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EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Reconciliation of Numerator and Denominator Used To Calculate Basic and Diluted Earnings per Share
The following table presents a reconciliation of the numerator and denominator used to calculate basic and diluted earnings per share reported in the condensed consolidated financial statements for the three and six months ended June 30, 2020 and 2019:  
 
(in thousands, except per share data)
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2020
 
2019
 
2020
 
2019
NUMERATOR
 

 
 

 
 
 
 
Net income (loss) attributable to controlling interests
$
(3,803
)
 
$
3,113

 
$
(10,810
)
 
$
(1,585
)
Dividends to preferred shareholders
(1,609
)
 
(1,706
)
 
(3,314
)
 
(3,411
)
Redemption of preferred shares
25

 
—

 
298

 
—

Numerator for basic earnings (loss) per share – net income available to common shareholders
(5,387
)
 
1,407

 
(13,826
)
 
(4,996
)
Noncontrolling interests – Operating Partnership
(447
)
 
148

 
(1,139
)
 
(595
)
Dividends to preferred unitholders
160

 
160

 
320

 
217

Numerator for diluted earnings (loss) per share
$
(5,674
)
 
$
1,715

 
$
(14,645
)
 
$
(5,374
)
DENOMINATOR
 

 
 

 
 

 
 

Denominator for basic earnings per share weighted average shares
12,280

 
11,729

 
12,192

 
11,746

Effect of redeemable operating partnership units
1,037

 
1,226

 
1,047

 
1,306

Denominator for diluted earnings per share
13,317

 
12,955

 
13,239

 
13,052

 
 
 
 
 
 
 
 
NET EARNINGS (LOSS) PER COMMON SHARE – BASIC
$
(0.44
)
 
$
0.11

 
$
(1.13
)
 
$
(0.43
)
 
 
 
 
 
 
 
 
NET EARNINGS (LOSS) PER COMMON SHARE – DILUTED
$
(0.44
)
 
$
0.11

 
$
(1.13
)
 
$
(0.43
)