Earnings Per Share

3 Months Ended

Mar. 31, 2022

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


	Three Months Ended March 31,
	2022		2021
Numerator for basic earnings per share - net income (loss) attributable to common stockholders	$	61,925	$	71,546


Adjustment for net income (loss) attributable to OP units	(145)		(1,353)
Numerator for diluted earnings per share	$	61,780	$	70,193

Denominator for basic earnings per share - weighted average shares	447,379		417,241
Effect of dilutive securities:
Employee stock options	31		—
Non-vested restricted shares	974		421
Redeemable OP units	1,396		1,396
Employee stock purchase program	22		21
Dilutive potential common shares	2,423		1,838
Denominator for diluted earnings per share - adjusted weighted average shares	449,802		419,079

Basic earnings per share	$	0.14	$	0.17
Diluted earnings per share	$	0.14	$	0.17

As of March 31, 2022, and March 31, 2021, outstanding forward sales agreements for the sale of 14,297,958 shares and 2,214,760 shares, respectively, were not included in the computation of diluted earnings per share because such forward sales were anti-dilutive for the periods.