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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share (in thousands, except share and per share amounts): 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
Numerator:
 
 
 
 
 
 
 
Net income
$
2,009

 
$
3,061

 
$
27,585

 
$
17,330

Less: Preferred stock dividends
(1,322
)
 
(661
)
 
(3,966
)
 
(661
)
Less: Net income attributable to noncontrolling interests
(21
)
 
(63
)
 
(684
)
 
(533
)
Less: Net income attributable to participating securities
(80
)
 
(70
)
 
(327
)
 
(223
)
Net income attributable to common stockholders
$
586

 
$
2,267

 
$
22,608

 
$
15,913

Add back: Net income attributable to noncontrolling interests
—

 
63

 
—

 
—

Numerator for diluted net income attributable to common stockholders
$
586

 
$
2,330

 
$
22,608

 
$
15,913

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted average shares of common stock outstanding – basic
72,621,219

 
65,707,476

 
68,984,047

 
61,694,835

Effect of dilutive securities - performance units
446,862

 
286,697

 
380,808

 
225,141

Effect of dilutive securities - operating partnership units
—

 
1,991,004

 
—

 
—

Weighted average shares of common stock outstanding – diluted
73,068,081

 
67,985,177

 
69,364,855

 
61,919,976

 
 
 
 
 
 
 
 
Earnings per share — Basic
 
 
 

 
 
 
 

Net income attributable to common stockholders
$
0.01

 
$
0.03

 
$
0.33

 
$
0.26

Earnings per share — Diluted
 
 
 
 
 
 
 
Net income attributable to common stockholders
$
0.01

 
$
0.03

 
$
0.33

 
$
0.26