| Schedule of Earnings Per Share, Basic and Diluted |
The following table presents the calculations of basic and diluted earnings per share (in thousands, except share and per share amounts):
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | June 30, | | June 30, | | 2025 | | 2024 | | 2025 | | 2024 | | Net income | $ | 36,689 | | | $ | 34,952 | | | $ | 70,506 | | | $ | 65,610 | | | Add: Net loss attributable to noncontrolling interests | 298 | | | 304 | | | 646 | | | 593 | | | Net income attributable to stockholders | 36,987 | | | 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 - basic | 46,691,953 | | | 43,397,080 | | | 46,206,225 | | | 43,392,961 | | | Effect of dilutive securities: | | | | | | | | | Stock options | 126,667 | | | 166,574 | | | 123,747 | | | 101,142 | | | Forward equity sales | 3,845 | | | — | | | 20,526 | | | — | | | Weighted average common shares | | | | | | | | | outstanding - diluted | 46,822,465 | | | 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 options | 39,546 | | | 261,255 | | | 72,123 | | | 376,965 | | | | | | | | | | | Regular dividends declared per common share | $ | 0.90 | | | $ | 0.90 | | | $ | 1.80 | | | $ | 1.80 | |
|