Net Income per Common Share

9 Months Ended

Sep. 30, 2023

Net Income per Common ShareBasic 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 (shares in thousands):


	Three months ended September 30,		Nine months ended September 30,
		2023	2022	2023	2022
Weighted average shares used for the basic net income per share computation		709,165	617,512	681,419	604,464
Incremental shares from share-based compensation		378	355	360	342
Dilutive effect of forward ATM offerings		—	90	350	30
Weighted average shares used for diluted net income per share computation		709,543	617,957	682,129	604,836
Unvested shares from share-based compensation that were anti-dilutive		309	68	243	37
Weighted average partnership common units convertible to common shares that were anti-dilutive		1,795	1,244	1,795	1,123
Weighted average forward ATM offerings that were anti-dilutive		535	563	460	188