| Quarterly Financial Information |
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Year Ended December 31, 2020 |
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First Quarter |
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Second Quarter |
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Third Quarter |
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Fourth Quarter |
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Total revenue |
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$ |
21,649 |
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$ |
22,055 |
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$ |
25,097 |
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$ |
24,930 |
Total expenses |
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18,832 |
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20,383 |
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34,677 |
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22,338 |
Net income (loss) |
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2,817 |
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1,672 |
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(9,580) |
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2,592 |
Less: Preferred stock dividends |
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(1,455) |
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(1,455) |
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(1,455) |
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(1,455) |
Less: Net (income) loss attributable to noncontrolling interest |
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(107) |
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(13) |
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767 |
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(74) |
Net income (loss) attributable to common stockholders |
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$ |
1,255 |
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$ |
204 |
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$ |
(10,268) |
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$ |
1,063 |
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Net income (loss) attributable to common stockholders per share – basic and diluted |
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$ |
0.03 |
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$ |
0.00 |
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$ |
(0.22) |
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$ |
0.02 |
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Weighted average shares outstanding – basic and diluted |
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44,182 |
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45,404 |
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46,908 |
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48,496 |
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Year Ended December 31, 2019 |
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First Quarter |
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Second Quarter |
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Third Quarter |
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Fourth Quarter |
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Total revenue |
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$ |
15,200 |
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$ |
16,880 |
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$ |
18,195 |
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$ |
20,452 |
Total expenses |
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13,157 |
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14,418 |
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15,887 |
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17,677 |
Net income |
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2,043 |
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2,462 |
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2,308 |
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2,775 |
Less: Preferred stock dividends |
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(1,455) |
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(1,455) |
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(1,455) |
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(1,455) |
Less: Net income attributable to noncontrolling interest |
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(60) |
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(103) |
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(83) |
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(108) |
Net income attributable to common stockholders |
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$ |
528 |
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$ |
904 |
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$ |
770 |
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$ |
1,212 |
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Net income attributable to common stockholders per share – basic and diluted |
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$ |
0.02 |
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$ |
0.03 |
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$ |
0.02 |
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$ |
0.03 |
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Weighted average shares outstanding – basic and diluted |
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27,380 |
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34,559 |
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35,512 |
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37,876 |
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