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Earnings Per Share and Earnings Per Unit - (Tables)
 12 Months Ended
Dec. 31, 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):
 
Year Ended December 31,
 
2016
 
2015
 
2014
Numerator for earnings per share - basic:
 
 
 
 
 
Net income (loss)
$
31,522

 
$
12,741

 
$
(4,418
)
Net (income) loss attributable to noncontrolling interests:
 
 
 
 
 
Operating Partnership
(825
)
 
(576
)
 
695

Partially owned properties
(716
)
 
(377
)
 
(314
)
Preferred distributions
(1,857
)
 
(1,189
)
 
—

Numerator for earnings per share - basic:
$
28,124

 
$
10,599

 
$
(4,037
)
Numerator for earnings per share - diluted:
 
 
 
 
 
Numerator for earnings per share - basic:
28,124

 
10,599

 
(4,037
)
Operating Partnership net income
825

 
576

 
—

Numerator for earnings per share - diluted
$
28,949

 
$
11,175

 
$
(4,037
)
Denominator for earnings per share - basic and diluted:
 
 
 
 
 
Weighted average number of shares outstanding - basic
126,143,114

 
72,750,724

 
33,063,093

Effect of dilutive securities:
 
 
 

 
 
Noncontrolling interest - Operating Partnership units
3,692,095

 
3,708,494

 
—

Restricted shares
205,036

 
190,619

 
—

Restricted share units
426,648

 
142,236

 
—

Denominator for earnings per share - diluted
130,466,893

 
76,792,073

 
33,063,093

Earnings per share - basic
$
0.22

 
$
0.15

 
$
(0.12
)
Earnings per share - diluted
$
0.22

 
$
0.15

 
$
(0.12
)
The following table shows the amounts used in computing the Operating Partnership’s basic and diluted earnings per unit (in thousands, except unit and per unit data):
 
Year Ended December 31,
 
2016
 
2015
 
2014
Numerator for earnings per unit - basic and diluted:
 
 
 
 
 
Net income (loss)
31,522

 
12,741

 
(4,418
)
Net (income) loss attributable to noncontrolling interests -
partially owned properties
(716
)
 
(377
)
 
(314
)
Preferred distributions
(1,857
)
 
(1,189
)
 
—

Numerator for earnings per unit - basic and diluted
$
28,949

 
$
11,175

 
$
(4,732
)
Denominator for earnings per unit - basic and diluted:
 
 
 
 
 
Weighted average number of units outstanding - basic
129,835,209

 
76,459,218

 
36,881,712

Effect of dilutive securities:
 
 
 

 
 
Restricted shares
205,036

 
190,619

 
—

Restricted share units
426,648

 
142,236

 
—

Denominator for earnings per unit - diluted
130,466,893

 
76,792,073

 
36,881,712

Earnings per unit - basic
$
0.22

 
$
0.15

 
$
(0.12
)
Earnings per unit - diluted
$
0.22

 
$
0.15

 
$
(0.12
)