Share-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of Assumptions and Fair Values for RSUs and LTIP Units Granted in the Period

The assumptions and fair values for the RSUs and market-based LTIP Units granted for the three months ended March 31, 2017 are included in the following table on a per share and unit basis.

	2017
Fair value of RSUs and market-based LTIP units granted	$	39.81
Expected term (years)	4
Expected volatility	—
Expected dividend yield	1.59		%
Risk-free rate	1.49		%