Note 23 - Supplemental Financial Information

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information [Text Block]

23. Supplemental Financial Information:

The following represents the results of income, expressed in thousands except per share amounts, for each quarter during the years 2015 and 2014:

	2015 (Unaudited)
	Mar. 31		Jun. 30		Sept. 30		Dec. 31
Revenues from rental properties	$	275,506	$	289,080	$	283,387	$	296,501
Net income attributable to the Company	$	310,342	$	127,000	$	77,572	$	379,201
Net income per common share:
Basic	$	0.72	$	0.27	$	0.15	$	0.87
Diluted	$	0.71	$	0.27	$	0.15	$	0.87

	2014 (Unaudited)
	Mar. 31		Jun. 30		Sept. 30		Dec. 31
Revenues from rental properties (1)	$	219,152	$	237,432	$	246,555	$	255,749
Net income attributable to the Company	$	87,000	$	89,512	$	194,708	$	52,781
Net income per common share:
Basic	$	0.18	$	0.18	$	0.44	$	0.09
Diluted	$	0.18	$	0.18	$	0.44	$	0.09

(1) All periods have been adjusted to reflect the impact of operating properties sold during 2014, which are reflected in the caption Discontinued operations on the accompanying Consolidated Statements of Income. Upon the adoption of ASU 2014-08 on January 1, 2015, individual property dispositions will no longer qualify as a discontinued operation under the new guidance.

In the fourth quarter of 2015, the Company changed the classification within the Company’s cash flow statement for certain transactions that occurred in the three months ended March 31, 2015 involving the sale of equity interests in entities owning real estate. The Company believes the new classification is a more meaningful reflection of these transactions and changed the Company’s cash flow from the initially reported amounts to reduce Distributions from joint ventures and other real estate investments within its cash flow from operating activities and increase Distributions from liquidation of real estate joint ventures within its cash flow from investing activities by $54.6 million for each of the three, six and nine months ended March 31, 2015, June 30, 2015 and September 30, 2015, respectively. This change of $54.6 million for the three, six and nine months ended during 2015 will be reclassified in connection with the Company’s filings on Form 10-Q during 2016 for purposes of reflecting comparative periods.