EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Summary of Components used to Calculate Basic and Diluted Earnings Per Share

Below is a summary of the components used to calculate basic earnings per share (in thousands, except per share amounts):

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2023		2022		2023		2022
Numerator:
Net (loss) income attributable to common stockholders	$	(753)	$	7,944	$	(5,981)	$	(4,435)
Less:
Dividends paid on additional performance shares earned	—		83		—		83
Income attributable to non-controlling interest in Operating Partnership	—		(1,715)		—		—
Loss attributable to participating securities	—		1,310		—		—
Net (loss) income attributable to common stockholders for diluted earnings per share	$	(753)	$	8,266	$	(5,981)	$	(4,518)
Denominator:
Weighted average common shares outstanding - basic	105,562		105,199		105,438		105,049
Add:
Dilutive effect of equity-based compensation awards	—		164		—		—
Dilutive effect of Common Units of Operating Partnership	—		15,989		—		—
Weighted average common shares outstanding, diluted	105,562		121,352		105,438		105,049
Net (loss) income per share - basic	$	(0.01)	$	0.08	$	(0.06)	$	(0.04)
Net (loss) income per share - diluted	$	(0.01)	$	0.07	$	(0.06)	$	(0.04)