Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of Calculation of Numerator and Denominator in Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share of common stock (“Common Share”) for the quarters and nine months ended September 30, 2023 and 2022:


	Quarters Ended September 30,				Nine Months Ended September 30,
(amounts in thousands, except per share data)	2023		2022		2023		2022
Numerators:
Net income available for Common Stockholders – Basic	$	76,969	$	67,163	$	222,260	$	211,578
Amounts allocated to non controlling interest (dilutive securities)	3,772		3,346		10,981		10,563
Net income available for Common Stockholders – Fully Diluted	$	80,741	$	70,509	$	233,241	$	222,141
Denominators:
Weighted average Common Shares outstanding – Basic	186,100		185,814		186,008		185,758
Effect of dilutive securities:
Exchange of Common OP Units for Common Shares	9,235		9,288		9,246		9,295
Stock options and restricted stock	105		167		160		195
Weighted average Common Shares outstanding – Fully Diluted	195,440		195,269		195,414		195,248

Earnings per Common Share – Basic	$	0.41	$	0.36	$	1.19	$	1.14

Earnings per Common Share – Fully Diluted	$	0.41	$	0.36	$	1.19	$	1.14