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Net Income (Loss) Per Share/Unit (Tables)
3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Summary of Basic and Diluted Net Loss Per Share
The following is a summary of the basic and diluted net income (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 months ended March 31, 2018 and 2017 (dollar amounts in thousands):
 
 
Three Months Ended March 31,
 
 
2018
 
2017
Income from continuing operations
 
$
29,036

 
$
11,935

Noncontrolling interests’ share in continuing operations
 
40

 
7

Net income from continuing operations attributable to the Operating Partnership
 
29,076

 
11,942

Dividends to preferred units
 
(17,973
)
 
(17,973
)
Net income (loss) from continuing operations available to the Operating Partnership
 
11,103

 
(6,031
)
Earnings allocated to participating units
 
(11
)
 
(178
)
Income from discontinued operations, net of income taxes
 
3,501

 
2,855

Net income (loss) available to common unitholders used in basic and diluted net loss per unit
 
$
14,593

 
$
(3,354
)
 
 
 
 
 
Weighted average number of common units outstanding - basic
 
996,411,540

 
997,597,957

Dilutive potential common shares - equity awards
 
295,797

 

Weighted average number of common units - diluted
 
996,707,337

 
997,597,957

 
 
 
 
 
Basic and diluted net income (loss) per unit from continuing operations attributable to common unitholders
 
$
0.01

 
$
(0.01
)
Basic and diluted net income per unit from discontinued operations attributable to common unitholders
 
$
0.00

 
$
0.00

Basic and diluted net income (loss) per unit attributable to common unitholders
 
$
0.01

 
$
(0.00
)
The following is a summary of the basic and diluted net income (loss) per share computation for the General Partner for the three months ended March 31, 2018 and 2017 (dollar amounts in thousands):
 
 
Three Months Ended March 31,
 
 
2018

2017
Income from continuing operations
 
$
29,036

 
$
11,935

Noncontrolling interests’ share in continuing operations
 
(658
)
 
(283
)
Net income from continuing operations attributable to the General Partner
 
28,378

 
11,652

Dividends to preferred shares and units
 
(17,973
)
 
(17,973
)
Net income (loss) from continuing operations available to the General Partner
 
10,405

 
(6,321
)
Earnings allocated to participating securities
 
(11
)
 
(178
)
Income from discontinued operations, net of income taxes
 
3,501

 
2,855

Income from discontinued operations attributable to limited partners
 
(84
)
 
(69
)
Net income (loss) available to common stockholders used in basic net income (loss) per share
 
13,811

 
(3,713
)
Income attributable to limited partners
 
782

 

Net income (loss) available to common stockholders used in diluted net income (loss) per share
 
$
14,593

 
$
(3,713
)
 
 
 
 
 
Weighted average number of common stock outstanding - basic
 
972,663,193

 
973,849,610

Dilutive potential common shares - OP Units
 
23,748,347

 

Dilutive potential common shares - equity awards
 
295,797

 

Weighted average number of common shares - diluted
 
996,707,337

 
973,849,610

 
 
 
 
 
Basic and diluted net income (loss) per share from continuing operations attributable to common stockholders
 
$
0.01

 
$
(0.01
)
Basic and diluted net income per share from discontinued operations attributable to common stockholders
 
$
0.00

 
$
0.00

Basic and diluted net income (loss) per share attributable to common stockholders
 
$
0.01

 
$
(0.00
)