Earnings Per Common Share

6 Months Ended

Jun. 30, 2020

The following table sets forth the computation of basic and diluted earnings per share of common stock, as adjusted for the stock split, for the quarters and six months ended June 30, 2020 and 2019:


	Quarters Ended June 30,						Six Months Ended June 30,
(amounts in thousands, except per share data)	2020		2019		2020		2019
Numerators:
Net income available for Common Stockholders – Basic	$	46,187	$	46,401	$	113,062	$	159,710
Amounts allocated to dilutive securities	2,658		2,676		6,507		9,902
Net income available for Common Stockholders – Fully Diluted	$	48,845	$	49,077	$	119,569	$	169,612
Denominators:
Weighted average Common Shares outstanding – Basic	181,833		180,312		181,781		179,938
Effect of dilutive securities:
Exchange of Common OP Units for Common Shares	10,482		11,286		10,486		11,382
Stock options and restricted stock	227		262		271		226
Weighted average Common Shares outstanding – Fully Diluted	192,542		191,860		192,538		191,546

Earnings per Common Share – Basic	$	0.25	$	0.26	$	0.62	$	0.89

Earnings per Common Share – Fully Diluted	$	0.25	$	0.26	$	0.62	$	0.89