Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2020

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						Nine Months
	Ended September 30,						Ended September 30,
	2020			2019			2020			2019
Numerators – Basic and Diluted
Net income	$	7,403		$	23,901		$	37,628		$	77,533
Income attributable to non-controlling interests		(116	)		(271	)		(621	)		(836	)
Preferred dividends		(5,133	)		(8,382	)		(15,399	)		(25,148	)
Earnings attributable to unvested shares and operating    partnership units		—			(174	)		(149	)		(520	)
Net income attributable to common shareholders after    allocation to participating securities	$	2,154		$	15,074		$	21,459		$	51,029
Denominators – Number of Shares
Basic—Average shares outstanding		193,203			180,567			193,366			180,555
Assumed conversion of diluted securities		162			940			—			1,064
Diluted—Average shares outstanding		193,365			181,507			193,366			181,619
Earnings Per Share:
Basic	$	0.01		$	0.08		$	0.11		$	0.28
Diluted	$	0.01		$	0.08		$	0.11		$	0.28