Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Information (unaudited) (Tables)

v3.10.0.1
Quarterly Financial Information (unaudited) (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information (unaudited)
The following table reflects the quarterly results of operations for the years ended December 31, 2018 and 2017 (dollars in thousands):
 
 
 
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) loss attributable 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

 
 
Quarter ended
 
 
December 31, 2017
 
September 30, 2017
 
June 30, 2017
 
March 31, 2017
Operating revenues
 
$
25,253

 
$
24,365

 
$
22,867

 
$
22,314

Operating expenses
 
(20,405
)
 
(15,867
)
 
(14,357
)
 
(17,708
)
Other expense, net
 
(6,311
)
 
(6,115
)
 
(7,849
)
 
(250
)
Net income
 
(1,463
)
 
2,383

 
661

 
4,356

Dividends attributable to preferred and senior common stock
 
(2,802
)
 
(2,767
)
 
(2,686
)
 
(2,621
)
Net (loss) income (attributable) available to common stockholders
 
$
(4,265
)

$
(384
)

$
(2,025
)
 
$
1,735

Net (loss) income (attributable) available to common stockholders - basic & diluted
 
$
(0.17
)
 
$
(0.01
)
 
$
(0.08
)
 
$
0.07