Earnings Per Share (Tables)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Numerator:
Net income	$	31,197	$	12,948	$	62,740	$	39,619
Less: Preferred stock dividends	(3,636)		(2,572)		(10,909)		(7,419)
Less: Net income attributable to noncontrolling interests	(1,531)		(518)		(3,332)		(1,288)
Less: Net income attributable to participating securities	(129)		(112)		(389)		(339)
Net income attributable to common stockholders	$	25,901	$	9,746	$	48,110	$	30,573
Denominator:
Weighted average shares of common stock outstanding – basic	123,548,978		109,645,216		119,153,997		104,653,218
Effect of dilutive securities - performance units	294,999		428,858		270,930		360,906
Weighted average shares of common stock outstanding – diluted	123,843,977		110,074,074		119,424,927		105,014,124
Earnings per share — Basic
Net income attributable to common stockholders	$	0.21	$	0.09	$	0.40	$	0.29
Earnings per share — Diluted
Net income attributable to common stockholders	$	0.21	$	0.09	$	0.40	$	0.29