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Earnings Per Share | 9 Months Ended
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Sep. 30, 2025
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, 2025 and 2024:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
BASIC |  |  |  |  |  |  |
Net income attributable to common shareholders | $ | 34,616 |  |  | $ | 4,689 |  |  | $ | 79,345 |  |  | $ | 6,533 |
Weighted-average number of common shares outstanding - basic | 292,030,570 |  |  | 291,529,849 |  |  | 291,870,814 |  |  | 291,407,853 |
Net income attributable to common shareholders - per common share basic | $ | 0.12 |  |  | $ | 0.02 |  |  | $ | 0.27 |  |  | $ | 0.02 |
DILUTED |  |  |  |  |  |  |
Net income attributable to common shareholders - basic | $ | 34,616 |  |  | $ | 4,689 |  |  | $ | 79,345 |  |  | $ | 6,533 |
Weighted-average common shares outstanding - basic | 292,030,570 |  |  | 291,529,849 |  |  | 291,870,814 |  |  | 291,407,853 |
Effect of dilutive securities: |  |  |  |  |  |  |
Unvested share-based payment awards | 650,332 |  |  | 71,145 |  |  | 584,739 |  |  | 94,170 |
Weighted-average common shares outstanding - diluted | 292,680,902 |  |  | 291,600,994 |  |  | 292,455,553 |  |  | 291,502,023 |
Net income attributable to common shareholders - per common share diluted | $ | 0.12 |  |  | $ | 0.02 |  |  | $ | 0.27 |  |  | $ | 0.02 |
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,
| 2025 |  | 2024 |  | 2025 |  | 2024
Unvested participating securities | 6,729 |  |  | — |  |  | 6,254 |  |  | — |
Preferred shares - Series C | 4,710,570 |  |  | 4,710,570 |  |  | 4,710,570 |  |  | 4,710,570 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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