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Equity (Tables)

6 Months Ended

Jun. 30, 2020

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.