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EPS (Tables) | 9 Months Ended
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Sep. 30, 2025
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share, Basic and Diluted | The table below presents the calculation of basic and diluted EPS:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Numerator (In thousands): |  |  |  |  |  |  |
Net (loss) income attributable to common stockholders | $ | (10,854) |  |  | $ | 4,618 |  |  | $ | 23,111 |  |  | $ | 24,405 |
Allocation to participating securities: Unvested LTIP Units | (335) |  |  | (334) |  |  | (1,019) |  |  | (1,026) |
Net (loss) income attributable to common stockholders - basic and diluted | $ | (11,189) |  |  | $ | 4,284 |  |  | $ | 22,092 |  |  | $ | 23,379 |
Denominator (In thousands): |  |  |  |  |  |  |
Weighted average shares of common stock outstanding - basic and diluted(1) | 167,446 |  |  | 167,411 |  |  | 167,445 |  |  | 167,374 |
Net (loss) income per common share - basic and diluted | $ | (0.07) |  |  | $ | 0.03 |  |  | $ | 0.13 |  |  | $ | 0.14 |
____________________________________________________ (1) Outstanding OP Units and vested LTIP Units are not included in the denominator in calculating diluted EPS, even though they may be exchanged under certain conditions for common stock on a one-for-one basis, because their associated net income or loss (equal on a per unit basis to the Net income or loss per common share - diluted) was already deducted in calculating Net (loss) income attributable to common stockholders. Accordingly, any exchange would not have any effect on diluted EPS. The table below presents the weighted average OP Units and vested LTIP Units outstanding for the respective periods:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(In thousands) | 2025 |  | 2024 |  | 2025 |  | 2024
OP Units | 32,798 |  |  | 31,168 |  |  | 32,807 |  |  | 30,990 |
Vested LTIP Units | 2,738 |  |  | 2,509 |  |  | 2,716 |  |  | 2,695 |

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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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