Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

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 March 31,
	2022		2021
Numerator for earnings per share - basic:
Net income	$	13,943	$	17,805
Net income attributable to noncontrolling interests:
Operating Partnership	(692)		(459)
Partially owned properties	(159)		(152)
Preferred distributions	—		(13)
Numerator for earnings per share - basic	$	13,092	$	17,181
Numerator for earnings per share - diluted:
Numerator for earnings per share - basic	$	13,092	$	17,181
Noncontrolling interest - Operating Partnership income	692		459
Numerator for earnings per share - diluted	$	13,784	$	17,640
Denominator for earnings per share - basic and diluted:
Weighted average number of shares outstanding - basic	225,069,208		210,529,698
Effect of dilutive securities:
Noncontrolling interest - Operating Partnership units	11,912,099		5,687,247
Restricted common shares	104,910		87,124
Restricted share units	1,254,026		1,018,356
Denominator for earnings per share - diluted:	238,340,243		217,322,425
Earnings per share - basic	$	0.06	$	0.08
Earnings per share - diluted	$	0.06	$	0.08