Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2022

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,
	2022	2021	2022	2021
	Equivalent Shares (if converted)	Equivalent Shares (if converted)	Equivalent Shares (if converted)	Equivalent Shares (if converted)


Series B Units	183,807	273,027	183,342	301,483
Series D Units	—	783,406	1,074,933	—
	183,807	1,056,433	1,258,275	301,483

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,
	2022		2021		2022		2021
Net income attributable to common stockholders	$	232,130	$	167,948	$	435,709	$	370,946
Earnings and dividends allocated to participating securities	(313)		(232)		(601)		(541)
Earnings for basic computations	231,817		167,716		435,108		370,405

Income allocated to noncontrolling interest - Preferred Operating Partnership Units and Operating Partnership Units	15,201		8,833		24,978		21,889
Fixed component of income allocated to noncontrolling interest - Preferred Operating Partnership (Series A Units)	(572)		(572)		(1,144)		(1,144)
Net income for diluted computations	$	246,446	$	175,977	$	458,942	$	391,150

Weighted average common shares outstanding:
Average number of common shares outstanding - basic	134,192,540		133,756,610		134,186,426		132,886,933
OP Units	6,545,104		5,767,460		6,533,010		5,784,003
Series A Units	875,480		875,480		875,480		875,480

Series D Units	1,119,641		—		—		865,056

Shares related to dilutive stock options	5,144		7,645		5,290		17,086
Average number of common shares outstanding - diluted	142,737,909		140,407,195		141,600,206		140,428,558
Earnings per common share
Basic	$	1.73	$	1.25	$	3.24	$	2.79
Diluted	$	1.73	$	1.25	$	3.24	$	2.79