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Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2016

Computation of Company's Earnings Per Share (EPS) and Reconciliation of Net (Loss) Income 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) income 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								Nine Months
	Ended September 30,								Ended September 30,
	2016				2015				2016				2015
Numerators – Basic and Diluted
(Loss) income from continuing operations	$	(81,444	)		$	18,030			$	(20,305	)		$	(242,198	)
Plus: Gain on disposition of real estate		21,368				41,793				47,470				78,154
Plus: Income attributable to non-controlling interests		(284	)			(268	)			(894	)			(1,590	)
Less: Preferred dividends		(5,594	)			(5,594	)			(16,781	)			(16,781	)
Less: Earnings attributable to unvested shares and operating    partnership units		(167	)			(221	)			(581	)			(1,075	)
Net (loss) income attributable to common shareholders after    allocation to participating securities	$	(66,121	)		$	53,740			$	8,909			$	(183,490	)
Denominators – Number of Shares
Basic—Average shares outstanding		365,508				361,107				365,062				360,341
Effect of dilutive securities:
Stock options		—				379				320				—
Senior convertible notes		—				2,085				—				—
Diluted—Average shares outstanding		365,508				363,571				365,382				360,341
Earnings Per Share:
Basic	$	(0.18	)		$	0.15			$	0.02			$	(0.51	)
Diluted	$	(0.18	)		$	0.15			$	0.02			$	(0.51	)

Common Shares

Common Share Dividends Declared Per Share

Common share dividends declared per share were as follows:  

		Three Months								Nine Months
		Ended September 30,								Ended September 30,
		2016				2015				2016				2015
Common share dividends declared per share		$	0.19			$	0.1725			$	0.57			$	0.5175

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- Definition

Tabular disclosure of information related to dividends declared, including paid and unpaid dividends.

+ References

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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