| 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):
|
|
|
Nine Months Ended September 30, |
|
|
Quarter Ended September 30, |
|
|
|
|
2019 |
|
|
2018 |
|
|
2019 |
|
|
2018 |
|
|
Numerator for net income per share – basic: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income |
|
$ |
708,402 |
|
|
$ |
562,804 |
|
|
$ |
277,846 |
|
|
$ |
223,846 |
|
|
Allocation to Noncontrolling Interests – Operating
Partnership |
|
|
(25,339 |
) |
|
|
(20,517 |
) |
|
|
(9,910 |
) |
|
|
(8,159 |
) |
|
Net (income) loss attributable to Noncontrolling
Interests – Partially Owned Properties |
|
|
(2,450 |
) |
|
|
(1,939 |
) |
|
|
(830 |
) |
|
|
(750 |
) |
|
Preferred distributions |
|
|
(2,318 |
) |
|
|
(2,318 |
) |
|
|
(773 |
) |
|
|
(773 |
) |
|
Numerator for net income per share – basic |
|
$ |
678,295 |
|
|
$ |
538,030 |
|
|
$ |
266,333 |
|
|
$ |
214,164 |
|
|
Numerator for net income per share – diluted: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income |
|
$ |
708,402 |
|
|
$ |
562,804 |
|
|
$ |
277,846 |
|
|
$ |
223,846 |
|
|
Net (income) loss attributable to Noncontrolling
Interests – Partially Owned Properties |
|
|
(2,450 |
) |
|
|
(1,939 |
) |
|
|
(830 |
) |
|
|
(750 |
) |
|
Preferred distributions |
|
|
(2,318 |
) |
|
|
(2,318 |
) |
|
|
(773 |
) |
|
|
(773 |
) |
|
Numerator for net income per share – diluted |
|
$ |
703,634 |
|
|
$ |
558,547 |
|
|
$ |
276,243 |
|
|
$ |
222,323 |
|
|
Denominator for net income per share – basic and diluted: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Denominator for net income per share – basic |
|
|
370,227 |
|
|
|
367,920 |
|
|
|
370,768 |
|
|
|
368,028 |
|
|
Effect of dilutive securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OP Units |
|
|
12,915 |
|
|
|
12,871 |
|
|
|
12,941 |
|
|
|
12,884 |
|
|
Long-term compensation shares/units |
|
|
3,035 |
|
|
|
2,642 |
|
|
|
3,187 |
|
|
|
2,972 |
|
|
Denominator for net income per share – diluted |
|
|
386,177 |
|
|
|
383,433 |
|
|
|
386,896 |
|
|
|
383,884 |
|
|
Net income per share – basic |
|
$ |
1.83 |
|
|
$ |
1.46 |
|
|
$ |
0.72 |
|
|
$ |
0.58 |
|
|
Net income per share – diluted |
|
$ |
1.82 |
|
|
$ |
1.46 |
|
|
$ |
0.71 |
|
|
$ |
0.58 |
|
|
| 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):
|
|
|
Nine Months Ended September 30, |
|
|
Quarter Ended September 30, |
|
|
|
|
2019 |
|
|
2018 |
|
|
2019 |
|
|
2018 |
|
|
Numerator for net income per Unit – basic and diluted: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income |
|
$ |
708,402 |
|
|
$ |
562,804 |
|
|
$ |
277,846 |
|
|
$ |
223,846 |
|
|
Net (income) loss attributable to Noncontrolling Interests – Partially
Owned Properties |
|
|
(2,450 |
) |
|
|
(1,939 |
) |
|
|
(830 |
) |
|
|
(750 |
) |
|
Allocation to Preference Units |
|
|
(2,318 |
) |
|
|
(2,318 |
) |
|
|
(773 |
) |
|
|
(773 |
) |
|
Numerator for net income per Unit – basic and diluted |
|
$ |
703,634 |
|
|
$ |
558,547 |
|
|
$ |
276,243 |
|
|
$ |
222,323 |
|
|
Denominator for net income per Unit – basic and diluted: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Denominator for net income per Unit – basic |
|
|
383,142 |
|
|
|
380,791 |
|
|
|
383,709 |
|
|
|
380,912 |
|
|
Effect of dilutive securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dilution for Units issuable upon assumed exercise/vesting
of the Company’s long-term compensation shares/units |
|
|
3,035 |
|
|
|
2,642 |
|
|
|
3,187 |
|
|
|
2,972 |
|
|
Denominator for net income per Unit – diluted |
|
|
386,177 |
|
|
|
383,433 |
|
|
|
386,896 |
|
|
|
383,884 |
|
|
Net income per Unit – basic |
|
$ |
1.83 |
|
|
$ |
1.46 |
|
|
$ |
0.72 |
|
|
$ |
0.58 |
|
|
Net income per Unit – diluted |
|
$ |
1.82 |
|
|
$ |
1.46 |
|
|
$ |
0.71 |
|
|
$ |
0.58 |
|
|