13.	Earnings Per Share

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,
	2017			2016			2017			2016
Numerators – Basic and Diluted
Loss from continuing operations	$	(43,060	)	$	(81,444	)	$	(149,936	)	$	(20,305	)
Plus: Gain on disposition of real estate		44,291			21,368			127,017			47,470
Plus: Income attributable to non-controlling interests		(248	)		(284	)		(728	)		(894	)
Less: Preferred dividends		(8,383	)		(5,594	)		(20,376	)		(16,781	)
Less: Earnings attributable to unvested shares and operating partnership units		(241	)		(167	)		(743	)		(581	)
Net (loss) income attributable to common shareholders after allocation to participating securities	$	(7,641	)	$	(66,121	)	$	(44,766	)	$	8,909
Denominators – Number of Shares
Basic—Average shares outstanding		367,686			365,508			367,039			365,062
Effect of dilutive securities—Stock options		—			—			—			320
Diluted—Average shares outstanding		367,686			365,508			367,039			365,382
(Loss) Earnings Per Share:
Basic	$	(0.02	)	$	(0.18	)	$	(0.12	)	$	0.02
Diluted	$	(0.02	)	$	(0.18	)	$	(0.12	)	$	0.02

Shares subject to issuance under the Company’s 2016 VSEP were not considered in the computation of diluted EPS for the three and nine months ended September 30, 2017 and 2016, as the calculation was anti-dilutive.