871		^(1)(2)(3)	53,274		⁽²⁾⁽³⁾	63,229		⁽²⁾⁽³⁾
Net income attributable to common shareholders	146,824		^(2)(4)(5)	78,289		^(1)(2)(3)	42,981		^(2)(3)(5)	59,507		^(2)(3)(5)
Earnings per common share – basic	1.15		^(2)(4)(5)	.61		^(1)(2)(3)	.34		^(2)(3)(5)	.47		^(2)(3)(5)
Earnings per common share – diluted	1.13		^(2)(4)(5)	.61		^(1)(2)(3)	.34		^(2)(3)(5)	.46		^(2)(3)(5)

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(1)

The quarter results include revenues associated with dispositions and acquisitions. Revenue amounts associated with dispositions are: $9.7 million, $8.8 million, $4.3 million and $1.3 million for the three months ended March 31, 2019, June 30, 2019, September 30, 2019 and December 31, 2019, respectively, and $11.9 million, $8.3 million, $7.0 million and $4.1 million for the three months ended March 31, 2018, June 30, 2018, September 30, 2018 and December 31, 2018, respectively. Revenue amounts associated with acquisitions totaled $.5 million, $1.6 million and $3.0 million for the three months ended June 30, 2019, September 30, 2019 and December 31, 2019, respectively. Additionally, a $10.0 million write-off of a below-market lease intangible from the termination of a tenant's lease increased revenues for the three months ended June 30, 2018, and additional revenue of $1.1 million was realized from the termination of two tenant leases for the three months ended September 30, 2019.

(2)

The quarter results include significant gains on the sale of property and investments, including gains in equity in earnings from real estate joint ventures and partnerships, net. Gain amounts are: $19.2 million, $52.7 million, $74.1 million and $46.0 million for the three months ended March 31, 2019, June 30, 2019, September 30, 2019 and December 31, 2019, respectively, and $111.4 million, $48.2 million, $19.8 million and $34.8 million for the three months ended March 31, 2018, June 30, 2018, September 30, 2018 and December 31, 2018, respectively.


(3)	The quarter results include $3.1 million, $2.4 million and $7.7 million of impairment losses for the three months ended December 31, 2019, September 30, 2018 and December 31, 2018, respectively. Additionally, the quarter results include a $13.1 million write-off of an in-place lease intangible for the three months ended June 30, 2018.


(4)	The quarter results include a gain on extinguishment of debt including related swap activity totaling $3.8 million for the three months ended March 31, 2018.

(5)

Associated primarily with the gains discussed in (2) above, amounts in net income attributable to noncontrolling interests are: $.5 million, $8.6 million and $1.9 million for the three months ended March 31, 2018, September 30, 2018 and December 31, 2018, respectively.