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Selected Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data (Unaudited)
 
2016
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Revenues
$
474,118

 
$
550,299

 
$
543,516

 
$
479,278

Net income
52,051

 
56,061

 
51,812

 
63,186

Net income available for common shareholders
46,885

 
50,895

 
46,646

 
58,020

Net income available for common shareholders per share (basic and diluted)(1)
0.31

 
0.34

 
0.30

 
0.35

Distributions per common share(2)
0.50

 
0.51

 
0.51

 
0.51

 
 
2015
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Revenues
$
435,512

 
$
507,066

 
$
511,886

 
$
467,440

Net income (loss)
41,581

 
83,146

 
61,185

 
(19,494
)
Net income (loss) available for common shareholders
36,415

 
77,980

 
56,019

 
(24,660
)
Net income (loss) available for common shareholders per share (basic and diluted)(1)
0.24

 
0.52

 
0.37

 
(0.16
)
Distributions per common share(2)
0.49

 
0.50

 
0.50

 
0.70


(1)
The sum of per common share amounts for the four quarters differs from annual per share amounts due to the required method of computing weighted average number of shares in interim periods and rounding.

(2)
Amounts represent distributions paid in the periods shown. The fourth quarter of 2015 includes a non-cash distribution of $0.1974 per share related to the distribution of shares of RMR Inc. class A common stock to our shareholders on December 14, 2015.