Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of amounts used in computing basic and diluted earnings per share

The following table shows the amounts used in computing the Trust’s basic and diluted earnings per share (in thousands, except share and per share data):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Numerator for earnings per share - basic:
Net income	$	16,475	$	15,619	$	49,879	$	34,435
Net income attributable to noncontrolling interests:
Operating Partnership	(425)		(434)		(1,305)		(939)
Partially owned properties	(151)		(136)		(441)		(410)
Preferred distributions	(317)		(314)		(951)		(892)
Numerator for earnings per share - basic	$	15,582	$	14,735	$	47,182	$	32,194
Numerator for earnings per share - diluted:
Numerator for earnings per share - basic	$	15,582	$	14,735	$	47,182	$	32,194
Operating Partnership net income	425		434		1,305		939
Numerator for earnings per share - diluted	$	16,007	$	15,169	$	48,487	$	33,133
Denominator for earnings per share - basic and diluted:
Weighted average number of shares outstanding - basic	208,187,129		186,328,500		202,717,190		184,760,335
Effect of dilutive securities:
Noncontrolling interest - Operating Partnership units	5,643,669		5,536,111		5,655,870		5,398,734
Restricted common shares	70,819		79,779		72,522		89,470
Restricted share units	1,228,351		35,832		1,109,478		241,115
Denominator for earnings per share - diluted:	215,129,968		191,980,222		209,555,060		190,489,654
Earnings per share - basic	$	0.07	$	0.08	$	0.23	$	0.17
Earnings per share - diluted	$	0.07	$	0.08	$	0.23	$	0.17