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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
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
REVENUES    
Rental income $ 537,002,000 $ 444,384,000
Fee and asset management 2,160,000 2,064,000
Total revenues 539,162,000 446,448,000
EXPENSES    
Property and maintenance 107,083,000 92,952,000
Real estate taxes and insurance 68,647,000 52,440,000
Property management 22,489,000 23,339,000
Fee and asset management 1,646,000 1,307,000
Depreciation 205,272,000 148,246,000
General and administrative 16,496,000 13,688,000
Total expenses 421,633,000 331,972,000
Operating income 117,529,000 114,476,000
Interest and other income 256,000 169,000
Other expenses (2,564,000) (5,807,000)
Merger Expenses 19,092,000 1,149,000
Interest:    
Expense incurred, net (195,685,000) (118,011,000)
Amortization of deferred financing costs (7,023,000) (2,934,000)
Income before income and other taxes, net gain on sales of land parcels and discontinued operations (106,579,000) (13,256,000)
Income and other tax (expense) benefit (407,000) (170,000)
Loss from investments in unconsolidated entities (355,000) 0
Income Loss From Equity Method Investments Merger Expenses (46,011,000) 0
Income from continuing operations (153,352,000) (13,426,000)
Discontinued operations, net 1,214,386,000 165,593,000
Net income 1,061,034,000 152,167,000
Net (income) attributable to Noncontrolling Interests - Partially Owned Properties (25,000) (450,000)
Net income attributable to controlling interests 1,017,686,000 145,299,000
Earnings per Unit - basic:    
Income (loss) from continuing operations available to Units $ (0.439) $ (0.055)
Net income available to Units $ 3.012 $ 0.475
Earnings per Unit - diluted:    
Income (loss) from continuing operations available to Units $ (0.439) $ (0.055)
Net income available to Units $ 3.012 $ 0.475
OPERATING PARTNERSHIP
   
REVENUES    
Rental income 537,002,000 444,384,000
Fee and asset management 2,160,000 2,064,000
Total revenues 539,162,000 446,448,000
EXPENSES    
Property and maintenance 107,083,000 92,952,000
Real estate taxes and insurance 68,647,000 52,440,000
Property management 22,489,000 23,339,000
Fee and asset management 1,646,000 1,307,000
Depreciation 205,272,000 148,246,000
General and administrative 16,496,000 13,688,000
Total expenses 421,633,000 331,972,000
Operating income 117,529,000 114,476,000
Interest and other income 256,000 169,000
Other expenses (2,564,000) (5,807,000)
Merger Expenses (19,092,000) (1,149,000)
Interest:    
Expense incurred, net (195,685,000) (118,011,000)
Amortization of deferred financing costs (7,023,000) (2,934,000)
Income before income and other taxes, net gain on sales of land parcels and discontinued operations (106,579,000) (13,256,000)
Income and other tax (expense) benefit (407,000) (170,000)
Loss from investments in unconsolidated entities (355,000) 0
Income Loss From Equity Method Investments Merger Expenses (46,011,000) 0
Income from continuing operations (153,352,000) (13,426,000)
Discontinued operations, net 1,214,386,000 165,593,000
Net income 1,061,034,000 152,167,000
Net (income) attributable to Noncontrolling Interests - Partially Owned Properties (25,000) (450,000)
Net income attributable to controlling interests 1,061,009,000 151,717,000
ALLOCATION OF NET INCOME:    
Preference Units 1,036,000 3,466,000
General Partner 1,016,650,000 141,833,000
Limited Partners 43,323,000 6,418,000
Net income available to Units $ 1,059,973,000 $ 148,251,000
Earnings per Unit - basic:    
Income (loss) from continuing operations available to Units $ (0.440) $ (0.060)
Net income available to Units $ 3.012 $ 0.470
Weighted average Units outstanding 351,255 312,011
Earnings per Unit - diluted:    
Income (loss) from continuing operations available to Units $ (0.440) $ (0.060)
Net income available to Units $ 3.010 $ 0.470
Weighted average Units outstanding 351,255 312,011
Distributions declared per Unit outstanding $ 0.40 $ 0.3375