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EARNINGS PER COMMON SHARE (Tables)
3 Months Ended
Mar. 31, 2012
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The following table sets forth the computation of basic and diluted earnings per share from continuing operations for the periods indicated:
 
Three Months Ended
 
March 31,
(dollars in thousands, except per share amounts)
2012
 
2011
Numerator
 
 
 
Income from continuing operations
$
4,010

 
$
8,185

Less: net income attributable to participating securities
84

 
256

Income from continuing operations net of income attributable to participating securities
3,926

 
7,929

Effect of dilutive securities:
 
 
 
Preferred OP Unit distributions

 
4

Numerator for diluted earnings per Common Share
$
3,926

 
$
7,933

 
 
 
 
Denominator
 

 
 

Weighted average shares for basic earnings per share
42,736

 
40,318

Effect of dilutive securities:
 

 
 

Employee Restricted Share Units and share options
43

 
21

Convertible Preferred OP Units

 
25

Dilutive potential Common Shares
43

 
46

Denominator for diluted earnings per share
42,779

 
40,364

Basic earnings per Common Share from continuing operations attributable to Common Shareholders
$
0.09

 
$
0.20

Diluted earnings per Common Share from continuing operations attributable to Common Shareholders
$
0.09

 
$
0.20