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Equity (Tables) | 9 Months Ended
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Sep. 30, 2017
Equity |
Schedule of dividends declared by the Company (on a per share basis) | The following table presents dividends declared (on a per share basis) during the nine months ended September 30, 2017:
Common Stock |  | Preferred Stock |
|  |  |  |  |  | Dividend (1) |
Declaration Date |  | Dividend |  | Declaration Date |  | Series A |  | Series B |  | Series C |
August 2, 2017 |  | $ | 0.18 |  | August 2, 2017 |  | $ | 0.515625 |  | $ | 0.484375 |  | $ | 0.53125 |
May 3, 2017 |  | $ | 0.18 |  | May 3, 2017 |  | $ | 0.515625 |  | $ | 0.484375 |  | $ | 0.53125 |
March 1, 2017 |  | $ | 0.17 |  | February 3, 2017 |  | $ | 0.515625 |  | $ | 0.484375 |  | $ | 0.53125 |
| (1) |  | The dividend declared on August 2, 2017 was for June 1, 2017 through August 31, 2017, the dividend declared on May 3, 2017 was for March 1, 2017 through May 31, 2017 and the dividend declared on February 3, 2017 was for December 1, 2016 through February 28, 2017.
Schedule of reconciliation of the numerator and denominator of the basic and diluted EPS computations |
|  | Three Months Ended September 30, 2017 |  | Three Months Ended September 30, 2016 |
|  | Basic |  | Diluted |  | Basic |  | Diluted |
Net income attributable to common stockholders (1) |  | $ | 16,420,958 |  | $ | 16,420,958 |  | $ | 10,888,172 |  | $ | 10,888,172 |
Net income attributable to noncontrolling interest (2) |  | — |  | 5,661,184 |  | — |  | 3,649,432 |
Net income attributable to common stockholders and nocontrolling interest |  | $ | 16,420,958 |  | $ | 22,082,142 |  | $ | 10,888,172 |  | $ | 14,537,604 |
Weighted average shares outstanding |  | 61,582,796 |  | 61,582,796 |  | 51,390,467 |  | 51,390,467 |
Dilutive effect of OP Units (2) |  | — |  | 21,230,769 |  | — |  | 18,230,769 |
Dilutive effect of restricted stock units (3) |  | — |  | 1,104,552 |  | — |  | 650,560 |
Weighted average shares outstanding |  | 61,582,796 |  | 83,918,117 |  | 51,390,467 |  | 70,271,796 |
Net income per common share (1) |  | $ | 0.27 |  | $ | 0.26 |  | $ | 0.21 |  | $ | 0.21 |
|  | Nine Months Ended September 30, 2017 |  | Nine Months Ended September 30, 2016 |
|  | Basic |  | Diluted |  | Basic |  | Diluted |
Net income attributable to common stockholders (1) |  | $ | 43,964,070 |  | $ | 43,964,070 |  | $ | 22,261,516 |  | $ | 22,261,516 |
Net income attributable to noncontrolling interest (2) |  | — |  | 16,596,415 |  | — |  | — |
Net income attributable to common stockholders and nocontrolling interest |  | $ | 43,964,070 |  | $ | 60,560,485 |  | $ | 22,261,516 |  | $ | 22,261,516 |
Weighted average shares outstanding |  | 56,602,504 |  | 56,602,504 |  | 51,272,795 |  | 51,272,795 |
Dilutive effect of OP Units (2) |  | — |  | 21,230,769 |  | — |  | — |
Dilutive effect of restricted stock units (3) |  | — |  | 1,077,178 |  | — |  | 354,755 |
Dilutive effect of convertible senior unsecurred notes (4) |  | — |  | 32,468 |  | — |  | — |
Weighted average shares outstanding |  | 56,602,504 |  | 78,942,919 |  | 51,272,795 |  | 51,627,550 |
Net income per common share (1) |  | $ | 0.78 |  | $ | 0.77 |  | $ | 0.43 |  | $ | 0.43 |
| (1) |  | Net of preferred stock dividends.
| (2) |  | We consider OP Units to be common stock equivalents as the holder has voting rights, the right to distributions and the right to redeem the OP Units for the cash value of a corresponding number of shares of common stock or a corresponding number of shares of common stock, at our election. For the nine months ended September 30, 2016, the OP Units were considered anti-dilutive and excluded from diluted EPS.
| (3) |  | Mr. Kaufman was granted restricted stock units in 2017, 2016 and 2015 which vest at the end of a four-year performance period based upon our achievement of total stockholder return objectives.
| (4) |  | The convertible senior unsecured notes impact diluted earnings per share if the average price of our common stock exceeds the conversion price, as calculated in accordance with the terms of the indenture.

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