Numerator:

Net income attributable to controlling interests

$

31,520

$

26,170

Preferred stock and preferred unit dividends and discount accretion

(3,574

)

(6,292

)

Net income attributable to common shareholders—basic

27,946

19,878

Effect of dilutive preferred stock dividends and discount accretion

600

597

Net income attributable to common shareholders—diluted

$

28,546

$

20,475

Denominator:

Basic (including unvested share-based payment awards) (1)

15,115

14,673

Effect of dilutive stock compensation arrangements and exchange of preferred stock

4,070

4,051

Diluted (including unvested share-based payment awards) (1)

19,185

18,724

Net income attributable to common shareholders per share—basic

$

1.85

$

1.35

Net income attributable to common shareholders per share—diluted

$

1.49

$

1.09