Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Schedule of amounts used in computing basic and diluted earnings per share

The following table shows the amounts used in computing the Trust’s basic and diluted earnings per share (in thousands, except share and per share data):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Numerator for earnings per share - basic:
Net income	$	66,280	$	22,045	$	98,155	$	58,531
Net income attributable to noncontrolling interests:
Operating Partnership	(3,252)		(529)		(4,830)		(1,405)
Partially owned properties	(70)		(152)		(384)		(455)
Preferred distributions	—		—		—		(13)
Numerator for earnings per share - basic	$	62,958	$	21,364	$	92,941	$	56,658
Numerator for earnings per share - diluted:
Numerator for earnings per share - basic	$	62,958	$	21,364	$	92,941	$	56,658
Noncontrolling interest - Operating Partnership income	3,252		529		4,830		1,405
Numerator for earnings per share - diluted	$	66,210	$	21,893	$	97,771	$	58,063
Denominator for earnings per share - basic and diluted:
Weighted average number of shares outstanding - basic	226,529,041		217,406,657		225,743,856		214,616,482
Effect of dilutive securities:
Noncontrolling interest - Operating Partnership units	11,791,685		5,406,070		11,872,328		5,498,046
Restricted common shares	100,790		98,597		105,170		95,999
Restricted share units	1,476,946		1,080,725		1,424,029		1,189,122
Denominator for earnings per share - diluted:	239,898,462		223,992,049		239,145,383		221,399,649
Earnings per share - basic	$	0.28	$	0.10	$	0.41	$	0.26
Earnings per share - diluted	$	0.28	$	0.10	$	0.41	$	0.26