| 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: |
2020 |
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2019 |
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2020 |
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2019 |
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(in millions, except share and per share data) |
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Net income (loss) attributable to controlling stockholders and participating securities |
$ |
12.0 |
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$ |
12.7 |
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$ |
36.3 |
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$ |
26.4 |
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Less: Dividends and distributions on participating securities |
(0.2) |
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(0.3) |
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(0.5) |
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(0.6) |
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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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| Net income (loss) attributable to controlling stockholders |
11.8 |
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12.4 |
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35.8 |
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25.8 |
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| Denominator: |
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| Weighted-average number of common shares — basic |
72,914,145 |
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63,772,549 |
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70,043,125 |
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62,766,318 |
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| Weighted-average number of common shares — diluted |
73,382,217 |
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64,429,155 |
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70,662,377 |
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63,394,220 |
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| Basic earnings per common share |
$ |
0.16 |
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$ |
0.20 |
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$ |
0.51 |
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$ |
0.41 |
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| Diluted earnings per common share |
$ |
0.16 |
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$ |
0.19 |
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$ |
0.51 |
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$ |
0.41 |
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| Securities being allocated a portion of earnings: |
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| Weighted-average number of OP units |
321,261 |
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277,586 |
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301,582 |
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277,586 |
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| Participating securities: |
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As of June 30, 2020 |
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As of June 30, 2019 |
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Unvested restricted common stock and unvested LTIP Units with time-based vesting conditions |
657,841 |
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977,344 |
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| Potentially dilutive securities as of period end: |
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Unvested restricted common stock and unvested LTIP Units with time-based vesting conditions |
657,841 |
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977,344 |
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| Restricted stock units |
235,866 |
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436,958 |
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| LTIP Units with market-based vesting conditions |
312,704 |
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180,500 |
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| Potential shares of common stock related to convertible notes |
5,513,244 |
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5,507,685 |
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