Earnings Per Share

6 Months Ended

Jun. 30, 2026

The following table reconciles the numerators and denominators in the computation of basic and diluted earnings per share of common stock for the three and six months ended June 30, 2026 and 2025.


	Three months ended June 30,				Six months ended June 30,
Earnings Per Share (in thousands, except per share data)	2026		2025		2026		2025
Numerator
Net income attributable to common stockholders	$	52,878	$	49,963	$	114,839	$	141,316
Denominator
Weighted average common shares outstanding — basic	191,180		186,535		191,088		186,502
Effect of dilutive securities(1)
Share-based compensation	152		375		197		332

Weighted average common shares outstanding — diluted	191,332		186,910		191,285		186,834
Net income per share — basic and diluted
Net income per share attributable to common stockholders — basic	$	0.28	$	0.27	$	0.60	$	0.76
Net income per share attributable to common stockholders — diluted	$	0.28	$	0.27	$	0.60	$	0.76

(1)During the three and six months ended June 30, 2026 and 2025, there were approximately 99, 114, 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.