Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of Antidilutive Shares Excluded from Computation of Earnings Per Share

The following table presents the number of Preferred Operating Partnership units, and the potential common shares, that were excluded from the computation of earnings per share as their effect would have been anti-dilutive.


	For the Three Months Ended June 30,			For the Six Months Ended June 30,
	2020	2019	2020	2019
	Equivalent Shares (if converted)	Equivalent Shares (if converted)	Equivalent Shares (if converted)	Equivalent Shares (if converted)
Common OP Units	5,876,356	—	5,898,029	—
Series A Units (Variable Only)	875,480	—	875,480	—
Series B Units	450,803	398,840	425,446	416,398

Series D Units	1,282,322	1,109,048	1,214,732	1,096,259
	8,484,961	1,507,888	8,413,687	1,512,657

Schedule of Computation of Earnings Per Common Share

The computation of earnings per common share is as follows for the periods presented:


	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2020		2019		2020		2019
Net income attributable to common stockholders	$	102,911	$	104,828	$	211,090	$	199,598
Earnings and dividends allocated to participating securities	(173)		(176)		(336)		(343)
Earnings for basic computations	102,738		104,652		210,754		199,255
Earnings and dividends allocated to participating securities	—		176		—		—
Income allocated to noncontrolling interest - Preferred Operating Partnership Units and Operating Partnership Units	—		6,010		—		11,439
Fixed component of income allocated to noncontrolling interest - Preferred Operating Partnership (Series A Units)	—		(572)		—		(1,144)
Net income for diluted computations	$	102,738	$	110,266	$	210,754	$	209,550

Weighted average common shares outstanding:
Average number of common shares outstanding - basic	128,932,152		127,585,436		129,110,131		127,349,299
OP Units	—		6,085,976		—		6,023,822
Series A Units	—		875,480		—		875,480


Unvested restricted stock awards included for treasury stock method	—		218,686		—		—
Shares related to exchangeable senior notes and dilutive stock options	150,316		889,183		175,544		917,855
Average number of common shares outstanding - diluted	129,082,468		135,654,761		129,285,675		135,166,456
Earnings per common share
Basic	$	0.80	$	0.82	$	1.63	$	1.56
Diluted	$	0.80	$	0.81	$	1.63	$	1.55