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Net Income (Loss) Per Share/Unit
 3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share/Unit Net Income (Loss) Per Share/Unit
Net Income (Loss) Per Share
The following is a summary of the basic and diluted net income per share computation for the General Partner for the three months ended March 31, 2020 and 2019 (dollar amounts in thousands):
 
 
Three Months Ended March 31,
 
 
2020

2019
Net income
 
$
86,863

 
$
70,971

Net income attributable to non-controlling interests
 
(55
)
 
(1,667
)
Net income attributable to the General Partner
 
86,808

 
69,304

Dividends to preferred shares and units
 
(12,948
)
 
(17,973
)
Net income available to common stockholders used in basic net income per share
 
73,860

 
51,331

Income attributable to limited partners
 
62

 
1,695

Net income used in diluted net income per share
 
$
73,922

 
$
53,026

 
 
 
 
 
Weighted average number of Common Stock outstanding - basic
 
1,077,937,799

 
968,460,296

Effect of Limited Partner OP Units and dilutive securities
 
1,813,441

 
24,838,018

Weighted average number of common shares - diluted
 
1,079,751,240


993,298,314

 
 
 
 
 
Basic and diluted net income per share attributable to common stockholders
 
$
0.07

 
$
0.05


Net Income (Loss) Per Unit
The following is a summary of the basic and diluted net income per unit attributable to common unitholders, which includes all common General Partner unitholders and limited partner unitholders, for the three months ended March 31, 2020 and 2019 (dollar amounts in thousands):
 
 
Three Months Ended March 31,

 
2020
 
2019
Net income
 
$
86,863

 
$
70,971

Net loss attributable to non-controlling interests
 
7

 
28

Net income attributable to the Operating Partnership
 
86,870

 
70,999

Dividends to preferred units
 
(12,948
)
 
(17,973
)
Net income used in basic and diluted net income per unit
 
$
73,922

 
$
53,026

 
 
 
 
 
Weighted average number of common units outstanding - basic
 
1,078,721,119

 
992,176,204

Effect of dilutive securities
 
1,030,122

 
1,122,110

Weighted average number of common units - diluted
 
1,079,751,241

 
993,298,314

 
 
 
 
 
Basic and diluted net income per unit attributable to common unitholders

$
0.07


$
0.05