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Earnings Per Share | 3 Months Ended
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Mar. 31, 2026
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per 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, 2026 and 2025.
|  | Three months ended March 31, |  |
Earnings Per Share (in thousands, except per share data) |  | 2026 |  | 2025 |  |  |  |
Numerator |  |  |  |  |  |  |  |
Net income attributable to common stockholders |  | $ | 61,961 |  |  | $ | 91,340 |  |  |  |  |
Denominator |  |  |  |  |  |  |  |
Weighted average common shares outstanding — basic |  | 190,996 |  |  | 186,468 |  |  |  |  |
Effect of dilutive securities(1) |  |  |  |  |  |  |  |
Share-based compensation |  | 241 |  |  | 290 |  |  |  |  |
Shares issuable under forward sale agreements |  | 1 |  |  | — |  |  |  |  |
Weighted average common shares outstanding — diluted |  | 191,238 |  |  | 186,758 |  |  |  |  |
Net income per share — basic and diluted |  |  |  |  |  |  |  |
Net income per share attributable to common stockholders — basic |  | $ | 0.32 |  |  | $ | 0.49 |  |  |  |  |
Net income per share attributable to common stockholders — diluted |  | $ | 0.32 |  |  | $ | 0.49 |  |  |  |  |
(1)During the three months ended March 31, 2026 and 2025, there were approximately 99 and 115 unvested restricted shares of common stock (on a weighted average basis), respectively, that were considered participating securities for the purposes of computing earnings per share 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.

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