Equity and Earnings per Common Share (Tables)

12 Months Ended

Dec. 31, 2018

The following tables present certain information about the 2013 Plan as of the dates indicated:

Equity Incentive Plan Information

	LTIP-OP Units								Shares of Common Stock						Number of Securities Remaining Available For Future Issuance Under Equity Compensation			Issuance
	Issued				Forfeited		Converted		Issued				Forfeited		Plans			Price
December 31, 2016		(140,350	)			916		-		(28,503	)			3,155		1,335,218
Number of securities issued or to be issued upon exercise		(38,150	)	^(A)		-		12,917		(21,116	)			-		(46,349	)	$	18.39
December 31, 2017		(178,500	)			916		12,917		(49,619	)			3,155		1,288,869
Number of securities issued or to be issued upon exercise		(45,400	)	^(B)		-		-		(8,256	)	^(C)		-		(53,656	)	$	18.17
December 31, 2018		(223,900	)			916		12,917		(57,875	)			3,155		1,235,213

(A)	Subject to forfeiture in certain circumstances prior to June 14, 2020.

(B)	Subject to forfeiture in certain circumstances prior to June 13, 2021.

(C)	Subject to forfeiture in certain circumstances prior to June 13, 2019.

The following table presents basic earnings per share of common stock for the periods indicated (dollars in thousands, except per share data):

Earnings per Share Information

	Year Ended December 31,
	2018			2017			2016
Numerator:
Net income allocable to common stockholders	$	37,773		$	48,014		$	25,243
Net income allocated to noncontrolling interests in Operating Partnership		(488	)		(655	)		(411	)
Dividends on preferred stock		5,297			1,833			-
Net income attributable to common stockholders	$	31,988		$	45,526		$	24,832
Denominator:
Weighted average common shares outstanding		14,649,242			11,443,493			7,512,444
Weighted average diluted shares outstanding		14,657,498			11,450,831			7,523,297
Basic and Diluted:
Basic	$	2.18		$	3.98		$	3.31
Diluted	$	2.18		$	3.98		$	3.30