QUARTERLY FINANCIAL INFORMATION (unaudited) (Tables)

12 Months Ended

Dec. 31, 2019

QUARTERLY FINANCIAL INFORMATION (unaudited)

Schedule of selected quarterly financial data

	Quarter (1)
2019		First		Second		Third		Fourth
	(in thousands, except per share data)
Income from rental operations	$	29,831	$	30,270	$	30,173	$	30,065
Net Income	$	3,790	$	4,821	$	3,470	$	3,978
Net Income attributable to Sterling Real Estate Trust	$	1,288	$	1,647	$	1,213	$	1,386
Net Income per common share, basic and diluted	$	0.14	$	0.18	$	0.13	$	0.15
Weighted average common shares outstanding		9,091,000		9,209,000		9,322,000		9,444,000

	Quarter (1)
2018		First		Second		Third		Fourth
	(in thousands, except per share data)
Income from rental operations	$	29,099	$	28,646	$	29,055	$	29,251
Net Income	$	5,258	$	4,977	$	7,084	$	4,659
Net Income attributable to Sterling Real Estate Trust	$	1,740	$	1,675	$	2,379	$	1,580
Net Income per common share, basic and diluted	$	0.20	$	0.19	$	0.27	$	0.18
Weighted average common shares outstanding		8,627,000		8,720,000		8,840,000		8,971,000

(1) With regard to per share calculations, the sum of the quarterly results may not equal full year results due to rounding.