Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share of Common Stock (Tables)

v3.5.0.2
Earnings per Share of Common Stock (Tables)
6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per Common Share

The computation of basic and diluted earnings per common share is as follows:

 

     Three Months Ended June 30,     Six Months Ended June 30,  

Numerator:

   2016     2015     2016     2015  
     (in millions, except share and per share data)  

Net income attributable to controlling shareholders and participating securities

   $ 3.8      $ 1.5      $ 6.9      $ 3.6   

Less: Dividends paid on participating securities

     (0.4     (0.3     (0.9     (0.7

Undistributed earnings attributable to participating securities

     —          —          —          —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income attributable to controlling shareholders

   $ 3.4      $ 1.2      $ 6.0      $ 2.9   
  

 

 

   

 

 

   

 

 

   

 

 

 

Denominator:

                        

Weighted-average number of common shares — basic

     37,737,026        29,479,023        37,376,618        27,941,095   
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted-average number of common shares — diluted

     37,737,026        29,479,023        37,376,618        27,941,095   
  

 

 

   

 

 

   

 

 

   

 

 

 

Basic earnings per common share

   $ 0.09      $ 0.04      $ 0.16      $ 0.10   
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted earnings per common share

   $ 0.09      $ 0.04      $ 0.16      $ 0.10   
  

 

 

   

 

 

   

 

 

   

 

 

 

Other Information:

        

Weighted-average number of OP units

     284,992        284,992        284,992        304,940   
  

 

 

   

 

 

   

 

 

   

 

 

 

Unvested restricted common stock outstanding

         1,330,026        1,277,010