Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2023

Schedule of Antidilutive Shares Excluded from Computation of Earnings Per Share

The following table presents the number of Preferred Operating Partnership units as if converted into 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,
	2023	2022
	Equivalent Shares (if converted)	Equivalent Shares (if converted)


Series B Units	213,606	182,974
Series D Units	—	1,033,222
	213,606	1,216,196

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,
	2023		2022
Net income attributable to common stockholders	$	196,304	$	203,579
Earnings and dividends allocated to participating securities	(304)		(286)
Earnings for basic computations	196,000		203,293

Income allocated to noncontrolling interest - Preferred Operating Partnership Units and Operating Partnership Units	12,128		11,693
Fixed component of income allocated to noncontrolling interest - Preferred Operating Partnership (Series A Units)	—		(572)
Net income for diluted computations	$	208,128	$	214,414

Weighted average common shares outstanding:
Average number of common shares outstanding - basic	134,511,273		134,180,175
OP Units	7,214,649		6,520,781
Series A Units	—		875,480

Series D Units	1,210,056		—

Shares related to dilutive stock options	4,406		5,426
Average number of common shares outstanding - diluted	142,940,384		141,581,862
Earnings per common share
Basic	$	1.46	$	1.52
Diluted	$	1.46	$	1.51