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Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Data [Abstract]  
Quarterly Financial Data (Unaudited)
Quarterly Financial Data (Unaudited)

The following tables set forth quarterly financial information of the Company:

 
Year Ended December 31, 2015
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Total
Rental and other revenues (1)
$
145,236

 
$
148,543

 
$
150,766

 
$
160,126

 
$
604,671

 
 
 
 
 
 
 
 
 
 
Income from continuing operations (1)
16,920

 
22,221

 
27,352

 
19,028

 
85,521

Income from discontinued operations (1)
3,915

 
4,670

 
4,265

 
2,889

 
15,739

Net income
20,835

 
26,891

 
31,617

 
21,917

 
101,260

Net (income) attributable to noncontrolling interests in the Operating Partnership
(596
)
 
(782
)
 
(918
)
 
(622
)
 
(2,918
)
Net (income) attributable to noncontrolling interests in consolidated affiliates
(296
)
 
(328
)
 
(324
)
 
(316
)
 
(1,264
)
Dividends on Preferred Stock
(627
)
 
(626
)
 
(626
)
 
(627
)
 
(2,506
)
Net income available for common stockholders
$
19,316

 
$
25,155

 
$
29,749

 
$
20,352

 
$
94,572

Earnings per Common Share – basic:
 
 
 
 
 
 
 
 
 
Income from continuing operations available for common stockholders
$
0.17

 
$
0.22

 
$
0.27

 
$
0.18

 
$
0.84

Income from discontinued operations available for common stockholders
0.04

 
0.05

 
0.04

 
0.03

 
0.16

Net income available for common stockholders
$
0.21

 
$
0.27

 
$
0.31

 
$
0.21

 
$
1.00

Earnings per Common Share – diluted:
 
 
 
 
 
 
 
 
 
Income from continuing operations available for common stockholders
$
0.17

 
$
0.22

 
$
0.27

 
$
0.18

 
$
0.84

Income from discontinued operations available for common stockholders
0.04

 
0.05

 
0.04

 
0.03

 
0.16

Net income available for common stockholders
$
0.21

 
$
0.27

 
$
0.31

 
$
0.21

 
$
1.00


20.
Quarterly Financial Data (Unaudited) - Continued

 
Year Ended December 31, 2014
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Total
Rental and other revenues (1)
$
135,821

 
$
139,956

 
$
139,370

 
$
140,724

 
$
555,871

 
 
 
 
 
 
 
 
 
 
Income from continuing operations (1)
8,979

 
20,374

 
49,483

 
18,151

 
96,987

Income from discontinued operations (1)
4,597

 
4,138

 
4,816

 
5,434

 
18,985

Net income
13,576

 
24,512

 
54,299

 
23,585

 
115,972

Net (income) attributable to noncontrolling interests in the Operating Partnership
(398
)
 
(742
)
 
(1,673
)
 
(729
)
 
(3,542
)
Net (income) attributable to noncontrolling interests in consolidated affiliates
(423
)
 
(438
)
 
(291
)
 
(314
)
 
(1,466
)
Dividends on Preferred Stock
(627
)
 
(627
)
 
(627
)
 
(626
)
 
(2,507
)
Net income available for common stockholders
$
12,128

 
$
22,705

 
$
51,708

 
$
21,916

 
$
108,457

Earnings per Common Share – basic:
 
 
 
 
 
 
 
 
 
Income from continuing operations available for common stockholders
$
0.09

 
$
0.21

 
$
0.52

 
$
0.18

 
$
1.00

Income from discontinued operations available for common stockholders
0.04

 
0.04

 
0.05

 
0.06

 
0.20

Net income available for common stockholders
$
0.13

 
$
0.25

 
$
0.57

 
$
0.24

 
$
1.20

Earnings per Common Share – diluted:
 
 
 
 
 
 
 
 
 
Income from continuing operations available for common stockholders
$
0.09

 
$
0.21

 
$
0.52

 
$
0.18

 
$
0.99

Income from discontinued operations available for common stockholders
0.04

 
0.04

 
0.05

 
0.06

 
0.20

Net income available for common stockholders
$
0.13

 
$
0.25

 
$
0.57

 
$
0.24

 
$
1.19

__________


20.
Quarterly Financial Data (Unaudited) – Continued
 
(1)
As a result of discontinued operations, the amounts presented may not equal the amounts previously reported in the most recent Form 10-Qs or prior 10-K for each period. Below is a reconciliation to the amounts previously reported:
 
