Earnings per Share and Unit (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of earnings per share

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

	Three months ended March 31,
(in thousands, except per share data)	2024		2023
Numerator:
Net income attributable to common shareholders - basic	$	106,361		97,281
Net income attributable to common shareholders - diluted	$	106,361		97,281
Denominator:
Weighted average common shares outstanding for basic EPS		184,678		171,212
Weighted average common shares outstanding for diluted EPS (1)		184,770		171,494
Net income per common share – basic	$	0.58		0.57
Net income per common share – diluted	$	0.58		0.57

(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 March 31,
(in thousands, except per unit data)	2024		2023
Numerator:
Net income attributable to common unit holders - basic	$	107,003		97,701
Net income attributable to common unit holders - diluted	$	107,003		97,701
Denominator:
Weighted average common units outstanding for basic EPU		185,779		171,953
Weighted average common units outstanding for diluted EPU (1)		185,872		172,235
Net income per common unit – basic	$	0.58		0.57
Net income per common unit – diluted	$	0.58		0.57

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