v3.25.2
Earnings Per Share
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
The following table presents the calculations of basic and diluted earnings per share (in thousands, except share and per share amounts):

Three Months EndedSix Months Ended
June 30,June 30,
2025202420252024
Net income$36,689 $34,952 $70,506 $65,610 
Add: Net loss attributable to noncontrolling interests298 304 646 593 
Net income attributable to stockholders36,987 35,256 71,152 66,203 
Less: Net income attributable to unvested
restricted stock awards(49)(29)(101)(61)
Net income attributable to common stockholders$36,938 $35,227 $71,051 $66,142 
Weighted average common shares outstanding - basic46,691,953 43,397,080 46,206,225 43,392,961 
Effect of dilutive securities:
Stock options126,667 166,574 123,747 101,142 
Forward equity sales3,845 — 20,526 — 
Weighted average common shares
outstanding - diluted46,822,465 43,563,654 46,350,498 43,494,103 
Earnings per share - basic$0.79 $0.81 $1.54 $1.52 
Earnings per share - diluted$0.79 $0.81 $1.53 $1.52 
Anti-dilutive shares excluded:
Stock options39,546 261,255 72,123 376,965 
Regular dividends declared per common share$0.90 $0.90 $1.80 $1.80