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Earnings Per Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Net increase (decrease) in shareholders' equity resulting from operations        
Net Income (Loss) Attributable to Parent $ 3,896 $ 12,948 [1] $ 36,309 $ 56,530 [1]
Net Income (Loss) Attributable to Participating Non-controlling Interest [2] 25 98 227 456
Net income (loss) attributable to parent and participating non-controlling interest 3,921 13,046 36,536 56,986
Net increase in shareholders' equity resulting from operations– common shares 3,847 12,756 35,849 55,653
Net increase in shareholders' equity resulting from operations– LTIP units 49 192 460 877
Dividends Paid(2):        
Common shareholders [3] (21,727) (19,590) (65,211) (58,934)
LTIP unit holders [3] (279) (317) (837) (950)
Non-controlling Interest [3] (138) (163) (414) (326)
Total dividends paid to common shareholders, LTIP unit holders, and non-controlling interest [3] (22,144) (20,070) (66,462) [4] (60,210) [4]
Undistributed (Distributed in excess of) earnings:        
Common shareholders (17,880) (6,834) (29,362) (3,281)
LTIP unit holders (230) (125) (377) (73)
Non-controlling interest (113) (65) (187) 130
Total undistributed (distributed in excess of) earnings attributable to common shareholders, LTIP unit holders, and non-controlling interest $ (18,223) $ (7,024) $ (29,926) $ (3,224)
Weighted average shares outstanding (basic and diluted):        
Weighted average common shares outstanding 33,438,047 27,442,146 33,445,758 26,113,839
Weighted average participating LTIP units 430,267 411,926 429,635 411,346
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 $ 1.95 $ 2.31
Undistributed (Distributed in excess of) (in usd per share) (0.53) (0.31) (0.88) (0.18)
Basic earnings per common share (in usd per share) 0.12 0.46 1.07 2.13
Diluted earnings per common share:        
Distributed (in usd per share) 0.65 0.77 1.95 2.31
Undistributed (Distributed in excess of) (in usd per share) (0.53) (0.31) (0.88) (0.18)
Diluted earnings per common share (in usd per share) $ 0.12 $ 0.46 $ 1.07 $ 2.13
Net Income (Loss) Attributable to Non-Participating Non-controlling Interest $ 6 $ 100 $ 32 $ 200
[1] Conformed to current period presentation.
[2] For the three month periods ended September 30, 2015 and 2014, excludes net increase (decrease) in equity resulting from operations of $6 thousand and $0.1 million, respectively attributable to joint venture partners, which have non-participating interests as described in Note 9. For the nine month periods ended September 30, 2015 and 2014, excludes net increase in equity resulting from operations of $32 thousand and $0.2 million, 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 nine month periods ended September 30, 2015 and 2014, dividends totaling $1.95 and $2.31, respectively, per common share and convertible unit outstanding, were declared and paid.