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Earnings Per Share and Per Unit | 12 Months Ended
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Dec. 31, 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:
| Year Ended December 31,
| 2021 |  | 2020 |  | 2019
Earnings per Common Share - basic: |  |  |  |  |
Numerator: |  |  |  |  |
Net income | $ | 323,310 |  |  | $ | 357,914 |  |  | $ | 141,683 |
Net (income) attributable to noncontrolling interests in the Operating Partnership | (8,321) |  |  | (9,338) |  |  | (3,551) |
Net (income) attributable to noncontrolling interests in consolidated affiliates | (1,712) |  |  | (1,174) |  |  | (1,214) |
Dividends on Preferred Stock | (2,486) |  |  | (2,488) |  |  | (2,488) |
Net income available for common stockholders | $ | 310,791 |  |  | $ | 344,914 |  |  | $ | 134,430 |
Denominator: |  |  |  |  |
Denominator for basic earnings per Common Share – weighted average shares (1) | 104,232 |  |  | 103,876 |  |  | 103,692 |
Net income available for common stockholders | $ | 2.98 |  |  | $ | 3.32 |  |  | $ | 1.30 |
Earnings per Common Share - diluted: |  |  |  |  |
Numerator: |  |  |  |  |
Net income | $ | 323,310 |  |  | $ | 357,914 |  |  | $ | 141,683 |
Net (income) attributable to noncontrolling interests in consolidated affiliates | (1,712) |  |  | (1,174) |  |  | (1,214) |
Dividends on Preferred Stock | (2,486) |  |  | (2,488) |  |  | (2,488) |
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership | $ | 319,112 |  |  | $ | 354,252 |  |  | $ | 137,981 |
Denominator: |  |  |  |  |
Denominator for basic earnings per Common Share – weighted average shares (1) | 104,232 |  |  | 103,876 |  |  | 103,692 |
Add: |  |  |  |  |
Stock options using the treasury method | 18 |  |  | 8 |  |  | 22 |
Noncontrolling interests Common Units | 2,811 |  |  | 2,830 |  |  | 2,731 |
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions | 107,061 |  |  | 106,714 |  |  | 106,445 |
Net income available for common stockholders | $ | 2.98 |  |  | $ | 3.32 |  |  | $ | 1.30 |
__________ (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:
| Year Ended December 31,
| 2021 |  | 2020 |  | 2019
Earnings per Common Unit - basic: |  |  |  |  |
Numerator: |  |  |  |  |
Net income | $ | 323,310 |  |  | $ | 357,914 |  |  | $ | 141,683 |
Net (income) attributable to noncontrolling interests in consolidated affiliates | (1,712) |  |  | (1,174) |  |  | (1,214) |
Distributions on Preferred Units | (2,486) |  |  | (2,488) |  |  | (2,488) |
Net income available for common unitholders | $ | 319,112 |  |  | $ | 354,252 |  |  | $ | 137,981 |
Denominator: |  |  |  |  |
Denominator for basic earnings per Common Unit – weighted average units (1) | 106,634 |  |  | 106,297 |  |  | 106,014 |
Net income available for common unitholders | $ | 2.99 |  |  | $ | 3.33 |  |  | $ | 1.30 |
Earnings per Common Unit - diluted: |  |  |  |  |
Numerator: |  |  |  |  |
Net income | $ | 323,310 |  |  | $ | 357,914 |  |  | $ | 141,683 |
Net (income) attributable to noncontrolling interests in consolidated affiliates | (1,712) |  |  | (1,174) |  |  | (1,214) |
Distributions on Preferred Units | (2,486) |  |  | (2,488) |  |  | (2,488) |
Net income available for common unitholders | $ | 319,112 |  |  | $ | 354,252 |  |  | $ | 137,981 |
Denominator: |  |  |  |  |
Denominator for basic earnings per Common Unit – weighted average units (1) | 106,634 |  |  | 106,297 |  |  | 106,014 |
Add: |  |  |  |  |
Stock options using the treasury method | 18 |  |  | 8 |  |  | 22 |
Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions | 106,652 |  |  | 106,305 |  |  | 106,036 |
Net income available for common unitholders | $ | 2.99 |  |  | $ | 3.33 |  |  | $ | 1.30 |
__________ (1)Includes all unvested restricted stock where distributions on such restricted stock are non-forfeitable.

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