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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2020
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 months ended March 31, 2020 and 2019:

 

 

 

Three months ended March 31,

 

 

 

2020

 

 

2019

 

Numerator

 

 

 

 

 

 

 

 

Net (loss) income

 

$

(2,098,000

)

 

$

2,989,000

 

Preferred stock dividends

 

 

(2,688,000

)

 

 

(2,688,000

)

Net (income) attributable to noncontrolling interests

 

 

(148,000

)

 

 

(107,000

)

Net earnings allocated to unvested shares

 

 

(154,000

)

 

 

(144,000

)

Net (loss) income attributable to vested common shares

 

$

(5,088,000

)

 

$

50,000

 

Denominator

 

 

 

 

 

 

 

 

Weighted average number of vested common shares outstanding, basic and diluted

 

 

86,370,000

 

 

 

86,580,000

 

 

 

 

 

 

 

 

 

 

Net (loss) income per common share attributable to common shareholders, basic and diluted

 

$

(0.06

)

 

$

0.00