Earnings per Share and Unit (Tables)

3 Months Ended

Mar. 31, 2025

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)	2025		2024
Numerator:
Net income attributable to common shareholders - basic	$	106,174		106,361
Net income attributable to common shareholders - diluted	$	106,174		106,361
Denominator:
Weighted average common shares outstanding for basic EPS		181,449		184,678
Weighted average common shares outstanding for diluted EPS (1)		181,813		184,770
Net income per common share – basic	$	0.59		0.58
Net income per common share – diluted	$	0.58		0.58

(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 unit data)	2025		2024
Numerator:
Net income attributable to common unit holders - basic	$	106,816		107,003
Net income attributable to common unit holders - diluted	$	106,816		107,003
Denominator:
Weighted average common units outstanding for basic EPU		182,546		185,779
Weighted average common units outstanding for diluted EPU (1)		182,910		185,872
Net income per common unit – basic	$	0.59		0.58
Net income per common unit – diluted	$	0.58		0.58

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