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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Reconciliation Of Earnings Per Share





 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



Three Months Ended September 30,

 

Nine Months Ended September 30,

 



 

2017

 

 

2016

 

 

2017

 

 

2016

 

NUMERATOR:

 

 

 

 

 

 

 

 

 

 

 

 

Basic and Diluted*

 

 

 

 

 

 

 

 

 

 

 

 

Net Income

$

 3,263 

 

$

 8,205 

 

$

 114,006 

 

$

 114,745 

 

Loss (Income) allocated to Noncontrolling Interests

 

 90 

 

 

 (211)

 

 

 (5,849)

 

 

 (4,273)

 

Distributions to Preferred Shareholders

 

 (6,040)

 

 

 (4,417)

 

 

 (18,124)

 

 

 (12,006)

 

Dividends Paid on Unvested Restricted Shares and LTIP Units

 

 (90)

 

 

 (119)

 

 

 (286)

 

 

 (376)

 

Extinguishment of Issuance Costs Upon Redemption of Series B Preferred Shares

 

 -

 

 

 -

 

 

 -

 

 

 (4,021)

 

Net (Loss) Income attributable to Common Shareholders

$

 (2,777)

 

$

 3,458 

 

$

 89,747 

 

$

 94,069 

 



 

 

 

 

 

 

 

 

 

 

 

 

DENOMINATOR:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares - basic

 

 41,721,425 

 

 

 42,309,044 

 

 

 41,725,159 

 

 

 43,368,153 

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Restricted Stock Awards and LTIP Units (unvested)

 

 -

 

 

 241,771 

 

 

 195,645 

 

 

 227,572 

 

Contingently Issued Shares and Units

 

 -

 

 

 195,049 

 

 

 304,434 

 

 

 273,568 

 

Weighted average number of common shares - diluted

 

 41,721,425 

 

 

 42,745,864 

 

 

 42,225,238 

 

 

 43,869,293 

 



*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.