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Earnings Per Share and Per Unit | 9 Months Ended
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Sep. 30, 2021
Earnings Per Share [Abstract] |
Earnings Per Share and Per Unit | Earnings Per Share and Per Unit The following table sets forth the computation of basic and diluted earnings per share of the Company:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Earnings per Common Share - basic: |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income | $ | 75,587 |  |  | $ | 42,331 |  |  | $ | 194,286 |  |  | $ | 272,627 |
Net (income) attributable to noncontrolling interests in the Operating Partnership | (1,967) |  |  | (1,107) |  |  | (5,084) |  |  | (7,084) |
Net (income) attributable to noncontrolling interests in consolidated affiliates | (894) |  |  | (298) |  |  | (1,469) |  |  | (872) |
Dividends on Preferred Stock | (621) |  |  | (622) |  |  | (1,864) |  |  | (1,866) |
Net income available for common stockholders | $ | 72,105 |  |  | $ | 40,304 |  |  | $ | 185,869 |  |  | $ | 262,805 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per Common Share – weighted average shares (1) | 104,277 |  |  | 103,896 |  |  | 104,117 |  |  | 103,865 |
Net income available for common stockholders | $ | 0.69 |  |  | $ | 0.39 |  |  | $ | 1.79 |  |  | $ | 2.53 |
Earnings per Common Share - diluted: |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income | $ | 75,587 |  |  | $ | 42,331 |  |  | $ | 194,286 |  |  | $ | 272,627 |
Net (income) attributable to noncontrolling interests in consolidated affiliates | (894) |  |  | (298) |  |  | (1,469) |  |  | (872) |
Dividends on Preferred Stock | (621) |  |  | (622) |  |  | (1,864) |  |  | (1,866) |
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership | $ | 74,072 |  |  | $ | 41,411 |  |  | $ | 190,953 |  |  | $ | 269,889 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per Common Share – weighted average shares (1) | 104,277 |  |  | 103,896 |  |  | 104,117 |  |  | 103,865 |
Add: |  |  |  |  |  |  |
Stock options using the treasury method | 25 |  |  | 2 |  |  | 17 |  |  | 10 |
Noncontrolling interests Common Units | 2,837 |  |  | 2,842 |  |  | 2,838 |  |  | 2,827 |
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions | 107,139 |  |  | 106,740 |  |  | 106,972 |  |  | 106,702 |
Net income available for common stockholders | $ | 0.69 |  |  | $ | 0.39 |  |  | $ | 1.79 |  |  | $ | 2.53 |
__________ (1)Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable. The following table sets forth the computation of basic and diluted earnings per unit of the Operating Partnership:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Earnings per Common Unit - basic: |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income | $ | 75,587 |  |  | $ | 42,331 |  |  | $ | 194,286 |  |  | $ | 272,627 |
Net (income) attributable to noncontrolling interests in consolidated affiliates | (894) |  |  | (298) |  |  | (1,469) |  |  | (872) |
Distributions on Preferred Units | (621) |  |  | (622) |  |  | (1,864) |  |  | (1,866) |
Net income available for common unitholders | $ | 74,072 |  |  | $ | 41,411 |  |  | $ | 190,953 |  |  | $ | 269,889 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per Common Unit – weighted average units (1) | 106,705 |  |  | 106,329 |  |  | 106,546 |  |  | 106,283 |
Net income available for common unitholders | $ | 0.69 |  |  | $ | 0.39 |  |  | $ | 1.79 |  |  | $ | 2.54 |
Earnings per Common Unit - diluted: |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income | $ | 75,587 |  |  | $ | 42,331 |  |  | $ | 194,286 |  |  | $ | 272,627 |
Net (income) attributable to noncontrolling interests in consolidated affiliates | (894) |  |  | (298) |  |  | (1,469) |  |  | (872) |
Distributions on Preferred Units | (621) |  |  | (622) |  |  | (1,864) |  |  | (1,866) |
Net income available for common unitholders | $ | 74,072 |  |  | $ | 41,411 |  |  | $ | 190,953 |  |  | $ | 269,889 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per Common Unit – weighted average units (1) | 106,705 |  |  | 106,329 |  |  | 106,546 |  |  | 106,283 |
Add: |  |  |  |  |  |  |
Stock options using the treasury method | 25 |  |  | 2 |  |  | 17 |  |  | 10 |
Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions | 106,730 |  |  | 106,331 |  |  | 106,563 |  |  | 106,293 |
Net income available for common unitholders | $ | 0.69 |  |  | $ | 0.39 |  |  | $ | 1.79 |  |  | $ | 2.54 |
__________ (1)Includes all unvested restricted stock where distributions on such restricted stock are non-forfeitable.

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