Earnings Per Common Share

6 Months Ended

Jun. 30, 2024

The following table sets forth the computation of basic and diluted earnings per share of common stock (“Common Share”) for the quarters and six months ended June 30, 2024 and 2023:


	Quarters Ended June 30,				Six Months Ended June 30,
(amounts in thousands, except per share data)	2024		2023		2024		2023
Numerators:
Net income available for Common Stockholders – Basic	$	78,297	$	62,920	$	188,202	$	145,291
Amounts allocated to non controlling interest (dilutive securities)	3,822		3,121		9,188		7,209
Net income available for Common Stockholders – Fully Diluted	$	82,119	$	66,041	$	197,390	$	152,500
Denominators:
Weighted average Common Shares outstanding – Basic	186,318		186,023		186,303		185,962
Effect of dilutive securities:
Exchange of Common OP Units for Common Shares	9,105		9,240		9,105		9,251
Stock options and restricted stock	42		167		97		175
Weighted average Common Shares outstanding and OP Units – Fully Diluted	195,465		195,430		195,505		195,388

Earnings per Common Share – Basic	$	0.42	$	0.34	$	1.01	$	0.78

Earnings per Common Share – Fully Diluted	$	0.42	$	0.34	$	1.01	$	0.78