Earnings per Share and Unit (Tables)

9 Months Ended

Sep. 30, 2017

Parent Company [Member]

Schedule of earnings per share

The following summarizes the calculation of basic and diluted earnings per share:

	Three months ended September 30,			Nine months ended September 30,
(in thousands, except per share data)	2017		2016	2017		2016
Numerator:
Income from operations attributable to common stockholders - basic	$	59,666	5,305	$	74,810	87,992
Income from operations attributable to common stockholders - diluted	$	59,666	5,305	$	74,810	87,992
Denominator:
Weighted average common shares outstanding for basic EPS	170,105		103,675	155,881		99,639
Weighted average common shares outstanding for diluted EPS (1)	170,466		104,255	156,190		100,128
Income per common share – basic	$	0.35	0.05	$	0.48	0.88
Income per common share – diluted	$	0.35	0.05	$	0.48	0.88
(1)  Includes the dilutive impact of unvested restricted stock and shares issuable under the forward equity offering using the treasury stock method.

Partnership Interest [Member]

Schedule of earnings per share

The following summarizes the calculation of basic and diluted earnings per unit:

	Three months ended September 30,			Nine months ended September 30,
(in thousands, except per share data)	2017		2016	2017		2016
Numerator:
Income from operations attributable to common unit holders - basic	$	59,798	5,321	$	75,027	88,157
Income from operations attributable to common unit holders - diluted	$	59,798	5,321	$	75,027	88,157
Denominator:
Weighted average common units outstanding for basic EPU	170,455		103,829	156,158		99,793
Weighted average common units outstanding for diluted EPU (1)	170,816		104,409	156,467		100,282
Income per common unit – basic	$	0.35	0.05	$	0.48	0.88
Income per common unit – diluted	$	0.35	0.05	$	0.48	0.88
(1)  Includes the dilutive impact of unvested restricted stock and the forward equity offering using the treasury stock method.