| 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
March 31, | | 2020 | | 2019 | Earnings per Common Share - basic: | | | | Numerator: | | | | Net income | $ | 191,340 |
| | $ | 8,386 |
| Net (income) attributable to noncontrolling interests in the Operating Partnership | (4,960 | ) | | (193 | ) | Net (income) attributable to noncontrolling interests in consolidated affiliates | (285 | ) | | (316 | ) | Dividends on Preferred Stock | (622 | ) | | (622 | ) | Net income available for common stockholders | $ | 185,473 |
| | $ | 7,255 |
| Denominator: | | | | Denominator for basic earnings per Common Share – weighted average shares (1) | 103,813 |
| | 103,600 |
| Net income available for common stockholders | $ | 1.79 |
| | $ | 0.07 |
| Earnings per Common Share - diluted: | | | | Numerator: | | | | Net income | $ | 191,340 |
| | $ | 8,386 |
| Net (income) attributable to noncontrolling interests in consolidated affiliates | (285 | ) | | (316 | ) | Dividends on Preferred Stock | (622 | ) | | (622 | ) | Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership | $ | 190,433 |
| | $ | 7,448 |
| Denominator: | | | | Denominator for basic earnings per Common Share – weighted average shares (1) | 103,813 |
| | 103,600 |
| Add: | | | | Stock options using the treasury method | 25 |
| | 20 |
| Noncontrolling interests Common Units | 2,795 |
| | 2,737 |
| Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions | 106,633 |
| | 106,357 |
| Net income available for common stockholders | $ | 1.79 |
| | $ | 0.07 |
|
__________ | | (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
March 31, | | 2020 | | 2019 | Earnings per Common Unit - basic: | | | | Numerator: | | | | Net income | $ | 191,340 |
| | $ | 8,386 |
| Net (income) attributable to noncontrolling interests in consolidated affiliates | (285 | ) | | (316 | ) | Distributions on Preferred Units | (622 | ) | | (622 | ) | Net income available for common unitholders | $ | 190,433 |
| | $ | 7,448 |
| Denominator: | | | | Denominator for basic earnings per Common Unit – weighted average units (1) | 106,199 |
| | 105,928 |
| Net income available for common unitholders | $ | 1.79 |
| | $ | 0.07 |
| Earnings per Common Unit - diluted: | | | | Numerator: | | | | Net income | $ | 191,340 |
| | $ | 8,386 |
| Net (income) attributable to noncontrolling interests in consolidated affiliates | (285 | ) | | (316 | ) | Distributions on Preferred Units | (622 | ) | | (622 | ) | Net income available for common unitholders | $ | 190,433 |
| | $ | 7,448 |
| Denominator: | | | | Denominator for basic earnings per Common Unit – weighted average units (1) | 106,199 |
| | 105,928 |
| Add: | | | | Stock options using the treasury method | 25 |
| | 20 |
| Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions | 106,224 |
| | 105,948 |
| Net income available for common unitholders | $ | 1.79 |
| | $ | 0.07 |
|
__________ (1) Includes all unvested restricted stock where distributions on such restricted stock are non-forfeitable.
|