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Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2013
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)
2013
 
 
 
 
 
 
 
Revenue(1)
$
157,150

 
$
157,387

 
$
159,030

 
$
163,846

Operating income
$
62,502

 
$
63,488

 
$
64,701

 
$
63,470

Net income(2)
$
35,842

 
$
38,797

 
$
63,366

 
$
29,603

Net income attributable to the Trust(2)
$
34,588

 
$
37,539

 
$
62,098

 
$
28,456

Net income available for common shareholders(2)
$
34,453

 
$
37,404

 
$
61,962

 
$
28,321

Earnings per common share—basic(2)
$
0.53

 
$
0.57

 
$
0.94

 
$
0.43

Earnings per common share—diluted(2)
$
0.53

 
$
0.57

 
$
0.94

 
$
0.42

 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
(In thousands, except per share data)
2012
 
 
 
 
 
 
 
Revenue(1)
$
145,733

 
$
147,041

 
$
157,232

 
$
155,785

Operating income
$
60,189

 
$
61,431

 
$
66,752

 
$
65,490

Net income
$
44,122

 
$
33,596

 
$
39,656

 
$
38,858

Net income attributable to the Trust
$
42,986

 
$
32,603

 
$
38,644

 
$
37,692

Net income available for common shareholders
$
42,851

 
$
32,468

 
$
38,508

 
$
37,557

Earnings per common share—basic
$
0.67

 
$
0.51

 
$
0.60

 
$
0.58

Earnings per common share—diluted
$
0.67

 
$
0.51

 
$
0.60

 
$
0.58

 
(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)
2013 revenue from discontinued operations
$
602

 
$
559

 
$
385

 
$

2012 revenue from discontinued operations
$
556

 
$
520

 
$
572

 
$
579


 
(2)    Third quarter 2013 includes a $23.9 million gain on sale of two retail buildings as further discussed in Note 3.