Computations of basic and diluted earnings per share for the three months ended March 31, 2013 and 2012 (in thousands, except share data) were as follows:


	Three Months Ended
	March 31, 2013			March 31, 2012
Basic earnings per share:
Net income	$	324		$	433
Preferred dividends		(2,744	)		(2,121	)
Allocation to participating securities		(121	)		(152	)
Loss from operations attributable to non-controlling interests		(28	)		5

Net loss applicable to the common stockholders	$	(2,569	)	$	(1,835	)

Net loss attributable to the common stockholders	$	(2,448	)	$	(1,683	)
Allocation to participating securities		(121	)		(152	)

Net loss applicable to the common stockholders	$	(2,569	)	$	(1,835	)

Weighted-average common shares outstanding:
Basic and diluted		45,352,489			37,761,446

Basic and diluted earnings per share:
Net loss per share attributable to the common stockholders	$	(0.06	)	$	(0.06	)