| Earnings Per Share |
The following table sets forth the computation of basic and diluted earnings per share of the Company: | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | 2019 | | 2018 | | 2019 | | 2018 | Earnings per Common Share - basic: | | | | | | | | Numerator: | | | | | | | | Net income | $ | 41,394 |
| | $ | 52,998 |
| | $ | 49,780 |
| | $ | 87,244 |
| Net (income) attributable to noncontrolling interests in the Operating Partnership | (1,044 | ) | | (1,381 | ) | | (1,237 | ) | | (2,269 | ) | Net (income) attributable to noncontrolling interests in consolidated affiliates | (306 | ) | | (308 | ) | | (622 | ) | | (594 | ) | Dividends on Preferred Stock | (622 | ) | | (623 | ) | | (1,244 | ) | | (1,246 | ) | Net income available for common stockholders | $ | 39,422 |
| | $ | 50,686 |
| | $ | 46,677 |
| | $ | 83,135 |
| Denominator: | | | | | | | | Denominator for basic earnings per Common Share – weighted average shares | 103,693 |
| | 103,428 |
| | 103,647 |
| | 103,376 |
| Net income available for common stockholders | $ | 0.38 |
| | $ | 0.49 |
| | $ | 0.45 |
| | $ | 0.80 |
| Earnings per Common Share - diluted: | | | | | | | | Numerator: | | | | | | | | Net income | $ | 41,394 |
| | $ | 52,998 |
| | $ | 49,780 |
| | $ | 87,244 |
| Net (income) attributable to noncontrolling interests in consolidated affiliates | (306 | ) | | (308 | ) | | (622 | ) | | (594 | ) | Dividends on Preferred Stock | (622 | ) | | (623 | ) | | (1,244 | ) | | (1,246 | ) | Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership | $ | 40,466 |
| | $ | 52,067 |
| | $ | 47,914 |
| | $ | 85,404 |
| Denominator: | | | | | | | | Denominator for basic earnings per Common Share – weighted average shares | 103,693 |
| | 103,428 |
| | 103,647 |
| | 103,376 |
| Add: | | | | | | | | Stock options using the treasury method | 19 |
| | 32 |
| | 20 |
| | 29 |
| Noncontrolling interests Common Units | 2,733 |
| | 2,807 |
| | 2,735 |
| | 2,811 |
| Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions (1) | 106,445 |
| | 106,267 |
| | 106,402 |
| | 106,216 |
| Net income available for common stockholders | $ | 0.38 |
| | $ | 0.49 |
| | $ | 0.45 |
| | $ | 0.80 |
|
__________ (1) Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable.
|
| Earnings Per Unit |
The following table sets forth the computation of basic and diluted earnings per unit of the Operating Partnership: | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | 2019 | | 2018 | | 2019 | | 2018 | Earnings per Common Unit - basic: | | | | | | | | Numerator: | | | | | | | | Net income | $ | 41,394 |
| | $ | 52,998 |
| | $ | 49,780 |
| | $ | 87,244 |
| Net (income) attributable to noncontrolling interests in consolidated affiliates | (306 | ) | | (308 | ) | | (622 | ) | | (594 | ) | Distributions on Preferred Units | (622 | ) | | (623 | ) | | (1,244 | ) | | (1,246 | ) | Net income available for common unitholders | $ | 40,466 |
| | $ | 52,067 |
| | $ | 47,914 |
| | $ | 85,404 |
| Denominator: | | | | | | | | Denominator for basic earnings per Common Unit – weighted average units | 106,017 |
| | 105,826 |
| | 105,973 |
| | 105,778 |
| Net income available for common unitholders | $ | 0.38 |
| | $ | 0.49 |
| | $ | 0.45 |
| | $ | 0.81 |
| Earnings per Common Unit - diluted: | | | | | | | | Numerator: | | | | | | | | Net income | $ | 41,394 |
| | $ | 52,998 |
| | $ | 49,780 |
| | $ | 87,244 |
| Net (income) attributable to noncontrolling interests in consolidated affiliates | (306 | ) | | (308 | ) | | (622 | ) | | (594 | ) | Distributions on Preferred Units | (622 | ) | | (623 | ) | | (1,244 | ) | | (1,246 | ) | Net income available for common unitholders | $ | 40,466 |
| | $ | 52,067 |
| | $ | 47,914 |
| | $ | 85,404 |
| Denominator: | | | | | | | | Denominator for basic earnings per Common Unit – weighted average units | 106,017 |
| | 105,826 |
| | 105,973 |
| | 105,778 |
| Add: | | | | | | | | Stock options using the treasury method | 19 |
| | 32 |
| | 20 |
| | 29 |
| Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions (1) | 106,036 |
| | 105,858 |
| | 105,993 |
| | 105,807 |
| Net income available for common unitholders | $ | 0.38 |
| | $ | 0.49 |
| | $ | 0.45 |
| | $ | 0.81 |
|
__________ (1) Includes all unvested restricted stock where distributions on such restricted stock are non-forfeitable.
|