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EARNINGS PER SHARE (Tables)

6 Months Ended

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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- References

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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

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