Quarterly Results of Operations (Unaudited)

12 Months Ended

Dec. 31, 2012

Quarterly Results of Operations [Abstract]

Quarterly Results of Operations (Unaudited)

20. Quarterly Results of Operations (Unaudited)

The following is a summary of our unaudited quarterly results of operations for the years ended December 31, 2012 and 2011 (in thousands, except per share data). The sum of individual quarterly amounts may not agree to the annual amounts included in the consolidated statements of income due to rounding.

		Year Ended December 31, 2012
		1st Quarter		2nd Quarter		3rd Quarter⁽²⁾		4th Quarter
Revenues - as reported		$	435,359	$	453,082	$	474,139	$	500,663
Discontinued operations			(17,230)		(13,194)		(10,720)		-
Revenues - as adjusted⁽¹⁾		$	418,129	$	439,888	$	463,419	$	500,663
Net income (loss) attributable to common stockholders		$	39,307	$	54,735	$	37,269	$	90,576
Net income (loss) attributable to common stockholders per share:
	Basic	$	0.20	$	0.26	$	0.17	$	0.35
	Diluted		0.19		0.25		0.16		0.35

		Year Ended December 31, 2011
		1st Quarter		2nd Quarter		3rd Quarter⁽³⁾		4th Quarter⁽⁴⁾
Revenues - as reported		$	255,477	$	381,059	$	384,786	$	407,391
Discontinued operations			(26,859)		(24,361)		(24,607)		(22,826)
Revenues - as adjusted⁽¹⁾		$	228,618	$	356,698	$	360,179	$	384,565
Net income attributable to common stockholders		$	23,372	$	69,847	$	36,607	$	27,282
Net income attributable to common stockholders per share:
	Basic	$	0.15	$	0.40	$	0.21	$	0.15
	Diluted		0.15		0.39		0.21		0.15


(1) We have reclassified the income attributable to the properties sold prior to or held for sale at December 31, 2012 to discontinued operations. See Note 5.
(2) The decreases in net income and amounts per share are primarily attributable to gains on sales of real estate totaling $32,450,000 for the second quarter as compared to $12,827,000 for the third quarter.
(3) The decreases in net income and amounts per share are primarily attributable to gains on sales of real estate totaling $30,224,000 for the second quarter as compared to $185,000 for the third quarter.
(4) The decreases in net income and amounts per share are primarily attributable to impairment charges of $11,992,000.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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