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CONSOLIDATED STATEMENTS OF OPERATIONS OF ERP OPERATING LIMITED PARTNERSHIP (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
REVENUES    
Rental income $ 662,302 $ 632,831
Fee and asset management $ 192 $ 185
Type of Revenue [Extensible List] us-gaap:ManagementServiceMember us-gaap:ManagementServiceMember
Total revenues $ 662,494 $ 633,016
EXPENSES    
Property and maintenance 115,070 108,202
Real estate taxes and insurance 91,442 91,914
Property management 26,396 23,444
General and administrative 15,381 16,278
Depreciation 204,215 196,309
Total expenses 452,504 436,147
Net gain (loss) on sales of real estate properties (21) 142,213
Operating income 209,969 339,082
Interest and other income 581 5,880
Other expenses (3,275) (3,441)
Interest:    
Expense incurred, net (94,938) (116,104)
Amortization of deferred financing costs (2,136) (3,679)
Income before income and other taxes, income (loss) from investments in unconsolidated entities and net gain (loss) on sales of land parcels 110,201 221,738
Income and other tax (expense) benefit (238) (213)
Income (loss) from investments in unconsolidated entities (707) (977)
Net gain (loss) on sales of land parcels 1  
Net income 109,257 220,548
Partially Owned Properties (799) (680)
Net income attributable to controlling interests $ 104,539 $ 211,809
Earnings per Unit – basic:    
Net income available to Units $ 0.28 $ 0.57
Earnings per Unit – diluted:    
Net income available to Units $ 0.28 $ 0.57
Weighted average Units outstanding 385,184 383,018
ERPOP [Member]    
REVENUES    
Rental income $ 662,302 $ 632,831
Fee and asset management $ 192 $ 185
Type of Revenue [Extensible List] us-gaap:ManagementServiceMember us-gaap:ManagementServiceMember
Total revenues $ 662,494 $ 633,016
EXPENSES    
Property and maintenance 115,070 108,202
Real estate taxes and insurance 91,442 91,914
Property management 26,396 23,444
General and administrative 15,381 16,278
Depreciation 204,215 196,309
Total expenses 452,504 436,147
Net gain (loss) on sales of real estate properties (21) 142,213
Operating income 209,969 339,082
Interest and other income 581 5,880
Other expenses (3,275) (3,441)
Interest:    
Expense incurred, net (94,938) (116,104)
Amortization of deferred financing costs (2,136) (3,679)
Income before income and other taxes, income (loss) from investments in unconsolidated entities and net gain (loss) on sales of land parcels 110,201 221,738
Income and other tax (expense) benefit (238) (213)
Income (loss) from investments in unconsolidated entities (707) (977)
Net gain (loss) on sales of land parcels 1  
Net income 109,257 220,548
Partially Owned Properties (799) (680)
Net income attributable to controlling interests 108,458 219,868
ALLOCATION OF NET INCOME:    
Preference Units 773 773
General Partner 103,766 211,036
Limited Partners 3,919 8,059
Net income available to Units $ 107,685 $ 219,095
Earnings per Unit – basic:    
Net income available to Units $ 0.28 $ 0.57
Weighted average Units outstanding 382,477 380,663
Earnings per Unit – diluted:    
Net income available to Units $ 0.28 $ 0.57
Weighted average Units outstanding 385,184 383,018