Three Months Ended

September 30,

Nine Months Ended

September 30,

2013

2012

2013

2012

Computation of Basic Earnings Per Share:

Income from continuing operations

$

42,176

$

43,724

$

186,404

$

170,314

Gain on sale of operating properties, net of tax

540

-

1,080

4,059

Net income attributable to noncontrolling interests

(1,425

)

(2,143

)

(6,296

)

(10,928

)

Discontinued operations attributable to noncontrolling interests

11

(814

)

39

1,586

Preferred stock redemption costs

-

(6,213

)

-

(6,213

)

Preferred stock dividends

(14,573

)

(21,622

)

(43,720

)

(58,037

)

Income from continuing operations available to the common shareholders

26,729

12,932

137,507

100,781

Earnings attributable to unvested restricted shares

(337

)

(298

)

(1,011

)

(893

)

Income from continuing operations attributable to common shareholders

26,392

12,634

136,496

99,888

Income/(loss) from discontinued operations attributable to the Company

14,461

14,174

(6,555

)

12,661

Net income attributable to the Company’s common shareholders for basic earnings per share

$

40,853

26,808

129,941

112,549

Weighted average common shares outstanding

408,060

405,810

407,459

405,880

Basic Earnings Per Share Attributable to the Company’s Common Shareholders:

Income from continuing operations

$

0.06

$

0.03

$

0.33

$

0.25

Income/(loss) from discontinued operations

0.04

(0.01

)

0.03

Net income

$

0.10

$

0.07

$

0.32

$

0.28

Computation of Diluted Earnings Per Share:

Income from continuing operations attributable to common shareholders

$

26,392

$

12,634

$

136,496

$

99,888

Income/(loss) from discontinued operations attributable to the Company

14,461

14,174

(6,555

)

12,661

Net income attributable to the Company’s common shareholders for diluted earnings per share

$

40,853

$

26,808

$

129,941

$

112,549

Weighted average common shares outstanding – basic

408,060

405,810

407,459

405,880

Effect of dilutive securities (a):

Equity awards

806

937

1,051

770

Shares for diluted earnings per common share

408,866

406,747

408,510

406,650

Diluted Earnings Per Share Attributable to the Company’s Common Shareholders:

Income from continuing operations

$

0.06

$

0.03

$

0.33

$

0.25

Income/(loss) from discontinued operations

0.04

(0.01

)

0.03

Net income

$

0.10

$

0.07

$

0.32

$

0.28