Company Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2012

Schedule Of Computation Of Basic And Dilluted Net Income (Loss) Per Share

For the three and six months ended June 30, 2012 and 2011, a reconciliation of the numerator and denominator used in the computation of basic and diluted net income per share was as follows:

	Three months ended June 30,								Six months ended June 30,
	2012				2011				2012				2011
Net income attributable to common shareholders (numerator):
Net income		$	21,170				9,834			$	43,035			$	12,847
Noncontrolling interests - consolidated real estate entities			(35	)			(58	)			(41	)			(47	)
Noncontrolling interests - Operating Partnership			(56	)			(30	)			(115	)			(29	)
Preferred stock dividends			(922	)			(922	)			(1,844	)			(2,611	)
Preferred stock redemption costs			—				—				—				(1,757	)
Unvested restricted stock (allocation of earnings)			(48	)			(29	)			(94	)			(26	)
Net income (loss) available to common shareholders		$	20,109			$	8,795			$	40,941			$	8,377
Common shares (denominator):
Weighted average shares outstanding - basic			53,773				49,875				53,430				49,460
Dilutive shares from stock options			323				391				369				394
Weighted average shares outstanding - diluted			54,096				50,266				53,799				49,854
Per-share amount:
Basic		$	0.37			$	0.18			$	0.77			$	0.17
Diluted		$	0.37			$	0.17			$	0.76			$	0.17

Apartment LLCs [Member]

Schedule Of Computation Of Basic And Dilluted Net Income (Loss) Per Share

For the three and six months ended June 30, 2012 and 2011, a reconciliation of the numerator and denominator used in the computation of basic and diluted net income per unit was as follows:

	Three months ended June 30,						Six months ended June 30,
	2012			2011			2012			2011
Net income available to common unitholders (numerator):
Net income		$	21,170		$	9,834		$	43,035		$	12,847
Noncontrolling interests - consolidated real estate entities			(35)			(58)			(41)			(47)
Preferred unit distributions			(922)			(922)			(1,844)			(2,611)
Preferred unit redemption costs			-			-			-			(1,757)
Unvested restricted stock (allocation of earnings)			(48)			(29)			(94)			(26)
Net income (loss) available to common unitholders		$	20,165		$	8,825		$	41,056		$	8,406
Common units (denominator):
Weighted average units outstanding - basic			53,923			50,044			53,581			49,630
Dilutive units from stock options			323			391			369			394
Weighted average units outstanding - diluted			54,246			50,435			53,950			50,024
Per-unit amount:
Basic		$	0.37		$	0.18		$	0.77		$	0.17
Diluted		$	0.37		$	0.17		$	0.76		$	0.17