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Equity (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of dividends declared by the Company (on a per share basis)


Common Stock			Preferred Stock
				Dividend
Declaration Date	Dividend		Declaration Date	Series D		Series E		Series F
February 16, 2022	$	0.37	January 3, 2022	$	0.3984375	$	0.390625	$	0.46875
May 4, 2022	$	0.38	April 1, 2022	$	0.3984375	$	0.390625	$	0.390625
July 27, 2022	$	0.39	July 1, 2022	$	0.3984375	$	0.390625	$	0.390625
November 2, 2022	$	0.40	September 30, 2022	$	0.3984375	$	0.390625	$	0.390625

Schedule of reconciliation of the numerator and denominator of the basic and diluted EPS computations

A reconciliation of the numerator and denominator of our basic and diluted EPS computations ($ in thousands, except share and per share data) is as follows:


	Year Ended December 31,
	2022				2021				2020
	Basic		Diluted		Basic		Diluted		Basic		Diluted
Net income attributable to common stockholders (1)	$	284,829	$	284,829	$	317,412	$	317,412	$	163,395	$	163,395
Net income attributable to noncontrolling interest (2)		—		28,044		—		38,507		—		25,208
Interest expense on convertible notes (3)		—		20,166		—		—		—		—
Net income attributable to common stockholders and noncontrolling interest	$	284,829	$	333,039	$	317,412	$	355,919	$	163,395	$	188,603
Weighted average shares outstanding		165,355,167		165,355,167		137,830,691		137,830,691		113,811,471		113,811,471
Dilutive effect of OP Units (2)		—		16,304,638		—		16,818,722		—		19,395,691
Dilutive effect of convertible notes (3)		—		16,900,204		—		506,949		—		43,487
Dilutive effect of restricted stock units (4)		—		552,621		—		933,233		—		718,647
Weighted average shares outstanding		165,355,167		199,112,630		137,830,691		156,089,595		113,811,471		133,969,296
Net income per common share (1)	$	1.72	$	1.67	$	2.30	$	2.28	$	1.44	$	1.41

(1)	Net of preferred stock dividends.

(2)	We consider OP Units to be common stock equivalents as the holders have voting rights, the right to distributions and the right to redeem the OP Units for the cash value of a corresponding number of shares of common stock or a corresponding number of shares of common stock, at our election.

(3)

Beginning January 1, 2022, the effective date we adopted ASU 2020-06, we started utilizing the if-converted method of calculating EPS to reflect the impact of our convertible senior notes. For 2021 and 2020, the convertible senior notes impacted diluted EPS if the average price of our common stock exceeded the conversion price, as calculated in accordance with the terms of the indenture. See Note 2 for details.

(4)	Our chief executive officer was granted restricted stock units, which vest at the end of a four-year performance period based upon our achievement of total stockholder return objectives.