Earnings per Share and Unit (Tables)

3 Months Ended

Mar. 31, 2023

Schedule of earnings per share

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

	Three months ended March 31,
(in thousands, except per share data)	2023		2022
Numerator:
Income attributable to common shareholders - basic	$	97,281		195,228
Income attributable to common shareholders - diluted	$	97,281		195,228
Denominator:
Weighted average common shares outstanding for basic EPS		171,212		171,312
Weighted average common shares outstanding for diluted EPS (1)		171,494		171,671
Income per common share – basic	$	0.57		1.14
Income per common share – diluted	$	0.57		1.14

(1)Includes the dilutive impact of unvested restricted stock.

Partnership Interest [Member]

Schedule of earnings per share

The following summarizes the calculation of basic and diluted earnings per unit ("EPU"):

	Three months ended March 31,
(in thousands, except per share data)	2023		2022
Numerator:
Income attributable to common unit holders - basic	$	97,701		196,091
Income attributable to common unit holders - diluted	$	97,701		196,091
Denominator:
Weighted average common units outstanding for basic EPU		171,953		172,072
Weighted average common units outstanding for diluted EPU (1)		172,235		172,431
Income per common unit – basic	$	0.57		1.14
Income per common unit – diluted	$	0.57		1.14

(1)Includes the dilutive impact of unvested restricted stock.