| Computation of net income per share - basic and net income per share - diluted |
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|
Nine Months Ended September 30, |
|
|
Quarter Ended September 30, |
|
| |
|
2011 |
|
|
2010 |
|
|
2011 |
|
|
2010 |
|
|
Numerator for net income per share – basic:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from continuing operations
|
|
$ |
47,908 |
|
|
$ |
(32,667 |
) |
|
$ |
35,491 |
|
|
$ |
(295 |
) |
|
Allocation to Noncontrolling Interests – Operating Partnership, net
|
|
|
(1,648 |
) |
|
|
2,042 |
|
|
|
(1,371 |
) |
|
|
173 |
|
|
Net (income) loss attributable to Noncontrolling Interests – Partially Owned Properties
|
|
|
(418 |
) |
|
|
623 |
|
|
|
(387 |
) |
|
|
188 |
|
|
Preferred distributions
|
|
|
(10,399 |
) |
|
|
(10,855 |
) |
|
|
(3,466 |
) |
|
|
(3,617 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from continuing operations available to Common Shares, net of Noncontrolling Interests
|
|
|
35,443 |
|
|
|
(40,857 |
) |
|
|
30,267 |
|
|
|
(3,551 |
) |
|
Discontinued operations, net of Noncontrolling Interests
|
|
|
745,261 |
|
|
|
124,229 |
|
|
|
74,115 |
|
|
|
28,717 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Numerator for net income per share – basic
|
|
$ |
780,704 |
|
|
$ |
83,372 |
|
|
$ |
104,382 |
|
|
$ |
25,166 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Numerator for net income per share – diluted (1):
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations
|
|
$ |
47,908 |
|
|
|
|
|
|
$ |
35,491 |
|
|
|
|
|
|
Net (income) attributable to Noncontrolling Interests – Partially Owned Properties
|
|
|
(418 |
) |
|
|
|
|
|
|
(387 |
) |
|
|
|
|
|
Preferred distributions
|
|
|
(10,399 |
) |
|
|
|
|
|
|
(3,466 |
) |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations available to Common Shares
|
|
|
37,091 |
|
|
|
|
|
|
|
31,638 |
|
|
|
|
|
|
Discontinued operations, net
|
|
|
779,888 |
|
|
|
|
|
|
|
77,486 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Numerator for net income per share – diluted (1)
|
|
$ |
816,979 |
|
|
$ |
83,372 |
|
|
$ |
109,124 |
|
|
$ |
25,166 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Denominator for net income per share – basic and diluted (1):
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Denominator for net income per share – basic
|
|
|
294,474 |
|
|
|
281,867 |
|
|
|
295,831 |
|
|
|
282,717 |
|
|
Effect of dilutive securities:
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|
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|
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|
OP Units
|
|
|
13,231 |
|
|
|
|
|
|
|
13,053 |
|
|
|
|
|
|
Long-term compensation shares/units
|
|
|
4,203 |
|
|
|
|
|
|
|
3,960 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Denominator for net income per share – diluted (1)
|
|
|
311,908 |
|
|
|
281,867 |
|
|
|
312,844 |
|
|
|
282,717 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income per share – basic
|
|
$ |
2.65 |
|
|
$ |
0.30 |
|
|
$ |
0.35 |
|
|
$ |
0.09 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income per share – diluted
|
|
$ |
2.62 |
|
|
$ |
0.30 |
|
|
$ |
0.35 |
|
|
$ |
0.09 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income per share – basic:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from continuing operations available to Common Shares, net of Noncontrolling Interests
|
|
$ |
0.120 |
|
|
$ |
(0.145 |
) |
|
$ |
0.102 |
|
|
$ |
(0.013 |
) |
|
Discontinued operations, net of Noncontrolling Interests
|
|
|
2.531 |
|
|
|
0.441 |
|
|
|
0.251 |
|
|
|
0.102 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income per share – basic
|
|
$ |
2.651 |
|
|
$ |
0.296 |
|
|
$ |
0.353 |
|
|
$ |
0.089 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income per share – diluted (1):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from continuing operations available to Common Shares
|
|
$ |
0.119 |
|
|
$ |
(0.145 |
) |
|
$ |
0.101 |
|
|
$ |
(0.013 |
) |
|
Discontinued operations, net
|
|
|
2.500 |
|
|
|
0.441 |
