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EARNINGS PER SHARE AND UNIT AND SHAREHOLDERS' EQUITY AND CAPITAL (Tables) | 9 Months Ended
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Sep. 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 September 30, | ​ | Nine Months Ended September 30,
​ | ​ | 2022 | ​ | 2021 | ​ | 2022 | ​ | 2021
​ | ​ | (dollars and units in thousands, except per share amounts)
Net income |  | $ | 113,440 |  | $ | 90,569 | ​ | $ | 210,300 | ​ | $ | 184,250
Noncontrolling interests in the Operating Partnership | ​ |  | (733) | ​ |  | (3,149) | ​ |  | (1,404) | ​ |  | (6,466)
Noncontrolling interest in subsidiaries | ​ |  | 181 | ​ |  | 230 | ​ |  | 505 | ​ |  | 350
Net income attributable to the Company’s common shareholders | ​ | $ | 112,888 | ​ | $ | 87,650 | ​ | $ | 209,401 | ​ | $ | 178,134
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average basic shares outstanding | ​ |  | 225,023 | ​ |  | 202,194 | ​ |  | 224,883 | ​ |  | 200,934
Share options and restricted share units | ​ |  | 943 | ​ |  | 1,603 | ​ |  | 998 | ​ |  | 1,357
Weighted average diluted shares outstanding (1) | ​ |  | 225,966 | ​ |  | 203,797 | ​ |  | 225,881 | ​ |  | 202,291
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic earnings per share attributable to common shareholders | ​ | $ | 0.50 | ​ | $ | 0.43 | ​ | $ | 0.93 | ​ | $ | 0.89
Diluted earnings per share attributable to common shareholders (2) | ​ | $ | 0.50 | ​ | $ | 0.43 | ​ | $ | 0.93 | ​ | $ | 0.88
​ 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 September 30, | ​ | Nine Months Ended September 30,
​ | ​ | 2022 | ​ | 2021 | ​ | 2022 | ​ | 2021
​ | ​ | (dollars and units in thousands, except per unit amounts)
Net income |  | $ | 113,440 |  | $ | 90,569 | ​ | $ | 210,300 | ​ | $ | 184,250
Operating Partnership interests of third parties | ​ |  | (733) | ​ |  | (3,149) | ​ |  | (1,404) | ​ |  | (6,466)
Noncontrolling interest in subsidiaries | ​ |  | 181 | ​ |  | 230 | ​ |  | 505 | ​ |  | 350
Net income attributable to common unitholders | ​ | $ | 112,888 | ​ | $ | 87,650 | ​ | $ | 209,401 | ​ | $ | 178,134
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average basic units outstanding | ​ |  | 225,023 | ​ |  | 202,194 | ​ |  | 224,883 | ​ |  | 200,934
Unit options and restricted share units | ​ |  | 943 | ​ |  | 1,603 | ​ |  | 998 | ​ |  | 1,357
Weighted average diluted units outstanding (1) | ​ |  | 225,966 | ​ |  | 203,797 | ​ |  | 225,881 | ​ |  | 202,291
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic earnings per unit attributable to common unitholders | ​ | $ | 0.50 | ​ | $ | 0.43 | ​ | $ | 0.93 | ​ | $ | 0.89
Diluted earnings per unit attributable to common unitholders (2) | ​ | $ | 0.50 | ​ | $ | 0.43 | ​ | $ | 0.93 | ​ | $ | 0.88
​
| (1) | For the three and nine months ended September 30, 2022, the Company declared cash dividends per common share/unit of $0.43 and $1.29, respectively. For the three and nine months ended September 30, 2021, the Company declared cash dividends per common share/unit of $0.34 and $1.02, 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 nine months ended September 30, 2022. There were no anti-dilutive options for the three and nine months ended September 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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