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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Schedule Of Calculation Of Numerator And Denominator In Earnings Per Share

 

 

 

 

 

 

 

 

 

Years ended December 31,

 

 

2014

 

2013

 

2012

Numerator

 

 

 

 

 

 

Income from continuing operations

 

$            17,611,000 

 

$              4,519,000 

 

$            24,094,000 

Preferred stock dividends

 

(14,408,000)

 

(14,413,000)

 

(14,819,000)

Preferred stock redemption costs

 

 -

 

(1,166,000)

 

(4,998,000)

Net loss attributable to noncontrolling interests

 

358,000 

 

247,000 

 

375,000 

Net earnings allocated to unvested shares

 

(734,000)

 

(758,000)

 

(806,000)

Income (loss) from continuing operations attributable to vested

 

 

 

 

 

 

common shares

 

2,827,000 

 

(11,571,000)

 

3,846,000 

Income from discontinued operations, net of noncontrolling

 

 

 

 

 

 

interests, attributable to vested common shares

 

11,012,000 

 

9,682,000 

 

5,237,000 

Net income (loss) attributable to vested common shares outstanding

 

$            13,839,000 

 

$             (1,889,000)

 

$              9,083,000 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

Weighted average number of vested common shares outstanding

 

75,311,000 

 

68,381,000 

 

68,017,000 

 

 

 

 

 

 

 

Earnings (loss) per vested common share, basic and diluted

 

 

 

 

 

 

Continuing operations

 

$                       0.04 

 

$                      (0.17)

 

$                       0.05 

Discontinued operations

 

$                       0.14 

 

$                       0.14 

 

$                       0.08 

 

 

$                       0.18 

 

$                      (0.03)

 

$                       0.13