Net Income per Common Share

3 Months Ended

Mar. 31, 2022

Basic net income per common share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during each period. Diluted net income per common share is computed by dividing net income available to common stockholders, plus income attributable to dilutive shares and convertible common units for the period, by the weighted average number of common shares that would have been outstanding assuming the issuance of common shares for all potentially dilutive common shares outstanding during the reporting period.

The following is a reconciliation of the denominator of the basic net income per common share computation to the denominator of the diluted net income per common share computation:


	Three months ended March 31,
	2022	2021
Weighted average shares used for the basic net income per share computation	593,827,299	371,522,607
Incremental shares from share-based compensation	214,540	79,294
Weighted average shares used for diluted net income per share computation	594,041,839	371,601,901
Unvested shares from share based compensation that were anti-dilutive	70,256	220,946
Weighted average partnership common units convertible to common shares that were anti-dilutive	1,060,709	463,119