| 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 March 31, |
|
|
|
2021 |
|
2020 |
|
|
|
|
| Numerator: |
(in millions, except share and per share data) |
Net income (loss) attributable to controlling stockholders and participating securities |
$ |
51.0 |
|
|
$ |
24.3 |
|
|
|
|
|
Less: Dividends and distributions on participating securities |
(0.3) |
|
|
(0.3) |
|
|
|
|
|
| Less: Undistributed earnings attributable to participating securities |
(0.1) |
|
|
— |
|
|
|
|
|
| Net income (loss) attributable to controlling stockholders — basic |
50.6 |
|
|
24.0 |
|
|
|
|
|
| Add: Interest expense related to convertible notes under the if-converted method |
2.1 |
|
|
1.8 |
|
|
|
|
|
| Add: Undistributed earnings attributable to participating securities |
0.1 |
|
|
— |
|
|
|
|
|
| Net income (loss) attributable to controlling stockholders — dilutive |
$ |
52.8 |
|
|
$ |
25.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Denominator: |
|
|
|
|
|
|
|
| Weighted-average number of common shares — basic |
77,493,021 |
|
|
67,172,104 |
|
|
|
|
|
| Weighted-average number of common shares — diluted |
86,866,581 |
|
|
73,140,922 |
|
|
|
|
|
| Basic earnings per common share |
$ |
0.65 |
|
|
$ |
0.36 |
|
|
|
|
|
| Diluted earnings per common share |
$ |
0.61 |
|
|
$ |
0.35 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Securities being allocated a portion of earnings: |
|
|
|
|
|
|
|
| Weighted-average number of OP units |
323,527 |
|
|
281,903 |
|
|
|
|
|
|
|
|
|
|
|
|
As of March 31, 2021 |
|
As of March 31, 2020 |
|
|
|
|
| Participating securities: |
|
|
|
|
|
|
|
| Unvested restricted common stock and unvested LTIP Units with time-based vesting conditions outstanding at period end |
569,213 |
|
|
660,880 |
|
|
|
|
|
| Potentially dilutive securities as of period end: |
|
|
|
|
|
|
|
Unvested restricted common stock and unvested LTIP Units with time-based vesting conditions |
569,213 |
|
|
660,880 |
|
|
|
|
|
| Restricted stock units |
81,846 |
|
|
241,988 |
|
|
|
|
|
| LTIP Units with market-based vesting conditions |
312,704 |
|
|
180,500 |
|
|
|
|
|
| Potential shares of common stock related to convertible notes |
8,487,800 |
|
|
5,510,499 |
|
|
|
|
|
|