Earnings per Share and Unit (Tables)

6 Months Ended

Jun. 30, 2024

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)	2024		2023		2024		2023
Numerator:
Net income attributable to common shareholders - basic	$	99,255		86,782	$	205,616		184,063
Net income attributable to common shareholders - diluted	$	99,255		86,782	$	205,616		184,063
Denominator:
Weighted average common shares outstanding for basic EPS		183,703		170,990		184,188		171,100
Weighted average common shares outstanding for diluted EPS (1)		183,868		171,275		184,332		171,369
Net income per common share – basic	$	0.54		0.51	$	1.12		1.08
Net income per common share – diluted	$	0.54		0.51	$	1.12		1.07

(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 June 30,				Six months ended June 30,
(in thousands, except per unit data)	2024		2023		2024		2023
Numerator:
Net income attributable to common unit holders - basic	$	99,856		87,332	$	206,859		185,033
Net income attributable to common unit holders - diluted	$	99,856		87,332	$	206,859		185,033
Denominator:
Weighted average common units outstanding for basic EPU		184,803		171,891		185,288		171,922
Weighted average common units outstanding for diluted EPU (1)		184,968		172,176		185,433		172,192
Net income per common unit – basic	$	0.54		0.51	$	1.12		1.08
Net income per common unit – diluted	$	0.54		0.51	$	1.12		1.07

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