Basic and fully diluted earnings per share are based on the weighted average shares outstanding during each period. The following table sets forth the computation of basic and diluted earnings per share of common stock (“Common Share”):


	For the Quarters Ended June 30,				For the Six Months Ended June 30,
(amounts in thousands, except per share data)	2026		2025		2026		2025
Numerators:
Net income available for Common Stockholders – Basic	$	96,316	$	79,708	$	204,220	$	188,900
Amounts allocated to non-controlling interests (dilutive securities)	3,194		3,777		6,781		8,978
Net income available for Common Stockholders – Fully Diluted	$	99,510	$	83,485	$	211,001	$	197,878
Denominators:
Weighted average Common Shares outstanding – Basic	193,727		190,992		193,702		190,958
Effect of dilutive securities:
Exchange of Common OP Units for Common Shares	6,437		9,068		6,442		9,086
Stock options and restricted stock	45		35		49		40
Weighted average Common Shares outstanding and OP Units – Fully Diluted	200,209		200,095		200,193		200,084

Earnings per Common Share – Basic	$	0.50	$	0.42	$	1.05	$	0.99

Earnings per Common Share – Fully Diluted	$	0.50	$	0.42	$	1.05	$	0.99