Earnings Per Share

3 Months Ended

Mar. 31, 2024

The following is a reconciliation of the calculation of basic and diluted earnings per share ("EPS") (in thousands, except share and per share data):


	Three Months Ended March 31,
	2024		2023
Numerator:
Net income attributable to common stockholders	$	5,874	$	6,702


Denominator:
Weighted-average number of common shares outstanding—basic	211,669,343		211,411,519
Effect of dilutive securities:
Unvested restricted common stock	218,366		197,410

Shares related to unvested PSUs	454,758		205,793
Weighted-average number of common shares outstanding—diluted	212,342,467		211,814,722
Earnings per share:
Earnings per share available to common stockholders—basic	$	0.03	$	0.03
Earnings per share available to common stockholders—diluted	$	0.03	$	0.03

The common OP units held by the noncontrolling interest holders have been excluded from the denominator of the diluted EPS calculation as there would be no effect on the amounts since the common OP units' share of income or loss would also be added or subtracted to derive net income available to common stockholders.