Numerator:

Net income attributable to controlling interests

$

102,845

$

135,597

Preferred stock and preferred unit dividends and discount accretion

(25,198

)

(25,076

)

Net income attributable to common shareholders—basic

77,647

110,521

Effect of dilutive preferred stock dividends and discount accretion

2,400

Net income attributable to common shareholders—diluted

$

80,047

$

112,921

Denominator:

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

14,504

14,629

Effect of dilutive stock compensation arrangements and exchange of preferred stock

4,378

4,747

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

18,882

19,376

Net income attributable to common shareholders per share—basic

$

5.35

$

7.55

Net income attributable to common shareholders per share—diluted

$

4.24

$

5.83