Numerator:

Net income attributable to controlling interests

$

24,280

$

25,089

$

50,450

$

51,301

Preferred stock and preferred unit dividends and discount accretion

(6,308

)

(6,289

)

(12,600

)

(12,516

)

Net income attributable to common shareholders—basic

17,972

18,800

37,850

38,785

Effect of dilutive preferred stock dividends and discount accretion

596

598

1,193

1,190

Net income attributable to common shareholders—diluted

$

18,568

$

19,398

$

39,043

$

39,975

Denominator:

Basic (including unvested share-based payment awards) (1)

14,771

14,439

14,722

14,457

Effect of dilutive stock compensation arrangements and exchange of preferred stock

4,037

4,520

4,044

4,513

Diluted (including unvested share-based payment awards) (1)

18,808

18,959

18,766

18,970

Net income attributable to common shareholders per share—basic

$

1.22

$

1.30

$

2.57

$

2.68

Net income attributable to common shareholders per share—diluted

$

0.99

$

1.02

$

2.08

$

2.11