For the Year Ended December 31,

2022

2021

2020

Computation of Basic and Diluted Earnings Per Share:

Net income available to the Company's common shareholders

$

100,758

$

818,643

$

975,417

Change in estimated redemption value of redeemable noncontrolling interests

-

2,304

2,160

Earnings attributable to participating securities

(2,182

)

(5,346

)

(6,347

)

Net income available to the Company’s common shareholders for basic earnings per share

98,576

815,601

971,230

Distributions on convertible units

-

3,087

161

Net income available to the Company’s common shareholders for diluted earnings per share

$

98,576

$

818,688

$

971,391

Weighted average common shares outstanding – basic

615,528

506,248

429,950

Effect of dilutive securities (1):

Equity awards

2,283

2,422

1,475

Assumed conversion of convertible units

47

2,715

208

Weighted average common shares outstanding – diluted

617,858

511,385

431,633

Net income available to the Company's common shareholders:

Basic earnings per share

$

0.16

$

1.61

$

2.26

Diluted earnings per share

$

0.16

$

1.60

$

2.25