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Earnings Per Share (Tables) | 9 Months Ended
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Sep. 30, 2022
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, |
| 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Numerators – Basic and Diluted |  |  |  |  |  |  |  |  |  |  |
Net income | $ | 66,213 |  |  | $ | 28,157 |  |  | $ | 140,577 |  |  | $ | 66,325 |
Income attributable to non-controlling interests |  | (18 | ) |  |  | (93 | ) |  |  | (55 | ) |  |  | (384 | )
Write-off of preferred share original issuance costs |  | — |  |  |  | — |  |  |  | — |  |  |  | (5,156 | )
Preferred dividends |  | (2,789 | ) |  |  | (2,789 | ) |  |  | (8,367 | ) |  |  | (10,867 | )
Earnings attributable to unvested shares and OP units |  | (117 | ) |  |  | (150 | ) |  |  | (368 | ) |  |  | (450 | )
Net income attributable to common shareholders after allocation to participating securities | $ | 63,289 |  |  | $ | 25,125 |  |  | $ | 131,787 |  |  | $ | 49,468 |
Denominators – Number of Shares |  |  |  |  |  |  |  |  |  |  |
Basic—Average shares outstanding |  | 213,846 |  |  |  | 211,048 |  |  |  | 213,278 |  |  |  | 206,918 |
Assumed conversion of dilutive securities: |  |  |  |  |  |  |  |  |  |  |
PRSUs |  | 341 |  |  |  | 1,114 |  |  |  | 441 |  |  |  | 1,146 |
Forward equity |  | — |  |  |  | 29 |  |  |  | — |  |  |  | 10 |
OP units |  | 141 |  |  |  | — |  |  |  | 141 |  |  |  | — |
Diluted—Average shares outstanding |  | 214,328 |  |  |  | 212,191 |  |  |  | 213,860 |  |  |  | 208,074 |
Earnings Per Share: |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 0.30 |  |  | $ | 0.12 |  |  | $ | 0.62 |  |  | $ | 0.24 |
Diluted | $ | 0.30 |  |  | $ | 0.12 |  |  | $ | 0.62 |  |  | $ | 0.24 |

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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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