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Earnings Per Share and Per Unit | 6 Months Ended
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Jun. 30, 2025
Earnings Per Share [Abstract] |
Earnings Per Share and Per Unit | Earnings Per Share and Per Unit The following table sets forth the computation of basic and diluted earnings per share of the Company:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Earnings per Common Share - basic: |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income | $ | 19,221 |  |  | $ | 64,770 |  |  | $ | 119,221 |  |  | $ | 91,983 |
Net (income) attributable to noncontrolling interests in the Operating Partnership | (365) |  |  | (1,281) |  |  | (2,321) |  |  | (1,814) |
Net loss attributable to noncontrolling interests in consolidated affiliates | — |  |  | 2 |  |  | 26 |  |  | 7 |
Dividends on Preferred Stock | (586) |  |  | (621) |  |  | (1,207) |  |  | (1,242) |
Net income available for common stockholders | $ | 18,270 |  |  | $ | 62,870 |  |  | $ | 115,719 |  |  | $ | 88,934 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per Common Share – weighted average shares (1) | 107,825 |  |  | 105,996 |  |  | 107,754 |  |  | 105,900 |
Net income available for common stockholders | $ | 0.17 |  |  | $ | 0.59 |  |  | $ | 1.07 |  |  | $ | 0.84 |
Earnings per Common Share - diluted: |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income | $ | 19,221 |  |  | $ | 64,770 |  |  | $ | 119,221 |  |  | $ | 91,983 |
Net loss attributable to noncontrolling interests in consolidated affiliates | — |  |  | 2 |  |  | 26 |  |  | 7 |
Dividends on Preferred Stock | (586) |  |  | (621) |  |  | (1,207) |  |  | (1,242) |
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership | $ | 18,635 |  |  | $ | 64,151 |  |  | $ | 118,040 |  |  | $ | 90,748 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per Common Share – weighted average shares (1) | 107,825 |  |  | 105,996 |  |  | 107,754 |  |  | 105,900 |
Add: |  |  |  |  |  |  |
Noncontrolling interests Common Units | 2,151 |  |  | 2,151 |  |  | 2,151 |  |  | 2,153 |
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions | 109,976 |  |  | 108,147 |  |  | 109,905 |  |  | 108,053 |
Net income available for common stockholders | $ | 0.17 |  |  | $ | 0.59 |  |  | $ | 1.07 |  |  | $ | 0.84 |
__________ (1)Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable. The following table sets forth the computation of basic and diluted earnings per unit of the Operating Partnership:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Earnings per Common Unit - basic: |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income | $ | 19,221 |  |  | $ | 64,770 |  |  | $ | 119,221 |  |  | $ | 91,983 |
Net loss attributable to noncontrolling interests in consolidated affiliates | — |  |  | 2 |  |  | 26 |  |  | 7 |
Distributions on Preferred Units | (586) |  |  | (621) |  |  | (1,207) |  |  | (1,242) |
Net income available for common unitholders | $ | 18,635 |  |  | $ | 64,151 |  |  | $ | 118,040 |  |  | $ | 90,748 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per Common Unit – weighted average units (1) | 109,567 |  |  | 107,738 |  |  | 109,496 |  |  | 107,644 |
Net income available for common unitholders | $ | 0.17 |  |  | $ | 0.60 |  |  | $ | 1.08 |  |  | $ | 0.84 |
Earnings per Common Unit - diluted: |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net income | $ | 19,221 |  |  | $ | 64,770 |  |  | $ | 119,221 |  |  | $ | 91,983 |
Net loss attributable to noncontrolling interests in consolidated affiliates | — |  |  | 2 |  |  | 26 |  |  | 7 |
Distributions on Preferred Units | (586) |  |  | (621) |  |  | (1,207) |  |  | (1,242) |
Net income available for common unitholders | $ | 18,635 |  |  | $ | 64,151 |  |  | $ | 118,040 |  |  | $ | 90,748 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per Common Unit – weighted average units (1) | 109,567 |  |  | 107,738 |  |  | 109,496 |  |  | 107,644 |
Net income available for common unitholders | $ | 0.17 |  |  | $ | 0.60 |  |  | $ | 1.08 |  |  | $ | 0.84 |
__________ (1)Includes all unvested restricted stock where distributions on such restricted stock are non-forfeitable.

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