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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Computation of Company's Earnings Per Share (EPS) and Reconciliation of Net Loss 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 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-Month Periods

Ended March 31,

 

 

2015

 

 

2014

 

Numerators Basic and Diluted

 

 

 

 

 

 

 

Continuing Operations:

 

 

 

 

 

 

 

Loss from continuing operations

$

(268,008

)

 

$

(20,300

)

Plus: Gain (loss) on disposition of real estate

 

25,094

 

 

 

(1,090

)

Plus: Loss attributable to non-controlling interests

 

(873

)

 

 

(155

)

Preferred dividends

 

(5,594

)

 

 

(6,608

)

Less: Earnings attributable to unvested shares and operating partnership units

 

(437

)

 

 

(310

)

Loss from continuing operations

 

(249,818

)

 

 

(28,463

)

Discontinued Operations:

 

 

 

 

 

 

 

Income from discontinued operations

 

 

 

 

3,012

 

Plus: Income attributable to non-controlling interests

 

 

 

 

1,893

 

Net loss attributable to common shareholders after allocation to

   participating securities

$

(249,818

)

 

$

(23,558

)

Denominators Number of Shares

 

 

 

 

 

 

 

Basic and Diluted Average shares outstanding

 

359,818

 

 

 

357,634

 

Basic Earnings Per Share:

 

 

 

 

 

 

 

Loss from continuing operations attributable to common shareholders

$

(0.69

)

 

$

(0.08

)

Income from discontinued operations attributable to common shareholders

 

 

 

 

0.01

 

Net loss attributable to common shareholders

$

(0.69

)

 

$

(0.07

)

Diluted Earnings Per Share:

 

 

 

 

 

 

 

Loss from continuing operations attributable to common shareholders

$

(0.69

)

 

$

(0.08

)

Income from discontinued operations attributable to common shareholders

 

 

 

 

0.01

 

Net loss attributable to common shareholders

$

(0.69

)

 

$

(0.07

)