Selected Quarterly Financial Data

12 Months Ended

Dec. 31, 2015

Selected Quarterly Financial Data [Abstract]

Selected Quarterly Financial Data

NOTE 14 – SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

	Year Ended December 31, 2015
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Total Revenues	$	95,760	$	127,081	$	124,560	$	123,177
Total Expenses		99,875		108,090		111,396		113,116
(Loss) Income from Unconsolidated Joint Ventures		(274)		526		608		105
(Loss) Income from Continuing Operations		(4,389)		19,517		13,772		10,166
Income Tax Benefit		-		109		631		2,401
Net (Loss) Income		(4,389)		19,626		14,403		12,567
(Loss) Income Allocated to Noncontrolling Interests in Continuing Operations		(443)		405		244		205
Preferred Distributions		3,589		3,589		3,589		3,589
Net (Loss) Income applicable to Common Shareholders	$	(7,535)	$	15,632	$	10,570	$	8,773
Basic and diluted earnings per share:
Net (Loss) Income applicable to Common Shareholders	$	(0.16)	$	0.32	$	0.22	$	0.19
Weighted Average Common Shares Outstanding
Basic		49,582,790		48,530,716		47,417,452		45,663,416
Diluted		49,582,790		49,043,914		47,909,549		46,211,104
	Year Ended December 31, 2014
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Total Revenues	$	80,348	$	111,830	$	113,048	$	112,985
Total Expenses		85,216		53,662		106,767		106,340
(Loss) Income from Unconsolidated Joint Ventures		(420)		419		607		87
(Loss) Income from Continuing Operations		(5,288)		58,587		6,888		6,732
Income Tax Benefit		108		(1)		699		1,879
(Loss) Income from Discontinued Operations (including Gain on Disposition of Discontinued Assets)*		(1,333)		-		-		-
Net (Loss) Income		(6,513)		58,586		7,587		8,611
(Loss) Income Allocated to Noncontrolling Interests in Continuing Operations		(507)		1,655		(49)		(83)
Preferred Distributions		3,589		3,589		3,589		3,589
Net (Loss) Income applicable to Common Shareholders	$	(9,595)	$	53,342	$	4,047	$	5,105
Basic and diluted earnings per share:
(Loss) Income from continuing operations applicable to common shareholders	$	(0.16)	$	1.08	$	0.08	$	0.12
Discontinued Operations		(0.04)		-		-		-
Net Loss (Income) applicable to Common Shareholders	$	(0.20)	$	1.08	$	0.08	$	0.12
Weighted Average Common Shares Outstanding
Basic		50,185,938		49,623,618		49,649,379		49,657,486
Diluted		50,185,938		50,053,389		50,155,497		50,228,966

*Effective January 1, 2014, we early adopted ASU Update No. 2014-08 concerning the classification and reporting of discontinued operations. As such, this line item for quarterly results presented for 2014 will not be comparable.