Annual report pursuant to Section 13 and 15(d)

Earnings per Share of Common Stock (Details)

v3.22.4
Earnings per Share of Common Stock (Details) - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Numerator:      
Net income (loss) attributable to controlling stockholders and participating securities $ 41,502 $ 126,579 $ 82,416
Less: Dividends and distributions to participating securities (700) (900) (900)
Undistributed earnings attributable to participating securities 0 0 0
Net income (loss) attributable to controlling stockholders 40,800 125,700 81,500
Add: Interest expense related to convertible notes under the if-converted method 1,400 6,300 400
Net income (loss) attributable to controlling stockholders—diluted $ 42,200 $ 132,000 $ 81,900
Denominator:      
Weighted-average number of common shares—basic (in shares) 87,500,799 79,992,922 72,387,581
Weighted-average number of common shares-diluted (in shares) 90,609,329 87,671,641 74,373,169
Basic earnings per common share (in usd per share) $ 0.47 $ 1.57 $ 1.13
Diluted earnings per common share (in usd per share) $ 0.47 $ 1.51 $ 1.10
Securities being allocated a portion of earnings:      
Weighted-average number of OP units (in shares) 1,002,002 485,013 309,465
Participating securities:      
Unvested restricted common stock and unvested LTIP Units with time-based vesting conditions (in shares) 445,218 577,594 652,859
Potentially dilutive securities as of period end:      
Potential shares of common stock related to convertible notes 6,520,615 3,274,300 8,487,800
Restricted stock units      
Potentially dilutive securities as of period end:      
Potentially dilutive securities as of period end 58,404 78,366 235,600
LTIP Units with market-based vesting conditions      
Potentially dilutive securities as of period end:      
Potentially dilutive securities as of period end 324,028 347,478 312,704