Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2017

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):

	For the Year Ended December 31,
	2017			2016			2015
Numerators – Basic and Diluted
Continuing Operations:
Loss from continuing operations	$	(404,296	)	$	(12,187	)	$	(237,881	)
Plus: Gain on disposition of real estate		161,164			73,386			167,571
Plus: Loss (income) attributable to non-controlling interests		1,447			(1,187	)		(1,858	)
Less: Preferred dividends		(28,759	)		(22,375	)		(22,375	)
Less: Earnings attributable to unvested shares and OP Units		(989	)		(786	)		(1,286	)
Net (loss) income attributable to common shareholders after allocation to participating securities	$	(271,433	)	$	36,851		$	(95,829	)
Denominators – Number of Shares
Basic – Average shares outstanding		367,362			365,294			360,946
Effect of dilutive securities – Stock options		—			267			—
Diluted – Average shares outstanding		367,362			365,561			360,946
(Loss) Earnings Per Share:
Basic	$	(0.74	)	$	0.10		$	(0.27	)
Diluted	$	(0.74	)	$	0.10		$	(0.27	)