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Earnings Per Share
9 Months Ended
Sep. 30, 2024
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 nine months ended September 30, 2024 and 2023:
 Three Months Ended September 30,Nine Months Ended September 30,
 2024202320242023
BASIC  
Net income attributable to common shareholders$4,689 $11,039 $6,533 $10,878 
Weighted-average number of common shares outstanding - basic
291,529,849 290,291,609 291,407,853 290,187,124 
 
Net income attributable to common shareholders - per common share basic$0.02 $0.04 $0.02 $0.04 
DILUTED
Net income attributable to common shareholders - basic$4,689 $11,039 $6,533 $10,878 
Impact of assumed conversions
— 15 — (63)
Net income attributable to common shareholders$4,689 $11,054 $6,533 $10,815 
Weighted-average common shares outstanding - basic
291,529,849 290,291,609 291,407,853 290,187,124 
Effect of dilutive securities:
Unvested share-based payment awards71,145 136,054 94,170 133,032 
Operating partnership units— 825,342 — 828,653 
Weighted-average common shares outstanding - diluted
291,600,994 291,253,005 291,502,023 291,148,809 
Net income attributable to common shareholders - per common share diluted$0.02 $0.04 $0.02 $0.04 
For amounts per common share, 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 the inclusion of such shares would be anti-dilutive:
 Three Months Ended September 30,Nine Months Ended September 30,
 2024202320242023
Preferred shares - Series C
4,710,570 4,710,570 4,710,570 4,710,570