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)
9 Months Ended
Sep. 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
September 30,
    Nine Months Ended
September 30,
 

Numerator:

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

Net income attributable to controlling shareholders and participating securities

   $ 3.3      $ 2.1      $ 10.2      $ 5.7   

Less: Dividends paid on participating securities

     (0.4     (0.3     (1.3     (1.0

Undistributed earnings attributable to participating securities

     —          —          —          —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income attributable to controlling shareholders

   $ 2.9      $ 1.8      $ 8.9      $ 4.7   
  

 

 

   

 

 

   

 

 

   

 

 

 

Denominator:

                        

Weighted-average number of common shares — basic

     41,988,036        31,221,982        38,924,977        29,046,742   
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted-average number of common shares — diluted

     41,988,036        31,221,982        38,924,977        29,046,742   
  

 

 

   

 

 

   

 

 

   

 

 

 

Basic earnings per common share

   $ 0.07      $ 0.06      $ 0.23      $ 0.16   
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted earnings per common share

   $ 0.07      $ 0.06      $ 0.23      $ 0.16   
  

 

 

   

 

 

   

 

 

   

 

 

 

Other Information:

        

Weighted-average number of OP units

     284,992        284,992        284,992        298,218   
  

 

 

   

 

 

   

 

 

   

 

 

 

Unvested restricted common stock outstanding

         1,323,460        1,297,584