EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

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 months ended March 31, 2021 and 2020:  

	(in thousands, except per share data)
	Three Months Ended March 31,
	2021		2020
NUMERATOR
Net income (loss) attributable to controlling interests	$	(4,867)	$	(7,007)
Dividends to preferred shareholders	(1,607)		(1,705)
Redemption of preferred shares	—		273
Numerator for basic earnings (loss) per share – net income available to common shareholders	(6,474)		(8,439)
Noncontrolling interests – Operating Partnership	(469)		(692)
Dividends to preferred unitholders	160		160
Numerator for diluted earnings (loss) per share	$	(6,783)	$	(8,971)
DENOMINATOR
Denominator for basic earnings per share weighted average shares	13,078		12,103
Effect of redeemable operating partnership units	957		1,054
Denominator for diluted earnings per share	14,035		13,157
NET EARNINGS (LOSS) PER COMMON SHARE – BASIC	$	(0.49)	$	(0.69)
NET EARNINGS (LOSS) PER COMMON SHARE – DILUTED	$	(0.49)	$	(0.69)