v3.25.2
Equity - Schedule of Computation of Earnings Per Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Numerator - Basic:        
Net income $ 11,385 $ 28,555 $ 27,163 $ 38,770
Private perpetual preferred unit distributions (1,051) (1,051) (2,101) (2,101)
Net income attributable to non-controlling interests (3,815) (10,433) (9,323) (13,937)
Net income attributable to common stockholders – basic 6,519 17,071 15,739 22,732
Numerator - Diluted:        
Net income 11,385 28,555 27,163 38,770
Private perpetual preferred unit distributions (1,051) (1,051) (2,101) (2,101)
Net income attributable to non-controlling interests in other partnerships 0 0 0 (4)
Net income attributable to common stockholders – diluted $ 10,334 $ 27,504 $ 25,062 $ 36,665
Denominator:        
Weighted average shares outstanding – basic (in shares) 168,368,000 164,277,000 167,644,000 163,988,000
Operating partnership units (in shares) 98,531,000 100,399,000 99,341,000 100,631,000
Effect of dilutive securities:        
Stock-based compensation plans (in shares) 3,052,000 4,040,000 2,754,000 3,486,000
Weighted average shares outstanding – diluted (in shares) 269,951,000 268,716,000 269,739,000 268,105,000
Earnings per share:        
Basic (in USD per share) $ 0.04 $ 0.10 $ 0.09 $ 0.14
Diluted (in USD per share) $ 0.04 $ 0.10 $ 0.09 $ 0.14
Antidilutive securities (in shares) 0 0 0 0