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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table provides a reconciliation of the numerator and denominator of the earnings per share calculations (in thousands, except per share amounts):
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Numerator:
Net income attributable to stockholders - basic
$11,602 $12,245 $44,543 $43,315 
Net income attributable to convertible OP units(1)
1,301 1,484 4,972 5,259 
Net income - diluted
$12,903 $13,729 $49,515 $48,574 
Denominator:
Weighted-average shares - basic122,527 118,292 122,380 117,610 
OP units(1)
13,685 14,042 13,705 14,171 
Dilutive restricted stock awards366 466 373 554 
Adjusted weighted-average shares - diluted136,578 132,800 136,458 132,335 
Earnings per common share:
Basic and diluted income per share
$0.09 $0.10 $0.36 $0.37 
(1)OP units include units that are convertible into common stock or cash, at the Operating Partnership’s option. The Operating Partnership income or loss attributable to these OP units, which is included as a component of Net Income Attributable to Noncontrolling Interests on the consolidated statements of operations, has been added back in the numerator as these OP units were included in the denominator for
all periods presented. OP units are allocated income on a consistent basis with the common stockholder and therefore have no dilutive impact to earnings per share of common stock.