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

3 Months Ended

Mar. 31, 2013

Organization, Basis of Presentation and Significant Accounting Policies

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
	3-31-13			3-31-12
Basic and diluted shares outstanding
Weighted average common shares - basic	119,680,510			94,855,266
Weighted average DownREIT units outstanding	7,500			7,500
Effect of dilutive securities	423,118			791,013
Weighted average common shares - diluted	120,111,128			95,653,779
Calculation of Earnings per Share - basic
Net income attributable to common stockholders	$	75,427		$	57,758
Net income allocated to unvested restricted shares	(139		)	(254		)
Net income attributable to common stockholders, adjusted	$	75,288		$	57,504
Weighted average common shares - basic	119,680,510			94,855,266
Earnings per common share - basic	$	0.63		$	0.61
Calculation of Earnings per Share - diluted
Net income attributable to common stockholders	$	75,427		$	57,758
Add: noncontrolling interests of DownREIT unitholders in consolidated partnerships, including discontinued operations	8			7
Adjusted net income attributable to common stockholders	$	75,435		$	57,765
Weighted average common shares - diluted	120,111,128			95,653,779
Earnings per common share - diluted	$	0.63		$	0.60