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 September 30,				For the Nine Months Ended September 30,
(amounts in thousands, except per share data)	2026		2025		2026		2025
Numerators:
Net income available for Common Stockholders – Basic	$	86,425	$	97,130	$	290,645	$	286,030
Amounts allocated to non-controlling interests (dilutive securities)	2,825		3,233		9,606		12,211
Net income available for Common Stockholders – Fully Diluted	$	89,250	$	100,363	$	300,251	$	298,241
Denominators:
Weighted average Common Shares outstanding – Basic	193,825		193,004		193,743		191,640
Effect of dilutive securities:
Exchange of Common OP Units for Common Shares	6,348		7,065		6,411		8,412
Stock options and restricted stock	77		57		58		46
Weighted average Common Shares outstanding and OP Units – Fully Diluted	200,250		200,126		200,212		200,098

Earnings per Common Share – Basic	$	0.45	$	0.50	$	1.50	$	1.49

Earnings per Common Share – Fully Diluted	$	0.45	$	0.50	$	1.50	$	1.49