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Earnings Per Share
6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
A portion of the Company's non-vested share-based payment awards are considered participating securities and as such, the Company is required to use the two-class method for the computation of basic and diluted earnings per share. Under the two-class computation method, net losses are not allocated to participating securities unless the holder of the security has a contractual obligation to share in the losses. The non-vested share-based payment awards are not allocated losses as the awards do not have a contractual obligation to share in losses of the Company.
The following is a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for the three and six months ended June 30, 2023 and 2022:
 Three Months Ended June 30,Six Months Ended June 30,
 2023202220232022
BASIC  
Net income (loss) attributable to common shareholders$(9,683)$39,667 $(161)$48,665 
Weighted-average number of common shares outstanding - basic
290,186,934 283,568,078 290,134,015 283,604,072 
 
Net income (loss) attributable to common shareholders - per common share basic$(0.03)$0.14 $— $0.17 
DILUTED
Net income (loss) attributable to common shareholders - basic$(9,683)$39,667 $(161)$48,665 
Impact of assumed conversions
(81)47 (77)136 
Net income (loss) attributable to common shareholders$(9,764)$39,714 $(238)$48,801 
Weighted-average common shares outstanding - basic
290,186,934 283,568,078 290,134,015 283,604,072 
Effect of dilutive securities:
Unvested share-based payment awards— 257,371 — 668,130 
Shares issuable under forward sales agreements
— 750,944 — 2,549,683 
Operating partnership units828,603 860,048 830,335 865,512 
Weighted-average common shares outstanding - diluted
291,015,537 285,436,441 290,964,350 287,687,397 
Net income (loss) attributable to common shareholders - per common share diluted$(0.03)$0.14 $— $0.17 
For per common share amounts, generally all incremental shares are considered anti-dilutive for periods that have a loss from continuing operations attributable to common shareholders. In addition, other common share equivalents may be anti-dilutive in certain periods.
Calculation of dilutive earnings requires certain potentially dilutive shares to be excluded when the inclusion of such shares would be anti-dilutive. The following table summarizes the potentially dilutive shares excluded from the dilutive earnings per share calculation as inclusion of such shares would be anti-dilutive:
 Three Months Ended June 30,Six Months Ended June 30,
 2023202220232022
Unvested share-based payment awards135,172 10,140 131,522 34,762 
Preferred shares - Series C
4,710,570 4,710,570 4,710,570 4,710,570