Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2020

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
	Ended March 31,
	2020			2019
Numerators – Basic and Diluted
Net income	$	34,628		$	36,095
Plus: Income attributable to non-controlling interests		(295	)		(305	)
Less: Preferred dividends		(5,133	)		(8,383	)
Less: Earnings attributable to unvested shares and operating    partnership units		(149	)		(172	)
Net income attributable to common shareholders after    allocation to participating securities	$	29,051		$	27,235
Denominators – Number of Shares
Basic—Average shares outstanding		193,726			180,546
Assumed conversion of diluted securities		—			545
Diluted—Average shares outstanding		193,726			181,091
Earnings Per Share:
Basic	$	0.15		$	0.15
Diluted	$	0.15		$	0.15