Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Reconciliation of Net Income and Number of Common Shares Used in Computations of "Basic" EPS and "Diluted" EPS

The following table provides a reconciliation of net income and the number of common shares used in the computations of “basic” earnings per share (“EPS”), which utilizes the weighted-average number of common shares outstanding without regard to dilutive potential common shares, and “diluted” EPS, which includes all such shares (in thousands, except per share amounts).

	Three Months						Six Months
	Ended June 30,						Ended June 30,
	2022			2021			2022			2021
Numerators – Basic and Diluted
Net income	$	60,409		$	21,987		$	74,364		$	38,168
Income attributable to non-controlling interests		(19	)		(118	)		(37	)		(291	)
Write-off of preferred share original issuance costs		—			(5,156	)		—			(5,156	)
Preferred dividends		(2,789	)		(2,945	)		(5,578	)		(8,078	)
Earnings attributable to unvested shares and OP units		(125	)		(151	)		(251	)		(299	)
Net income attributable to common shareholders after    allocation to participating securities	$	57,476		$	13,617		$	68,498		$	24,344
Denominators – Number of Shares
Basic—Average shares outstanding		213,864			211,035			212,989			204,819
Assumed conversion of dilutive securities:
PRSUs		906			846			1,104			808
OP units		141			—			141			—
Diluted—Average shares outstanding		214,911			211,881			214,234			205,627
Earnings Per Share:
Basic	$	0.27		$	0.06		$	0.32		$	0.12
Diluted	$	0.27		$	0.06		$	0.32		$	0.12