Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

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 March 31,
	2022	2021
	Equivalent Shares (if converted)	Equivalent Shares (if converted)
Series B Units	182,974	337,839
Series D Units	1,033,222	—
	1,216,196	337,839

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 March 31,
	2022		2021
Net income attributable to common stockholders	$	203,579	$	202,998
Earnings and dividends allocated to participating securities	(286)		(312)
Earnings for basic computations	203,293		202,686
Income allocated to noncontrolling interest - Preferred Operating Partnership Units and Operating Partnership Units	11,693		11,894
Fixed component of income allocated to noncontrolling interest - Preferred Operating Partnership (Series A Units)	(572)		(572)
Net income for diluted computations	$	214,414	$	214,008
Weighted average common shares outstanding:
Average number of common shares outstanding - basic	134,180,175		132,007,556
OP Units	6,520,781		5,800,729
Series A Units	875,480		875,480
Series D Units	—		969,374
Shares related to dilutive stock options	5,426		23,409
Average number of common shares outstanding - diluted	141,581,862		139,676,548
Earnings per common share
Basic	$	1.52	$	1.54
Diluted	$	1.51	$	1.53