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EARNINGS PER SHARE
9 Months Ended
Sep. 30, 2025
Earnings per Share [Abstract]  
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 September 30, 

    

Nine Months Ended September 30, 

2025

    

2024

    

2025

    

2024

(in thousands, except per share amounts)

Numerator:

  

    

  

  

    

  

Net income

$

184,956

$

114,914

$

437,495

$

301,339

Less: adjustments to basic numerator(1)

 

(7,088)

 

(3,152)

(29,279)

 

(8,354)

Net income available to common stockholders – basic

$

177,868

$

111,762

$

408,216

$

292,985

Add: net income attributable to OP Units

 

5,342

 

3,297

12,104

 

8,796

Net income available to common stockholders – diluted

$

183,210

$

115,059

$

420,320

$

301,781

Denominator:

 

  

 

  

 

  

 

  

Denominator for basic earnings per share

 

295,827

 

262,720

 

290,057

 

252,719

Effect of dilutive securities:

 

 

 

 

Common stock equivalents

 

3,485

 

5,088

 

3,561

 

4,476

Noncontrolling interest – Omega OP Units

 

8,861

 

7,749

 

8,547

 

7,590

Denominator for diluted earnings per share

 

308,173

 

275,557

 

302,165

 

264,785

Earnings per share – basic:

 

  

 

  

 

  

 

  

Net income available to common stockholders

$

0.60

$

0.43

$

1.41

$

1.16

Earnings per share – diluted:

 

 

 

 

Net income available to common stockholders

$

0.59

$

0.42

$

1.39

$

1.14

(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.