XML 60 R23.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Earnings (loss) per Share of Common Stock (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Earnings Per Share [Abstract] |
Schedule of Computation of Basic and Diluted Loss Per Share of Common Stock | The following tables set forth the computation of basic and diluted earnings (loss) per share of common stock for the years ended December 31, 2024, 2023 and 2022, respectively. The OP Units held by Non-controlling OP Unitholders (which may be redeemed for shares of common stock) have been excluded from the diluted earnings per share calculation, as there would be no effect on the amounts since the Non-controlling OP Unitholders’ share of income would also be added back to net income. Net income figures are presented net of such non-controlling interests in the earnings per share calculation. We computed basic earnings (loss) per share for the years ended December 31, 2024, 2023 and 2022, respectively, using the weighted average number of shares outstanding during the periods. Diluted earnings (loss) per share for the years ended December 31, 2024, 2023 and 2022, reflects additional shares of common stock related to our convertible Senior Common Stock, if the effect would be dilutive, that would have been outstanding if dilutive potential shares of common stock had been issued, as well as an adjustment to net income (loss) available (attributable) to common stockholders as applicable to common stockholders that would result from their assumed issuance (dollars in thousands, except per share amounts).
|  | For the year ended December 31,
|  | 2024 |  | 2023 |  | 2022
Calculation of basic earnings (loss) per share of common stock: |  |  |  |  |  |
Net income (loss) available (attributable) to common stockholders |  | $ | 11,124 |  |  | $ | (7,738) |  |  | $ | (1,529) |
Denominator for basic weighted average shares of common stock (1) |  | 41,766,263 |  |  | 39,943,167 |  |  | 38,950,734 |
Basic earnings (loss) per share of common stock |  | $ | 0.27 |  |  | $ | (0.19) |  |  | $ | (0.04) |
Calculation of diluted earnings (loss) per share of common stock: |  |  |  |  |  |
Net income (loss) available (attributable) to common stockholders |  | $ | 11,124 |  |  | $ | (7,738) |  |  | $ | (1,529) |
Net income (loss) available (attributable) to common stockholders plus assumed conversions (2) |  | $ | 11,124 |  |  | $ | (7,738) |  |  | $ | (1,529) |
Denominator for basic weighted average shares of common stock (1) |  | 41,766,263 |  |  | 39,943,167 |  |  | 38,950,734 |
Effect of convertible Senior Common Stock (2) |  | — |  |  | — |  |  | — |
Denominator for diluted weighted average shares of common stock (2) |  | 41,766,263 |  |  | 39,943,167 |  |  | 38,950,734 |
Diluted earnings (loss) per share of common stock |  | $ | 0.27 |  |  | $ | (0.19) |  |  | $ | (0.04) |
(1)The weighted average number of OP Units held by Non-controlling OP Unitholders was 157,160, 382,563, and 294,941 for the years ended December 31, 2024, 2023, and 2022, respectively. (2)We excluded convertible shares of Senior Common Stock of 330,456, 345,132 and 363,246 from the calculation of diluted earnings per share for the years ended December 31, 2024, 2023 and 2022, respectively, because it was anti-dilutive.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration