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EARNINGS PER SHARE AND UNIT (Tables)
 9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings per Share and Unit
The following table sets forth the computation of our basic and diluted earnings per share:
Three Months Ended September 30,Nine Months Ended September 30,
(Amounts in thousands, except per share amounts)2022202120222021
Numerator:
Net income attributable to common shareholders$11,383 $27,766 $32,495 $60,233 
Less: Earnings allocated to unvested participating securities(6)(12)(17)(29)
Net income available for common shareholders - basic$11,377 $27,754 $32,478 $60,204 
Impact of assumed conversions:
OP and LTIP Units388 — 1,103 2,608 
Net income available for common shareholders - dilutive$11,765 $27,754 $33,581 $62,812 
Denominator:
Weighted average common shares outstanding - basic117,382 117,087 117,359 117,009 
Effect of dilutive securities(1):
Restricted share awards58 50 61 56 
Assumed conversion of OP and LTIP Units4,243 — 4,052 5,147 
Weighted average common shares outstanding - diluted121,683 117,137 121,472 122,212 
Earnings per share available to common shareholders:
Earnings per common share - Basic$0.10 $0.24 $0.28 $0.51 
Earnings per common share - Diluted$0.10 $0.24 $0.28 $0.51 
(1) For the three and nine months ended September 30, 2022, the effect of the redemption of certain OP and LTIP Units for Urban Edge common shares would have an anti-dilutive effect on the calculation of diluted EPS. Accordingly, the impact of such redemption has not been included in the determination of diluted EPS for these periods.
Operating Partnership Earnings per Unit
The following table sets forth the computation of basic and diluted earnings per unit:
Three Months Ended September 30,Nine Months Ended September 30,
(Amounts in thousands, except per unit amounts)2022202120222021
Numerator:
Net income attributable to unitholders$11,838 $28,915 $33,843 $62,841 
Less: net income attributable to participating securities(6)(12)(17)(29)
Net income available for unitholders$11,832 $28,903 $33,826 $62,812 
Denominator:
Weighted average units outstanding - basic121,405 120,903 121,320 120,839 
Effect of dilutive securities issued by Urban Edge58 50 61 56 
Unvested LTIP Units220 1,034 276 1,317 
Weighted average units outstanding - diluted121,683 121,987 121,657 122,212 
Earnings per unit available to unitholders:
Earnings per unit - Basic$0.10 $0.24 $0.28 $0.52 
Earnings per unit - Diluted$0.10 $0.24 $0.28 $0.51