XML 41 R30.htm IDEA: XBRL DOCUMENT v3.22.1
Equity and Earnings per Common Share (Tables)
 3 Months Ended
Mar. 31, 2022
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


  
LTIP-OP Units
    
Shares of Common Stock
    
Number of Securities
Remaining Available For Future Issuance
Under Equity
     Weighted Average Issuance  
   
Issued
      
Forfeited
    
Converted
     Redeemed    
Issued
    
Forfeited
    
 Compensation Plans
    
Price
  
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
)
(A) 
    
-
      
-
       -      
-
       -      
(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
          
                                                                   
December 31, 2021
     (391,647 )       916       44,795       9,054       (144,980 )     3,155       1,012,239          
Number of securities issued or to be issued upon exercise
     (68,250 ) (B)     -       -               -       -       (68,250 )   $ 8.40  
March 31, 2022
     (459,897 )       916       44,795               (144,980 )     3,155       943,989          

(A)
Subject to forfeiture in certain circumstances prior to January 4, 2024.
(B)
Subject to forfeiture in certain circumstances prior to January 3, 2025.
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 March 31,
  
 
  
2022
    
2021
  
Numerator:
            
Net income
  
$
28,729
    
$
21,228
  
Net income allocated to noncontrolling interests in Operating Partnership
    
(633
)
    
(434
)
Dividends on preferred stock
    
2,463
      
2,463
  
Net income applicable to common stockholders
  
$
25,633
    
$
18,331
  
Denominator:
                
Weighted average common shares outstanding
    
18,252,523
      
17,065,735
  
Weighted average diluted shares outstanding
    
18,272,737
      
17,087,959
  
Basic and Diluted EPS:
                
Basic
  
$
1.40
    
$
1.07
  
Diluted
  
$
1.40
    
$
1.07