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Equity and Earnings per Common Share (Tables)
6 Months Ended
Jun. 30, 2021
Equity and Earnings per Common Share [Abstract]  
Information about Company's 2013 Plan
The following table sets forth the number of shares of the Company’s common stock as well as LTIP-OP Units and the values thereof (based on the closing prices on the respective dates of grant) granted under the 2013 Plan. Except as otherwise indicated, all shares are fully vested.

Equity Incentive Plan Information

                                               
                                     
Number of Securities
Remaining Available For
   
Weighted
Average
 
 
 
LTIP-OP Units
   
Shares of Common Stock
   
Future Issuance Under
   
Issuance
 
 
 
Issued
   
Forfeited
   
Converted
   
Redeemed
   
Issued
   
Forfeited
   
Equity Compensation Plans
   
Price
 
December 31, 2019
   
(290,275
)
   
916
     
18,917
     
-
     
(76,664
)
   
3,155
     
1,156,049
       
Number of securities issued or to be issued upon exercise
   
(41,900
)(A)
   
-
     
-
     
-
     
-
     
-
     
(41,900
)
 
$
14.55
 
Number of securities issued or to be issued upon exercise
   
-
     
-
     
9,500
     
-
     
(9,500
)
   
-
     
-
   
$
8.01
 
March 31, 2020
   
(332,175
)
   
916
     
28,417
     
-
     
(86,164
)
   
3,155
     
1,114,149
         
Number of securities issued or to be issued upon exercise
   
(9,672
)
   
-
     
-
     
-
     
-
     
-
     
(9,672
)
 
$
6.27
 
Number of securities issued or to be issued upon exercise
   
-
     
-
     
-
     
-
     
(22,224
)
   
-
     
(22,224
)
 
$
9.18
 
June 30, 2020
   
(341,847
)
   
916
     
28,417
     
-
     
(108,388
)
   
3,155
     
1,082,253
         
                                                                 
December 31, 2020
   
(341,847
)
   
916
     
28,417
     
-
     
(108,388
)
   
3,155
     
1,082,253
         
Number of securities issued or to be issued upon exercise
   
(49,800
)(B)
   
-
     
-
     
-
     
-
     
-
     
(49,800
)
 
$
8.81
 
Number of securities issued or to be issued upon exercise
   
-
     
-
     
16,378
     
-
     
(16,378
)
   
-
     
-
   
$
9.00
 
March 31, 2021
   
(391,647
)
   
916
     
44,795
     
-
     
(124,766
)
   
3,155
     
1,032,453
         
Number of securities redeemed
   
-
     
-
     
-
     
3,500
     
-
     
-
     
-
   
$
9.53
 
Number of securities redeemed
   
-
     
-
     
-
     
3,354
     
-
     
-
     
-
   
$
10.48
 
Number of securities issued or to be issued upon exercise
   
-
     
-
     
-
     
-
     
(20,214
)
   
-
     
(20,214
)
 
$
10.39
 
June 30, 2021
   
(391,647
)
   
916
     
44,795
     
6,854
     
(144,980
)
   
3,155
     
1,012,239
         

(A)
Subject to forfeiture in certain circumstances prior to January 2, 2023.
(B)
Subject to forfeiture in certain circumstances prior to January 4, 2024.
Basic 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

 
 
Three Months Ended June 30,
   
Six Months Ended June 30,
 
 
 
2021
   
2020
   
2021
   
2020
 
Numerator:
                       
Net income (loss)
 
$
(11,613
)
 
$
(12,683
)
 
$
9,615
   
$
(61,519
)
Net (income) loss allocated to noncontrolling interests in Operating Partnership
   
240
     
227
     
(194
)
   
1,137
 
Dividends on preferred stock
   
2,465
     
2,461
     
4,928
     
4,920
 
Net income (loss) applicable to common stockholders
 
$
(13,838
)
 
$
(14,917
)
 
$
4,493
   
$
(65,302
)
Denominator:
                               
Weighted average common shares outstanding
   
17,073,943
     
16,882,077
     
17,069,861
     
16,746,758
 
Weighted average diluted shares outstanding
   
17,096,124
     
16,895,408
     
17,092,064
     
16,759,818
 
Basic and Diluted EPS:
                               
Basic
 
$
(0.81
)
 
$
(0.88
)
 
$
0.26
   
$
(3.90
)
Diluted
 
$
(0.81
)
 
$
(0.88
)
 
$
0.26
   
$
(3.90
)