Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share of Common Stock (Details)

v3.21.1
Earnings per Share of Common Stock (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Numerator:    
Net income (loss) attributable to controlling stockholders and participating securities $ 51,024 $ 24,308
Less: Dividends and distributions on participating securities (300) (300)
Less: Undistributed earnings attributable to participating securities (100) 0
Net income (loss) attributable to controlling stockholders — basic 50,600 24,000
Add: Interest expense related to convertible notes under the if-converted method 2,100 1,800
Add: Undistributed earnings attributable to participating securities 100 0
Net income (loss) attributable to controlling stockholders — dilutive $ 52,800 $ 25,800
Denominator:    
Weighted-average number of common shares — basic (in shares) 77,493,021 67,172,104
Weighted-average number of common shares — diluted (in shares) 86,866,581 73,140,922
Basic earnings per common share (in usd per share) $ 0.65 $ 0.36
Diluted earnings per common share (in usd per share) $ 0.61 $ 0.35
Securities being allocated a portion of earnings:    
Weighted-average number of OP units (in shares) 323,527 281,903
Participating securities:    
Potential shares of common stock related to convertible notes (in shares) 8,487,800 5,510,499
Restricted stock units    
Participating securities:    
Potentially dilutive securities (in shares) 81,846 241,988
LTIP Units with market-based vesting conditions    
Participating securities:    
Unvested restricted common stock and unvested LTIP Units with time-based vesting conditions (in shares) 569,213 660,880
Potentially dilutive securities (in shares) 312,704 180,500