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Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Schedule of Calculation of Numerator and Denominator in Earnings Per Share

The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the three and six months ended June 30, 2019 and 2018:

		Three months ended June 30,								Six months ended June 30,
		2019				2018				2019				2018
Numerator
Net income (loss)		$	5,544,000			$	9,937,000			$	8,533,000			$	(6,683,000	)
Preferred stock dividends			(2,688,000	)			(2,688,000	)			(5,376,000	)			(5,487,000	)
Preferred stock redemptions costs			-				-				-				(3,507,000	)
Net (income) attributable to noncontrolling interests			(161,000	)			(160,000	)			(268,000	)			(208,000	)
Net earnings allocated to unvested shares			(138,000	)			(294,000	)			(282,000	)			(412,000	)
Net income (loss) attributable to vested common shares		$	2,557,000			$	6,795,000			$	2,607,000			$	(16,297,000	)
Denominator
Weighted average number of vested common shares outstanding, basic			86,260,000				88,011,000				86,420,000				87,817,000
Assumed vesting of market performance-based restricted stock units			-				155,000				-				-
Weighted average number of vested common shares outstanding, diluted			86,260,000				88,166,000				86,420,000				87,817,000

Net income (loss) per common share attributable to common shareholders, basic		$	0.03			$	0.08			$	0.03			$	(0.19	)

Net income (loss) per common share attributable to common shareholders, diluted		$	0.03			$	0.08			$	0.03			$	(0.19	)