Quarterly Financial Data

12 Months Ended

Dec. 31, 2012

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data

Quarterly Financial Data (Unaudited)

Summarized quarterly financial data is as follows (in thousands):

	First			Second				Third				Fourth
2012
Revenues (1)	$	119,023		$	123,163			$	129,434			$	131,918
Net income	22,638		(2)	32,761			(2)(3)(4)	42,047			(3)(4)	54,975		(3)(4)
Net income attributable to common shareholders	12,328		(2)	22,550			(2)(3)(4)	31,404			(3)(4)	42,928		(3)(4)
Earnings per common share – basic	0.10		(2)	0.19			(2)(3)(4)	0.26			(3)(4)	0.36		(3)(4)
Earnings per common share – diluted	0.10		(2)	0.19			(2)(3)(4)	0.26			(3)(4)	0.35		(3)(4)
2011
Revenues (1)	$	114,813		$	120,964			$	122,851			$	119,729
Net income (loss)	17,188			2,939			(2)	(35,958		)	(2)	32,570
Net income (loss) attributable to common shareholders	7,227			(7,166		)	(2)	(42,089		)	(2)	22,173
Earnings per common share – basic	0.06			(0.06		)	(2)	(0.35		)	(2)	0.18
Earnings per common share – diluted	0.06			(0.06		)	(2)	(0.35		)	(2)	0.18

(1) Revenues from the sale of operating properties have been reclassified and reported in discontinued operations for all periods presented.

(2) The quarter results include significant impairment charges. Impairment amounts are: $10.0 million and $24.9 million for the three months ended March 31, 2012 and June 30, 2012, respectively, and $21.3 million and $52.6 million for the three months ended June 30, 2011 and September 30, 2011, respectively.

(3) The quarter results include significant gains on the sale of properties and real estate joint venture and partnership interests and on acquisitions. Gain amounts are: $31.3 million, $17.0 million and $27.7 million for the three months ended June 30, 2012, September 30, 2012 and December 31, 2012, respectively.

(4) During the second quarter of 2012, we disposed of our wholly-owned Industrial portfolio.

* * * * *