Earnings per Common Share (Tables)

6 Months Ended

Jun. 30, 2023

The computation of basic and diluted earnings per common share is as follows (in thousands, except share and per share data):


	For the three months ended June 30,				For the six months ended June 30,
	2023		2022		2023		2022
Numerator:
Net income attributable to RLJ	$	41,395	$	32,966	$	52,040	$	17,718
Less: Preferred dividends	(6,279)		(6,279)		(12,557)		(12,557)
Less: Dividends paid on unvested restricted shares	(197)		(24)		(399)		(50)
Less: Undistributed earnings attributable to unvested restricted shares	(351)		(368)		(219)		(27)
Net income attributable to common shareholders excluding amounts attributable to unvested restricted shares	$	34,568	$	26,295	$	38,865	$	5,084

Denominator:
Weighted-average number of common shares - basic	156,424,444		163,539,446		157,945,406		163,857,785
Unvested restricted shares	316,743		245,127		435,974		359,365

Weighted-average number of common shares - diluted	156,741,187		163,784,573		158,381,380		164,217,150

Net income per share attributable to common shareholders - basic	$	0.22	$	0.16	$	0.25	$	0.03

Net income per share attributable to common shareholders - diluted	$	0.22	$	0.16	$	0.25	$	0.03