Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]

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



	First			Second			Third			Fourth
2016
Revenues	$	132,417		$	135,676		$	138,599		$	142,863
Net income	108,667		⁽¹⁾⁽²⁾	37,651		⁽¹⁾⁽³⁾	61,337		⁽¹⁾⁽²⁾	69,176		⁽¹⁾
Net income attributable to common shareholders	107,074		⁽¹⁾⁽²⁾	35,816		⁽¹⁾⁽³⁾	51,901		^(1)(2)(4)	44,142		⁽¹⁾⁽⁴⁾
Earnings per common share – basic	.87		⁽¹⁾⁽²⁾	.28		⁽¹⁾⁽³⁾	.41		^(1)(2)(4)	.35		⁽¹⁾⁽⁴⁾
Earnings per common share – diluted	.85		⁽¹⁾⁽²⁾	.28		⁽¹⁾⁽³⁾	.40		^(1)(2)(4)	.34		⁽¹⁾⁽⁴⁾
2015
Revenues	$	125,599		$	126,804		$	130,787		$	129,654
Net income	49,222		⁽¹⁾⁽³⁾	37,786		⁽¹⁾	45,188		⁽¹⁾	49,026		⁽¹⁾
Net income attributable to common shareholders	44,937		⁽¹⁾⁽³⁾	25,222		⁽¹⁾⁽⁵⁾	43,401		⁽¹⁾	47,275		⁽¹⁾
Earnings per common share – basic	.37		⁽¹⁾⁽³⁾	.20		⁽¹⁾⁽⁵⁾	.35		⁽¹⁾	.38		⁽¹⁾
Earnings per common share – diluted	.36		⁽¹⁾⁽³⁾	.20		⁽¹⁾⁽⁵⁾	.35		⁽¹⁾	.38		⁽¹⁾

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(1)

The quarter results include significant gains on the sale of properties and real estate joint venture and partnership interests and on acquisitions, including gains in equity in earnings from real estate joint ventures and partnerships, net. Gain amounts are: $82.8 million, $4.2 million, $31.1 million and $34.9 million for the three months ended March 31, 2016, June 30, 2016, September 30, 2016 and December 31, 2016, respectively, and $23.4 million, $8.2 million, $13.2 million and $15.7 million for the three months ended March 31, 2015, June 30, 2015, September 30, 2015, and December 31, 2015, respectively.


(2)	The quarter results include $5.9 million and $1.1 million for the three months ended March 31, 2016 and September 30, 2016, respectively, for deferred taxes at our taxable REIT subsidiary associated with gains from an exchange of properties and a property sale.


(3)	The quarter results include a (gain) loss on extinguishment of debt totaling $(2.0) million and $6.1 million for the three months ended June 30, 2016 and March 31, 2015, respectively.


(4)	The quarter results include $5.8 million and $23.1 million for the three months ended September 30, 2016 and December 31, 2016, respectively, for gains discussed in (1) above in net income attributable to noncontrolling interests.


(5)	The quarter results include a $9.7 million deduction associated with the redemption of Series F preferred shares (see Note 8 for additional information).