Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2019

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 months ended March 31, 2019 and 2018:

	Three months ended March 31,
	2019			2018
Numerator
Net income (loss)	$	2,989,000		$	(16,620,000	)
Preferred stock dividends		(2,688,000	)		(2,799,000	)
Preferred stock redemptions costs		-			(3,507,000	)
Net (income) loss attributable to noncontrolling interests		(107,000	)		(48,000	)
Net earnings allocated to unvested shares		(144,000	)		(217,000	)
Net income (loss) attributable to vested common shares	$	50,000		$	(23,191,000	)
Denominator
Weighted average number of vested common shares outstanding, basic and diluted		86,580,000			87,623,000
Net income (loss) per common share attributable to common shareholders, basic and diluted	$	0.00		$	(0.26	)