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

9 Months Ended

Sep. 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 nine months ended
	9/30/2015			9/30/2014			9/30/2015			9/30/2014
Basic and diluted shares outstanding
Weighted average common shares - basic	133,669,584			131,330,078			132,516,847			130,165,873
Weighted average DownREIT units outstanding	7,500			7,500			7,500			7,500
Effect of dilutive securities	1,032,376			568,417			1,139,423			554,627
Weighted average common shares - diluted	134,709,460			131,905,995			133,663,770			130,728,000
Calculation of Earnings per Share - basic
Net income attributable to common stockholders	$	206,142		$	241,100		$	586,610		$	540,929
Net income allocated to unvested restricted shares	(467		)	(366		)	(1,444		)	(858		)
Net income attributable to common stockholders, adjusted	$	205,675		$	240,734		$	585,166		$	540,071
Weighted average common shares - basic	133,669,584			131,330,078			132,516,847			130,165,873
Earnings per common share - basic	$	1.54		$	1.83		$	4.42		$	4.15
Calculation of Earnings per Share - diluted
Net income attributable to common stockholders	$	206,142		$	241,100		$	586,610		$	540,929
Add: noncontrolling interests of DownREIT unitholders in consolidated partnerships, including discontinued operations	9			9			28			26
Adjusted net income available to common stockholders	$	206,151		$	241,109		$	586,638		$	540,955
Weighted average common shares - diluted	134,709,460			131,905,995			133,663,770			130,728,000
Earnings per common share - diluted	$	1.53		$	1.83		$	4.39		$	4.14