Net Income per Common Share

3 Months Ended

Mar. 31, 2021

Basic net income per common share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during each period. Diluted net income per common share is computed by dividing net income available to common stockholders, plus income attributable to dilutive shares and convertible common units for the period, by the weighted average number of common shares that would have been outstanding assuming the issuance of common shares for all potentially dilutive common shares outstanding during the reporting period.

The following is a reconciliation of the denominator of the basic net income per common share computation to the denominator of the diluted net income per common share computation:


	Three months ended March 31,
	2021	2020
Weighted average shares used for the basic net income per share computation	371,522,607	336,624,567
Incremental shares from share-based compensation	79,294	351,948
Weighted average shares used for diluted net income per share computation	371,601,901	336,976,515
Unvested shares from share based compensation that were anti-dilutive	220,946	31,001
Weighted average partnership common units convertible to common shares that were anti-dilutive	463,119	463,119