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Equity (Tables)
 9 Months Ended
Sep. 30, 2022
Equity [Abstract]  
Schedule of equity securities repurchased
The following table summarizes our purchases of equity securities in each of the three months ended September 30, 2022:
PeriodTotal Number of Shares PurchasedWeighted Average Price Paid per ShareMaximum Approximate Dollar Value Available for Future Purchase (in thousands)
July 2022184,045 $6.92 $434,286 
August 2022621,314 $7.32 $429,736 
September 20221,761,561 $6.97 $417,455 
Summary of restricted stock and LTIP unit activity The following is a summary of restricted stock and LTIP unit activity for the nine months ended September 30, 2022:
Restricted StockTime-based LTIPsMarket-based LTIPsPerformance-based LTIPsWeighted Average Grant Fair Value
Unvested balance at December 31, 2021214,408 2,499,592 5,039,134 — $7.02 
Vested(68,867)(1,052,119)— 9.95 
Granted232,448 1,514,434 780,155 578,943 7.21 
Forfeited or unearned(17,830)— (1,311,839)— 7.21 
Unvested balance at September 30, 2022360,159 2,961,907 4,507,450 578,943 6.67 
Earnings per share Earnings per share for the three and nine months ended September 30, 2022 and 2021 is computed as follows (amounts in thousands, except per share amounts):
Three Months EndedNine Months Ended
September 30, 2022September 30, 2021September 30, 2022September 30, 2021
Numerator - Basic:
Net income (loss)$10,118 $(10,183)$41,592 $(8,963)
Private perpetual preferred unit distributions(1,050)(1,050)(3,151)(3,151)
Net (income) loss attributable to non-controlling interests(3,511)4,256 (14,594)4,591 
Earnings allocated to unvested shares— (9)— (18)
Net income (loss) attributable to common stockholders – basic$5,557 $(6,986)$23,847 $(7,541)
Numerator - Diluted:
Net income (loss)$10,118 $(10,183)$41,592 $(8,963)
Private perpetual preferred unit distributions(1,050)(1,050)(3,151)(3,151)
Net loss attributable to non-controlling interests in other partnerships49 — 271 — 
Earnings allocated to unvested shares— (9)— (18)
Net income (loss) attributable to common stockholders – diluted$9,117 $(11,242)$38,712 $(12,132)
Denominator:
Weighted average shares outstanding – basic162,165 172,494 166,354 172,487 
OP units103,870 105,222 103,526 105,342 
Effect of dilutive securities:
   Stock-based compensation plans1,086 — 1,086 — 
Weighted average shares outstanding – diluted267,121 277,716 270,966 277,829 
Earnings per share:
Basic$0.03 $(0.04)$0.14 $(0.04)
Diluted$0.03 $(0.04)$0.14 $(0.04)