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Earnings Per Share and Per Unit | 3 Months Ended
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Mar. 31, 2023
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 March 31,
|  |  |  |  | 2023 |  | 2022
Earnings per Common Share - basic: |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income |  |  |  |  | $ | 44,954 |  |  | $ | 42,103 |
Net (income) attributable to noncontrolling interests in the Operating Partnership |  |  |  |  | (986) |  |  | (965) |
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates |  |  |  |  | 487 |  |  | (257) |
Dividends on Preferred Stock |  |  |  |  | (621) |  |  | (621) |
Net income available for common stockholders |  |  |  |  | $ | 43,834 |  |  | $ | 40,260 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per Common Share – weighted average shares (1) |  |  |  |  | 105,288 |  |  | 104,933 |
Net income available for common stockholders |  |  |  |  | $ | 0.42 |  |  | $ | 0.38 |
Earnings per Common Share - diluted: |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income |  |  |  |  | $ | 44,954 |  |  | $ | 42,103 |
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates |  |  |  |  | 487 |  |  | (257) |
Dividends on Preferred Stock |  |  |  |  | (621) |  |  | (621) |
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership |  |  |  |  | $ | 44,820 |  |  | $ | 41,225 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per Common Share – weighted average shares (1) |  |  |  |  | 105,288 |  |  | 104,933 |
Add: |  |  |  |  |  |  |
Stock options using the treasury method |  |  |  |  | — |  |  | 15 |
Noncontrolling interests Common Units |  |  |  |  | 2,358 |  |  | 2,505 |
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions |  |  |  |  | 107,646 |  |  | 107,453 |
Net income available for common stockholders |  |  |  |  | $ | 0.42 |  |  | $ | 0.38 |
__________ (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 March 31,
|  |  |  |  | 2023 |  | 2022
Earnings per Common Unit - basic: |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income |  |  |  |  | $ | 44,954 |  |  | $ | 42,103 |
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates |  |  |  |  | 487 |  |  | (257) |
Distributions on Preferred Units |  |  |  |  | (621) |  |  | (621) |
Net income available for common unitholders |  |  |  |  | $ | 44,820 |  |  | $ | 41,225 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per Common Unit – weighted average units (1) |  |  |  |  | 107,237 |  |  | 107,029 |
Net income available for common unitholders |  |  |  |  | $ | 0.42 |  |  | $ | 0.39 |
Earnings per Common Unit - diluted: |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income |  |  |  |  | $ | 44,954 |  |  | $ | 42,103 |
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates |  |  |  |  | 487 |  |  | (257) |
Distributions on Preferred Units |  |  |  |  | (621) |  |  | (621) |
Net income available for common unitholders |  |  |  |  | $ | 44,820 |  |  | $ | 41,225 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per Common Unit – weighted average units (1) |  |  |  |  | 107,237 |  |  | 107,029 |
Add: |  |  |  |  |  |  |
Stock options using the treasury method |  |  |  |  | — |  |  | 15 |
Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions |  |  |  |  | 107,237 |  |  | 107,044 |
Net income available for common unitholders |  |  |  |  | $ | 0.42 |  |  | $ | 0.39 |
__________ (1)Includes all unvested restricted stock where distributions on such restricted stock are non-forfeitable .

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