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Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2018

Earnings Per Share [Abstract]

Reconciliation of Amounts Used in Calculating Basic and Diluted Net Income (Loss) Per Share

The following is a reconciliation of the amounts used in calculating basic and diluted net income per share (in thousands, except share and per share data):


			For the year ended
			December 31,
			2018						2017						2016
Numerator:
Net income			$	30,641					$	29,478					$	31,483
Dividends paid on unvested shares and LTIP units			(310)						(235)						(189)

Net income attributable to common shareholders			$	30,331					$	29,243					$	31,294
Denominator:
Weighted average number of common shares - basic			46,073,515						39,859,143						38,299,067
Effect of dilutive securities:
Unvested shares			170,145						253,123						183,808
Weighted average number of common shares - diluted			46,243,660						40,112,266						38,482,875
Basic income per Common Share:
Net income attributable to common shareholders per weighted average common share			$	0.66					$	0.73					$	0.82
Diluted income per Common Share:
Net income attributable to common shareholders per weighted average common share			$	0.66					$	0.73					$	0.81