Earnings Per Common Share

3 Months Ended

Mar. 31, 2025

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, 2025 and 2024:


	Quarters Ended March 31,
(amounts in thousands, except per share data)	2025		2024
Numerators:
Net income available for Common Stockholders – Basic	$	109,192	$	109,905
Amounts allocated to non controlling interest (dilutive securities)	5,201		5,366
Net income available for Common Stockholders – Fully Diluted	$	114,393	$	115,271
Denominators:
Weighted average Common Shares outstanding – Basic	190,925		186,287
Effect of dilutive securities:
Exchange of Common OP Units for Common Shares	9,104		9,105
Stock options and restricted stock	45		153
Weighted average Common Shares outstanding and OP Units – Fully Diluted	200,074		195,545

Earnings per Common Share – Basic	$	0.57	$	0.59

Earnings per Common Share – Fully Diluted	$	0.57	$	0.59