Attached files

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EXCEL - IDEA: XBRL DOCUMENT - BRE PROPERTIES INC /MD/Financial_Report.xls
EX-12 - EX-12 - BRE PROPERTIES INC /MD/d513418dex12.htm
EX-32.1 - EX-32.1 - BRE PROPERTIES INC /MD/d513418dex321.htm
EX-32.2 - EX-32.2 - BRE PROPERTIES INC /MD/d513418dex322.htm
EX-31.2 - EX-31.2 - BRE PROPERTIES INC /MD/d513418dex312.htm
EX-31.1 - EX-31.1 - BRE PROPERTIES INC /MD/d513418dex311.htm
10-Q - FORM 10-Q - BRE PROPERTIES INC /MD/d513418d10q.htm

Exhibit 11

STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS

 

(Dollar amounts in thousands)

 

     For the Three months Ended March 31,  
     2013     2012  

Numerator:

    

Income from continuing operations

   $ 34,986      $ 18,067   

Income from discontinued operations

     —          1,057   

Preferred stock dividend

     (911     (911

Redeemable noncontrolling interests in income

     (48     (105
  

 

 

   

 

 

 

Net income available to common shareholders

   $ 34,027      $ 18,108   
  

 

 

   

 

 

 

Denominator:

    

Denominator for basic earnings per share—weighted average shares

     76,990        76,000   

Dilutive effect of stock based awards

     260        380   
  

 

 

   

 

 

 

Denominator for diluted earnings per share adjusted for weighted average shares and assumed conversion(1)

     77,250        76,380   
  

 

 

   

 

 

 

Basic earnings per share from continuing operations

   $ 0.44      $ 0.23   

Basic earnings per share from discontinued operations

     0.00        0.01   
  

 

 

   

 

 

 

Basic earnings per share

   $ 0.44      $ 0.24   
  

 

 

   

 

 

 

Diluted earnings per share from continuing operations

   $ 0.44      $ 0.23   

Diluted earnings per share from discontinued operations

     0.00        0.01   
  

 

 

   

 

 

 

Diluted earnings per share

   $ 0.44      $ 0.24   
  

 

 

   

 

 

 

 

(1) 

There were zero and 60,000 average anti-dilutive operating company units outstanding for the three months ended March 31, 2013 and 2012, respectively.