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Earnings Per Common Share | 9 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
Earnings Per Common Share | Earnings Per Common Share The following table sets forth the computation of basic and diluted earnings per share of common stock (“Common Share”) for the quarters and nine months ended September 30, 2024 and 2023:
|  | Quarters Ended September 30, |  | Nine Months Ended September 30,
(amounts in thousands, except per share data) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Numerators: |  |  |  |  |  |  |  |
Net income available for Common Stockholders – Basic |  | $ | 82,821 |  |  | $ | 76,969 |  |  | $ | 271,023 |  |  | $ | 222,260 |
Amounts allocated to non controlling interest (dilutive securities) |  | 4,042 |  |  | 3,772 |  |  | 13,230 |  |  | 10,981 |
Net income available for Common Stockholders – Fully Diluted |  | $ | 86,863 |  |  | $ | 80,741 |  |  | $ | 284,253 |  |  | $ | 233,241 |
Denominators: |  |  |  |  |  |  |  |
Weighted average Common Shares outstanding – Basic |  | 186,327 |  |  | 186,100 |  |  | 186,311 |  |  | 186,008 |
Effect of dilutive securities: |  |  |  |  |  |  |  |
Exchange of Common OP Units for Common Shares |  | 9,105 |  |  | 9,235 |  |  | 9,105 |  |  | 9,246 |
Stock options and restricted stock |  | 78 |  |  | 105 |  |  | 91 |  |  | 160 |
Weighted average Common Shares outstanding and OP Units – Fully Diluted |  | 195,510 |  |  | 195,440 |  |  | 195,507 |  |  | 195,414 |
Earnings per Common Share – Basic |  | $ | 0.44 |  |  | $ | 0.41 |  |  | $ | 1.45 |  |  | $ | 1.19 |
Earnings per Common Share – Fully Diluted |  | $ | 0.44 |  |  | $ | 0.41 |  |  | $ | 1.45 |  |  | $ | 1.19 |

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