Net Income (Loss) Per Share/Unit

6 Months Ended

Jun. 30, 2020

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 and six months ended June 30, 2020 and 2019 (dollar amounts in thousands):



	Three Months Ended June 30,						Six Months Ended June 30,
	2020			2019			2020			2019
Net income	$	54,239		$	292,284		$	141,102		$	363,255
Net income attributable to non-controlling interests	(31		)	(6,626		)	(86		)	(8,293		)
Net income attributable to the General Partner	54,208			285,658			141,016			354,962
Dividends to preferred shares and units	(12,948		)	(17,973		)	(25,896		)	(35,946		)
Net income available to common stockholders used in basic net income per share	41,260			267,685			115,120			319,016
Income attributable to limited partners	39			6,656			101			8,351
Net income used in diluted net income per share	$	41,299		$	274,341		$	115,221		$	327,367

Weighted average number of Common Stock outstanding - basic	1,078,366,566			973,723,139			1,078,152,183			971,106,256
Effect of Limited Partner OP Units and dilutive securities	1,186,500			26,054,596			1,370,957			25,636,664
Weighted average number of common shares - diluted	1,079,553,066			999,777,735			1,079,523,140			996,742,920

Basic and diluted net income per share attributable to common stockholders	$	0.04		$	0.27		$	0.11		$	0.33

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 and six months ended June 30, 2020 and 2019 (dollar amounts in thousands):



	Three Months Ended June 30,						Six Months Ended June 30,
	2020			2019			2020			2019
Net income	$	54,239		$	292,284		$	141,102		$	363,255
Net loss attributable to non-controlling interests	8			30			15			58
Net income attributable to the Operating Partnership	54,247			292,314			141,117			363,313
Dividends to preferred units	(12,948		)	(17,973		)	(25,896		)	(35,946		)
Net income used in basic and diluted net income per unit	$	41,299		$	274,341		$	115,221		$	327,367

Weighted average number of common units outstanding - basic	1,079,148,736			997,406,933			1,078,934,928			994,806,018
Effect of dilutive securities	404,330			2,370,802			588,212			1,936,902
Weighted average number of common units - diluted	1,079,553,066			999,777,735			1,079,523,140			996,742,920

Basic and diluted net income per unit attributable to common unitholders	$	0.04		$	0.27		$	0.11		$	0.33