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CONSOLIDATED STATEMENTS OF OPERATIONS OF ERP OPERATING LIMITED PARTNERSHIP - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
REVENUES      
Rental income $ 2,571,705 $ 2,700,691 $ 2,577,681
EXPENSES      
Property and maintenance 440,998 446,845 429,335
Real estate taxes and insurance 381,562 366,139 357,814
Property management 93,825 95,344 92,485
General and administrative 48,305 52,757 53,813
Depreciation 820,832 831,083 785,725
Total expenses 1,785,522 1,792,168 1,719,172
Net gain (loss) on sales of real estate properties 531,807 447,637 256,810
Impairment     (702)
Operating income 1,317,990 1,356,160 1,114,617
Interest and other income 5,935 3,201 16,070
Other expenses (17,510) (18,177) (17,267)
Interest:      
Expense incurred, net (365,073) (390,076) (413,360)
Amortization of deferred financing costs (8,939) (11,670) (11,310)
Income before income and other taxes, income (loss) from investments in unconsolidated entities and net gain (loss) on sales of land parcels 932,403 939,438 688,750
Income and other tax (expense) benefit (852) 2,281 (878)
Income (loss) from investments in unconsolidated entities (3,284) 65,945 (3,667)
Net gain (loss) on sales of land parcels 34,234 2,044 987
Net income 962,501 1,009,708 685,192
Partially Owned Properties (14,855) (3,297) (2,718)
Net income attributable to controlling interests $ 913,636 $ 970,377 $ 657,535
Earnings per Unit – basic:      
Net income available to Units $ 2.45 $ 2.61 $ 1.78
Earnings per Unit – diluted:      
Net income available to Units $ 2.45 $ 2.60 $ 1.77
Weighted average Units outstanding 385,874 386,333 383,695
ERPOP [Member]      
REVENUES      
Rental income $ 2,571,705 $ 2,700,691 $ 2,577,681
EXPENSES      
Property and maintenance 440,998 446,845 429,335
Real estate taxes and insurance 381,562 366,139 357,814
Property management 93,825 95,344 92,485
General and administrative 48,305 52,757 53,813
Depreciation 820,832 831,083 785,725
Total expenses 1,785,522 1,792,168 1,719,172
Net gain (loss) on sales of real estate properties 531,807 447,637 256,810
Impairment     (702)
Operating income 1,317,990 1,356,160 1,114,617
Interest and other income 5,935 3,201 16,070
Other expenses (17,510) (18,177) (17,267)
Interest:      
Expense incurred, net (365,073) (390,076) (413,360)
Amortization of deferred financing costs (8,939) (11,670) (11,310)
Income before income and other taxes, income (loss) from investments in unconsolidated entities and net gain (loss) on sales of land parcels 932,403 939,438 688,750
Income and other tax (expense) benefit (852) 2,281 (878)
Income (loss) from investments in unconsolidated entities (3,284) 65,945 (3,667)
Net gain (loss) on sales of land parcels 34,234 2,044 987
Net income 962,501 1,009,708 685,192
Partially Owned Properties (14,855) (3,297) (2,718)
Net income attributable to controlling interests 947,646 1,006,411 682,474
ALLOCATION OF NET INCOME:      
Preference Units 3,090 3,090 3,090
General Partner 910,546 967,287 654,445
Limited Partners 34,010 36,034 24,939
Net income available to Units $ 944,556 $ 1,003,321 $ 679,384
Earnings per Unit – basic:      
Net income available to Units $ 2.45 $ 2.61 $ 1.78
Weighted average Units outstanding 384,794 383,368 380,921
Earnings per Unit – diluted:      
Net income available to Units $ 2.45 $ 2.60 $ 1.77
Weighted average Units outstanding 385,874 386,333 383,695