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Earnings Per Common Share (Tables) | 12 Months Ended
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Dec. 31, 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):
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Net income | $ | 136,639 |  |  | $ | 134,381 |  |  | $ | 65,501 |
Add: net loss attributable to noncontrolling interests | 1,346 |  |  | 1,273 |  |  | $ | 902 |
Net income attributable to stockholders | 137,985 |  |  | 135,654 |  |  | 66,403 |
Less: net income attributable to unvested restricted stock awards | (118) |  |  | (57) |  |  | — |
Net income attributable to common stockholders - basic and diluted | $ | 137,867 |  |  | $ | 135,597 |  |  | $ | 66,403 |
BASIC: |  |  |  |  |
Weighted average common shares outstanding | 43,844,771 |  |  | 43,388,794 |  |  | 44,774,708 |
DILUTED: |  |  |  |  |
Weighted average common shares outstanding | 43,844,771 |  |  | 43,388,794 |  |  | 44,774,708 |
Stock options | 184,416 |  |  | 672 |  |  | 19,528 |
Forward equity sales agreement | 73,449 |  |  | — |  |  | — |
Weighted average dilutive common shares outstanding | 44,102,636 |  |  | 43,389,466 |  |  | 44,794,236 |
Earnings per common share - basic | $ | 3.14 |  |  | $ | 3.13 |  |  | $ | 1.48 |
Earnings per common share - diluted | $ | 3.13 |  |  | $ | 3.13 |  |  | $ | 1.48 |
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 | 235,344 |  |  | 802,506 |  |  | 564,803 |
Regular dividends declared per common share | $ | 3.60 |  |  | $ | 3.60 |  |  | $ | 3.60 |

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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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