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Equity (Tables)
 3 Months Ended
Mar. 31, 2019
Equity [Abstract]  
Net income attributable to common stockholders and the issuance of our Class A shares in exchange for the conversion of OP Units into common stock
The following is net income attributable to common stockholders and the issuance of our Class A shares in exchange for the conversion of OP Units into common stock (amounts in thousands):
 
Three Months Ended
 
March 31, 2019
 
March 31, 2018
Net income attributable to common stockholders
$
5,677

 
$
9,768

Increase in additional paid-in capital for the conversion of OP Units into common stock
3,271

 
10,162

Change from net income attributable to common stockholders and transfers from non-controlling interests
$
8,948

 
$
19,930
Summary of restricted stock and LTIP unit activity
The following is a summary of restricted stock and LTIP unit activity for the three months ended March 31, 2019:
 
Restricted Stock
 
LTIP Units
 
Weighted Average Grant Fair Value
Unvested balance at December 31, 2018
91,158

 
5,702,821

 
$
9.68

Vested
(34,905
)
 
(547,319
)
 
15.86

Granted
69,358

 
2,777,980

 
9.42

Forfeited or unearned
(236
)
 
(1,338,267
)
 
7.08

Unvested balance at March 31, 2019
125,375

 
6,595,215

 
$
9.56
Earnings per share
Earnings per share for the three months ended March 31, 2019 and 2018 is computed as follows (amounts in thousands, except per share amounts):
 
Three Months Ended,
 
March 31, 2019
 
March 31, 2018
Numerator - Basic:
 
 
 
Net income
$
9,856

 
$
18,058

Private perpetual preferred unit distributions
(234
)
 
(234
)
Net income attributable to non-controlling interests
(3,945
)
 
(8,056
)
Earnings allocated to unvested shares
(7
)
 
(6
)
Net income attributable to common stockholders - basic
$
5,670

 
$
9,762

 
 
 
 
Numerator - Diluted:
 
 
 
Net income
$
9,856

 
$
18,058

Private perpetual preferred unit distributions
(234
)
 
(234
)
Earnings allocated to unvested shares
(7
)
 
(6
)
Net income attributable to common stockholders - diluted
$
9,615

 
$
17,818

 
 
 
 
Denominator:
 
 
 
Weighted average shares outstanding - basic
175,850

 
162,667

Operating partnership units
122,199

 
134,157

Effect of dilutive securities:
 
 
 
   Stock-based compensation plans
—

 
3

Weighted average shares outstanding - diluted
298,049

 
296,827

 
 
 
 
Earnings per share:
 
 
 
Basic
$
0.03

 
$
0.06

Diluted
$
0.03

 
$
0.06