Earnings Per Share

6 Months Ended

Jun. 30, 2021

During the three and six months ended June 30, 2021 and 2020, there were 202,171, 200,501, 189,895 and 185,821, respectively, of unvested restricted shares of common stock on a weighted average basis that were considered participating securities.

The following table reconciles the numerators and denominators in the computation of basic and diluted earnings per common share for the three and six months ended June 30, 2021 and 2020.


	Three months ended June 30,				Six months ended June 30,
Earnings Per Share (in thousands, except per share data)	2021		2020		2021		2020
Numerator
Net income attributable to common stockholders	$	32,576	$	17,552	$	53,507	$	79,635
Denominator
Weighted average common shares outstanding — basic	159,736		148,663		159,086		148,116
Effect of dilutive securities(1)
Share-based compensation	584		364		467		225
Shares issuable under forward sales agreements	1,047		—		696		—
Weighted average common shares outstanding — diluted	161,367		149,027		160,249		148,341
Net income per share — basic and diluted
Net income per share attributable to common stockholders — basic	$	0.20	$	0.12	$	0.34	$	0.54
Net income per share attributable to common stockholders — diluted	$	0.20	$	0.12	$	0.33	$	0.54

(1)During the three and six months ended June 30, 2021 and 2020, there were approximately 202, 201, 190 and 186, unvested shares of restricted common stock, respectively, on a weighted average basis that were not included in the computation of diluted earnings per share because the allocation of income under the two-class method was more dilutive.