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Earnings per Share
3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Earnings per Share
Earnings per Share

The following table sets forth the components of basic and diluted EPS ($ in thousands, except per share):
 
Three months ended March 31, 2019
 
Income
(Numerator)
 
Shares
(Denominator)
 
Per Share
Amount
Basic EPS
 
 
 
 
 
Consolidated net income attributable to common stockholders
$
7,330

 
18,811,713

 
 
Allocation of earnings to participating restricted shares
(84
)
 

 
 
Consolidated net income attributable to unrestricted common stockholders
$
7,246

 
18,811,713

 
$
0.39

Effect of dilutive securities
 
 
 
 
 
Operating Partnership units
239

 
624,106

 
 
Restricted stock grants and Manager and director fee shares
84

 
217,316

 
 
Interest expense (add back) and assumed conversion of shares from convertible senior notes
2,549

 
8,176,313

 
 
Diluted EPS
 
 
 
 
 
Consolidated net income attributable to common stockholders and dilutive securities
$
10,118

 
27,829,448

 
$
0.36


Three months ended March 31, 2018
 
Income
(Numerator)
 
Shares
(Denominator)
 
Per Share
Amount
Basic EPS
 
 
 
 
 
Consolidated net income attributable to common stockholders
$
7,665

 
18,508,089

 
 
Allocation of earnings to participating restricted shares
(88
)
 

 
 
Consolidated net income attributable to unrestricted common stockholders
$
7,577

 
18,508,089

 
$
0.41

Effect of dilutive securities
 
 
 
 
 
Operating Partnership units
259

 
624,106

 
 
Restricted stock grants and Manager and director fee shares
88

 
215,747

 
 
Interest expense (add back) and assumed conversion of shares from convertible senior notes
2,142

 
7,047,216

 
 
Diluted EPS
 
 
 
 
 
Consolidated net income attributable to common stockholders and dilutive securities
$
10,066

 
26,395,158

 
$
0.38