| Schedule of Antidilutive Shares Excluded from Computation of Earnings Per Share |
The following table presents the number of weighted OP Units and Preferred OP Units, and the potential common shares, that were excluded from the computation of earnings per share as their effect would have been anti-dilutive: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended June 30, | | For the Six Months Ended June 30, | | | | 2026 | | 2025 | | 2026 | | 2025 | | | | | | Equivalent Shares (if converted) | | Equivalent Shares (if converted) | | Equivalent Shares (if converted) | | Equivalent Shares (if converted) | | | | | | Common OP Units | — | | | 9,363,113 | | | — | | | 9,366,391 | | | | | | | | | | | | | | | | | | | Series B Units | 234,857 | | | 230,693 | | | 236,462 | | | 226,003 | | | | | | | Series D Units | 99,768 | | | 139,234 | | | 104,887 | | | 171,186 | | | | | | | 334,625 | | | 9,733,040 | | | 341,349 | | | 9,763,580 | | | | | |
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| Schedule of Computation of Earnings Per Common Share |
The computation of earnings per common share is as follows for the periods presented: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended June 30, | | For the Six Months Ended June 30, | | | | 2026 | | 2025 | | 2026 | | 2025 | | | | | | Net income attributable to common stockholders | $ | 263,471 | | | $ | 249,731 | | | $ | 504,448 | | | $ | 520,606 | | | | | | | Earnings and dividends allocated to participating securities | (468) | | | (449) | | | (893) | | | (865) | | | | | | | Net income for basic computations | 263,003 | | | 249,282 | | | 503,555 | | | 519,741 | | | | | | | | | | | | | | | | | | | Income allocated to noncontrolling interest - Preferred OP Units and OP Units | 11,705 | | | — | | | 22,444 | | | — | | | | | | | | | | | | | | | | | | | Net income for diluted computations | $ | 274,708 | | | $ | 249,282 | | | $ | 525,999 | | | $ | 519,741 | | | | | | | | | | | | | | | | | | | Weighted average common shares outstanding: | | | | | | | | | | | | | Average number of common shares outstanding - basic | 210,962,128 | | | 211,940,903 | | | 210,929,737 | | | 211,895,586 | | | | | | | Common OP Units | 9,400,827 | | | — | | | 9,413,308 | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Average number of common shares outstanding - diluted | 220,362,955 | | | 211,940,903 | | | 220,343,045 | | | 211,895,586 | | | | | | | Earnings per common share | | | | | | | | | | | | | Basic | $ | 1.25 | | | $ | 1.18 | | | $ | 2.39 | | | $ | 2.45 | | | | | | | Diluted | $ | 1.25 | | | $ | 1.18 | | | $ | 2.39 | | | $ | 2.45 | | | | | |
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