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Earnings Per Common Share (Tables) | 9 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share, Basic and Diluted | The following table summarizes the average number of common shares and the net income used in the calculation of basic and diluted earnings per common share ($ in thousands, except share and per share amounts):
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Net income | $ | 28,242 |  |  | $ | 29,033 |  |  | $ | 93,852 |  |  | $ | 102,662 |
Add: net loss attributable to noncontrolling interests | 298 |  |  | 313 |  |  | 891 |  |  | 946 |
Net income attributable to stockholders | 28,540 |  |  | 29,346 |  |  | 94,743 |  |  | 103,608 |
Less: net income attributable to unvested restricted stock awards | (29) |  |  | (19) |  |  | (90) |  |  | (38) |
Net income attributable to common stockholders - basic and diluted | $ | 28,511 |  |  | $ | 29,327 |  |  | $ | 94,653 |  |  | $ | 103,570 |
BASIC: |  |  |  |  |  |  |
Weighted average common shares outstanding | 43,476,067 |  |  | 43,388,841 |  |  | 43,420,663 |  |  | 43,388,779 |
DILUTED: |  |  |  |  |  |  |
Weighted average common shares outstanding | 43,476,067 |  |  | 43,388,841 |  |  | 43,420,663 |  |  | 43,388,779 |
Stock options | 346,997 |  |  | — |  |  | 183,093 |  |  | 896 |
Forward equity sales agreements | 164,008 |  |  | — |  |  | 54,669 |  |  | — |
Weighted average dilutive common shares outstanding | 43,987,072 |  |  | 43,388,841 |  |  | 43,658,425 |  |  | 43,389,675 |
Earnings per common share - basic | $ | 0.66 |  |  | $ | 0.68 |  |  | $ | 2.18 |  |  | $ | 2.39 |
Earnings per common share - diluted | $ | 0.65 |  |  | $ | 0.68 |  |  | $ | 2.17 |  |  | $ | 2.39 |
Incremental anti-dilutive shares excluded: |  |  |  |  |  |  |
Net share effect of stock options with an exercise price in excess of the average market price for our common shares | 86,542 |  |  | 816,353 |  |  | 280,157 |  |  | 781,727 |
Regular dividends declared per common share | $ | 0.90 |  |  | $ | 0.90 |  |  | $ | 2.70 |  |  | $ | 2.70 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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