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Earnings Per Share
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
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 September 30,Nine Months Ended September 30,
20242023202462023
Numerator:
Net income attributable to common stockholders$23,978 $24,818 $51,928 $68,031 
Denominator:
Weighted-average number of common shares outstanding—basic209,339,807 211,490,571 210,729,779 211,525,596 
Effect of dilutive securities:
Unvested restricted common stock135,553 359,711 125,819 278,217 
Shares related to unvested PSUs732,721 354,707 744,516 325,899 
Weighted-average number of common shares outstanding—diluted210,208,081 212,204,989 211,600,114 212,129,712 
Earnings per share:
Earnings per share available to common stockholders—basic$0.11 $0.12 $0.25 $0.32 
Earnings per share available to common stockholders—diluted$0.11 $0.12 $0.25 $0.32 
The common OP units held by the noncontrolling interest holders have been excluded from the denominator of the basic and 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.