Earnings Per Common Share (Tables)

12 Months Ended

Dec. 31, 2024

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, 2024, 2023 and 2022:


	Years Ended December 31,
(amounts in thousands, except per share data)	2024		2023		2022
Numerators:
Net income available to Common Stockholders—Basic	$	366,998	$	314,191	$	284,611
Amounts allocated to dilutive securities	17,804		15,470		14,198
Net income available to Common Stockholders—Fully Diluted	$	384,802	$	329,661	$	298,809
Denominator:
Weighted average Common Shares outstanding—Basic	187,439		186,061		185,780
Effect of dilutive securities:
Exchange of Common OP Units for Common Shares	9,105		9,217		9,289
Stock options and restricted stock	92		151		186
Weighted average Common Shares outstanding—Fully Diluted	196,636		195,429		195,255


Earnings per Common Share—Basic:	$	1.96	$	1.69	$	1.53

Earnings per Common Share—Fully Diluted:	$	1.96	$	1.69	$	1.53