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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2020
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 June 30,
 
Six Months Ended June 30,
 
2020
 
2019
 
2020
 
2019
Numerator:
 
 
 
 
 
 
 
Net income
$
16,271

 
$
15,954

 
$
31,543

 
$
26,671

Less: Preferred stock dividends
(3,637
)
 
(2,424
)
 
(7,273
)
 
(4,847
)
Less: Net income attributable to noncontrolling interests
(1,084
)
 
(569
)
 
(1,801
)
 
(770
)
Less: Net income attributable to participating securities
(129
)
 
(113
)
 
(260
)
 
(227
)
Net income attributable to common stockholders
$
11,421

 
$
12,848

 
$
22,209

 
$
20,827

 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted average shares of common stock outstanding – basic
119,810,283

 
105,847,557

 
116,932,359

 
102,115,849

Effect of dilutive securities - performance units
257,893

 
388,752

 
258,895

 
326,931

Weighted average shares of common stock outstanding – diluted
120,068,176

 
106,236,309

 
117,191,254

 
102,442,780

 
 
 
 
 
 
 
 
Earnings per share — Basic
 
 
 

 
 
 
 

Net income attributable to common stockholders
$
0.10

 
$
0.12

 
$
0.19

 
$
0.20

Earnings per share — Diluted
 
 
 
 
 
 
 
Net income attributable to common stockholders
$
0.10

 
$
0.12

 
$
0.19

 
$
0.20