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Earnings Per Share (Tables) | 12 Months Ended
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Dec. 31, 2024
Earnings Per Share [Abstract] |
Reconciliation of Net Income (Loss) and Number of Common Shares Used in Computations of "Basic" EPS and "Diluted" EPS | The following table provides a reconciliation of net income and the number of common shares used in the computations of “basic” earnings per share (“EPS”), which utilizes the weighted-average number of common shares outstanding without regard to dilutive potential common shares, and “diluted” EPS, which includes all such shares (in thousands, except per share amounts).
| For the Year Ended December 31, |
| 2024 |  |  | 2023 |  |  | 2022 |
Numerators – Basic and Diluted |  |  |  |  |  |  |  |
Continuing Operations: |  |  |  |  |  |  |  |
Net income | $ | 525,764 |  |  | $ | 229,349 |  |  | $ | 139,194 |
Income attributable to non-controlling interests |  | — |  |  |  | (18 | ) |  |  | (73 | )
Preferred dividends (including original issuance costs) |  | (15,793 | ) |  |  | (11,156 | ) |  |  | (11,156 | )
Earnings attributable to unvested shares and OP Units |  | (2,292 | ) |  |  | (606 | ) |  |  | (484 | )
Net income attributable to common shareholders after allocation to participating securities |  | 507,679 |  |  |  | 217,569 |  |  |  | 127,481 |
Discontinued Operations: |  |  |  |  |  |  |  |
Income from discontinued operations | $ | 6,060 |  |  |  | 36,372 |  |  |  | 29,598 |
Total | $ | 513,739 |  |  | $ | 253,941 |  |  | $ | 157,079 |
Denominators – Number of Shares |  |  |  |  |  |  |  |
Basic – Average shares outstanding |  | 52,393 |  |  |  | 52,365 |  |  |  | 53,250 |
Assumed conversion of dilutive securities: |  |  |  |  |  |  |  |
PRSUs |  | 191 |  |  |  | 40 |  |  |  | 186 |
OP Units |  | — |  |  |  | — |  |  |  | 35 |
Diluted – Average shares outstanding |  | 52,584 |  |  |  | 52,405 |  |  |  | 53,471 |
Earnings Per Share: |  |  |  |  |  |  |  |
Basic |  |  |  |  |  |  |  |
From continuing operations | $ | 9.69 |  |  | $ | 4.16 |  |  | $ | 2.40 |
From discontinued operations |  | 0.12 |  |  |  | 0.69 |  |  |  | 0.55 |
Total | $ | 9.81 |  |  | $ | 4.85 |  |  | $ | 2.95 |
Diluted |  |  |  |  |  |  |  |
From continuing operations | $ | 9.65 |  |  | $ | 4.16 |  |  | $ | 2.39 |
From discontinued operations |  | 0.12 |  |  |  | 0.69 |  |  |  | 0.55 |
Total | $ | 9.77 |  |  | $ | 4.85 |  |  | $ | 2.94 |

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- 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
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