Beneficiaries Equity of the Parent Company (Tables)

9 Months Ended

Sep. 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 September 30,
	2017						2016
	Basic			Diluted			Basic			Diluted
Numerator
Income from continuing operations	$	19,046		$	19,046		$	7,884		$	7,884
Net income from continuing operations attributable to non-controlling interests		(170	)		(170	)		(58	)		(58	)
Nonforfeitable dividends allocated to unvested restricted shareholders		(73	)		(73	)		(79	)		(79	)
Preferred share dividends		-			-			(1,725	)		(1,725	)
Net income attributable to common shareholders	$	18,803		$	18,803		$	6,022		$	6,022
Denominator
Weighted-average shares outstanding		175,433,657			175,433,657			175,127,110			175,127,110
Contingent securities/Share based compensation		-			1,401,365			-			1,237,505
Weighted-average shares outstanding		175,433,657			176,835,022			175,127,110			176,364,615
Earnings per Common Share:
Net income attributable to common shareholders	$	0.11		$	0.11		$	0.03		$	0.03

	Nine-month periods ended September 30,
	2017						2016
	Basic			Diluted			Basic			Diluted
Numerator
Income from continuing operations	$	48,015		$	48,015		$	52,871		$	52,871
Net income from continuing operations attributable to non-controlling interests		(384	)		(384	)		(425	)		(425	)
Nonforfeitable dividends allocated to unvested restricted shareholders		(245	)		(245	)		(263	)		(263	)
Preferred share dividends		(2,032	)		(2,032	)		(5,175	)		(5,175	)
Preferred share redemption charge		(3,181	)		(3,181	)		-			-
Net income attributable to common shareholders	$	42,173		$	42,173		$	47,008		$	47,008
Denominator
Weighted-average shares outstanding		175,315,581			175,315,581			174,976,998			174,976,998
Contingent securities/Share based compensation		-			1,283,751			-			1,032,824
Weighted-average shares outstanding		175,315,581			176,599,332			174,976,998			176,009,822
Earnings per Common Share:
Net income attributable to common shareholders	$	0.24		$	0.24		$	0.27		$	0.27