Beneficiaries Equity of the Parent Company (Tables)

3 Months Ended

Mar. 31, 2021

Equity [Abstract]

Earnings Per Share (EPS), Basic and Diluted

The following table details the number of shares and net income used to calculate basic and diluted earnings per share (in thousands, except share and per share amounts; results may not add due to rounding):

	Three Months Ended March 31,
	2021				2020
	Basic		Diluted		Basic		Diluted
Numerator
Net income	$	6,964	$	6,964	$	8,087	$	8,087
Net income attributable to noncontrolling interests	(43)		(43)		(65)		(65)
Nonforfeitable dividends allocated to unvested restricted shareholders	(146)		(146)		(131)		(131)
Net income attributable to common shareholders	$	6,775	$	6,775	$	7,891	$	7,891
Denominator
Weighted-average shares outstanding	170,624,741		170,624,741		176,069,968		176,069,968
Contingent securities/Share based compensation	—		1,011,379		—		583,491
Weighted-average shares outstanding	170,624,741		171,636,120		176,069,968		176,653,459
Earnings per Common Share:
Net income attributable to common shareholders	$	0.04	$	0.04	$	0.04	$	0.04