Earnings Per Common Share

12 Months Ended

Dec. 31, 2021

Basic and fully diluted earnings per share are based on the weighted average shares outstanding during each year. The following table sets forth the computation of basic and diluted earnings per share of common stock (Common Share), as adjusted for the stock split, for the years ended December 31, 2021, 2020 and 2019:


	Years Ended December 31,
(amounts in thousands, except per share data)	2021		2020		2019
Numerators:
Net income available to Common Stockholders—Basic	$	262,462	$	228,268	$	279,123
Amounts allocated to dilutive securities	13,522		13,132		16,783
Net income available to Common Stockholders—Fully Diluted	$	275,984	$	241,400	$	295,906
Denominator:
Weighted average Common Shares outstanding—Basic	182,917		181,828		180,805
Effect of dilutive securities:
Exchange of Common OP Units for Common Shares	9,739		10,484		10,934
Stock options and restricted stock	227		243		256
Weighted average Common Shares outstanding—Fully Diluted	192,883		192,555		191,995


Earnings per Common Share—Basic:	$	1.43	$	1.26	$	1.54

Earnings per Common Share—Fully Diluted:	$	1.43	$	1.25	$	1.54