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QUARTERLY INFORMATION (UNAUDITED)
 12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY INFORMATION (UNAUDITED)
QUARTERLY INFORMATION (UNAUDITED)
 
Year Ended December 31, 2014
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Total 
Total revenues
$
261,243

 
$
256,933

 
$
258,714

 
$
283,849

 
$
1,060,739

Income from operations (1)
76,169

 
97,253

 
97,386

 
104,335

 
375,143

Income from continuing operations (2)
64,292

 
44,077

 
57,204

 
87,406

 
252,979

Discontinued operations
(516
)
 
48

 
76

 
446

 
54

Net income
63,776

 
44,125

 
57,280

 
87,852

 
253,033

Net income attributable to the Company
55,294

 
37,958

 
49,342

 
76,556

 
219,150

Net income attributable to common shareholders
44,071

 
26,735

 
38,119

 
65,333

 
174,258

Basic per share data attributable to common shareholders:
 
 

 
 

 
 

 
 

Income from continuing operations, net of preferred dividends
$
0.26

 
$
0.16

 
$
0.22

 
$
0.38

 
$
1.02

Net income attributable to common shareholders
$
0.26

 
$
0.16

 
$
0.22

 
$
0.38

 
$
1.02

Diluted per share data attributable to common shareholders:
 
 

 
 

 
 

 
 

Income from continuing operations, net of preferred dividends
$
0.26

 
$
0.16

 
$
0.22

 
$
0.38

 
$
1.02

Net income attributable to common shareholders
$
0.26

 
$
0.16

 
$
0.22

 
$
0.38

 
$
1.02


Year Ended December 31, 2013
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Total (3)
Total revenues
$
258,482

 
$
255,584

 
$
257,550

 
$
282,009

 
$
1,053,625

Income from operations (4)
93,607

 
77,081

 
97,709

 
62,368

 
330,765

Income from continuing operations (5)
37,845

 
16,255

 
52,234

 
8,983

 
115,317

Discontinued operations
2,040

 
1,984

 
(8,057
)
 
(914
)
 
(4,947
)
Net income
39,885

 
18,239

 
44,177

 
8,069

 
110,370

Net income attributable to the Company
30,313

 
11,724

 
34,324

 
8,843

 
85,204

Net income (loss) attributable to common shareholders
19,090

 
501

 
23,101

 
(2,380
)
 
40,312

Basic per share data attributable to common shareholders:
 

 
 

 
 

 
 

 
 

Income (loss) from continuing operations, net of preferred dividends
$
0.11

 
$
(0.01
)
 
$
0.18

 
$
(0.01
)
 
$
0.27

Net income (loss) attributable to common shareholders
$
0.12

 
$
0.00

 
$
0.14

 
$
(0.01
)
 
$
0.24

Diluted per share data attributable to common shareholders:
 

 
 

 
 

 
 

 
 

Income (loss) from continuing operations, net of preferred dividends
$
0.11

 
$
(0.01
)
 
$
0.18

 
$
(0.01
)
 
$
0.27

Net income (loss) attributable to common shareholders
$
0.12

 
$
0.00

 
$
0.14

 
$
(0.01
)
 
$
0.24

 
(1)
Income from operations for the quarter ended March 31, 2014 includes a $17,150 loss on impairment of real estate related to Chapel Hill Mall and Lakeshore Mall (see Note 4 and Note 15).
(2)
Income from continuing operations for the quarters ended March 31, 2014, September 30, 2014 and December 31, 2014 includes a $43,932, $18,296 and $27,171 gain on extinguishment of debt related to Citadel Mall, Chapel Hill Mall and Columbia Place, respectively (See Note 4 and Note 6).
(3)
The sum of quarterly EPS may differ from annual EPS due to rounding.
(4)
Income from operations for the quarters ended June 30, 2013 and December 31, 2013 includes a $20,453 and $47,212 loss on impairment of real estate related to Citadel Mall and Madison Square, respectively (see Note 15).
(5)
Income from continuing operations for the quarter ended June 30, 2013 includes a $9,108 loss on extinguishment of debt, which was primarily due to a $8,708 prepayment fee, and a $2,400 gain on investment related to the repayment by Jinsheng of a note receivable (see Note 6 and Note 15). Income from continuing operations for the quarter ended September 30, 2013 includes a partial litigation settlement of $8,240 (see Note 14).