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Earnings per Share and Unit (Tables)
6 Months Ended
Jun. 30, 2026
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)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to common shareholders - basic

 

$

112,351

 

 

 

102,608

 

 

$

237,487

 

 

 

208,782

 

Net income attributable to common shareholders - diluted

 

$

112,351

 

 

 

102,608

 

 

$

237,487

 

 

 

208,782

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding for basic EPS

 

 

183,108

 

 

 

181,543

 

 

 

183,053

 

 

 

181,497

 

Weighted average common shares outstanding for diluted EPS (1)

 

 

183,351

 

 

 

181,955

 

 

 

183,309

 

 

 

181,877

 

Net income per common share – basic

 

$

0.61

 

 

 

0.57

 

 

$

1.30

 

 

 

1.15

 

Net income per common share – diluted

 

$

0.61

 

 

 

0.56

 

 

$

1.30

 

 

 

1.15

 

(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)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to common unit holders - basic

 

$

114,711

 

 

 

103,194

 

 

$

242,464

 

 

 

210,010

 

Net income attributable to common unit holders - diluted

 

$

114,711

 

 

 

103,194

 

 

$

242,464

 

 

 

210,010

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common units outstanding for basic EPU

 

 

186,946

 

 

 

182,611

 

 

 

186,891

 

 

 

182,586

 

Weighted average common units outstanding for diluted EPU (1)

 

 

187,190

 

 

 

183,023

 

 

 

187,147

 

 

 

182,966

 

Net income per common unit – basic

 

$

0.61

 

 

 

0.57

 

 

$

1.30

 

 

 

1.15

 

Net income per common unit – diluted

 

$

0.61

 

 

 

0.56

 

 

$

1.30

 

 

 

1.15

 

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