Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2011

Selected Quarterly Financial data (Unaudited) [Abstract]

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

Summarized quarterly financial data is as follows:

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
	(In thousands, except per share data)
2011
Revenue(1)	$	137,650	$	136,279	$	137,664	$	141,466
Operating Income	$	56,373	$	57,334	$	56,757	$	57,233
Net income(2)	$	32,384	$	36,471	$	48,302	$	32,455
Net income attributable to the Trust(2)	$	31,186	$	34,757	$	47,053	$	30,921
Net income available for common shareholders(2)	$	31,051	$	34,622	$	46,917	$	30,786
Earnings per common share—basic(2)	$	0.50	$	0.55	$	0.74	$	0.48
Earnings per common share—diluted(2)	$	0.50	$	0.55	$	0.74	$	0.48
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
	(In thousands, except per share data)
2010
Revenue(1)	$	137,801	$	133,216	$	133,446	$	137,334
Operating Income	$	58,718	$	55,841	$	55,897	$	58,762
Net income	$	30,554	$	32,368	$	31,010	$	34,305
Net income attributable to the Trust	$	29,220	$	31,114	$	29,640	$	32,816
Net income available for common shareholders	$	29,085	$	30,979	$	29,504	$	32,681
Earnings per common share—basic	$	0.47	$	0.50	$	0.48	$	0.53
Earnings per common share—diluted	$	0.47	$	0.50	$	0.48	$	0.53

(1) Revenue has been reduced to reflect the results of discontinued operations. Revenue from discontinued operations, by quarter, is summarized as follows:

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
	(In thousands)
2011 revenue from discontinued operations	$	978	$	1,048	$	163	$	93
2010 revenue from discontinued operations	$	669	$	619	$	618	$	1,627

(2) Third quarter 2011 amounts include a $14.8 million gain on sale of our Feasterville Shopping Center as further discussed in Note 3.