Earnings Per Common Share

9 Months Ended

Sep. 30, 2024

The following table sets forth the computation of basic and diluted earnings per share of common stock (“Common Share”) for the quarters and nine months ended September 30, 2024 and 2023:


	Quarters Ended September 30,				Nine Months Ended September 30,
(amounts in thousands, except per share data)	2024		2023		2024		2023
Numerators:
Net income available for Common Stockholders – Basic	$	82,821	$	76,969	$	271,023	$	222,260
Amounts allocated to non controlling interest (dilutive securities)	4,042		3,772		13,230		10,981
Net income available for Common Stockholders – Fully Diluted	$	86,863	$	80,741	$	284,253	$	233,241
Denominators:
Weighted average Common Shares outstanding – Basic	186,327		186,100		186,311		186,008
Effect of dilutive securities:
Exchange of Common OP Units for Common Shares	9,105		9,235		9,105		9,246
Stock options and restricted stock	78		105		91		160
Weighted average Common Shares outstanding and OP Units – Fully Diluted	195,510		195,440		195,507		195,414

Earnings per Common Share – Basic	$	0.44	$	0.41	$	1.45	$	1.19

Earnings per Common Share – Fully Diluted	$	0.44	$	0.41	$	1.45	$	1.19