 
Quarter Ended
 
March 31,
 
June 30,
 
September 30,
 
2015
 
2015
 
2015
Rental and other revenues, as reported
$
157,310

 
$
161,136

 
$
163,736

Discontinued operations
(12,074
)
 
(12,593
)
 
(12,970
)
Rental and other revenues, as adjusted
$
145,236

 
$
148,543

 
$
150,766

Income from continuing operations, as reported
$
20,835

 
$
26,891

 
$
31,617

Discontinued operations
(3,915
)
 
(4,670
)
 
(4,265
)
Income from continuing operations, as adjusted
$
16,920

 
$
22,221

 
$
27,352

Income from discontinued operations, as reported
$

 
$

 
$

Additional discontinued operations from properties sold subsequent to the respective reporting period
3,915

 
4,670

 
4,265

Income from discontinued operations, as adjusted
$
3,915

 
$
4,670

 
$
4,265


 
Quarter Ended
 
March 31,
 
June 30,
 
September 30,
 
December 31,
 
2014
 
2014
 
2014
 
2014
Rental and other revenues, as reported
$
148,453

 
$
152,722

 
$
152,629

 
$
154,664

Discontinued operations
(12,632
)
 
(12,766
)
 
(13,259
)
 
(13,940
)
Rental and other revenues, as adjusted
$
135,821

 
$
139,956

 
$
139,370

 
$
140,724

Income from continuing operations, as reported
$
13,192

 
$
24,512

 
$
54,299

 
$
23,585

Discontinued operations
(4,213
)
 
(4,138
)
 
(4,816
)
 
(5,434
)
Income from continuing operations, as adjusted
$
8,979

 
$
20,374

 
$
49,483

 
$
18,151

Income from discontinued operations, as reported
$
384

 
$

 
$

 
$

Additional discontinued operations from properties sold subsequent to the respective reporting period
4,213

 
4,138

 
4,816

 
5,434

Income from discontinued operations, as adjusted
$
4,597

 
$
4,138

 
$
4,816

 
$
5,434




20.
Quarterly Financial Data (Unaudited) - Continued

The following tables set forth quarterly financial information of the Operating Partnership:

 
Year Ended December 31, 2015
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Total
Rental and other revenues (1)
$
145,236

 
$
148,543

 
$
150,766

 
$
160,126

 
$
604,671

 
 
 
 
 
 
 
 
 
 
Income from continuing operations (1)
16,920

 
22,221

 
27,352

 
19,028

 
85,521

Income from discontinued operations (1)
3,915

 
4,670

 
4,265

 
2,889

 
15,739

Net income
20,835

 
26,891

 
31,617

 
21,917

 
101,260

Net (income) attributable to noncontrolling interests in consolidated affiliates
(296
)
 
(328
)
 
(324
)
 
(316
)
 
(1,264
)
Distributions on Preferred Units
(627
)
 
(626
)
 
(626
)
 
(627
)
 
(2,506
)
Net income available for common unitholders
$
19,912

 
$
25,937

 
$
30,667

 
$
20,974

 
$
97,490

Earnings per Common Unit – basic:
 
 
 
 
 
 
 
 
 
Income from continuing operations available for common unitholders
$
0.17

 
$
0.22

 
$
0.27

 
$
0.18

 
$
0.84

Income from discontinued operations available for common unitholders
0.04

 
0.05

 
0.05

 
0.03

 
0.17

Net income available for common unitholders
$
0.21

 
$
0.27

 
$
0.32

 
$
0.21

 
$
1.01

Earnings per Common Unit – diluted:
 
 
 
 
 
 
 
 
 
Income from continuing operations available for common unitholders
$
0.17

 
$
0.22

 
$
0.27

 
$
0.18

 
$
0.84

Income from discontinued operations available for common unitholders
0.04

 
0.05

 
0.05

 
0.03

 
0.17

Net income available for common unitholders
$
0.21

 
$
0.27

 
$
0.32

 
$
0.21

 
$
1.01


20.
Quarterly Financial Data (Unaudited) - Continued

 
Year Ended December 31, 2014
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Total
Rental and other revenues (1)
$
135,821

