EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Reconciliation of Numerator and Denominator Used To Calculate Basic and Diluted EPS

The following table presents a reconciliation of the numerator and denominator used to calculate basic and diluted earnings per share reported in the Condensed Consolidated Financial Statements for the three months ended March 31, 2022 and 2021:  

	(in thousands, except per share data)
	Three Months Ended March 31,
	2022		2021
NUMERATOR
Net income (loss) attributable to controlling interests	$	(8,589)	$	(4,867)
Dividends to preferred shareholders	(1,607)		(1,607)
Numerator for basic earnings (loss) per share – net income available to common shareholders	(10,196)		(6,474)
Noncontrolling interests – Operating Partnership and Series E preferred units	(2,157)		(469)
Dividends to preferred unitholders	160		160
Numerator for diluted earnings (loss) per share	$	(12,193)	$	(6,783)
DENOMINATOR
Denominator for basic earnings per share weighted average shares	15,097		13,078
Effect of redeemable operating partnership units	—		957
Denominator for diluted earnings per share	15,097		14,035
NET EARNINGS (LOSS) PER COMMON SHARE – BASIC	$	(0.68)	$	(0.49)
NET EARNINGS (LOSS) PER COMMON SHARE – DILUTED	$	(0.68)	$	(0.49)