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Earnings Per Common Share | 3 Months Ended
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Mar. 31, 2025
Earnings Per Common Share [Abstract] |
Earnings Per Common Share | 15. Earnings Per Common Share The following table sets forth the computation of basic and diluted earnings per common share for the three months ended March 31, 2025 and 2024.
|  | Three Months Ended March 31, |
|  | 2025 |  |  | 2024 |
Net income |  | $ | 8,661,000 |  |  | $ | 3,687,000 |
Less net income (loss) attributable to noncontrolling interests |  |  | (3,000 | ) |  |  | (1,000 | )
Net income available to common stockholders |  | $ | 8,664,000 |  |  | $ | 3,688,000 |
Weighted-average common shares outstanding - basic |  |  | 40,192,036 |  |  |  | 39,769,398 |
Dilutive effect of unvested shares |  |  | 42,988 |  |  |  | — |
Weighted-average common shares used to compute diluted loss per share |  |  | 40,235,024 |  |  |  | 39,769,398 |
Net income per share attributable to common stockholders: |  |  |  |  |  |  |  |
Basic |  | $ | 0.22 |  |  | $ | 0.09 |
Diluted |  | $ | 0.22 |  |  | $ | 0.09 |
Basic earnings per common share is calculated by dividing net income attributable to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted earnings per common share is calculated by adjusting the weighted-average number of common shares outstanding for the potential dilutive effect of securities, if applicable. For the three months ended March 31, 2025, the Company had 300,000 antidilutive shares outstanding. The Company had no anti-dilutive shares outstanding as of December 31, 2024.

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