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Beneficiaries Equity of the Parent Company (Tables)
9 Months Ended
Sep. 30, 2014
Equity [Abstract]  
Earnings Per Share (EPS), Basic and Diluted
Earnings per Share (EPS)
The following tables detail the number of shares and net income used to calculate basic and diluted earnings per share (in thousands, except share and per share amounts; results may not add due to rounding):
 
Three-month periods ended September 30,
 
2014
 
2013
 
Basic
 
Diluted
 
Basic
 
Diluted
Numerator
 
 
 
 
 
 
 
Income from continuing operations
$
8,885

 
$
8,885

 
$
11,147

 
$
11,147

Loss from continuing operations attributable to non-controlling interests
(84
)
 
(84
)
 
(106
)
 
(106
)
Net income attributable to non-controlling interest — partners' share of consolidated real estate ventures
(24
)
 
(24
)
 

 

Nonforfeitable dividends allocated to unvested restricted shareholders
(82
)
 
(82
)
 
(85
)
 
(85
)
Preferred share dividends
(1,725
)
 
(1,725
)
 
(1,725
)
 
(1,725
)
Income from continuing operations available to common shareholders
6,970

 
6,970

 
9,231

 
9,231

Loss from discontinued operations
(3
)
 
(3
)
 
(59
)
 
(59
)
Discontinued operations attributable to non-controlling interests

 

 
1

 
1

Discontinued operations attributable to common shareholders
(3
)
 
(3
)
 
(58
)
 
(58
)
Net income attributable to common shareholders
$
6,967

 
$
6,967

 
$
9,173

 
$
9,173

Denominator
 
 
 
 
 
 
 
Weighted-average shares outstanding
171,606,722

 
171,606,722

 
156,703,348

 
156,703,348

Contingent securities/Share based compensation

 
1,587,148

 

 
1,288,734

Weighted-average shares outstanding
171,606,722

 
173,193,870

 
156,703,348

 
157,992,082

Earnings per Common Share:
 
 
 
 
 
 
 
Income from continuing operations attributable to common shareholders
$
0.04

 
$
0.04

 
$
0.06

 
$
0.06

Discontinued operations attributable to common shareholders

 

 

 

Net income attributable to common shareholders
$
0.04

 
$
0.04

 
$
0.06

 
$
0.06


 
Nine-month periods ended September 30,
 
2014
 
2013
 
Basic
 
Diluted
 
Basic
 
Diluted
Numerator
 
 
 
 
 
 
 
Income from continuing operations
$
7,893

 
$
7,893

 
$
18,212

 
$
18,212

Income from continuing operations attributable to non-controlling interests
(35
)
 
(35
)
 
(143
)
 
(143
)
Net income attributable to non-controlling interest — partners' share of consolidated real estate ventures
(12
)
 
(12
)
 

 

Nonforfeitable dividends allocated to unvested restricted shareholders
(268
)
 
(268
)
 
(278
)
 
(278
)
Preferred share dividends
(5,175
)
 
(5,175
)
 
(5,175
)
 
(5,175
)
Income from continuing operations available to common shareholders
2,403

 
2,403

 
12,616

 
12,616

Income from discontinued operations
918

 
918

 
3,975

 
3,975

Discontinued operations attributable to non-controlling interests
(10
)
 
(10
)
 
(52
)
 
(52
)
Discontinued operations attributable to common shareholders
908

 
908

 
3,923

 
3,923

Net income attributable to common shareholders
$
3,311

 
$
3,311

 
$
16,539

 
$
16,539

Denominator
 
 
 
 
 
 
 
Weighted-average shares outstanding
161,866,955

 
161,866,955

 
151,933,441

 
151,933,441

Contingent securities/Share based compensation

 
1,487,015

 

 
1,209,384

Weighted-average shares outstanding
161,866,955

 
163,353,970

 
151,933,441

 
153,142,825

Earnings per Common Share:
 

 
 

 
 

 
 

Income from continuing operations attributable to common shareholders
$
0.01

 
$
0.01

 
$
0.08

 
$
0.08

Discontinued operations attributable to common shareholders
0.01

 
0.01

 
0.03

 
0.03

Net income attributable to common shareholders
$
0.02

 
$
0.02

 
$
0.11

 
$
0.11