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Earnings Per Share (Tables) | 3 Months Ended
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Mar. 31, 2023
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 |
| Ended March 31, |
| 2023 |  |  | 2022 |
Numerators – Basic and Diluted |  |  |  |  |
Net income | $ | 15,302 |  |  | $ | 13,955 |
Income attributable to non-controlling interests |  | (18 | ) |  |  | (18 | )
Preferred dividends |  | (2,789 | ) |  |  | (2,789 | )
Earnings attributable to unvested shares and OP units |  | (107 | ) |  |  | (126 | )
Net income attributable to common shareholders after allocation to participating securities | $ | 12,388 |  |  | $ | 11,022 |
Denominators – Number of Shares |  |  |  |  |
Basic—Average shares outstanding |  | 209,971 |  |  |  | 212,103 |
Assumed conversion of dilutive securities: |  |  |  |  |
PRSUs |  | 436 |  |  |  | 1,100 |
Diluted—Average shares outstanding |  | 210,407 |  |  |  | 213,203 |
Earnings Per Share: |  |  |  |  |
Basic | $ | 0.06 |  |  | $ | 0.05 |
Diluted | $ | 0.06 |  |  | $ | 0.05 |

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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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