Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2013

Earnings Per Share [Abstract]

Computation Of Basic And Diluted EPS

The components of the computation of basic and diluted EPS were as follows:

	Three Month Period Ended March 31,
	2013			2012
(In thousands except share amounts)
Net increase in equity resulting from operations	$	40,746		$	32,055
Less: Net increase in equity resulting from operations attributable to the non-controlling interest	411			—
Net increase in shareholders' equity resulting from operations	40,335			32,055
Net increase in shareholders' equity resulting from operations available to common share and LTIP unit holders:
Net increase in shareholders' equity resulting from operations - common shares	39,564			31,312
Net increase in shareholders' equity resulting from operations - LTIP units	771			743
Dividends Paid(1):
Common shareholders	(31,013		)	(6,579		)
LTIP unit holders	(604		)	(156		)
Non-controlling interest	(322		)	—
Total dividends paid to common shareholders, LTIP unit holders, and non-controlling interest	(31,939		)	(6,735		)
Undistributed earnings:
Common shareholders	8,551			24,733
LTIP unit holders	167			587
Non-controlling interest	89			—
Total undistributed earnings attributable to common shareholders, LTIP unit holders, and non-controlling interest	$	8,807		$	25,320
Weighted average shares outstanding (basic and diluted):
Weighted average common shares outstanding	20,388,204			16,447,651
Weighted average participating LTIP units	397,096			390,500
Weighted average non-controlling interest units	212,000			—
Basic earnings per common share:
Distributed	$	1.52		$	0.40
Undistributed	0.42			1.50
	$	1.94		$	1.90
Diluted earnings per common share:
Distributed	$	1.52		$	0.40
Undistributed	0.42			1.50
	$	1.94		$	1.90

(1) The Company pays quarterly dividends in arrears, so a portion of the dividends paid in each calendar year relate to the prior year's earnings.