Earnings Per Share and Earnings Per Unit (Tables)

6 Months Ended

Jun. 30, 2022

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,
	2022			2021			2022			2021
Numerator for net income per share – basic:
Net income	$	306,476		$	388,404		$	232,678		$	328,040
Allocation to Noncontrolling Interests – Operating Partnership		(10,027	)		(13,056	)		(7,633	)		(10,913	)
Net (income) loss attributable to Noncontrolling    Interests – Partially Owned Properties		(1,583	)		(1,423	)		(944	)		(741	)
Preferred distributions		(1,545	)		(1,545	)		(773	)		(772	)
Numerator for net income per share – basic	$	293,321		$	372,380		$	223,328		$	315,614
Numerator for net income per share – diluted:
Net income	$	306,476		$	388,404		$	232,678		$	328,040
Net (income) loss attributable to Noncontrolling    Interests – Partially Owned Properties		(1,583	)		(1,423	)		(944	)		(741	)
Preferred distributions		(1,545	)		(1,545	)		(773	)		(772	)
Numerator for net income per share – diluted	$	303,348		$	385,436		$	230,961		$	326,527
Denominator for net income per share – basic and diluted:
Denominator for net income per share – basic		375,640			373,050			375,769			373,812
Effect of dilutive securities:
OP Units		11,891			12,544			11,895			12,044
Long-term compensation shares/units		1,863			1,773			1,698			1,964
ATM forward sales		69			—			1			—
Denominator for net income per share – diluted		389,463			387,367			389,363			387,820
Net income per share – basic	$	0.78		$	1.00		$	0.59		$	0.84
Net income per share – diluted	$	0.78		$	1.00		$	0.59		$	0.84

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,
	2022			2021			2022			2021
Numerator for net income per Unit – basic and diluted:
Net income	$	306,476		$	388,404		$	232,678		$	328,040
Net (income) loss attributable to Noncontrolling    Interests – Partially Owned Properties		(1,583	)		(1,423	)		(944	)		(741	)
Allocation to Preference Units		(1,545	)		(1,545	)		(773	)		(772	)
Numerator for net income per Unit – basic and diluted	$	303,348		$	385,436		$	230,961		$	326,527
Denominator for net income per Unit – basic and diluted:
Denominator for net income per Unit – basic		387,531			385,594			387,664			385,856
Effect of dilutive securities:
Dilution for Units issuable upon assumed exercise/vesting    of the Company’s long-term compensation shares/units		1,863			1,773			1,698			1,964
ATM forward sales		69			—			1			—
Denominator for net income per Unit – diluted		389,463			387,367			389,363			387,820
Net income per Unit – basic	$	0.78		$	1.00		$	0.59		$	0.84
Net income per Unit – diluted	$	0.78		$	1.00		$	0.59		$	0.84