Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2016

Computation of Company's Earnings Per Share (EPS) and Reconciliation of Net Income (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 income (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 Months
	Ended March 31,
	2016			2015
Numerators – Basic and Diluted
Income (loss) from continuing operations	$	33,492		$	(268,008	)
Plus: Gain on disposition of real estate		12,381			25,094
Plus: Income attributable to non-controlling interests		(300	)		(873	)
Less: Preferred dividends		(5,594	)		(5,594	)
Less: Earnings attributable to unvested shares and operating partnership units		(210	)		(437	)
Net income (loss) attributable to common shareholders after allocation to participating securities	$	39,769		$	(249,818	)
Denominators – Number of Shares
Basic—Average shares outstanding		364,691			359,818
Effect of dilutive securities:
Stock options		351			—
Diluted—Average shares outstanding		365,042			359,818
Earnings Per Share:
Basic	$	0.11		$	(0.69	)
Diluted	$	0.11		$	(0.69	)