|
COMPANY EARNINGS PER SHARE
|
9 Months Ended |
|
Sep. 30, 2014
|
| COMPANY EARNINGS PER SHARE |
| 6. |
COMPANY EARNINGS PER
SHARE |
For the three and nine months ended September 30, 2014 and
2013, a reconciliation of the numerator and denominator used in the
computation of basic and diluted income from continuing operations
per share was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three months ended
September 30, |
|
|
Nine months ended
September 30, |
|
| |
|
2014 |
|
|
2013 |
|
|
2014 |
|
|
2013 |
|
|
Income from continuing operations available to common
shareholders (numerator):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations
|
|
$ |
156,435 |
|
|
$ |
18,632 |
|
|
$ |
218,679 |
|
|
$ |
65,760 |
|
|
Noncontrolling interests - consolidated real estate entities
|
|
|
(22,416 |
) |
|
|
(32 |
) |
|
|
(22,554 |
) |
|
|
(87 |
) |
|
Noncontrolling interests - Operating Partnership
|
|
|
(313 |
) |
|
|
(47 |
) |
|
|
(464 |
) |
|
|
(164 |
) |
|
Preferred stock dividends
|
|
|
(922 |
) |
|
|
(922 |
) |
|
|
(2,766 |
) |
|
|
(2,766 |
) |
|
Unvested restricted stock (allocation of earnings)
|
|
|
(314 |
) |
|
|
(39 |
) |
|
|
(435 |
) |
|
|
(136 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations available to common
shareholders
|
|
$ |
132,470 |
|
|
$ |
17,592 |
|
|
$ |
192,460 |
|
|
$ |
62,607 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common shares (denominator):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average shares outstanding - basic
|
|
|
54,301 |
|
|
|
54,371 |
|
|
|
54,233 |
|
|
|
54,424 |
|
|
Dilutive shares from stock options
|
|
|
72 |
|
|
|
168 |
|
|
|
103 |
|
|
|
187 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average shares outstanding - diluted
|
|
|
54,373 |
|
|
|
54,539 |
|
|
|
54,336 |
|
|
|
54,611 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per-share amount:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
$ |
2.44 |
|
|
$ |
0.32 |
|
|
$ |
3.55 |
|
|
$ |
1.15 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted
|
|
$ |
2.44 |
|
|
$ |
0.32 |
|
|
$ |
3.54 |
|
|
$ |
1.15 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock options to purchase 55 and 186 shares of common stock for the
three months and 62 and 57 shares of common stock for the nine
months ended September 30, 2014 and 2013, respectively, were
excluded from the computation of diluted income from continuing
operations per common share as these stock options were
antidilutive.
|
|
Post Apartment Homes, L.P. [Member]
|
|
| COMPANY EARNINGS PER SHARE |
| 7. |
OPERATING PARTNERSHIP EARNINGS PER
UNIT |
For the three and nine months ended September 30, 2014 and
2013, a reconciliation of the numerator and denominator used in the
computation of basic and diluted income from continuing operations
per unit was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three months ended
September 30, |
|
|
Nine months ended
September 30, |
|
| |
|
2014 |
|
|
2013 |
|
|
2014 |
|
|
2013 |
|
|
Income from continuing operations available to common
unitholders (numerator):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations
|
|
$ |
156,435 |
|
|
$ |
18,632 |
|
|
$ |
218,679 |
|
|
$ |
65,760 |
|
|
Noncontrolling interests - consolidated real estate entities
|
|
|
(22,416 |
) |
|
|
(32 |
) |
|
|
(22,554 |
) |
|
|
(87 |
) |
|
Preferred unit distributions
|
|
|
(922 |
) |
|
|
(922 |
) |
|
|
(2,766 |
) |
|
|
(2,766 |
) |
|
Unvested restricted stock (allocation of earnings)
|
|
|
(314 |
) |
|
|
(39 |
) |
|
|
(435 |
) |
|
|
(136 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations available to common
unitholders
|
|
$ |
132,783 |
|
|
$ |
17,639 |
|
|
$ |
192,924 |
|
|
$ |
62,771 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common units (denominator):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average units outstanding - basic
|
|
|
54,431 |
|
|
|
54,514 |
|
|
|
54,366 |
|
|
|
54,567 |
|
|
Dilutive units from stock options
|
|
|
72 |
|
|
|
168 |
|
|
|
103 |
|
|
|
187 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average units outstanding - diluted
|
|
|
54,503 |
|
|
|
54,682 |
|
|
|
54,469 |
|
|
|
54,754 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Per-unit amount:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
$ |
2.44 |
|
|
$ |
0.32 |
|
|
$ |
3.55 |
|
|
$ |
1.15 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted
|
|
$ |
2.44 |
|
|
$ |
0.32 |
|
|
$ |
3.54 |
|
|
$ |
1.15 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock options to purchase 55 and 186 shares of common stock for the
three months ended and 62 and 57 shares of common stock for the
nine months ended September 30, 2014 and 2013, respectively,
were excluded from the computation of diluted income from
continuing operations per common unit as these stock options were
antidilutive.
|