v3.25.2
Earnings per Share of Common Stock (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:        
Net income (loss) attributable to controlling stockholders and participating securities $ 98,445 $ 26,540 $ 155,057 $ 149,566
Less: Dividends and distributions on participating securities (500) (300) (1,000) (800)
Less: Undistributed earnings attributable to participating securities (400) 0 (500) (400)
Net income (loss) attributable to controlling stockholders — basic 97,500 26,200 153,600 148,400
Add: Interest expense related to Convertible Notes under the if-converted method 3,500 0 8,000 12,500
Add: Undistributed earnings attributable to participating securities 400 0 500 400
Net income (loss) attributable to controlling stockholders — dilutive $ 101,400 $ 26,200 $ 162,100 $ 161,300
Denominator:        
Weighted-average number of common shares — basic (in shares) 121,515,164 114,329,692 120,454,366 113,473,750
Weighted-average number of common shares — diluted (in shares) 137,740,850 114,433,285 137,830,564 131,922,504
Basic earnings per common share (in usd per share) $ 0.80 $ 0.23 $ 1.28 $ 1.31
Diluted earnings per common share (in usd per share) $ 0.74 $ 0.23 $ 1.18 $ 1.22
Securities being allocated a portion of earnings:        
Weighted-average number of OP units (in shares) 1,794,515 1,529,282 1,621,906 1,461,584
Participating securities:        
Unvested restricted common stock and unvested LTIP Units with time-based vesting conditions outstanding at period end (in shares)     1,081,522 858,423
Unvested restricted common stock and unvested LTIP Units with time-based vesting conditions        
Potentially dilutive securities as of period end that were not dilutive for the presented periods:        
Unvested restricted common stock and unvested LTIP Units with time-based vesting conditions (in shares) 1,081,522 858,423 1,081,522 858,423
Restricted stock units        
Potentially dilutive securities as of period end that were not dilutive for the presented periods:        
Unvested restricted common stock and unvested LTIP Units with time-based vesting conditions (in shares) 0 20,926 0 20,926
LTIP Units with market-based vesting conditions        
Potentially dilutive securities as of period end that were not dilutive for the presented periods:        
Unvested restricted common stock and unvested LTIP Units with time-based vesting conditions (in shares) 119,735 253,574 119,735 253,574
LTIP Units with performance-based vesting conditions        
Potentially dilutive securities as of period end that were not dilutive for the presented periods:        
Unvested restricted common stock and unvested LTIP Units with time-based vesting conditions (in shares) 247,761 0 247,761 0
Potential shares of common stock related to Convertible Notes        
Potentially dilutive securities as of period end that were not dilutive for the presented periods:        
Unvested restricted common stock and unvested LTIP Units with time-based vesting conditions (in shares) 0 18,397,237 0 0