XML 53 R42.htm IDEA: XBRL DOCUMENT
v3.20.2

Equity (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2020
Equity |
Schedule of dividends declared by the Company (on a per share basis) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Common Stock | ​ | Preferred Stock
​ | ​ | ​ | ​ | ​ | ​ | ​ | Dividend (1)
Declaration Date |  | Dividend |  | Declaration Date |  | Series A |  | Series B |  | Series C
February 13, 2020 | ​ | $ | 0.30 | ​ | January 31, 2020 | ​ | $ | 0.515625 | ​ | $ | 0.484375 | ​ | $ | 0.53125
May 6, 2020 | ​ | $ | 0.30 | ​ | May 1, 2020 | ​ | $ | 0.515625 | ​ | $ | 0.484375 | ​ | $ | 0.53125
(1) | The dividend declared on May 1, 2020 was for March 1, 2020 through May 31, 2020 and the dividend declared on January 31, 2020 was for December 1, 2019 through February 29, 2020.
​
Schedule of reconciliation of the numerator and denominator of the basic and diluted EPS computations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30,
​ | ​ | 2020 | ​ | 2019
​ |  | Basic |  | Diluted |  | Basic | ​ | Diluted
Net income attributable to common stockholders (1) | ​ | $ | 44,091 | ​ | $ | 44,091 | ​ | $ | 28,916 | ​ | $ | 28,916
Net income attributable to noncontrolling interest (2) | ​ | ​ | — | ​ | ​ | 8,110 | ​ | ​ | — | ​ | ​ | 6,598
Net income attributable to common stockholders and noncontrolling interest | ​ | $ | 44,091 | ​ | $ | 52,201 | ​ | $ | 28,916 | ​ | $ | 35,514
Weighted average shares outstanding | ​ |  | 110,745,572 | ​ |  | 110,745,572 | ​ |  | 89,955,923 | ​ |  | 89,955,923
Dilutive effect of OP Units (2) | ​ | ​ | — | ​ | ​ | 20,369,265 | ​ | ​ | — | ​ | ​ | 20,486,862
Dilutive effect of restricted stock units (3) | ​ |  | — | ​ |  | 767,561 | ​ |  | — | ​ |  | 1,412,925
Dilutive effect of convertible notes (4) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,768,674
Weighted average shares outstanding | ​ |  | 110,745,572 | ​ |  | 131,882,398 | ​ |  | 89,955,923 | ​ |  | 113,624,384
Net income per common share (1) | ​ | $ | 0.40 | ​ | $ | 0.40 | ​ | $ | 0.32 | ​ | $ | 0.31
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six Months Ended June 30, | ​
​ | ​ | 2020 | ​ | 2019 | ​
​ |  | Basic |  | Diluted |  | Basic |  | Diluted | ​
Net (loss) income attributable to common stockholders (1) | ​ | $ | (15,219) | ​ | $ | (15,219) | ​ | $ | 51,566 | ​ | $ | 51,566 | ​
Net (loss) income attributable to noncontrolling interest (2) | ​ | ​ | — | ​ | ​ | (2,824) | ​ | ​ | — | ​ | ​ | 12,066 | ​
Net (loss) income attributable to common stockholders and noncontrolling interest | ​ | $ | (15,219) | ​ | $ | (18,043) | ​ | $ | 51,566 | ​ | $ | 63,632 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average shares outstanding | ​ |  | 110,768,992 | ​ |  | 110,768,992 | ​ |  | 87,567,171 | ​ |  | 87,567,171 | ​
Dilutive effect of OP Units (2) | ​ | ​ | — | ​ | ​ | 20,397,026 | ​ | ​ | — | ​ | ​ | 20,520,461 | ​
Dilutive effect of restricted stock units (3) | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 1,394,821 | ​
Dilutive effect of convertible notes (4) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,297,227 | ​
Weighted average shares outstanding | ​ |  | 110,768,992 | ​ |  | 131,166,018 | ​ |  | 87,567,171 | ​ |  | 110,779,680 | ​
Net (loss) income per common share (1) | ​ | $ | (0.14) | ​ | $ | (0.14) | ​ | $ | 0.59 | ​ | $ | 0.57 | ​
(1) | Net of preferred stock dividends.
(2) | We consider OP Units to be common stock equivalents as the holders have 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.
(3) | Mr. Kaufman is granted restricted stock units annually, 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, of which was antidilutive at June 30, 2020.

X
- Definition Tabular disclosure of all or some of the information related to dividends declared, but not paid, as of the financial reporting date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=121583591&loc=d3e4304-108586 + Details
Name: | us-gaap_ScheduleOfDividendsPayableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration