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Selected Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data (Unaudited)
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

Unaudited financial data by quarter in each of the years ended December 31, 2018 and 2017 were as follows (in thousands, except for per share data):
 
Quarter(1), (2)
 
First
 
Second
 
Third
 
Fourth
2018
 
 
 
 
 
 
 
Real estate rental revenue
$
84,881

 
$
86,606

 
$
82,502

 
$
82,901

Net income
$
3,299

 
$
10,750

 
$
5,893

 
$
5,688

Net income attributable to the controlling interests
$
3,299

 
$
10,750

 
$
5,893

 
$
5,688

Net income per share
 
 
 
 
 
 
 
Basic
$
0.04

 
$
0.14

 
$
0.07

 
$
0.07

Diluted
$
0.04

 
$
0.13

 
$
0.07

 
$
0.07

2017
 
 
 
 
 
 
 
Real estate rental revenue
$
77,501

 
$
83,456

 
$
82,819

 
$
81,302

Net income
$
6,615

 
$
7,847

 
$
2,813

 
$
2,337

Net income attributable to the controlling interests
$
6,634

 
$
7,864

 
$
2,833

 
$
2,337

Net income per share
 
 
 
 
 
 
 
Basic
$
0.09

 
$
0.10

 
$
0.04

 
$
0.03

Diluted
$
0.09

 
$
0.10

 
$
0.04

 
$
0.03

 
(1) 
With regard to per share calculations, the sum of the quarterly results may not equal full year results due to rounding.
(2) 
The second quarter of 2018 includes gain on sale of real estate of $2.5 million. The fourth quarter of 2017 includes gain on sale of real estate of $24.9 million. The first quarter of 2018 includes real estate impairment of $1.9 million. The third and fourth quarters of 2017 include real estate impairments of $5.0 million and $28.2 million, respectively.