Beneficiaries Equity of the Parent Company (Tables)

9 Months Ended

Sep. 30, 2020

Equity [Abstract]

Earnings Per Share (EPS), Basic and Diluted

The following table details the number of shares and net income used to calculate basic and diluted earnings per share (in thousands, except share and per share amounts; results may not add due to rounding):

	Three Months Ended September 30,
	2020						2019
	Basic			Diluted			Basic			Diluted
Numerator
Net income	$	276,133		$	276,133		$	6,820		$	6,820
Net income attributable to noncontrolling interests	(1,612		)	(1,612		)	(48		)	(48		)
Nonforfeitable dividends allocated to unvested restricted shareholders	(93		)	(93		)	(93		)	(93		)
Net income attributable to common shareholders	$	274,428		$	274,428		$	6,679		$	6,679
Denominator
Weighted-average shares outstanding	170,573,028			170,573,028			176,195,244			176,195,244
Contingent securities/Share based compensation	—			453,464			—			555,356
Weighted-average shares outstanding	170,573,028			171,026,492			176,195,244			176,750,600
Earnings per Common Share:
Net income attributable to common shareholders	$	1.61		$	1.60		$	0.04		$	0.04

	Nine Months Ended September 30,
	2020						2019
	Basic			Diluted			Basic			Diluted
Numerator
Net income	$	288,240		$	288,240		$	17,655		$	17,655
Net income attributable to noncontrolling interests	(1,701		)	(1,701		)	(155		)	(155		)
Nonforfeitable dividends allocated to unvested restricted shareholders	(317		)	(317		)	(305		)	(305		)
Net income attributable to common shareholders	$	286,222		$	286,222		$	17,195		$	17,195
Denominator
Weighted-average shares outstanding	172,380,410			172,380,410			176,066,507			176,066,507
Contingent securities/Share based compensation	—			355,026			—			551,219
Weighted-average shares outstanding	172,380,410			172,735,436			176,066,507			176,617,726
Earnings per Common Share:
Net income attributable to common shareholders	$	1.66		$	1.66		$	0.10		$	0.10