Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2017



	Three Months Ended June 30,				Six Months Ended June 30,
		2017		2016		2017		2016
NUMERATOR:
Basic and Diluted*
Net Income	$	84,788	$	114,959	$	110,743	$	106,540
Income allocated to Noncontrolling Interests		(4,758)		(4,748)		(5,939)		(4,061)
Distributions to Preferred Shareholders		(6,042)		(4,000)		(12,084)		(7,589)
Dividends Paid on Unvested Restricted Shares and LTIP Units		(81)		(112)		(196)		(257)
Extinguishment of Issuance Costs Upon Redemption of Series B Preferred Shares		-		(4,021)		-		(4,021)
Net Income (Loss) attributable to Common Shareholders	$	73,907	$	102,078	$	92,524	$	90,612

DENOMINATOR:
Weighted average number of common shares - basic		41,737,044		43,427,726		41,727,056		43,903,526
Effect of dilutive securities:
Restricted Stock Awards and LTIP Units (unvested)		238,465		264,176		195,112		183,458
Contingently Issued Shares and Units		232,332		171,675		278,958		297,985
Weighted average number of common shares - diluted		42,207,841		43,863,577		42,201,126		44,384,969

*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.