| Schedule of earnings per common share |
|
|
|
|
For the three months ended |
|
For the six months ended |
|
|
|
|
6-30-12 |
|
6-30-11 |
|
6-30-12 |
|
6-30-11 |
|
|
Basic and diluted shares outstanding |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common shares - basic |
|
95,308,163 |
|
87,317,602 |
|
95,082,172 |
|
86,746,992 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average DownREIT units outstanding |
|
7,500 |
|
7,707 |
|
7,500 |
|
8,992 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Effect of dilutive securities |
|
677,162 |
|
871,129 |
|
730,531 |
|
841,997 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common shares - diluted |
|
95,992,825 |
|
88,196,438 |
|
95,820,203 |
|
87,597,981 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Calculation of Earnings per Share - basic |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to common stockholders |
|
$ |
156,909 |
|
$ |
43,373 |
|
$ |
214,667 |
|
$ |
73,713 |
|
|
Net income allocated to unvested restricted shares |
|
(547 |
) |
(123 |
) |
(845 |
) |
(206 |
) |
|
Net income attributable to common stockholders, adjusted |
|
$ |
156,362 |
|
$ |
43,250 |
|
$ |
213,822 |
|
$ |
73,507 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common shares - basic |
|
95,308,163 |
|
87,317,602 |
|
95,082,172 |
|
86,746,992 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per common share - basic |
|
$ |
1.64 |
|
$ |
0.50 |
|
$ |
2.25 |
|
$ |
0.85 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Calculation of Earnings per Share - diluted |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to common stockholders |
|
$ |
156,909 |
|
$ |
43,373 |
|
$ |
214,667 |
|
$ |
73,713 |
|
|
Add: noncontrolling interests of DownREIT unitholders in consolidated partnerships, including discontinued operations |
|
7 |
|
7 |
|
13 |
|
13 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted net income attributable to common stockholders |
|
$ |
156,916 |
|
$ |
43,380 |
|
$ |
214,680 |
|
$ |
73,726 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common shares - diluted |
|
95,992,825 |
|
88,196,438 |
|
95,820,203 |
|
87,597,981 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per common share - diluted |
|
$ |
1.63 |
|
$ |
0.49 |
|
$ |
2.24 |
|
$ |
0.84 |
|
|
|