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

9 Months Ended

Sep. 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 nine months ended
	9/30/2016			9/30/2015			9/30/2016			9/30/2015
Basic and diluted shares outstanding
Weighted average common shares - basic	136,997,756			133,669,584			136,901,164			132,516,847
Weighted average DownREIT units outstanding	7,500			7,500			7,500			7,500
Effect of dilutive securities	499,798			1,032,376			533,642			1,139,423
Weighted average common shares - diluted	137,505,054			134,709,460			137,442,306			133,663,770
Calculation of Earnings per Share - basic
Net income attributable to common stockholders	$	356,392		$	206,142		$	791,767		$	586,610
Net income allocated to unvested restricted shares	(872		)	(467		)	(2,036		)	(1,444		)
Net income attributable to common stockholders, adjusted	$	355,520		$	205,675		$	789,731		$	585,166
Weighted average common shares - basic	136,997,756			133,669,584			136,901,164			132,516,847
Earnings per common share - basic	$	2.60		$	1.54		$	5.77		$	4.42
Calculation of Earnings per Share - diluted
Net income attributable to common stockholders	$	356,392		$	206,142		$	791,767		$	586,610
Add: noncontrolling interests of DownREIT unitholders in consolidated partnerships, including discontinued operations	10			9			30			28
Adjusted net income available to common stockholders	$	356,402		$	206,151		$	791,797		$	586,638
Weighted average common shares - diluted	137,505,054			134,709,460			137,442,306			133,663,770
Earnings per common share - diluted	$	2.59		$	1.53		$	5.76		$	4.39