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Earnings Per Common Share (Tables) | 9 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
Schedule of Antidilutive Shares Excluded from Computation of Earnings Per Share | The following table presents the number of Common and Preferred Operating Partnership units as if converted into 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 September 30, |  | For the Nine Months Ended September 30, |  |
| 2024 |  | 2023 |  | 2024 |  | 2023 |  |  |  |
| Equivalent Shares (if converted) |  | Equivalent Shares (if converted) |  | Equivalent Shares (if converted) |  | Equivalent Shares (if converted) |  |  |  |
Common OP Units | — |  |  | 8,541,775 |  |  | — |  |  | 7,661,885 |  |  |  |  |
Series B Units | 198,887 |  |  | 250,061 |  |  | 218,529 |  |  | 228,029 |  |  |  |  |
Series D Units | 934,585 |  |  | 1,409,198 |  |  | 1,111,927 |  |  | 1,287,256 |  |  |  |  |
| 1,133,472 |  |  | 10,201,034 |  |  | 1,330,456 |  |  | 9,177,170 |  |  |  |  |
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 September 30, |  | For the Nine Months Ended September 30, |  |
| 2024 |  | 2023 |  | 2024 |  | 2023 |  |  |  |
Net income attributable to common stockholders | $ | 193,210 |  |  | $ | 188,350 |  |  | $ | 592,194 |  |  | $ | 587,064 |  |  |  |  |
Earnings and dividends allocated to participating securities | (392) |  |  | (304) |  |  | (1,141) |  |  | (931) |  |  |  |  |
Earnings for basic computations | 192,818 |  |  | 188,046 |  |  | 591,053 |  |  | 586,133 |  |  |  |  |
Income allocated to noncontrolling interest - Preferred Operating Partnership Units and Operating Partnership Units | 7,800 |  |  | — |  |  | 24,136 |  |  | — |  |  |  |  |
Net income for diluted computations | $ | 200,618 |  |  | $ | 188,046 |  |  | $ | 615,189 |  |  | $ | 586,133 |  |  |  |  |
Weighted average common shares outstanding: |  |  |  |  |  |  |  |  |  |  |
Average number of common shares outstanding - basic | 211,698,436 |  |  | 195,324,444 |  |  | 211,522,578 |  |  | 155,112,071 |  |  |  |  |
OP Units | 8,597,656 |  |  | — |  |  | 8,651,915 |  |  | — |  |  |  |  |
Shares related to dilutive stock options | 2,778 |  |  | 3,576 |  |  | 3,199 |  |  | 4,078 |  |  |  |  |
Average number of common shares outstanding - diluted | 220,298,870 |  |  | 195,328,020 |  |  | 220,177,692 |  |  | 155,116,149 |  |  |  |  |
Earnings per common share |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 0.91 |  |  | $ | 0.96 |  |  | $ | 2.79 |  |  | $ | 3.78 |  |  |  |  |
Diluted | $ | 0.91 |  |  | $ | 0.96 |  |  | $ | 2.79 |  |  | $ | 3.78 |  |  |  |  |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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