v3.26.3
NET INCOME PER SHARE - Schedule of Reconciliation of Numerator and Denominator Used to Calculate Basic and Diluted Net Income per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
NUMERATOR        
Net income attributable to controlling interests $ 123,328 $ 53,783 $ 109,419 $ 35,534
Amount allocated to participating securities (409) 0 (489) 0
Numerator for basic income per share – net income available to common shareholders 122,919 53,783 108,930 35,534
Noncontrolling interests – operating partnership and Series E preferred units 0 9,197 5,719 6,071
Distributions to Series D preferred unitholders 57 109 172 429
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 122,976 $ 63,089 $ 114,821 $ 42,034
DENOMINATOR        
Denominator for basic earnings per share weighted average shares (in shares) 16,796 16,726 16,793 16,731
Effect of operating partnership units (in shares) 0 966 897 972
Effect of dilutive restricted stock units and stock options (in shares) 5 26 8 25
Denominator for diluted loss per share weighted average shares (in shares) 16,883 19,771 17,780 19,835
NET INCOME PER COMMON SHARE – BASIC (in dollars per share) $ 7.32 $ 3.22 $ 6.49 $ 2.12
NET INCOME PER COMMON SHARE – DILUTED (in dollars per share) $ 7.28 $ 3.19 $ 6.46 $ 2.12
Series D Preferred Units        
DENOMINATOR        
Effect of preferred units (in shares) 82 155 82 204
Series E Preferred Units        
DENOMINATOR        
Effect of preferred units (in shares) 0 1,898 0 1,903