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Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2011
Selected Quarterly Financial Information [Abstract]  
Selected Quarterly Financial Data
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
The following table summarizes our financial data by quarter for 2011 and 2010 (in thousands, except for per share data):
 
 
Quarter(1)(2)
 
 
First
 
Second
 
Third
 
Fourth
2011
 
 
 
 
 
 
 
 
Real estate rental revenue
 
$
69,204

 
$
71,684

 
$
71,931

 
$
76,708

Income (loss) from continuing operations
 
$
2,119

 
$
4,431

 
$
2,707

 
$
(10,385
)
Net income
 
$
4,688

 
$
6,556

 
$
63,036

 
$
31,098

Net income attributable to the controlling interests
 
$
4,665

 
$
6,522

 
$
63,008

 
$
30,689

Income (loss) from continuing operations per share
 
 
 
 
 
 
 
 
Basic
 
$
0.03

 
$
0.07

 
$
0.04

 
$
(0.16
)
Diluted
 
$
0.03

 
$
0.07

 
$
0.04

 
$
(0.16
)
Net income per share
 
 
 
 
 
 
 
 
Basic
 
$
0.07

 
$
0.10

 
$
0.95

 
$
0.46

Diluted
 
$
0.07

 
$
0.10

 
$
0.95

 
$
0.46

2010
 
 
 
 
 
 
 
 
Real estate rental revenue
 
$
64,007

 
$
64,087

 
$
65,032

 
$
65,364

Income from continuing operations
 
$
1,418

 
$
3,444

 
$
3,093

 
$
(6,963
)
Net income
 
$
5,265

 
$
15,021

 
$
6,658

 
$
10,615

Net income attributable to the controlling interests
 
$
5,216

 
$
14,994

 
$
6,625

 
$
10,591

Income from continuing operations per share
 
 
 
 
 
 
 
 
Basic
 
$
0.02

 
$
0.05

 
$
0.05

 
$
(0.11
)
Diluted
 
$
0.02

 
$
0.05

 
$
0.04

 
$
(0.11
)
Net income per share
 
 
 
 
 
 
 
 
Basic
 
$
0.09

 
$
0.24

 
$
0.11

 
$
0.16

Diluted
 
$
0.09

 
$
0.24

 
$
0.10

 
$
0.16

 
(1) 
With regard to per share calculations, the sum of the quarterly results may not equal full year results due to rounding.
(2) 
The prior quarter results have been restated to conform to the current quarter presentation. Specifically, results related to properties sold or held for sale have been reclassified into discontinued operations.