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CONSOLIDATED STATEMENTS OF OPERATIONS OF ERP OPERATING LIMITED PARTNERSHIP (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
REVENUES    
Rental income $ 525,595 $ 464,550
Fee and asset management 2,064 1,806
Total revenues 527,659 466,356
EXPENSES    
Property and maintenance 112,379 105,047
Real estate taxes and insurance 55,987 52,139
Property management 23,409 22,381
Fee and asset management 1,307 948
Depreciation 174,737 158,455
General and administrative 13,688 11,433
Total expenses 381,507 350,403
Operating income 146,152 115,953
Interest and other income 172 1,011
Other expenses (7,067) (2,160)
Interest:    
Expense incurred, net (118,703) (120,528)
Amortization of deferred financing costs (2,974) (3,005)
Income (loss) before income and other taxes, (loss) from investments in unconsolidated entities, net gain (loss) on sales of unconsolidated entities and land parcels and discontinued operations 17,580 (8,729)
Income and other tax (expense) benefit (191) (184)
Income (loss) from continuing operations 17,389 (8,913)
Discontinued operations, net 134,778 141,979
Net income 152,167 133,066
Net (income) attributable to Noncontrolling Interests - Partially Owned Properties (450) 40
Net income attributable to controlling interests 145,299 127,331
Earnings per Unit - basic:    
Weighted average Units outstanding 312,011 306,248
Earnings per Unit - diluted:    
Weighted average Units outstanding 315,230 306,248
OPERATING PARTNERSHIP
   
REVENUES    
Rental income 525,595 464,550
Fee and asset management 2,064 1,806
Total revenues 527,659 466,356
EXPENSES    
Property and maintenance 112,379 105,047
Real estate taxes and insurance 55,987 52,139
Property management 23,409 22,381
Fee and asset management 1,307 948
Depreciation 174,737 158,455
General and administrative 13,688 11,433
Total expenses 381,507 350,403
Operating income 146,152 115,953
Interest and other income 172 1,011
Other expenses (7,067) (2,160)
Interest:    
Expense incurred, net (118,703) (120,528)
Amortization of deferred financing costs (2,974) (3,005)
Income (loss) before income and other taxes, (loss) from investments in unconsolidated entities, net gain (loss) on sales of unconsolidated entities and land parcels and discontinued operations 17,580 (8,729)
Income and other tax (expense) benefit (191) (184)
Income (loss) from continuing operations 17,389 (8,913)
Discontinued operations, net 134,778 141,979
Net income 152,167 133,066
Net (income) attributable to Noncontrolling Interests - Partially Owned Properties (450) 40
Net income attributable to controlling interests 151,717 133,106
ALLOCATION OF NET INCOME:    
Preference Units 3,466 3,466
General Partner 141,833 123,865
Limited Partners 6,418 5,775
Net income available to Units $ 148,251 $ 129,640
Earnings per Unit - basic:    
Income (loss) from continuing operations available to Units $ 0.043 $ (0.040)
Net income available to Units $ 0.475 $ 0.423
Weighted average Units outstanding 312,011 306,248
Earnings per Unit - diluted:    
Income (loss) from continuing operations available to Units $ 0.043 $ (0.040)
Net income available to Units $ 0.470 $ 0.423
Weighted average Units outstanding 315,230 306,248
Distributions declared per Unit outstanding $ 0.3375 $ 0.3375