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Earnings Per Common Share (Tables)
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share (“EPS”):
 
 
Three Months Ended March 31,
 
 
2015
 
2014
 
 
(In thousands, except per share data)
Net income
 
$
9,944

 
$
2,761

Net income attributable to noncontrolling interest
 
(277
)
 
(89
)
Allocation of income to restricted share awards
 
(60
)
 
(50
)
Income attributable to RPT
 
$
9,607

 
$
2,622

Preferred share dividends
 
(1,812
)
 
(1,812
)
Net income available to common shareholders
 
$
7,795

 
$
810

 
 
 
 
 
Weighted average shares outstanding, Basic
 
77,925

 
67,070

Stock options and restricted stock awards using the treasury method
 
203

 
244

Weighted average shares outstanding, Diluted (1)
 
78,128

 
67,314


 
 
 
 
Income per common share, Basic
 
$
0.10

 
$
0.01

Income per common share, Diluted
 
$
0.10

 
$
0.01

 
 
 
 
 


 (1) The assumed conversion of preferred shares is anti-dilutive for all periods presented and accordingly, has been excluded from the weighted average common shares used to compute diluted EPS.