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CONSOLIDATED STATEMENTS OF OPERATIONS OF ERP OPERATING LIMITED PARTNERSHIP (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
REVENUES    
Rental income $ 682,305 $ 662,302
Fee and asset management $ 24 $ 192
Type of Revenue [Extensible List] us-gaap:ManagementServiceMember us-gaap:ManagementServiceMember
Total revenues $ 682,329 $ 662,494
EXPENSES    
Property and maintenance 115,816 115,070
Real estate taxes and insurance 97,732 91,442
Property management 27,709 26,396
General and administrative 14,518 15,381
Depreciation 212,422 204,215
Total expenses 468,197 452,504
Net gain (loss) on sales of real estate properties 207,977 (21)
Operating income 422,109 209,969
Interest and other income 1,936 581
Other expenses (2,533) (3,275)
Interest:    
Expense incurred, net (85,590) (94,938)
Amortization of deferred financing costs (2,041) (2,136)
Income before income and other taxes, income (loss) from investments in unconsolidated entities and net gain (loss) on sales of land parcels 333,881 110,201
Income and other tax (expense) benefit (53) (238)
Income (loss) from investments in unconsolidated entities (1,157) (707)
Net gain (loss) on sales of land parcels   1
Net income 332,671 109,257
Partially Owned Properties (12,530) (799)
Net income attributable to controlling interests $ 308,606 $ 104,539
Earnings per Unit – basic:    
Net income available to Units $ 0.83 $ 0.28
Earnings per Unit – diluted:    
Net income available to Units $ 0.83 $ 0.28
Weighted average Units outstanding 386,949 385,184
ERPOP [Member]    
REVENUES    
Rental income $ 682,305 $ 662,302
Fee and asset management $ 24 $ 192
Type of Revenue [Extensible List] us-gaap:ManagementServiceMember us-gaap:ManagementServiceMember
Total revenues $ 682,329 $ 662,494
EXPENSES    
Property and maintenance 115,816 115,070
Real estate taxes and insurance 97,732 91,442
Property management 27,709 26,396
General and administrative 14,518 15,381
Depreciation 212,422 204,215
Total expenses 468,197 452,504
Net gain (loss) on sales of real estate properties 207,977 (21)
Operating income 422,109 209,969
Interest and other income 1,936 581
Other expenses (2,533) (3,275)
Interest:    
Expense incurred, net (85,590) (94,938)
Amortization of deferred financing costs (2,041) (2,136)
Income before income and other taxes, income (loss) from investments in unconsolidated entities and net gain (loss) on sales of land parcels 333,881 110,201
Income and other tax (expense) benefit (53) (238)
Income (loss) from investments in unconsolidated entities (1,157) (707)
Net gain (loss) on sales of land parcels   1
Net income 332,671 109,257
Partially Owned Properties (12,530) (799)
Net income attributable to controlling interests 320,141 108,458
ALLOCATION OF NET INCOME:    
Preference Units 773 773
General Partner 307,833 103,766
Limited Partners 11,535 3,919
Net income available to Units $ 319,368 $ 107,685
Earnings per Unit – basic:    
Net income available to Units $ 0.83 $ 0.28
Weighted average Units outstanding 384,586 382,477
Earnings per Unit – diluted:    
Net income available to Units $ 0.83 $ 0.28
Weighted average Units outstanding 386,949 385,184