Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2021

Reconciliation of Net Income and Number of Common Shares Used in Computations of "Basic" EPS and "Diluted" EPS

The following table provides a reconciliation of net income (loss) and the number of common shares used in the computations of “basic” earnings per share (“EPS”), which utilizes the weighted-average number of common shares outstanding without regard to dilutive potential common shares, and “diluted” EPS, which includes all such shares (in thousands, except per share amounts).

	Three Months						Six Months
	Ended June 30,						Ended June 30,
	2021			2020			2021			2020
Numerators – Basic and Diluted
Net income (loss)	$	21,987		$	(4,403	)	$	38,168		$	30,225
Income attributable to non-controlling interests		(118	)		(210	)		(291	)		(505	)
Write-off of preferred share original issuance costs		(5,156	)		—			(5,156	)		—
Preferred dividends		(2,945	)		(5,133	)		(8,078	)		(10,266	)
Earnings attributable to unvested shares and OP units		(151	)		—			(299	)		(149	)
Net income (loss) attributable to common shareholders after allocation to participating securities	$	13,617		$	(9,746	)	$	24,344		$	19,305
Denominators – Number of Shares
Basic—Average shares outstanding		211,035			193,170			204,819			193,448
Assumed conversion of dilutive securities		846			—			808			—
Diluted—Average shares outstanding		211,881			193,170			205,627			193,448
Earnings (Loss) Per Share:
Basic	$	0.06		$	(0.05	)	$	0.12		$	0.10
Diluted	$	0.06		$	(0.05	)	$	0.12		$	0.10