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EARNINGS PER SHARE AND UNIT AND SHAREHOLDERS' EQUITY AND CAPITAL (Tables) | 6 Months Ended
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Jun. 30, 2022
EARNINGS PER SHARE AND UNIT AND SHAREHOLDERS' EQUITY AND CAPITAL |
Summary of the elements used in calculating basic and diluted earnings per common share | 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 June 30, | ​ | Six Months Ended June 30,
​ | ​ | 2022 | ​ | 2021 | ​ | 2022 | ​ | 2021
​ | ​ | (dollars and units in thousands, except per share amounts)
Net income |  | $ | 58,594 |  | $ | 50,366 | ​ | $ | 96,860 | ​ | $ | 93,681
Noncontrolling interests in the Operating Partnership | ​ |  | (379) | ​ |  | (1,768) | ​ |  | (671) | ​ |  | (3,317)
Noncontrolling interest in subsidiaries | ​ |  | 143 | ​ |  | 154 | ​ |  | 324 | ​ |  | 120
Net income attributable to the Company’s common shareholders | ​ | $ | 58,358 | ​ | $ | 48,752 | ​ | $ | 96,513 | ​ | $ | 90,484
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average basic shares outstanding | ​ |  | 224,960 | ​ |  | 201,414 | ​ |  | 224,812 | ​ |  | 200,293
Share options and restricted share units | ​ |  | 935 | ​ |  | 1,395 | ​ |  | 1,008 | ​ |  | 1,234
Weighted average diluted shares outstanding (1) | ​ |  | 225,895 | ​ |  | 202,809 | ​ |  | 225,820 | ​ |  | 201,527
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic earnings per share attributable to common shareholders | ​ | $ | 0.26 | ​ | $ | 0.24 | ​ | $ | 0.43 | ​ | $ | 0.45
Diluted earnings per share attributable to common shareholders (2) | ​ | $ | 0.26 | ​ | $ | 0.24 | ​ | $ | 0.43 | ​ | $ | 0.45
​ 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 June 30, | ​ | Six Months Ended June 30,
​ | ​ | 2022 | ​ | 2021 | ​ | 2022 | ​ | 2021
​ | ​ | (dollars and units in thousands, except per unit amounts)
Net income |  | $ | 58,594 |  | $ | 50,366 | ​ | $ | 96,860 | ​ | $ | 93,681
Operating Partnership interests of third parties | ​ |  | (379) | ​ |  | (1,768) | ​ |  | (671) | ​ |  | (3,317)
Noncontrolling interest in subsidiaries | ​ |  | 143 | ​ |  | 154 | ​ |  | 324 | ​ |  | 120
Net income attributable to common unitholders | ​ | $ | 58,358 | ​ | $ | 48,752 | ​ | $ | 96,513 | ​ | $ | 90,484
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average basic units outstanding | ​ |  | 224,960 | ​ |  | 201,414 | ​ |  | 224,812 | ​ |  | 200,293
Unit options and restricted share units | ​ |  | 935 | ​ |  | 1,395 | ​ |  | 1,008 | ​ |  | 1,234
Weighted average diluted units outstanding (1) | ​ |  | 225,895 | ​ |  | 202,809 | ​ |  | 225,820 | ​ |  | 201,527
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic earnings per unit attributable to common unitholders | ​ | $ | 0.26 | ​ | $ | 0.24 | ​ | $ | 0.43 | ​ | $ | 0.45
Diluted earnings per unit attributable to common unitholders (2) | ​ | $ | 0.26 | ​ | $ | 0.24 | ​ | $ | 0.43 | ​ | $ | 0.45
​
| (1) | For the three and six months ended June 30, 2022, the Company declared cash dividends per common share/unit of $0.43 and $0.86, respectively. For the three and six months ended June 30, 2021, the Company declared cash dividends per common share/unit of $0.34 and $0.68, respectively.
​
| (2) | The amount of anti-dilutive options that were excluded from the computation of diluted earnings per share/unit was 0.3 million for both the three and six months ended June 30, 2022. There were no anti-dilutive options for the three and six months ended June 30, 2021.
​

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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