XML 21 R11.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Earnings Per Share ("EPS")
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Share ("EPS") Earnings Per Share ("EPS"):
The following table reconciles the numerator and denominator used in the computation of EPS for the three and six months ended June 30, 2024 and 2023 (shares in thousands):
 For the Three Months Ended June 30,For the Six Months Ended June 30,
 2024202320242023
Numerator    
Net income (loss)$265,499 $(14,406)$134,053 $(72,600)
Less: net income attributable to noncontrolling interests13,492 558 8,774 1,097 
Net income (loss) attributable to the Company252,007 (14,964)125,279 (73,697)
Allocation of earnings to participating securities(397)(213)(440)(438)
Numerator for basic and diluted EPS—net income (loss) attributable to common stockholders$251,610 $(15,177)$124,839 $(74,135)
Denominator    
Denominator for basic and diluted EPS—weighted average number of common shares outstanding(1)216,180 215,457 216,108 215,375 
EPS—net income (loss) attributable to common stockholders    
Basic and diluted$1.16 $(0.07)$0.58 $(0.34)
(1)    Diluted EPS excludes 99,565 convertible preferred units for each of the three months ended June 30, 2024 and 2023 and 99,565 convertible preferred partnership units for each of the six months ended June 30, 2024 and 2023, as their impact was antidilutive. Diluted EPS also excludes 10,090,429 and 8,985,493 Operating Partnership units ("OP Units") for the three months ended June 30, 2024 and 2023, respectively, and 10,097,546 and 8,982,075 OP Units for the six months ended June 30, 2024 and 2023, respectively, as their impact was antidilutive.