Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Reconciliation of Amounts Used in Calculating Basic and Diluted Net Income (Loss) Per Share

The following is a reconciliation of the amounts used in calculating basic and diluted net income per share (in thousands, except share and per share data):

	For the year ended
	December 31,
	2019		2018		2017
Numerator:
Net income	$	18,703	$	30,641	$	29,478
Dividends paid on unvested shares and LTIP units	(297)		(310)		(235)
Net income attributable to common shareholders	$	18,406	$	30,331	$	29,243
Denominator:
Weighted average number of common shares - basic	46,788,784		46,073,515		39,859,143
Effect of dilutive securities:
Unvested shares	234,496		170,145		253,123
Weighted average number of common shares - diluted	47,023,280		46,243,660		40,112,266
Basic income per Common Share:
Net income attributable to common shareholders per weighted average common share	$	0.39	$	0.66	$	0.73
Diluted income per Common Share:
Net income attributable to common shareholders per weighted average common share	$	0.39	$	0.66	$	0.73