v3.26.1
Earnings Per Share and Per Unit
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Earnings Per Share and Per Unit Earnings Per Share and Per Unit
The following table sets forth the computation of basic and diluted earnings per share of the Company:

Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Earnings per Common Share - basic:
Numerator:
Net income$96,757 $19,221 $130,122 $119,221 
Net (income) attributable to noncontrolling interests in the Operating Partnership
(1,716)(365)(2,295)(2,321)
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates (993)— (1,842)26 
Dividends on Preferred Stock(574)(586)(1,148)(1,207)
Net income available for common stockholders$93,474 $18,270 $124,837 $115,719 
Denominator:
Denominator for basic earnings per Common Share – weighted average shares (1)
110,284 107,825 110,162 107,754 
Net income available for common stockholders$0.85 $0.17 $1.13 $1.07 
Earnings per Common Share - diluted:
Numerator:
Net income$96,757 $19,221 $130,122 $119,221 
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates(993)— (1,842)26 
Dividends on Preferred Stock(574)(586)(1,148)(1,207)
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership
$95,190 $18,635 $127,132 $118,040 
Denominator:
Denominator for basic earnings per Common Share – weighted average shares (1)
110,284 107,825 110,162 107,754 
Add:
Noncontrolling interests Common Units2,017 2,151 2,020 2,151 
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions
112,301 109,976 112,182 109,905 
Net income available for common stockholders$0.85 $0.17 $1.13 $1.07 
__________
(1)Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable.
The following table sets forth the computation of basic and diluted earnings per unit of the Operating Partnership:

Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Earnings per Common Unit - basic:
Numerator:
Net income$96,757 $19,221 $130,122 $119,221 
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates(993)— (1,842)26 
Distributions on Preferred Units(574)(586)(1,148)(1,207)
Net income available for common unitholders$95,190 $18,635 $127,132 $118,040 
Denominator:
Denominator for basic earnings per Common Unit – weighted average units (1)
111,892 109,567 111,773 109,496 
Net income available for common unitholders$0.85 $0.17 $1.14 $1.08 
Earnings per Common Unit - diluted:
Numerator:
Net income$96,757 $19,221 $130,122 $119,221 
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates(993)— (1,842)26 
Distributions on Preferred Units(574)(586)(1,148)(1,207)
Net income available for common unitholders$95,190 $18,635 $127,132 $118,040 
Denominator:
Denominator for basic earnings per Common Unit – weighted average units (1)
111,892 109,567 111,773 109,496 
Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions
111,892 109,567 111,773 109,496 
Net income available for common unitholders$0.85 $0.17 $1.14 $1.08 
__________
(1)Includes all unvested restricted stock where distributions on such restricted stock are non-forfeitable.