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Income (Loss) Per Share (Tables)
 12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Summary of amounts used in calculating basic and diluted earnings (loss) per share
The following table reconciles the amounts used in calculating basic and diluted income (loss) per share (in thousands, except per share amounts):
 
Year Ended December 31,
 
2017
 
2016
 
2015
Net income (loss) attributable to common stockholders—Basic and diluted:
 
 
 
 
 
Net income (loss) attributable to the Company
$
23,022

 
$
19,316

 
$
(6,712
)
Less: Dividends on preferred stocks
(6,795
)
 
(3,860
)
 
(1,986
)
Less: Dividends on common stock
(20,179
)
 
(12,170
)
 
(9,282
)
Less: Dividends on unvested performance stock units
(138
)
 
(122
)
 
(105
)
Less: Dividends on unvested restricted shares
(267
)
 
(77
)
 
(41
)
Less: Net (income) loss allocated to unvested performance stock units
—

 
(27
)
 
—

Less: Net (income) loss allocated to unvested restricted shares
—

 
(38
)
 
—

Undistributed net income (loss) allocated to common stockholders
(4,357
)
 
3,022

 
(18,126
)
Add back: Dividends on common stock
20,179

 
12,170

 
9,282

Distributed and undistributed net income (loss)—basic
$
15,822

 
$
15,192

 
$
(8,844
)
Net income (loss) attributable to redeemable noncontrolling interests in operating partnership
2,038

 
1,899

 
—

Distributed and undistributed net income (loss)—diluted
$
17,860

 
$
17,091

 
$
(8,844
)
 
 
 
 
 
 
Weighted average common shares outstanding:
 
 
 
 
 
Weighted average common shares outstanding—basic
30,473

 
26,648

 
25,888

Effect of assumed conversion of operating partnership units
4,233

 
4,470

 
—

Incentive fee shares
—

 
77

 
—

Weighted average common shares outstanding—diluted
34,706

 
31,195

 
25,888

 
 
 
 
 
 
Income (loss) per share—basic:
 
 
 
 
 
Net income (loss) allocated to common stockholders per share
$
0.52

 
$
0.57

 
$
(0.34
)
Income (loss) per share—diluted:
 
 
 
 
 
Net income (loss) allocated to common stockholders per share
$
0.51

 
$
0.55

 
$
(0.34
)
Summary of computation of diluted income per share
Due to their anti-dilutive effect, the computation of diluted income (loss) per share does not reflect the adjustments for the following items (in thousands):
 
Year Ended December 31,
 
2017
 
2016
 
2015
Net income (loss) allocated to common stockholders is not adjusted for:
 
 
 
 
 
Income (loss) allocated to unvested restricted shares
$
267

 
$
115

 
$
41

Income (loss) allocated to unvested performance stock units
138

 
149

 
105

Income (loss) attributable to redeemable noncontrolling interests in operating partnership
—

 
—

 
(393
)
Dividends on preferred stock
6,795

 
3,860

 
1,986

Total
$
7,200

 
$
4,124

 
$
1,739

Weighted average diluted shares are not adjusted for:
 
 
 
 
 
Effect of unvested restricted shares
77

 
87

 
51

Effect of unvested performance stock units
—

 
55

 
52

Effect of assumed conversion of operating partnership units
—

 
—

 
6,642

Effect of assumed conversion of preferred stock
6,064

 
3,662

 
1,909

Total
6,141

 
3,804

 
8,654