Quarterly Financial Data (Unaudited)

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



	First			Second			Third			Fourth
2017
Revenues	$	143,663		$	146,023		$	144,110		$	139,367
Net income	36,396		^(1)(2)(4)	69,193		⁽¹⁾	74,473		⁽¹⁾	170,653		⁽¹⁾⁽⁴⁾
Net income attributable to common shareholders	30,826		^(1)(2)(3)(4)	63,852		⁽¹⁾⁽³⁾	72,629		⁽¹⁾	167,967		⁽¹⁾⁽⁴⁾
Earnings per common share – basic	.24		^(1)(2)(3)(4)	.50		⁽¹⁾⁽³⁾	.57		⁽¹⁾	1.31		⁽¹⁾⁽⁴⁾
Earnings per common share – diluted	.24		^(1)(2)(3)(4)	.49		⁽¹⁾⁽³⁾	.56		⁽¹⁾	1.30		⁽¹⁾⁽⁴⁾
2016
Revenues	$	132,417		$	135,676		$	138,599		$	142,863
Net income	108,667		⁽¹⁾⁽⁴⁾	37,651		⁽¹⁾⁽⁵⁾	61,337		⁽¹⁾⁽⁴⁾	69,176		⁽¹⁾
Net income attributable to common shareholders	107,074		⁽¹⁾⁽⁴⁾	35,816		⁽¹⁾⁽⁵⁾	51,901		^(1)(3)(4)	44,142		⁽¹⁾⁽³⁾
Earnings per common share – basic	.87		⁽¹⁾⁽⁴⁾	.28		⁽¹⁾⁽⁵⁾	.41		^(1)(3)(4)	.35		⁽¹⁾⁽³⁾
Earnings per common share – diluted	.85		⁽¹⁾⁽⁴⁾	.28		⁽¹⁾⁽⁵⁾	.40		^(1)(3)(4)	.34		⁽¹⁾⁽³⁾

___________________

(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: $15.8 million, $34.2 million, $38.6 million and $136.3 million for the three months ended March 31, 2017, June 30, 2017, September 30, 2017 and December 31, 2017, respectively, and $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.


(2)	The quarter results include a $3.1 million lease termination fee and $15.0 million of impairment losses for the quarter ended March 31, 2017.

(3)

The quarter results include gains discussed in (1) above in net income attributable to noncontrolling interests. Gain amounts in net income attributable to noncontrolling interests are: $3.9 million and $3.6 million for the three months ended March 31, 2017 and June 30, 2017, respectively, and $5.8 million and $23.1 million for the three months ended September 30, 2016 and December 31, 2016, respectively.

(4)

Deferred tax (benefit) amounts at our taxable REIT subsidiary include $(3.3) million and $1.5 million for the three months ended March 31, 2017 and December 31, 2017, respectively and $5.9 million and $1.1 million for the three months ended March 31, 2016 and September 30, 2016, respectively. These tax amounts result from gains associated with the disposition of centers, land and an exchange of properties. Additionally, a change in the statutory rate was recognized as a result of the enactment of the Tax Act on December 22, 2017.


(5)	The quarter results include a gain on extinguishment of debt totaling $(2.0) million for the three months ended June 30, 2016.