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Earnings Per Share and Earnings Per Unit
 3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Earnings Per Share and Earnings Per Unit Earnings Per Share and Earnings Per Unit
 
For the three months ended March 31, 2018, total restricted share units of 600,313 were excluded from the computation of diluted earnings per share and diluted earnings per unit as their impact would have been anti-dilutive.

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
March 31,
 
2019
 
2018
Numerator for earnings per share - basic:
 

 
 

Net income
$
11,500

 
$
11,332

Net income attributable to noncontrolling interests:
 
 
 
Operating Partnership
(305
)
 
(313
)
Partially owned properties
(138
)
 
(111
)
Preferred distributions
(284
)
 
(487
)
Numerator for earnings per share - basic
$
10,773


$
10,421

Numerator for earnings per share - diluted:
 
 
 
Numerator for earnings per share - basic
$
10,773

 
$
10,421

Operating Partnership net income
305

 
313

Numerator for earnings per share - diluted
$
11,078


$
10,734

Denominator for earnings per share - basic and diluted:
 
 
 
Weighted average number of shares outstanding - basic
182,672,863

 
181,809,570

Effect of dilutive securities:
 

 
 

Noncontrolling interest - Operating Partnership units
5,177,912

 
5,454,494

Restricted common shares
104,784

 
53,179

Restricted share units
541,749

 
—

Denominator for earnings per share - diluted:
188,497,308

 
187,317,243

Earnings per share - basic
$
0.06

 
$
0.06

Earnings per share - diluted
$
0.06

 
$
0.06



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):
 
Three Months Ended
March 31,
 
2019
 
2018
Numerator for earnings per unit - basic and diluted:
 
 
 
Net income
$
11,500

 
$
11,332

Net income attributable to noncontrolling interests - partially owned properties
(138
)
 
(111
)
Preferred distributions
(284
)
 
(487
)
Numerator for earnings per unit - basic and diluted
$
11,078

 
$
10,734

Denominator for earnings per unit - basic and diluted:
 
 
 
Weighted average number of units outstanding - basic
187,850,775

 
187,264,064

Effect of dilutive securities:
 
 
 

Restricted common shares
104,784

 
53,179

Restricted share units
541,749

 
—

Denominator for earnings per unit - diluted
188,497,308

 
187,317,243

Earnings per unit - basic
$
0.06

 
$
0.06

Earnings per unit - diluted
$
0.06

 
$
0.06