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Beneficiaries Equity of the Parent Company (Tables)
9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Earnings Per Share (EPS), Basic and Diluted

The following tables detail the number of shares and net income used to calculate basic and diluted earnings per share (in thousands, except share and per share amounts; results may not add due to rounding):

  

 

Three-month periods ended September 30,

 

 

2016

 

 

2015

 

 

Basic

 

 

Diluted

 

 

Basic

 

 

Diluted

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

$

7,884

 

 

$

7,884

 

 

$

20,308

 

 

$

20,308

 

Net income from continuing operations attributable to non-controlling interests

 

(58

)

 

 

(58

)

 

 

(161

)

 

 

(161

)

Nonforfeitable dividends allocated to unvested restricted shareholders

 

(79

)

 

 

(79

)

 

 

(76

)

 

 

(76

)

Preferred share dividends

 

(1,725

)

 

 

(1,725

)

 

 

(1,725

)

 

 

(1,725

)

Net income attributable to common shareholders

$

6,022

 

 

$

6,022

 

 

$

18,346

 

 

$

18,346

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

175,127,110

 

 

 

175,127,110

 

 

 

178,188,037

 

 

 

178,188,037

 

Contingent securities/Share based compensation

 

-

 

 

 

1,237,505

 

 

 

-

 

 

 

588,647

 

Weighted-average shares outstanding

 

175,127,110

 

 

 

176,364,615

 

 

 

178,188,037

 

 

 

178,776,684

 

Earnings per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to common shareholders

$

0.03

 

 

$

0.03

 

 

$

0.10

 

 

$

0.10

 

 

 

Nine-month periods ended September 30,

 

 

2016

 

 

2015

 

 

Basic

 

 

Diluted

 

 

Basic

 

 

Diluted

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

$

52,871

 

 

$

52,871

 

 

$

31,960

 

 

$

31,960

 

Net income from continuing operations attributable to non-controlling interests

 

(425

)

 

 

(425

)

 

 

(221

)

 

 

(221

)

Nonforfeitable dividends allocated to unvested restricted shareholders

 

(263

)

 

 

(263

)

 

 

(253

)

 

 

(253

)

Preferred share dividends

 

(5,175

)

 

 

(5,175

)

 

 

(5,175

)

 

 

(5,175

)

Net income attributable to common shareholders

$

47,008

 

 

$

47,008

 

 

$

26,311

 

 

$

26,311

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

174,976,998

 

 

 

174,976,998

 

 

 

179,198,714

 

 

 

179,198,714

 

Contingent securities/Share based compensation

 

-

 

 

 

1,032,824

 

 

 

-

 

 

 

789,778

 

Weighted-average shares outstanding

 

174,976,998

 

 

 

176,009,822

 

 

 

179,198,714

 

 

 

179,988,492

 

Earnings per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to common shareholders

$

0.27

 

 

$

0.27

 

 

$

0.15

 

 

$

0.15