Earnings Per Share

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

Earnings Per Share (“EPS”) is computed by dividing net income available to common shares, adjusted for preferred dividends, by the weighted-average number of common shares outstanding during the period. Shares issued during the period are weighted for the portion of the period that they were outstanding.

The following table details our basic and diluted earnings per common share calculation:

	Three Months Ended March 31,
	2022		2021
Net income	$	14,567	$	23,215
Net income attributable to noncontrolling interests	(3,253)		(5,147)
Net income attributable to common shares	$	11,314	$	18,068
Weighted-average common shares outstanding — basic and diluted	16,152,043		16,152,043
EPS - attributable to common shares — basic and diluted	$	0.70	$	1.12