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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Schedule Of Calculation Of Numerator And Denominator In Earnings Per Share

 

 

 

 

 

 

 

 

 

Years ended December 31,

 

 

2015

 

2014

 

2013

Numerator

 

 

 

 

 

 

Income from continuing operations

 

$       21,616,000

 

$       17,611,000

 

$         4,519,000

Preferred stock dividends

 

(14,408,000)

 

(14,408,000)

 

(14,413,000)

Preferred stock redemption costs

 

 -

 

 -

 

(1,166,000)

Net loss attributable to noncontrolling interests

 

366,000 

 

358,000 

 

247,000 

Net earnings allocated to unvested shares

 

(701,000)

 

(734,000)

 

(758,000)

Income (loss) from continuing operations attributable

 

 

 

 

 

 

to vested common shares

 

6,873,000 

 

2,827,000 

 

(11,571,000)

Income from discontinued operations, net of

 

 

 

 

 

 

noncontrolling interests, attributable to vested

 

 

 

 

 

 

common shares

 

164,000 

 

11,012,000 

 

9,682,000 

Net income (loss) attributable to vested common shares outstanding

 

$         7,037,000

 

$       13,839,000

 

$         (1,889,000)

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

Weighted average number of vested common shares outstanding

 

81,356,000 

 

75,311,000 

 

68,381,000 

 

 

 

 

 

 

 

Earnings per vested common share, basic and diluted

 

 

 

 

 

 

Continuing operations

 

$                  0.09

 

$                  0.04

 

$                  (0.17)

Discontinued operations

 

$                  0.00

 

$                  0.14

 

$                  0.14

 

 

$                  0.09

 

$                  0.18

 

$                  (0.03)