Earnings (Loss) Per Common Share Unit

6 Months Ended

Jun. 30, 2011

Earnings (Loss) Per Share Common Share Unit [Abstract]

Earnings (Loss) Per Common Share Unit

13. Earnings (Loss) Per Common Share / Unit

We determine basic earnings per share/unit based on the weighted average number of shares of common stock/units outstanding during the period. We compute diluted earnings per share/unit based on the weighted average number of shares of common stock/units outstanding combined with the incremental weighted average effect from all outstanding potentially dilutive instruments.

The following tables set forth the computation of basic and diluted earnings per share/unit (in thousands, except per share/unit amounts):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
REIT	2011 (1)		2010 (1)		2011 (1)		2010 (1)
Net loss attributable to common shares	$	(151,471)	$	(23,150)	$	(198,087)	$	(114,279)
Weighted average common shares outstanding - Basic and Diluted		307,756		212,840		281,384		212,441
Net loss per share attributable to common shares - Basic and Diluted	$	(0.49)	$	(0.11)	$	(0.70)	$	(0.54)
Operating Partnership
Net loss attributable to common partnership units	$	(151,471)	$	(23,150)	$	(198,087)	$	(114,279)
Weighted average common partnership units outstanding - Basic and Diluted		308,389		212,840		281,702		212,441
Net loss per unit attributable to common unitholders - Basic and Diluted	$	(0.49)	$	(0.11)	$	(0.70)	$	(0.54)

(1)       In periods with a net loss, the inclusion of any incremental shares /units is anti-dilutive, and therefore, both basic and diluted shares/units are the same.