Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2016

Components of Earnings Per Common Share - Basic and Diluted

Earnings per common share – basic and diluted components for the periods indicated are as follows (in thousands):



	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Numerator:
Income from continuing operations	$	39,229		$	31,956		$	139,357		$	88,279
Gain on sale of property	22,108			13,232			68,298			43,917
Net income attributable to noncontrolling interests	(9,436		)	(1,787		)	(12,864		)	(5,119		)
Dividends on preferred shares	—			—			—			(3,830		)
Redemption costs of preferred shares	—			—			—			(9,687		)
Net income attributable to common shareholders - basic	51,901			43,401			194,791			113,560
Income attributable to operating partnership units	499			472			1,497			—
Net income attributable to common shareholders - diluted	$	52,400		$	43,873		$	196,288		$	113,560
Denominator:
Weighted average shares outstanding – basic	127,304			123,349			125,569			122,929
Effect of dilutive securities:
Share options and awards	1,022			1,222			1,100			1,303
Operating partnership units	1,462			1,462			1,462			—
Weighted average shares outstanding – diluted	129,788			126,033			128,131			124,232

Schedule Of Anti-Dilutive Securities Of Common Shares

Anti-dilutive securities of our common shares, which are excluded from the calculation of earnings per common share – diluted, are as follows (in thousands):



	Three Months Ended September 30,		Nine Months Ended September 30,
	2016	2015	2016	2015
Share options ⁽¹⁾	460	898	460	896
Operating partnership units	—	—	—	1,476
Total anti-dilutive securities	460	898	460	2,372

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(1)	Exclusion results as exercise prices were greater than the average market price for each respective period.