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

6 Months Ended

Jun. 30, 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						For the six months ended
	6/30/2016			6/30/2015			6/30/2016			6/30/2015
Basic and diluted shares outstanding
Weighted average common shares - basic	136,918,770			131,977,578			136,852,323			131,930,916
Weighted average DownREIT units outstanding	7,500			7,500			7,500			7,500
Effect of dilutive securities	511,463			1,101,361			550,564			1,192,947
Weighted average common shares - diluted	137,437,733			133,086,439			137,410,387			133,131,363
Calculation of Earnings per Share - basic
Net income attributable to common stockholders	$	197,444		$	172,324		$	435,377		$	380,469
Net income allocated to unvested restricted shares	(516		)	(445		)	(1,147		)	(975		)
Net income attributable to common stockholders, adjusted	$	196,928		$	171,879		$	434,230		$	379,494
Weighted average common shares - basic	136,918,770			131,977,578			136,852,323			131,930,916
Earnings per common share - basic	$	1.44		$	1.30		$	3.17		$	2.88
Calculation of Earnings per Share - diluted
Net income attributable to common stockholders	$	197,444		$	172,324		$	435,377		$	380,469
Add: noncontrolling interests of DownREIT unitholders in consolidated partnerships, including discontinued operations	10			9			20			19
Adjusted net income available to common stockholders	$	197,454		$	172,333		$	435,397		$	380,488
Weighted average common shares - diluted	137,437,733			133,086,439			137,410,387			133,131,363
Earnings per common share - diluted	$	1.44		$	1.29		$	3.17		$	2.86