Earnings Per Common Share

3 Months Ended

Mar. 31, 2024

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, 2024 and 2023:


	Quarters Ended March 31,
(amounts in thousands, except per share data)	2024		2023
Numerators:
Net income available for Common Stockholders – Basic	$	109,905	$	82,371
Amounts allocated to non controlling interest (dilutive securities)	5,366		4,088
Net income available for Common Stockholders – Fully Diluted	$	115,271	$	86,459
Denominators:
Weighted average Common Shares outstanding – Basic	186,287		185,900
Effect of dilutive securities:
Exchange of Common OP Units for Common Shares	9,105		9,262
Stock options and restricted stock	153		207
Weighted average Common Shares outstanding – Fully Diluted	195,545		195,369

Earnings per Common Share – Basic	$	0.59	$	0.44

Earnings per Common Share – Fully Diluted	$	0.59	$	0.44