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Earnings Per Share and Per Unit
9 Months Ended
Sep. 30, 2023
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,
2023202220232022
Earnings per Common Share - basic:
Numerator:
Net income$23,171 $40,110 $111,995 $134,815 
Net (income) attributable to noncontrolling interests in the Operating Partnership
(453)(881)(2,386)(3,049)
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates (357)488 (880)
Dividends on Preferred Stock(622)(621)(1,864)(1,864)
Net income available for common stockholders$22,101 $38,251 $108,233 $129,022 
Denominator:
Denominator for basic earnings per Common Share – weighted average shares (1)
105,671 105,184 105,473 105,094 
Net income available for common stockholders$0.21 $0.36 $1.03 $1.23 
Earnings per Common Share - diluted:
Numerator:
Net income$23,171 $40,110 $111,995 $134,815 
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates(357)488 (880)
Dividends on Preferred Stock(622)(621)(1,864)(1,864)
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership
$22,554 $39,132 $110,619 $132,071 
Denominator:
Denominator for basic earnings per Common Share – weighted average shares (1)
105,671 105,184 105,473 105,094 
Add:
Stock options using the treasury method— — — 
Noncontrolling interests Common Units2,161 2,417 2,289 2,469 
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions
107,832 107,601 107,762 107,570 
Net income available for common stockholders$0.21 $0.36 $1.03 $1.23 
__________
(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,
2023202220232022
Earnings per Common Unit - basic:
Numerator:
Net income$23,171 $40,110 $111,995 $134,815 
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates(357)488 (880)
Distributions on Preferred Units(622)(621)(1,864)(1,864)
Net income available for common unitholders$22,554 $39,132 $110,619 $132,071 
Denominator:
Denominator for basic earnings per Common Unit – weighted average units (1)
107,423 107,192 107,353 107,154 
Net income available for common unitholders$0.21 $0.37 $1.03 $1.23 
Earnings per Common Unit - diluted:
Numerator:
Net income$23,171 $40,110 $111,995 $134,815 
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates(357)488 (880)
Distributions on Preferred Units(622)(621)(1,864)(1,864)
Net income available for common unitholders$22,554 $39,132 $110,619 $132,071 
Denominator:
Denominator for basic earnings per Common Unit – weighted average units (1)
107,423 107,192 107,353 107,154 
Add:
Stock options using the treasury method— — — 
Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions
107,423 107,192 107,353 107,161 
Net income available for common unitholders$0.21 $0.37 $1.03 $1.23 
__________
(1)Includes all unvested restricted stock where distributions on such restricted stock are non-forfeitable
.