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EARNINGS PER SHARE AND UNIT AND SHAREHOLDERS' EQUITY AND CAPITAL | 3 Months Ended
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Mar. 31, 2022
EARNINGS PER SHARE AND UNIT AND SHAREHOLDERS' EQUITY AND CAPITAL |
EARNINGS PER SHARE AND UNIT AND SHAREHOLDERS' EQUITY AND CAPITAL | 16. EARNINGS PER SHARE AND UNIT AND SHAREHOLDERS’ EQUITY AND CAPITAL ​ Earnings per common share and shareholders’ equity ​ The following is a summary of the elements used in calculating basic and diluted earnings per common share: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31,
​ | ​ | 2022 | ​ | 2021
​ | ​ | (dollars and units in thousands, except per share amounts)
Net income |  | $ | 38,266 |  | $ | 43,315
Noncontrolling interests in the Operating Partnership | ​ |  | (292) | ​ |  | (1,549)
Noncontrolling interest in subsidiaries | ​ |  | 181 | ​ |  | (34)
Net income attributable to the Company’s common shareholders | ​ | $ | 38,155 | ​ | $ | 41,732
​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average basic shares outstanding | ​ |  | 224,663 | ​ |  | 199,160
Share options and restricted share units | ​ |  | 1,074 | ​ |  | 1,073
Weighted average diluted shares outstanding (1) | ​ |  | 225,737 | ​ |  | 200,233
​ | ​ | ​ | ​ | ​ | ​ | ​
Basic earnings per share attributable to common shareholders | ​ | $ | 0.17 | ​ | $ | 0.21
Diluted earnings per share attributable to common shareholders (2) | ​ | $ | 0.17 | ​ | $ | 0.21
​ Earnings per common unit and capital ​ The following is a summary of the elements used in calculating basic and diluted earnings per common unit: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31,
​ | ​ | 2022 | ​ | 2021
​ | ​ | (dollars and units in thousands, except per unit amounts)
Net income |  | $ | 38,266 |  | $ | 43,315
Operating Partnership interests of third parties | ​ |  | (292) | ​ |  | (1,549)
Noncontrolling interest in subsidiaries | ​ |  | 181 | ​ |  | (34)
Net income attributable to common unitholders | ​ | $ | 38,155 | ​ | $ | 41,732
​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average basic units outstanding | ​ |  | 224,663 | ​ |  | 199,160
Unit options and restricted share units | ​ |  | 1,074 | ​ |  | 1,073
Weighted average diluted units outstanding (1) | ​ |  | 225,737 | ​ |  | 200,233
​ | ​ | ​ | ​ | ​ | ​ | ​
Basic earnings per unit attributable to common unitholders | ​ | $ | 0.17 | ​ | $ | 0.21
Diluted earnings per unit attributable to common unitholders (2) | ​ | $ | 0.17 | ​ | $ | 0.21
​
| (1) | For the three months ended March 31, 2022 and 2021, the Company declared cash dividends per common share/unit of $0.43 and $0.34, respectively.
​
| (2) | The amount of anti-dilutive options that were excluded from the computation of diluted earnings per share/unit for the three months ended March 31, 2022 was 0.3 million. There were no anti-dilutive options for the three months ended March 31, 2021.
​ The OP units and common units have essentially the same economic characteristics as they share equally in the total net income or loss and distributions of the Operating Partnership. An Operating Partnership unit may be redeemed for cash, or, at the Company’s option, common units on a one-for-one basis. Outstanding noncontrolling interest units in the Operating Partnership were 1,460,520 and 7,365,828 as of March 31, 2022 and 2021, respectively.

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- Definition This element represents the entire disclosure of earnings per share and shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). + References No definition available. + Details
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