XML 44 R33.htm IDEA: XBRL DOCUMENT
v3.21.2

Earnings Per Share (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2021
Earnings Per Share [Abstract] |
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 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 |  |  | Nine Months |
| Ended September 30, |  |  | Ended September 30, |
| 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Numerators – Basic and Diluted |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income | $ | 28,157 |  |  | $ | 7,403 |  |  | $ | 66,325 |  |  | $ | 37,628 |
Income attributable to non-controlling interests |  | (93 | ) |  |  | (116 | ) |  |  | (384 | ) |  |  | (621 | )
Write-off of preferred share original issuance costs |  | — |  |  |  | — |  |  |  | (5,156 | ) |  |  | — |
Preferred dividends |  | (2,789 | ) |  |  | (5,133 | ) |  |  | (10,867 | ) |  |  | (15,399 | )
Earnings attributable to unvested shares and OP units |  | (150 | ) |  |  | — |  |  |  | (450 | ) |  |  | (149 | )
Net income attributable to common shareholders after allocation to participating securities | $ | 25,125 |  |  | $ | 2,154 |  |  | $ | 49,468 |  |  | $ | 21,459 |
Denominators – Number of Shares |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic—Average shares outstanding |  | 211,048 |  |  |  | 193,203 |  |  |  | 206,918 |  |  |  | 193,366 |
Assumed conversion of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
PRSUs |  | 1,114 |  |  |  | 162 |  |  |  | 1,146 |  |  |  | — |
Forward equity |  | 29 |  |  |  | — |  |  |  | 10 |  |  |  | — |
Diluted—Average shares outstanding |  | 212,191 |  |  |  | 193,365 |  |  |  | 208,074 |  |  |  | 193,366 |
Earnings Per Share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 0.12 |  |  | $ | 0.01 |  |  | $ | 0.24 |  |  | $ | 0.11 |
Diluted | $ | 0.12 |  |  | $ | 0.01 |  |  | $ | 0.24 |  |  | $ | 0.11 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration