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Earnings Per Share and Earnings Per Unit (Tables) | 9 Months Ended
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Sep. 30, 2021
Schedule of Calculation of Numerator and Denominator in Earnings Per Share and Earnings Per Unit | The following tables set forth the computation of net income per share – basic and net income per share – diluted for the Company (amounts in thousands except per share amounts):
|  | Nine Months Ended September 30, |  |  | Quarter Ended September 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Numerator for net income per share – basic: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 835,736 |  |  | $ | 699,517 |  |  | $ | 447,332 |  |  | $ | 95,365 |
Allocation to Noncontrolling Interests – Operating Partnership |  |  | (27,903 | ) |  |  | (24,624 | ) |  |  | (14,847 | ) |  |  | (3,376 | )
Net (income) loss attributable to Noncontrolling Interests – Partially Owned Properties |  |  | (1,957 | ) |  |  | (14,113 | ) |  |  | (534 | ) |  |  | (703 | )
Preferred distributions |  |  | (2,318 | ) |  |  | (2,318 | ) |  |  | (773 | ) |  |  | (773 | )
Numerator for net income per share – basic |  | $ | 803,558 |  |  | $ | 658,462 |  |  | $ | 431,178 |  |  | $ | 90,513 |
Numerator for net income per share – diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 835,736 |  |  | $ | 699,517 |  |  | $ | 447,332 |  |  | $ | 95,365 |
Net (income) loss attributable to Noncontrolling Interests – Partially Owned Properties |  |  | (1,957 | ) |  |  | (14,113 | ) |  |  | (534 | ) |  |  | (703 | )
Preferred distributions |  |  | (2,318 | ) |  |  | (2,318 | ) |  |  | (773 | ) |  |  | (773 | )
Numerator for net income per share – diluted |  | $ | 831,461 |  |  | $ | 683,086 |  |  | $ | 446,025 |  |  | $ | 93,889 |
Denominator for net income per share – basic and diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Denominator for net income per share – basic |  |  | 373,474 |  |  |  | 371,749 |  |  |  | 374,308 |  |  |  | 371,869 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
OP Units |  |  | 12,367 |  |  |  | 13,010 |  |  |  | 12,019 |  |  |  | 13,002 |
Long-term compensation shares/units |  |  | 1,801 |  |  |  | 1,214 |  |  |  | 2,047 |  |  |  | 781 |
Denominator for net income per share – diluted |  |  | 387,642 |  |  |  | 385,973 |  |  |  | 388,374 |  |  |  | 385,652 |
Net income per share – basic |  | $ | 2.15 |  |  | $ | 1.77 |  |  | $ | 1.15 |  |  | $ | 0.24 |
Net income per share – diluted |  | $ | 2.14 |  |  | $ | 1.77 |  |  | $ | 1.15 |  |  | $ | 0.24 |
ERPOP [Member] |
Schedule of Calculation of Numerator and Denominator in Earnings Per Share and Earnings Per Unit | The following tables set forth the computation of net income per Unit – basic and net income per Unit – diluted for the Operating Partnership (amounts in thousands except per Unit amounts):
|  | Nine Months Ended September 30, |  |  | Quarter Ended September 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Numerator for net income per Unit – basic and diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 835,736 |  |  | $ | 699,517 |  |  | $ | 447,332 |  |  | $ | 95,365 |
Net (income) loss attributable to Noncontrolling Interests – Partially Owned Properties |  |  | (1,957 | ) |  |  | (14,113 | ) |  |  | (534 | ) |  |  | (703 | )
Allocation to Preference Units |  |  | (2,318 | ) |  |  | (2,318 | ) |  |  | (773 | ) |  |  | (773 | )
Numerator for net income per Unit – basic and diluted |  | $ | 831,461 |  |  | $ | 683,086 |  |  | $ | 446,025 |  |  | $ | 93,889 |
Denominator for net income per Unit – basic and diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Denominator for net income per Unit – basic |  |  | 385,841 |  |  |  | 384,759 |  |  |  | 386,327 |  |  |  | 384,871 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dilution for Units issuable upon assumed exercise/vesting of the Company’s long-term compensation shares/units |  |  | 1,801 |  |  |  | 1,214 |  |  |  | 2,047 |  |  |  | 781 |
Denominator for net income per Unit – diluted |  |  | 387,642 |  |  |  | 385,973 |  |  |  | 388,374 |  |  |  | 385,652 |
Net income per Unit – basic |  | $ | 2.15 |  |  | $ | 1.77 |  |  | $ | 1.15 |  |  | $ | 0.24 |
Net income per Unit – diluted |  | $ | 2.14 |  |  | $ | 1.77 |  |  | $ | 1.15 |  |  | $ | 0.24 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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