Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 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				Six Months Ended
	June 30, 2017		June 30, 2016		June 30, 2017		June 30, 2016
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Numerator:
Net income	$	51,415	$	65,736	$	115,242	$	66,952
Income from consolidated joint venture attributable to noncontrolling interest		(2,183)		(1,655)		(4,175)		(3,305)
Preferred stock dividends and redemption charge		(3,207)		(6,783)		(6,414)		(9,549)
Distributions paid on unvested restricted stock compensation		(60)		(58)		(120)		(118)
Undistributed income allocated to unvested restricted stock compensation		(188)		(252)		(437)		(170)
Numerator for basic and diluted income attributable to common stockholders	$	45,777	$	56,988	$	104,096	$	53,810
Denominator:
Weighted average basic and diluted common shares outstanding		220,130		215,385		219,614		214,136
Basic and diluted income attributable to common stockholders per common share	$	0.21	$	0.26	$	0.47	$	0.25