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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2015
Earnings Per Share  
Schedule of amounts used in computing basic and diluted earnings per share

The following table shows the amounts used in computing the Trust’s basic and diluted earnings per share. (in thousands, except share and per share data):

 

 

 

Three Months Ended
June 30,

 

Six Months Ended
June 30,

 

 

 

2015

 

2014

 

2015

 

2014

 

Numerator for earnings per share —  basic:

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$
3,297

 

$
(600

)

$
2,849

 

$
(4,158

)

Net (income) loss attributable to noncontrolling interests:

 

 

 

 

 

 

 

 

 

Operating Partnership

 
(157

)
123

 
(133

)
654

 

Partially owned properties

 
(144

)
(84

)
(176

)
(150

)

Preferred distribution

 
(425

)

—

 
(491

)

—

 

 

 

 

 

 

 

 

 

 

 

Numerator for earnings per share — basic

 

$
2,571

 

$
(561

)

$
2,049

 

$
(3,654

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator for earnings per share — diluted:

 

 

 

 

 

 

 

 

 

Numerator for earnings per share — basic

 

$
2,571

 

$
(561

)

$
2,049

 

$
(3,654

)

Operating Partnership net income (loss)

 
157

 

—

 
133

 

—

 

 

 

 

 

 

 

 

 

 

 

Numerator for earnings per share — diluted

 

$
2,728

 

$
(561

)

$
2,182

 

$
(3,654

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for earnings per share —  basic and diluted:

 

 

 

 

 

 

 

 

 

Denominator for earnings per share — basic

 
70,376,959

 
26,163,982

 
68,026,278

 
23,744,730

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

Noncontrolling interest — Operating Partnership units

 
3,698,364

 

—

 
3,598,355

 

—

 

Restricted shares

 
169,425

 

—

 
196,470

 

—

 

Restricted share units

 
22,535

 

—

 
41,146

 

—

 

 

 

 

 

 

 

 

 

 

 

Denominator for earnings per share — diluted shares:

 
74,267,284

 
26,163,982

 
71,862,249

 
23,744,730

 

 

 

 

 

 

 

 

 

 

 

Earnings per share - basic

 

$
0.04

 

$
(0.02

)

$
0.03

 

$
(0.15

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share - diluted

 

$
0.04

 

$
(0.02

)

$
0.03

 

$
(0.15

)