EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Schedule of Reconciliation of Numerator and Denominator Used To Calculate Basic and Diluted EPS

The following table presents a reconciliation of the numerator and denominator used to calculate basic and diluted earnings per share reported in the Condensed Consolidated Financial Statements for the three and six months ended June 30, 2023 and 2022.  

	(in thousands, except per share data)
	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
NUMERATOR
Net income (loss) attributable to controlling interests	$	(1,863)	$	(2,991)	$	41,708	$	(11,580)
Dividends to preferred shareholders	(1,607)		(1,607)		(3,214)		(3,214)
Numerator for basic earnings (loss) per share – net income (loss) available to common shareholders	(3,470)		(4,598)		38,494		(14,794)
Noncontrolling interests – Operating Partnership and Series E preferred units	(712)		(950)		7,854		(3,107)
Dividends to preferred unitholders	160		160		320		320
Numerator for diluted earnings (loss) per share	$	(4,022)	$	(5,388)	$	46,668	$	(17,581)
DENOMINATOR
Denominator for basic earnings per share weighted average shares	14,949		15,369		14,987		15,233
Effect of redeemable operating partnership units	—		—		967		—
Effect of Series D preferred units	—		—		228		—
Effect of Series E preferred units	—		—		2,111		—
Effect of dilutive restricted stock units and stock options	—		—		20		—
Denominator for diluted earnings per share	14,949		15,369		18,313		15,233
NET INCOME (LOSS) PER COMMON SHARE – BASIC	$	(0.23)	$	(0.30)	$	2.57	$	(0.97)
NET INCOME (LOSS) PER COMMON SHARE – DILUTED	$	(0.23)	$	(0.30)	$	2.55	$	(0.97)