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

3 Months Ended

Mar. 31, 2016

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
	3/31/2016			3/31/2015
Basic and diluted shares outstanding
Weighted average common shares - basic	136,785,880			131,883,741
Weighted average DownREIT units outstanding	7,500			7,500
Effect of dilutive securities	589,664			1,284,532
Weighted average common shares - diluted	137,383,044			133,175,773
Calculation of Earnings per Share - basic
Net income attributable to common stockholders	$	237,931		$	208,144
Net income allocated to unvested restricted shares	(632		)	(529		)
Net income attributable to common stockholders, adjusted	$	237,299		$	207,615
Weighted average common shares - basic	136,785,880			131,883,741
Earnings per common share - basic	$	1.73		$	1.57
Calculation of Earnings per Share - diluted
Net income attributable to common stockholders	$	237,931		$	208,144
Add: noncontrolling interests of DownREIT unitholders in consolidated partnerships, including discontinued operations	10			9
Adjusted net income available to common stockholders	$	237,941		$	208,153
Weighted average common shares - diluted	137,383,044			133,175,773
Earnings per common share - diluted	$	1.73		$	1.56