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Equity and Earnings per Common Share (Tables)
 12 Months Ended
Dec. 31, 2019
Equity and Earnings per Common Share [Abstract]  
Common Stock Purchase Information
Common Stock Purchase Information

As of December 31, 2019

Fiscal Period
 
Total Number of Shares Purchased
  
Average Price Paid per Share
  
Total Number of Shares Purchased as part of Publicaly Announced Plans or Programs
  
Maximum
Approximate
Dollar Value of
Shares that May
Yet Be Purchased
Under the Plans
or Programs
 
October 1, 2019 to October 31, 2019
  
-
   
-
   
-
  
$
10,000,000
 
November 1, 2019 to November 30, 2019
  
163,800
  
$
14.52
   
163,800
   
7,621,091
 
December 1, 2019 to December 31, 2019
  
72,150
   
14.75
   
72,150
   
6,556,956
 
Totals / Averages
  
235,950
  
$
14.59
   
235,950
  
$
6,556,956
 
Information about Company's 2013 Plan
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
   
   Issued
    Forfeited
   Converted
   Issued
    Forfeited
  
Number of Securities Remaining Available For Future Issuance Under Equity Compensation Plans
   Weighted Average Issuance Price
 
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
)(A)

  
-
   
-
   
(8,256
)(B)

  
-
   
(53,656
)
 
$
18.17
 
December 31, 2018
  
(223,900
)

  
916
   
12,917
   
(57,875
)

  
3,155
   
1,235,213
     
Number of securities issued or to be issued upon exercise
  
(66,375
)(C)

  
-
   
6,000
   
(18,789
)(D)

  
-
   
(79,164
)
 
$
16.68
 
December 31, 2019
  
(290,275
)

  
916
   
18,917
   
(76,664
)
 
  
3,155
   
1,156,049
     

(A)
Subject to forfeiture in certain circumstances prior to June 13, 2021.
(B)
Subject to forfeiture in certain circumstances prior to June 13, 2019.
(C)
Subject to forfeiture in certain circumstances prior to January 2, 2022.
(D)
Subject to forfeiture in certain circumstances prior to June 13, 2020.
Basic and Diluted Earnings per Share of Common Stock
The following table presents basic and diluted earnings per share of common stock for the periods indicated (dollars in thousands, except per share data):

Earnings per Common Share Information

  
Year Ended December 31,
 
  
2019
  
2018
  
2017
 
Numerator:
         
Net income (loss)
 
$
(43,496
)
 
$
37,773
  
$
48,014
 
Net (income) loss allocated to noncontrolling interests in Operating Partnership
  
703
   
(488
)
  
(655
)
Dividends on preferred stock
  
9,353
   
5,297
   
1,833
 
Net income (loss) applicable to common stockholders
 
$
(52,146
)
 
$
31,988
  
$
45,526
 
Denominator:
            
Weighted average common shares outstanding
  
16,775,113
   
14,649,242
   
11,443,493
 
Weighted average diluted shares outstanding
  
16,787,902
   
14,657,498
   
11,450,831
 
Basic and Diluted EPS:
            
Basic
 
$
(3.11
)
 
$
2.18
  
$
3.98
 
Diluted
 
$
(3.11
)
 
$
2.18
  
$
3.98