BENEFICIARIES' EQUITY OF THE PARENT COMPANY (Tables)

12 Months Ended

Dec. 31, 2020

Earnings Per Share (EPS), Basic and Diluted

The following table details the number of shares and net income used to calculate basic and diluted earnings per share (in thousands, except share and per share amounts; results may not add due to rounding):


	Year Ended December 31,
	2020				2019				2018
	Basic		Diluted		Basic		Diluted		Basic		Diluted
Numerator
Net income	$	307,326	$	307,326	$	34,529	$	34,529	$	135,472	$	135,472
Net income attributable to noncontrolling interests	(1,799)		(1,799)		(262)		(262)		(954)		(954)
Nonforfeitable dividends allocated to unvested restricted shareholders	(410)		(410)		(396)		(396)		(369)		(369)


Net income attributable to common shareholders	$	305,117	$	305,117	$	33,871	$	33,871	$	134,149	$	134,149
Denominator
Weighted-average shares outstanding	171,926,079		171,926,079		176,132,941		176,132,941		178,519,748		178,519,748
Contingent securities/Share based compensation	—		390,997		—		553,872		—		1,121,744
Weighted-average shares outstanding	171,926,079		172,317,076		176,132,941		176,686,813		178,519,748		179,641,492
Earnings per Common Share:
Net income attributable to common shareholders	$	1.77	$	1.77	$	0.19	$	0.19	$	0.75	$	0.75

The following table details the number of units and net income used to calculate basic and diluted earnings per common partnership unit (in thousands, except unit and per unit amounts; results may not add due to rounding):


	Year Ended December 31,
	2020				2019				2018
	Basic		Diluted		Basic		Diluted		Basic		Diluted
Numerator
Net income	$	307,326	$	307,326	$	34,529	$	34,529	$	135,472	$	135,472
Net income attributable to noncontrolling interests	(20)		(20)		(69)		(69)		(55)		(55)
Nonforfeitable dividends allocated to unvested restricted unitholders	(410)		(410)		(396)		(396)		(369)		(369)


Net income attributable to common unitholders	$	306,896	$	306,896	$	34,064	$	34,064	$	135,048	$	135,048
Denominator
Weighted-average units outstanding	172,907,713		172,907,713		177,114,932		177,114,932		179,959,370		179,959,370
Contingent securities/Share based compensation	—		390,997		—		553,872		—		1,121,744
Total weighted-average units outstanding	172,907,713		173,298,710		177,114,932		177,668,804		179,959,370		181,081,114
Earnings per Common Partnership Unit:
Net income attributable to common unitholders	$	1.77	$	1.77	$	0.19	$	0.19	$	0.75	$	0.75