BRE PROPERTIES INC /MD/ - FORM 10-Q - EX-11 - STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS - November 4, 2011

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EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 906 - BRE PROPERTIES INC /MD/d235269dex322.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 - BRE PROPERTIES INC /MD/d235269dex312.htm
EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 906 - BRE PROPERTIES INC /MD/d235269dex321.htm
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - BRE PROPERTIES INC /MD/d235269dex311.htm
EXCEL - IDEA: XBRL DOCUMENT - BRE PROPERTIES INC /MD/Financial_Report.xls
10-Q - FORM 10-Q - BRE PROPERTIES INC /MD/d235269d10q.htm
EX-12 - STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES - BRE PROPERTIES INC /MD/d235269dex12.htm

Exhibit 11

STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS

(Amounts in thousands except, per share data)

 

     For the Three Months ended September 30,  
         2011             2010      

Numerator:

     

Income from continuing operations

    $ 18,696      $ 7,858   

Income from discontinued operations

      —          15,065   

Preferred stock issuance cost, net of discount on repurchase

      (155 )      —     

Preferred stock dividend

      (1,138 )      (2,953 ) 

Redeemable noncontrolling interests in income

     (332 )      (365 ) 
  

 

 

    

 

 

  

Net income available to common shareholders

    $ 17,071      $ 19,605   
  

 

 

    

 

 

  

Denominator:

     

Denominator for basic earnings per share—weighted average shares

      74,965        64,050   

Dilutive effect of stock based awards

      425        380   
  

 

 

    

 

 

  

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

      75,390        64,430   
  

 

 

    

 

 

  

Basic earnings per share from continuing operations

    $ 0.23      $ 0.07   

Basic earnings per share from discontinued operations

      0.00        0.23   
  

 

 

    

 

 

  

Basic earnings per share

    $ 0.23      $ 0.30   
  

 

 

    

 

 

  

Diluted earnings per share from continuing operations

    $ 0.23      $ 0.07   

Diluted earnings per share from discontinued operations

      0.00        0.23   
  

 

 

    

 

 

  

Diluted earnings per share

    $ 0.23      $ 0.30   
  

 

 

    

 

 

  

 

(1) There were 610,000 and 640,000 average anti-dilutive operating company units outstanding for the quarters ending September 30, 2011 and 2010, respectively. These units may become dilutive in future periods.

STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS

(Amounts in thousands except, per share data)

 

     For the Nine Months ended September 30,  
         2011             2010      

Numerator:

     

Income from continuing operations

    $ 44,404      $ 21,899   

Income from discontinued operations

      —          29,501   

Preferred stock issuance cost, net of discount on repurchase

      (3,771 )      —     

Preferred stock dividend

      (6,744 )      (8,859 ) 

Redeemable noncontrolling interests in income

     (1,003 )      (1,111 ) 
  

 

 

    

 

 

  

Net income available to common shareholders

    $ 32,886      $ 41,430   
  

 

 

    

 

 

  

Denominator:

     

Denominator for basic earnings per share—weighted average shares

      69,950        60,510   

Dilutive effect of stock based awards

      450        430   
  

 

 

    

 

 

  

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

      70,400        60,940   
  

 

 

    

 

 

  

Basic earnings per share from continuing operations

    $ 0.47      $ 0.20   

Basic earnings per share from discontinued operations

      0.00        0.48   
  

 

 

    

 

 

  

Basic earnings per share

    $ 0.47      $ 0.68   
  

 

 

    

 

 

  

Diluted earnings per share from continuing operations

    $ 0.47      $ 0.20   

Diluted earnings per share from discontinued operations

      0.00        0.48   
  

 

 

    

 

 

  

Diluted earnings per share

    $ 0.47      $ 0.68   
  

 

 

    

 

 

  

 

(1) There were 610,000 and 700,000 average anti-dilutive operating company units outstanding for the nine months ended September 30, 2011 and 2010, respectively. These units may become dilutive in future periods.

BRE PROPERTIES INC /MD/ Reports