Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2021

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data):


	Three Months Ended March 31,
	2021		2020
Numerator for basic earnings per share - net income (loss) attributable to common stockholders	$	71,546	$	310,284


Adjustment for net income (loss) attributable to OP units	(1,353)		(1,388)
Numerator for diluted earnings per share	$	70,193	$	308,896

Denominator for basic earnings per share - weighted average shares	417,241		410,306
Effect of dilutive securities:

Non-vested restricted shares	421		702
Redeemable OP units	1,396		1,396
Employee stock purchase program	21		16
Dilutive potential common shares	1,838		2,114
Denominator for diluted earnings per share - adjusted weighted average shares	419,079		412,420

Basic earnings per share	$	0.17	$	0.76
Diluted earnings per share	$	0.17	$	0.75