Per Unit Data

3 Months Ended

Mar. 31, 2014

Per Unit Data

Per Unit Data

4. Per Unit Data

            We determine basic earnings per unit based on the weighted average number of units outstanding during the period and we consider any participating securities for purposes of applying the two-class method. We determine diluted earnings per unit based on the weighted average number of units outstanding combined with the incremental weighted average units that would have been outstanding assuming all potentially dilutive securities were converted into units at the earliest date possible. The following table sets forth the computation of our basic and diluted earnings per unit.

	For the Three Months Ended March 31,
	2014		2013
Net Income attributable to Unitholders — Basic & Diluted	$	399,267	$	330,694
Weighted Average Units Outstanding — Basic		363,008,959		362,051,682
Effect of stock options of Simon Property		—		203
Weighted Average Units Outstanding — Diluted		363,008,959		362,051,885

            For the three months ended March 31, 2014, potentially dilutive securities include long-term incentive performance units, or LTIP units. No securities had a dilutive effect for the three months ended March 31, 2014. The only security that had a dilutive effect for the three months ended March 31, 2013 were stock options of Simon Property. We accrue distributions when they are declared.