XML 37 R21.htm IDEA: XBRL DOCUMENT v3.21.2
Earnings Per Share and Per Unit
 9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Earnings Per Share and Per Unit Earnings Per Share and Per Unit
The following table sets forth the computation of basic and diluted earnings per share of the Company:

Three Months Ended
September 30,		Nine Months Ended
September 30,
2021202020212020
Earnings per Common Share - basic:
Numerator:
Net income$75,587 $42,331 $194,286 $272,627 
Net (income) attributable to noncontrolling interests in the Operating Partnership
(1,967)(1,107)(5,084)(7,084)
Net (income) attributable to noncontrolling interests in consolidated affiliates
(894)(298)(1,469)(872)
Dividends on Preferred Stock(621)(622)(1,864)(1,866)
Net income available for common stockholders$72,105 $40,304 $185,869 $262,805 
Denominator:
Denominator for basic earnings per Common Share – weighted average shares (1)
104,277 103,896 104,117 103,865 
Net income available for common stockholders$0.69 $0.39 $1.79 $2.53 
Earnings per Common Share - diluted:
Numerator:
Net income$75,587 $42,331 $194,286 $272,627 
Net (income) attributable to noncontrolling interests in consolidated affiliates
(894)(298)(1,469)(872)
Dividends on Preferred Stock(621)(622)(1,864)(1,866)
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership
$74,072 $41,411 $190,953 $269,889 
Denominator:
Denominator for basic earnings per Common Share – weighted average shares (1)
104,277 103,896 104,117 103,865 
Add:
Stock options using the treasury method25 2 17 10 
Noncontrolling interests Common Units2,837 2,842 2,838 2,827 
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions
107,139 106,740 106,972 106,702 
Net income available for common stockholders$0.69 $0.39 $1.79 $2.53 
__________
(1)Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable.
The following table sets forth the computation of basic and diluted earnings per unit of the Operating Partnership:

Three Months Ended
September 30,		Nine Months Ended
September 30,
2021202020212020
Earnings per Common Unit - basic:
Numerator:
Net income$75,587 $42,331 $194,286 $272,627 
Net (income) attributable to noncontrolling interests in consolidated affiliates
(894)(298)(1,469)(872)
Distributions on Preferred Units(621)(622)(1,864)(1,866)
Net income available for common unitholders$74,072 $41,411 $190,953 $269,889 
Denominator:
Denominator for basic earnings per Common Unit – weighted average units (1)
106,705 106,329 106,546 106,283 
Net income available for common unitholders$0.69 $0.39 $1.79 $2.54 
Earnings per Common Unit - diluted:
Numerator:
Net income$75,587 $42,331 $194,286 $272,627 
Net (income) attributable to noncontrolling interests in consolidated affiliates
(894)(298)(1,469)(872)
Distributions on Preferred Units(621)(622)(1,864)(1,866)
Net income available for common unitholders$74,072 $41,411 $190,953 $269,889 
Denominator:
Denominator for basic earnings per Common Unit – weighted average units (1)
106,705 106,329 106,546 106,283 
Add:
Stock options using the treasury method25 2 17 10 
Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions
106,730 106,331 106,563 106,293 
Net income available for common unitholders$0.69 $0.39 $1.79 $2.54 
__________
(1)Includes all unvested restricted stock where distributions on such restricted stock are non-forfeitable.