BENEFICIARIES' EQUITY OF THE PARENT COMPANY (Tables)

9 Months Ended

Sep. 30, 2022

Schedule of 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,
	2022				2021
	Basic		Diluted		Basic		Diluted
Numerator
Net income	$	13,478	$	13,478	$	974	$	974
Net income attributable to noncontrolling interests	(37)		(37)		(7)		(7)
Nonforfeitable dividends allocated to unvested restricted shareholders	(105)		(105)		(91)		(91)


Net income attributable to common shareholders	$	13,336	$	13,336	$	876	$	876
Denominator
Weighted-average shares outstanding	171,569,807		171,569,807		170,907,018		170,907,018
Contingent securities/Share based compensation	—		582,449		—		1,330,176
Weighted-average shares outstanding	171,569,807		172,152,256		170,907,018		172,237,194
Earnings per Common Share:
Net income attributable to common shareholders	$	0.08	$	0.08	$	0.01	$	0.01


	Nine Months Ended September 30,
	2022				2021
	Basic		Diluted		Basic		Diluted
Numerator
Net income	$	24,230	$	24,230	$	7,763	$	7,763
Net income attributable to noncontrolling interests	(59)		(59)		(42)		(42)
Nonforfeitable dividends allocated to unvested restricted shareholders	(351)		(351)		(331)		(331)


Net income attributable to common shareholders	$	23,820	$	23,820	$	7,390	$	7,390
Denominator
Weighted-average shares outstanding	171,464,936		171,464,936		170,794,585		170,794,585
Contingent securities/Share based compensation	—		970,217		—		1,283,365
Weighted-average shares outstanding	171,464,936		172,435,153		170,794,585		172,077,950
Earnings per Common Share:
Net income attributable to common shareholders	$	0.14	$	0.14	$	0.04	$	0.04

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,
	2022				2021
	Basic		Diluted		Basic		Diluted
Numerator
Net income	$	13,478	$	13,478	$	974	$	974
Net loss attributable to noncontrolling interests	1		1		2		2
Nonforfeitable dividends allocated to unvested restricted unitholders	(105)		(105)		(91)		(91)


Net income attributable to common unitholders	$	13,374	$	13,374	$	885	$	885
Denominator
Weighted-average units outstanding	172,086,274		172,086,274		171,731,001		171,731,001
Contingent securities/Share based compensation	—		582,449		—		1,330,176
Total weighted-average units outstanding	172,086,274		172,668,723		171,731,001		173,061,177
Earnings per Common Partnership Unit:
Net income attributable to common unitholders	$	0.08	$	0.08	$	0.01	$	0.01


	Nine Months Ended September 30,
	2022				2021
	Basic		Diluted		Basic		Diluted
Numerator
Net income	$	24,230	$	24,230	$	7,763	$	7,763
Net loss attributable to noncontrolling interests	5		5		4		4
Nonforfeitable dividends allocated to unvested restricted unitholders	(351)		(351)		(331)		(331)


Net income attributable to common unitholders	$	23,884	$	23,884	$	7,436	$	7,436
Denominator
Weighted-average units outstanding	172,019,701		172,019,701		171,710,387		171,710,387
Contingent securities/Share based compensation	—		970,217		—		1,283,365
Total weighted-average units outstanding	172,019,701		172,989,918		171,710,387		172,993,752
Earnings per Common Partnership Unit:
Net income attributable to common unitholders	$	0.14	$	0.14	$	0.04	$	0.04