Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2017

Earnings Per Share [Abstract]

Computation of Company's Earnings Per Share (EPS) and Reconciliation of Net (Loss) Income from Continuing Operations and Number of Common Shares Used in Computations of "Basic" EPS and "Diluted" EPS

The following table provides a reconciliation of net (loss) income from continuing operations and the number of common shares used in the computations of “basic” earnings per share (“EPS”), which utilizes the weighted-average number of common shares outstanding without regard to dilutive potential common shares, and “diluted” EPS, which includes all such shares (in thousands, except per share amounts):

	Three Months
	Ended March 31,
	2017			2016
Numerators – Basic and Diluted
(Loss) income from continuing operations	$	(92,155	)	$	33,492
Plus: Gain on disposition of real estate		38,127			12,381
Plus: Income attributable to non-controlling interests		(213	)		(300	)
Less: Preferred dividends		(5,594	)		(5,594	)
Less: Earnings attributable to unvested shares and operating    partnership units		(251	)		(210	)
Net (loss) income attributable to common shareholders after    allocation to participating securities	$	(60,086	)	$	39,769
Denominators – Number of Shares
Basic—Average shares outstanding		366,430			364,691
Effect of dilutive securities—Stock options		—			351
Diluted—Average shares outstanding		366,430			365,042
(Loss) Earnings Per Share:
Basic	$	(0.16	)	$	0.11
Diluted	$	(0.16	)	$	0.11