Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share of Common Stock (Details)

v3.23.2
Earnings per Share of Common Stock (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Numerator:        
Net income (loss) attributable to controlling stockholders and participating securities $ 13,522 $ (18,449) $ 37,628 $ 26,896
Less: Dividends and distributions on participating securities (200) (100) (500) (400)
Less: Undistributed earnings attributable to participating securities 0 0 0 0
Net income (loss) attributable to controlling stockholders — basic 13,300 (18,500) 37,100 26,500
Add: Interest expense related to Convertible Notes under the if-converted method 300 0 700 700
Add: Undistributed earnings attributable to participating securities 0 0 0 0
Net income (loss) attributable to controlling stockholders — dilutive $ 13,600 $ (18,500) $ 37,800 $ 27,200
Denominator:        
Weighted-average number of common shares — basic (in shares) 96,996,805 87,049,777 94,065,873 86,316,464
Weighted-average number of common shares — diluted (in shares) 99,989,158 87,049,777 97,075,329 89,541,858
Basic earnings per common share (in usd per share) $ 0.14 $ (0.21) $ 0.39 $ 0.31
Diluted earnings per common share (in usd per share) $ 0.14 $ (0.21) $ 0.39 $ 0.30
Securities being allocated a portion of earnings:        
Weighted-average number of OP units (in shares) 1,331,877 1,054,706 1,259,246 864,956
Participating securities:        
Unvested restricted common stock and unvested LTIP Units with time-based vesting conditions (in shares)     630,420 387,186
Potentially dilutive securities as of period end that were not dilutive for the presented periods:        
Potential shares of common stock related to convertible notes (in shares)     3,539,999 3,538,573
Restricted stock units        
Potentially dilutive securities as of period end that were not dilutive for the presented periods:        
Potentially dilutive securities as of period end (in shares)     99,884 41,138
LTIP Units with market-based vesting conditions        
Potentially dilutive securities as of period end that were not dilutive for the presented periods:        
Potentially dilutive securities as of period end (in shares)     493,858 211,824