| 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
September 30, |
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Nine Months Ended
September 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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$ |
7.9 |
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$ |
3.3 |
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$ |
27.5 |
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$ |
10.2 |
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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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(1.5 |
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(1.3 |
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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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$ |
7.5 |
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$ |
2.9 |
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$ |
26.0 |
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$ |
8.9 |
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Denominator:
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Weighted-average number of common shares — basic
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51,655,868 |
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41,988,036 |
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49,924,224 |
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38,924,977 |
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Weighted-average number of common shares — diluted
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51,655,868 |
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41,988,036 |
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49,924,224 |
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38,924,977 |
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Basic earnings per common share
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$ |
0.14 |
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$ |
0.07 |
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$ |
0.52 |
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$ |
0.23 |
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Diluted earnings per common share
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$ |
0.14 |
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$ |
0.07 |
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$ |
0.52 |
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$ |
0.23 |
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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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1,410,934 |
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1,323,460 |
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1,410,934 |
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1,323,460 |
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Unvested restricted stock units outstanding as of
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254,456 |
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— |
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254,456 |
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— |
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