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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Schedule of amounts used in computing basic and diluted earnings per share
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
September 30,
 
Nine Months Ended
September 30,
 
2015
 
2014
 
2015
 
2014
Numerator for earnings per share - basic:
 

 
 

 
 

 
 

Net income (loss)
$
3,983

 
$
(2,251
)
 
$
6,832

 
$
(6,409
)
Net (income) loss attributable to noncontrolling interests:
 
 
 
 
 
 
 
Operating Partnership
(200
)
 
233

 
(333
)
 
887

Partially owned properties
(79
)
 
(76
)
 
(255
)
 
(226
)
Preferred distribution
(300
)
 
—

 
(791
)
 
—

Numerator for earnings per share - basic
$
3,404


$
(2,094
)

$
5,453

 
$
(5,748
)
Numerator for earnings per share - diluted:
 
 
 
 
 
 
 
Numerator for earnings per share - basic
$
3,404

 
$
(2,094
)
 
$
5,453

 
$
(5,748
)
Operating Partnership net income
200

 
—

 
333

 
—

Numerator for earnings per share - diluted
$
3,604


$
(2,094
)

$
5,786

 
$
(5,748
)
Denominator for earnings per share - basic and diluted:
 
 
 
 
 
 
 
Denominator for earnings per share - basic
71,034,747

 
36,313,644

 
69,040,121

 
27,980,408

Effect of dilutive securities:
 

 
 

 
 
 
 

Noncontrolling interest - OP Units
3,829,930

 
—

 
3,676,395

 
—

Restricted common shares
123,343

 
—

 
194,640

 
—

Restricted share units
116,801

 
—

 
129,690

 
—

Denominator for earnings per share - diluted common shares:
75,104,821

 
36,313,644

 
73,040,846

 
27,980,408

Earnings per share - basic
$
0.05

 
$
(0.06
)
 
$
0.08

 
$
(0.21
)
Earnings per share - diluted
$
0.05

 
$
(0.06
)
 
$
0.08

 
$
(0.21
)