Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Information (unaudited) (Tables)

v3.19.3.a.u2
Quarterly Financial Information (unaudited) (Tables)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information (unaudited)
The following table reflects the quarterly results of operations for the years ended December 31, 2019 and 2018 (dollars in thousands):
 
 
 
Quarter ended
 
 
December 31, 2019
 
September 30, 2019
 
June 30, 2019
 
March 31, 2019
Operating revenues
 
$
29,386

 
$
28,667

 
$
28,197

 
$
28,137

Operating expenses
 
(22,462
)
 
(19,445
)
 
(19,058
)
 
(19,266
)
Other expense, net
 
(6,452
)
 
(7,031
)
 
(6,934
)
 
(4,198
)
Net income
 
472

 
2,191

 
2,205

 
4,673

Net loss (income) attributable (available) to OP Units held by Non-controlling OP Unitholders
 
100

 
16

 
16

 
(45
)
Dividends attributable to preferred and senior common stock (1)
 
(5,877
)
 
(2,838
)
 
(2,837
)
 
(2,836
)
Net (loss) income (attributable) available to common stockholders
 
(5,305
)
 
(631
)
 
(616
)
 
1,792

Net (loss) income (attributable) available to common stockholders per share - basic & diluted
 
$
(0.18
)
 
$
(0.02
)
 
$
(0.02
)
 
$
0.06

Other Comprehensive income (loss)
 
$
356

 
$
(624
)
 
$
(988
)
 
$
(722
)
 
 
Quarter ended
 
 
December 31, 2018
 
September 30, 2018
 
June 30, 2018
 
March 31, 2018
Operating revenues
 
$
27,261

 
$
26,591

 
$
26,593

 
$
26,353

Operating expenses
 
(18,771
)
 
(17,422
)
 
(17,542
)
 
(17,402
)
Other expense, net
 
(5,973
)
 
(6,492
)
 
(6,526
)
 
(4,346
)
Net income
 
2,517

 
2,677

 
2,525

 
4,605

Net income available to OP Units held by Non-controlling OP Unitholders
 
(4
)
 

 

 

Dividends attributable to preferred and senior common stock
 
(2,844
)
 
(2,847
)
 
(2,842
)
 
(2,814
)
Net (loss) income (attributable) available to common stockholders
 
$
(331
)

$
(170
)

$
(317
)
 
$
1,791

Net (loss) income (attributable) available to common stockholders - basic & diluted
 
$
(0.01
)
 
$
(0.01
)
 
$
(0.01
)
 
$
0.06

Other Comprehensive (loss) income
 
$
(1,212
)
 
$
245

 
$
289

 
$
495