Earnings Per Common Share

9 Months Ended

Sep. 30, 2022

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


	Quarters Ended September 30,				Nine Months Ended September 30,
(amounts in thousands, except per share data)	2022		2021		2022		2021
Numerators:
Net income available for Common Stockholders – Basic	$	67,163	$	70,625	$	211,578	$	196,916
Amounts allocated to non controlling interest (dilutive securities)	3,346		3,468		10,563		10,236
Net income available for Common Stockholders – Fully Diluted	$	70,509	$	74,093	$	222,141	$	207,152
Denominators:
Weighted average Common Shares outstanding – Basic	185,814		183,469		185,758		182,590
Effect of dilutive securities:
Exchange of Common OP Units for Common Shares	9,288		9,056		9,295		9,888
Stock options and restricted stock	167		211		195		211
Weighted average Common Shares outstanding – Fully Diluted	195,269		192,736		195,248		192,689

Earnings per Common Share – Basic	$	0.36	$	0.38	$	1.14	$	1.08

Earnings per Common Share – Fully Diluted	$	0.36	$	0.38	$	1.14	$	1.08