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EARNINGS PER SHARE (Tables) | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Computation of Basic and Diluted Earnings Per Common Share | The following table shows the amounts used in computing our basic and diluted earnings per share (in thousands, except per share amounts):
| For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Numerator for basic and diluted earnings per share: |  |  |  |  |  |  |
Net income | $ | 71,462 |  |  | $ | 21,168 |  |  | $ | 119,818 |  |  | $ | 8,628 |
Net income attributable to noncontrolling interests | 3,198 |  |  | 1,781 |  |  | 4,686 |  |  | 3,553 |
Net income attributable to common stockholders | $ | 68,264 |  |  | $ | 19,387 |  |  | $ | 115,132 |  |  | $ | 5,075 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per share—weighted average shares | 452,583 |  |  | 408,097 |  |  | 446,314 |  |  | 405,747 |
Effect of dilutive securities: |  |  |  |  |  |  |
Restricted stock awards | 504 |  |  | 308 |  |  | 550 |  |  | 293 |
OP unitholder interests | 3,380 |  |  | 3,418 |  |  | 3,390 |  |  | 3,432 |
Exchangeable Notes | 2,535 |  |  | — |  |  | 2,378 |  |  | — |
Equity forward sales agreements | 86 |  |  | — |  |  | 368 |  |  | — |
Denominator for diluted earnings per share—adjusted weighted average shares | 459,088 |  |  | 411,823 |  |  | 453,000 |  |  | 409,472 |
Basic earnings per share: |  |  |  |  |  |  |
Net income | $ | 0.16 |  |  | $ | 0.05 |  |  | $ | 0.27 |  |  | $ | 0.02 |
Net income attributable to common stockholders | 0.15 |  |  | 0.05 |  |  | 0.26 |  |  | 0.01 |
Diluted earnings per share: |  |  |  |  |  |  |
Net income | $ | 0.16 |  |  | $ | 0.05 |  |  | $ | 0.26 |  |  | $ | 0.02 |
Net income attributable to common stockholders | 0.15 |  |  | 0.05 |  |  | 0.25 |  |  | 0.01 |

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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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