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Equity (Tables)
3 Months Ended
Mar. 31, 2024
Stockholders' Equity Note [Abstract]  
Schedule of Dividends Payable Dividends declared (on a per share basis) during the three months ended March 31, 2024 are as follows:
Common StockPreferred Stock
Dividend
Declaration DateDividendDeclaration DateSeries DSeries ESeries F
February 14, 2024$0.43 March 29, 2024$0.3984375 $0.390625 $0.390625 
Schedule of Earnings Per Share, Basic and Diluted
A reconciliation of the numerator and denominator of our basic and diluted EPS computations is as follows ($ in thousands, except share and per share data):
Three Months Ended March 31,
20242023
BasicDilutedBasicDiluted
Net income attributable to common stockholders (1)$57,873 $57,873 $84,319 $84,319 
Net income attributable to noncontrolling interest (2)— 4,997 — 7,585 
Interest expense on convertible notes — 6,084 — 6,081 
Net income attributable to common stockholders and noncontrolling interest$57,873 $68,954 $84,319 $97,985 
Weighted average shares outstanding188,710,390188,710,390181,116,674181,116,674
Dilutive effect of OP Units (2)16,293,58916,293,589
Dilutive effect of convertible notes17,414,54717,230,358
Dilutive effect of restricted stock units (3)507,550270,353
Weighted average shares outstanding 188,710,390222,926,076181,116,674214,910,974
Net income per common share (1)$0.31 $0.31 $0.47 $0.46 
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(1)Net of preferred stock dividends.
(2)We consider OP Units to be common stock equivalents as the holders have voting rights, the right to distributions and the right to redeem the OP Units for the cash value of a corresponding number of shares of common stock or a corresponding number of shares of common stock, at our election.
(3)Our chief executive officer was granted RSUs, which vest at the end of a 4-year performance period based upon our achievement of total stockholder return objectives.