Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2023

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,
	2023			2022			2023			2022
Numerators – Basic and Diluted
Net income	$	5,353		$	60,409		$	20,655		$	74,364
Income attributable to non-controlling interests		—			(19	)		(18	)		(37	)
Preferred dividends		(2,789	)		(2,789	)		(5,578	)		(5,578	)
Earnings attributable to unvested shares and OP units		(88	)		(125	)		(195	)		(251	)
Net income attributable to common shareholders after    allocation to participating securities	$	2,476		$	57,476		$	14,864		$	68,498
Denominators – Number of Shares
Basic—Average shares outstanding		209,266			213,864			209,616			212,989
Assumed conversion of dilutive securities:
PRSUs		181			906			445			1,104
OP units		—			141			—			141
Diluted—Average shares outstanding		209,447			214,911			210,061			214,234
Earnings Per Share:
Basic	$	0.01		$	0.27		$	0.07		$	0.32
Diluted	$	0.01		$	0.27		$	0.07		$	0.32