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Beneficiaries Equity of the Parent Company (Tables)
 6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Earnings Per Share (EPS), Basic and Diluted

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 June 30,

 

 

2017

 

 

2016

 

 

Basic

 

 

Diluted

 

 

Basic

 

 

Diluted

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

$

7,698

 

 

$

7,698

 

 

$

(1,323

)

 

$

(1,323

)

Net (income) loss from continuing operations attributable to non-controlling interests

 

(45

)

 

 

(45

)

 

 

22

 

 

 

22

 

Nonforfeitable dividends allocated to unvested restricted shareholders

 

(73

)

 

 

(73

)

 

 

(79

)

 

 

(79

)

Preferred share dividends

 

(307

)

 

 

(307

)

 

 

(1,725

)

 

 

(1,725

)

Preferred share redemption charge

 

(3,181

)

 

 

(3,181

)

 

 

-

 

 

 

-

 

Net income (loss) attributable to common shareholders

$

4,092

 

 

$

4,092

 

 

$

(3,105

)

 

$

(3,105

)

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

175,333,300

 

 

 

175,333,300

 

 

 

175,013,291

 

 

 

175,013,291

 

Contingent securities/Share based compensation

 

-

 

 

 

1,423,298

 

 

 

-

 

 

 

-

 

Weighted-average shares outstanding

 

175,333,300

 

 

 

176,756,598

 

 

 

175,013,291

 

 

 

175,013,291

 

Earnings per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to common shareholders

$

0.02

 

 

$

0.02

 

 

$

(0.02

)

 

$

(0.02

)

 

 

Six-month periods ended June 30,

 

 

2017

 

 

2016

 

 

Basic

 

 

Diluted

 

 

Basic

 

 

Diluted

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

$

28,969

 

 

$

28,969

 

 

$

44,987

 

 

$

44,987

 

Net income from continuing operations attributable to non-controlling interests

 

(214

)

 

 

(214

)

 

 

(367

)

 

 

(367

)

Nonforfeitable dividends allocated to unvested restricted shareholders

 

(172

)

 

 

(172

)

 

 

(184

)

 

 

(184

)

Preferred share dividends

 

(2,032

)

 

 

(2,032

)

 

 

(3,450

)

 

 

(3,450

)

Preferred share redemption charge

 

(3,181

)

 

 

(3,181

)

 

 

-

 

 

 

-

 

Net income attributable to common shareholders

$

23,370

 

 

$

23,370

 

 

$

40,986

 

 

$

40,986

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

175,255,564

 

 

 

175,255,564

 

 

 

174,901,118

 

 

 

174,901,118

 

Contingent securities/Share based compensation

 

-

 

 

 

1,224,816

 

 

 

-

 

 

 

922,852

 

Weighted-average shares outstanding

 

175,255,564

 

 

 

176,480,380

 

 

 

174,901,118

 

 

 

175,823,970

 

Earnings per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to common shareholders

$

0.13

 

 

$

0.13

 

 

$

0.23

 

 

$

0.23