Schedule of quarterly financial data |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2019 | | | | | | | | | | | 1st Quarter Jan - March | | 2nd Quarter April - June | | 3rd Quarter July - September | | 4th Quarter Oct - Dec | | Total For Year | Revenues: | | | | | | | | | | | | | | | | Rental and other revenue | | $ | 6,886 | | | $ | 7,097 | | | $ | 6,261 | | | $ | 6,765 | | | $ | 27,009 | | Other income | | 244 | | | 190 | | | 161 | | | 157 | | | 752 | | Total revenues | | 7,130 | | | 7,287 | | | 6,422 | | | 6,922 | | | 27,761 | | Expenses: | | | | | | | | | | | | | | | | Real estate operating expenses | | 3,176 | | | 3,325 | | | 2,741 | | | 3,090 | | | 12,332 | | Interest expense | | 1,946 | | | 2,049 | | | 1,870 | | | 1,931 | | | 7,796 | | General and administrative | | 2,544 | | | 2,481 | | | 2,430 | | | 2,636 | | | 10,091 | | Depreciation | | 1,547 | | | 1,428 | | | 1,373 | | | 1,568 | | | 5,916 | | Total expenses | | 9,213 | | | 9,283 | | | 8,414 | | | 9,225 | | | 36,135 | | Total revenues less total expenses | | (2,083) | | | (1,996) | | | (1,992) | | | (2,303) | | | (8,374) | | Equity in loss of unconsolidated joint ventures | | (2,068) | | | (2,218) | | | (2,390) | | | (2,150) | | | (8,826) | | Equity in earnings from sale of unconsolidated joint venture properties | | — | | | — | | | — | | | 9,932 | | | 9,932 | | Gain on sale of real estate | | — | | | — | | | 9,938 | | | 680 | | | 10,618 | | | | | | | | | | | | | Loss on extinguishment of debt | | — | | | — | | | (1,387) | | | — | | | (1,387) | | (Loss) income from continuing operations | | (4,151) | | | (4,214) | | | 4,169 | | | 6,159 | | | 1,963 | | Provision for taxes | | 62 | | | 59 | | | 98 | | | 51 | | | 270 | | (Loss) income from continuing operations, net of taxes | | (4,213) | | | (4,273) | | | 4,071 | | | 6,108 | | | 1,693 | | (Income) loss attributable to non-controlling interests | | (34) | | | (44) | | | (799) | | | 40 | | | (837) | | Net (loss) income attributable to common stockholders | | $ | (4,247) | | | $ | (4,317) | | | $ | 3,272 | | | $ | 6,148 | | | $ | 856 | | | | | | | | | | | | | Basic and diluted and per share amounts attributable to common stockholders | | | | | | | | | | | Basic (loss) income per share | | $ | (0.27) | | | $ | (0.27) | | | $ | 0.21 | | | $ | 0.38 | | | $ | 0.05 | | Diluted (loss) income per share | | $ | (0.27) | | | $ | (0.27) | | | $ | 0.20 | | | $ | 0.38 | | | $ | 0.05 | | | | | | | | | | | | |
NOTE 15—QUARTERLY FINANCIAL DATA (Unaudited) (Continued) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2018 | | | | | | | | | | | 1st Quarter Jan - March | | 2nd Quarter April - June | | 3rd Quarter July - September | | 4th Quarter Oct - Dec | | Total For Year | Revenues: | | | | | | | | | | | | | | | | Rental and other revenue from real estate properties | | $ | 5,087 | | | $ | 5,205 | | | $ | 6,127 | | | $ | 6,211 | | | $ | 22,630 | | Other income | | 175 | | | 203 | | | 198 | | | 223 | | | 799 | | Total revenues | | 5,262 | | | 5,408 | | | 6,325 | | | 6,434 | | | 23,429 | | Expenses: | | | | | | | | | | | | | | | | Real estate operating expenses | | 2,384 | | | 2,393 | | | 2,952 | | | 2,966 | | | 10,695 | | Interest expense | | 1,442 | | | 1,471 | | | 1,779 | | | 1,747 | | | 6,439 | | General and administrative | | 2,453 | | | 2,452 | | | 2,002 | | | 2,476 | | | 9,383 | | Depreciation | | 1,074 | | | 1,076 | | | 1,369 | | | 1,408 | | | 4,927 | | Total expenses | | 7,353 | | | 7,392 | | | 8,102 | | | 8,597 | | | 31,444 | | Total revenues less total expenses | | (2,091) | | | (1,984) | | | (1,777) | | | (2,163) | | | (8,015) | | Equity in (loss) income from unconsolidated joint venture properties | | 253 | | | (2,566) | | | (1,627) | | | (1,148) | | | (5,088) | | Equity in earnings from sale of unconsolidated joint venture properties | | 26,402 | | | — | | | — | | | 11,467 | | | 37,869 | | Gain on sale of real estate | | 437 | | | — | | | 424 | | | — | | | 861 | | Gain on insurance recovery | | — | | | — | | | — | | | — | | | — | | Gain on sale of partnership interest | | — | | | — | | | — | | | — | | | — | | Loss on extinguishment of debt | | — | | | — | | | — | | | — | | | — | | Income (loss) from continuing operations | | 25,001 | | | (4,550) | | | (2,980) | | | 8,156 | | | 25,627 | | (Benefit) provision for taxes | | (253) | | | 101 | | | 97 | | | 57 | | | 2 | | Income (loss) from continuing operations, net of taxes | | 25,254 | | | (4,651) | | | (3,077) | | | 8,099 | | | 25,625 | | Net income attributable to non-controlling interests | | (32) | | | (38) | | | (34) | | | (26) | | | (130) | | Net income (loss) attributable to common stockholders | | $ | 25,222 | | | $ | (4,689) | | | $ | (3,111) | | | $ | 8,073 | | | $ | 25,495 | | | | | | | | | | | | | Basic and diluted per share amounts attributable to common stockholders | | | | | | | | | | | Basic income (loss) per share | | $ | 1.77 | | | $ | (0.33) | | | $ | (0.20) | | | $ | 0.51 | | | $ | 1.70 | | Diluted income (loss) per share | | $ | 1.75 | | | $ | (0.33) | | | $ | (0.20) | | | $ | 0.51 | | | $ | 1.68 | |
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