Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2016



	Three Months Ended June 30,				Six Months Ended June 30,
		2016		2015		2016		2015
NUMERATOR:
Basic and Diluted*
Net Income	$	114,959	$	19,626	$	106,540	$	15,237
(Income) loss allocated to Noncontrolling Interests		(4,748)		(405)		(4,061)		38
Distributions to Preferred Shareholders		(4,000)		(3,589)		(7,589)		(7,178)
Dividends Paid on Unvested Restricted Shares and LTIP Units		(112)		(112)		(257)		(253)
Extinguishment of Issuance Costs Upon Redemption of Series B Preferred Stock		(4,021)		-		(4,021)		-
Net Income attributable to Common Shareholders	$	102,078	$	15,520	$	90,612	$	7,844

DENOMINATOR:
Weighted average number of common shares - basic		43,427,726		48,530,716		43,903,526		49,053,846
Effect of dilutive securities:
Restricted Stock Awards and LTIP Units (unvested)		264,176		299,603		183,458		268,053
Contingently Issued Shares		171,675		213,595		297,985		254,423
Weighted average number of common shares - diluted		43,863,577		49,043,914		44,384,969		49,576,322

*Income (loss) allocated to noncontrolling interest in HHLP has been excluded from the numerator and Common Units and Vested LTIP Units have been omitted from the denominator for the purpose of computing diluted earnings per share since including these amounts in the numerator and denominator would have no impact. In addition, potentially dilutive common shares, if any, have been excluded from the denominator if they are anti-dilutive to income (loss) applicable to common shareholders.