Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2021

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Numerator for basic earnings per share - net income (loss) attributable to common stockholders	$	179,663	$	325,585	$	277,466	$	815,115


Adjustment for net income (loss) attributable to OP units	(473)		(1,716)		(2,699)		(4,470)
Numerator for diluted earnings per share	$	179,190	$	323,869	$	274,767	$	810,645

Denominator for basic earnings per share - weighted average shares	428,031		417,027		420,955		414,822
Effect of dilutive securities:

Non-vested restricted shares	537		542		465		620
Redeemable OP units	1,396		1,396		1,396		1,396
Employee stock purchase program	19		22		19		22
Dilutive potential common shares	1,952		1,960		1,880		2,038
Denominator for diluted earnings per share - adjusted weighted average shares	429,983		418,987		422,835		416,860

Basic earnings per share	$	0.42	$	0.78	$	0.66	$	1.96
Diluted earnings per share	$	0.42	$	0.77	$	0.65	$	1.94