| Earnings Per Share |
Earnings Per Share The components of the computation of basic and diluted EPS are as follows: | | | | | | Three-Month Period Ended March 31, 2019 | (In thousands except share amounts) | | Net income (loss) attributable to common stockholders | $ | 15,408 |
| Add: Net income (loss) attributable to Convertible Non-controlling Interests(1) | 380 |
| Net income (loss) related to common stockholders and Convertible Non-controlling Interests | 15,788 |
| Dividends Paid: | | Common stockholders | (16,360 | ) | Convertible Non-controlling Interests | (404 | ) | Total dividends paid to common stockholders and Convertible Non-controlling Interests | (16,764 | ) | Undistributed (Distributed in excess of) earnings: | | Common stockholders | (952 | ) | Convertible Non-controlling Interests | (24 | ) | Total undistributed (distributed in excess of) earnings attributable to common stockholders and Convertible Non-controlling Interests | (976 | ) | Weighted average shares outstanding (basic and diluted): | | Weighted average shares of common stock outstanding | 29,747,537 |
| Weighted average Convertible Non-controlling Interest Units outstanding | 733,371 |
| Weighted average shares of common stock and Convertible Non-controlling Interest Units outstanding | 30,480,908 |
| Basic earnings per share of common stock: | | Distributed | $ | 0.55 |
| Undistributed (Distributed in excess of) | (0.03 | ) | | $ | 0.52 |
| Diluted earnings per share of common stock: | | Distributed | $ | 0.55 |
| Undistributed (Distributed in excess of) | (0.03 | ) | | $ | 0.52 |
|
| | (1) | For the three-month period ended March 31, 2019, excludes net income (loss) of $0.7 million, attributable to joint venture partners, which have non-participating interests as described in Note 15. |
Earnings Per Share The components of the computation of basic and diluted EPS were as follows: | | | | | | | | Three-Month Period Ended March 31, 2018 | (In thousands except share amounts) | | | Net increase in shareholders' equity resulting from operations | | $ | 21,039 |
| Add: Net increase in equity resulting from operations attributable to the participating non-controlling interest(1) | | 142 |
| Net increase in equity resulting from operations related to common shares, LTIP Unit holders, and participating non-controlling interest | | 21,181 |
| Net increase in shareholders' equity resulting from operations available to common share and LTIP Unit holders: | | | Net increase in shareholders' equity resulting from operations– common shares | | 20,709 |
| Net increase in shareholders' equity resulting from operations– LTIP Units | | 330 |
| Dividends Paid(2): | | | Common shareholders | | (12,562 | ) | LTIP Unit holders | | (201 | ) | Non-controlling interest | | (87 | ) | Total dividends paid to common shareholders, LTIP Unit holders, and non-controlling interest | | (12,850 | ) | Undistributed (Distributed in excess of) earnings: | | | Common shareholders | | 8,147 |
| LTIP Unit holders | | 129 |
| Non-controlling interest | | 55 |
| Total undistributed (distributed in excess of) earnings attributable to common shareholders, LTIP Unit holders, and non-controlling interest | | $ | 8,331 |
| Weighted average shares outstanding (basic and diluted): | | | Weighted average common shares outstanding | | 30,830,615 |
| Weighted average participating LTIP Units | | 491,638 |
| Weighted average non-controlling interest units | | 212,000 |
| Basic earnings per common share: | | | Distributed | | $ | 0.41 |
| Undistributed (Distributed in excess of) | | 0.26 |
| | | $ | 0.67 |
| Diluted earnings per common share: | | | Distributed | | $ | 0.41 |
| Undistributed (Distributed in excess of) | | 0.26 |
| | | $ | 0.67 |
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| | (1) | For the three-months ended March 31, 2018 excludes net increase (decrease) in equity resulting from operations of $0.1 million attributable to joint venture partners, which have non-participating interests as described in Note 11. |
| | (2) | The Company pays quarterly dividends in arrears, so a portion of the dividends paid in each calendar year relate to the prior year's earnings. |
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