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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Schedule of Earnings Per Unit, Basic and Diluted |
The following table provides a reconciliation of the numerator and denominator of the earnings per unit calculations for the three and six months ended June 30, 2025 and 2024 (dollars in thousands, except per unit data): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2025 | | 2024 | | 2025 | | 2024 | Computation of Basic Earnings Per Unit: | | | | | | | | 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 units | (186) | | | (184) | | | (346) | | | (343) | | Net income attributable to the Operating Partnership’s common units for basic earnings per unit | $ | 84,953 | | | $ | 69,941 | | | $ | 154,522 | | | $ | 158,687 | | | | | | | | | | Weighted average number common units outstanding – basic | 306,975 | | | 302,197 | | | 306,923 | | | 302,120 | | | | | | | | | | Basic earnings per unit attributable to the Operating Partnership’s common units: | | | | | | | | Net income per unit | $ | 0.28 | | | $ | 0.23 | | | $ | 0.50 | | | $ | 0.53 | | | | | | | | | | Computation of Diluted Earnings Per Unit: | | | | | | | | Net income attributable to the Operating Partnership’s common units for diluted earnings per unit | $ | 84,953 | | | $ | 69,941 | | | $ | 154,522 | | | $ | 158,687 | | | | | | | | | | Weighted average common units outstanding – basic | 306,975 | | | 302,197 | | | 306,923 | | | 302,120 | | Effect of dilutive securities: | | | | | | | | Equity awards | 634 | | | 706 | | | 624 | | | 676 | | Weighted average common units outstanding – diluted | 307,609 | | | 302,903 | | | 307,547 | | | 302,796 | | | | | | | | | | Diluted earnings per unit attributable to the Operating Partnership’s common units: | | | | | | | | Net income per unit | $ | 0.28 | | | $ | 0.23 | | | $ | 0.50 | | | $ | 0.52 | |
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