Net Income (Loss) Per Share/Unit (Tables)

3 Months Ended

Mar. 31, 2019

Summary of Basic and Diluted Net Loss Per Share

The following is a summary of the basic and diluted net income per unit attributable to common unitholders, which includes all common General Partner unitholders and limited partner unitholders, for the three months ended March 31, 2019 and 2018 (dollar amounts in thousands):



	Three Months Ended March 31,
	2019			2018
Income from continuing operations	$	70,971		$	29,036
Noncontrolling interests’ share in continuing operations	28			40
Net income from continuing operations attributable to the Operating Partnership	$	70,999		$	29,076
Dividends to preferred units	(17,973		)	(17,973		)
Net income from continuing operations available to the Operating Partnership	53,026			11,103
Earnings allocated to participating units	—			(11		)
Income from discontinued operations, net of income taxes	—			3,501
Net income available to common unitholders used in basic and diluted net income per unit	$	53,026		$	14,593

Weighted average number of common units outstanding - basic	992,176,204			996,411,540
Effect of dilutive securities	1,122,110			295,797
Weighted average number of common units - diluted	993,298,314			996,707,337

Basic and diluted net income per unit from continuing operations attributable to common unitholders	$	0.05		$	0.01
Basic and diluted net income per unit from discontinued operations attributable to common unitholders	$	—		$	0.00
Basic and diluted net income per unit attributable to common unitholders	$	0.05		$	0.01

The following is a summary of the basic and diluted net income per share computation for the General Partner for the three months ended March 31, 2019 and 2018 (dollar amounts in thousands):



	Three Months Ended March 31,
	2019			2018
Income from continuing operations	$	70,971		$	29,036
Noncontrolling interests’ share in continuing operations	(1,667		)	(658		)
Net income from continuing operations attributable to the General Partner	69,304			28,378
Dividends to preferred shares and units	(17,973		)	(17,973		)
Net income from continuing operations available to the General Partner	51,331			10,405
Earnings allocated to participating securities	—			(11		)
Income from discontinued operations, net of income taxes	—			3,501
Income from discontinued operations attributable to limited partners	—			(84		)
Net income available to common stockholders used in basic net income per share	51,331			13,811
Income attributable to limited partners	1,695			782
Net income available to common stockholders used in basic and diluted net income per share	$	53,026		$	14,593

Weighted average number of Common Stock outstanding - basic	968,460,296			972,663,193
Effect of Limited Partner OP Units and dilutive securities	24,838,018			24,044,144
Weighted average number of common shares - diluted	993,298,314			996,707,337

Basic and diluted net income per share from continuing operations attributable to common stockholders	$	0.05		$	0.01
Basic and diluted net income per share from discontinued operations attributable to common stockholders	$	—		$	0.00
Basic and diluted net income per share attributable to common stockholders	$	0.05		$	0.01

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following were excluded from diluted net income per unit attributable to common unitholders, as the effect would have been antidilutive:

The following were excluded from diluted net income per share attributable to common stockholders, as the effect would have been antidilutive:

Three Months Ended March 31,

Weighted average unvested Restricted Shares