| Schedule of Earnings Per Unit, Basic and Diluted |
The following table provides a reconciliation of the numerator and denominator of the EPS calculations for the three and six months ended June 30, 2025 and 2024 (dollars in thousands, except per share data): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months
Ended June 30, | | 2025 | | 2024 | | 2025 | | 2024 | | Computation of Basic Earnings Per Share: | | | | | | | | | Net income | $ | 85,146 | | | $ | 70,125 | | | $ | 154,883 | | | $ | 159,030 | | | Net income attributable to non-controlling interests | (7) | | | — | | | (15) | | | — | | | Non-forfeitable dividends on unvested restricted shares | (186) | | | (184) | | | (346) | | | (343) | | | Net income attributable to the Company’s common stockholders for basic earnings per share | $ | 84,953 | | | $ | 69,941 | | | $ | 154,522 | | | $ | 158,687 | | | | | | | | | | | Weighted average number shares outstanding – basic | 306,975 | | | 302,197 | | | 306,923 | | | 302,120 | | | | | | | | | | | Basic earnings per share attributable to the Company’s common stockholders: | | | | | | | | | Net income per share | $ | 0.28 | | | $ | 0.23 | | | $ | 0.50 | | | $ | 0.53 | | | | | | | | | | | Computation of Diluted Earnings Per Share: | | | | | | | | | Net income attributable to the Company’s common stockholders for diluted earnings per share | $ | 84,953 | | | $ | 69,941 | | | $ | 154,522 | | | $ | 158,687 | | | | | | | | | | | Weighted average shares outstanding – basic | 306,975 | | | 302,197 | | | 306,923 | | | 302,120 | | | Effect of dilutive securities: | | | | | | | | | Equity awards | 634 | | | 706 | | | 624 | | | 676 | | | Weighted average shares outstanding – diluted | 307,609 | | | 302,903 | | | 307,547 | | | 302,796 | | | | | | | | | | | Diluted earnings per share attributable to the Company’s common stockholders: | | | | | | | | | Net income per share | $ | 0.28 | | | $ | 0.23 | | | $ | 0.50 | | | $ | 0.52 | |
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