Earnings per Share and Unit (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of earnings per share

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

	Three months ended September 30,				Nine months ended September 30,
(in thousands, except per share data)	2025		2024		2025		2024
Numerator:
Net income attributable to common shareholders - basic	$	105,960		98,056	$	314,742		303,672
Net income attributable to common shareholders - diluted	$	105,960		98,056	$	314,742		303,672
Denominator:
Weighted average common shares outstanding for basic EPS		181,921		181,498		181,640		183,281
Weighted average common shares outstanding for diluted EPS (1)		182,346		181,772		181,996		183,448
Net income per common share – basic	$	0.58		0.54	$	1.73		1.66
Net income per common share – diluted	$	0.58		0.54	$	1.73		1.66

(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 September 30,				Nine months ended September 30,
(in thousands, except per unit data)	2025		2024		2025		2024
Numerator:
Net income attributable to common unit holders - basic	$	107,624		98,649	$	317,634		305,508
Net income attributable to common unit holders - diluted	$	107,624		98,649	$	317,634		305,508
Denominator:
Weighted average common units outstanding for basic EPU		185,068		182,597		183,425		184,381
Weighted average common units outstanding for diluted EPU (1)		185,494		182,872		183,781		184,548
Net income per common unit – basic	$	0.58		0.54	$	1.73		1.66
Net income per common unit – diluted	$	0.58		0.54	$	1.73		1.66

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