Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2018

Earnings Per Share [Abstract]

Schedule Of Calculation Of Numerator And Denominator In Earnings Per Share

The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the three and nine months ended September 30, 2018 and 2017:

	Three months ended September 30,						Nine months ended September 30,
	2018			2017			2018			2017
Numerator
Net income (loss)	$	6,305,000		$	6,417,000		$	(378,000	)	$	13,973,000
Preferred stock dividends		(2,688,000	)		(3,535,000	)		(8,175,000	)		(10,739,000	)
Preferred stock redemptions costs		-			(7,890,000	)		(3,507,000	)		(7,890,000	)
Net (income) attributable to noncontrolling interests		(145,000	)		(117,000	)		(353,000	)		(371,000	)
Net earnings allocated to unvested shares		(108,000	)		(190,000	)		(520,000	)		(564,000	)
Net income (loss) attributable to vested common shares	$	3,364,000		$	(5,315,000	)	$	(12,933,000	)	$	(5,591,000	)
Denominator
Weighted average number of vested common shares outstanding, basic		89,049,000			85,642,000			88,228,000			83,049,000
Assumed vesting of market performance-based restricted stock units		826,000			-			-			-
Weighted average number of vested common shares outstanding, diluted		89,875,000			85,642,000			88,228,000			83,049,000
Net income (loss) per common share attributable to common shareholders, basic	$	0.04		$	(0.06	)	$	(0.15	)	$	(0.07	)
Net income (loss) per common share attributable to common shareholders, diluted	$	0.04		$	(0.06	)	$	(0.15	)	$	(0.07	)