Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share of Common Stock (Details)

v3.23.3
Earnings per Share of Common Stock (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Numerator:        
Net income (loss) attributable to controlling stockholders and participating securities $ 21,446 $ 34,534 $ 59,075 $ 61,431
Less: Dividends and distributions on participating securities (200) (100) (800) (500)
Less: Undistributed earnings attributable to participating securities 0 0 0 0
Net income (loss) attributable to controlling stockholders — basic 21,200 34,400 58,300 60,900
Add: Interest expense related to Convertible Notes under the if-converted method 200 300 900 1,000
Add: Undistributed earnings attributable to participating securities 0 0 0 0
Net income (loss) attributable to controlling stockholders — dilutive $ 21,400 $ 34,700 $ 59,200 $ 61,900
Denominator:        
Weighted-average number of common shares — basic (in shares) 107,715,057 87,721,756 98,665,598 86,784,895
Weighted-average number of common shares — diluted (in shares) 109,145,088 90,762,820 101,142,782 89,928,741
Basic earnings per common share (in usd per share) $ 0.20 $ 0.39 $ 0.59 $ 0.70
Diluted earnings per common share (in usd per share) $ 0.20 $ 0.38 $ 0.59 $ 0.69
Securities being allocated a portion of earnings:        
Weighted-average number of OP units (in shares) 1,365,040 1,136,809 1,294,511 955,574
Participating securities:        
Unvested restricted common stock and unvested LTIP Units with time-based vesting conditions (in shares) 613,373 392,602 613,373 392,602
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) 18,374,760 3,537,460 18,374,760 3,537,460
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) 97,890 39,438 97,890 39,438
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) 493,858 211,824 493,858 211,824