Earnings Per Share (Tables)

9 Months Ended

Sep. 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):

	Nine Months Ended September 30,						Quarter Ended September 30,
	2015			2014			2015			2014
Numerator for net income per share – basic:
Income from continuing operations	$	693,948		$	430,142		$	205,375		$	231,252
Allocation to Noncontrolling Interests – Operating Partnership, net	(26,178		)	(16,216		)	(7,775		)	(8,740		)
Net (income) attributable to Noncontrolling Interests – Partially Owned Properties	(2,473		)	(1,800		)	(986		)	(708		)
Preferred distributions	(2,557		)	(3,109		)	(833		)	(1,037		)
Premium on redemption of Preferred Shares	(2,789		)	—			—			—
Income from continuing operations available to Common Shares, net of Noncontrolling Interests	659,951			409,017			195,781			220,767
Discontinued operations, net of Noncontrolling Interests	337			1,443			78			(60		)
Numerator for net income per share – basic	$	660,288		$	410,460		$	195,859		$	220,707
Numerator for net income per share – diluted:
Income from continuing operations	$	693,948		$	430,142		$	205,375		$	231,252
Net (income) attributable to Noncontrolling Interests – Partially Owned Properties	(2,473		)	(1,800		)	(986		)	(708		)
Preferred distributions	(2,557		)	(3,109		)	(833		)	(1,037		)
Premium on redemption of Preferred Shares	(2,789		)	—			—			—
Income from continuing operations available to Common Shares	686,129			425,233			203,556			229,507
Discontinued operations, net	350			1,500			81			(62		)
Numerator for net income per share – diluted	$	686,479		$	426,733		$	203,637		$	229,445
Denominator for net income per share – basic and diluted:
Denominator for net income per share – basic	363,386			360,900			363,579			361,409
Effect of dilutive securities:
OP Units	13,584			13,726			13,568			13,707
Long-term compensation shares/units	3,453			2,602			3,516			2,838
Denominator for net income per share – diluted	380,423			377,228			380,663			377,954
Net income per share – basic	$	1.82		$	1.14		$	0.54		$	0.61
Net income per share – diluted	$	1.80		$	1.13		$	0.53		$	0.61
Net income per share – basic:
Income from continuing operations available to Common Shares, net of Noncontrolling Interests	$	1.82		$	1.13		$	0.54		$	0.61
Discontinued operations, net of Noncontrolling Interests	—			0.01			—			—
Net income per share – basic	$	1.82		$	1.14		$	0.54		$	0.61
Net income per share – diluted:
Income from continuing operations available to Common Shares	$	1.80		$	1.13		$	0.53		$	0.61
Discontinued operations, net	—			—			—			—
Net income per share – diluted	$	1.80		$	1.13		$	0.53		$	0.61

ERPOP [Member]

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):

	Nine Months Ended September 30,						Quarter Ended September 30,
	2015			2014			2015			2014
Numerator for net income per Unit – basic and diluted:
Income from continuing operations	$	693,948		$	430,142		$	205,375		$	231,252
Net (income) attributable to Noncontrolling Interests – Partially Owned Properties	(2,473		)	(1,800		)	(986		)	(708		)
Allocation to Preference Units	(2,557		)	(3,109		)	(833		)	(1,037		)
Allocation to premium on redemption of Preference Units	(2,789		)	—			—			—
Income from continuing operations available to Units	686,129			425,233			203,556			229,507
Discontinued operations, net	350			1,500			81			(62		)
Numerator for net income per Unit – basic and diluted	$	686,479		$	426,733		$	203,637		$	229,445
Denominator for net income per Unit – basic and diluted:
Denominator for net income per Unit – basic	376,970			374,626			377,147			375,116
Effect of dilutive securities:
Dilution for Units issuable upon assumed exercise/vesting of the Company’s long-term compensation shares/units	3,453			2,602			3,516			2,838
Denominator for net income per Unit – diluted	380,423			377,228			380,663			377,954
Net income per Unit – basic	$	1.82		$	1.14		$	0.54		$	0.61
Net income per Unit – diluted	$	1.80		$	1.13		$	0.53		$	0.61
Net income per Unit – basic:
Income from continuing operations available to Units	$	1.82		$	1.13		$	0.54		$	0.61
Discontinued operations, net	—			0.01			—			—
Net income per Unit – basic	$	1.82		$	1.14		$	0.54		$	0.61
Net income per Unit – diluted:
Income from continuing operations available to Units	$	1.80		$	1.13		$	0.53		$	0.61
Discontinued operations, net	—			—			—			—
Net income per Unit – diluted	$	1.80		$	1.13		$	0.53		$	0.61