XML 44 R33.htm IDEA: XBRL DOCUMENT v3.24.3
Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Antidilutive Shares Excluded from Computation of Earnings Per Share
The following table presents the number of Common and Preferred Operating Partnership units as if converted into potential common shares that were excluded from the computation of earnings per share as their effect would have been anti-dilutive.
For the Three Months Ended September 30,For the Nine Months Ended September 30,
2024202320242023
Equivalent Shares (if converted)Equivalent Shares (if converted)Equivalent Shares (if converted)Equivalent Shares (if converted)
Common OP Units— 8,541,775 — 7,661,885 
Series B Units198,887 250,061 218,529 228,029 
Series D Units934,585 1,409,198 1,111,927 1,287,256 
1,133,472 10,201,034 1,330,456 9,177,170 
Schedule of Computation of Earnings Per Common Share
The computation of earnings per common share is as follows for the periods presented:

For the Three Months Ended September 30,For the Nine Months Ended September 30,
2024202320242023
Net income attributable to common stockholders$193,210 $188,350 $592,194 $587,064 
Earnings and dividends allocated to participating securities(392)(304)(1,141)(931)
Earnings for basic computations192,818 188,046 591,053 586,133 
Income allocated to noncontrolling interest - Preferred Operating Partnership Units and Operating Partnership Units7,800 — 24,136 — 
Net income for diluted computations$200,618 $188,046 $615,189 $586,133 
Weighted average common shares outstanding:
Average number of common shares outstanding - basic 211,698,436 195,324,444 211,522,578 155,112,071 
OP Units8,597,656 — 8,651,915 — 
Shares related to dilutive stock options2,778 3,576 3,199 4,078 
Average number of common shares outstanding - diluted220,298,870 195,328,020 220,177,692 155,116,149 
Earnings per common share
Basic$0.91 $0.96 $2.79 $3.78 
Diluted$0.91 $0.96 $2.79 $3.78