Earnings Per Common Share

3 Months Ended

Mar. 31, 2023

The following table sets forth the computation of basic and diluted earnings per share of common stock (Common Share) for the quarters ended March 31, 2023 and 2022:


	Quarters Ended March 31,
(amounts in thousands, except per share data)	2023		2022
Numerators:
Net income available for Common Stockholders – Basic	$	82,371	$	82,906
Amounts allocated to non controlling interest (dilutive securities)	4,088		4,144
Net income available for Common Stockholders – Fully Diluted	$	86,459	$	87,050
Denominators:
Weighted average Common Shares outstanding – Basic	185,900		185,690
Effect of dilutive securities:
Exchange of Common OP Units for Common Shares	9,262		9,301
Stock options and restricted stock	207		255
Weighted average Common Shares outstanding – Fully Diluted	195,369		195,246

Earnings per Common Share – Basic	$	0.44	$	0.45

Earnings per Common Share – Fully Diluted	$	0.44	$	0.45