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EARNINGS PER SHARE OR UNIT (Tables)
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Earnings per Share, Basic and Diluted
The following summarizes the calculation of basic and diluted earnings per share for the Parent Company. We have omitted the calculation of basic and diluted earnings per unit since the dilutive securities for the Operating Partnership are the same as those for the Parent Company (dollars in thousands, except per share data):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024202320242023
Numerator:
Net income (loss) attributable to common shareholders –
basic and diluted
$16,729 $2,070 $(17,753)$39,519 
Denominator:
Weighted average common shares outstanding – basic219,665,836 219,381,248 219,596,590 219,323,570 
Effect of dilutive securities:
AO LTIP Units244,447 529,790 — 430,999 
Deferred common share units68,956 65,042 — 54,974 
Exchangeable Notes117,454 — — — 
Weighted average common shares outstanding – diluted220,096,693 219,976,080 219,596,590 219,809,543 
Net income (loss) per common share – basic$0.08 $0.01 $(0.08)$0.18 
Net income (loss) per common share – diluted$0.08 $0.01 $(0.08)$0.18