 
$
139,956

 
$
139,370

 
$
140,724

 
$
555,871

 
 
 
 
 
 
 
 
 
 
Income from continuing operations (1)
8,979

 
20,374

 
49,483

 
18,151

 
96,987

Income from discontinued operations (1)
4,597

 
4,138

 
4,816

 
5,434

 
18,985

Net income
13,576

 
24,512

 
54,299

 
23,585

 
115,972

Net (income) attributable to noncontrolling interests in consolidated affiliates
(423
)
 
(438
)
 
(291
)
 
(314
)
 
(1,466
)
Distributions on Preferred Units
(627
)
 
(627
)
 
(627
)
 
(626
)
 
(2,507
)
Net income available for common unitholders
$
12,526

 
$
23,447

 
$
53,381

 
$
22,645

 
$
111,999

Earnings per Common Unit – basic:
 
 
 
 
 
 
 
 
 
Income from continuing operations available for common unitholders
$
0.09

 
$
0.21

 
$
0.52

 
$
0.18

 
$
1.00

Income from discontinued operations available for common unitholders
0.05

 
0.04

 
0.05

 
0.06

 
0.20

Net income available for common unitholders
$
0.14

 
$
0.25

 
$
0.57

 
$
0.24

 
$
1.20

Earnings per Common Unit – diluted:
 
 
 
 
 
 
 
 
 
Income from continuing operations available for common unitholders
$
0.09

 
$
0.21

 
$
0.52

 
$
0.18

 
$
1.00

Income from discontinued operations available for common unitholders
0.05

 
0.04

 
0.05

 
0.06

 
0.20

Net income available for common unitholders
$
0.14

 
$
0.25

 
$
0.57

 
$
0.24

 
$
1.20

__________
 

20.
Quarterly Financial Data (Unaudited) – Continued
 
(1)
As a result of discontinued operations, the amounts presented may not equal the amounts previously reported in the most recent Form 10-Qs or prior 10-K for each period. Below is a reconciliation to the amounts previously reported:

 
Quarter Ended
 
March 31,
 
June 30,
 
September 30,
 
2015
 
2015
 
2015
Rental and other revenues, as reported
$
157,310

 
$
161,136

 
$
163,736

Discontinued operations
(12,074
)
 
(12,593
)
 
(12,970
)
Rental and other revenues, as adjusted
$
145,236

 
$
148,543

 
$
150,766

Income from continuing operations, as reported
$
20,835

 
$
26,891

 
$
31,617

Discontinued operations
(3,915
)
 
(4,670
)
 
(4,265
)
Income from continuing operations, as adjusted
$
16,920

 
$
22,221

 
$
27,352

Income from discontinued operations, as reported
$

 
$

 
$

Additional discontinued operations from properties sold subsequent to the respective reporting period
3,915

 
4,670

 
4,265

Income from discontinued operations, as adjusted
$
3,915

 
$
4,670

 
$
4,265


 
Quarter Ended
 
March 31,
 
June 30,
 
September 30,
 
December 31,
 
2014
 
2014
 
2014
 
2014
Rental and other revenues, as reported
$
148,453

 
$
152,722

 
$
152,629

 
$
154,664

Discontinued operations
(12,632
)
 
(12,766
)
 
(13,259
)
 
(13,940
)
Rental and other revenues, as adjusted
$
135,821

 
$
139,956

 
$
139,370

 
$
140,724

Income from continuing operations, as reported
$
13,192

 
$
24,512

 
$
54,299

 
$
23,585

Discontinued operations
(4,213
)
 
(4,138
)
 
(4,816
)
 
(5,434
)
Income from continuing operations, as adjusted
$
8,979

 
$
20,374

 
$
49,483

 
$
18,151

Income from discontinued operations, as reported
$
384

 
$

 
$

 
$

Additional discontinued operations from properties sold subsequent to the respective reporting period
4,213

 
4,138

 
4,816

 
5,434

Income from discontinued operations, as adjusted
$
4,597

 
$
4,138

 
$
4,816

 
$
5,434