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EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Summary of the components used to calculate basic and diluted earnings per share
Below is a summary of the components used to calculate basic and diluted earnings per share (in thousands, except per share):
 
 
For the
Three Months Ended
March 31,
 
 
2020
 
2019
Numerator:
 
 

 
 

Net (loss) income
 
$
(16,214
)
 
$
12,900

Less: Preferred dividends
 
(3,709
)
 
(3,709
)
Allocation to participating securities
 
(81
)
 
(67
)
Attributable to non-controlling interest in Operating Partnership
 
37

 
(23
)
Attributable to non-controlling interests in joint venture
 
855

 
—

Net (loss) income attributable to common stockholders, net of amount allocated to participating securities
 
$
(19,112
)
 
$
9,101

Denominator:
 
 

 
 

Weighted average common shares outstanding - basic
 
103,995

 
103,749

Dilutive effect of equity-based compensation awards
 
—

 
88

Weighted average common shares outstanding - diluted
 
103,995

 
103,837

(Loss) earnings per share:
 
 
 
 
Basic and diluted
 
$
(0.18
)
 
$
0.09