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Quarterly Financial Information (Unaudited)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information (Unaudited)

17.COMPANY QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

Quarterly financial information in 2015 and 2014 was as follows:

 

 

 

Year ended December 31, 2015

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

Revenues

 

$

93,431

 

 

$

95,431

 

 

$

97,767

 

 

$

97,377

 

Net income

 

 

19,985

 

 

 

19,651

 

 

 

20,190

 

 

 

20,967

 

Noncontrolling interests

 

 

(42

)

 

 

(41

)

 

 

(43

)

 

 

(44

)

Dividends to preferred shareholders

 

 

(922

)

 

 

(922

)

 

 

(922

)

 

 

(922

)

Net income available to common shareholders

 

$

19,021

 

 

$

18,688

 

 

$

19,225

 

 

$

20,001

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income available to common shareholders – basic

 

$

0.35

 

 

$

0.34

 

 

$

0.35

 

 

$

0.37

 

Net income available to common shareholders – diluted

 

$

0.35

 

 

$

0.34

 

 

$

0.35

 

 

$

0.37

 

 

 

 

Year ended December 31, 2014

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

Revenues

 

$

93,512

 

 

$

95,026

 

 

$

96,461

 

 

$

92,813

 

Net income

 

 

14,253

 

 

 

47,991

 

 

 

156,435

 

 

 

19,504

 

Noncontrolling interests

 

 

(17

)

 

 

(272

)

 

 

(22,729

)

 

 

(45

)

Dividends to preferred shareholders

 

 

(922

)

 

 

(922

)

 

 

(922

)

 

 

(922

)

Net income available to common shareholders

 

$

13,314

 

 

$

46,797

 

 

$

132,784

 

 

$

18,537

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income available to common shareholders – basic

 

$

0.25

 

 

$

0.86

 

 

$

2.44

 

 

$

0.34

 

Net income available to common shareholders – diluted

 

$

0.24

 

 

$

0.86

 

 

$

2.44

 

 

$

0.34

 

 

In the second quarter of 2014, the increase in net income available to common shareholders primarily reflects gains on the sale of an apartment community, offset by a loss on the early extinguishment of a indebtedness. In the third quarter of 2014, the increase in net income available to common shareholders is the result of gains on the sales of two apartment communities, net of noncontrolling interests, and partially offset by losses on early extinguishment of indebtedness.
Post Apartment Homes, L.P. [Member]  
Quarterly Financial Information (Unaudited)

18.

OPERATING PARTNERSHIP QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

Quarterly financial information in 2015 and 2014 was as follows:

 

 

 

Year ended December 31, 2015

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

Revenues

 

$

93,431

 

 

$

95,431

 

 

$

97,767

 

 

$

97,377

 

Net income

 

 

19,985

 

 

 

19,651

 

 

 

20,190

 

 

 

20,967

 

Distributions to preferred unitholders

 

 

(922

)

 

 

(922

)

 

 

(922

)

 

 

(922

)

Net income available to common unitholders

 

$

19,063

 

 

$

18,729

 

 

$

19,268

 

 

$

20,045

 

Earnings per common unit:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income available to common unitholders – basic

 

$

0.35

 

 

$

0.34

 

 

$

0.35

 

 

$

0.37

 

Net income available to common unitholders – diluted

 

$

0.35

 

 

$

0.34

 

 

$

0.35

 

 

$

0.37

 

 

 

 

Year ended December 31, 2014

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

Revenues

 

$

93,512

 

 

$

95,026

 

 

$

96,461

 

 

$

92,813

 

Net income

 

 

14,253

 

 

 

47,991

 

 

 

156,435

 

 

 

19,504

 

Noncontrolling interests – consolidated real estate entities

 

 

16

 

 

 

(154

)

 

 

(22,416

)

 

 

—

 

Distributions to preferred unitholders

 

 

(922

)

 

 

(922

)

 

 

(922

)

 

 

(922

)

Net income available to common unitholders

 

$

13,347

 

 

$

46,915

 

 

$

133,097

 

 

$

18,582

 

Earnings per common unit:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income available to common unitholders – basic

 

$

0.25

 

 

$

0.86

 

 

$

2.44

 

 

$

0.34

 

Net income available to common unitholders – diluted

 

$

0.24

 

 

$

0.86

 

 

$

2.44

 

 

$

0.34

 

 

In the second quarter of 2014, the increase in net income available to common unitholders primarily reflects gains on the sale of an apartment community, offset by a loss on the early extinguishment of a indebtedness. In the third quarter of 2014, the increase in net income available to common unitholders is the result of gains on the sales of two apartment communities, net of noncontrolling interest, and partially offset by losses on early extinguishment of indebtedness.