Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2016

The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the 2016, 2015 and 2014, respectively:

	Years ended December 31,
	2016			2015			2014
Numerator
Income from continuing operations	$	8,764,000		$	21,616,000		$	17,611,000
Preferred stock dividends		(14,408,000	)		(14,408,000	)		(14,408,000	)
Net loss attributable to noncontrolling interests		179,000			366,000			358,000
Net earnings allocated to unvested shares		(715,000	)		(701,000	)		(734,000	)
(Loss) income from continuing operations attributable to vested common shares		(6,180,000	)		6,873,000			2,827,000
Income from discontinued operations, net of noncontrolling interests, attributable to vested common shares		-			164,000			11,012,000
Net (loss) income attributable to vested common shares outstanding	$	(6,180,000	)	$	7,037,000		$	13,839,000
Denominator
Weighted average number of vested common shares outstanding		81,672,000			81,356,000			75,311,000
Earnings per vested common share, basic and diluted
Continuing operations	$	(0.08	)	$	0.09		$	0.04
Discontinued operations		0.00			0.00			0.14
	$	(0.08	)	$	0.09		$	0.18