Three Months Ended

June 30,

Six Months Ended

June 30,

2013

2012

2013

2012

Computation of Basic Earnings Per Share:

Income from continuing operations

$

77,595

$

75,356

$

146,919

$

129,363

Gain on sale of operating properties, net of tax

-

4,059

540

4,059

Net income attributable to noncontrolling interests

(2,133

)

(3,275

)

(4,871

)

(8,785

)

Discontinued operations attributable to noncontrolling interests

-

95

17

2,393

Preferred stock dividends

(14,573

)

(20,841

)

(29,147

)

(36,415

)

Income from continuing operations available to the common shareholders

60,889

55,394

113,458

90,615

Earnings attributable to unvested restricted shares

(352

)

(313

)

(705

)

(627

)

Income from continuing operations attributable to common shareholders

60,537

55,081

112,753

89,988

Loss from discontinued operations attributable to the Company

(24,323

)

(7,123

)

(23,696

)

(4,280

)

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

$

36,214

$

47,958

$

89,057

$

85,708

Weighted average common shares outstanding

407,640

405,560

407,154

405,916

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

Income from continuing operations

$

0.15

$

0.14

$

0.28

$

0.22

Loss from discontinued operations

(0.06

)

(0.02

)

(0.06

)

(0.01

)

Net income

$

0.09

$

0.12

$

0.22

$

0.21

Computation of Diluted Earnings Per Share:

Income from continuing operations attributable to common shareholders

$

60,537

$

55,081

$

112,753

$

89,988

Loss from discontinued operations attributable to the Company

(24,323

)

(7,123

)

(23,696

)

(4,280

)

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

$

36,214

$

47,958

$

89,057

$

85,708

Weighted average common shares outstanding – basic

407,640

405,560

407,154

405,916

Effect of dilutive securities (a):

Equity awards

1,191

916

1,009

911

Shares for diluted earnings per common share

408,831

406,476

408,163

406,827

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

Income from continuing operations

$

0.15

$

0.14

$

0.28

$

0.22

Loss from discontinued operations

(0.06

)

(0.02

)

(0.06

)

(0.01

)

Net income

$

0.09

$

0.12

$

0.22

$

0.21