v3.26.1
Net Income Per Share - Schedule of Reconciliation of Numerator and Denominator used in Computation of Basic and Diluted Net Income Per Share (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Numerator for basic and diluted net income per share:            
Net income $ 74,481 $ 59,950 $ 63,370 $ 56,281 $ 134,433 $ 119,651
Less: net income attributable to non-controlling interests (194)   (158)   (353) (331)
Less: net income allocated to unvested RSUs and LTIP Units (377)   (229)   (739) (455)
Net income available for common stockholders: basic 73,910   62,983   133,341 118,865
Net income attributable to non-controlling interests 194   158   353 331
Net income available for common stockholders: diluted $ 74,104   $ 63,141   $ 133,694 $ 119,196
Denominator for basic and diluted net income per share:            
Weighted average shares outstanding used in basic net income per share (in shares) 216,260,528   197,551,003   213,235,988 193,030,913
Effects of dilutive securities:            
Forward sales (in shares) 233,706   614,137   451,026 865,427
Weighted average shares outstanding used in diluted net income per share (in shares) 217,918,955   199,632,311   215,008,074 195,317,678
Antidilutive securities excluded from computation of earnings per share (in shares) 39,420   151,652   32,024 128,621
Unvested RSUs and LTIP Units            
Effects of dilutive securities:            
Dilutive securities (in shares) 587,456   913,324   617,082 867,491
OP Units and Vested LTIP Units            
Effects of dilutive securities:            
Dilutive securities (in shares) 837,265   553,847   703,978 553,847