Earning Per Share and Earnings Per Unit (Tables)

12 Months Ended

Dec. 31, 2017

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 share – basic and net income per share – diluted for the Company (amounts in thousands except per share amounts):

	Year Ended December 31,
	2017			2016			2015
Numerator for net income per share – basic:
Income from continuing operations	$	628,381		$	4,479,586		$	907,621
Allocation to Noncontrolling Interests – Operating    Partnership, net		(22,604	)		(171,491	)		(34,226	)
Net (income) loss attributable to Noncontrolling     Interests – Partially Owned Properties		(2,323	)		(16,430	)		(3,657	)
Preferred distributions		(3,091	)		(3,091	)		(3,357	)
Premium on redemption of Preferred Shares		—			—			(3,486	)
Income from continuing operations available to    Common Shares, net of Noncontrolling Interests		600,363			4,288,574			862,895
Discontinued operations, net of Noncontrolling Interests		—			498			382
Numerator for net income per share – basic	$	600,363		$	4,289,072		$	863,277
Numerator for net income per share – diluted:
Income from continuing operations	$	628,381		$	4,479,586		$	907,621
Net (income) loss attributable to Noncontrolling     Interests – Partially Owned Properties		(2,323	)		(16,430	)		(3,657	)
Preferred distributions		(3,091	)		(3,091	)		(3,357	)
Premium on redemption of Preferred Shares		—			—			(3,486	)
Income from continuing operations available to Common Shares		622,967			4,460,065			897,121
Discontinued operations, net		—			518			397
Numerator for net income per share – diluted	$	622,967		$	4,460,583		$	897,518
Denominator for net income per share – basic and diluted:
Denominator for net income per share – basic		366,968			365,002			363,498
Effect of dilutive securities:
OP Units		12,901			13,827			13,576
Long-term compensation shares/units		2,809			3,163			3,546
Denominator for net income per share – diluted		382,678			381,992			380,620
Net income per share – basic	$	1.64		$	11.75		$	2.37
Net income per share – diluted	$	1.63		$	11.68		$	2.36
Net income per share – basic:
Income from continuing operations available to     Common Shares, net of Noncontrolling Interests	$	1.64		$	11.75		$	2.37
Discontinued operations, net of Noncontrolling Interests		—			—			—
Net income per share – basic	$	1.64		$	11.75		$	2.37
Net income per share – diluted:
Income from continuing operations available to Common Shares	$	1.63		$	11.68		$	2.36
Discontinued operations, net		—			—			—
Net income per share – diluted	$	1.63		$	11.68		$	2.36

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):

	Year Ended December 31,
	2017			2016			2015
Numerator for net income per Unit – basic and diluted:
Income from continuing operations	$	628,381		$	4,479,586		$	907,621
Net (income) loss attributable to Noncontrolling Interests –    Partially Owned Properties		(2,323	)		(16,430	)		(3,657	)
Allocation to Preference Units		(3,091	)		(3,091	)		(3,357	)
Allocation to premium on redemption of Preference Units		—			—			(3,486	)
Income from continuing operations available to Units		622,967			4,460,065			897,121
Discontinued operations, net		—			518			397
Numerator for net income per Unit – basic and diluted	$	622,967		$	4,460,583		$	897,518
Denominator for net income per Unit – basic and diluted:
Denominator for net income per Unit – basic		379,869			378,829			377,074
Effect of dilutive securities:
Dilution for Units issuable upon assumed exercise/vesting of the Company’s long-term compensation shares/units		2,809			3,163			3,546
Denominator for net income per Unit – diluted		382,678			381,992			380,620
Net income per Unit – basic	$	1.64		$	11.75		$	2.37
Net income per Unit – diluted	$	1.63		$	11.68		$	2.36
Net income per Unit – basic:
Income from continuing operations available to Units	$	1.64		$	11.75		$	2.37
Discontinued operations, net		—			—			—
Net income per Unit – basic	$	1.64		$	11.75		$	2.37
Net income per Unit – diluted:
Income from continuing operations available to Units	$	1.63		$	11.68		$	2.36
Discontinued operations, net		—			—			—
Net income per Unit – diluted	$	1.63		$	11.68		$	2.36