| EARNINGS PER SHARE |
NOTE 19 – EARNINGS PER SHARE The following tables set forth the computation of basic and diluted earnings per share: | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | | (in thousands, except per share amounts) | Numerator: | | | | | | | | | | | | Net income | $ | 379,668 | | $ | 140,479 | | $ | 538,244 | | $ | 252,539 | Less: adjustments to basic numerator(1) | | (19,184) | | | (5,978) | | | (37,939) | | | (22,191) | Net income available to common stockholders – basic | $ | 360,484 | | $ | 134,501 | | $ | 500,305 | | $ | 230,348 | Add: net income attributable to OP Units | | 16,873 | | | 3,968 | | | 23,965 | | | 6,762 | Net income available to common stockholders – diluted | $ | 377,357 | | $ | 138,469 | | $ | 524,270 | | $ | 237,110 | Denominator: | | | | | | | | | | | | Denominator for basic earnings per share | | 298,848 | | | 291,188 | | | 297,952 | | | 287,101 | Effect of dilutive securities: | | | | | | | | | | | | Common stock equivalents | | 3,414 | | | 3,495 | | | 3,214 | | | 3,599 | Noncontrolling interest – Omega OP Units | | 13,988 | | | 8,563 | | | 14,524 | | | 8,387 | Denominator for diluted earnings per share | | 316,250 | | | 303,246 | | | 315,690 | | | 299,087 | | | | | | | | | | | | | Earnings per share – basic: | | | | | | | | | | | | Net income available to common stockholders | $ | 1.21 | | $ | 0.46 | | $ | 1.68 | | $ | 0.80 | Earnings per share – diluted: | | | | | | | | | | | | Net income available to common stockholders | $ | 1.19 | | $ | 0.46 | | $ | 1.66 | | $ | 0.79 |
| (1) | Includes adjustments to remove income related to non-controlling interests and participating shares including time-based and performance-based PIUs and time-based and performance-based RSUs. |
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