Earnings Per Share

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Earnings Per Share

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

	Year Ended December 31,
	2021		2020		2019
Numerator for basic earnings per share - net income attributable
to common stockholders	$	336,138	$	978,844	$	1,232,432
Adjustment for net income (loss) attributable to OP units	(3,020)		(6,146)		806
Numerator for diluted earnings per share	$	333,118	$	972,698	$	1,233,238
Denominator for basic earnings per share - weighted average shares	424,976		415,451		401,845
Effect of dilutive securities:
Non-vested restricted shares	447		519		835
Redeemable OP units	1,396		1,396		1,112
Employee stock purchase program	22		21		16
Dilutive potential common shares	1,865		1,936		1,963
Denominator for diluted earnings per share - adjusted weighted average shares	426,841		417,387		403,808
Basic earnings per share	$	0.79	$	2.36	$	3.07
Diluted earnings per share	$	0.78	$	2.33	$	3.05

As of December 31, 2021, and December 31, 2019, outstanding forward sales agreements for the sale of 5,187,250 shares and 4,935,804 shares, respectively, were not included in the computation of diluted earnings per share because such forward sales were anti-dilutive for the period. Employee stock options were anti-dilutive for the periods presented.