Item 8.01. Other Events.
On
Three Months Twelve Months Ended Ended December 31, 2021 December 31, 2021 Weighted-average number of common shares outstanding 70,499,486 67,004,069 Less: Unvested restricted stock (201,827 ) (201,827 )
Weighted-average number of common shares outstanding used in basic earnings per share
70,297,659 66,802,242
Weighted-average number of common shares outstanding used in basic earnings per share
70,297,659 66,802,242 Effect of dilutive securities: Share-based compensation 118,299 118,460 2020 ATM forward equity offerings 77,838 153,200 2021 ATM forward equity offerings 58,605 50,757 December 2021 Forward Offering 57,681 14,420
Weighted-average number of common shares outstanding used in diluted earnings per share
70,610,082 67,139,079 Operating Partnership Units ("OP Units") 347,619 347,619
Weighted-average number of common shares and OP Units outstanding used in diluted earnings per share
70,957,701 67,486,698
To account for the potential dilution resulting from the forward equity
offerings on earnings per share calculations, the Company used the treasury
stock method to determine the dilution during the period of time prior to
settlement. The impact of the offerings on the Company's weighted-average
diluted shares for the three months ended
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