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Earnings Per Share
9 Months Ended
Sep. 30, 2025
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”):
 Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Numerator:
Net income attributable to common stockholders (in thousands)$20,071 $23,978 $67,855 $51,928 
Denominator:
Weighted-average number of common shares outstanding—basic205,407,644 209,339,807 206,896,023 210,729,779 
Effect of dilutive securities:
Unvested restricted common stock186,459 135,553 187,326 125,819 
Shares related to unvested PSUs798,831 732,721 835,157 744,516 
Weighted-average number of common shares outstanding—diluted206,392,934 210,208,081 207,918,506 211,600,114 
Earnings per share:
Earnings per share available to common stockholders—basic$0.10 $0.11 $0.33 $0.25 
Earnings per share available to common stockholders—diluted$0.10 $0.11 $0.33 $0.25 
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.