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Beneficiaries Equity of the Parent Company (Tables)
6 Months Ended
Jun. 30, 2018
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,

 

 

2018

 

 

2017

 

 

Basic

 

 

Diluted

 

 

Basic

 

 

Diluted

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

$

13,136

 

 

$

13,136

 

 

$

7,698

 

 

$

7,698

 

Net income attributable to noncontrolling interests

 

(130

)

 

 

(130

)

 

 

(45

)

 

 

(45

)

Nonforfeitable dividends allocated to unvested restricted shareholders

 

(86

)

 

 

(86

)

 

 

(73

)

 

 

(73

)

Preferred share dividends

 

-

 

 

 

-

 

 

 

(307

)

 

 

(307

)

Preferred share redemption charge

 

-

 

 

 

-

 

 

 

(3,181

)

 

 

(3,181

)

Net income attributable to common shareholders

$

12,920

 

 

$

12,920

 

 

$

4,092

 

 

$

4,092

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

178,547,555

 

 

 

178,547,555

 

 

 

175,333,300

 

 

 

175,333,300

 

Contingent securities/Share based compensation

 

-

 

 

 

1,144,781

 

 

 

-

 

 

 

1,423,298

 

Weighted-average shares outstanding

 

178,547,555

 

 

 

179,692,336

 

 

 

175,333,300

 

 

 

176,756,598

 

Earnings per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to common shareholders

$

0.07

 

 

$

0.07

 

 

$

0.02

 

 

$

0.02

 

 

 

Six-month periods ended June 30,

 

 

2018

 

 

2017

 

 

Basic

 

 

Diluted

 

 

Basic

 

 

Diluted

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

$

57,841

 

 

$

57,841

 

 

$

28,969

 

 

$

28,969

 

Net income attributable to noncontrolling interests

 

(506

)

 

 

(506

)

 

 

(214

)

 

 

(214

)

Nonforfeitable dividends allocated to unvested restricted shareholders

 

(200

)

 

 

(200

)

 

 

(172

)

 

 

(172

)

Preferred share dividends

 

-

 

 

 

-

 

 

 

(2,032

)

 

 

(2,032

)

Preferred share redemption charge

 

-

 

 

 

-

 

 

 

(3,181

)

 

 

(3,181

)

Net income attributable to common shareholders

$

57,135

 

 

$

57,135

 

 

$

23,370

 

 

$

23,370

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

178,471,960

 

 

 

178,471,960

 

 

 

175,255,564

 

 

 

175,255,564

 

Contingent securities/Share based compensation

 

-

 

 

 

1,268,730

 

 

 

-

 

 

 

1,224,816

 

Weighted-average shares outstanding

 

178,471,960

 

 

 

179,740,690

 

 

 

175,255,564

 

 

 

176,480,380

 

Earnings per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to common shareholders

$

0.32

 

 

$

0.32

 

 

$

0.13

 

 

$

0.13