Equity (Tables)

6 Months Ended

Jun. 30, 2021

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		Series D
February 17, 2021	$	0.33	February 1, 2021	$	0.515625	$	0.484375	$	0.53125	N/A
May 5, 2021	$	0.34	April 30, 2021	$	0.515625	$	0.484375	$	0.53125	N/A

(1)

The dividend declared on April 30, 2021 was for March 1, 2021 through May 31, 2021 and the dividend declared on February 1, 2021 was for December 1, 2020 through February 28, 2021. As mentioned above, we used a portion of the proceeds from our Series D preferred stock to fully redeem our Series A, B and C preferred stock in June 2021.

Schedule of reconciliation of the numerator and denominator of the basic and diluted EPS computations


	Three Months Ended June 30,
	2021				2020
	Basic		Diluted		Basic		Diluted
Net income attributable to common stockholders (1)	$	69,126	$	69,126	$	44,091	$	44,091
Net income attributable to noncontrolling interest (2)		—		8,717		—		8,110
Net income attributable to common stockholders and noncontrolling interest	$	69,126	$	77,843	$	44,091	$	52,201
Weighted average shares outstanding		135,262,197		135,262,197		110,745,572		110,745,572
Dilutive effect of OP Units (2)		—		17,056,229		—		20,369,265
Dilutive effect of restricted stock units (3)		—		929,734		—		767,561
Dilutive effect of convertible notes (4)		—		368,431		—		—
Weighted average shares outstanding		135,262,197		153,616,591		110,745,572		131,882,398
Net income per common share (1)	$	0.51	$	0.51	$	0.40	$	0.40


	Six Months Ended June 30,
	2021				2020
Net income (loss) attributable to common stockholders (1)	$	138,606	$	138,606	$	(15,219)	$	(15,219)
Net income (loss) attributable to noncontrolling interest (2)		—		18,459		—		(2,824)
Net income (loss) attributable to common stockholders and noncontrolling interest	$	138,606	$	157,065	$	(15,219)	$	(18,043)
Weighted average shares outstanding		130,276,499		130,276,499		110,768,992		110,768,992
Dilutive effect of OP Units (2)		—		17,307,037		—		20,397,026
Dilutive effect of restricted stock units (3)		—		921,187		—		—
Dilutive effect of convertible notes (4)		—		313,307		—		—
Weighted average shares outstanding		130,276,499		148,818,030		110,768,992		131,166,018
Net income (loss) per common share (1)	$	1.06	$	1.06	$	(0.14)	$	(0.14)

(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)	Our chief executive officer 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.