Net Income per Common Share

9 Months Ended

Sep. 30, 2022

Net Income per Common ShareBasic 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 September 30,		Nine months ended September 30,
	2022	2021	2022	2021
Weighted average shares used for the basic net income per share computation	617,511,609	391,913,478	604,463,977	379,291,782
Incremental shares from share-based compensation	355,063	136,923	341,626	117,645
Dilutive effect of forward ATM offerings	90,367	—	30,233	—
Weighted average shares used for diluted net income per share computation	617,957,039	392,050,401	604,835,836	379,409,427
Unvested shares from share based compensation that were anti-dilutive	68,318	91,221	36,950	119,981
Weighted average partnership common units convertible to common shares that were anti-dilutive	1,244,324	463,119	1,122,586	463,119
Weighted average forward ATM offerings that were anti-dilutive	563,295	—	188,455	—