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Income (Loss) Per Share
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Income (Loss) Per Share Income (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):
Three Months Ended March 31,
20222021
Net income (loss) attributable to common stockholders - basic and diluted:
Net income (loss) attributable to the Company$14,663 $(8,708)
Less: Dividends on preferred stock(3,303)(2,388)
Less: Dividends on common stock(707)— 
Less: Loss on extinguishment of preferred stock - Series B— (73)
Less: Dividends on unvested performance stock units(7)— 
Less: Dividends on unvested restricted shares(6)— 
Less: Net (income) loss allocated to performance stock units(112)— 
Less: Net (income) loss allocated to unvested restricted shares(89)— 
Undistributed net income (loss) allocated to common stockholders$10,439 $(11,169)
Add back: Dividends on common stock707 — 
Distributed and undistributed net income (loss) - basic$11,146 $(11,169)
Interest expense on Convertible Senior Notes1,103 — 
Dividends on preferred stock - Series E1,399 — 
Dividends on preferred stock - Series M$21 $— 
Distributed and undistributed net income (loss) - diluted$13,669 $(11,169)
Weighted average common shares outstanding:
Weighted average common shares outstanding – basic65,878 39,605 
Effect of assumed exercise of warrants— 
Effect of assumed conversion of Convertible Senior Notes13,609 — 
Effect of assumed conversion of preferred stock - Series E10,258 — 
Effect of assumed conversion of preferred stock - Series M147 — 
Weighted average common shares outstanding – diluted89,895 39,605 
Income (loss) per share - basic:
Net income (loss) allocated to common stockholders per share$0.17 $(0.28)
Income (loss) per share - diluted:
Net income (loss) allocated to common stockholders per share$0.15 $(0.28)
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):
Three Months Ended March 31,
20222021
Net income (loss) allocated to common stockholders is not adjusted for:
Income (loss) allocated to unvested restricted shares$95 $— 
Income (loss) allocated to unvested performance stock units120 — 
Income (loss) attributable to redeemable noncontrolling interests in operating partnership967 (1,079)
Dividends on preferred stock - Series B1,058 1,563 
Loss on extinguishment of preferred stock - Series B— 73 
Total$2,240 $557 
Weighted average diluted shares are not adjusted for:
Effect of unvested restricted shares17 83 
Effect of unvested performance stock units— 
Effect of assumed conversion of operating partnership units5,856 4,006 
Effect of assumed conversion of preferred stock - Series B4,116 6,078 
Effect of assumed conversion of exchanged preferred stock - Series B— 551 
Total9,990 10,718