Year Ended December 31, 2019

First Quarter

Second Quarter

Third Quarter

Fourth Quarter

Total revenue

$

15,200

$

16,880

$

18,195

$

20,452

Total expenses

13,157

14,418

15,887

17,677

Net income

2,043

2,462

2,308

2,775

Less: Preferred stock dividends

(1,455)

(1,455)

(1,455)

(1,455)

Less: Net income attributable to noncontrolling interest

(60)

(103)

(83)

(108)

Net income attributable to common stockholders

$

528

$

904

$

770

$

1,212

Net income attributable to common stockholders per share – basic and diluted

$

0.02

$

0.03

$

0.02

$

0.03

Weighted average shares outstanding – basic and diluted

27,380

34,559

35,512

37,876

Year Ended December 31, 2018

First Quarter

Second Quarter

Third Quarter

Fourth Quarter

Total revenue

$

11,564

$

13,249

$

14,003

$

14,376

Total expenses

9,663

11,865

12,230

12,547

Income before gain on sale of investment property

1,901

1,384

1,773

1,829

Gain on sale of investment property

 —

 —

 —

7,675

Net income

1,901

1,384

1,773

9,504

Less: Preferred stock dividends

(1,455)

(1,455)

(1,455)

(1,455)

Less: Net (income) loss attributable to noncontrolling interest

(35)

 7

(32)

(1,013)

Net income (loss) attributable to common stockholders

$

411

$

(64)

$

286

$

7,036

Net income (loss) attributable to common stockholders per share – basic and diluted

$

0.02

$

(0.00)

$

0.01

$

0.31

Weighted average shares outstanding – basic and diluted

21,631

21,631

21,797

22,815