Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of computation of basic and diluted earnings per common share

The following table reconciles the numerators and denominators in the computation of basic and diluted earnings per share of common stock for the three months ended March 31, 2024 and 2023.


	Three months ended March 31,
Earnings Per Share (in thousands, except per share data)	2024		2023
Numerator
Net income attributable to common stockholders	$	36,580	$	49,413
Denominator
Weighted average common shares outstanding — basic	181,708		179,196
Effect of dilutive securities(1)
Share-based compensation	281		101
Shares issuable under forward sales agreements	2		—
Weighted average common shares outstanding — diluted	181,991		179,297
Net income per share — basic and diluted
Net income per share attributable to common stockholders — basic	$	0.20	$	0.28
Net income per share attributable to common stockholders — diluted	$	0.20	$	0.28

(1)During the three months ended March 31, 2024 and 2023, there were approximately 124 and 139 unvested restricted shares of common stock (on a weighted average basis), respectively, that were not included in the computation of diluted earnings per share because the allocation of income under the two-class method was more dilutive.