The Trust has calculated earnings per share in accordance with relevant accounting guidance for participating securities and the two class method. The reconciliation of earnings attributable to Common Shares outstanding for the basic and diluted earnings per share calculation is as follows (in thousands, except per share data):


	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
Basic
Income from continuing operations	$	1,177		$	2,562		$	11,063		$	9,609
Loss attributable to non-controlling interest		629			473			1,424			1,374
Preferred dividend of Series D Preferred Shares		(2,786	)		(2,787	)		(5,573	)		(3,712	)
Dividend of restricted shares		(98	)		—			(114	)		—

Income (loss) from continuing operations applicable to Common Shares		(1,078	)		248			6,800			7,271
Income from discontinued operations		6,568			323			9,633			628
Allocation of undistributed earnings to Restricted Shares		—			—			(10	)		—

Net income applicable to Common Shares for earnings per share purposes	$	5,490		$	571		$	16,423		$	7,899


Basic weighted-average Common Shares		33,037			33,064			33,032			33,058


Income (loss) from continuing operations	$	(0.03	)	$	0.01		$	0.21		$	0.22
Income from discontinued operations		0.20			0.01			0.29			0.02

Earnings per Common Share - Basic	$	0.17		$	0.02		$	0.50		$	0.24


Diluted
Income (loss) from continuing operations	$	1,177		$	2,562		$	11,063		$	9,609
Loss attributable to non-controlling interest		629			473			1,424			1,374
Preferred dividend of Series D Preferred Shares		(2,786	)		(2,787	)		(5,573	)		(3,712	)
Amount allocated to restricted shares		(98	)		—			(114	)		—

Income from continuing operations applicable to Common Shares		(1,078	)		248			6,800			7,271
Income from discontinued operations		6,568			323			9,633			628
Allocation of undistributed earnings to Restricted Shares		—			—			(10	)		—

Net income applicable to Common Shares for earnings per share purposes	$	5,490		$	571		$	16,423		$	7,899


Basic weighted-average Common Shares		33,037			33,064			33,032			33,058
Stock options (1)		—			—			2			—
Restricted shares (2)		—			—			7			—

Diluted weighted-average Common Shares		33,037			33,064			33,041			33,058


Income (loss) from continuing operations	$	(0.03	)	$	0.01		$	0.21		$	0.22
Income from discontinued operations		0.20			0.01			0.29			0.02

Earnings per Common Share - Diluted	$	0.17		$	0.02		$	0.50		$	0.24

(1)	The Trust’s outstanding stock options were dilutive for the three and six months ended June 30, 2013 and 2012. The weighted-average stock options for the three and six months ended June 30, 2012 was less than one thousand shares.

(2)	The Trust’s restricted stock was dilutive for the three and six months ended June 30, 2013.