Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of Earnings Per Share Reconciliation

The following is a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for the three and six months ended June 30, 2023 and 2022:


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
BASIC


Net income (loss) attributable to common shareholders	$	(9,683)	$	39,667	$	(161)	$	48,665
Weighted-average number of common shares outstanding - basic	290,186,934		283,568,078		290,134,015		283,604,072

Net income (loss) attributable to common shareholders - per common share basic	$	(0.03)	$	0.14	$	—	$	0.17

DILUTED
Net income (loss) attributable to common shareholders - basic	$	(9,683)	$	39,667	$	(161)	$	48,665


Impact of assumed conversions	(81)		47		(77)		136
Net income (loss) attributable to common shareholders	$	(9,764)	$	39,714	$	(238)	$	48,801

Weighted-average common shares outstanding - basic	290,186,934		283,568,078		290,134,015		283,604,072
Effect of dilutive securities:
Unvested share-based payment awards	—		257,371		—		668,130
Shares issuable under forward sales agreements	—		750,944		—		2,549,683


Operating partnership units	828,603		860,048		830,335		865,512

Weighted-average common shares outstanding - diluted	291,015,537		285,436,441		290,964,350		287,687,397


Net income (loss) attributable to common shareholders - per common share diluted	$	(0.03)	$	0.14	$	—	$	0.17

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table summarizes the potentially dilutive shares excluded from the dilutive earnings per share calculation as inclusion of such shares would be anti-dilutive:


	Three Months Ended June 30,		Six Months Ended June 30,
	2023	2022	2023	2022
Unvested share-based payment awards	135,172	10,140	131,522	34,762
Preferred shares - Series C	4,710,570	4,710,570	4,710,570	4,710,570