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Earnings Per OP Unit of MAALP (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Diluted Earnings per Common Unit

For the three months ended March 31, 2025 and 2024, MAALP’s diluted earnings per common unit was computed using the treasury stock method as presented below (dollars and units in thousands, except per unit amounts):


	Three months ended March 31,
	2025			2024
Calculation of Earnings per common unit - basic
Net income	$	186,406		$	147,610
Unvested restricted units (allocation of earnings)		(96	)		(62	)
Distributions to MAALP Series I preferred unitholders		(922	)		(922	)
Net income available for MAALP common unitholders, adjusted	$	185,388		$	146,626

Weighted average common units - basic		119,913			119,806
Earnings per common unit - basic	$	1.55		$	1.22

Calculation of Earnings per common unit - diluted
Net income	$	186,406		$	147,610
Distributions to MAALP Series I preferred unitholders		(922	)		(922	)
Net income available for MAALP common unitholders, adjusted	$	185,484		$	146,688

Weighted average common units - basic		119,913			119,806
Effect of dilutive securities		252			112
Weighted average common units - diluted		120,165			119,918
Earnings per common unit - diluted	$	1.54		$	1.22