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Earnings Per Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Net increase (decrease) in shareholders' equity resulting from operations        
Net Income (Loss) Attributable to Parent $ 13,152 $ 20,947 [1] $ 32,413 $ 43,582 [1]
Net Income (Loss) Attributable to Participating Non-controlling Interest [2] 82 172 202 357
Net income (loss) attributable to parent and participating non-controlling interest 13,234 21,119 32,615 43,939
Net increase in shareholders' equity resulting from operations– common shares 12,985 20,614 32,002 42,889
Net increase in shareholders' equity resulting from operations– LTIP units 167 333 411 693
Dividends Paid(2):        
Common shareholders [3] (21,742) (19,590) (43,486) (39,180)
LTIP unit holders [3] (279) (317) (558) (633)
Non-controlling Interest [3] (138) (163) (274) (327)
Total dividends paid to common shareholders, LTIP unit holders, and non-controlling interest [3] (22,159) (20,070) (44,318) [4] (40,140) [4]
Undistributed (Distributed in excess of) earnings:        
Common shareholders (8,757) 1,024 (11,484) 3,709
LTIP unit holders (112) 16 (147) 60
Non-controlling interest (56) 9 (72) 30
Total undistributed (distributed in excess of) earnings attributable to common shareholders, LTIP unit holders, and non-controlling interest $ (8,925) $ 1,049 $ (11,703) $ 3,799
Weighted average shares outstanding (basic and diluted):        
Weighted average common shares outstanding 33,449,678 25,441,750 33,449,678 25,438,677
Weighted average participating LTIP units 429,314 411,052 429,314 411,052
Weighted average non-controlling interest units 212,000 212,000 212,000 212,000
Basic earnings per common share:        
Distributed (in usd per share) $ 0.65 $ 0.77 $ 1.30 $ 1.54
Undistributed (Distributed in excess of) (in usd per share) (0.26) 0.04 (0.34) 0.15
Basic earnings per common share (in usd per share) 0.39 0.81 0.96 1.69
Diluted earnings per common share:        
Distributed (in usd per share) 0.65 0.77 1.30 1.54
Undistributed (Distributed in excess of) (in usd per share) (0.26) 0.04 (0.34) 0.15
Diluted earnings per common share (in usd per share) $ 0.39 $ 0.81 $ 0.96 $ 1.69
Net Income (Loss) Attributable to Non-Participating Non-controlling Interest $ (11) $ 85 $ 25 $ 103
[1] Conformed to current period presentation.
[2] For the three month periods ended June 30, 2015 and 2014, excludes net increase (decrease) in equity resulting from operations of $(11) thousand and $85 thousand, respectively attributable to joint venture partners, which have non-participating interests as described in Note 9. For the six month periods ended June 30, 2015 and 2014, excludes net increase in equity resulting from operations of $25 thousand and $103 thousand, respectively attributable to joint venture partners, which have non-participating interests as described in Note 9.
[3] 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.
[4] For the six month periods ended June 30, 2015 and 2014, dividends totaling $1.30 and $1.54, respectively, per common share and convertible unit outstanding, were declared and paid.