Selected Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

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	$	—