XML 354 R20.htm IDEA: XBRL DOCUMENT v3.25.0.1
Earnings Per Share
12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
The following is a reconciliation of the calculation of basic and diluted EPS (in thousands, except share and per-share data):
 Years Ended December 31,
 202420232022
Numerator:  
Net income attributable to common stockholders$38,230 $76,523 $99,511 
Denominator:
Weighted-average number of common shares outstanding—basic210,286,342 211,518,826 212,423,873 
   Effect of dilutive securities:
Unvested restricted common stock152,158 340,981 323,435 
Shares related to unvested PSUs801,670 444,310 441,679 
Weighted-average number of common shares outstanding—diluted211,240,170 212,304,117 213,188,987 
Earnings per share:
Earnings per share available to common stockholders—basic$0.18 $0.36 $0.47 
Earnings per share available to common stockholders—diluted$0.18 $0.36 $0.47 

There were no unvested restricted common shares or PSUs excluded from the diluted weighted-average common shares outstanding for the year ended December 31, 2024, 2023, and 2022.
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 (loss) available to common stockholders.