v3.26.1
Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share for the periods presented (in thousands, except per share amounts):

 

 

 

For the Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Net income (loss) attributable to common stockholders

 

$

10,040

 

 

$

16,518

 

 

 

 

 

 

 

 

Earnings for basic computations

 

 

 

 

 

 

Net income attributable to redeemable noncontrolling interests

 

 

2,366

 

 

 

4,163

 

Net income attributable to Series B preferred stockholders

 

 

9,055

 

 

 

4,407

 

Net income attributable to Series C preferred stockholders

 

 

298

 

 

 

 

Net income (loss) for diluted computations

 

$

21,759

 

 

$

25,088

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

 

 

 

 

Average number of common shares outstanding - basic

 

 

18,605

 

 

 

17,516

 

Average number of common shares from assumed vesting of unvested restricted stock units

 

 

341

 

 

 

843

 

Average number of common shares from assumed conversion of OP Units

 

 

4,186

 

 

 

5,038

 

Average number of common shares from assumed conversion of Series B Preferred Stock

 

 

27,518

 

 

 

12,652

 

Average number of common shares from assumed conversion of Series C Preferred Stock

 

 

806

 

 

 

 

Average number of common shares outstanding - diluted

 

 

51,456

 

 

 

36,049

 

Earnings per weighted average common share:

 

 

 

 

 

 

Basic

 

$

0.54

 

 

$

0.94

 

Diluted

 

$

0.42

 

 

$

0.70