Earnings Per Common Share

9 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Earnings Per Common Share

Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share, as adjusted for the stock split, for the quarters and nine months ended September 30, 2019 and 2018:

	Quarters Ended September 30,				Nine Months Ended September 30,
(amounts in thousands, except per share data)	2019		2018		2019		2018
Numerator:
Net income available for Common Stockholders – Basic	$	64,461	$	56,070	$	224,171	$	162,429
Amounts allocated to dilutive securities	3,715		3,590		13,617		10,569
Net income available for Common Stockholders – Fully Diluted	$	68,176	$	59,660	$	237,788	$	172,998
Denominator:
Weighted average Common Shares outstanding – Basic	181,649		178,400		180,515		177,520
Effect of dilutive securities:
Exchange of Common OP Units for Common Shares	10,496		11,542		11,084		11,618
Restricted stock and stock options	255		584		241		516
Weighted average Common Shares outstanding – Fully Diluted	192,400		190,526		191,840		189,654
Earnings per Common Share – Basic	$	0.35	$	0.31	$	1.24	$	0.91
Earnings per Common Share – Fully Diluted	$	0.35	$	0.31	$	1.24	$	0.91