Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share of Common Stock (Details)

v3.21.2
Earnings per Share of Common Stock (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Numerator:        
Net income (loss) attributable to controlling stockholders and participating securities $ 15,974 $ 12,008 $ 66,998 $ 36,317
Less: Dividends and distributions on participating securities (200) (200) (500) (500)
Less: Undistributed earnings attributable to participating securities 0 0 (100) 0
Net income (loss) attributable to controlling stockholders — basic 15,800 11,800 66,400 35,800
Add: Interest expense related to convertible notes under the if-converted method 300 0 4,300 0
Add: Undistributed earnings attributable to participating securities 0 0 100 0
Net income (loss) attributable to controlling stockholders — dilutive $ 16,100 $ 11,800 $ 70,800 $ 35,800
Denominator:        
Weighted-average number of common shares — basic (in shares) 78,372,647 72,914,145 77,935,264 70,043,125
Weighted-average number of common shares — diluted (in shares) 81,944,511 73,382,217 87,165,587 70,662,377
Basic earnings per common share (in usd per share) $ 0.20 $ 0.16 $ 0.85 $ 0.51
Diluted earnings per common share (in usd per share) $ 0.20 $ 0.16 $ 0.81 $ 0.51
Securities being allocated a portion of earnings:        
Weighted-average number of OP units (in shares) 493,737 321,261 409,102 301,582
Participating securities:        
Potential shares of common stock related to convertible notes (in shares) 8,490,305 5,513,244    
LTIP Units with market-based vesting conditions        
Participating securities:        
Unvested restricted common stock and unvested LTIP Units with time-based vesting conditions (in shares) 567,088 657,841    
Potentially dilutive securities (in shares) 347,478 312,704    
Restricted stock units        
Participating securities:        
Potentially dilutive securities (in shares) 81,846 235,866