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Quarterly Results (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Summary of Unaudited Quarterly Financial Information
Presented below is a summary of the unaudited quarterly financial information for the year ended December 31, 2019 for the General Partner (in thousands, except share and per share amounts):
 
 
Quarters Ended
 
 
March 31,
2019
 
June 30,
2019
 
September 30,
2019
 
December 31,
2019
Rental revenue
 
$
316,843

 
$
312,043

 
$
302,985

 
$
305,363

Net income (loss)
 
70,971

 
292,284

 
(741,529
)
 
71,168

Net income (loss) attributable to the General Partner
 
69,304

 
285,658

 
(726,440
)
 
71,125

Basic and dilutive net income (loss) per share attributable to common stockholders (1)
 
$
0.05

 
$
0.27

 
$
(0.76
)
 
$
0.05

_______________________________________________
(1)
The sum of the quarterly net income (loss) per share amounts may not agree to the full year net loss per share amounts. The Company calculates net income (loss) per share based on the weighted-average number of outstanding shares of Common Stock during the reporting period. The average number of shares fluctuates throughout the year and can therefore produce a full year result that does not agree to the sum of the individual quarters.
Presented below is a summary of the unaudited quarterly financial information for the year ended December 31, 2019 for the OP (in thousands, except share and per share amounts):
 
 
Quarters Ended
 
 
March 31,
2019
 
June 30,
2019
 
September 30,
2019
 
December 31,
2019
Rental revenue
 
$
316,843

 
$
312,043

 
$
302,985

 
$
305,363

Net income (loss)
 
70,971

 
292,284

 
(741,529
)
 
71,168

Net income (loss) attributable to the OP
 
70,999

 
292,314

 
(741,504
)
 
71,187

Basic and dilutive net income (loss) per unit attributable to common unitholders (1)
 
$
0.05

 
$
0.27

 
$
(0.76
)
 
$
0.05

_______________________________________________
(1)
The sum of the quarterly net income (loss) per unit amounts may not agree to the full year loss income per unit amounts. The Company calculates net income (loss) per unit based on the weighted-average number of outstanding units during the reporting period. The average number of units fluctuates throughout the year and can therefore produce a full year result that does not agree to the sum of the individual quarters.
Presented below is a summary of the unaudited quarterly financial information for the year ended December 31, 2018 for the General Partner (in thousands, except share and per share amounts):
 
 
Quarters Ended
 
 
March 31,
2018
 
June 30,
2018
 
September 30,
2018
 
December 31,
2018
Rental revenue (1)
 
$
315,074

 
$
315,664

 
$
313,866

 
$
313,263

Net income (loss) from continuing operations
 
29,036

 
(74,691
)
 
(73,942
)
 
27,872

Income (loss) from discontinued operations, net of income taxes
 
3,501

 
224

 
—

 
(30
)
Net income (loss)
 
32,537

 
(74,467
)
 
(73,942
)
 
27,842

Net income (loss) attributable to the General Partner
 
31,795

 
(72,670
)
 
(72,117
)
 
27,218

Basic and diluted net income (loss) per share from continuing operations attributable to common stockholders (2)
 
$
0.01

 
$
(0.09
)
 
$
(0.09
)
 
$
0.01

Basic and diluted net income (loss) per share from discontinued operations attributable to common stockholders (2)
 
$
0.00

 
$
0.00

 
$
—

 
$
(0.00
)
Basic and dilutive net income (loss) per share attributable to common stockholders (2)
 
$
0.01

 
$
(0.09
)
 
$
(0.09
)
 
$
0.01

_______________________________________________
(1)
Represents revenue from continuing operations as presented on the statement of operations in accordance with U.S. GAAP. Substantially all of Cole Capital is presented as discontinued operations and the Company’s remaining financial results are reported as a single segment for all periods presented.
(2)
The sum of the quarterly net income (loss) per share amounts may not agree to the full year loss per share amounts. The Company calculates net income (loss) per share based on the weighted-average number of outstanding shares of Common Stock during the reporting period. The average number of shares fluctuates throughout the year and can therefore produce a full year result that does not agree to the sum of the individual quarters.
Presented below is a summary of the unaudited quarterly financial information for the year ended December 31, 2018 for the OP (in thousands, except share and per share amounts):
 
 
Quarters Ended
 
 
March 31,
2018
 
June 30,
2018
 
September 30,
2018
 
December 31,
2018
Rental revenue (1)
 
$
315,074

 
$
315,664

 
$
313,866

 
$
313,263

Net income (loss) from continuing operations
 
29,036

 
(74,691
)
 
(73,942
)
 
27,872

Income (loss) from discontinued operations, net of income taxes
 
3,501

 
224

 
—

 
(30
)
Net income (loss)
 
32,537

 
(74,467
)
 
(73,942
)
 
27,842

Net income (loss) attributable to the OP
 
32,577

 
(74,451
)
 
(73,885
)
 
27,883

Basic and diluted net income (loss) per unit from continuing operations attributable to common unitholders (2)
 
$
0.01

 
$
(0.09
)
 
$
(0.09
)
 
$
0.01

Basic and diluted net income (loss) per unit from discontinued operations attributable to common unitholders (2)
 
$
0.00

 
$
0.00

 
$
—

 
$
(0.00
)
Basic and dilutive net income (loss) per unit attributable to common unitholders (2)
 
$
0.01

 
$
(0.09
)
 
$
(0.09
)
 
$
0.01

_______________________________________________
(1)
Represents revenue from continuing operations as presented on the statement of operations in accordance with U.S. GAAP. Substantially all of Cole Capital is presented as discontinued operations and the Company’s remaining financial results are reported as a single segment for all periods presented.
(2)
The sum of the quarterly net income (loss) per unit amounts may not agree to the full year net loss per unit amounts. The Company calculates net income (loss) per unit based on the weighted-average number of outstanding units during the reporting period. The average number of units fluctuates throughout the year and can therefore produce a full year result that does not agree to the sum of the individual quarters.