Earnings Per Share and Earnings Per Unit (Tables)

6 Months Ended

Jun. 30, 2019

Schedule of Calculation of Numerator and Denominator in Earnings 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):

	Six Months Ended June 30,						Quarter Ended June 30,
	2019			2018			2019			2018
Numerator for net income per share – basic:
Net income	$	430,556		$	338,958		$	321,299		$	118,410
Allocation to Noncontrolling Interests – Operating    Partnership		(15,429	)		(12,358	)		(11,510	)		(4,299	)
Net (income) loss attributable to Noncontrolling    Interests – Partially Owned Properties		(1,620	)		(1,189	)		(821	)		(509	)
Preferred distributions		(1,545	)		(1,545	)		(772	)		(772	)
Numerator for net income per share – basic	$	411,962		$	323,866		$	308,196		$	112,830
Numerator for net income per share – diluted:
Net income	$	430,556		$	338,958		$	321,299		$	118,410
Net (income) loss attributable to Noncontrolling    Interests – Partially Owned Properties		(1,620	)		(1,189	)		(821	)		(509	)
Preferred distributions		(1,545	)		(1,545	)		(772	)		(772	)
Numerator for net income per share – diluted	$	427,391		$	336,224		$	319,706		$	117,129
Denominator for net income per share – basic and diluted:
Denominator for net income per share – basic		369,952			367,865			370,342			367,930
Effect of dilutive securities:
OP Units		12,902			12,864			12,885			12,865
Long-term compensation shares/units		2,790			2,495			2,880			2,628
Denominator for net income per share – diluted		385,644			383,224			386,107			383,423
Net income per share – basic	$	1.11		$	0.88		$	0.83		$	0.31
Net income per share – diluted	$	1.11		$	0.88		$	0.83		$	0.31

ERPOP [Member]

Schedule of Calculation of Numerator and Denominator in Earnings 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,
	2019			2018			2019			2018
Numerator for net income per Unit – basic and diluted:
Net income	$	430,556		$	338,958		$	321,299		$	118,410
Net (income) loss attributable to Noncontrolling Interests – Partially    Owned Properties		(1,620	)		(1,189	)		(821	)		(509	)
Allocation to Preference Units		(1,545	)		(1,545	)		(772	)		(772	)
Numerator for net income per Unit – basic and diluted	$	427,391		$	336,224		$	319,706		$	117,129
Denominator for net income per Unit – basic and diluted:
Denominator for net income per Unit – basic		382,854			380,729			383,227			380,795
Effect of dilutive securities:
Dilution for Units issuable upon assumed exercise/vesting    of the Company’s long-term compensation shares/units		2,790			2,495			2,880			2,628
Denominator for net income per Unit – diluted		385,644			383,224			386,107			383,423
Net income per Unit – basic	$	1.11		$	0.88		$	0.83		$	0.31
Net income per Unit – diluted	$	1.11		$	0.88		$	0.83		$	0.31