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Earnings Per Share
 12 Months Ended
Dec. 31, 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 each of the years in the three-year period ended December 31, 2024:
 202420232022
BASIC:   
Net income attributable to common shareholders
$37,922 $23,863 $107,307 
Weighted-average number of common shares outstanding
291,472,930 290,245,877 279,887,760 
Net income attributable to common shareholders - per common share basic
$0.13 $0.08 $0.38 

202420232022
DILUTED:
Net income attributable to common shareholders - basic
$37,922 $23,863 $107,307 
Impact of assumed conversions— (58)156 
Net income attributable to common shareholders
$37,922 $23,805 $107,463 
Weighted-average common shares outstanding - basic
291,472,930 290,245,877 279,887,760 
Effect of dilutive securities:
Unvested share-based payment awards and options87,063 127,251 457,597 
Shares issuable under forward sales agreements— — 1,274,842 
Operating Partnership Units— 820,386 853,259 
Weighted-average common shares outstanding - diluted
291,559,993 291,193,514 282,473,458 
Net income attributable to common shareholders - per common share diluted
$0.13 $0.08 $0.38 
For per common share amounts, 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 for each of the years in the three-year period ended December 31, 2024:
Years Ended December 31,
202420232022
Preferred shares - Series C4,710,570 4,710,570 4,710,570