Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share of Common Stock (Details)

v3.23.1
Earnings per Share of Common Stock (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Numerator:    
Net income (loss) attributable to controlling stockholders and participating securities $ 24,106 $ 45,346
Less: Dividends and distributions on participating securities (300) (200)
Less: Undistributed earnings attributable to participating securities 0 (100)
Net income (loss) attributable to controlling stockholders — basic 23,800 45,000
Add: Interest expense related to Convertible Notes under the if-converted method 300 300
Add: Undistributed earnings attributable to participating securities 0 100
Net income (loss) attributable to controlling stockholders — dilutive $ 24,100 $ 45,400
Denominator:    
Weighted-average number of common shares — basic (in shares) 91,102,374 85,583,152
Weighted-average number of common shares — diluted (in shares) 94,129,174 89,052,167
Basic earnings per common share (in usd per share) $ 0.26 $ 0.53
Diluted earnings per common share (in usd per share) $ 0.26 $ 0.51
Securities being allocated a portion of earnings:    
Weighted-average number of OP units (in shares) 1,186,616 675,207
Participating securities:    
Unvested restricted common stock and unvested LTIP Units with time-based vesting conditions (in shares) 680,917 646,754
Potentially dilutive securities as of period end:    
Potential shares of common stock related to convertible notes (in shares) 6,524,112 2,974,634
Restricted stock units    
Potentially dilutive securities as of period end:    
Potentially dilutive securities as of period end (in shares) 99,884 63,426
LTIP Units with market-based vesting conditions    
Potentially dilutive securities as of period end:    
Potentially dilutive securities as of period end (in shares) 493,858 324,028