| Earnings (Loss) Per Common Share Unit |
| 18. |
Earnings (Loss) Per Common Share / Unit |
We determine basic earnings per share/unit based on the weighted average number of shares of common stock/units outstanding during the
period. We compute diluted earnings per share/unit based on the weighted average number of shares of common stock/units outstanding combined with the incremental weighted average effect from all outstanding potentially dilutive instruments.
The following table sets forth the
computation of our basic and diluted earnings per share/unit for the years ended December 31 (in thousands, except per share/unit amounts):
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| REIT |
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2011 (1) |
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2010 (1)(2) |
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2009 (1)(2) |
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Net loss attributable to common shares
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$ |
(188,110) |
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$ |
(1,295,920) |
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$ |
(2,650) |
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Weighted average common shares outstanding - Basic and Diluted (3)
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370,534 |
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219,515 |
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179,966 |
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Net loss per share attributable to common shares - Basic and
Diluted
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$ |
(0.51) |
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$ |
(5.90) |
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$ |
(0.01) |
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Operating Partnership
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Net loss attributable to common unitholders
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$ |
(188,459) |
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$ |
(1,295,920) |
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$ |
(2,650) |
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Weighted average common partnership units outstanding - Basic and Diluted (3)
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371,730 |
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219,515 |
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179,966 |
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Net loss per unit attributable to common unitholders - Basic and
Diluted
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$ |
(0.51) |
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$ |
(5.90) |
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$ |
(0.01) |
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| (1) |
In periods with a net loss, the inclusion of any incremental shares is anti-dilutive, and therefore, both basic and diluted shares/units are the same.
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| (2) |
As a result of the Merger, the historical shares of ProLogis were adjusted by the Merger exchange ratio of 0.4464 for all periods presented. As a result, the per
share/unit calculations and shares/units outstanding were also adjusted. |
| (3) |
Total weighted average potentially dilutive share awards outstanding (in thousands) for the years ended December 31, 2011, 2010 and 2009 were 7,648, 4,498 and
5,151, respectively. |
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