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Net Loss Per Share/Unit
 6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Net Loss Per Share/Unit
Net Loss Per Share/Unit
The General Partner’s unvested Restricted Shares contain non-forfeitable rights to dividends and are considered to be participating securities in accordance with U.S. GAAP and, therefore, are included in the computation of earnings per share under the two-class computation method. Under the two-class computation method, net losses are not allocated to participating securities unless the holder of the security has a contractual obligation to share in the losses. The unvested Restricted Shares are not allocated losses as the awards do not have a contractual obligation to share in losses of the General Partner. The two-class computation method is an earnings allocation formula that determines earnings per share for each class of shares of Common Stock and participating securities according to dividends declared (or accumulated) and participation rights in undistributed earnings.
Net Loss Per Share
The following is a summary of the basic and diluted net loss per share computation for the General Partner for the three and six months ended June 30, 2016 and 2015 (dollar amounts in thousands):
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2016
 
2015
 
2016

2015
Net income (loss) attributable to the General Partner
 
$
3,146

 
$
(106,522
)
 
$
(109,940
)
 
$
(136,492
)
Less: dividends to preferred shares and units and participating securities
 
18,183

 
17,973

 
36,281

 
35,951

Net loss attributable to common stockholders
 
$
(15,037
)
 
$
(124,495
)
 
$
(146,221
)
 
$
(172,443
)
 
 
 
 
 
 
 
 
 
Weighted average number of common stock outstanding - basic and diluted
 
904,107,378

 
903,339,143

 
903,966,552

 
903,168,654

 
 
 
 
 
 
 
 
 
Basic and diluted net loss per share attributable to common stockholders
 
$
(0.02
)

$
(0.14
)

$
(0.16
)

$
(0.19
)

As of June 30, 2016, approximately 4.0 million of unvested Restricted Shares and unvested Restricted Stock Units were excluded from the calculation of diluted net loss per share as the effect would have been antidilutive.
Net Loss Per Unit
The following is a summary of the basic and diluted net loss per unit attributable to common unitholders, which includes all common general partner unitholders and limited partner unitholders. The computation for the OP for the three and six months ended June 30, 2016 and 2015 (dollar amounts in thousands):
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2016
 
2015
 
2016
 
2015
Net loss attributable to the Operating Partnership
 
$
3,229

 
$
(109,322
)
 
$
(112,812
)
 
$
(140,195
)
Less: dividends to preferred units and participating securities
 
18,183

 
17,973

 
36,281

 
35,951

Net loss attributable to common unitholders
 
$
(14,954
)

$
(127,295
)

$
(149,093
)
 
$
(176,146
)
 
 
 
 
 
 
 
 
 
Weighted average number of common units outstanding - basic and diluted
 
927,871,175

 
927,102,940

 
927,730,349

 
926,932,451

 
 
 
 
 
 
 
 
 
 Basic and diluted net loss per unit attributable to common unitholders
 
$
(0.02
)

$
(0.14
)

$
(0.16
)

$
(0.19
)

As of June 30, 2016, approximately 4.0 million shares of unvested restricted units were excluded from the calculation of diluted net loss per unit as the effect would have been antidilutive.