XML 108 R86.htm IDEA: XBRL DOCUMENT v3.6.0.2
Earnings Per Share and Earnings Per Unit - Additional Information (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2014
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Numerator for earnings per share - basic:                                        
Net income (loss) $ 8,620 $ 10,294 $ 7,184 $ 5,424 $ 5,909 $ 3,983 $ 3,297 $ (448)                   $ 31,522 $ 12,741 $ (4,418)
Net Income (Loss) Attributable to Noncontrolling Interest [Abstract]                                        
Operating Partnership                                   (825) (576) 695
Partially owned properties (1) [1]                                   (716) (377) (314)
Preferred distributions                                   (1,857) (1,189) 0
Net income (loss) attributable to common shareholders 7,825 9,427 6,486 4,386 5,146 3,404 2,571 (522)                   28,124 10,599 (4,037)
Numerator for earnings per unit - basic and diluted                                   28,949 11,175 (4,732)
Numerator for earnings per share - diluted:                                        
Net income (loss) attributable to common shareholders $ 7,825 $ 9,427 $ 6,486 $ 4,386 $ 5,146 $ 3,404 $ 2,571 $ (522)                   28,124 10,599 (4,037)
Operating Partnership net income                                   825 576 0
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 (in shares) 135,581,976 134,608,396 131,481,329 102,704,008 83,761,536 71,034,747 70,376,959 65,649,478                       33,063,093
Weighted average number of units outstanding - basic (in shares)                                   129,835,209 76,459,218 36,881,712
Effect of dilutive securities:                                        
Weighted average number of shares outstanding - diluted (in shares) 139,602,349 138,880,787 135,944,722 107,148,380 87,911,097 75,104,821 74,267,284 65,649,478                   130,466,893 76,792,073 33,063,093
Weighted average number of units outstanding - diluted (in shares)                                   130,466,893 76,792,073 36,881,712
Earnings per share/unit, basic and diluted:                                        
Earnings per share - basic (in dollars per share) $ 0.06 $ 0.07 $ 0.05 $ 0.04 $ 0.06 $ 0.05 $ 0.04 $ (0.01)                   $ 0.22 $ 0.15 $ (0.12)
Earnings per share - diluted (in dollars per share) $ 0.06 $ 0.07 $ 0.05 $ 0.04 $ 0.06 $ 0.05 $ 0.04 $ (0.01)                   0.22 0.15 (0.12)
Earnings per unit - basic (in dollars per share)                                   0.22 0.15 (0.12)
Earnings per unit - diluted (in dollars per share)                                   $ 0.22 $ 0.15 $ (0.12)
Restricted shares                                        
Effect of dilutive securities:                                        
Effect of dilutive securities, restricted shares and RSUs                                   205,036 190,619 0
Restricted share units                                        
Effect of dilutive securities:                                        
Effect of dilutive securities, restricted shares and RSUs                                   426,648 142,236 0
Operating Partnership                                        
Numerator for earnings per share - basic:                                        
Net income (loss) $ 8,620 $ 10,294 $ 7,184 $ 5,424 $ 5,909 $ 3,983 $ 3,297 $ (448) $ (2,251) $ (600) $ (3,558) $ 12,608 $ 2,849 $ (4,158) $ 22,902 $ 6,832 $ (6,409) $ 31,522 $ 12,741 $ (4,418)
Net Income (Loss) Attributable to Noncontrolling Interest [Abstract]                                        
Partially owned properties (1)   (176) (60) (317)   (79) (144) (32) (76) (84) (66) (377) (176) (150) (553) (255) (226) (716) [1] (377) [1] (314) [1]
Preferred distributions   (436) (437) (548)   (300) (425) (66) 0 0 $ 0 (985) (491) 0 (1,421) (791) 0 (1,857) (1,189) 0
Net income (loss) attributable to common shareholders 8,021 9,682 6,687 4,559 5,389 3,604 2,728 (546) (2,327) (684)   11,246 2,182 (4,308) 20,928 5,786 (6,635) 28,949 11,175 (4,732)
Numerator for earnings per share - diluted:                                        
Net income (loss) attributable to common shareholders $ 8,021 $ 9,682 $ 6,687 $ 4,559 $ 5,389 $ 3,604 $ 2,728 $ (546) $ (2,327) $ (684)   $ 11,246 $ 2,182 $ (4,308) $ 20,928 $ 5,786 $ (6,635) $ 28,949 $ 11,175 $ (4,732)
Denominator for earnings per share - basic and diluted:                                        
Weighted average number of shares outstanding - basic (in shares)                                   126,143,114 72,750,724 33,063,093
Weighted average number of units outstanding - basic (in shares) 139,018,183 138,227,384 135,351,672 106,550,467 87,565,282 74,864,677 74,075,323 69,146,712 40,898,015 29,962,046   120,951,069 71,624,633 27,493,474 126,751,876 72,716,516 32,010,755 129,835,209 76,459,218 36,881,712
Effect of dilutive securities:                                        
Noncontrolling interest - Operating Partnership units                                   3,692,095 3,708,494 0
Weighted average number of shares outstanding - diluted (in shares)                                   130,466,893 76,792,073 33,063,093
Weighted average number of units outstanding - diluted (in shares) 139,602,249 138,880,787 135,944,722 107,148,380 87,911,097 75,104,821 74,267,284 69,146,712 40,898,015 29,962,046   121,575,247 71,862,249 27,493,474 127,395,989 73,040,846 32,010,755 130,466,893 76,792,073 36,881,712
Earnings per share/unit, basic and diluted:                                        
Earnings per share - basic (in dollars per share)                                   $ 0.22 $ 0.15 $ (0.12)
Earnings per share - diluted (in dollars per share)                                   0.22 0.15 (0.12)
Earnings per unit - basic (in dollars per share) $ 0.06 $ 0.07 $ 0.05 $ 0.04 $ 0.06 $ 0.05 $ 0.04 $ (0.01) $ (0.06) $ (0.02)   $ 0.09 $ 0.03 $ (0.15) $ 0.17 $ 0.08 $ (0.21) 0.22 0.15 (0.12)
Earnings per unit - diluted (in dollars per share) $ 0.06 $ 0.07 $ 0.05 $ 0.04 $ 0.06 $ 0.05 $ 0.04 $ (0.01) $ (0.06) $ (0.02)   $ 0.09 $ 0.03 $ (0.15) $ 0.16 $ 0.08 $ (0.21) $ 0.22 $ 0.15 $ (0.12)
Operating Partnership | Restricted shares                                        
Effect of dilutive securities:                                        
Effect of dilutive securities, restricted shares and RSUs                                   205,036 190,619 0
Operating Partnership | Restricted share units                                        
Effect of dilutive securities:                                        
Effect of dilutive securities, restricted shares and RSUs                                   426,648 142,236 0
[1] Includes $0.1 million of net income attributable to redeemable noncontrolling interests for the year ended December 31, 2016. No such adjustments are required for the years ended December 31, 2015 and 2014.