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Earnings (Loss) Per Share
12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share Earnings (Loss) Per Share
The following table presents a reconciliation of basic and diluted earnings (loss) per share for the years ended December 31, 2024, 2023 and 2022:
For the Years Ended December 31,
202420232022
Net income (loss)$40,033 $(17,807)$120,659 
(Income) loss allocated to noncontrolling interest(742)580 (3,410)
Net income (loss) allocable to common shares39,291 (17,227)117,249 
Weighted-average shares outstanding—Basic224,798,958 224,414,443 221,965,460 
Dilutive securities785,348 — 1,154,477 
Weighted-average shares outstanding—Diluted225,584,306 224,414,443 223,119,937 
Earnings (loss) per share—Basic$0.17 $(0.08)$0.53 
Earnings (loss) per share—Diluted$0.17 $(0.08)$0.53 
Certain IROP units and shares deliverable under the forward sale agreement totaling 14,192,127 for the year ended December 31, 2024, and certain IROP units, PSUs, RSUs, restricted stock awards and shares deliverable under the forward sale agreement totaling 6,669,403 and 6,091,171 for the years ended December 31, 2023 and 2022, respectively, were excluded from the earnings per share computation because their effect would have been anti-dilutive.