Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Financial Data (Unaudited)

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Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2019
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, 2019 and 2018 were as follows (in thousands, except for per share data):
 
Quarter(1), (2)
 
First
 
Second
 
Third
 
Fourth
2019
 
 
 
 
 
 
 
Real estate rental revenue
$
71,434

 
$
76,820

 
$
80,259

 
$
80,667

(Loss) income from continuing operations
$
(10,443
)
 
$
(6,191
)
 
$
(8,432
)
 
$
54,198

Net (loss) income
$
(4,405
)
 
$
987

 
$
332,770

 
$
54,198

Net (loss) income attributable to the controlling interests
$
(4,405
)
 
$
987

 
$
332,770

 
$
54,198

(Loss) income from continuing operations per share
 
 
 
 
 
 
 
Basic
$
(0.13
)
 
$
(0.08
)
 
$
(0.10
)
 
$
0.66

Diluted
$
(0.13
)
 
$
(0.08
)
 
$
(0.10
)
 
$
0.66

Net income per share
 
 
 
 
 
 
 
Basic
$
(0.06
)
 
$
0.01

 
$
4.14

 
$
0.66

Diluted
$
(0.06
)
 
$
0.01

 
$
4.14

 
$
0.66

2018
 
 
 
 
 
 
 
Real estate rental revenue
$
73,645

 
$
75,344

 
$
71,001

 
$
71,740

(Loss) income from continuing operations
$
(2,559
)
 
$
4,563

 
$
(547
)
 
$
(304
)
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

Income (loss) from continuing operations per share
 
 
 
 
 
 
 
Basic
$
(0.03
)
 
$
0.06

 
$
(0.01
)
 
$

Diluted
$
(0.03
)
 
$
0.06

 
$
(0.01
)
 
$

Net income per share
 
 
 
 
 
 
 
Basic
$
0.04

 
$
0.14

 
$
0.07

 
$
0.07

Diluted
$
0.04

 
$
0.13

 
$
0.07

 
$
0.07

______________________________  
(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 2019 includes a loss on sale of real estate of $1.0 million. The third and fourth quarters of 2019 include gains on sale of real estate of $339.0 million and $61.0 million, respectively. The second quarter of 2018 includes a gain on sale of real estate of $2.5 million. The first quarter of 2019 and first quarter of 2018 include real estate impairments of $8.4 million and $1.9 million, respectively.