Earnings Per Share and Earnings per Unit

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share and Earnings per Unit

Earnings Per Share and Earnings per Unit

Earnings per Share of the Company

Basic earnings per share (“EPS”) is computed by dividing net income attributable to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted EPS assumes the issuance of common stock for all potential dilutive common shares outstanding. The limited partners’ rights to convert their noncontrolling interests in the Operating Partnership into shares of common stock are not dilutive.

There were no potential dilutive common shares included in the denominator used to compute EPS as there were no outstanding stock options and there were no anti-dilutive shares related to stock options for the three month periods ended March 31, 2014 and 2013.

Earnings per Unit of the Operating Partnership

Basic earnings per unit (“EPU”) is computed by dividing net income attributable to common unitholders by the weighted-average number of common units outstanding for the period. Diluted EPU assumes the issuance of common units for all potential dilutive common units outstanding.

There were no potential dilutive common units included in the denominator used to compute EPU as there were no outstanding stock options and there were no anti-dilutive units related to stock options for the three month periods ended March 31, 2014 and 2013.