Earnings per Share ("EPS"): The following table reconciles the numerator and denominator used in the computation of EPS for the three months ended March 31, 2017 and 2016 (shares in thousands): | | | | | | | | | | | | For the Three Months Ended March 31, | | | 2017 | | 2016 | Numerator | | | | | Net income | | $ | 74,809 |
| | $ | 451,375 |
| Net income attributable to noncontrolling interests | | (5,566 | ) | | (30,460 | ) | Net income attributable to the Company | | 69,243 |
| | 420,915 |
| Allocation of earnings to participating securities | | (184 | ) | | (420 | ) | Numerator for basic and diluted EPS—net income attributable to common stockholders | | $ | 69,059 |
| | $ | 420,495 |
| Denominator | | | | | Denominator for basic EPS—weighted average number of common shares outstanding | | 143,596 |
| | 151,984 |
| Effect of dilutive securities:(1) | | | | | Share and unit-based compensation plans | | 59 |
| | 119 |
| Denominator for diluted EPS—weighted average number of common shares outstanding | | 143,655 |
| | 152,103 |
| Earnings per common share—net income attributable to common stockholders: | | | | | Basic | | $ | 0.48 |
| | $ | 2.77 |
| Diluted | | $ | 0.48 |
| | $ | 2.76 |
|
| | (1) | Diluted EPS excludes 90,619 and 138,759 convertible preferred units for the three months ended March 31, 2017 and 2016, respectively, as their impact was antidilutive. |
Diluted EPS excludes 10,591,428 and 10,820,343 Operating Partnership units ("OP Units") for the three months ended March 31, 2017 and 2016, respectively, as their impact was antidilutive. |