Organization, Basis of Presentation and Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2014

Accounting Policies [Abstract]

Schedule of earnings per common share

The Company’s earnings per common share are determined as follows (dollars in thousands, except per share data):

	For the three months ended						For the nine months ended
	9/30/2014			9/30/2013			9/30/2014			9/30/2013
Basic and diluted shares outstanding
Weighted average common shares - basic	131,330,078			129,208,839			130,165,873			126,057,793
Weighted average DownREIT units outstanding	7,500			7,500			7,500			7,500
Effect of dilutive securities (1)	568,417			—			554,627			411,821
Weighted average common shares - diluted	131,905,995			129,216,339			130,728,000			126,477,114
Calculation of Earnings per Share - basic
Net income (loss) attributable to common stockholders	$	241,100		$	(10,715	)	$	540,929		$	100,929
Net income (loss) allocated to unvested restricted shares	(366		)	16			(858		)	(166		)
Net income (loss) attributable to common stockholders, adjusted	$	240,734		$	(10,699	)	$	540,071		$	100,763
Weighted average common shares - basic	131,330,078			129,208,839			130,165,873			126,057,793
Earnings (loss) per common share - basic	$	1.83		$	(0.08	)	$	4.15		$	0.80
Calculation of Earnings per Share - diluted
Net income (loss) attributable to common stockholders	$	241,100		$	(10,715	)	$	540,929		$	100,929
Add: noncontrolling interests of DownREIT unitholders in consolidated partnerships, including discontinued operations	9			8			26			24
Adjusted net income (loss) available to common stockholders	$	241,109		$	(10,707	)	$	540,955		$	100,953
Weighted average common shares - diluted	131,905,995			129,216,339			130,728,000			126,477,114
Earnings (loss) per common share - diluted	$	1.83		$	(0.08	)	$	4.14		$	0.80