Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2015

Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block]

The following tables set forth the computation of net income per share – basic and net income per share – diluted for the Company (amounts in thousands except per share amounts):

	Six Months Ended June 30,						Quarter Ended June 30,
	2015			2014			2015			2014
Numerator for net income per share – basic:
Income from continuing operations	$	488,573		$	198,890		$	298,504		$	117,210
Allocation to Noncontrolling Interests – Operating Partnership, net	(18,403		)	(7,475		)	(11,350		)	(4,422		)
Net (income) attributable to Noncontrolling Interests – Partially Owned Properties	(1,487		)	(1,092		)	(844		)	(588		)
Preferred distributions	(1,724		)	(2,072		)	(833		)	(1,036		)
Premium on redemption of Preferred Shares	(2,789		)	—			—			—
Income from continuing operations available to Common Shares, net of Noncontrolling Interests	464,170			188,251			285,477			111,164
Discontinued operations, net of Noncontrolling Interests	259			1,502			110			490
Numerator for net income per share – basic	$	464,429		$	189,753		$	285,587		$	111,654
Numerator for net income per share – diluted:
Income from continuing operations	$	488,573		$	198,890		$	298,504		$	117,210
Net (income) attributable to Noncontrolling Interests – Partially Owned Properties	(1,487		)	(1,092		)	(844		)	(588		)
Preferred distributions	(1,724		)	(2,072		)	(833		)	(1,036		)
Premium on redemption of Preferred Shares	(2,789		)	—			—			—
Income from continuing operations available to Common Shares	482,573			195,726			296,827			115,586
Discontinued operations, net	269			1,562			114			510
Numerator for net income per share – diluted	$	482,842		$	197,288		$	296,941		$	116,096
Denominator for net income per share – basic and diluted:
Denominator for net income per share – basic	363,288			360,641			363,476			360,809
Effect of dilutive securities:
OP Units	13,592			13,736			13,587			13,742
Long-term compensation shares/units	3,466			2,403			3,428			2,567
Denominator for net income per share – diluted	380,346			376,780			380,491			377,118
Net income per share – basic	$	1.28		$	0.53		$	0.79		$	0.31
Net income per share – diluted	$	1.27		$	0.52		$	0.78		$	0.31
Net income per share – basic:
Income from continuing operations available to Common Shares, net of Noncontrolling Interests	$	1.28		$	0.52		$	0.79		$	0.31
Discontinued operations, net of Noncontrolling Interests	—			0.01			—			—
Net income per share – basic	$	1.28		$	0.53		$	0.79		$	0.31
Net income per share – diluted:
Income from continuing operations available to Common Shares	$	1.27		$	0.52		$	0.78		$	0.31
Discontinued operations, net	—			—			—			—
Net income per share – diluted	$	1.27		$	0.52		$	0.78		$	0.31

OPERATING PARTNERSHIP

Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block]

The following tables set forth the computation of net income per Unit – basic and net income per Unit – diluted for the Operating Partnership (amounts in thousands except per Unit amounts):

	Six Months Ended June 30,						Quarter Ended June 30,
	2015			2014			2015			2014
Numerator for net income per Unit – basic and diluted:
Income from continuing operations	$	488,573		$	198,890		$	298,504		$	117,210
Net (income) attributable to Noncontrolling Interests – Partially Owned Properties	(1,487		)	(1,092		)	(844		)	(588		)
Allocation to Preference Units	(1,724		)	(2,072		)	(833		)	(1,036		)
Allocation to premium on redemption of Preference Units	(2,789		)	—			—			—
Income from continuing operations available to Units	482,573			195,726			296,827			115,586
Discontinued operations, net	269			1,562			114			510
Numerator for net income per Unit – basic and diluted	$	482,842		$	197,288		$	296,941		$	116,096
Denominator for net income per Unit – basic and diluted:
Denominator for net income per Unit – basic	376,880			374,377			377,063			374,551
Effect of dilutive securities:
Dilution for Units issuable upon assumed exercise/vesting of the Company’s long-term compensation shares/units	3,466			2,403			3,428			2,567
Denominator for net income per Unit – diluted	380,346			376,780			380,491			377,118
Net income per Unit – basic	$	1.28		$	0.53		$	0.79		$	0.31
Net income per Unit – diluted	$	1.27		$	0.52		$	0.78		$	0.31
Net income per Unit – basic:
Income from continuing operations available to Units	$	1.28		$	0.52		$	0.79		$	0.31
Discontinued operations, net	—			0.01			—			—
Net income per Unit – basic	$	1.28		$	0.53		$	0.79		$	0.31
Net income per Unit – diluted:
Income from continuing operations available to Units	$	1.27		$	0.52		$	0.78		$	0.31
Discontinued operations, net	—			—			—			—
Net income per Unit – diluted	$	1.27		$	0.52		$	0.78		$	0.31