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Earnings Per Share and Per Unit
6 Months Ended
Jun. 30, 2023
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:

Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
Earnings per Common Share - basic:
Numerator:
Net income$43,870 $52,602 $88,824 $94,705 
Net (income) attributable to noncontrolling interests in the Operating Partnership
(947)(1,203)(1,933)(2,168)
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates (4)(266)483 (523)
Dividends on Preferred Stock(621)(622)(1,242)(1,243)
Net income available for common stockholders$42,298 $50,511 $86,132 $90,771 
Denominator:
Denominator for basic earnings per Common Share – weighted average shares (1)
105,457 105,163 105,373 105,049 
Net income available for common stockholders$0.40 $0.48 $0.82 $0.86 
Earnings per Common Share - diluted:
Numerator:
Net income$43,870 $52,602 $88,824 $94,705 
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates(4)(266)483 (523)
Dividends on Preferred Stock(621)(622)(1,242)(1,243)
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership
$43,245 $51,714 $88,065 $92,939 
Denominator:
Denominator for basic earnings per Common Share – weighted average shares (1)
105,457 105,163 105,373 105,049 
Add:
Stock options using the treasury method— — 10 
Noncontrolling interests Common Units2,351 2,486 2,355 2,495 
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions
107,808 107,654 107,728 107,554 
Net income available for common stockholders$0.40 $0.48 $0.82 $0.86 
__________
(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:

Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
Earnings per Common Unit - basic:
Numerator:
Net income$43,870 $52,602 $88,824 $94,705 
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates(4)(266)483 (523)
Distributions on Preferred Units(621)(622)(1,242)(1,243)
Net income available for common unitholders$43,245 $51,714 $88,065 $92,939 
Denominator:
Denominator for basic earnings per Common Unit – weighted average units (1)
107,399 107,240 107,319 107,135 
Net income available for common unitholders$0.40 $0.48 $0.82 $0.87 
Earnings per Common Unit - diluted:
Numerator:
Net income$43,870 $52,602 $88,824 $94,705 
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates(4)(266)483 (523)
Distributions on Preferred Units(621)(622)(1,242)(1,243)
Net income available for common unitholders$43,245 $51,714 $88,065 $92,939 
Denominator:
Denominator for basic earnings per Common Unit – weighted average units (1)
107,399 107,240 107,319 107,135 
Add:
Stock options using the treasury method— — 10 
Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions
107,399 107,245 107,319 107,145 
Net income available for common unitholders$0.40 $0.48 $0.82 $0.87 
__________
(1)Includes all unvested restricted stock where distributions on such restricted stock are non-forfeitable
.