EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2024

Computation of Basic and Diluted Earnings Per Common Share

The following table shows the amounts used in computing our basic and diluted earnings per share (in thousands, except per share amounts):


	For the Three Months Ended March 31,
	2024		2023
Numerator for basic and diluted earnings per share:
(Loss) income from continuing operations	$	(12,540)	$	18,912
Net (loss) income	(12,540)		18,912
Net income attributable to noncontrolling interests	1,772		1,395
Net (loss) income attributable to common stockholders	$	(14,312)	$	17,517
Denominator:
Denominator for basic earnings per share—weighted average shares	403,365		399,989
Effect of dilutive securities:

Restricted stock awards	416		320
OP unitholder interests	3,446		3,483
Denominator for diluted earnings per share—adjusted weighted average shares	407,227		403,792
Basic earnings per share:
(Loss) income from continuing operations	$	(0.03)	$	0.05
Net (loss) income attributable to common stockholders	(0.04)		0.04
Diluted earnings per share: (1)
(Loss) income from continuing operations	$	(0.03)	$	0.05
Net (loss) income attributable to common stockholders	(0.04)		0.04

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(1) Potential common shares are not included in the computation of diluted earnings per share when a loss from continuing operations exists as the effect would be an antidilutive per share amount.