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

3 Months Ended

Mar. 31, 2014

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
	3-31-14			3-31-13
Basic and diluted shares outstanding
Weighted average common shares - basic	129,288,771			119,680,510
Weighted average DownREIT units outstanding	7,500			7,500
Effect of dilutive securities	333,286			423,118
Weighted average common shares - diluted	129,629,557			120,111,128
Calculation of Earnings per Share - basic
Net income attributable to common stockholders	$	141,739		$	75,427
Net income allocated to unvested restricted shares	(232		)	(139		)
Net income attributable to common stockholders, adjusted	$	141,507		$	75,288
Weighted average common shares - basic	129,288,771			119,680,510
Earnings per common share - basic	$	1.09		$	0.63
Calculation of Earnings per Share - diluted
Net income attributable to common stockholders	$	141,739		$	75,427
Add: noncontrolling interests of DownREIT unitholders in consolidated partnerships, including discontinued operations	9			8
Adjusted net income available to common stockholders	$	141,748		$	75,435
Weighted average common shares - diluted	129,629,557			120,111,128
Earnings per common share - diluted	$	1.09		$	0.63