Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2018

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,
	2018			2017
(In thousands except share amounts)
Net increase in shareholders' equity resulting from operations	$	21,039		$	15,278
Add: Net increase in equity resulting from operations attributable to the participating non-controlling interest(1)	142			99
Net increase in equity resulting from operations related to common shares, LTIP Unit holders, and participating non-controlling interest	21,181			15,377
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	20,709			15,059
Net increase in shareholders' equity resulting from operations– LTIP Units	330			219
Dividends Paid(2):
Common shareholders	(12,562		)	(14,515		)
LTIP Unit holders	(201		)	(211		)
Non-controlling interest	(87		)	(95		)
Total dividends paid to common shareholders, LTIP Unit holders, and non-controlling interest	(12,850		)	(14,821		)
Undistributed (Distributed in excess of) earnings:
Common shareholders	8,147			544
LTIP Unit holders	129			8
Non-controlling interest	55			4
Total undistributed (distributed in excess of) earnings attributable to common shareholders, LTIP Unit holders, and non-controlling interest	$	8,331		$	556
Weighted average shares outstanding (basic and diluted):
Weighted average common shares outstanding	30,830,615			32,248,613
Weighted average participating LTIP Units	491,638			469,539
Weighted average non-controlling interest units	212,000			212,000
Basic earnings per common share:
Distributed	$	0.41		$	0.45
Undistributed (Distributed in excess of)	0.26			0.02
	$	0.67		$	0.47
Diluted earnings per common share:
Distributed	$	0.41		$	0.45
Undistributed (Distributed in excess of)	0.26			0.02
	$	0.67		$	0.47

(1) For the three month periods ended March 31, 2018 and 2017, excludes net increase in equity resulting from operations of $0.1 million and $0.4 million, respectively attributable to joint venture partners, which have non-participating interests as described in Note 11.

(2) 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.