Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share of Common Stock (Tables)

v3.19.2
Earnings per Share of Common Stock (Tables)
 6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
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:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
Numerator:
2019
 
2018
 
2019
 
2018
 
(in thousands, except share and per share data)
Net income (loss) attributable to controlling stockholders and participating securities
$
12,740

 
$
17,262

 
$
26,386

 
$
16,039

Less: Dividends on participating securities
(330
)
 
(433
)
 
(589
)
 
(909
)
Undistributed earnings attributable to participating securities
—

 
—

 
—

 
—

Net income (loss) attributable to controlling stockholders
$
12,410

 
$
16,829

 
$
25,797

 
$
15,130

Denominator:
 
 
 
 
 
 
 
Weighted-average number of common shares — basic
63,772,549

 
52,051,253

 
62,766,318

 
51,882,021

Weighted-average number of common shares — diluted
64,429,155

 
52,051,253

 
63,394,220

 
51,882,021

Basic earnings per common share
$
0.20

 
$
0.32

 
$
0.41

 
$
0.29

Diluted earnings per common share
$
0.19

 
$
0.32

 
$
0.41

 
$
0.29

Other Information:
 
 
 
 
 
 
 
Weighted-average number of OP units
277,586

 
281,289

 
277,586

 
282,619

Unvested restricted common stock outstanding at period end (i.e., participating securities)
 
 
 
 
772,784

 
1,312,768