Earnings Per Common Share (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Calculation of Numerator and Denominator in Earnings Per Share

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, 2023, 2022 and 2021:


	Years Ended December 31,
(amounts in thousands, except per share data)	2023		2022		2021
Numerators:
Net income available to Common Stockholders—Basic	$	314,191	$	284,611	$	262,462
Amounts allocated to dilutive securities	15,470		14,198		13,522
Net income available to Common Stockholders—Fully Diluted	$	329,661	$	298,809	$	275,984
Denominator:
Weighted average Common Shares outstanding—Basic	186,061		185,780		182,917
Effect of dilutive securities:
Exchange of Common OP Units for Common Shares	9,217		9,289		9,739
Stock options and restricted stock	151		186		227
Weighted average Common Shares outstanding—Fully Diluted	195,429		195,255		192,883


Earnings per Common Share—Basic:	$	1.69	$	1.53	$	1.43

Earnings per Common Share—Fully Diluted:	$	1.69	$	1.53	$	1.43