Company Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2012

Schedule Of Computation Of Basic And Diluted Net Income Per Share

For the three and nine months ended September 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 September 30,								Nine months ended September 30,
	2012				2011				2012				2011
Net income attributable to common shareholders (numerator):
Net income		$	22,322			$	8,828			$	65,357			$	21,675
Noncontrolling interests - consolidated real estate entities			(55	)			(9	)			(96	)			(56	)
Noncontrolling interests - Operating Partnership			(60	)			(25	)			(175	)			(54	)
Preferred stock dividends			(922	)			(922	)			(2,766	)			(3,533	)
Preferred stock redemption costs			—				—				—				(1,757	)
Unvested restricted stock (allocation of earnings)			(50	)			(25	)			(144	)			(51	)
Net income available to common shareholders		$	21,235			$	7,847			$	62,176			$	16,224
Common shares (denominator):
Weighted average shares outstanding - basic			54,115				50,651				53,661				49,862
Dilutive shares from stock options			277				402				340				397
Weighted average shares outstanding - diluted			54,392				51,053				54,001				50,259
Per-share amount:
Basic		$	0.39			$	0.15			$	1.16			$	0.33
Diluted		$	0.39			$	0.15			$	1.15			$	0.32

Apartment LLCs [Member]

Schedule Of Computation Of Basic And Diluted Net Income Per Share

For the three and nine months ended September 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 September 30,						Nine months ended September 30,
	2012			2011			2012			2011
Net income available to common unitholders (numerator):
Net income		$	22,322		$	8,828		$	65,357		$	21,675
Noncontrolling interests - consolidated real estate entities			(55)			(9)			(96)			(56)
Preferred unit distributions			(922)			(922)			(2,766)			(3,533)
Preferred unit redemption costs			-			-			-			(1,757)
Unvested restricted stock (allocation of earnings)			(50)			(25)			(144)			(51)
Net income available to common unitholders		$	21,295		$	7,872		$	62,351		$	16,278
Common units (denominator):
Weighted average units outstanding - basic			54,259			50,813			53,809			50,029
Dilutive units from stock options			277			402			340			397
Weighted average units outstanding - diluted			54,536			51,215			54,149			50,426
Per-unit amount:
Basic		$	0.39		$	0.15		$	1.16		$	0.33
Diluted		$	0.39		$	0.15		$	1.15		$	0.32