Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2024

Schedule of computation of basic and diluted earnings per common share

The following table reconciles the numerators and denominators in the computation of basic and diluted earnings per share of common stock for the three and six months ended June 30, 2024 and 2023.


	Three months ended June 30,				Six months ended June 30,
Earnings Per Share (in thousands, except per share data)	2024		2023		2024		2023
Numerator
Net income attributable to common stockholders	$	59,737	$	51,553	$	96,317	$	100,966
Denominator
Weighted average common shares outstanding — basic	181,961		179,413		181,834		179,305
Effect of dilutive securities(1)
Share-based compensation	224		318		253		210
Shares issuable under forward sales agreements	—		7		1		3
Weighted average common shares outstanding — diluted	182,185		179,738		182,088		179,518
Net income per share — basic and diluted
Net income per share attributable to common stockholders — basic	$	0.33	$	0.29	$	0.53	$	0.56
Net income per share attributable to common stockholders — diluted	$	0.33	$	0.29	$	0.53	$	0.56

(1)During the three and six months ended June 30, 2024 and 2023, there were approximately 125, 144, 124 and 142 unvested restricted shares of common stock (on a weighted average basis), respectively, that were not included in the computation of diluted earnings per share because the allocation of income under the two-class method was more dilutive.