BENEFICIARIES' EQUITY OF THE PARENT COMPANY (Tables)

6 Months Ended

Jun. 30, 2022

Schedule of 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 June 30,
	2022				2021
	Basic		Diluted		Basic		Diluted
Numerator
Net income	$	4,651	$	4,651	$	(175)	$	(175)
Net (income) loss attributable to noncontrolling interests	(14)		(14)		8		8
Nonforfeitable dividends allocated to unvested restricted shareholders	(98)		(98)		(94)		(94)


Net income (loss) attributable to common shareholders	$	4,539	$	4,539	$	(261)	$	(261)
Denominator
Weighted-average shares outstanding	171,527,031		171,527,031		170,848,894		170,848,894
Contingent securities/Share based compensation	—		733,398		—		—
Weighted-average shares outstanding	171,527,031		172,260,429		170,848,894		170,848,894
Earnings per Common Share:
Net income attributable to common shareholders	$	0.03	$	0.03	$	—	$	—


	Six Months Ended June 30,
	2022				2021
	Basic		Diluted		Basic		Diluted
Numerator
Net income	$	10,752	$	10,752	$	6,789	$	6,789
Net income attributable to noncontrolling interests	(22)		(22)		(35)		(35)
Nonforfeitable dividends allocated to unvested restricted shareholders	(246)		(246)		(240)		(240)


Net income attributable to common shareholders	$	10,484	$	10,484	$	6,514	$	6,514
Denominator
Weighted-average shares outstanding	171,411,631		171,411,631		170,737,437		170,737,437
Contingent securities/Share based compensation	—		1,163,777		—		1,258,682
Weighted-average shares outstanding	171,411,631		172,575,408		170,737,437		171,996,119
Earnings per Common Share:
Net income attributable to common shareholders	$	0.06	$	0.06	$	0.04	$	0.04

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


	Three Months Ended June 30,
	2022				2021
	Basic		Diluted		Basic		Diluted
Numerator
Net income (loss)	$	4,651	$	4,651	$	(175)	$	(175)
Net loss attributable to noncontrolling interests	2		2		1		1
Nonforfeitable dividends allocated to unvested restricted unitholders	(98)		(98)		(94)		(94)


Net income (loss) attributable to common unitholders	$	4,555	$	4,555	$	(268)	$	(268)
Denominator
Weighted-average units outstanding	172,043,498		172,043,498		171,792,415		171,792,415
Contingent securities/Share based compensation	—		733,398		—		—
Total weighted-average units outstanding	172,043,498		172,776,896		171,792,415		171,792,415
Earnings per Common Partnership Unit:
Net income attributable to common unitholders	$	0.03	$	0.03	$	—	$	—


	Six Months Ended June 30,
	2022				2021
	Basic		Diluted		Basic		Diluted
Numerator
Net income	$	10,752	$	10,752	$	6,789	$	6,789
Net loss attributable to noncontrolling interests	4		4		2		2
Nonforfeitable dividends allocated to unvested restricted unitholders	(246)		(246)		(240)		(240)


Net income attributable to common unitholders	$	10,510	$	10,510	$	6,551	$	6,551
Denominator
Weighted-average units outstanding	171,985,863		171,985,863		171,699,909		171,699,909
Contingent securities/Share based compensation	—		1,163,777		—		1,258,682
Total weighted-average units outstanding	171,985,863		173,149,640		171,699,909		172,958,591
Earnings per Common Partnership Unit:
Net income attributable to common unitholders	$	0.06	$	0.06	$	0.04	$	0.04