Quarterly Results of Operations (Unaudited)

12 Months Ended

Nov. 30, 2016

Quarterly Results of Operations (Unaudited)

Quarterly Results of Operations (Unaudited)

12. Quarterly Results of Operations (Unaudited)

Summarized quarterly financial data are presented below:

Fiscal 2016 Quarters	1st		2nd		3rd		4th		Total
Total revenue	$	6,682	$	6,524	$	7,265	$	10,380	$	30,851
Operating income		804		270		1,089		3,464		5,627
Net income (loss)		(335)		(379)		(49)		1,339		576
Basic net income (loss) per common share		(0.07)		(0.07)		(0.01)		0.26		0.11
Diluted net income (loss) per common share		(0.07)		(0.07)		(0.01)		0.26		0.11

Fiscal 2015 Quarters	1st		2nd		3rd		4th		Total
Total revenue	$	6,233	$	6,196	$	8,184	$	7,475	$	28,088
Operating income (loss)		(213)		473		2,641		1,413		4,314
Net income (loss)		(708)		(234)		1,203		164		425
Basic net income (loss) per common share		(0.14)		(0.05)		0.23		0.03		0.08
Diluted net income (loss) per common share		(0.14)		(0.05)		0.23		0.03		0.08

Property sales revenue in Griffin’s fiscal 2016 fourth quarter consolidated statement of operations includes $3,756 for the sale of a land parcel in Bloomfield, Connecticut and $135 for the amount of revenue recognized on the Windsor Land Sale.

Property sales revenue in Griffin's fiscal 2015 fourth quarter consolidated statement of operations includes $600 for the sale of a small land parcel in Simsbury, Connecticut and $236 for the amount of revenue recognized on the Windsor Land Sale.

The sum of the four quarters earnings per share data may not equal the annual earnings per share data due to the requirement that each period be calculated separately.