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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2016
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):
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2016
 
2015
 
2016
 
2015
Numerator for earnings per share - basic:
 

 
 

 
 

 
 

Net income
$
10,294

 
$
3,983

 
$
22,902

 
$
6,832

Net income attributable to noncontrolling interests:
 
 
 
 
 
 
 
Operating Partnership
(255
)
 
(200
)
 
(629
)
 
(333
)
Partially owned properties
(176
)
 
(79
)
 
(553
)
 
(255
)
Preferred distributions
(436
)
 
(300
)
 
(1,421
)
 
(791
)
Numerator for earnings per share - basic
$
9,427


$
3,404


$
20,299

 
$
5,453

Numerator for earnings per share - diluted:
 
 
 
 
 
 
 
Numerator for earnings per share - basic
$
9,427

 
$
3,404

 
$
20,299

 
$
5,453

Operating Partnership net income
255

 
200

 
629

 
333

Numerator for earnings per share - diluted
$
9,682


$
3,604


$
20,928

 
$
5,786

Denominator for earnings per share - basic and diluted:
 
 
 
 
 
 
 
Weighted average number of shares outstanding - basic
134,608,396

 
71,034,747

 
122,973,862

 
69,040,121

Effect of dilutive securities:
 

 
 

 
 
 
 

Noncontrolling interest - Operating Partnership units
3,618,988

 
3,829,930

 
3,778,014

 
3,676,395

Restricted common shares
208,892

 
123,343

 
203,020

 
194,640

Restricted share units
444,511

 
116,801

 
441,093

 
129,690

Denominator for earnings per share - diluted common shares:
138,880,787

 
75,104,821

 
127,395,989

 
73,040,846

Earnings per share - basic
$
0.07

 
$
0.05

 
$
0.17

 
$
0.08

Earnings per share - diluted
$
0.07

 
$
0.05

 
$
0.16

 
$
0.08