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Earnings per Share and Unit (Tables)
12 Months Ended
Dec. 31, 2013
Parent Company [Member]
 
Schedule of Earnings Per Share, Basic and Diluted
Parent Company Earnings per Share
The following summarizes the calculation of basic and diluted earnings per share for the years ended December 31, 2013, 2012, and 2011, respectively (in thousands except per share data): 
 
 
2013
 
2012
 
2011
Numerator:
 
 
 
 
 
 
Continuing Operations
 
 
 
 
 
 
Income from continuing operations
$
84,297

 
45,779

 
36,805

Gain on sale of real estate
 
1,703

 
2,158

 
2,404

Less: income attributable to noncontrolling interests
 
1,360

 
385

 
4,385

Income from continuing operations attributable to the Company
 
84,640

 
47,552

 
34,824

Less: preferred stock dividends
 
21,062

 
32,531

 
19,675

Less: dividends paid on unvested restricted stock
 
448

 
572

 
615

Income from continuing operations attributable to common stockholders - basic
 
63,130

 
14,449

 
14,534

Add: dividends paid on Treasury Method restricted stock
 
45

 
71

 
18

Income from continuing operations attributable to common stockholders - diluted
 
63,175

 
14,520

 
14,552

Discontinued Operations
 
 
 
 
 
 
Income (loss) from discontinued operations
 
65,285

 
(21,728
)
 
16,579

Less: income from discontinued operations attributable to noncontrolling interests
 
121

 
(43
)
 
33

Income from discontinued operations attributable to the Company
 
65,164

 
(21,685
)
 
16,546

Net Income
 
 
 
 
 
 
Net income attributable to common stockholders - basic
 
128,294

 
(7,236
)
 
31,080

Net income attributable to common stockholders - diluted
$
128,339

 
(7,165
)
 
31,098

Denominator:
 
 
 
 
 
 
Weighted average common shares outstanding for basic EPS
 
91,383

 
89,630

 
87,825

Incremental shares to be issued under common stock options
 
2

 

 

Incremental shares to be issued under unvested restricted stock
 
24

 
39

 
10

Incremental shares under Forward Equity Offering
 

 

 
424

Weighted average common shares outstanding for diluted EPS
 
91,409

 
89,669

 
88,259

Income per common share – basic
 
 
 
 
 
 
Continuing operations
$
0.69

 
0.16

 
0.16

Discontinued operations
 
0.71

 
(0.24
)
 
0.19

Net income (loss) attributable to common stockholders
$
1.40

 
(0.08
)
 
0.35

Income per common share – diluted
 
 
 
 
 
 
Continuing operations
$
0.69

 
0.16

 
0.16

Discontinued operations
 
0.71

 
(0.24
)
 
0.19

Net income (loss) attributable to common stockholders
$
1.40

 
(0.08
)
 
0.35

Partnership Interest [Member]
 
Schedule of Earnings Per Share, Basic and Diluted
Operating Partnership Earnings per Unit
The following summarizes the calculation of basic and diluted earnings per unit for the periods ended December 31, 2013, 2012, and 2011 respectively (in thousands except per unit data): 
 
 
2013
 
2012
 
2011
Numerator:
 
 
 
 
 
 
Continuing Operations
 
 
 
 
 
 
Income from continuing operations
$
84,297

 
45,779

 
36,805

Gain on sale of real estate
 
1,703

 
2,158

 
2,404

Less: income attributable to noncontrolling interests
 
1,084

 
908

 
557

Income from continuing operations attributable to the Partnership
 
84,916

 
47,029

 
38,652

Less: preferred unit distributions
 
21,062

 
31,902

 
23,400

Less: dividends paid on unvested restricted units
 
448

 
572

 
615

Income from continuing operations attributable to common unit holders - basic
 
63,406

 
14,555

 
14,637

Add: dividends paid on Treasury Method restricted units
 
45

 
71

 
18

Income from continuing operations attributable to common unit holders - diluted
 
63,451

 
14,626

 
14,655

Discontinued Operations
 
 
 
 
 
 
Income (loss) from discontinued operations
 
65,285

 
(21,728
)
 
16,579

Less: income from discontinued operations attributable to noncontrolling interests
 
121

 
(43
)
 
33

Income from discontinued operations attributable to the Partnership
 
65,164

 
(21,685
)
 
16,546

Net Income
 
 
 
 
 
 
Net income attributable to common unit holders - basic
 
128,570

 
(7,130
)
 
31,183

Net income attributable to common unit holders - diluted
$
128,615

 
(7,059
)
 
31,201

Denominator:
 
 
 
 
 
 
Weighted average common units outstanding for basic EPU
 
91,555

 
89,808

 
88,002

Incremental units to be issued under common stock options
 
2

 

 

Incremental units to be issued under unvested restricted stock
 
24

 
39

 
10

Incremental units to be issued under Forward Equity Offering
 

 

 
424

Weighted average common units outstanding for diluted EPU
 
91,581

 
89,847

 
88,436

Income (loss) per common unit – basic
 
 
 
 
 
 
Continuing operations
$
0.69

 
0.16

 
0.16

Discontinued operations
 
0.71

 
(0.24
)
 
0.19

Net income (loss) attributable to common unit holders
$
1.40

 
(0.08
)
 
0.35

Income (loss) per common unit – diluted
 
 
 
 
 
 
Continuing operations
$
0.69

 
0.16

 
0.16

Discontinued operations
 
0.71

 
(0.24
)
 
0.19

Net income (loss) attributable to common unit holders
$
1.40

 
(0.08
)
 
0.35