Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Reconciliation of Net Income and Number of Common Shares Used in Computations of "Basic" EPS and "Diluted" EPS

The following table provides a reconciliation of net income and the number of common shares used in the computations of “basic” earnings per share (“EPS”), which utilizes the weighted-average number of common shares outstanding without regard to dilutive potential common shares, and “diluted” EPS, which includes all such shares (in thousands, except per share amounts).

	Three Months						Nine Months
	Ended September 30,						Ended September 30,
	2022			2021			2022			2021
Numerators – Basic and Diluted
Net income	$	66,213		$	28,157		$	140,577		$	66,325
Income attributable to non-controlling interests		(18	)		(93	)		(55	)		(384	)
Write-off of preferred share original issuance costs		—			—			—			(5,156	)
Preferred dividends		(2,789	)		(2,789	)		(8,367	)		(10,867	)
Earnings attributable to unvested shares and OP units		(117	)		(150	)		(368	)		(450	)
Net income attributable to common shareholders after    allocation to participating securities	$	63,289		$	25,125		$	131,787		$	49,468
Denominators – Number of Shares
Basic—Average shares outstanding		213,846			211,048			213,278			206,918
Assumed conversion of dilutive securities:
PRSUs		341			1,114			441			1,146
Forward equity		—			29			—			10
OP units		141			—			141			—
Diluted—Average shares outstanding		214,328			212,191			213,860			208,074
Earnings Per Share:
Basic	$	0.30		$	0.12		$	0.62		$	0.24
Diluted	$	0.30		$	0.12		$	0.62		$	0.24