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Partners Equity of the Operating Partnership (Tables)
6 Months Ended
Jun. 30, 2015
Equity [Abstract]  
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):
 
Three-month periods ended June 30,
 
2015
 
2014
 
Basic
 
Diluted
 
Basic
 
Diluted
Numerator
 
 
 
 
 
 
 
Income from continuing operations
$
3,058

 
$
3,058

 
$
1,245

 
$
1,245

Nonforfeitable dividends allocated to unvested restricted unitholders
(76
)
 
(76
)
 
(83
)
 
(83
)
Preferred unit dividends
(1,725
)
 
(1,725
)
 
(1,725
)
 
(1,725
)
Net loss attributable to non-controlling interests
5

 
5

 
24

 
24

Loss from continuing operations available to common unitholders
1,262

 
1,262

 
(539
)
 
(539
)
Discontinued operations attributable to common unitholders

 

 
929

 
929

Net income attributable to common unitholders
$
1,262

 
$
1,262

 
$
390

 
$
390

Denominator
 
 
 
 
 
 
 
Weighted-average units outstanding
181,395,386

 
181,395,386

 
158,801,087

 
158,801,087

Contingent securities/Share based compensation

 
678,603

 

 

Total weighted-average units outstanding
181,395,386

 
182,073,989

 
158,801,087

 
158,801,087

Earnings per Common Partnership Unit:
 
 
 
 
 
 
 
Income from continuing operations attributable to common unitholders
$
0.01

 
$
0.01

 
$

 
$

Discontinued operations attributable to common unitholders

 

 

 

Net income attributable to common unitholders
$
0.01

 
$
0.01

 
$

 
$

 
 
 
 
 
 
 
 
 
Six-month periods ended June 30,
 
2015
 
2014
 
Basic
 
Diluted
 
Basic
 
Diluted
Numerator
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
11,652

 
$
11,652

 
$
(992
)
 
$
(992
)
Amount allocable to unvested restricted unitholders
(177
)
 
(177
)
 
(186
)
 
(186
)
Preferred unit dividends
(3,450
)
 
(3,450
)
 
(3,450
)
 
(3,450
)
Net income attributable to non-controlling interests
5

 
5

 
12

 
12

Income (loss) from continuing operations available to common unitholders
8,030

 
8,030

 
(4,616
)
 
(4,616
)
Discontinued operations attributable to common unitholders

 

 
921

 
921

Net income (loss) attributable to common unitholders
$
8,030

 
$
8,030

 
$
(3,695
)
 
$
(3,695
)
Denominator
 
 
 
 
 
 
 
Weighted-average units outstanding
181,247,530

 
181,247,530

 
158,680,095

 
158,680,095

Contingent securities/Share based compensation

 
886,837

 

 

Total weighted-average units outstanding
181,247,530

 
182,134,367

 
158,680,095

 
158,680,095

Earnings per Common Partnership Unit:
 
 
 
 
 
 
 
Income (loss) from continuing operations attributable to common unitholders
$
0.04

 
$
0.04

 
$
(0.03
)
 
$
(0.03
)
Discontinued operations attributable to common unitholders

 

 
0.01

 
0.01

Net income (loss) attributable to common unitholders
$
0.04

 
$
0.04

 
$
(0.02
)
 
$
(0.02
)