Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 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 June 30,		For the Six Months Ended June 30,
	2023	2022	2023	2022
	Equivalent Shares (if converted)	Equivalent Shares (if converted)	Equivalent Shares (if converted)	Equivalent Shares (if converted)


Series B Units	223,118	183,807	218,259	183,342
Series D Units	—	—	—	1,074,933
	223,118	183,807	218,259	1,258,275

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,
	2023		2022		2023		2022
Net income attributable to common stockholders	$	202,410	$	232,130	$	398,714	$	435,709
Earnings and dividends allocated to participating securities	(323)		(313)		(627)		(601)
Earnings for basic computations	202,087		231,817		398,087		435,108
Earnings and dividends allocated to participating securities	323		—		627		—
Income allocated to noncontrolling interest - Preferred Operating Partnership Units and Operating Partnership Units	12,441		15,201		24,569		24,978
Fixed component of income allocated to noncontrolling interest - Preferred Operating Partnership (Series A Units)	—		(572)		—		(1,144)
Net income for diluted computations	$	214,851	$	246,446	$	423,283	$	458,942

Weighted average common shares outstanding:
Average number of common shares outstanding - basic	134,832,232		134,192,540		134,672,672		134,186,426
OP Units	7,214,649		6,545,104		7,214,649		6,533,010
Series A Units	—		875,480		—		875,480

Series D Units	1,257,366		1,119,641		1,233,178		—
Unvested restricted stock awards included for treasury stock method	221,380		—		212,723		—
Shares related to dilutive stock options	4,190		5,144		4,300		5,290
Average number of common shares outstanding - diluted	143,529,817		142,737,909		143,337,522		141,600,206
Earnings per common share
Basic	$	1.50	$	1.73	$	2.96	$	3.24
Diluted	$	1.50	$	1.73	$	2.95	$	3.24