(Dollars in thousands, except per share amounts)



	Three Months Ended
	March 31, 2017			June 30, 2017			September 30, 2017			December 31, 2017
Revenues	$	123,005		$	106,513		$	107,396		$	110,740
Expenses ^(a)	59,615			55,581			53,313			65,817
Net income ^{(a) (b) (c)}	47,146			41,725			33,810			13,488
Net income attributable to noncontrolling interests	(9,135		)	(10,919		)	(9,081		)	(9,747		)
Net income attributable to CPA:17 – Global ^{(a) (b) (c)}	38,011			30,806			24,729			3,741

Earnings per share attributable to CPA:17 – Global	$	0.11		$	0.09		$	0.07		$	0.01
Distributions declared per share	$	0.1625		$	0.1625		$	0.1625		$	0.1625

	Three Months Ended
	March 31, 2016			June 30, 2016			September 30, 2016			December 31, 2016
Revenues	$	107,226		$	109,185		$	110,076		$	113,875
Expenses ^(d)	56,205			60,037			87,442			60,118
Net income ^(e)	55,617			91,241			67,045			15,305
Net income attributable to noncontrolling interests	(10,194		)	(9,383		)	(8,827		)	(10,459		)
Net income attributable to CPA:17 – Global ^{(d) (e)}	45,423			81,858			58,218			4,846

Earnings per share attributable to CPA:17 – Global	$	0.13		$	0.24		$	0.17		$	0.01
Distributions declared per share	$	0.1625		$	0.1625		$	0.1625		$	0.1625

__________


(a)	Amounts for the three months ended December 31, 2017 and March 31, 2017 include impairment charges of $4.2 million and $4.5 million, respectively, on our consolidated real estate investments (Note 8).


(b)	Amounts for the three months ended December 31, 2017, September 30, 2017, and June 30, 2017 include impairment charges of $1.8 million, $6.3 million, and $2.5 million, respectively, on our equity investments on real estate (Note 8).


(c)	Amount for the three months ended December 31, 2017 includes loss on change of control of interests of $13.9 million that was recognized in connection with the restructuring of the Shelborne hotel (Note 4).


(d)	Amount for the three months ended September 30, 2016, includes an impairment charge of $29.2 million (Note 8).

(e)

Amount for the three months ended June 30, 2016 includes gains on change of control of interests of $49.9 million, recognized in connection our acquisition of the remaining 15% controlling interest in a jointly owned investment in five self-storage properties (Note 4). Amounts for the three months ended March 31, 2016, June 30, 2016, and September 30, 2016 include gain on sale of real estate, net of tax totaling $25.4 million, $25.0 million, and $82.3 million, respectively, recognized in connection with the disposition of certain self-storage properties that occurred during these periods. Amounts for the three months ended March 31, 2016, June 30, 2016, September 30, 2016, and December 31, 2016 include a loss on extinguishment of debt of $2.5 million, $5.1 million, $16.0 million, and $0.8 million, respectively (Note 10). During the three months ended December 31, 2016, our Shelborne equity investment incurred a $22.8 million impairment charge to reduce goodwill at the investee level to its fair value, partially offset by $10.6 million of income recognized in conjunction with the termination of a management agreement. Additionally, we recorded $10.6 million of losses guaranteed by the previous management company under the terms of the management agreement (Note 6).