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CONSOLIDATED STATEMENTS OF OPERATIONS OF ERP OPERATING LIMITED PARTNERSHIP (Unaudited) (USD $)
Share data in Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
REVENUES      
Rental income $ 1,960,243,000 $ 1,744,768,000 $ 1,610,469,000
Fee and asset management 9,026,000 9,476,000 10,346,000
Total revenues 1,969,269,000 1,754,244,000 1,620,815,000
EXPENSES      
Property and maintenance 412,233,000 397,573,000 365,448,000
Real estate taxes and insurance 219,743,000 209,023,000 187,895,000
Property management 82,133,000 80,087,000 71,300,000
Fee and asset management 4,279,000 4,998,000 7,345,000
Depreciation 642,415,000 608,612,000 514,200,000
General and administrative 43,606,000 39,881,000 38,985,000
Impairment 0 45,380,000 11,124,000
Total expenses 1,404,409,000 1,385,554,000 1,196,297,000
Operating income 564,860,000 368,690,000 424,518,000
Interest and other income 7,977,000 5,166,000 16,578,000
Other expenses (14,557,000) (11,928,000) (6,477,000)
Interest:      
Expense incurred, net (468,320,000) (465,792,000) (490,670,000)
Amortization of deferred financing costs (17,006,000) (10,114,000) (12,327,000)
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 72,954,000 (113,978,000) (68,378,000)
Income and other tax (expense) benefit (728,000) (292,000) (2,716,000)
(Loss) from investments in unconsolidated entities 0 (735,000) (2,815,000)
Net gain on sales of unconsolidated entities 0 28,101,000 10,689,000
Net gain (loss) on sales of land parcels 4,217,000 (1,395,000) 0
(Loss) income from continuing operations 76,443,000 (88,299,000) (63,220,000)
Discontinued operations, net 858,754,000 384,282,000 445,249,000
Net income 935,197,000 295,983,000 382,029,000
Net (income) attributable to Noncontrolling Interests - Partially Owned Properties (832,000) 726,000 558,000
Net income attributable to controlling interests 893,585,000 283,610,000 362,273,000
ALLOCATION OF NET INCOME:      
Preference Interests and Junior Preference Units 0 0 9,000
Earnings per Unit - basic:      
Weighted average Units outstanding 308,062 296,527 289,167
Earnings per Unit - diluted:      
Weighted average Units outstanding 312,065 296,527 289,167
OPERATING PARTNERSHIP
     
REVENUES      
Rental income 1,960,243,000 1,744,768,000 1,610,469,000
Fee and asset management 9,026,000 9,476,000 10,346,000
Total revenues 1,969,269,000 1,754,244,000 1,620,815,000
EXPENSES      
Property and maintenance 412,233,000 397,573,000 365,448,000
Real estate taxes and insurance 219,743,000 209,023,000 187,895,000
Property management 82,133,000 80,087,000 71,300,000
Fee and asset management 4,279,000 4,998,000 7,345,000
Depreciation 642,415,000 608,612,000 514,200,000
General and administrative 43,606,000 39,881,000 38,985,000
Impairment 0 45,380,000 11,124,000
Total expenses 1,404,409,000 1,385,554,000 1,196,297,000
Operating income 564,860,000 368,690,000 424,518,000
Interest and other income 7,977,000 5,166,000 16,578,000
Other expenses (14,557,000) (11,928,000) (6,477,000)
Interest:      
Expense incurred, net (468,320,000) (465,792,000) (490,670,000)
Amortization of deferred financing costs (17,006,000) (10,114,000) (12,327,000)
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 72,954,000 (113,978,000) (68,378,000)
Income and other tax (expense) benefit (728,000) (292,000) (2,716,000)
(Loss) from investments in unconsolidated entities 0 (735,000) (2,815,000)
Net gain on sales of unconsolidated entities 0 28,101,000 10,689,000
Net gain (loss) on sales of land parcels 4,217,000 (1,395,000) 0
(Loss) income from continuing operations 76,443,000 (88,299,000) (63,220,000)
Discontinued operations, net 858,754,000 384,282,000 445,249,000
Net income 935,197,000 295,983,000 382,029,000
Net (income) attributable to Noncontrolling Interests - Partially Owned Properties (832,000) 726,000 558,000
Net income attributable to controlling interests 934,365,000 296,709,000 382,587,000
ALLOCATION OF NET INCOME:      
Preference Units 13,865,000 14,368,000 14,479,000
Preference Interests and Junior Preference Units 0 0 9,000
General Partner 879,720,000 269,242,000 347,794,000
Limited Partners 40,780,000 13,099,000 20,305,000
Net income available to Units $ 920,500,000 $ 282,341,000 $ 368,099,000
Earnings per Unit - basic:      
Income (loss) from continuing operations available to Units $ 0.200 $ (0.344) $ (0.266)
Net income available to Units $ 2.984 $ 0.952 $ 1.271
Weighted average Units outstanding 308,062 296,527 289,167
Earnings per Unit - diluted:      
Income (loss) from continuing operations available to Units $ 0.198 $ (0.344) $ (0.266)
Net income available to Units $ 2.950 $ 0.952 $ 1.271
Weighted average Units outstanding 312,065 296,527 289,167