XML 27 R28.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings Per Unit (EPU) (Tables)
 3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Unit
The computation of basic and diluted EPU is presented below: 
 
Three Months Ended March 31, 2014
 
Three Months Ended March 31, 2013
Numerator:
 
 
 
Income from Continuing Operations
$
4,626

 
$
944

Gain on Sale of Real Estate
—

 
262

Income from Continuing Operations Allocable to Participating Securities
(26
)
 
(36
)
Preferred Unit Distributions
(1,019
)
 
(3,837
)
Redemption of Preferred Units
(1,462
)
 
—

Income (Loss) from Continuing Operations Available to Unitholders
$
2,119

 
$
(2,667
)
Income (Loss) from Discontinued Operations
$
452

 
$
(2,334
)
Income from Discontinued Operations Allocable to Participating Securities
(5
)
 
—

Income (Loss) from Discontinued Operations Attributable to Unitholders
$
447

 
$
(2,334
)
Net Income (Loss) Available to Unitholders and Participating Securities
$
2,597

 
$
(4,965
)
Net Income Allocable to Participating Securities
(31
)
 
(36
)
Net Income (Loss) Available to Unitholders
$
2,566

 
$
(5,001
)
Denominator:
 
 
 
Weighted Average Units—Basic
114,245

 
105,477

Effect of Dilutive Securities that Result in the Issuance of General Partner Units:
 
 
 
LTIP Unit Awards
539

 
—

Weighted Average Units—Diluted
114,784

 
105,477

Basic and Diluted EPU:
 
 
 
Income (Loss) from Continuing Operations Available to Unitholders
$
0.02

 
$
(0.03
)
Income (Loss) from Discontinued Operations Attributable to Unitholders
$
0.00

 
$
(0.02
)
Net Income (Loss) Available to Unitholders
$
0.02

 
$
(0.05
)