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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2021
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 six months ended June  30, 2021 and 2020:

 

 

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

51,464,000

 

 

$

(6,009,000

)

 

$

52,717,000

 

 

$

(8,107,000

)

Preferred stock dividends

 

 

(2,688,000

)

 

 

(2,688,000

)

 

 

(5,376,000

)

 

 

(5,376,000

)

Net (income) attributable to noncontrolling interests

 

 

(409,000

)

 

 

(88,000

)

 

 

(550,000

)

 

 

(236,000

)

Net earnings allocated to unvested shares

 

 

(1,878,000

)

 

 

(28,000

)

 

 

(1,850,000

)

 

 

(182,000

)

Net (loss) attributable to vested common shares

 

$

46,489,000

 

 

$

(8,813,000

)

 

$

44,941,000

 

 

$

(13,901,000

)

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of vested common shares outstanding, basic and diluted

 

 

13,197,000

 

 

 

13,107,000

 

 

 

13,171,000

 

 

 

13,097,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) per common share attributable to common shareholders, basic and diluted

 

$

3.52

 

 

$

(0.67

)

 

$

3.41

 

 

$

(1.06

)