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Quarterly Financial Information (unaudited) | 12 Months Ended
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Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Information (unaudited) | Quarterly Financial Information (unaudited) The following table presents summarized quarterly financial data for the years ended December 31, 2016 and 2015 (in thousands, except per share data):
| Quarter
| First |  | Second |  | Third |  | Fourth (1)
2016 |  |  |  |  |  |  |  |  |  |  |
Rents from single-family properties | $ | 167,995 |  |  | $ | 193,491 |  |  | $ | 197,137 |  |  | $ | 198,980 |
Net income (loss) | $ | 5,028 |  |  | $ | (3,753 | ) |  | $ | (167 | ) |  | $ | 9,338 |
Net (loss) income attributable to common shareholders | $ | (4,377 | ) |  | $ | (10,404 | ) |  | $ | (21,152 | ) |  | $ | 2,391 |
Net (loss) income attributable to common shareholders per share—basic | $ | (0.02 | ) |  | $ | (0.04 | ) |  | $ | (0.09 | ) |  | $ | 0.01 |
Net loss attributable to common shareholders per share—diluted | $ | (0.02 | ) |  | $ | (0.04 | ) |  | $ | (0.09 | ) |  | $ | (0.01 | )
| Quarter
| First |  | Second |  | Third |  | Fourth
2015 |  |  |  |  |  |  |  |  |  |  |
Rents from single-family properties | $ | 120,680 |  |  | $ | 137,818 |  |  | $ | 148,815 |  |  | $ | 152,406 |
Net loss | $ | (8,265 | ) |  | $ | (8,398 | ) |  | $ | (19,938 | ) |  | $ | (11,347 | )
Net loss attributable to common shareholders | $ | (17,790 | ) |  | $ | (17,697 | ) |  | $ | (28,616 | ) |  | $ | (20,474 | )
Net loss attributable to common shareholders per share—basic and diluted | $ | (0.08 | ) |  | $ | (0.08 | ) |  | $ | (0.14 | ) |  | $ | (0.10 | )
(1) | In the fourth quarter of 2016, the Company corrected its allocation of income and loss between operating partnership unit holders, which resulted in an adjustment to net income (loss) attributable to noncontrolling interest. In accordance with SEC Staff Accounting Bulletin (“SAB”) No. 99 and SAB No. 108, the Company assessed the materiality of this adjustment on its financial statements for the years ended December 31, 2016, 2015 and 2014, as well as the quarters within those annual periods. As a result, the Company recorded a $5.7 million reduction to noncontrolling interest in the consolidated balance sheet as of December 31, 2016, as well as a corresponding reduction to net income attributable to noncontrolling interest in the consolidated statement of operations for the three months ended December 31, 2016. Prior quarter and prior year amounts have not been revised as the effect was immaterial.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=68076893&loc=d3e1570-108306 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e765-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e725-108305 + Details
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