Net Income (Loss) Per Share/Unit (Tables)

6 Months Ended

Jun. 30, 2021

Summary of basic and diluted net 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, 2021 and 2020 (dollar amounts in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Net income	$	77,903	$	56,105	$	198,626	$	142,968
Net income attributable to non-controlling interests	(7)		(31)		(83)		(86)
Net income attributable to the General Partner	77,896		56,074		198,543		142,882
Dividends to preferred shares and units	(6,248)		(12,948)		(12,773)		(25,896)
Net income available to common stockholders used in basic net income per share	71,648		43,126		185,770		116,986
Income attributable to limited partners	35		39		114		101
Net income used in diluted net income per share	$	71,683	$	43,165	$	185,884	$	117,087

Weighted average number of Common Stock outstanding - basic	229,251,460		215,673,313		229,205,720		215,630,437
Effect of Limited Partner OP Units and dilutive securities	740,106		237,300		534,391		274,191
Weighted average number of common shares - diluted	229,991,566		215,910,613		229,740,111		215,904,628

Basic and diluted net income per share attributable to common stockholders	$	0.31	$	0.20	$	0.81	$	0.54

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, 2021 and 2020 (dollar amounts in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Net income	$	77,903	$	56,105	$	198,626	$	142,968
Net loss attributable to non-controlling interests	28		8		31		15
Net income attributable to the Operating Partnership	77,931		56,113		198,657		142,983
Dividends to preferred units	(6,248)		(12,948)		(12,773)		(25,896)
Net income used in basic and diluted net income per unit	$	71,683	$	43,165	$	185,884	$	117,087

Weighted average number of common units outstanding - basic	229,403,494		215,829,747		229,357,754		215,786,986
Effect of dilutive securities	588,072		80,866		382,357		117,642
Weighted average number of common units - diluted	229,991,566		215,910,613		229,740,111		215,904,628

Basic and diluted net income per unit attributable to common unitholders	$	0.31	$	0.20	$	0.81	$	0.54