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Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Schedule of Calculation of Numerator and Denominator in Earnings Per Share

 

 

 

 

 

 

 

 

 

Years ended December 31,

 

 

2013

 

2012

 

2011

Numerator

 

 

 

 

 

 

Income (loss) from continuing operations

 

$           5,037,000 

 

$         23,836,000 

 

$        (28,139,000)

Preferred stock dividends

 
(14,413,000)

 
(14,819,000)

 
(14,200,000)

Preferred stock redemption costs

 
(1,166,000)

 
(4,998,000)

 

 -

Net loss attributable to noncontrolling interests

 
247,000 

 
375,000 

 
920,000 

Net earnings allocated to unvested shares

 
(758,000)

 
(806,000)

 
(810,000)

(Loss) income from continuing operations attributable to common

 

 

 

 

 

 

shareholders

 
(11,053,000)

 
3,588,000 

 
(42,229,000)

Results from discontinued operations, net of noncontrolling interests

 
9,164,000 

 
5,495,000 

 
(76,342,000)

Net (loss) income attributable to common shareholders, basic and diluted

 

$          (1,889,000)

 

$           9,083,000 

 

$      (118,571,000)

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

Weighted average number of vested common shares outstanding

 
68,381,000 

 
68,017,000 

 
66,387,000 

 

 

 

 

 

 

 

(Loss) earnings per common share, basic and fully diluted

 

 

 

 

 

 

Continuing operations

 

$                   (0.16)

 

$                    0.05 

 

$                   (0.64)

Discontinued operations

 

$                    0.13 

 

$                    0.08 

 

$                   (1.15)

 

 

$                   (0.03)

 

$                    0.13 

 

$                   (1.79)