Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2015

Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block]

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):

	Quarter Ended March 31,
	2015			2014
Numerator for net income per share – basic:
Income from continuing operations	$	190,020		$	81,680
Allocation to Noncontrolling Interests – Operating Partnership, net	(7,051		)	(3,053		)
Net (income) attributable to Noncontrolling Interests – Partially Owned Properties	(643		)	(504		)
Preferred distributions	(891		)	(1,036		)
Premium on redemption of Preferred Shares	(2,789		)	—
Income from continuing operations available to Common Shares, net of Noncontrolling Interests	178,646			77,087
Discontinued operations, net of Noncontrolling Interests	196			1,012
Numerator for net income per share – basic	$	178,842		$	78,099
Numerator for net income per share – diluted:
Income from continuing operations	$	190,020		$	81,680
Net (income) attributable to Noncontrolling Interests – Partially Owned Properties	(643		)	(504		)
Preferred distributions	(891		)	(1,036		)
Premium on redemption of Preferred Shares	(2,789		)	—
Income from continuing operations available to Common Shares	185,697			80,140
Discontinued operations, net	204			1,052
Numerator for net income per share – diluted	$	185,901		$	81,192
Denominator for net income per share – basic and diluted:
Denominator for net income per share – basic	363,098			360,470
Effect of dilutive securities:
OP Units	13,598			13,731
Long-term compensation shares/units	3,631			2,183
Denominator for net income per share – diluted	380,327			376,384
Net income per share – basic	$	0.49		$	0.22
Net income per share – diluted	$	0.49		$	0.22
Net income per share – basic:
Income from continuing operations available to Common Shares, net of Noncontrolling Interests	$	0.492		$	0.214
Discontinued operations, net of Noncontrolling Interests	0.001			0.003
Net income per share – basic	$	0.493		$	0.217
Net income per share – diluted:
Income from continuing operations available to Common Shares	$	0.488		$	0.213
Discontinued operations, net	0.001			0.003
Net income per share – diluted	$	0.489		$	0.216

OPERATING PARTNERSHIP

Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block]

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):

	Quarter Ended March 31,
	2015			2014
Numerator for net income per Unit – basic and diluted:
Income from continuing operations	$	190,020		$	81,680
Net (income) attributable to Noncontrolling Interests – Partially Owned Properties	(643		)	(504		)
Allocation to Preference Units	(891		)	(1,036		)
Allocation to premium on redemption of Preference Units	(2,789		)	—
Income from continuing operations available to Units	185,697			80,140
Discontinued operations, net	204			1,052
Numerator for net income per Unit – basic and diluted	$	185,901		$	81,192
Denominator for net income per Unit – basic and diluted:
Denominator for net income per Unit – basic	376,696			374,201
Effect of dilutive securities:
Dilution for Units issuable upon assumed exercise/vesting of the Company’s long-term compensation shares/units	3,631			2,183
Denominator for net income per Unit – diluted	380,327			376,384
Net income per Unit – basic	$	0.49		$	0.22
Net income per Unit – diluted	$	0.49		$	0.22
Net income per Unit – basic:
Income from continuing operations available to Units	$	0.492		$	0.214
Discontinued operations, net	0.001			0.003
Net income per Unit – basic	$	0.493		$	0.217
Net income per Unit – diluted:
Income from continuing operations available to Units	$	0.488		$	0.213
Discontinued operations, net	0.001			0.003
Net income per Unit – diluted	$	0.489		$	0.216