The following is a summary of quarterly financial information for the year ended December 31, 2019:



	Three Months Ended
	March 31,			June 30,			September 30,			December 31,
	(in thousands, except per share amounts)
2019
Revenues	$	47,277		$	36,856		$	29,215		$	26,641
Loss on early extinguishment of debt	25,071			4,911			—			—
Impairment of real estate	66,200			2,800			—			—
Gain on sale of real estate	377,581			55,221			302			—
Net income (loss)	291,623			52,567			2,856			(1,525		)
Net income (loss) attributable to the Company	291,797			52,566			2,848			(1,538		)
Redeemable preferred stock dividends declared or accumulated	(4,162		)	(4,302		)	(4,470		)	(4,161		)
Redeemable preferred stock redemptions	(4		)	(4		)	—			(5,874		)
Net income (loss) attributable to common stockholders	287,631			48,260			(1,622		)	(11,573		)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS PER SHARE (1) (2):
Basic	$	19.70		$	3.31		$	(0.11	)	$	(0.79	)
Diluted	$	18.90		$	3.20		$	(0.11	)	$	(0.79	)
Weighted average shares of common stock outstanding - basic	14,598			14,597			14,598			14,598
Weighted average shares of common stock outstanding - diluted	15,245			15,284			14,599			14,599


(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.


(2)	Amounts have been adjusted to give retroactive effect to the Reverse Stock Split.

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 as previously reported (1)	$	48,398		$	51,559		$	47,640		$	50,127
Bad debt expense recorded as adjustment to revenues (1)	(104		)	(15		)	(33		)	(102		)
Revenues	48,294			51,544			47,607			50,025
Loss on early extinguishment of debt	—			—			—			808
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 or 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		)
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS PER SHARE (2) (3):
Basic	$	(0.21	)	$	(0.13	)	$	(0.30	)	$	(0.34	)
Diluted	$	(0.21	)	$	(0.13	)	$	(0.30	)	$	(0.34	)
Weighted average shares of common stock outstanding - basic	14,595			14,597			14,598			14,598
Weighted average shares of common stock outstanding - diluted	14,595			14,597			14,598			14,598

(1)

Represents revenues for the three months ended March 31, June 30, September 30, and December 31, 2018, as previously reported in the Annual Report on Form 10-K for the year ended December 31, 2018. Under the new leasing guidance, bad debt expense associated with changes in the collectability assessment for operating leases shall be recorded as adjustments to rental and other property income rather than other property operating expense (Note 2).


(2)	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.


(3)	Amounts have been adjusted to give retroactive effect to the Reverse Stock Split.