Earnings Per Common Share

6 Months Ended

Jun. 30, 2022

The following table sets forth the computation of basic and diluted earnings per share of common stock for the quarters and six months ended June 30, 2022 and 2021:


	Quarters Ended June 30,				Six Months Ended June 30,
(amounts in thousands, except per share data)	2022		2021		2022		2021
Numerators:
Net income available for Common Stockholders – Basic	$	61,509	$	61,051	$	144,415	$	126,291
Amounts allocated to non controlling interest (dilutive securities)	3,073		3,021		7,217		6,768
Net income available for Common Stockholders – Fully Diluted	$	64,582	$	64,072	$	151,632	$	133,059
Denominators:
Weighted average Common Shares outstanding – Basic	185,767		182,337		185,729		182,142
Effect of dilutive securities:
Exchange of Common OP Units for Common Shares	9,297		10,153		9,299		10,312
Stock options and restricted stock	163		211		225		214
Weighted average Common Shares outstanding – Fully Diluted	195,227		192,701		195,253		192,668

Earnings per Common Share – Basic	$	0.33	$	0.33	$	0.78	$	0.69

Earnings per Common Share – Fully Diluted	$	0.33	$	0.33	$	0.78	$	0.69