|
|
|
0.248 |
|
|
|
0.102 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income per share – diluted
|
|
$ |
2.619 |
|
|
$ |
0.296 |
|
|
$ |
0.349 |
|
|
$ |
0.089 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1) |
Potential common shares issuable from the assumed conversion of OP Units and the exercise/vesting of long-term compensation shares/units are automatically anti-dilutive
and therefore excluded from the diluted earnings per share calculation as the Company had a loss from continuing operations for the nine months and quarter ended September 30, 2010. |
|
| Computation of net income per Unit - basic and net income per Unit - diluted |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Nine Months Ended September 30, |
|
|
Quarter Ended September 30, |
|
| |
|
2011 |
|
|
2010 |
|
|
2011 |
|
|
2010 |
|
|
Numerator for net income per Unit – basic and diluted (1):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from continuing operations
|
|
$ |
47,908 |
|
|
$ |
(32,667 |
) |
|
$ |
35,491 |
|
|
$ |
(295 |
) |
|
Net (income) loss attributable to Noncontrolling Interests – Partially Owned Properties
|
|
|
(418 |
) |
|
|
623 |
|
|
|
(387 |
) |
|
|
188 |
|
|
Allocation to Preference Units
|
|
|
(10,399 |
) |
|
|
(10,855 |
) |
|
|
(3,466 |
) |
|
|
(3,617 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from continuing operations available to Units
|
|
|
37,091 |
|
|
|
(42,899 |
) |
|
|
31,638 |
|
|
|
(3,724 |
) |
|
Discontinued operations, net
|
|
|
779,888 |
|
|
|
130,438 |
|
|
|
77,486 |
|
|
|
30,121 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Numerator for net income per Unit – basic and diluted (1)
|
|
$ |
816,979 |
|
|
$ |
87,539 |
|
|
$ |
109,124 |
|
|
$ |
26,397 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Denominator for net income per Unit – basic and diluted (1):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Denominator for net income per Unit – basic
|
|
|
307,705 |
|
|
|
295,572 |
|
|
|
308,884 |
|
|
|
296,348 |
|
|
Effect of dilutive securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dilution for Units issuable upon assumed exercise/vesting of the Company’s long-term compensation
shares/units
|
|
|
4,203 |
|
|
|
|
|
|
|
3,960 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Denominator for net income per Unit – diluted (1)
|
|
|
311,908 |
|
|
|
295,572 |
|
|
|
312,844 |
|
|
|
296,348 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income per Unit – basic
|
|
$ |
2.65 |
|
|
$ |
0.30 |
|
|
$ |
0.35 |
|
|
$ |
0.09 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income per Unit – diluted
|
|
$ |
2.62 |
|
|
$ |
0.30 |
|
|
$ |
0.35 |
|
|
$ |
0.09 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income per Unit – basic:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from continuing operations available to Units
|
|
$ |
0.120 |
|
|
$ |
(0.145 |
) |
|
$ |
0.102 |
|
|
$ |
(0.013 |
) |
|
Discontinued operations, net
|
|
|
2.531 |
|
|
|
0.441 |
|
|
|
0.251 |
|
|
|
0.102 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income per Unit – basic
|
|
$ |
2.651 |
|
|
$ |
0.296 |
|
|
$ |
0.353 |
|
|
$ |
0.089 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income per Unit – diluted (1):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from continuing operations available to Units
|
|
$ |
0.119 |
|
|
$ |
(0.145 |
) |
|
$ |
0.101 |
|
|
$ |
(0.013 |
) |
|
Discontinued operations, net
|
|
|
2.500 |
|
|
|
0.441 |
|
|
|
0.248 |
|
|
|
0.102 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income per Unit – diluted
|
|
$ |
2.619 |
|
|
$ |
0.296 |
|
|
$ |
0.349 |
|
|
$ |
0.089 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1) |
Potential Units issuable from the assumed exercise/vesting of the Company’s long-term compensation shares/units are automatically anti-dilutive and therefore
excluded from the diluted earnings per Unit calculation as the Operating Partnership had a loss from continuing operations for the nine months and quarter ended September 30, 2010. |
|