The following table provides a reconciliation of the numerator and denominator of the earnings per share calculations (in thousands, except per share amounts):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
Numerator:
Net income attributable to stockholders - basic	$	62,678	$	24,685	$	134,173	$	63,778
Net income attributable to convertible OP units(1)	5,946		2,543		12,947		6,595
Net income - diluted	$	68,624	$	27,228	$	147,120	$	70,373
Denominator:
Weighted-average shares - basic	128,745		125,649		126,986		125,471
OP units(1)	12,186		12,768		12,502		12,900
Dilutive restricted stock awards(2)	377		443		470		556
Adjusted weighted-average shares - diluted	141,308		138,860		139,958		138,927
Earnings per common share:
Basic income per share	$	0.49	$	0.20	$	1.06	$	0.51
Diluted income per share	$	0.49	$	0.20	$	1.05	$	0.51

(1)OP units are convertible into common stock or cash, at the Operating Partnership’s option. Because OP units participate in earnings on the same basis as common stockholders, the incremental earnings attributable to the OP units included in the diluted EPS numerator are proportionate to the additional OP units included in the diluted EPS denominator. Accordingly, the OP units do not independently create dilution in earnings per share.

(2)For the three and nine months ended September 30, 2026, our diluted adjusted weighted-average share count excluded the impact of approximately 127,000 and 66,000 shares, respectively, related to certain performance-based awards that are earned based on the achievement of specified performance metrics, which were anti-dilutive to the weighted-average share count based on the performance measurement at September 30, 2026.