Earning Per Share and Earnings Per Unit (Tables)

9 Months Ended

Sep. 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):

	Nine Months Ended September 30,						Quarter Ended September 30,
	2017			2016			2017			2016
Numerator for net income per share – basic:
Income from continuing operations	$	498,297		$	4,177,599		$	144,196		$	217,246
Allocation to Noncontrolling Interests – Operating    Partnership, net		(17,931	)		(160,437	)		(5,166	)		(8,344	)
Net (income) attributable to Noncontrolling    Interests – Partially Owned Properties		(2,354	)		(2,368	)		(801	)		(823	)
Preferred distributions		(2,318	)		(2,318	)		(772	)		(773	)
Income from continuing operations available to    Common Shares, net of Noncontrolling Interests		475,694			4,012,476			137,457			207,306
Discontinued operations, net of Noncontrolling Interests		—			119			—			237
Numerator for net income per share – basic	$	475,694		$	4,012,595		$	137,457		$	207,543
Numerator for net income per share – diluted:
Income from continuing operations	$	498,297		$	4,177,599		$	144,196		$	217,246
Net (income) attributable to Noncontrolling    Interests – Partially Owned Properties		(2,354	)		(2,368	)		(801	)		(823	)
Preferred distributions		(2,318	)		(2,318	)		(772	)		(773	)
Income from continuing operations available to Common Shares		493,625			4,172,913			142,623			215,650
Discontinued operations, net		—			124			—			246
Numerator for net income per share – diluted	$	493,625		$	4,173,037		$	142,623		$	215,896
Denominator for net income per share – basic and diluted:
Denominator for net income per share – basic		366,809			364,917			366,996			365,109
Effect of dilutive securities:
OP Units		12,907			13,828			12,910			13,899
Long-term compensation shares/units		2,924			3,539			3,039			3,365
Denominator for net income per share – diluted		382,640			382,284			382,945			382,373
Net income per share – basic	$	1.30		$	11.00		$	0.37		$	0.57
Net income per share – diluted	$	1.29		$	10.92		$	0.37		$	0.56
Net income per share – basic:
Income from continuing operations available to    Common Shares, net of Noncontrolling Interests	$	1.30		$	11.00		$	0.37		$	0.57
Discontinued operations, net of Noncontrolling Interests		—			—			—			—
Net income per share – basic	$	1.30		$	11.00		$	0.37		$	0.57
Net income per share – diluted:
Income from continuing operations available to Common Shares	$	1.29		$	10.92		$	0.37		$	0.56
Discontinued operations, net		—			—			—			—
Net income per share – diluted	$	1.29		$	10.92		$	0.37		$	0.56

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):

	Nine Months Ended September 30,						Quarter Ended September 30,
	2017			2016			2017			2016
Numerator for net income per Unit – basic and diluted:
Income from continuing operations	$	498,297		$	4,177,599		$	144,196		$	217,246
Net (income) attributable to Noncontrolling Interests – Partially    Owned Properties		(2,354	)		(2,368	)		(801	)		(823	)
Allocation to Preference Units		(2,318	)		(2,318	)		(772	)		(773	)
Income from continuing operations available to Units		493,625			4,172,913			142,623			215,650
Discontinued operations, net		—			124			—			246
Numerator for net income per Unit – basic and diluted	$	493,625		$	4,173,037		$	142,623		$	215,896
Denominator for net income per Unit – basic and diluted:
Denominator for net income per Unit – basic		379,716			378,745			379,906			379,008
Effect of dilutive securities:
Dilution for Units issuable upon assumed exercise/vesting    of the Company’s long-term compensation shares/units		2,924			3,539			3,039			3,365
Denominator for net income per Unit – diluted		382,640			382,284			382,945			382,373
Net income per Unit – basic	$	1.30		$	11.00		$	0.37		$	0.57
Net income per Unit – diluted	$	1.29		$	10.92		$	0.37		$	0.56
Net income per Unit – basic:
Income from continuing operations available to Units	$	1.30		$	11.00		$	0.37		$	0.57
Discontinued operations, net		—			—			—			—
Net income per Unit – basic	$	1.30		$	11.00		$	0.37		$	0.57
Net income per Unit – diluted:
Income from continuing operations available to Units	$	1.29		$	10.92		$	0.37		$	0.56
Discontinued operations, net		—			—			—			—
Net income per Unit – diluted	$	1.29		$	10.92		$	0.37		$	0.56