Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 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
	Ended March 31,
	2022			2021
Numerators – Basic and Diluted
Net income	$	13,955		$	16,181
Income attributable to non-controlling interests		(18	)		(173	)
Preferred dividends		(2,789	)		(5,133	)
Earnings attributable to unvested shares and OP units		(126	)		(115	)
Net income attributable to common shareholders after    allocation to participating securities	$	11,022		$	10,760
Denominators – Number of Shares
Basic—Average shares outstanding		212,103			198,534
Assumed conversion of dilutive securities:
PRSUs		1,100			911
Diluted—Average shares outstanding		213,203			199,445
Earnings Per Share:
Basic	$	0.05		$	0.05
Diluted	$	0.05		$	0.05