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CONSOLIDATED STATEMENTS OF OPERATIONS OF ERP OPERATING LIMITED PARTNERSHIP (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
REVENUES      
Rental income $ 1,870,309 $ 1,644,642 $ 1,446,781
Fee and asset management 9,573 9,026 9,476
Total revenues 1,879,882 1,653,668 1,456,257
EXPENSES      
Property and maintenance 365,778 337,419 323,743
Real estate taxes and insurance 219,975 190,834 172,531
Property management 81,902 81,867 79,857
Fee and asset management 4,663 4,279 4,998
Depreciation 593,884 539,351 505,516
General and administrative 47,238 43,604 39,881
Impairment 0 0 45,380
Total expenses 1,313,440 1,197,354 1,171,906
Operating income 566,442 456,314 284,351
Interest and other income 150,546 7,965 4,476
Other expenses (27,320) (14,209) (11,597)
Interest:      
Expense incurred, net (456,763) (461,754) (457,613)
Amortization of deferred financing costs (21,320) (16,651) (9,453)
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 211,585 (28,335) (189,836)
Income and other tax (expense) benefit (516) (708) (270)
(Loss) from investments in unconsolidated entities (14) 0 (735)
Net gain on sales of unconsolidated entities 0 0 28,101
Net gain (loss) on sales of land parcels 0 4,217 (1,395)
(Loss) income from continuing operations 211,055 (24,826) (164,135)
Discontinued operations, net 670,149 960,023 460,118
Net income 881,204 935,197 295,983
Net (income) attributable to Noncontrolling Interests - Partially Owned Properties (844) (832) 726
Net income attributable to controlling interests 841,719 893,585 283,610
ALLOCATION OF NET INCOME:      
Redemption Premium 5,152 0 0
Earnings per Unit - basic:      
Income (Loss) from Continuing Operations, Per Basic Share $ 0.614 $ (0.128) $ (0.599)
Earnings Per Share, Basic $ 2.729 $ 2.984 $ 0.952
Weighted average Units outstanding 316,554 308,062 296,527
Earnings per Unit - diluted:      
Income (Loss) from Continuing Operations, Per Diluted Share $ 0.609 $ (0.128) $ (0.599)
Earnings Per Share, Diluted $ 2.705 $ 2.984 $ 0.952
Weighted average Units outstanding 319,766 308,062 296,527
OPERATING PARTNERSHIP
     
REVENUES      
Rental income 1,870,309 1,644,642 1,446,781
Fee and asset management 9,573 9,026 9,476
Total revenues 1,879,882 1,653,668 1,456,257
EXPENSES      
Property and maintenance 365,778 337,419 323,743
Real estate taxes and insurance 219,975 190,834 172,531
Property management 81,902 81,867 79,857
Fee and asset management 4,663 4,279 4,998
Depreciation 593,884 539,351 505,516
General and administrative 47,238 43,604 39,881
Impairment 0 0 45,380
Total expenses 1,313,440 1,197,354 1,171,906
Operating income 566,442 456,314 284,351
Interest and other income 150,546 7,965 4,476
Other expenses (27,320) (14,209) (11,597)
Interest:      
Expense incurred, net (456,763) (461,754) (457,613)
Amortization of deferred financing costs (21,320) (16,651) (9,453)
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 211,585 (28,335) (189,836)
Income and other tax (expense) benefit (516) (708) (270)
(Loss) from investments in unconsolidated entities (14) 0 (735)
Net gain on sales of unconsolidated entities 0 0 28,101
Net gain (loss) on sales of land parcels 0 4,217 (1,395)
(Loss) income from continuing operations 211,055 (24,826) (164,135)
Discontinued operations, net 670,149 960,023 460,118
Net income 881,204 935,197 295,983
Net (income) attributable to Noncontrolling Interests - Partially Owned Properties (844) (832) 726
Net income attributable to controlling interests 880,360 934,365 296,709
ALLOCATION OF NET INCOME:      
Preference Units 10,355 13,865 14,368
Redemption Premium 5,152 0 0
General Partner 826,212 879,720 269,242
Limited Partners 38,641 40,780 13,099
Net income available to Units $ 864,853 $ 920,500 $ 282,341
Earnings per Unit - basic:      
Income (Loss) from Continuing Operations, Per Basic Share $ 0.614 $ (0.128) $ (0.599)
Earnings Per Share, Basic $ 2.729 $ 2.984 $ 0.952
Weighted average Units outstanding 316,554 308,062 296,527
Earnings per Unit - diluted:      
Income (Loss) from Continuing Operations, Per Diluted Share $ 0.609 $ (0.128) $ (0.599)
Earnings Per Share, Diluted $ 2.705 $ 2.984 $ 0.952
Weighted average Units outstanding 319,766 308,062 296,527