Earnings Per Share and Earnings Per Unit (Tables)

6 Months Ended

Jun. 30, 2021

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,
	2021			2020			2021			2020
Numerator for net income per share – basic:
Net income	$	388,404		$	604,152		$	328,040		$	271,481
Allocation to Noncontrolling Interests – Operating Partnership		(13,056	)		(21,248	)		(10,913	)		(9,713	)
Net (income) loss attributable to Noncontrolling    Interests – Partially Owned Properties		(1,423	)		(13,410	)		(741	)		(880	)
Preferred distributions		(1,545	)		(1,545	)		(772	)		(772	)
Numerator for net income per share – basic	$	372,380		$	567,949		$	315,614		$	260,116
Numerator for net income per share – diluted:
Net income	$	388,404		$	604,152		$	328,040		$	271,481
Net (income) loss attributable to Noncontrolling    Interests – Partially Owned Properties		(1,423	)		(13,410	)		(741	)		(880	)
Preferred distributions		(1,545	)		(1,545	)		(772	)		(772	)
Numerator for net income per share – diluted	$	385,436		$	589,197		$	326,527		$	269,829
Denominator for net income per share – basic and diluted:
Denominator for net income per share – basic		373,050			371,689			373,812			371,795
Effect of dilutive securities:
OP Units		12,544			13,013			12,044			13,023
Long-term compensation shares/units		1,773			1,570			1,964			1,095
Denominator for net income per share – diluted		387,367			386,272			387,820			385,913
Net income per share – basic	$	1.00		$	1.53		$	0.84		$	0.70
Net income per share – diluted	$	1.00		$	1.53		$	0.84		$	0.70

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,
	2021			2020			2021			2020
Numerator for net income per Unit – basic and diluted:
Net income	$	388,404		$	604,152		$	328,040		$	271,481
Net (income) loss attributable to Noncontrolling    Interests – Partially Owned Properties		(1,423	)		(13,410	)		(741	)		(880	)
Allocation to Preference Units		(1,545	)		(1,545	)		(772	)		(772	)
Numerator for net income per Unit – basic and diluted	$	385,436		$	589,197		$	326,527		$	269,829
Denominator for net income per Unit – basic and diluted:
Denominator for net income per Unit – basic		385,594			384,702			385,856			384,818
Effect of dilutive securities:
Dilution for Units issuable upon assumed exercise/vesting    of the Company’s long-term compensation shares/units		1,773			1,570			1,964			1,095
Denominator for net income per Unit – diluted		387,367			386,272			387,820			385,913
Net income per Unit – basic	$	1.00		$	1.53		$	0.84		$	0.70
Net income per Unit – diluted	$	1.00		$	1.53		$	0.84		$	0.70