Quarterly financial information

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

Note 15. Quarterly financial information (unaudited)

The following table presents summarized quarterly financial data for the years ended December 31, 2013 and 2012 (in thousands, except per share information):


	Quarter
	First			Second			Third			Fourth
2013
Rents from single-family properties	$	6,495		$	17,020		$	47,364		$	61,843
Net income / (loss)	$	(6,857	)	$	1,123		$	(3,861	)	$	(9,471	)
Net loss attributable to common shareholders	$	(7,752	)	$	(13,997	)	$	(7,659	)	$	(14,519	)
Net loss attributable to common shareholders per share—basic and diluted	$	(0.16	)	$	(0.15	)	$	(0.05	)	$	(0.08	)

	Quarter
	First			Second			Third			Fourth
2012
Rents from single-family properties	$	96		$	184		$	983		$	3,277
Net loss	$	(164	)	$	(1,566	)	$	(2,675	)	$	(5,831	)
Net loss attributable to common shareholders	$	(164	)	$	(1,566	)	$	(2,675	)	$	(5,831	)
Net loss attributable to common shareholders per share—basic and diluted	$	(0.05	)	$	(0.47	)	$	(0.81	)	$	(0.09	)

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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