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CONSOLIDATED STATEMENTS OF OPERATIONS OF ERP OPERATING LIMITED PARTNERSHIP (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
REVENUES        
Rental income $ 685,120 $ 652,677 $ 2,016,796 $ 1,925,128
Fee and asset management $ 25 $ 190 $ 360 $ 563
Type of Revenue [Extensible List] us-gaap:ManagementServiceMember us-gaap:ManagementServiceMember us-gaap:ManagementServiceMember us-gaap:ManagementServiceMember
Total revenues $ 685,145 $ 652,867 $ 2,017,156 $ 1,925,691
EXPENSES        
Property and maintenance 114,966 110,541 338,497 322,487
Real estate taxes and insurance 87,546 87,388 270,434 268,784
Property management 21,940 22,247 72,705 69,175
General and administrative 11,417 12,640 41,127 41,420
Depreciation 211,478 194,618 616,201 583,869
Total expenses 447,347 427,434 1,338,964 1,285,735
Net gain (loss) on sales of real estate properties 130,565 114,672 269,400 256,834
Impairment   (702)   (702)
Operating income 368,363 339,403 947,592 896,088
Interest and other income 631 7,864 2,221 14,860
Other expenses (2,813) (7,661) (11,205) (14,871)
Interest:        
Expense incurred, net (85,936) (111,219) (289,776) (321,454)
Amortization of deferred financing costs (2,881) (3,276) (8,664) (9,054)
Income before income and other taxes, income (loss) from investments in unconsolidated entities and net gain (loss) on sales of land parcels 277,364 225,111 640,168 565,569
Income and other tax (expense) benefit (265) (280) (749) (767)
Income (loss) from investments in unconsolidated entities (1,152) (985) 66,906 (2,993)
Net gain (loss) on sales of land parcels 1,899   2,077 995
Net income 277,846 223,846 708,402 562,804
Partially Owned Properties (830) (750) (2,450) (1,939)
Net income attributable to controlling interests $ 267,106 $ 214,937 $ 680,613 $ 540,348
Earnings per Unit – basic:        
Net income available to Units $ 0.72 $ 0.58 $ 1.83 $ 1.46
Earnings per Unit – diluted:        
Net income available to Units $ 0.71 $ 0.58 $ 1.82 $ 1.46
Weighted average Units outstanding 386,896 383,884 386,177 383,433
ERPOP [Member]        
REVENUES        
Rental income $ 685,120 $ 652,677 $ 2,016,796 $ 1,925,128
Fee and asset management $ 25 $ 190 $ 360 $ 563
Type of Revenue [Extensible List] us-gaap:ManagementServiceMember us-gaap:ManagementServiceMember us-gaap:ManagementServiceMember us-gaap:ManagementServiceMember
Total revenues $ 685,145 $ 652,867 $ 2,017,156 $ 1,925,691
EXPENSES        
Property and maintenance 114,966 110,541 338,497 322,487
Real estate taxes and insurance 87,546 87,388 270,434 268,784
Property management 21,940 22,247 72,705 69,175
General and administrative 11,417 12,640 41,127 41,420
Depreciation 211,478 194,618 616,201 583,869
Total expenses 447,347 427,434 1,338,964 1,285,735
Net gain (loss) on sales of real estate properties 130,565 114,672 269,400 256,834
Impairment   (702)   (702)
Operating income 368,363 339,403 947,592 896,088
Interest and other income 631 7,864 2,221 14,860
Other expenses (2,813) (7,661) (11,205) (14,871)
Interest:        
Expense incurred, net (85,936) (111,219) (289,776) (321,454)
Amortization of deferred financing costs (2,881) (3,276) (8,664) (9,054)
Income before income and other taxes, income (loss) from investments in unconsolidated entities and net gain (loss) on sales of land parcels 277,364 225,111 640,168 565,569
Income and other tax (expense) benefit (265) (280) (749) (767)
Income (loss) from investments in unconsolidated entities (1,152) (985) 66,906 (2,993)
Net gain (loss) on sales of land parcels 1,899   2,077 995
Net income 277,846 223,846 708,402 562,804
Partially Owned Properties (830) (750) (2,450) (1,939)
Net income attributable to controlling interests 277,016 223,096 705,952 560,865
ALLOCATION OF NET INCOME:        
Preference Units 773 773 2,318 2,318
General Partner 266,333 214,164 678,295 538,030
Limited Partners 9,910 8,159 25,339 20,517
Net income available to Units $ 276,243 $ 222,323 $ 703,634 $ 558,547
Earnings per Unit – basic:        
Net income available to Units $ 0.72 $ 0.58 $ 1.83 $ 1.46
Weighted average Units outstanding 383,709 380,912 383,142 380,791
Earnings per Unit – diluted:        
Net income available to Units $ 0.71 $ 0.58 $ 1.82 $ 1.46
Weighted average Units outstanding 386,896 383,884 386,177 383,433