Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share of Common Stock (Details)

v3.22.1
Earnings per Share of Common Stock (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Numerator:    
Net income (loss) attributable to controlling stockholders and participating securities $ 45,346 $ 51,024
Less: Dividends and distributions on participating securities (200) (300)
Less: Undistributed earnings attributable to participating securities (100) (100)
Net income (loss) attributable to controlling stockholders — basic 45,000 50,600
Add: Interest expense related to convertible notes under the if-converted method 300 2,100
Add: Undistributed earnings attributable to participating securities 100 100
Net income (loss) attributable to controlling stockholders — dilutive $ 45,400 $ 52,800
Denominator:    
Weighted-average number of common shares — basic (in shares) 85,583,152 77,493,021
Weighted-average number of common shares — diluted (in shares) 89,052,167 86,866,581
Basic earnings per common share (in usd per share) $ 0.53 $ 0.65
Diluted earnings per common share (in usd per share) $ 0.51 $ 0.61
Securities being allocated a portion of earnings:    
Weighted-average number of OP units (in shares) 675,207 323,527
Participating securities:    
Unvested restricted common stock and unvested LTIP Units with time-based vesting conditions (in shares) 646,754 569,213
Potentially dilutive securities as of period end:    
Potential shares of common stock related to convertible notes 2,974,634 8,487,800
Restricted stock units    
Potentially dilutive securities as of period end:    
Potentially dilutive securities as of period end 63,426 81,846
LTIP Units with market-based vesting conditions    
Potentially dilutive securities as of period end:    
Potentially dilutive securities as of period end 324,028 312,704