Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Computation of Net Income (Loss) per Share on Basic and Diluted Basis

The following table reflects the computation of net income (loss) per share on a basic and diluted basis for the three and nine months ended September 30, 2016 and 2015 (in thousands, except share data): 

	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2016			2015			2016			2015
Numerator:
Net (loss) income	$	(167	)	$	(19,938	)	$	1,108		$	(36,601	)
Noncontrolling interest	7,316			3,109			10,391			10,795
Dividends on preferred shares	13,669			5,569			26,650			16,707
Net loss attributable to common shareholders	$	(21,152	)	$	(28,616	)	$	(35,933	)	$	(64,103	)
Denominator:
Denominator:
Weighted-average shares	238,401,343			211,414,368			232,036,802			211,460,840
Net loss per share—basic and diluted	$	(0.09	)	$	(0.14	)	$	(0.15	)	$	(0.30	)

Total weighted-average shares for the three and nine months ended September 30, 2016, excludes an aggregate of 81,898,292 shares or units in our operating partnership, participating preferred shares, common shares issuable upon exercise of stock options, restricted stock units and common shares issuable upon the conversion of our exchangeable senior notes from dilutive securities because they were antidilutive due to the net loss attributable to common shareholders in those periods. Total weighted-average shares for the three and nine months ended September 30, 2015, excludes an aggregate of 73,993,944 shares or units in our operating partnership, participating preferred shares, common shares issuable upon exercise of stock options, and restricted stock units from dilutive securities because they were antidilutive due to the net loss attributable to common shareholders in those periods.