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CONSOLIDATED STATEMENTS OF OPERATIONS OF ERP OPERATING LIMITED PARTNERSHIP (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
REVENUES    
Rental income $ 603,920 $ 616,165
Fee and asset management 180 2,918
Total revenues 604,100 619,083
EXPENSES    
Property and maintenance 102,608 109,165
Real estate taxes and insurance 81,728 80,196
Property management 22,252 23,495
General and administrative 14,173 16,717
Depreciation 178,968 172,885
Total expenses 399,729 402,458
Operating income 204,371 216,625
Interest and other income 601 3,058
Other expenses (1,090) (2,556)
Interest:    
Expense incurred, net (106,210) (213,492)
Amortization of deferred financing costs (2,296) (5,394)
Income (loss) before income and other taxes, (loss) from investments in unconsolidated entities, net gain on sales of real estate properties and land parcels and discontinued operations 95,376 (1,759)
Income and other tax (expense) benefit (262) (350)
(Loss) from investments in unconsolidated entities (1,073) (1,104)
Net gain on sales of real estate properties 36,707 3,723,479
Net gain on sales of land parcels 19,193 11,722
Income from continuing operations 149,941 3,731,988
Discontinued operations, net 0 (157)
Net income 149,941 3,731,831
Net (income) attributable to Noncontrolling Interests – Partially Owned Properties (788) (764)
Net income attributable to controlling interests $ 143,742 $ 3,587,758
Earnings per Unit – basic:    
Income from continuing operations available to Units $ 0.39 $ 9.84
Net income available to Units 0.39 9.84
Earnings per Unit – diluted:    
Income from continuing operations available to Units 0.39 9.76
Net income available to Units $ 0.39 $ 9.76
Weighted average Units outstanding 382,280 382,243
ERPOP [Member]    
REVENUES    
Rental income $ 603,920 $ 616,165
Fee and asset management 180 2,918
Total revenues 604,100 619,083
EXPENSES    
Property and maintenance 102,608 109,165
Real estate taxes and insurance 81,728 80,196
Property management 22,252 23,495
General and administrative 14,173 16,717
Depreciation 178,968 172,885
Total expenses 399,729 402,458
Operating income 204,371 216,625
Interest and other income 601 3,058
Other expenses (1,090) (2,556)
Interest:    
Expense incurred, net (106,210) (213,492)
Amortization of deferred financing costs (2,296) (5,394)
Income (loss) before income and other taxes, (loss) from investments in unconsolidated entities, net gain on sales of real estate properties and land parcels and discontinued operations 95,376 (1,759)
Income and other tax (expense) benefit (262) (350)
(Loss) from investments in unconsolidated entities (1,073) (1,104)
Net gain on sales of real estate properties 36,707 3,723,479
Net gain on sales of land parcels 19,193 11,722
Income from continuing operations 149,941 3,731,988
Discontinued operations, net 0 (157)
Net income 149,941 3,731,831
Net (income) attributable to Noncontrolling Interests – Partially Owned Properties (788) (764)
Net income attributable to controlling interests 149,153 3,731,067
ALLOCATION OF NET INCOME:    
Preference Units 773 773
General Partner 142,969 3,586,985
Limited Partners 5,411 143,309
Net income available to Units $ 148,380 $ 3,730,294
Earnings per Unit – basic:    
Income from continuing operations available to Units $ 0.39 $ 9.84
Net income available to Units $ 0.39 $ 9.84
Weighted average Units outstanding 379,504 378,289
Earnings per Unit – diluted:    
Income from continuing operations available to Units $ 0.39 $ 9.76
Net income available to Units $ 0.39 $ 9.76
Weighted average Units outstanding 382,280 382,243
Distributions declared per Unit outstanding $ 0.50375 $ 8.50375