XML 54 R34.htm IDEA: XBRL DOCUMENT v3.20.2
Net Income (Loss) Per Share/Unit (Tables)
9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Summary of Basic and Diluted Net Loss Per Share
The following is a summary of the basic and diluted net income (loss) per share computation for the General Partner for the three and nine months ended September 30, 2020 and 2019 (dollar amounts in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2020201920202019
Net income (loss)
$97,983 $(741,529)$239,085 $(378,274)
Net (income) loss attributable to non-controlling interests
(51)15,089 (137)6,796 
Net income (loss) attributable to the General Partner
97,932 (726,440)238,948 (371,478)
Dividends to preferred shares and units(10,771)(16,578)(36,667)(52,524)
Net income (loss) available to common stockholders used in basic net income per share
87,161 (743,018)202,281 (424,002)
Income (loss) attributable to limited partners
65 — 166 — 
Net income (loss) used in diluted net income per share
$87,226 $(743,018)$202,447 $(424,002)
Weighted average number of Common Stock outstanding - basic
1,083,687,807 978,982,729 1,080,010,859 973,760,599 
Effect of Limited Partner OP Units and dilutive securities
1,450,569 — 1,429,965 — 
Weighted average number of common shares - diluted
1,085,138,376 978,982,729 1,081,440,824 973,760,599 
Basic and diluted net income (loss) per share attributable to common stockholders
$0.08 $(0.76)$0.19 $(0.43)
The following is a summary of the basic and diluted net income (loss) per unit attributable to common unitholders, which includes all common General Partner unitholders and limited partner unitholders, for the three and nine months ended September 30, 2020 and 2019 (dollar amounts in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2020201920202019
Net income (loss)
$97,983 $(741,529)$239,085 $(378,274)
Net loss attributable to non-controlling interests
14 25 29 83 
Net income (loss) attributable to the Operating Partnership
97,997 (741,504)239,114 (378,191)
Dividends to preferred units
(10,771)(16,578)(36,667)(52,524)
Net income (loss) used in basic and diluted net income per unit
$87,226 $(758,082)$202,447 $(430,715)
Weighted average number of common units outstanding - basic
1,084,459,455 999,776,192 1,080,789,878 996,480,948 
Effect of dilutive securities
678,921 — 650,946 — 
Weighted average number of common units - diluted
1,085,138,376 999,776,192 1,081,440,824 996,480,948 
Basic and diluted net income (loss) per unit attributable to common unitholders
$0.08 $(0.76)$0.19 $(0.43)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following were excluded from diluted net loss per share attributable to common stockholders, as the effect would have been antidilutive:
Three Months Ended September 30,Nine Months Ended September 30,
2020201920202019
Weighted average unvested Restricted Shares and Restricted Stock Units (1)
— 2,350,536 — 1,782,311 
Weighted average stock options (1)
— 772,924 — 433,849 
Limited Partner OP Units— 20,793,463 — 22,720,350 
_______________________________________________
(1) Net of assumed repurchases in accordance with the treasury stock method
The following were excluded from diluted net loss per unit attributable to common unitholders, as the effect would have been antidilutive:
Three Months Ended September 30,Nine Months Ended September 30,
2020201920202019
Weighted average unvested Restricted Shares and Restricted Stock Units (1)
— 2,350,536 — 1,782,311 
Weighted average stock options (1)
— 772,924 — 433,849 
_______________________________________________
(1) Net of assumed repurchases in accordance with the treasury stock method