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Note 1 - Interim Financial Statements (Tables)
6 Months Ended
Jun. 30, 2011
Earnings Per Share [Text Block]

 

 

Three Months Ended

June 30,

 

Six Months Ended

June 30,

 

 

2011

 

2010

 

2011

 

2010

Computation of Basic Earnings Per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

$

44,889

$

26,407

$

77,591

$

79,326

Total net gain on transfer or sale of operating properties

 

-

 

2,385

 

-

 

2,377

Net income attributable to noncontrolling interests

 

(2,606)

 

(2,666)

 

(5,665)

 

(6,540)

Discontinued operations attributable to noncontrolling interests

 

41

 

93

 

58

 

108

Preferred stock dividends

 

(14,841)

 

(11,822)

 

(29,681)

 

(23,644)

Income from continuing operations available to the common shareholders

 

27,483

 

14,397

 

42,303

 

51,627

Earnings attributable to unvested restricted shares

 

(166)

 

(103)

 

(331)

 

(207)

Income from continuing operations attributable to common shareholders

 

27,317

 

14,294

 

41,972

 

51,420

Income from discontinued operations attributable to the Company

 

(3,615)

 

(1,608)

 

(4,313)

 

176

Net income attributable to the Company’s common shareholders

$

23,702

$

12,686

$

37,659

$

51,596

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

406,559

 

405,705

 

406,500

 

405,635

 

 

 

 

 

 

 

 

 

Basic Earning Per Share Attributable to the Company’s Common Shareholders:

 

 

 

 

 

 

 

 

Income from continuing operations

$

0.07

$

0.04

$

0.10

$

0.13

Loss from discontinued operations

 

  (0.01)

 

 (0.01)

 

(0.01)

 

-

Net income

$

0.06

$

0.03

$

0.09

$

0.13

 

 

 

 

 

 

 

 

 

Computation of Diluted Earnings Per Share:

 

 

 

 

 

 

 

 

Income from continuing operations attributable to common shareholders for diluted earnings per share

$

27,317

$

14,294

$

41,972

$

51,420

Income from discontinued operations attributable to the Company

 

(3,615)

 

(1,608)

 

(4,313)

 

176

Net income attributable to the Company’s common shareholders for diluted earnings per share

$

23,702

$

12,686

$

37,659

$

51,596

 

 

 

 

 

 

 

 

 

Weighted average common shares  outstanding – basic

 

406,559

 

405,705

 

406,500

 

405,635

Effect of dilutive securities (a):

Equity awards

 

1,003

 

304

 

972

 

236

Shares for diluted earnings per common share

 

407,562

 

406,009

 

407,472

 

405,871

 

 

 

 

 

 

 

 

 

Diluted Earnings Per Share Attributable to the Company’s Common Shareholders:

 

 

 

 

 

 

 

 

Income from continuing operations

$

0.07

$

0.04

$

0.10

$

0.13

Loss from discontinued operations

 

(0.01)

 

(0.01)

 

(0.01)

 

-

Net income

$

0.06

$

0.03

$

0.09

$

0.13