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Beneficiaries Equity of the Parent Company Beneficiaries Equity of the Parent Company (Tables)
9 Months Ended
Sep. 30, 2013
Equity [Abstract]  
Earnings Per Share (EPS), Basic and Diluted
Earnings per Share (EPS)
The following tables detail the number of shares and net income used to calculate basic and diluted earnings per share (in thousands, except share and per share amounts; results may not add due to rounding):
 
Three-month periods ended September 30,
 
2013
 
2012
 
Basic
 
Diluted
 
Basic
 
Diluted
Numerator
 
 
 
 
 
 
 
Income from continuing operations
$
11,174

 
$
11,174

 
$
5,500

 
$
5,500

Net (income) from continuing operations attributable to non-controlling interests
(106
)
 
(106
)
 
(49
)
 
(49
)
Amount allocable to unvested restricted shareholders
(85
)
 
(85
)
 
(95
)
 
(95
)
Preferred share dividends
(1,725
)
 
(1,725
)
 
(2,785
)
 
(2,785
)
Income from continuing operations available to common shareholders
9,258

 
9,258

 
2,571

 
2,571

Income (Loss) from discontinued operations
(86
)
 
(86
)
 
11,589

 
11,589

Discontinued operations attributable to non-controlling interests
1

 
1

 
(211
)
 
(211
)
Discontinued operations attributable to common shareholders
(85
)
 
(85
)
 
11,378

 
11,378

Net income attributable to common shareholders
$
9,173

 
$
9,173

 
$
13,949

 
$
13,949

Denominator
 
 
 
 
 
 
 
Weighted-average shares outstanding
156,703,348

 
156,703,348

 
143,424,485

 
143,424,485

Contingent securities/Share based compensation

 
1,288,734

 

 
703,525

Total weighted-average shares outstanding
156,703,348

 
157,992,082

 
143,424,485

 
144,128,010

Earnings per Common Share:
 
 
 
 
 
 
 
Income from continuing operations attributable to common shareholders
$
0.06

 
$
0.06

 
$
0.02

 
$
0.02

Discontinued operations attributable to common shareholders

 

 
0.08

 
0.08

Net income attributable to common shareholders
$
0.06

 
$
0.06

 
$
0.10

 
$
0.10

 
 
 
 
 
 
 
 
 
Nine-month periods ended September 30,
 
2013
 
2012
 
Basic
 
Diluted
 
Basic
 
Diluted
Numerator
 
Income (Loss) from continuing operations
$
18,568

 
$
18,568

 
$
(8,350
)
 
$
(8,350
)
Net (income) loss from continuing operations attributable to non-controlling interests
(147
)
 
(147
)
 
335

 
335

Amount allocable to unvested restricted shareholders
(278
)
 
(278
)
 
(286
)
 
(286
)
Preferred share dividends
(5,175
)
 
(5,175
)
 
(7,832
)
 
(7,832
)
Preferred share redemption charge

 

 
(2,090
)
 
(2,090
)
Income (Loss) from continuing operations available to common shareholders
12,968

 
12,968

 
(18,223
)
 
(18,223
)
Income from discontinued operations
3,619

 
3,619

 
41,577

 
41,577

Discontinued operations attributable to non-controlling interests
(48
)
 
(48
)
 
(760
)
 
(760
)
Discontinued operations attributable to common shareholders
3,571

 
3,571

 
40,817

 
40,817

Net income attributable to common shareholders
$
16,539

 
$
16,539

 
$
22,594

 
$
22,594

Denominator
 
 
 
 
 
 
 
Weighted-average shares outstanding
151,933,441

 
151,933,441

 
143,182,911

 
143,182,911

Contingent securities/Share based compensation

 
1,209,384

 

 

Total weighted-average shares outstanding
151,933,441

 
153,142,825

 
143,182,911

 
143,182,911

Earnings per Common Share:
 
 
 
 
 
 
 
Income (Loss) from continuing operations attributable to common shareholders
$
0.09

 
$
0.09

 
$
(0.13
)
 
$
(0.13
)
Discontinued operations attributable to common shareholders
0.02

 
0.02

 
0.29

 
0.29

Net income attributable to common shareholders
$
0.11

 
$
0.11

 
$
0.16

 
$
0.16