Summary of quarterly financial data |
Summarized quarterly financial data is as follows: | | | | | | | | | | | | | | | | | | First Quarter | | Second Quarter | | Third Quarter | | Fourth Quarter | | (In thousands, except per share data) | 2014 | | | | | | | | Revenue | $ | 170,828 |
| | $ | 167,947 |
| | $ | 170,938 |
| | $ | 176,377 |
| Operating income | $ | 63,444 |
| | $ | 68,361 |
| | $ | 67,622 |
| | $ | 71,610 |
| Net income(1) | $ | 40,545 |
| | $ | 45,416 |
| | $ | 49,049 |
| | $ | 37,279 |
| Net income attributable to the Trust(1) | $ | 38,753 |
| | $ | 43,545 |
| | $ | 47,075 |
| | $ | 35,162 |
| Net income available for common shareholders(1) | $ | 38,618 |
| | $ | 43,410 |
| | $ | 46,939 |
| | $ | 35,027 |
| Earnings per common share—basic(1) | $ | 0.58 |
| | $ | 0.64 |
| | $ | 0.69 |
| | $ | 0.51 |
| Earnings per common share—diluted(1) | $ | 0.57 |
| | $ | 0.64 |
| | $ | 0.69 |
| | $ | 0.51 |
| | First Quarter | | Second Quarter | | Third Quarter | | Fourth Quarter | | (In thousands, except per share data) | 2013 | | | | | | | | Revenue(2) | $ | 157,149 |
| | $ | 157,388 |
| | $ | 159,030 |
| | $ | 163,846 |
| Operating income | $ | 62,502 |
| | $ | 63,488 |
| | $ | 64,701 |
| | $ | 63,470 |
| Net income(1) | $ | 35,842 |
| | $ | 38,797 |
| | $ | 63,366 |
| | $ | 29,603 |
| Net income attributable to the Trust(1) | $ | 34,588 |
| | $ | 37,539 |
| | $ | 62,098 |
| | $ | 28,456 |
| Net income available for common shareholders(1) | $ | 34,453 |
| | $ | 37,404 |
| | $ | 61,962 |
| | $ | 28,321 |
| Earnings per common share—basic(1) | $ | 0.53 |
| | $ | 0.57 |
| | $ | 0.94 |
| | $ | 0.43 |
| Earnings per common share—diluted(1) | $ | 0.53 |
| | $ | 0.57 |
| | $ | 0.94 |
| | $ | 0.42 |
|
| | (1) | Third quarter 2014 includes a $4.4 million gain on sale reflecting our share of the Partnership's sale of Pleasant Shops as further discussed in Note 5. Third quarter 2013 includes a $23.9 million gain on sale of two retail buildings as further discussed in Note 3. |
| | (2) | Revenue in 2013 has been reduced to reflect the results of discontinued operations as further discussed in Note 14. 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 |
| | $ | — |
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