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QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Tables)
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Summary of quarterly financial information
The following is a summary of quarterly financial information for the year ended December 31, 2017:

 
Three Months Ended
 
March 31,
 
June 30,
 
September 30,
 
December 31,
 
(in thousands, except per share data)
2017
 
 
 
 
 
 
 
Revenues from continuing operations
$
66,949

 
$
61,299

 
$
55,384

 
$
52,744

Gain on sale of real estate
187,734

 
116,283

 
74,715

 
23,005

Net income from continuing operations
193,935

 
91,372

 
72,391

 
22,060

Net income
193,935

 
91,372

 
72,391

 
22,060

Net income attributable to the Company
193,930

 
91,363

 
72,395

 
22,049

Redeemable preferred stock dividends
(31
)
 
(72
)
 
(138
)
 
(249
)
Redeemable preferred stock redemptions
—

 
—

 
—

 
2

Net income available to common stockholders
193,899

 
91,291

 
72,257

 
21,802

BASIC AND DILUTED NET INCOME AVAILABLE TO COMMON STOCKHOLDERS PER SHARE (1):
 
 
 
 
 
 
 
Continuing operations
$
2.31

 
$
1.16

 
$
1.25

 
$
0.36

Net income
$
2.31

 
$
1.16

 
$
1.25

 
$
0.36

Weighted average shares of common stock outstanding - basic
84,048

 
78,871

 
57,876

 
55,885

Weighted average shares of common stock outstanding - diluted
84,048

 
78,871

 
57,876

 
55,917

 
(1)
EPS for the year-to-date period may differ from the sum of quarterly EPS amounts due to the required method for computing EPS in the respective periods. In addition, EPS is calculated independently for each component and may not be additive due to rounding.



The following is a summary of quarterly financial information for the year ended December 31, 2016:

 
Three Months Ended
 
March 31,
 
June 30,
 
September 30,
 
December 31,
 
(in thousands except per share data)
2016
 
 
 
 
 
 
 
Revenues from continuing operations
$
68,617

 
$
68,360

 
$
64,332

 
$
64,622

Gain on sale of real estate
24,739

 
—

 
14,927

 
—

Net income (loss) from continuing operations
26,293

 
(810
)
 
8,382

 
(3,153
)
Net income from discontinued operations
690

 
1,668

 
703

 
792

Net income (loss)
26,983

 
858

 
9,085

 
(2,361
)
Net income (loss) attributable to the Company
26,980

 
849

 
9,088

 
(2,370
)
Redeemable preferred stock dividends
—

 
—

 
—

 
(9
)
Net income (loss) available to common stockholders
26,980

 
849

 
9,088

 
(2,379
)
BASIC AND DILUTED NET INCOME (LOSS) AVAILABLE TO COMMON STOCKHOLDERS PER SHARE (1):
 
 
 
 
 
 
 
Continuing operations
$
0.27

 
$
(0.01
)
 
$
0.10

 
$
(0.04
)
Discontinued operations
$
0.01

 
$
0.02

 
$
0.01

 
$
0.01

Net income
$
0.28

 
$
0.01

 
$
0.10

 
$
(0.03
)
Weighted average shares of common stock outstanding - basic
97,662

 
96,683

 
87,045

 
84,048

Weighted average shares of common stock outstanding - diluted
97,662

 
96,683

 
87,045

 
84,048


 
(1)
EPS for the year-to-date period may differ from the sum of quarterly EPS amounts due to the required method for computing EPS in the respective periods. In addition, EPS is calculated independently for each component and may not be additive due to rounding.