Earnings Per Share

3 Months Ended

Mar. 31, 2018

11.	Earnings Per Share

The following table provides a reconciliation of net loss from continuing operations and the number of common shares used in the computations of “basic” earnings per share (“EPS”), which utilizes the weighted-average number of common shares outstanding without regard to dilutive potential common shares, and “diluted” EPS, which includes all such shares (in thousands, except per share amounts):

	Three Months
	Ended March 31,
	2018			2017
Numerators – Basic and Diluted
Loss from continuing operations	$	(63,908	)	$	(92,155	)
Plus: Gain on disposition of real estate		10,011			38,127
Plus: Income attributable to non-controlling interests		(256	)		(213	)
Less: Preferred dividends		(8,383	)		(5,594	)
Less: Earnings attributable to unvested shares and operating partnership units		(203	)		(251	)
Net loss attributable to common shareholders after allocation to participating securities	$	(62,739	)	$	(60,086	)
Denominators – Number of Shares
Basic and Diluted—Average shares outstanding		369,120			366,430
Loss Per Share:
Basic	$	(0.17	)	$	(0.16	)
Diluted	$	(0.17	)	$	(0.16	)