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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
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):
 
Year Ended
December 31,
 
2015
 
2014
 
2013
Numerator for earnings per share - basic:
 
 
 
 
 
Net income (loss)
$
12,741

 
$
(4,418
)
 
$
(2,636
)
Net (income) loss attributable to Predecessor:

 

 
576

Net (income) loss attributable to noncontrolling interests:
 
 
 
 
 
Operating Partnership
(576
)
 
695

 
470

Partially owned properties
(377
)
 
(314
)
 
(71
)
Preferred distributions
(1,189
)
 

 

Numerator for earnings per share - basic:
$
10,599

 
$
(4,037
)
 
$
(1,661
)
Numerator for earnings per share - diluted:
 
 
 
 
 
Numerator for earnings per share - basic:
10,599

 
(4,037
)
 
(1,661
)
Operating Partnership net income
576

 

 

Numerator for earnings per share - diluted
$
11,175

 
$
(4,037
)
 
$
(1,661
)
Denominator for EPS - basic and diluted:
 
 
 
 
 
Weighted average number of shares outstanding - basic
72,750,724

 
33,063,093

 
12,883,917

Effect of dilutive securities:
 
 
 

 
 
Noncontrolling interest - Operating Partnership units
3,708,494

 

 

Restricted shares
190,619

 

 

Restricted share units
142,236

 

 

Denominator for EPS - diluted
76,792,073

 
33,063,093

 
12,883,917

Earnings per share - basic
$
0.15

 
$
(0.12
)
 
$
(0.13
)
Earnings per share - diluted
$
0.15

 
$
(0.12
)
 
$
(0.13
)