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

6 Months Ended

Jun. 30, 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						For the six months ended
	6/30/2015			6/30/2014			6/30/2015			6/30/2014
Basic and diluted shares outstanding
Weighted average common shares - basic	131,977,578			129,856,335			131,930,916			129,574,118
Weighted average DownREIT units outstanding	7,500			7,500			7,500			7,500
Effect of dilutive securities	1,101,361			384,486			1,192,947			356,614
Weighted average common shares - diluted	133,086,439			130,248,321			133,131,363			129,938,232
Calculation of Earnings per Share - basic
Net income attributable to common stockholders	$	172,324		$	158,086		$	380,469		$	299,825
Net income allocated to unvested restricted shares	(445		)	(254		)	(975		)	(487		)
Net income attributable to common stockholders, adjusted	$	171,879		$	157,832		$	379,494		$	299,338
Weighted average common shares - basic	131,977,578			129,856,335			131,930,916			129,574,118
Earnings per common share - basic	$	1.30		$	1.22		$	2.88		$	2.31
Calculation of Earnings per Share - diluted
Net income attributable to common stockholders	$	172,324		$	158,086		$	380,469		$	299,825
Add: noncontrolling interests of DownREIT unitholders in consolidated partnerships, including discontinued operations	9			9			19			17
Adjusted net income available to common stockholders	$	172,333		$	158,095		$	380,488		$	299,842
Weighted average common shares - diluted	133,086,439			130,248,321			133,131,363			129,938,232
Earnings per common share - diluted	$	1.29		$	1.21		$	2.86		$	2.31