EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Reconciliation of Numerator and Denominator Used To Calculate Basic and Diluted Earnings per Share

The following table presents a reconciliation of the numerator and denominator used to calculate basic and diluted earnings per share reported in the consolidated financial statements for the years ended December 31, 2022, 2021, and 2020:

	(in thousands, except per share data)
	Year Ended December 31,
	2022		2021		2020
NUMERATOR
Net income (loss) attributable to controlling interests	(14,109)		(29)		4,441
Dividends to preferred shareholders	(6,428)		(6,428)		(6,528)
Redemption of preferred shares	—		—		297
Numerator for basic earnings per share – net income (loss) available to common shareholders	(20,537)		(6,457)		(1,790)
Noncontrolling interests – Operating Partnership and Series E preferred units	(4,299)		(2,806)		(212)
Dividends to preferred unitholders	640		640		640
Numerator for diluted earnings (loss) per share	$	(24,196)	$	(8,623)	$	(1,362)
DENOMINATOR
Denominator for basic earnings (loss) per share weighted average shares	15,216		13,803		12,564
Denominator for diluted earnings (loss) per share	15,216		13,803		12,564
NET EARNINGS (LOSS) PER COMMON SHARE – BASIC AND DILUTED	$	(1.35)	$	(0.47)	$	(0.15)