Quarterly Operating Results (unaudited)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information Disclosure [Abstract]



	Quarter Ended - 2016
	March 31		June 30		September 30		December 31
	(in thousands, except share and per share data)

Total revenue	$	68,850	$	78,001	$	79,733	$	67,236
Total operating expenses	57,861		59,429		60,275		57,319
Operating income	10,989		18,572		19,458		9,917
Net income attributable to common shareholders	3,300		12,168		13,355		2,660
Income per common share, basic (1)	0.09		0.32		0.35		0.07
Income per common share, diluted (1)	0.08		0.31		0.34		0.07

Weighted average number of common shares outstanding:
Basic	38,274,448		38,299,132		38,307,382		38,315,040
Diluted	38,671,129		38,734,987		38,768,638		38,525,598


	Quarter Ended - 2015
	March 31		June 30		September 30		December 31
	(in thousands, except share and per share data)

Total revenue	$	58,916	$	72,257	$	78,229	$	67,548
Total operating expenses	50,487		54,191		58,115		58,634
Operating income	8,429		18,066		20,114		8,914
Net income (loss) attributable to common shareholders	1,411		12,763		14,315		4,477
Income (loss) per common share, basic (1)	0.04		0.33		0.37		0.12
Income (loss) per common share, diluted (1)	0.04		0.33		0.37		0.12

Weighted average number of common shares outstanding:
Basic	37,018,039		38,211,833		38,212,028		38,213,219
Diluted	37,322,278		38,618,824		38,614,360		38,619,472

(1) The sum of per share amounts for the four quarters may differ from the annual per share amounts due to the required method of computing weighted-average number of common shares outstanding in the respective periods and share offerings that occurred during the year. Unvested restricted shares and unvested LTIP units could potentially dilute basic earnings per share in the future were not included in the computation of diluted loss per share, for the periods where a loss has been recorded, because they would have been anti-dilutive for the periods presented.