v3.26.1
Earnings per Share of Common Stock (Tables)
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per Common Share of Common Stock
The computation of basic and diluted earnings per common share of our common stock is as follows:

 Three Months Ended March 31,
20262025
Numerator:(in millions, except share and per share data)
Net income (loss) attributable to controlling stockholders and participating securities
$(72.0)$56.6 
Less: Dividends and distributions on participating securities
(0.6)(0.5)
Less: Undistributed earnings attributable to participating securities— — 
Net income (loss) attributable to controlling stockholders — basic(72.6)56.1 
Add: Interest expense related to Convertible Notes under the if-converted method— 4.5 
Add: Undistributed earnings attributable to participating securities— — 
Net income (loss) attributable to controlling stockholders — dilutive$(72.6)$60.6 
Denominator:
Weighted-average number of common shares — basic127,577,861 119,381,781 
Weighted-average number of common shares — diluted127,577,861 137,956,858 
Basic earnings per common share$(0.57)$0.47 
Diluted earnings per common share$(0.57)$0.44 
Securities being allocated a portion of earnings:
Weighted-average number of OP units1,882,735 1,447,380 
As of March 31,
20262025
Participating securities:
Unvested restricted common stock and unvested LTIP Units with time-based vesting conditions outstanding at period end 1,330,076 1,254,135 
Three Months Ended March 31,
20262025
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
1,330,076 1,254,135 
Restricted stock units— 57,446 
LTIP Units with market-based vesting conditions350,900 282,034 
LTIP Units with performance-based vesting conditions
350,899 247,759 
Potential shares of common stock related to Convertible Notes14,923,533 —