| Computation Of Basic And Diluted EPS |
The components of the computation of basic and diluted EPS are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three-Month Period Ended | | Six-Month Period Ended | | (In thousands except share amounts) | June 30, 2026 | | June 30, 2025 | | June 30, 2026 | | June 30, 2025 | | Net income (loss) attributable to common stockholders | $ | 54,403 | | | $ | 42,923 | | | $ | 149,870 | | | $ | 74,572 | | Add: Net income (loss) attributable to Convertible Non-controlling Interests(1) | 702 | | | 507 | | | 1,700 | | | 828 | | Net income (loss) attributable to common stockholders and Convertible Non-controlling Interests | 55,105 | | | 43,430 | | | 151,570 | | | 75,400 | | | Dividends declared: | | | | | | | | | Common stockholders | (49,226) | | | (37,655) | | | (97,839) | | | (73,507) | | | Convertible Non-controlling Interests | (632) | | | (441) | | | (1,156) | | | (821) | | | Total dividends declared to common stockholders and Convertible Non-controlling Interests | (49,858) | | | (38,096) | | | (98,995) | | | (74,328) | | | Undistributed (Distributed in excess of) earnings: | | | | | | | | | Common stockholders | 5,177 | | | 5,268 | | | 52,031 | | | 1,065 | | | Convertible Non-controlling Interests | 70 | | | 66 | | | 544 | | | 7 | | Total undistributed (distributed in excess of) earnings attributable to common stockholders and Convertible Non-controlling Interests | $ | 5,247 | | | $ | 5,334 | | | $ | 52,575 | | | $ | 1,072 | | | Weighted average shares outstanding (basic and diluted): | | | | | | | | | Weighted average shares of common stock outstanding | 125,637,213 | | | 95,861,993 | | | 123,685,172 | | | 93,743,500 | | | Weighted average Convertible Non-controlling Interest Units outstanding | 1,621,669 | | | 1,133,382 | | | 1,448,204 | | | 1,031,111 | | Weighted average shares of common stock and Convertible Non-controlling Interest Units outstanding | 127,258,882 | | | 96,995,375 | | | 125,133,376 | | | 94,774,611 | | Basic earnings per share of common stock and Convertible Non-controlling Interest Unit: | | | | | | | | | Distributed | $ | 0.39 | | | $ | 0.39 | | | $ | 0.78 | | | $ | 0.78 | | | Undistributed (Distributed in excess of) | 0.04 | | | 0.06 | | | 0.43 | | | 0.02 | | | $ | 0.43 | | | $ | 0.45 | | | $ | 1.21 | | | $ | 0.80 | | Diluted earnings per share of common stock and Convertible Non-controlling Interest Unit: | | | | | | | | | Distributed | $ | 0.39 | | | $ | 0.39 | | | $ | 0.78 | | | $ | 0.78 | | | Undistributed (Distributed in excess of) | 0.04 | | | 0.06 | | | 0.43 | | | 0.02 | | | $ | 0.43 | | | $ | 0.45 | | | $ | 1.21 | | | $ | 0.80 | |
(1)For the three-month periods ended June 30, 2026 and 2025, excludes net income (loss) of $1.3 million and $0.6 million, respectively, attributable to non-participating interests held by joint venture partners; see Note 18 for additional details. For the six-month periods ended June 30, 2026 and 2025, excludes net income (loss) of $0.1 million and $0.9 million, respectively, attributable to non-participating interests held by joint venture partners; see Note 18 for additional details.
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