For the Year Ended December 31,

2021

2020

2019

Computation of Basic and Diluted Earnings Per Share:

Net income available to the Company's common shareholders

$

818,643

$

975,417

$

339,988

Change in estimated redemption value of redeemable noncontrolling interests

2,304

2,160

-

Earnings attributable to participating securities

(5,346

)

(6,347

)

(2,599

)

Net income available to the Company’s common shareholders for basic earnings per share

815,601

971,230

337,389

Distributions on convertible units

3,087

161

30

Net income available to the Company’s common shareholders for diluted earnings per share

$

818,688

$

971,391

$

337,419

Weighted average common shares outstanding – basic

506,248

429,950

420,370

Effect of dilutive securities (1):

Equity awards

2,422

1,475

1,365

Assumed conversion of convertible units

2,715

208

64

Weighted average common shares outstanding – diluted

511,385

431,633

421,799

Net income available to the Company's common shareholders:

Basic earnings per share

$

1.61

$

2.26

$

0.80

Diluted earnings per share

$

1.60

$

2.25

$

0.80