Earnings Per Share and Earnings Per Unit (Tables)

3 Months Ended

Mar. 31, 2022

Schedule of Weighted Average Earnings Per Share

The following tables reconcile the weighted-average shares of common stock outstanding used in the calculation of basic earnings per share to the weighted-average shares of common stock outstanding used in the calculation of diluted earnings per share:


	Three Months Ended March 31,
(In thousands)	2022	2021
Determination of shares:
Weighted-average shares of common stock outstanding	684,341	536,481
Assumed conversion of restricted stock	581	924
Assumed settlement of forward sale agreements	2,993	7,397
Diluted weighted-average shares of common stock outstanding	687,915	544,802


	Three Months Ended March 31,
(In thousands, except per share data)	2022		2021
Basic:
Net income attributable to common stockholders	$	240,383	$	269,801
Weighted-average shares of common stock outstanding	684,341		536,481
Basic EPS	$	0.35	$	0.50

Diluted:
Net income attributable to common stockholders	$	240,383	$	269,801
Diluted weighted-average shares of common stock outstanding	687,915		544,802
Diluted EPS	$	0.35	$	0.50

The following tables reconcile the weighted-average units outstanding used in the calculation of basic earnings per share to the weighted-average units outstanding used in the calculation of diluted earnings per unit:


	Three Months Ended March 31,
(In thousands)	2022	2021
Determination of units:
Weighted-average units outstanding	684,341	536,481
Assumed conversion of VICI restricted stock	581	924
Assumed settlement of VICI forward sale agreements	2,993	7,397
Diluted weighted-average units outstanding	687,915	544,802


	Three Months Ended March 31,
(In thousands, except per share data)	2022		2021
Basic:
Net income attributable to partners	$	238,347	$	268,593
Weighted-average units outstanding	684,341		536,481
Basic EPU	$	0.35	$	0.50

Diluted:
Net income attributable to partners	$	238,347	$	268,593
Weighted-average units outstanding	687,915		544,802
Diluted EPU	$	0.35	$	0.49