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Organization, Basis of Presentation and Significant Accounting Policies (Tables) | 9 Months Ended
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Sep. 30, 2019
Accounting Policies [Abstract] |
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 |  | For the nine months ended
| 9/30/2019 |  | 9/30/2018 |  | 9/30/2019 |  | 9/30/2018
Basic and diluted shares outstanding |  |  |  |  |  |  |  |  |
Weighted average common shares - basic | 139,340,142 |  |  | 137,848,788 |  |  | 138,931,955 |  |  | 137,818,076 |
Weighted average DownREIT units outstanding | 7,500 |  |  | 7,500 |  |  | 7,500 |  |  | 7,500 |
Effect of dilutive securities | 505,032 |  |  | 466,776 |  |  | 498,609 |  |  | 405,148 |
Weighted average common shares - diluted | 139,852,674 |  |  | 138,323,064 |  |  | 139,438,064 |  |  | 138,230,724 |
Calculation of Earnings per Share - basic |  |  |  |  |  |  |  |  |
Net income attributable to common stockholders | $ | 279,677 |  |  | $ | 192,486 |  |  | $ | 618,324 |  |  | $ | 588,791 |
Net income allocated to unvested restricted shares | (704 | ) |  | (555 | ) |  | (1,655 | ) |  | (1,722 | )
Net income attributable to common stockholders, adjusted | $ | 278,973 |  |  | $ | 191,931 |  |  | $ | 616,669 |  |  | $ | 587,069 |
Weighted average common shares - basic | 139,340,142 |  |  | 137,848,788 |  |  | 138,931,955 |  |  | 137,818,076 |
Earnings per common share - basic | $ | 2.00 |  |  | $ | 1.39 |  |  | $ | 4.44 |  |  | $ | 4.26 |
Calculation of Earnings per Share - diluted |  |  |  |  |  |  |  |  |
Net income attributable to common stockholders | $ | 279,677 |  |  | $ | 192,486 |  |  | $ | 618,324 |  |  | $ | 588,791 |
Add: noncontrolling interests of DownREIT unitholders in consolidated partnerships | 11 |  |  | 11 |  |  | 34 |  |  | 33 |
Adjusted net income attributable to common stockholders | $ | 279,688 |  |  | $ | 192,497 |  |  | $ | 618,358 |  |  | $ | 588,824 |
Weighted average common shares - diluted | 139,852,674 |  |  | 138,323,064 |  |  | 139,438,064 |  |  | 138,230,724 |
Earnings per common share - diluted | $ | 2.00 |  |  | $ | 1.39 |  |  | $ | 4.43 |  |  | $ | 4.26 |
Disaggregation of revenue | The following table provides details of the Company’s revenue streams disaggregated by the Company’s reportable operating segments, further discussed in Note 8, “Segment Reporting,” for the three and nine months ended September 30, 2019 and 2018. Segment information for total revenue has been adjusted to exclude the real estate assets that were sold from January 1, 2018 through September 30, 2019, or otherwise qualify as held for sale as of September 30, 2019, as described in Note 6, "Real Estate Disposition Activities." Additionally, as discussed above, the Company changed its presentation of charges for uncollectible lease revenue for the three and nine months ended September 30, 2019, including it as an adjustment to revenue and not as a component of operating expenses, as it is presented for prior periods on the accompanying Condensed Consolidated Statement of Comprehensive Income. In order to provide comparability between periods presented in the Company's segment reporting, the Company has included charges for uncollectible lease revenue for its segment results as a component of revenue for all periods presented. See Note 8, "Segment Reporting," for further discussion (dollars in thousands):
|  | For the three months ended
|  | Established Communities |  | Other Stabilized Communities |  | Development/ Redevelopment Communities |  | Non- allocated (1) |  | Total
