Summary of Significant Accounting Policies (Table)

12 Months Ended

Dec. 31, 2014

Summary of Significant Accounting Policies and Procedures and Recent Accounting Pronouncements

Schedule of reconciliation of the denominator of the basic net income per common share computation to the denominator of the diluted net income per common share computation

	2014	2013	2012
Weighted average shares used for the basic net income per share computation	218,390,885	191,754,857	132,817,472
Incremental shares from share-based compensation	59,978	26,765	67,461
Weighted average partnership common units convertible to common shares that were dilutive	317,022	-	-
Weighted average shares used for diluted net income per share computation	218,767,885	191,781,622	132,884,933
Unvested shares from share-based compensation that were anti-dilutive	51,749	59,629	17,570
Weighted average partnership common units convertible to common shares that were anti-dilutive	523,847	851,568	-

Summary of income from discontinued operations on consolidated statements of income

The following is a summary of income from discontinued operations on our consolidated statements of income (dollars in thousands):

Income from discontinued operations	2014			2013			2012
Gain on sales of real estate	$	2,883		$	64,743		$	9,873
Rental revenue	112			5,475			14,615
Tenant reimbursements	1			146			379
Other revenue	-			419			282
Depreciation and amortization	-			(1,569		)	(3,724		)
Property expenses (including reimbursable)	(184		)	(916		)	(2,529		)
Provisions for impairment	(510		)	(2,738		)	(1,500		)
Crest’s income (loss) from discontinued operations	498			110			(139		)
Income from discontinued operations	$	2,800		$	65,670		$	17,257
Per common share, basic and diluted	$	0.01		$	0.34		$	0.13