Earnings Per Share

6 Months Ended

Jun. 30, 2021

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Numerator for basic earnings per share - net income (loss) attributable to common stockholders	$	26,257	$	179,246	$	97,803	$	489,530


Adjustment for net income (loss) attributable to OP units	(873)		(1,366)		(2,225)		(2,754)
Numerator for diluted earnings per share	$	25,384	$	177,880	$	95,578	$	486,776

Denominator for basic earnings per share - weighted average shares	417,452		417,084		417,360		413,696
Effect of dilutive securities:

Non-vested restricted shares	438		619		430		661
Redeemable OP units	1,396		1,396		1,396		1,396
Employee stock purchase program	19		22		19		22
Dilutive potential common shares	1,853		2,037		1,845		2,079
Denominator for diluted earnings per share - adjusted weighted average shares	419,305		419,121		419,205		415,775

Basic earnings per share	$	0.06	$	0.43	$	0.23	$	1.18
Diluted earnings per share	$	0.06	$	0.42	$	0.23	$	1.17

As of June 30, 2021, forward sales agreements outstanding for the sale of 13,052,375 shares of common stock were not included in the computation of diluted earnings per share because such forward sales were anti-dilutive to the three and six month periods ended June 30, 2021.