XML 39 R28.htm IDEA: XBRL DOCUMENT v3.20.2
Organization, Basis of Presentation and Significant Accounting Policies (Details 2) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Sep. 30, 2020
Sep. 30, 2019
Basic and diluted shares outstanding                
Weighted average common shares - basic (in shares) 140,271,574     139,340,142     140,366,438 138,931,955
Weighted average DownREIT units outstanding (in shares) 7,500     7,500     7,500 7,500
Effect of dilutive securities (in shares) 324,648     505,032     328,865 498,609
Weighted average common shares - diluted (in shares) 140,603,722     139,852,674     140,702,803 139,438,064
Calculation of Earnings per Share - basic                
Net income attributable to common stockholders $ 147,703 $ 170,828 $ 167,971 $ 279,677 $ 168,281 $ 170,366 $ 486,502 $ 618,324
Net income allocated to unvested restricted shares (342)     (704)     (1,158) (1,655)
Net income attributable to common stockholders, adjusted $ 147,361     $ 278,973     $ 485,344 $ 616,669
Weighted average common shares - basic (in shares) 140,271,574     139,340,142     140,366,438 138,931,955
Earnings per common share - basic (in dollars per share) $ 1.05     $ 2.00     $ 3.46 $ 4.44
Calculation of Earnings per Share - diluted                
Net income attributable to common stockholders $ 147,703 $ 170,828 $ 167,971 $ 279,677 $ 168,281 $ 170,366 $ 486,502 $ 618,324
Add: noncontrolling interests of DownREIT unitholders in consolidated partnerships 12     11     36 34
Adjusted net income attributable to common stockholders $ 147,715     $ 279,688     $ 486,538 $ 618,358
Weighted average common shares - diluted (in shares) 140,603,722     139,852,674     140,702,803 139,438,064
Earnings per common share - diluted (in dollars per share) $ 1.05     $ 2.00     $ 3.46 $ 4.43