EPS (Tables)

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The table below presents the calculation of basic and diluted EPS:

	Three Months Ended March 31,
	2020			2019
Numerator (In thousands):
Net income attributable to common stockholders	$	26,923		$	28,701
Allocation to participating securities: Unvested LTIP Units	(106		)	(126		)
Net income attributable to common stockholders - basic and diluted	$	26,817		$	28,575
Denominator (In thousands):
Weighted average shares of common stock outstanding - basic and diluted(1)	175,373			170,221
Net income per common share - basic and diluted	$	0.15		$	0.17

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(1) Outstanding OP Units and vested LTIP Units are not included in the denominator in calculating diluted EPS, even though they may be exchanged under certain conditions for common stock on a one-for-one basis, because their associated net income (equal on a per unit basis to the Net income per common share - diluted) was already deducted in calculating Net income attributable to common stockholders. Accordingly, any exchange would not have any effect on diluted EPS. The following table presents the OP Units and vested LTIP Units outstanding for the respective periods:

	Three Months Ended March 31,
(In thousands)	2020	2019
OP Units	28,295	26,340
Vested LTIP Units	799	1,835