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EPS
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
EPS EPS
We calculate basic EPS by dividing the net (loss) income attributable to common stockholders for the period by the weighted average number of common shares outstanding during the period. We calculate diluted EPS by dividing the net (loss) income attributable to common stockholders for the period by the weighted average number of common shares and dilutive instruments outstanding during the period using the treasury stock method. We account for unvested LTIP awards that contain non-forfeitable rights to dividends as participating securities and include these securities in the computation of basic and diluted EPS using the two-class method. The table below presents the calculation of basic and diluted EPS:

 Three Months Ended September 30,Nine Months Ended September 30,
 2025202420252024
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 
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(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)2025202420252024
OP Units32,798 31,168 32,807 30,990 
Vested LTIP Units2,738 2,509 2,716 2,695