Earnings Per Share and Earnings Per Unit (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Calculation of Numerator and Denominator in Earnings Per Share and Earnings Per Unit

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):

	Year Ended December 31,
	2022			2021			2020
Numerator for net income per share – basic:
Net income	$	806,995		$	1,396,714		$	962,501
Allocation to Noncontrolling Interests – Operating Partnership		(26,310	)		(45,900	)		(34,010	)
Net (income) loss attributable to Noncontrolling    Interests – Partially Owned Properties		(3,774	)		(17,964	)		(14,855	)
Preferred distributions		(3,090	)		(3,090	)		(3,090	)
Numerator for net income per share – basic	$	773,821		$	1,329,760		$	910,546
Numerator for net income per share – diluted:
Net income	$	806,995		$	1,396,714		$	962,501
Net (income) loss attributable to Noncontrolling    Interests – Partially Owned Properties		(3,774	)		(17,964	)		(14,855	)
Preferred distributions		(3,090	)		(3,090	)		(3,090	)
Numerator for net income per share – diluted	$	800,131		$	1,375,660		$	944,556
Denominator for net income per share – basic and diluted:
Denominator for net income per share – basic		376,209			373,833			371,791
Effect of dilutive securities:
OP Units		11,836			12,263			13,003
Long-term compensation shares/units		1,402			1,924			1,080
ATM forward sales		3			69			—
Denominator for net income per share – diluted		389,450			388,089			385,874
Net income per share – basic	$	2.06		$	3.56		$	2.45
Net income per share – diluted	$	2.05		$	3.54		$	2.45

ERPOP [Member]

Schedule of Calculation of Numerator and Denominator in Earnings Per Share and Earnings Per Unit

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):

	Year Ended December 31,
	2022			2021			2020
Numerator for net income per Unit – basic and diluted:
Net income	$	806,995		$	1,396,714		$	962,501
Net (income) loss attributable to Noncontrolling    Interests – Partially Owned Properties		(3,774	)		(17,964	)		(14,855	)
Allocation to Preference Units		(3,090	)		(3,090	)		(3,090	)
Numerator for net income per Unit – basic and diluted	$	800,131		$	1,375,660		$	944,556
Denominator for net income per Unit – basic and diluted:
Denominator for net income per Unit – basic		388,045			386,096			384,794
Effect of dilutive securities:
Dilution for Units issuable upon assumed exercise/vesting    of the Company’s long-term compensation shares/units		1,402			1,924			1,080
ATM forward sales		3			69			—
Denominator for net income per Unit – diluted		389,450			388,089			385,874
Net income per Unit – basic	$	2.06		$	3.56		$	2.45
Net income per Unit – diluted	$	2.05		$	3.54		$	2.45