PARTNERS’ EQUITY OF THE OPERATING PARTNERSHIP

Earnings per Common Partnership Unit

The following tables detail the number of units and net income used to calculate basic and diluted earnings per common partnership unit (in thousands, except unit and per unit amounts; results may not add due to rounding):



	Year ended December 31,
	2013						2012						2011
	Basic			Diluted			Basic			Diluted			Basic			Diluted
Numerator
Income (loss) from continuing operations	$	38,982		$	38,982		$	(37,309	)	$	(37,309	)	$	(24,556	)	$	(24,556	)
Amount allocable to unvested restricted unitholders	(363		)	(363		)	(376		)	(376		)	(505		)	(505		)
Preferred unit dividends	(6,900		)	(6,900		)	(10,405		)	(10,405		)	(7,992		)	(7,992		)
Preferred unit redemption charge	—			—			(4,052		)	(4,052		)	—			—
Income (loss) from continuing operations available to common unitholders	31,719			31,719			(52,142		)	(52,142		)	(33,053		)	(33,053		)
Discontinued operations attributable to common unitholders	4,207			4,207			43,838			43,838			19,841			19,841
Net income (loss) attributable to common unitholders	$	35,926		$	35,926		$	(8,304	)	$	(8,304	)	$	(13,212	)	$	(13,212	)
Denominator
Weighted-average units outstanding	154,929,545			154,929,545			145,883,217			145,883,217			145,118,841			145,118,841
Contingent securities/Share based compensation	—			1,273,853			—			—			—			—
Total weighted-average units outstanding	154,929,545			156,203,398			145,883,217			145,883,217			145,118,841			145,118,841
Earnings per Common Partnership Unit:
Income (loss) from continuing operations attributable to common unitholders	$	0.20		$	0.20		$	(0.36	)	$	(0.36	)	$	(0.23	)	$	(0.23	)
Discontinued operations attributable to common unitholders	0.03			0.03			0.30			0.30			0.14			0.14
Net income (loss) attributable to common unitholders	$	0.23		$	0.23		$	(0.06	)	$	(0.06	)	$	(0.09	)	$	(0.09	)