Earning Per Share and Earnings Per Unit (Tables)

6 Months Ended

Jun. 30, 2017

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

Thefollowingtablessetforththecomputationofnetincomepershare–basicandnetincomepershare–dilutedforthe Company (amounts in thousands except per shareamounts):

	Six Months Ended June 30,						Quarter Ended June 30,
	2017			2016			2017			2016
Numerator for net income per share – basic:
Income from continuing operations	$	354,101		$	3,960,353		$	204,160		$	228,365
Allocation to Noncontrolling Interests – Operating    Partnership, net		(12,765	)		(152,093	)		(7,354	)		(8,779	)
Net (income) attributable to Noncontrolling    Interests – Partially Owned Properties		(1,553	)		(1,545	)		(765	)		(781	)
Preferred distributions		(1,546	)		(1,545	)		(773	)		(772	)
Income from continuing operations available to    Common Shares, net of Noncontrolling Interests		338,237			3,805,170			195,268			218,033
Discontinued operations, net of Noncontrolling Interests		—			(118	)		—			34
Numerator for net income per share – basic	$	338,237		$	3,805,052		$	195,268		$	218,067
Numerator for net income per share – diluted:
Income from continuing operations	$	354,101		$	3,960,353		$	204,160		$	228,365
Net (income) attributable to Noncontrolling    Interests – Partially Owned Properties		(1,553	)		(1,545	)		(765	)		(781	)
Preferred distributions		(1,546	)		(1,545	)		(773	)		(772	)
Income from continuing operations available to Common Shares		351,002			3,957,263			202,622			226,812
Discontinued operations, net		—			(122	)		—			35
Numerator for net income per share – diluted	$	351,002		$	3,957,141		$	202,622		$	226,847
Denominator for net income per share – basic and diluted:
Denominator for net income per share – basic		366,713			364,820			366,820			365,047
Effect of dilutive securities:
OP Units		12,906			13,792			12,913			13,887
Long-term compensation shares/units		2,886			3,400			2,959			3,131
Denominator for net income per share – diluted		382,505			382,012			382,692			382,065
Net income per share – basic	$	0.92		$	10.43		$	0.53		$	0.60
Net income per share – diluted	$	0.92		$	10.36		$	0.53		$	0.59
Net income per share – basic:
Income from continuing operations available to    Common Shares, net of Noncontrolling Interests	$	0.92		$	10.43		$	0.53		$	0.60
Discontinued operations, net of Noncontrolling Interests		—			—			—			—
Net income per share – basic	$	0.92		$	10.43		$	0.53		$	0.60
Net income per share – diluted:
Income from continuing operations available to Common Shares	$	0.92		$	10.36		$	0.53		$	0.59
Discontinued operations, net		—			—			—			—
Net income per share – diluted	$	0.92		$	10.36		$	0.53		$	0.59

ERPOP [Member]

Schedule of Calculation of Numerator and Denominator in Earning 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):

	Six Months Ended June 30,						Quarter Ended June 30,
	2017			2016			2017			2016
Numerator for net income per Unit – basic and diluted:
Income from continuing operations	$	354,101		$	3,960,353		$	204,160		$	228,365
Net (income) attributable to Noncontrolling Interests – Partially    Owned Properties		(1,553	)		(1,545	)		(765	)		(781	)
Allocation to Preference Units		(1,546	)		(1,545	)		(773	)		(772	)
Income from continuing operations available to Units		351,002			3,957,263			202,622			226,812
Discontinued operations, net		—			(122	)		—			35
Numerator for net income per Unit – basic and diluted	$	351,002		$	3,957,141		$	202,622		$	226,847
Denominator for net income per Unit – basic and diluted:
Denominator for net income per Unit – basic		379,619			378,612			379,733			378,934
Effect of dilutive securities:
Dilution for Units issuable upon assumed exercise/vesting    of the Company’s long-term compensation shares/units		2,886			3,400			2,959			3,131
Denominator for net income per Unit – diluted		382,505			382,012			382,692			382,065
Net income per Unit – basic	$	0.92		$	10.43		$	0.53		$	0.60
Net income per Unit – diluted	$	0.92		$	10.36		$	0.53		$	0.59
Net income per Unit – basic:
Income from continuing operations available to Units	$	0.92		$	10.43		$	0.53		$	0.60
Discontinued operations, net		—			—			—			—
Net income per Unit – basic	$	0.92		$	10.43		$	0.53		$	0.60
Net income per Unit – diluted:
Income from continuing operations available to Units	$	0.92		$	10.36		$	0.53		$	0.59
Discontinued operations, net		—			—			—			—
Net income per Unit – diluted	$	0.92		$	10.36		$	0.53		$	0.59