The following summarizes the calculation of basic and diluted earnings per share:


	Three months ended June 30,				Six months ended June 30,
(in thousands, except per share data)	2025		2024		2025		2024
Numerator:
Net income attributable to common shareholders - basic	$	102,608		99,255	$	208,782		205,616
Net income attributable to common shareholders - diluted	$	102,608		99,255	$	208,782		205,616
Denominator:
Weighted average common shares outstanding for basic EPS		181,543		183,703		181,497		184,188
Weighted average common shares outstanding for diluted EPS (1)		181,955		183,868		181,877		184,332
Net income per common share – basic	$	0.57		0.54	$	1.15		1.12
Net income per common share – diluted	$	0.56		0.54	$	1.15		1.12

(1)

Includes the dilutive impact of unvested restricted stock.

The effect of the assumed exchange of the EOP units and certain other exchangeable units had an anti-dilutive effect upon the calculation of net income attributable to the common shareholders per share. Accordingly, the impact of such assumed exchanges has not been included in the determination of diluted net income per share calculations. Weighted average EOP units outstanding were 1,067,844 and 1,099,516 for the three months ended June 30, 2025 and 2024, respectively, and 1,088,815 and 1,100,305 for the six months ended June 30, 2025 and 2024, respectively.

The following summarizes the calculation of basic and diluted earnings per unit ("EPU"):


	Three months ended June 30,				Six months ended June 30,
(in thousands, except per unit data)	2025		2024		2025		2024
Numerator:
Net income attributable to common unit holders - basic	$	103,194		99,856	$	210,010		206,859
Net income attributable to common unit holders - diluted	$	103,194		99,856	$	210,010		206,859
Denominator:
Weighted average common units outstanding for basic EPU		182,611		184,803		182,586		185,288
Weighted average common units outstanding for diluted EPU (1)		183,023		184,968		182,966		185,433
Net income per common unit – basic	$	0.57		0.54	$	1.15		1.12
Net income per common unit – diluted	$	0.56		0.54	$	1.15		1.12

(1)

Includes the dilutive impact of unvested restricted stock.

The effect of the assumed exchange of certain other exchangeable units had an anti-dilutive effect upon the calculation of net income attributable to the common unit holders per share. Accordingly, the impact of such assumed exchanges has not been included in the determination of diluted net income per unit calculations.