| Schedule of Computation of Basic and Diluted Earnings Per Common Share of Common Stock |
The computation of basic and diluted earnings per common share of
common stock is as follows:
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Three Months Ended
June 30, |
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Six Months Ended
June 30, |
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Numerator:
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2017 |
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2016 |
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2017 |
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2016 |
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(in millions,
except share and per share data) |
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Net income attributable to controlling stockholders and
participating securities
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$ |
12.3 |
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$ |
3.8 |
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$ |
19.5 |
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$ |
6.9 |
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Less: Dividends paid on participating securities
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(0.4 |
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(0.4 |
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(0.9 |
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(0.9 |
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Undistributed earnings attributable to participating securities
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— |
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— |
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— |
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— |
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Net income attributable to controlling stockholders
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$ |
11.9 |
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$ |
3.4 |
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$ |
18.6 |
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$ |
6.0 |
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Denominator:
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Weighted-average number of common shares — basic
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50,573,996 |
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37,737,026 |
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49,044,051 |
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37,376,618 |
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Weighted-average number of common shares — diluted
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50,573,996 |
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37,737,026 |
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49,044,051 |
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37,376,618 |
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Basic earnings per common share
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$ |
0.23 |
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$ |
0.09 |
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$ |
0.38 |
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$ |
0.16 |
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Diluted earnings per common share
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$ |
0.23 |
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$ |
0.09 |
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$ |
0.38 |
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$ |
0.16 |
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Other Information:
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Weighted-average number of OP units
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284,992 |
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284,992 |
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284,992 |
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284,992 |
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Unvested restricted common stock outstanding as of
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1,416,629 |
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1,330,026 |
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Unvested restricted stock units outstanding as of
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256,034 |
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0 |
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