For the period ended September 30, 2019 |  |  |  |  |  |  |  |  |  |
Management, development and other fees |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,231 |  |  | $ | 1,231 |
Rental and non-rental related income (2) |  | 1,520 |  |  | 638 |  |  | 234 |  |  | — |  |  | 2,392 |
Total non-lease revenue (3) |  | 1,520 |  |  | 638 |  |  | 234 |  |  | 1,231 |  |  | 3,623 |
Lease income (4) |  | 459,713 |  |  | 75,782 |  |  | 46,216 |  |  | — |  |  | 581,711 |
Business interruption insurance proceeds |  | — |  |  | 307 |  |  | — |  |  | — |  |  | 307 |
Total revenue |  | $ | 461,233 |  |  | $ | 76,727 |  |  | $ | 46,450 |  |  | $ | 1,231 |  |  | $ | 585,641 |
For the period ended September 30, 2018 |  |  |  |  |  |  |  |  |  |
Management, development and other fees |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 912 |  |  | $ | 912 |
Rental and non-rental related income (2) |  | 1,160 |  |  | 610 |  |  | 78 |  |  | — |  |  | 1,848 |
Total non-lease revenue (3) |  | 1,160 |  |  | 610 |  |  | 78 |  |  | 912 |  |  | 2,760 |
Lease income (4) |  | 447,892 |  |  | 60,838 |  |  | 33,145 |  |  | — |  |  | 541,875 |
Total revenue |  | $ | 449,052 |  |  | $ | 61,448 |  |  | $ | 33,223 |  |  | $ | 912 |  |  | $ | 544,635 |
|  | For the nine months ended
|  | Established Communities |  | Other Stabilized Communities |  | Development/ Redevelopment Communities |  | Non- allocated (1) |  | Total
For the period ended September 30, 2019 |  |  |  |  |  |  |  |  |  |
Management, development and other fees |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 3,484 |  |  | $ | 3,484 |
Rental and non-rental related income (2) |  | 4,890 |  |  | 1,656 |  |  | 566 |  |  | — |  |  | 7,112 |
Total non-lease revenue (3) |  | 4,890 |  |  | 1,656 |  |  | 566 |  |  | 3,484 |  |  | 10,596 |
Lease income (4) |  | 1,364,232 |  |  | 217,954 |  |  | 121,527 |  |  | — |  |  | 1,703,713 |
Business interruption insurance proceeds |  | 404 |  |  | 510 |  |  | — |  |  | — |  |  | 914 |
Total revenue |  | $ | 1,369,526 |  |  | $ | 220,120 |  |  | $ | 122,093 |  |  | $ | 3,484 |  |  | $ | 1,715,223 |
For the period ended September 30, 2018 |  |  |  |  |  |  |  |  |  |
Management, development and other fees |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,752 |  |  | $ | 2,752 |
Rental and non-rental related income (2) |  | 3,379 |  |  | 1,506 |  |  | 226 |  |  | — |  |  | 5,111 |
Total non-lease revenue (3) |  | 3,379 |  |  | 1,506 |  |  | 226 |  |  | 2,752 |  |  | 7,863 |
Lease income (4) |  | 1,324,445 |  |  | 169,960 |  |  | 96,407 |  |  | — |  |  | 1,590,812 |
Total revenue |  | $ | 1,327,824 |  |  | $ | 171,466 |  |  | $ | 96,633 |  |  | $ | 2,752 |  |  | $ | 1,598,675 |
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(1) | Revenue represents third-party property management, asset management, developer fees and miscellaneous income which are not allocated to a reportable segment.
(2) | Amounts include revenue streams related to activities that are not considered components of a lease, including but not limited to, apartment hold fees and application fees, as well as revenue streams not related to leasing activities, including but not limited to, vendor revenue sharing, building advertising, vending and dry cleaning revenue.
(3) | Represents all revenue accounted for under ASC 2014-09.
(4) Amounts include all revenue streams derived from residential and retail rental income and other lease income, which are accounted for under ASU 2016-02.

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