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Earnings Per Share and Per Unit
 12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Earnings Per Share and Per Unit Earnings Per Share and Per Unit
The following table sets forth the computation of basic and diluted earnings per share of the Company:

Year Ended December 31,
202120202019
Earnings per Common Share - basic:
Numerator:
Net income$323,310 $357,914 $141,683 
Net (income) attributable to noncontrolling interests in the Operating Partnership(8,321)(9,338)(3,551)
Net (income) attributable to noncontrolling interests in consolidated affiliates(1,712)(1,174)(1,214)
Dividends on Preferred Stock(2,486)(2,488)(2,488)
Net income available for common stockholders$310,791 $344,914 $134,430 
Denominator:
Denominator for basic earnings per Common Share – weighted average shares (1)
104,232 103,876 103,692 
Net income available for common stockholders$2.98 $3.32 $1.30 
Earnings per Common Share - diluted:
Numerator:
Net income$323,310 $357,914 $141,683 
Net (income) attributable to noncontrolling interests in consolidated affiliates(1,712)(1,174)(1,214)
Dividends on Preferred Stock(2,486)(2,488)(2,488)
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership$319,112 $354,252 $137,981 
Denominator:
Denominator for basic earnings per Common Share – weighted average shares (1)
104,232 103,876 103,692 
Add:
Stock options using the treasury method18 8 22 
Noncontrolling interests Common Units2,811 2,830 2,731 
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions107,061 106,714 106,445 
Net income available for common stockholders$2.98 $3.32 $1.30 
__________
(1)Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable.
The following table sets forth the computation of basic and diluted earnings per unit of the Operating Partnership:

Year Ended December 31,
202120202019
Earnings per Common Unit - basic:
Numerator:
Net income$323,310 $357,914 $141,683 
Net (income) attributable to noncontrolling interests in consolidated affiliates(1,712)(1,174)(1,214)
Distributions on Preferred Units(2,486)(2,488)(2,488)
Net income available for common unitholders$319,112 $354,252 $137,981 
Denominator:
Denominator for basic earnings per Common Unit – weighted average units (1)
106,634 106,297 106,014 
Net income available for common unitholders$2.99 $3.33 $1.30 
Earnings per Common Unit - diluted:
Numerator:
Net income$323,310 $357,914 $141,683 
Net (income) attributable to noncontrolling interests in consolidated affiliates(1,712)(1,174)(1,214)
Distributions on Preferred Units(2,486)(2,488)(2,488)
Net income available for common unitholders$319,112 $354,252 $137,981 
Denominator:
Denominator for basic earnings per Common Unit – weighted average units (1)
106,634 106,297 106,014 
Add:
Stock options using the treasury method18 8 22 
Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions106,652 106,305 106,036 
Net income available for common unitholders$2.99 $3.33 $1.30 
__________
(1)Includes all unvested restricted stock where distributions on such restricted stock are non-forfeitable.