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EARNINGS PER SHARE (Tables) | 3 Months Ended
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Mar. 31, 2023
Earnings Per Share [Abstract] |
Reconciliation of Numerator and Denominator Used To Calculate Basic and Diluted EPS | 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 months ended March 31, 2023 and 2022.
| (in thousands, except per share data)
| Three Months Ended March 31, |  |
| 2023 |  | 2022 |  |  |  |
NUMERATOR |  |  |  |  |  |  |
Net income (loss) attributable to controlling interests | $ | 43,571 |  |  | $ | (8,589) |  |  |  |  |
Dividends to preferred shareholders | (1,607) |  |  | (1,607) |  |  |  |  |
Numerator for basic earnings (loss) per share – net income available to common shareholders | 41,964 |  |  | (10,196) |  |  |  |  |
Noncontrolling interests – Operating Partnership and Series E preferred units | 8,566 |  |  | (2,157) |  |  |  |  |
Dividends to preferred unitholders | 160 |  |  | 160 |  |  |  |  |
Numerator for diluted earnings (loss) per share | $ | 50,690 |  |  | $ | (12,193) |  |  |  |  |
DENOMINATOR |  |  |  |  |  |  |
Denominator for basic earnings per share weighted average shares | 15,025 |  |  | 15,097 |  |  |  |  |
Effect of redeemable operating partnership units | 968 |  |  | — |  |  |  |  |
Effect of Series D preferred units | 228 |  |  | — |  |  |  |  |
Effect of Series E preferred units | 2,118 |  |  | — |  |  |  |  |
Effect of dilutive restricted stock units and stock options | 20 |  |  | — |  |  |  |  |
Denominator for diluted earnings per share | 18,359 |  |  | 15,097 |  |  |  |  |
NET INCOME (LOSS) PER COMMON SHARE – BASIC | $ | 2.79 |  |  | $ | (0.68) |  |  |  |  |
NET INCOME (LOSS) PER COMMON SHARE – DILUTED | $ | 2.76 |  |  | $ | (0.68) |  |  |  |  |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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