Earning Per Share and Earnings Per Unit (Tables)

9 Months Ended

Sep. 30, 2018

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,
	2018			2017			2018			2017
Numerator for net income per share – basic:
Net income	$	562,804		$	498,297		$	223,846		$	144,196
Allocation to Noncontrolling Interests – Operating    Partnership		(20,517	)		(17,931	)		(8,159	)		(5,166	)
Net (income) loss attributable to Noncontrolling    Interests – Partially Owned Properties		(1,939	)		(2,354	)		(750	)		(801	)
Preferred distributions		(2,318	)		(2,318	)		(773	)		(772	)
Numerator for net income per share – basic	$	538,030		$	475,694		$	214,164		$	137,457
Numerator for net income per share – diluted:
Net income	$	562,804		$	498,297		$	223,846		$	144,196
Net (income) loss attributable to Noncontrolling    Interests – Partially Owned Properties		(1,939	)		(2,354	)		(750	)		(801	)
Preferred distributions		(2,318	)		(2,318	)		(773	)		(772	)
Numerator for net income per share – diluted	$	558,547		$	493,625		$	222,323		$	142,623
Denominator for net income per share – basic and diluted:
Denominator for net income per share – basic		367,920			366,809			368,028			366,996
Effect of dilutive securities:
OP Units		12,871			12,907			12,884			12,910
Long-term compensation shares/units		2,642			2,924			2,972			3,039
Denominator for net income per share – diluted		383,433			382,640			383,884			382,945
Net income per share – basic	$	1.46		$	1.30		$	0.58		$	0.37
Net income per share – diluted	$	1.46		$	1.29		$	0.58		$	0.37

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,
	2018			2017			2018			2017
Numerator for net income per Unit – basic and diluted:
Net income	$	562,804		$	498,297		$	223,846		$	144,196
Net (income) loss attributable to Noncontrolling Interests – Partially    Owned Properties		(1,939	)		(2,354	)		(750	)		(801	)
Allocation to Preference Units		(2,318	)		(2,318	)		(773	)		(772	)
Numerator for net income per Unit – basic and diluted	$	558,547		$	493,625		$	222,323		$	142,623
Denominator for net income per Unit – basic and diluted:
Denominator for net income per Unit – basic		380,791			379,716			380,912			379,906
Effect of dilutive securities:
Dilution for Units issuable upon assumed exercise/vesting    of the Company’s long-term compensation shares/units		2,642			2,924			2,972			3,039
Denominator for net income per Unit – diluted		383,433			382,640			383,884			382,945
Net income per Unit – basic	$	1.46		$	1.30		$	0.58		$	0.37
Net income per Unit – diluted	$	1.46		$	1.29		$	0.58		$	0.37