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Earnings per Share and Unit | 3 Months Ended
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Mar. 31, 2025
Earnings Per Share And Unit [Abstract] |
Earnings per Share and Unit |
11. | Earnings per Share and Unit
Parent Company Earnings per Share The following summarizes the calculation of basic and diluted earnings per shar e:
|  | Three months ended March 31, |
(in thousands, except per share data) |  | 2025 |  |  | 2024 |
Numerator: |  |  |  |  |  |
Net income attributable to common shareholders - basic |  | $ | 106,174 |  |  |  | 106,361 |
Net income attributable to common shareholders - diluted |  | $ | 106,174 |  |  |  | 106,361 |
Denominator: |  |  |  |  |  |
Weighted average common shares outstanding for basic EPS |  |  | 181,449 |  |  |  | 184,678 |
Weighted average common shares outstanding for diluted EPS (1) |  |  | 181,813 |  |  |  | 184,770 |
Net income per common share – basic |  | $ | 0.59 |  |  |  | 0.58 |
Net income per common share – diluted |  | $ | 0.58 |  |  |  | 0.58 |
(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 1,096,659 and 1,101,104 for the three months ended March 31, 2025 and 2024, respectively. Operating Partnership Earnings per Unit The following summarizes the calculation of basic and diluted earnings per uni t ("EPU"):
|  | Three months ended March 31, |
(in thousands, except per unit data) |  | 2025 |  |  | 2024 |
Numerator: |  |  |  |  |  |
Net income attributable to common unit holders - basic |  | $ | 106,816 |  |  |  | 107,003 |
Net income attributable to common unit holders - diluted |  | $ | 106,816 |  |  |  | 107,003 |
Denominator: |  |  |  |  |  |
Weighted average common units outstanding for basic EPU |  |  | 182,546 |  |  |  | 185,779 |
Weighted average common units outstanding for diluted EPU (1) |  |  | 182,910 |  |  |  | 185,872 |
Net income per common unit – basic |  | $ | 0.59 |  |  |  | 0.58 |
Net income per common unit – diluted |  | $ | 0.58 |  |  |  | 0.58 |
(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.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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