Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2016

15. Quarterly Financial Data (unaudited)

Summarized quarterly financial data, which has been adjusted for discontinued operations as discussed in Note 7, "Acquisitions, Dispositions, Impairment, and Discontinued Operations" for the years ended December 31, 2016 and 2015, is as follows:



(in thousands, except per share amounts)	First			Second			Third			Fourth			Total (a)
2016:
Revenues	$	217,595		$	221,478		$	220,235		$	217,139		$	876,447
Net income attributable to common shareholders	41,730			446,302			290,898			40,893			819,823
Net income attributable to common shareholders per share – basic	0.46			4.94		(b)	3.23		(c)	0.45			9.08
Net income attributable to common shareholders per share – diluted	0.46			4.92		(b)	3.21		(c)	0.45			9.05
2015:
Revenues	$	201,608		$	206,432		$	212,593		$	214,985		$	835,618
Net income attributable to common shareholders	115,599			36,079			37,044			60,593			249,315
Net income attributable to common shareholders per share – basic	1.29		(d)	0.40			0.41			0.67		(e)	2.77
Net income attributable to common shareholders per share – diluted	1.27		(d)	0.40			0.41			0.67		(e)	2.76


(a)	Net income per share is computed independently for each of the quarters presented. Therefore, the sum of quarterly net income per share amounts may not equal the total computed for the year.


(b)	Includes a $32,235, or $0.36 basic and diluted per share, impact related to a gain on sale of one operating property.


(c)	Includes a $262,719, or $2.93 basic and $2.92 diluted per share, impact related to a gain on sale of one dual-phased operating property and five other operating properties.


(d)	Includes an $85,192, or $0.96 basic and $0.94 diluted per share, impact related to a gain on sale of two operating properties and land.


(e)	Includes an $18,870, or $0.21 basic and diluted per share, impact related to a gain on sale of one operating property.