
	For the Three Months Ended June 30,	For the Six Months Ended June 30,

		2026		2025		2026		2025
(in thousands, except share and per share data)
Numerator:
Net income available to common stockholders — basic and diluted		$	218,172	$	140,665	$	377,972	$	306,182

Denominator:
Weighted average common shares outstanding — basic		592,411,226		613,048,193		599,166,723		612,913,649
Effect of dilutive securities:
Incremental shares attributed to non-vested share-based awards		86,578		213,711		161,403		398,992
Weighted average common shares outstanding — diluted		592,497,804		613,261,904		599,328,126		613,312,641

Net income per common share — basic		$	0.37	$	0.23	$	0.63	$	0.50
Net income per common share — diluted		$	0.37	$	0.23	$	0.63	$	0.50

Incremental shares attributed to non-vested share-based awards are excluded from the computation of diluted EPS when they are anti-dilutive. For the three months ended June 30, 2025, 376,639 incremental shares attributed to non-vested share-based awards are excluded from the denominator because they are anti-dilutive. There were no such incremental shares for three months ended June 30, 2026. For the six months ended June 30, 2026 and 2025, 64,870 and 423,974 incremental shares attributed to non-vested share-based awards, respectively, are excluded from the denominator because they are anti-dilutive.

For the three and six months ended June 30, 2026 and 2025, vested OP Units have been excluded from the computation of EPS because all income attributable to such vested OP Units has been recorded as non-controlling interest and thus excluded from net income available to common stockholders.