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Earnings Per Share and Per Unit
 6 Months Ended
Jun. 30, 2020
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
June 30,
 
Six Months Ended
June 30,
 
2020
 
2019
 
2020
 
2019
Earnings per Common Share - basic:
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Net income
$
38,956

 
$
41,394

 
$
230,296

 
$
49,780

Net (income) attributable to noncontrolling interests in the Operating Partnership
(1,017
)
 
(1,044
)
 
(5,977
)
 
(1,237
)
Net (income) attributable to noncontrolling interests in consolidated affiliates
(289
)
 
(306
)
 
(574
)
 
(622
)
Dividends on Preferred Stock
(622
)
 
(622
)
 
(1,244
)
 
(1,244
)
Net income available for common stockholders
$
37,028

 
$
39,422

 
$
222,501

 
$
46,677

Denominator:
 
 
 
 
 
 
 
Denominator for basic earnings per Common Share – weighted average shares (1)
103,886

 
103,693

 
103,849

 
103,647

Net income available for common stockholders
$
0.36

 
$
0.38

 
$
2.14

 
$
0.45

Earnings per Common Share - diluted:
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Net income
$
38,956

 
$
41,394

 
$
230,296

 
$
49,780

Net (income) attributable to noncontrolling interests in consolidated affiliates
(289
)
 
(306
)
 
(574
)
 
(622
)
Dividends on Preferred Stock
(622
)
 
(622
)
 
(1,244
)
 
(1,244
)
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership
$
38,045

 
$
40,466

 
$
228,478

 
$
47,914

Denominator:
 
 
 
 
 
 
 
Denominator for basic earnings per Common Share – weighted average shares (1)
103,886

 
103,693

 
103,849

 
103,647

Add:
 
 
 
 
 
 
 
Stock options using the treasury method
2

 
19

 
13

 
20

Noncontrolling interests Common Units
2,842

 
2,733

 
2,819

 
2,735

Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions
106,730

 
106,445

 
106,681

 
106,402

Net income available for common stockholders
$
0.36

 
$
0.38

 
$
2.14

 
$
0.45

__________
(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
June 30,
 
Six Months Ended
June 30,
 
2020
 
2019
 
2020
 
2019
Earnings per Common Unit - basic:
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Net income
$
38,956

 
$
41,394

 
$
230,296

 
$
49,780

Net (income) attributable to noncontrolling interests in consolidated affiliates
(289
)
 
(306
)
 
(574
)
 
(622
)
Distributions on Preferred Units
(622
)
 
(622
)
 
(1,244
)
 
(1,244
)
Net income available for common unitholders
$
38,045

 
$
40,466

 
$
228,478

 
$
47,914

Denominator:
 
 
 
 
 
 
 
Denominator for basic earnings per Common Unit – weighted average units (1)
106,319

 
106,017

 
106,259

 
105,973

Net income available for common unitholders
$
0.36

 
$
0.38

 
$
2.15

 
$
0.45

Earnings per Common Unit - diluted:
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Net income
$
38,956

 
$
41,394

 
$
230,296

 
$
49,780

Net (income) attributable to noncontrolling interests in consolidated affiliates
(289
)
 
(306
)
 
(574
)
 
(622
)
Distributions on Preferred Units
(622
)
 
(622
)
 
(1,244
)
 
(1,244
)
Net income available for common unitholders
$
38,045

 
$
40,466

 
$
228,478

 
$
47,914

Denominator:
 
 
 
 
 
 
 
Denominator for basic earnings per Common Unit – weighted average units (1)
106,319

 
106,017

 
106,259

 
105,973

Add:
 
 
 
 
 
 
 
Stock options using the treasury method
2

 
19

 
13

 
20

Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions
106,321

 
106,036

 
106,272

 
105,993

Net income available for common unitholders
$
0.36

 
$
0.38

 
$
2.15

 
$
0.45

__________
(1)
Includes all unvested restricted stock where distributions on such restricted stock are non-forfeitable.