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Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Schedule of earnings per share
In the dilutive EPS calculation, dilutive stock options were calculated using the treasury stock method consistent with prior periods. There were no anti-dilutive stock options for the three months ended March 31, 2016 and 2015. The conversions of downREIT operating partnership units and 5.417% Series 1 Cumulative Convertible Preferred Shares are anti-dilutive for all periods presented and accordingly, have been excluded from the weighted average common shares used to compute diluted EPS.
 
Three Months Ended
 
March 31,
 
2016
 
2015
 
(In thousands, except per share data)
NUMERATOR
 
 
 
Income from continuing operations
$
53,337

 
$
48,203

Less: Preferred share dividends
(135
)
 
(135
)
Less: Net income attributable to noncontrolling interests
(2,108
)
 
(2,017
)
Less: Earnings allocated to unvested shares
(236
)
 
(210
)
Income from continuing operations available for common shareholders
50,858

 
45,841

Gain on change in control of interests
25,726

 
—

Net income available for common shareholders, basic and diluted
$
76,584

 
$
45,841

DENOMINATOR
 
 
 
Weighted average common shares outstanding—basic
69,771

 
68,368

Effect of dilutive securities:
 
 
 
Stock options
186

 
195

Weighted average common shares outstanding—diluted
69,957

 
68,563

EARNINGS PER COMMON SHARE, BASIC
 
 
 
Continuing operations
$
0.73

 
$
0.67

Gain on change in control of interests
0.37

 
—

 
$
1.10

 
$
0.67

EARNINGS PER COMMON SHARE, DILUTED
 
 
 
Continuing operations
$
0.73

 
$
0.67

Gain on change in control of interests
0.37

 
—

 
$
1.10

 
$
0.67

Income from continuing operations attributable to the Trust
$
51,229

 
$
46,186