Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2017

Summary of Significant Accounting Policies

Schedule of computation of basic and diluted earnings per common share

The following table sets forth the computation of basic and diluted earnings per common share (in thousands, except per share data):

	Three Months Ended		Three Months Ended
	March 31, 2017		March 31, 2016
	(unaudited)		(unaudited)
Numerator:
Net income	$	63,827	$	1,216
Income from consolidated joint venture attributable to noncontrolling interest		(1,992)		(1,650)
Preferred stock dividends		(3,207)		(2,766)
Distributions paid on unvested restricted stock compensation		(60)		(60)
Undistributed income allocated to unvested restricted stock compensation		(248)		—
Numerator for basic and diluted income (loss) attributable to common stockholders	$	58,320	$	(3,260)
Denominator:
Weighted average basic and diluted common shares outstanding		219,093		212,887
Basic and diluted income (loss) attributable to common stockholders per common share	$	0.27	$	(0.02)