Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2017

Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block]

Computations of basic and diluted earnings / (loss) per share were as follows (in thousands, except per share data):



	Three Months Ended September 30,						Nine Months Ended September 30,
Numerator	2017			2016			2017			2016
Net income attributable to common stockholders	$	24,115		$	18,897		$	57,583		$	18,969
Allocation to restricted stock awards	(189		)	(135		)	(461		)	(22		)
Basic earnings: Net income attributable to common stockholders after allocation	23,926			18,762			57,122			18,947
Allocation to restricted stock awards	189			135			461			22
Diluted earnings: Net income attributable to common stockholders after allocation	$	24,115		$	18,897		$	57,583		$	18,969

Denominator
Weighted average common shares outstanding	78,369			68,655			75,234			63,716
Add: dilutive stock options	2			8			2			10
Add: dilutive restricted stock	437			406			610			420
Diluted weighted average common shares and securities	78,808			69,069			75,846			64,146
Earnings per share available to common stockholders after allocation:
Basic	$	0.31		$	0.27		$	0.76		$	0.30
Diluted	$	0.31		$	0.27		$	0.76		$	0.30

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

The following table presents the outstanding securities that were excluded from the computation of diluted earnings per share as of September 30, 2017 and 2016 (in thousands):



	As of September 30,
	2017	2016
Common OP units	2,757	2,838
Series A-1 preferred OP units	349	376
Series A-3 preferred OP units	40	40
Series A-4 preferred OP units	425	743
Series A-4 preferred stock	1,085	1,682
Series C preferred OP units	316	333
Aspen preferred OP units	1,284	1,284
Total securities	6,256	7,296