Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2016

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):

	Nine Months Ended September 30,						Quarter Ended September 30,
	2016			2015			2016			2015
Numerator for net income per share – basic:
Income from continuing operations	$	4,177,599		$	693,948		$	217,246		$	205,375
Allocation to Noncontrolling Interests – Operating Partnership, net	(160,437		)	(26,178		)	(8,344		)	(7,775		)
Net (income) attributable to Noncontrolling Interests – Partially Owned Properties	(2,368		)	(2,473		)	(823		)	(986		)
Preferred distributions	(2,318		)	(2,557		)	(773		)	(833		)
Premium on redemption of Preferred Shares	—			(2,789		)	—			—
Income from continuing operations available to Common Shares, net of Noncontrolling Interests	4,012,476			659,951			207,306			195,781
Discontinued operations, net of Noncontrolling Interests	119			337			237			78
Numerator for net income per share – basic	$	4,012,595		$	660,288		$	207,543		$	195,859
Numerator for net income per share – diluted:
Income from continuing operations	$	4,177,599		$	693,948		$	217,246		$	205,375
Net (income) attributable to Noncontrolling Interests – Partially Owned Properties	(2,368		)	(2,473		)	(823		)	(986		)
Preferred distributions	(2,318		)	(2,557		)	(773		)	(833		)
Premium on redemption of Preferred Shares	—			(2,789		)	—			—
Income from continuing operations available to Common Shares	4,172,913			686,129			215,650			203,556
Discontinued operations, net	124			350			246			81
Numerator for net income per share – diluted	$	4,173,037		$	686,479		$	215,896		$	203,637
Denominator for net income per share – basic and diluted:
Denominator for net income per share – basic	364,917			363,386			365,109			363,579
Effect of dilutive securities:
OP Units	13,828			13,584			13,899			13,568
Long-term compensation shares/units	3,539			3,453			3,365			3,516
Denominator for net income per share – diluted	382,284			380,423			382,373			380,663
Net income per share – basic	$	11.00		$	1.82		$	0.57		$	0.54
Net income per share – diluted	$	10.92		$	1.80		$	0.56		$	0.53
Net income per share – basic:
Income from continuing operations available to Common Shares, net of Noncontrolling Interests	$	11.00		$	1.82		$	0.57		$	0.54
Discontinued operations, net of Noncontrolling Interests	—			—			—			—
Net income per share – basic	$	11.00		$	1.82		$	0.57		$	0.54
Net income per share – diluted:
Income from continuing operations available to Common Shares	$	10.92		$	1.80		$	0.56		$	0.53
Discontinued operations, net	—			—			—			—
Net income per share – diluted	$	10.92		$	1.80		$	0.56		$	0.53

ERPOP [Member]

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):

	Nine Months Ended September 30,						Quarter Ended September 30,
	2016			2015			2016			2015
Numerator for net income per Unit – basic and diluted:
Income from continuing operations	$	4,177,599		$	693,948		$	217,246		$	205,375
Net (income) attributable to Noncontrolling Interests – Partially Owned Properties	(2,368		)	(2,473		)	(823		)	(986		)
Allocation to Preference Units	(2,318		)	(2,557		)	(773		)	(833		)
Allocation to premium on redemption of Preference Units	—			(2,789		)	—			—
Income from continuing operations available to Units	4,172,913			686,129			215,650			203,556
Discontinued operations, net	124			350			246			81
Numerator for net income per Unit – basic and diluted	$	4,173,037		$	686,479		$	215,896		$	203,637
Denominator for net income per Unit – basic and diluted:
Denominator for net income per Unit – basic	378,745			376,970			379,008			377,147
Effect of dilutive securities:
Dilution for Units issuable upon assumed exercise/vesting of the Company’s long-term compensation shares/units	3,539			3,453			3,365			3,516
Denominator for net income per Unit – diluted	382,284			380,423			382,373			380,663
Net income per Unit – basic	$	11.00		$	1.82		$	0.57		$	0.54
Net income per Unit – diluted	$	10.92		$	1.80		$	0.56		$	0.53
Net income per Unit – basic:
Income from continuing operations available to Units	$	11.00		$	1.82		$	0.57		$	0.54
Discontinued operations, net	—			—			—			—
Net income per Unit – basic	$	11.00		$	1.82		$	0.57		$	0.54
Net income per Unit – diluted:
Income from continuing operations available to Units	$	10.92		$	1.80		$	0.56		$	0.53
Discontinued operations, net	—			—			—			—
Net income per Unit – diluted	$	10.92		$	1.80		$	0.56		$	0.53