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Quarterly Financial Data (Unaudited) | 12 Months Ended
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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 |

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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