v3.26.1
Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Net Loss Attributable to Common Shares, Weighted Average Common Shares and Effect of Dilutive Securities
The following table is a reconciliation of the numerator and denominator used in the computation of basic and diluted net income per common share (in thousands, except share data and per share data):

Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Numerator:
Net income$6,311 $3,289 $12,022 $4,989 
Less: net income attributable to noncontrolling interest(26)(17)(50)(26)
Less: net income allocated to unvested LTIP Units(54)— (83)— 
Net income attributable to common shares, basic6,231 3,272 11,889 4,963 
Net income attributable to noncontrolling interest26 17 50 26 
Net income attributable to common shares, diluted$6,257 $3,289 $11,939 $4,989 
 
Denominator:
Weighted average common shares outstanding, basic97,354,281 81,895,840 96,454,101 81,770,860 
Effect of dilutive shares for diluted net income per common share:
OP Units402,654 424,956 405,170 424,956 
Unvested RSUs and LTIP Units540,449 173,333 532,697 118,205 
Unsettled shares under open forward equity contracts4,491,613 — 3,561,337 — 
Weighted average common shares outstanding, diluted102,788,997 82,494,129 100,953,305 82,314,021 
 
Net income available to common stockholders per common share, basic$0.06 $0.04 $0.12 $0.06 
Net income available to common stockholders per common share, diluted$0.06 $0.04 $0.12 $0.06