Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Computation Of Basic And Diluted EPS

The components of the computation of basic and diluted EPS are as follows:

	Year Ended December 31, 2019
(In thousands except share amounts)
Net income (loss) attributable to common stockholders	$	56,467
Add: Net income (loss) attributable to Convertible Non-controlling Interests(1)	1,305
Net income (loss) attributable to common stockholders and Convertible Non-controlling Interests	57,772
Dividends Paid:
Common stockholders	(58,499		)
Convertible Non-controlling Interests	(1,325		)
Total dividends paid to common stockholders and Convertible Non-controlling Interests	(59,824		)
Undistributed (Distributed in excess of) earnings:
Common stockholders	(2,032		)
Convertible Non-controlling Interests	(20		)
Total undistributed (distributed in excess of) earnings attributable to common stockholders and Convertible Non-controlling Interests	$	(2,052	)
Weighted average shares outstanding (basic and diluted):
Weighted average shares of common stock outstanding	32,067,768
Weighted average Convertible Non-controlling Interest Units outstanding	732,456
Weighted average shares of common stock and Convertible Non-controlling Interest Units outstanding	32,800,224
Basic earnings per share of common stock and Convertible Non-controlling Interest Unit:
Distributed	$	1.81
Undistributed (Distributed in excess of)	(0.05		)
	$	1.76
Diluted earnings per share of common stock and Convertible Non-controlling Interest Unit:
Distributed	$	1.81
Undistributed (Distributed in excess of)	(0.05		)
	$	1.76

(1)

For the year ended December 31, 2019, excludes net income (loss) of $3.9 million attributable to joint venture partners, which have non-participating interests as described in Note 15.

The components of the computation of basic and diluted EPS were as follows:

	Year Ended December 31, 2018
(In thousands except share amounts)
Net increase (decrease) in shareholders' equity resulting from operations	$	46,676
Add: Net increase (decrease) in equity resulting from operations attributable to participating non-controlling interests(1)	319
Net increase (decrease) in equity resulting from operations related to common shares, LTIP Unit holders, and participating non-controlling interests	46,995
Net increase (decrease) in shareholders' equity resulting from operations available to common share and LTIP Unit holders:
Net increase (decrease) in shareholders' equity resulting from operations–common shares	45,922
Net increase (decrease) in shareholders' equity resulting from operations–LTIP Units	753
Dividends Paid:
Common shareholders	(49,576		)
LTIP Unit holders	(812		)
Non-controlling interests	(348		)
Total dividends paid to common shareholders, LTIP Unit holders, and non-controlling interests	(50,736		)
Undistributed (Distributed in excess of) earnings:
Common shareholders	(3,653		)
LTIP Unit holders	(59		)
Non-controlling interests	(29		)
Total undistributed (distributed in excess of) earnings attributable to common shareholders, LTIP Unit holders, and non-controlling interests	$	(3,741	)
Weighted average shares outstanding (basic and diluted):
Weighted average common shares outstanding	30,297,401
Weighted average participating LTIP Units	496,962
Weighted average non-controlling interest units	212,000
Basic earnings per common share:
Distributed	$	1.64
Undistributed (Distributed in excess of)	(0.12		)
	$	1.52
Diluted earnings per common share:
Distributed	$	1.64
Undistributed (Distributed in excess of)	(0.12		)
	$	1.52

(1)

For the year ended December 31, 2018, excludes net increase (decrease) in equity resulting from operations of $2.9 million attributable to joint venture partners, which have non-participating interests as described in Note 11.