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Equity (Tables)

3 Months Ended

Mar. 31, 2023

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 15, 2023		$	0.40		January 3, 2023		$	0.3984375		$	0.390625		$	0.390625
					March 31, 2023		$	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 is as follows ($ in thousands, except share and per share data):


		Three Months Ended March 31,
		2023						2022
		Basic			Diluted			Basic			Diluted
Net income attributable to common stockholders (1)		$	84,319		$	84,319		$	64,057		$	64,057
Net income attributable to noncontrolling interest (2)			—			7,585			—			6,816
Interest expense on convertible notes			—			6,081			—			3,995
Net income attributable to common stockholders and noncontrolling interest		$	84,319		$	97,985		$	64,057		$	74,868
Weighted average shares outstanding			181,116,674			181,116,674			153,420,238			153,420,238
Dilutive effect of OP Units (2)			—			16,293,589			—			16,325,095
Dilutive effect of convertible notes			—			17,230,358			—			15,111,154
Dilutive effect of restricted stock units (3)			—			270,353			—			574,917
Weighted average shares outstanding			181,116,674			214,910,974			153,420,238			185,431,404
Net income per common share (1)		$	0.47		$	0.46		$	0.42		$	0.40

(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)	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.