December 31,

2022

2021

2020

Numerator:

Net income attributable to controlling interests

$

135,597

$

177,902

$

94,120

Preferred stock and preferred unit dividends and accretion

(25,076

)

(22,363

)

(17,070

)

Net income attributable to common shareholders—basic

110,521

155,539

77,050

Effect of dilutive preferred stock dividends and accretion

2,400

Net income attributable to common shareholders—diluted

$

112,921

$

157,939

$

79,450

Denominator:

Basic (including unvested share-based payment awards) (1)

14,629

15,074

14,486

Effect of dilutive stock compensation arrangements and exchange of preferred stock

4,747

5,824

5,616

Diluted (including unvested share-based payment awards) (1)

19,376

20,898

20,102

Net income attributable to common shareholders per share—basic

$

7.55

$

10.32

$

5.32

Net income attributable to common shareholders per share—diluted

$

5.83

$

7.56

$

3.95