Earnings per Share

12 Months Ended

Dec. 31, 2022

The calculation of basic and diluted earnings per share for the years ended December 31, 2022 and 2021 was as follows (in thousands, except share and per share amounts):


	For the year ended December 31,
	2022		2021
Net income attributable to Altus Power, Inc.	$	55,437	$	5,906
Income attributable to participating securities(1)	(433)		(90)
Net income attributable to common stockholders - basic and diluted	55,004		5,816
Class A Common Stock
Weighted average shares of common stock outstanding - basic(2)	154,648,788		92,751,839
Dilutive RSUs	536,284		2,596,702
Dilutive restricted stock	523,921		1,254,887
Weighted average shares of common stock outstanding - diluted	155,708,993		96,603,428
Net income attributable to common stockholders per share - basic	$	0.36	$	0.06
Net income attributable to common stockholders per share - diluted	$	0.35	$	0.06

(1) Represents the income attributable to 1,207,500 and 1,408,750 Alignment Shares outstanding as of December 31, 2022 and 2021, respectively.

(2) For the years ended December 31, 2022 and 2021, the calculation of basic weighted average shares of common stock outstanding excludes 542,511 and 1,259,887 shares, respectively, of the Company's Class A common stock provided to holders of Legacy Altus common stock, including shares that were subject to vesting conditions.