Earnings Per Share

12 Months Ended

Dec. 31, 2020

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


	Year Ended
(In thousands except share amounts)	December 31, 2020		December 31, 2019
Net income (loss) attributable to common stockholders	$	17,245	$	56,467
Add: Net income (loss) attributable to Convertible Non-controlling Interests(1)	(3)		1,305
Net income (loss) attributable to common stockholders and Convertible Non-controlling Interests	17,242		57,772
Dividends Paid:
Common stockholders	(55,211)		(58,499)
Convertible Non-controlling Interests	(812)		(1,325)
Total dividends paid to common stockholders and Convertible Non-controlling Interests	(56,023)		(59,824)
Undistributed (Distributed in excess of) earnings:
Common stockholders	(37,966)		(2,032)
Convertible Non-controlling Interests	(815)		(20)
Total undistributed (distributed in excess of) earnings attributable to common stockholders and Convertible Non-controlling Interests	$	(38,781)	$	(2,052)
Weighted average shares outstanding (basic and diluted):
Weighted average shares of common stock outstanding	43,486,336		32,067,768
Weighted average Convertible Non-controlling Interest Units outstanding	635,245		732,456
Weighted average shares of common stock and Convertible Non-controlling Interest Units outstanding	44,121,581		32,800,224
Basic earnings per share of common stock and Convertible Non-controlling Interest Unit:
Distributed	$	1.26	$	1.81
Undistributed (Distributed in excess of)	(0.87)		(0.05)
	$	0.39	$	1.76
Diluted earnings per share of common stock and Convertible Non-controlling Interest Unit:
Distributed	$	1.26	$	1.81
Undistributed (Distributed in excess of)	(0.87)		(0.05)
	$	0.39	$	1.76

(1)For the years ended December 31, 2020 and 2019, excludes net income (loss) of $3.4 million and $3.9 million, respectively, attributable to joint venture partners, which have non-participating interests as described in Note 15.

Earnings Per Share

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.