Earnings Per Share

9 Months Ended

Sep. 30, 2026

The following table reconciles the numerators and denominators in the computation of basic and diluted earnings per share of common stock for the three and nine months ended September 30, 2026 and 2025.


	Three months ended September 30,				Nine months ended September 30,
Earnings Per Share (in thousands, except per share data)	2026		2025		2026		2025
Numerator
Net income attributable to common stockholders	$	70,671	$	48,594	$	185,510	$	189,911
Denominator
Weighted average common shares outstanding — basic	192,716		186,593		191,637		186,533
Effect of dilutive securities(1)
Share-based compensation	191		247		195		304

Weighted average common shares outstanding — diluted	192,907		186,840		191,832		186,837
Net income per share — basic and diluted
Net income per share attributable to common stockholders — basic	$	0.37	$	0.26	$	0.97	$	1.02
Net income per share attributable to common stockholders — diluted	$	0.37	$	0.26	$	0.97	$	1.02

(1)During the three and nine months ended September 30, 2026 and 2025, there were approximately 99, 113, 99, and 114 unvested restricted shares of common stock (on a weighted average basis), respectively, that were considered participating securities for the purposes of computing earnings per share that were not included in the computation of diluted earnings per share because the allocation of income under the two-class method was more dilutive.