Computation of Basic and Diluted Earnings Per Share:

Net income available to the Company's common shareholders

$

629,252

$

100,758

$

818,643

Change in estimated redemption value of redeemable noncontrolling interests

2,323

-

2,304

Earnings attributable to participating securities

(2,819

)

(2,182

)

(5,346

)

Net income available to the Company’s common shareholders for basic earnings per share

628,756

98,576

815,601

Distributions on convertible units

53

-

3,087

Net income available to the Company’s common shareholders for diluted earnings per share

$

628,809

$

98,576

$

818,688

Weighted average common shares outstanding – basic

616,947

615,528

506,248

Effect of dilutive securities (1):

Equity awards

1,132

2,283

2,422

Assumed conversion of convertible units

120

47

2,715

Weighted average common shares outstanding – diluted

618,199

617,858

511,385

Net income available to the Company's common shareholders:

Basic earnings per share

$

1.02

$

0.16

$

1.61

Diluted earnings per share

$

1.02

$

0.16

$

1.60