Organization, Basis of Presentation and Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2014

Accounting Policies [Abstract]

Schedule of earnings per common share

The Company’s earnings per common share are determined as follows (dollars in thousands, except per share data):

	For the three months ended						For the six months ended
	6/30/2014			6/30/2013			6/30/2014			6/30/2013
Basic and diluted shares outstanding
Weighted average common shares - basic	129,856,335			129,179,471			129,574,118			124,456,232
Weighted average DownREIT units outstanding	7,500			7,500			7,500			7,500
Effect of dilutive securities	384,486			408,428			356,614			415,931
Weighted average common shares - diluted	130,248,321			129,595,399			129,938,232			124,879,663
Calculation of Earnings per Share - basic
Net income attributable to common stockholders	$	158,086		$	36,218		$	299,825		$	111,648
Net income allocated to unvested restricted shares	(254		)	(59		)	(487		)	(193		)
Net income attributable to common stockholders, adjusted	$	157,832		$	36,159		$	299,338		$	111,455
Weighted average common shares - basic	129,856,335			129,179,471			129,574,118			124,456,232
Earnings per common share - basic	$	1.22		$	0.28		$	2.31		$	0.90
Calculation of Earnings per Share - diluted
Net income attributable to common stockholders	$	158,086		$	36,218		$	299,825		$	111,648
Add: noncontrolling interests of DownREIT unitholders in consolidated partnerships, including discontinued operations	9			8			17			16
Adjusted net income available to common stockholders	$	158,095		$	36,226		$	299,842		$	111,664
Weighted average common shares - diluted	130,248,321			129,595,399			129,938,232			124,879,663
Earnings per common share - diluted	$	1.21		$	0.28		$	2.31		$	0.89