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

3 Months Ended

Mar. 31, 2015

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
	3/31/2015			3/31/2014
Basic and diluted shares outstanding
Weighted average common shares - basic	131,883,741			129,288,771
Weighted average DownREIT units outstanding	7,500			7,500
Effect of dilutive securities	1,284,532			333,286
Weighted average common shares - diluted	133,175,773			129,629,557
Calculation of Earnings per Share - basic
Net income attributable to common stockholders	$	208,144		$	141,739
Net income allocated to unvested restricted shares	(529		)	(232		)
Net income attributable to common stockholders, adjusted	$	207,615		$	141,507
Weighted average common shares - basic	131,883,741			129,288,771
Earnings per common share - basic	$	1.57		$	1.09
Calculation of Earnings per Share - diluted
Net income attributable to common stockholders	$	208,144		$	141,739
Add: noncontrolling interests of DownREIT unitholders in consolidated partnerships, including discontinued operations	9			9
Adjusted net income available to common stockholders	$	208,153		$	141,748
Weighted average common shares - diluted	133,175,773			129,629,557
Earnings per common share - diluted	$	1.56		$	1.09