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Earnings per Share / Unit (Tables)
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Summary of Computation of Net Income per Share on Basic and Diluted Basis
The following table reflects the Company’s computation of net income per common share on a basic and diluted basis for the three and nine months ended September 30, 2024 and 2023 (amounts in thousands, except share and per share data):
For the Three Months Ended
September 30,		For the Nine Months Ended
September 30,
 2024202320242023
Numerator:    
Net income$87,640 $88,092 $324,269 $341,205 
Less:
Noncontrolling interest 10,333 10,493 38,559 41,140 
Dividends on preferred shares3,486 3,486 10,458 10,458 
Allocation to participating securities (1)
313 238 963 854 
Numerator for income per common share–basic and diluted$73,508 $73,875 $274,289 $288,753 
Denominator:
Weighted-average common shares outstanding–basic366,981,466 362,426,273 366,757,369 361,665,436 
Effect of dilutive securities:
Share-based compensation plan and forward sale equity contract (2)
619,170 498,659 537,610 455,692 
Weighted-average common shares outstanding–diluted (3)
367,600,636 362,924,932 367,294,979 362,121,128 
Net income per common share:
Basic$0.20 $0.20 $0.75 $0.80 
Diluted$0.20 $0.20 $0.75 $0.80 
(1)Unvested RSUs that have nonforfeitable rights to participate in dividends declared on common stock are accounted for as participating securities and reflected in the calculation of basic and diluted earnings per share using the two-class method.
(2)Reflects the effect of potentially dilutive securities issuable upon the assumed exercise of stock options and vesting of PSUs under the treasury stock method for the three and nine months ended September 30, 2024 and 2023 and the dilutive effect of a forward sale equity contract under the treasury stock method for the three and nine months ended September 30, 2024 (see Note 10. Shareholders’ Equity / Partners’ Capital).
(3)The effect of the potential conversion of OP units is not reflected in the computation of basic and diluted earnings per share as they are exchangeable for Class A common shares on a one-for-one basis. The income allocable to the OP units is allocated on this same basis and reflected as noncontrolling interest in the accompanying condensed consolidated financial statements. As such, the assumed conversion of the OP units would have no net impact on the determination of diluted earnings per share.
The following table reflects the Operating Partnership’s computation of net income per common unit on a basic and diluted basis for the three and nine months ended September 30, 2024 and 2023 (amounts in thousands, except unit and per unit data):
For the Three Months Ended
September 30,		For the Nine Months Ended
September 30,
 2024202320242023
Numerator:    
Net income$87,640 $88,092 $324,269 $341,205 
Less:
Preferred distributions3,486 3,486 10,458 10,458 
Allocation to participating securities (1)
313 238 963 854 
Numerator for income per common unit–basic and diluted$83,841 $84,368 $312,848 $329,893 
Denominator:
Weighted-average common units outstanding–basic418,358,446 413,803,253 418,134,349 413,042,416 
Effect of dilutive securities:
Share-based compensation plan and forward sale equity contract (2)
619,170 498,659 537,610 455,692 
Weighted-average common units outstanding–diluted418,977,616 414,301,912 418,671,959 413,498,108 
Net income per common unit:
Basic$0.20 $0.20 $0.75 $0.80 
Diluted$0.20 $0.20 $0.75 $0.80 
(1)Unvested RSUs that have nonforfeitable rights to participate in dividends declared on common stock are accounted for as participating securities and reflected in the calculation of basic and diluted earnings per unit using the two-class method.
(2)Reflects the effect of potentially dilutive securities issuable upon the assumed exercise of stock options and vesting of PSUs under the treasury stock method for the three and nine months ended September 30, 2024 and 2023 and the dilutive effect of a forward sale equity contract under the treasury stock method for the three and nine months ended September 30, 2024 (see Note 10. Shareholders’ Equity / Partners’ Capital).