v3.26.1
EPS (Tables)
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted The table below presents the calculation of basic and diluted EPS:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Numerator (In thousands):
Net (loss) income attributable to common stockholders$(2,681)$(5,835)$(5,179)$33,965 
Allocation to participating securities: Unvested LTIP Units(432)(339)(872)(684)
Net (loss) income attributable to common stockholders - basic and diluted$(3,113)$(6,174)$(6,051)$33,281 
Denominator (In thousands):
Weighted average shares of common stock outstanding - basic and diluted(1)
167,485 167,446 167,476 167,444 
Net (loss) income per common share - basic and diluted$(0.02)$(0.04)$(0.04)$0.20 
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(1) Outstanding OP Units and vested LTIP Units are not included in the denominator in calculating diluted EPS, even though they may be exchanged under certain conditions for common stock on a one-for-one basis, because their associated net income or loss (equal on a per unit basis to the Net income or loss per common share - diluted) was already deducted in calculating Net (loss) income attributable to common stockholders. Accordingly, any exchange would not have any effect on diluted EPS. The table below presents the weighted average OP Units and vested LTIP Units outstanding for the respective periods:

Three Months Ended June 30,Six Months Ended June 30,
 (In thousands)2026202520262025
OP Units33,593 32,806 33,605 32,812 
Vested LTIP Units4,600 2,718 4,588 2,706