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Income (Loss) Per Share (Tables)
 12 Months Ended
Dec. 31, 2019
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,
 
2019
 
2018
 
2017
Net income (loss) attributable to common stockholders—Basic and diluted:
 
 
 
 
 
Net income (loss) attributable to the Company
$
371

 
$
1,320

 
$
23,022

Less: Dividends on preferred stock
(10,142
)
 
(7,205
)
 
(6,795
)
Less: Dividends on common stock
(24,145
)
 
(20,495
)
 
(20,179
)
Less: Dividends on unvested performance stock units
(261
)
 
114

 
(138
)
Less: Dividends on unvested restricted shares
(405
)
 
(314
)
 
(267
)
Undistributed net income (loss) allocated to common stockholders
(34,582
)
 
(26,580
)
 
(4,357
)
Add back: Dividends on common stock
24,145

 
20,495

 
20,179

Distributed and undistributed net income (loss)—basic
$
(10,437
)
 
$
(6,085
)
 
$
15,822

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

 
—

 
2,038

Distributed and undistributed net income (loss)—diluted
$
(10,437
)
 
$
(6,085
)
 
$
17,860

 
 
 
 
 
 
Weighted average common shares outstanding:
 
 
 
 
 
Weighted average common shares outstanding—basic
32,289

 
31,944

 
30,473

Effect of assumed conversion of operating partnership units
—

 
—

 
4,233

Weighted average common shares outstanding—diluted
32,289

 
31,944

 
34,706

 
 
 
 
 
 
Income (loss) per share—basic:
 
 
 
 
 
Net income (loss) allocated to common stockholders per share
$
(0.32
)
 
$
(0.19
)
 
$
0.52

Income (loss) per share—diluted:
 
 
 
 
 
Net income (loss) allocated to common stockholders per share
$
(0.32
)
 
$
(0.19
)
 
$
0.51
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,
 
2019
 
2018
 
2017
Net income (loss) allocated to common stockholders is not adjusted for:
 
 
 
 
 
Income (loss) allocated to unvested restricted shares
$
405

 
$
314

 
$
267

Income (loss) allocated to unvested performance stock units
261

 
(114
)
 
138

Income (loss) attributable to redeemable noncontrolling interests in operating partnership
(1,207
)
 
(751
)
 
—

Dividends on preferred stock - Series B
6,842

 
6,829

 
6,795

Total
$
6,301

 
$
6,278

 
$
7,200

Weighted average diluted shares are not adjusted for:
 
 
 
 
 
Effect of unvested restricted shares
51

 
55

 
77

Effect of unvested performance stock units
193

 
48

 
—

Effect of assumed conversion of operating partnership units
4,219

 
4,159

 
—

Effect of assumed conversion of preferred stock - Series B
6,581

 
6,569

 
6,064

Total
11,044

 
10,831

 
6,141