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Earnings Per Share (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2019 and 2018:

		Three months ended September 30,								Nine months ended September 30,
		2019				2018				2019				2018
Numerator
Net income (loss)		$	2,947,000			$	6,305,000			$	11,480,000			$	(378,000	)
Preferred stock dividends			(2,688,000	)			(2,688,000	)			(8,064,000	)			(8,175,000	)
Preferred stock redemptions costs			-				-				-				(3,507,000	)
Net (income) attributable to noncontrolling interests			(167,000	)			(145,000	)			(435,000	)			(353,000	)
Net earnings allocated to unvested shares			(138,000	)			(108,000	)			(420,000	)			(520,000	)
Net (loss) income attributable to vested common shares		$	(46,000	)		$	3,364,000			$	2,561,000			$	(12,933,000	)
Denominator
Weighted average number of vested common shares outstanding, basic			86,262,000				89,049,000				86,367,000				88,228,000
Assumed vesting of market performance-based restricted stock units			-				826,000				-				-
Weighted average number of vested common shares outstanding, diluted			86,262,000				89,875,000				86,367,000				88,228,000

Net (loss) income per common share attributable to common shareholders, basic		$	(0.00	)		$	0.04			$	0.03			$	(0.15	)

Net (loss) income per common share attributable to common shareholders, diluted		$	(0.00	)		$	0.04			$	0.03			$	(0.15	)