Schedule of Quarterly Financial Information [Table Text Block] |
The following table sets forth the Company's summary quarterly financial information for the years ended December 31, 2011 and 2010 (unaudited and in thousands, except per common share data) (1). This information is not required for the Operating Partnership. Also, note that all per share amounts reflect the Company's two for one split of its common shares effective January 24, 2011:
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Year Ended December 31, 2011 |
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First Quarter |
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Second Quarter |
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Third Quarter |
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Fourth Quarter |
Total revenues |
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$ |
70,739 |
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$ |
72,101 |
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$ |
83,243 |
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$ |
89,140 |
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Operating income |
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21,174 |
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22,319 |
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26,177 |
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28,266 |
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Income from continuing operations |
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10,817 |
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10,842 |
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14,192 |
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15,138 |
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Net income |
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10,817 |
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10,842 |
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14,192 |
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15,138 |
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Income attributable to the Company |
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9,398 |
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9,422 |
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12,464 |
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13,357 |
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Income available to common shareholders of the Company |
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9,206 |
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9,257 |
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12,300 |
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13,194 |
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Basic earnings per share available to common shareholders |
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Income from continuing operations |
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$ |
0.11 |
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$ |
0.11 |
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$ |
0.14 |
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$ |
0.15 |
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Net income |
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0.11 |
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0.11 |
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0.14 |
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0.15 |
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Diluted earnings per share available to common shareholders |
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Income from continuing operations |
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$ |
0.11 |
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$ |
0.11 |
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$ |
0.14 |
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$ |
0.15 |
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Net income |
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0.11 |
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0.11 |
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0.14 |
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0.15 |
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(1) Quarterly amounts may not add to annual amounts due to the effect of rounding on a quarterly basis.
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Year Ended December 31, 2010 |
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First Quarter |
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Second Quarter |
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Third Quarter |
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Fourth Quarter (2)
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Total revenues |
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$ |
66,042 |
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$ |
65,295 |
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$ |
69,473 |
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$ |
75,493 |
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Operating income |
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11,018 |
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20,100 |
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23,698 |
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24,815 |
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Income from continuing operations |
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3,002 |
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5,393 |
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14,856 |
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15,091 |
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Net income |
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3,003 |
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5,392 |
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14,753 |
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15,096 |
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Income attributable to the Company |
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2,793 |
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4,868 |
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12,999 |
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13,589 |
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Income available to common shareholders of the Company |
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1,218 |
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3,318 |
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11,451 |
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9,828 |
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Basic earnings per share available to common shareholders |
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Income from continuing operations |
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$ |
0.02 |
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$ |
0.04 |
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$ |
0.14 |
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$ |
0.12 |
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Net income |
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0.02 |
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0.04 |
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0.14 |
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0.12 |
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Diluted earnings per share available to common shareholders |
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Income from continuing operations |
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$ |
0.02 |
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$ |
0.04 |
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$ |
0.14 |
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$ |
0.12 |
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Net income |
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0.02 |
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0.04 |
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0.14 |
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0.12 |
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(1) |
Quarterly amounts may not add to annual amounts due to the effect of rounding on a quarterly basis. |
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(2) |
The fourth quarter of 2010, income from continuing operations available to common shareholders and net income available to common shareholders have been reduced by approximately $2.5 million for the original issuance costs related to the 3,000,000 Class C Cumulative Preferred Shares that were redeemed in full in December 2010.
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