Earnings Per Common Share

12 Months Ended

Dec. 31, 2022

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), for the years ended December 31, 2022, 2021 and 2020:


	Years Ended December 31,
(amounts in thousands, except per share data)	2022		2021		2020
Numerators:
Net income available to Common Stockholders—Basic	$	284,611	$	262,462	$	228,268
Amounts allocated to dilutive securities	14,198		13,522		13,132
Net income available to Common Stockholders—Fully Diluted	$	298,809	$	275,984	$	241,400
Denominator:
Weighted average Common Shares outstanding—Basic	185,780		182,917		181,828
Effect of dilutive securities:
Exchange of Common OP Units for Common Shares	9,289		9,739		10,484
Stock options and restricted stock	186		227		243
Weighted average Common Shares outstanding—Fully Diluted	195,255		192,883		192,555


Earnings per Common Share—Basic:	$	1.53	$	1.43	$	1.26

Earnings per Common Share—Fully Diluted:	$	1.53	$	1.43	$	1.25