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Equity (Tables)
 6 Months Ended
Jun. 30, 2021
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 EndedSix Months Ended
 June 30, 2021June 30, 2020June 30, 2021June 30, 2020
Net income (loss) attributable to common stockholders$2,075 $(12,793)$(546)$(8,298)
Increase in additional paid-in capital for the conversion of OP Units into common stock4,152 14,073 6,841 21,734 
Change from net income (loss) attributable to common stockholders and transfers from non-controlling interests$6,227 $1,280 $6,295 $13,436 
Summary of restricted stock and LTIP unit activity The following is a summary of restricted stock and LTIP unit activity for the six months ended June 30, 2021:
Restricted StockLTIP UnitsWeighted Average Grant Fair Value
Unvested balance at December 31, 2020217,700 7,750,284 $6.94 
Vested(70,649)(991,380)11.54 
Granted120,313 2,194,877 8.55 
Forfeited or unearned(14,540)(1,445,621)5.56 
Unvested balance at June 30, 2021252,824 7,508,160 $7.04 
Earnings per share Earnings per share for the three and six months ended June 30, 2021 and 2020 is computed as follows (amounts in thousands, except per share amounts):
Three Months EndedSix Months Ended
June 30, 2021June 30, 2020June 30, 2021June 30, 2020
Numerator - Basic:
Net income (loss)$4,411 $(19,618)$1,220 $(11,330)
Private perpetual preferred unit distributions(1,051)(1,047)(2,101)(2,097)
Net income (loss) attributable to non-controlling interests(1,285)7,872 335 5,129 
Earnings allocated to unvested shares(9)(25)(9)(36)
Net income (loss) attributable to common stockholders – basic$2,066 $(12,818)$(555)$(8,334)
Numerator - Diluted:
Net income (loss)$4,411 $(19,618)$1,220 $(11,330)
Private perpetual preferred unit distributions(1,051)(1,047)(2,101)(2,097)
Earnings allocated to unvested shares(9)(25)(9)(36)
Net income (loss) attributable to common stockholders – diluted$3,351 $(20,690)$(890)$(13,463)
Denominator:
Weighted average shares outstanding – basic171,615 175,433 172,183 178,029 
Operating partnership units106,278 107,951 105,704 109,986 
Effect of dilutive securities:
   Stock-based compensation plans543 — — — 
Weighted average shares outstanding – diluted278,436 283,384 277,887 288,015 
Earnings (loss) per share:
Basic$0.01 $(0.07)$0.00 $(0.05)
Diluted$0.01 $(0.07)$0.00 $(0.05)