Earnings per Share and Unit (Tables)

9 Months Ended

Sep. 30, 2013

Parent Company [Member]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The following summarizes the calculation of basic and diluted earnings per share for the periods ended September 30, 2013 and 2012, respectively (in thousands except per share data):

		Three months ended September 30,			Nine months ended September 30,
		2013	2012		2013	2012
Numerator:
Continuing Operations
Income from continuing operations	$	23,890	17,781	$	65,837	45,907
Gain on sale of real estate		56	228		1,773	2,041
Less: income (loss) attributable to noncontrolling interests		367	248		992	103
Income from continuing operations attributable to the Company		23,579	17,761		66,618	47,845
Less: preferred stock dividends		5,266	7,932		15,797	27,265
Less: dividends paid on unvested restricted stock		148	175		445	526
Income from continuing operations attributable to common stockholders - basic		18,165	9,654		50,376	20,054
Add: dividends paid on Treasury Method restricted stock		15	32		55	61
Income from continuing operations attributable to common stockholders - diluted		18,180	9,686		50,431	20,115
Discontinued Operations
Income from discontinued operations		16,718	1,811		31,658	9,955
Less: income from discontinued operations attributable to noncontrolling interests		33	3		63	20
Income from discontinued operations attributable to the Company		16,685	1,808		31,595	9,935
Net Income
Net income attributable to common stockholders - basic		34,850	11,462		81,971	29,989
Net income attributable to common stockholders - diluted	$	34,865	11,494	$	82,026	30,050
Denominator:
Weighted average common shares outstanding for basic EPS		91,985	89,594		91,147	89,491
Incremental shares to be issued under unvested restricted stock		33	68		40	44
Weighted average common shares outstanding for diluted EPS		92,018	89,662		91,187	89,535
Income per common share – basic
Continuing operations	$	0.20	0.11	$	0.55	0.23
Discontinued operations		0.18	0.02		0.35	0.11
Net income attributable to common stockholders	$	0.38	0.13	$	0.90	0.34
Income per common share – diluted
Continuing operations	$	0.20	0.11	$	0.55	0.23
Discontinued operations		0.18	0.02		0.35	0.11
Net income attributable to common stockholders	$	0.38	0.13	$	0.90	0.34

Partnership Interest [Member]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The following summarizes the calculation of basic and diluted earnings per unit for the periods ended September 30, 2013 and 2012, respectively (in thousands except per unit data):

		Three months ended September 30,			Nine months ended September 30,
		2013	2012		2013	2012
Numerator:
Continuing Operations
Income from continuing operations	$	23,890	17,781	$	65,837	45,907
Gain on sale of real estate		56	228		1,773	2,041
Less: income attributable to noncontrolling interests		294	208		809	616
Income from continuing operations attributable to the Partnership		23,652	17,801		66,801	47,332
Less: preferred unit distributions		5,266	7,932		15,797	26,636
Less: dividends paid on unvested restricted units		148	175		445	526
Income from continuing operations attributable to common unit holders - basic		18,238	9,694		50,559	20,170
Add: dividends paid on Treasury Method restricted units		15	31		55	61
Income from continuing operations attributable to common unit holders - diluted		18,253	9,725		50,614	20,231
Discontinued Operations
Income from discontinued operations		16,718	1,811		31,658	9,955
Less: income from discontinued operations attributable to noncontrolling interests		33	4		63	20
Income from discontinued operations attributable to the Partnership		16,685	1,807		31,595	9,935
Net Income
Net income attributable to common unit holders - basic		34,923	11,501		82,154	30,105
Net income attributable to common unit holders - diluted	$	34,938	11,532	$	82,209	30,166
Denominator:
Weighted average common units outstanding for basic EPU		92,153	89,771		91,321	89,668
Incremental units to be issued under unvested restricted stock		33	68		40	44
Weighted average common units outstanding for diluted EPU		92,186	89,839		91,361	89,712
Income (loss) per common unit – basic
Continuing operations	$	0.20	0.11	$	0.55	0.23
Discontinued operations		0.18	0.02		0.35	0.11
Net income (loss) attributable to common unit holders	$	0.38	0.13	$	0.90	0.34
Income (loss) per common unit – diluted
Continuing operations	$	0.20	0.11	$	0.55	0.23
Discontinued operations		0.18	0.02		0.35	0.11
Net income (loss) attributable to common unit holders	$	0.38	0.13	$	0.90	0.34