Equity

9 Months Ended

Sep. 30, 2014

Equity [Abstract]

Equity

9. EQUITY

Common Shares

In the third quarter of 2014, the Company issued 0.7 million common shares at a weighted-average price of $17.81 per share, generating net proceeds of $11.8 million.  The net proceeds primarily were used to acquire shopping center assets (Note 3).

Common share dividends declared per share were as follows:

	Three-Month Periods Ended September 30,				Nine-Month Periods Ended September 30,
	2014		2013		2014		2013
Common share dividends declared per share	$	0.155	$	0.135	$	0.465	$	0.405

Preferred Shares

In May 2014, the Company redeemed the remaining $55.0 million of its Class H cumulative redeemable preferred shares (“Class H Preferred Shares”) at a redemption price of $504.6094 per Class H Preferred Share (the sum of $500.00 per Class H Preferred Share and dividends per Class H Preferred Share of $4.6094 prorated to the redemption date of May 30, 2014) or $25.2305 per depositary share (the sum of $25.00 per depositary share and dividends per depositary share of $0.2305 prorated to the redemption date of May 30, 2014). The Company recorded a charge of $1.9 million in the second quarter of 2014 related to the write-off of the Class H Preferred Shares’ original issuance costs.

Non-Controlling Interests

In June 2014, the Company issued 1.0 million OP Units in conjunction with the purchase of an asset in Chicago, Illinois (Note 3).