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Earnings Per Share
 6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
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
June 30,
 
Six Months Ended
June 30,
 
2016
 
2015
 
2016
 
2015
Numerator for earnings per share - basic:
 

 
 

 
 

 
 

Net income
$
7,184

 
$
3,297

 
$
12,608

 
$
2,849

Net income attributable to noncontrolling interests:
 
 
 
 
 
 
 
Operating Partnership
(201
)
 
(157
)
 
(374
)
 
(133
)
Partially owned properties
(60
)
 
(144
)
 
(377
)
 
(176
)
Preferred distributions
(437
)
 
(425
)
 
(985
)
 
(491
)
Numerator for earnings per share - basic
$
6,486


$
2,571


$
10,872

 
$
2,049

Numerator for earnings per share - diluted:
 
 
 
 
 
 
 
Numerator for earnings per share - basic
$
6,486

 
$
2,571

 
$
10,872

 
$
2,049

Operating Partnership net income
201

 
157

 
374

 
133

Numerator for earnings per share - diluted
$
6,687


$
2,728


$
11,246

 
$
2,182

Denominator for earnings per share - basic and diluted:
 
 
 
 
 
 
 
Weighted average number of shares outstanding - basic
131,481,329

 
70,376,959

 
117,092,668

 
68,026,278

Effect of dilutive securities:
 

 
 

 
 
 
 

Noncontrolling interest - Operating Partnership units
3,870,343

 
3,698,364

 
3,858,401

 
3,598,355

Restricted common shares
199,698

 
169,425

 
193,084

 
196,470

Restricted share units
393,352

 
22,535

 
431,094

 
41,146

Denominator for earnings per share - diluted common shares:
135,944,722

 
74,267,283

 
121,575,247

 
71,862,249

Earnings per share - basic
$
0.05

 
$
0.04

 
$
0.09

 
$
0.03

Earnings per share - diluted
$
0.05

 
$
0.04

 
$
0.09

 
$
0.03