Earnings per Share and Unit (Tables)

6 Months Ended

Jun. 30, 2017

Parent Company [Member]

Schedule of earnings per share

The following summarizes the calculation of basic and diluted earnings per share:

	Three months ended June 30,			Six months ended June 30,
(in thousands, except per share data)	2017		2016	2017		2016
Numerator:
Income from operations attributable to common stockholders - basic	$	48,368	34,810	$	15,144	82,687
Income from operations attributable to common stockholders - diluted	$	48,368	34,810	$	15,144	82,687
Denominator:
Weighted average common shares outstanding for basic EPS	170,088		97,657	148,610		97,588
Weighted average common shares outstanding for diluted EPS (1)	170,420		98,218	148,930		98,075
Income per common share – basic	$	0.28	0.36	$	0.10	0.85
Income per common share – diluted	$	0.28	0.35	$	0.10	0.84
(1)  Includes the dilutive impact of unvested restricted stock and shares issuable under the forward equity offering using the treasury stock method.

Partnership Interest [Member]

Schedule of earnings per share

The following summarizes the calculation of basic and diluted earnings per unit:

	Three months ended June 30,			Six months ended June 30,
(in thousands, except per share data)	2017		2016	2017		2016
Numerator:
Income from operations attributable to common unit holders - basic	$	48,472	34,874	$	15,229	82,837
Income from operations attributable to common unit holders - diluted	$	48,472	34,874	$	15,229	82,837
Denominator:
Weighted average common units outstanding for basic EPU	170,410		97,811	148,849		97,742
Weighted average common units outstanding for diluted EPU (1)	170,742		98,372	149,169		98,229
Income per common unit – basic	$	0.28	0.36	$	0.10	0.85
Income per common unit – diluted	$	0.28	0.35	$	0.10	0.84
(1)  Includes the dilutive impact of unvested restricted stock and the forward equity offering using the treasury stock method.