Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2019

15. Quarterly Financial Data (unaudited)

Summarized quarterly financial data for the years ended December 31, 2019 and 2018, is as follows:



(in thousands, except per share amounts)	First		Second		Third		Fourth			Total (a)
2019:
Revenues	$	248,567	$	255,761	$	260,672	$	263,461		$	1,028,461
Net income attributable to common shareholders	38,613		42,399		43,597		95,014		(b)	219,623
Total earnings per share – basic	0.40		0.43		0.44		0.96		(b)	2.23
Total earnings per share – diluted	0.40		0.43		0.44		0.95		(b)	2.22
2018:
Revenues	$	230,683	$	237,133	$	241,770	$	244,919		$	954,505
Net income attributable to common shareholders	39,395		38,671		38,866		39,196			156,128
Total earnings per share – basic	0.41		0.40		0.41		0.41			1.63
Total earnings per share – diluted	0.41		0.40		0.40		0.41			1.63


(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 $11,995 or $0.12 basic and diluted per share, impact related to the loss on early retirement of debt in October 2019. Also includes a $49,901 or $0.50 basic and $0.49 diluted per share, impact related to a gain on sale of two consolidated operating properties.