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Earnings Per Share
 9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
The two-class method is used to determine earnings per share because unvested restricted shares and unvested LTIP units are considered to be participating shares. The LTIP units held by the non-controlling interest holders, which may be converted to common shares, have been excluded from the denominator of the diluted earnings per common share calculation as there would be no effect on the amounts since limited partners' share of income or loss would also be added back to net income or loss. Unvested restricted shares, unvested long-term incentive plan units and unvested Class A Performance LTIP units that could potentially dilute basic earnings per common share in the future would not be included in the computation of diluted loss per common share, for the periods where a loss has been recorded, because they would have been anti-dilutive for the periods presented.

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

For the three months endedFor the nine months ended
September 30,September 30,
2023202220232022
Numerator:
Net income attributable to common shareholders$5,342 $10,141 $5,662 $5,872 
Dividends on unvested shares and units(27)— (83)— 
Net income attributable to common shareholders excluding amounts attributable to unvested shares and units$5,315 $10,141 $5,579 $5,872 
Denominator:
Weighted average number of common shares - basic48,850,339 48,798,528 48,845,374 48,793,839 
Unvested shares and units153,745 274,367 130,711 229,996 
Weighted average number of common shares - diluted49,004,084 49,072,895 48,976,085 49,023,835 
Basic income per common share:
Net income attributable to common shareholders per weighted average basic common share$0.11 $0.21 $0.11 $0.12 
Diluted income per common share:
Net income attributable to common shareholders per weighted average diluted common share$0.11 $0.21 $0.11 $0.12