EARNINGS (LOSS) PER SHARE/UNIT (Tables)

3 Months Ended

Mar. 31, 2014

EARNINGS (LOSS) PER SHARE/UNIT

Summary of components used to calculate basic and diluted earnings per share

A summary of the components used to calculate basic and diluted earnings per share follows (in thousands, except per share):

	For the Three Months Ended March 31,
	2014			2013
Numerator:
Income from continuing operations	$	2,947		$	1,526
Less: Preferred dividends	4,147			2,452
Allocation to participating securities	15			21
Attributable to noncontrolling interest	(138		)	(83		)
Loss from continuing operations attributable to common stockholders	(1,077		)	(864		)
Income from discontinued operations attributable to common stockholders	373			339
Net loss attributable to common stockholders	$	(704	)	$	(525	)
Denominator:
Weighted average common shares outstanding - basic	85,097			62,684
Dilutive effect of equity-based compensation awards	430			266
Weighted average common shares outstanding - diluted	85,527			62,950
Earnings per common share - basic and diluted:
Net loss from continuing operations	$	(0.01	)	$	(0.01	)
Net income (loss) from discontinued operations	—			—
Net loss	$	(0.01	)	$	(0.01	)