Beneficiaries Equity of the Parent Company (Tables)

9 Months Ended

Sep. 30, 2021

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,
	2021				2020
	Basic		Diluted		Basic		Diluted
Numerator
Net income	$	974	$	974	$	276,133	$	276,133
Net income attributable to noncontrolling interests	(7)		(7)		(1,612)		(1,612)
Nonforfeitable dividends allocated to unvested restricted shareholders	(91)		(91)		(93)		(93)


Net income attributable to common shareholders	$	876	$	876	$	274,428	$	274,428
Denominator
Weighted-average shares outstanding	170,907,018		170,907,018		170,573,028		170,573,028
Contingent securities/Share based compensation	—		1,330,176		—		453,464
Weighted-average shares outstanding	170,907,018		172,237,194		170,573,028		171,026,492
Earnings per Common Share:
Net income attributable to common shareholders	$	0.01	$	0.01	$	1.61	$	1.60


	Nine Months Ended September 30,
	2021				2020
	Basic		Diluted		Basic		Diluted
Numerator
Net income	$	7,763	$	7,763	$	288,240	$	288,240
Net income attributable to noncontrolling interests	(42)		(42)		(1,701)		(1,701)
Nonforfeitable dividends allocated to unvested restricted shareholders	(331)		(331)		(317)		(317)


Net income attributable to common shareholders	$	7,390	$	7,390	$	286,222	$	286,222
Denominator
Weighted-average shares outstanding	170,794,585		170,794,585		172,380,410		172,380,410
Contingent securities/Share based compensation	—		1,283,365		—		355,026
Weighted-average shares outstanding	170,794,585		172,077,950		172,380,410		172,735,436
Earnings per Common Share:
Net income attributable to common shareholders	$	0.04	$	0.04	$	1.66	$	1.66

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


	Three Months Ended September 30,
	2021				2020
	Basic		Diluted		Basic		Diluted
Numerator
Net income	$	974	$	974	$	276,133	$	276,133
Net loss attributable to noncontrolling interests	2		2		2		2
Nonforfeitable dividends allocated to unvested restricted unitholders	(91)		(91)		(93)		(93)


Net income attributable to common unitholders	$	885	$	885	$	276,042	$	276,042
Denominator
Weighted-average units outstanding	171,731,001		171,731,001		171,554,662		171,554,662
Contingent securities/Share based compensation	—		1,330,176		—		453,464
Total weighted-average units outstanding	171,731,001		173,061,177		171,554,662		172,008,126
Earnings per Common Partnership Unit:
Net income attributable to common unitholders	$	0.01	$	0.01	$	1.61	$	1.60


	Nine Months Ended September 30,
	2021				2020
	Basic		Diluted		Basic		Diluted
Numerator
Net income	$	7,763	$	7,763	$	288,240	$	288,240
Net (income) loss attributable to noncontrolling interests	4		4		(20)		(20)
Nonforfeitable dividends allocated to unvested restricted unitholders	(331)		(331)		(317)		(317)


Net income attributable to common unitholders	$	7,436	$	7,436	$	287,903	$	287,903
Denominator
Weighted-average units outstanding	171,710,387		171,710,387		173,362,044		173,362,044
Contingent securities/Share based compensation	—		1,283,365		—		355,026
Total weighted-average units outstanding	171,710,387		172,993,752		173,362,044		173,717,070
Earnings per Common Partnership Unit:
Net income attributable to common unitholders	$	0.04	$	0.04	$	1.66	$	1.66