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EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2020
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 condensed consolidated financial statements for the three months ended March 31, 2020 and 2019:  
 
(in thousands, except per share data)
 
Three Months Ended March 31,
 
2020
 
2019
NUMERATOR
 
 
 
Net income (loss) attributable to controlling interests
$
(7,007
)
 
$
(4,698
)
Dividends to preferred shareholders
(1,705
)
 
(1,705
)
Redemption of preferred shares
273

 
—

Numerator for basic earnings (loss) per share – net income available to common shareholders
(8,439
)
 
(6,403
)
Noncontrolling interests – Operating Partnership
(692
)
 
(743
)
Dividends to preferred unitholders
160

 
57

Numerator for diluted earnings (loss) per share
$
(8,971
)
 
$
(7,089
)
DENOMINATOR
 

 
 

Denominator for basic earnings per share weighted average shares
12,103

 
11,763

Effect of redeemable operating partnership units
1,054

 
1,367

Effect of Series D preferred units
228

 
85

Effect of dilutive restricted stock awards and restricted stock units
16

 
14

Denominator for diluted earnings per share
13,401

 
13,229

 
 
 
 
Earnings (loss) per common share from continuing operations – basic
$
(0.69
)
 
$
(0.54
)
Earnings (loss) per common share from discontinued operations – basic
—

 
—

NET EARNINGS (LOSS) PER COMMON SHARE – BASIC
$
(0.69
)
 
$
(0.54
)
 
 
 
 
Earnings (loss) per common share from continuing operations – diluted
$
(0.67
)
 
$
(0.54
)
Earnings (loss) per common share from discontinued operations – diluted
—

 
—

NET EARNINGS (LOSS) PER COMMON SHARE – DILUTED
$
(0.67
)
 
$
(0.54
)