Net Income (Loss) Per Share/Unit

3 Months Ended

Mar. 31, 2021

Net Income (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 months ended March 31, 2021 and 2020 (dollar amounts in thousands):


	Three Months Ended March 31,
	2021		2020
Net income	$	120,723	$	86,863
Net income attributable to non-controlling interests	(76)		(55)
Net income attributable to the General Partner	120,647		86,808
Dividends to preferred shares and units	(6,525)		(12,948)
Net income available to common stockholders used in basic net income per share	114,122		73,860
Income attributable to limited partners	79		62
Net income used in diluted net income per share	$	114,201	$	73,922

Weighted average number of Common Stock outstanding - basic	229,159,472		215,587,560
Effect of Limited Partner OP Units and dilutive securities	270,395		362,688
Weighted average number of common shares - diluted	229,429,867		215,950,248

Basic and diluted net income per share attributable to common stockholders	$	0.50	$	0.34

Net Income (Loss) Per Unit

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 months ended March 31, 2021 and 2020 (dollar amounts in thousands):


	Three Months Ended March 31,
	2021		2020
Net income	$	120,723	$	86,863
Net loss attributable to non-controlling interests	3		7
Net income attributable to the Operating Partnership	120,726		86,870
Dividends to preferred units	(6,525)		(12,948)
Net income used in basic and diluted net income per unit	$	114,201	$	73,922

Weighted average number of common units outstanding - basic	229,311,506		215,744,224
Effect of dilutive securities	118,361		206,024
Weighted average number of common units - diluted	229,429,867		215,950,248

Basic and diluted net income per unit attributable to common unitholders	$	0.50	$	0.34