QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

The following is a summary of quarterly financial information for the year ended December 31, 2018:

	Three Months Ended
	March 31,			June 30,			September 30,			December 31,
	(in thousands, except per share amounts)
2018
Revenues from continuing operations	$	48,398		$	51,559		$	47,640		$	50,127
Net income (loss) from continuing operations	622			1,949			(529		)	(900		)
Net income (loss)	622			1,949			(529		)	(900		)
Net income (loss) attributable to the Company	618			1,937			(528		)	(906		)
Redeemable preferred stock dividends declared and accumulated	(3,645		)	(3,814		)	(3,921		)	(4,043		)
Redeemable preferred stock redemptions	1			1			1			1
Net loss attributable to common stockholders	(3,026		)	(1,876		)	(4,448		)	(4,948		)
BASIC AND DILUTED NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS PER SHARE (1):
Continuing operations	$	(0.07	)	$	(0.04	)	$	(0.10	)	$	(0.11	)
Net loss	$	(0.07	)	$	(0.04	)	$	(0.10	)	$	(0.11	)
Weighted average shares of common stock outstanding - basic	43,785			43,791			43,795			43,795
Weighted average shares of common stock outstanding - diluted	43,785			43,791			43,795			43,795

(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, 2017:

	Three Months Ended
	March 31,			June 30,			September 30,			December 31,
	(in thousands except per share amounts)
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 declared and accumulated	(31		)	(72		)	(138		)	(1,685		)
Redeemable preferred stock redemptions	—			—			—			2
Net income attributable to common stockholders	193,899			91,291			72,257			20,366
BASIC AND DILUTED NET INCOME ATTRIBUTABLE 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.