EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 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 and nine months ended September 30, 2022 and 2021.  

	(in thousands, except per share data)
	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
NUMERATOR
Net income (loss) attributable to controlling interests	$	(523)	$	(9,492)	$	(12,103)	$	7,179
Dividends to preferred shareholders	(1,607)		(1,607)		(4,821)		(4,821)
Numerator for basic earnings (loss) per share – net income available to common shareholders	(2,130)		(11,099)		(16,924)		2,358
Noncontrolling interests – Operating Partnership and Series E preferred units	(439)		(1,930)		(3,546)		(1,013)
Dividends to preferred unitholders	160		160		480		480
Numerator for diluted earnings (loss) per share	$	(2,409)	$	(12,869)	$	(19,990)	$	1,825
DENOMINATOR
Denominator for basic earnings per share weighted average shares	15,373		14,065		15,280		13,501
Effect of redeemable operating partnership units	—		—		—		917
Effect of Series D preferred units	—		—		—		228
Effect of Series E preferred units	—		—		—		239
Effect of dilutive restricted stock units and stock options	—		—		—		32
Denominator for diluted earnings per share	15,373		14,065		15,280		14,917
NET INCOME (LOSS) PER COMMON SHARE – BASIC	$	(0.14)	$	(0.79)	$	(1.11)	$	0.17
NET INCOME (LOSS) PER COMMON SHARE – DILUTED	$	(0.14)	$	(0.79)	$	(1.11)	$	0.12