Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share of Common Stock (Details)

v3.24.3
Earnings per Share of Common Stock (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Numerator:        
Net income (loss) attributable to controlling stockholders and participating securities $ (19,616) $ 21,446 $ 129,949 $ 59,075
Less: Dividends and distributions on participating securities (400) (200) (1,100) (800)
Less: Undistributed earnings attributable to participating securities 0 0 0 0
Net income (loss) attributable to controlling stockholders — basic (20,000) 21,200 128,800 58,300
Add: Interest expense related to Convertible Notes under the if-converted method 0 200 12,600 900
Add: Undistributed earnings attributable to participating securities 0 0 0 0
Net income (loss) attributable to controlling stockholders — dilutive $ (20,000) $ 21,400 $ 141,400 $ 59,200
Denominator:        
Weighted-average number of common shares — basic (in shares) 116,584,392 107,715,057 114,518,199 98,665,598
Weighted-average number of common shares — diluted (in shares) 116,584,392 109,145,088 129,562,463 101,142,782
Basic earnings per common share (in usd per share) $ (0.17) $ 0.20 $ 1.12 $ 0.59
Diluted earnings per common share (in usd per share) $ (0.17) $ 0.20 $ 1.09 $ 0.59
Securities being allocated a portion of earnings:        
Weighted-average number of OP units (in shares) 1,608,735 1,365,040 1,510,634 1,294,511
Participating securities:        
Unvested restricted common stock and unvested LTIP Units with time-based vesting conditions outstanding at period end (in shares)     874,124 613,373
Unvested restricted common stock and unvested LTIP Units with time-based vesting conditions        
Potentially dilutive securities as of period end that were not dilutive for the presented periods:        
Unvested restricted common stock and unvested LTIP Units with time-based vesting conditions (in shares) 874,124 613,373 874,124 613,373
Restricted stock units        
Potentially dilutive securities as of period end that were not dilutive for the presented periods:        
Unvested restricted common stock and unvested LTIP Units with time-based vesting conditions (in shares) 79,174 97,890 0 97,890
LTIP Units with market-based vesting conditions        
Potentially dilutive securities as of period end that were not dilutive for the presented periods:        
Unvested restricted common stock and unvested LTIP Units with time-based vesting conditions (in shares) 663,632 493,858 128,024 493,858
Potential shares of common stock related to Convertible Notes        
Potentially dilutive securities as of period end that were not dilutive for the presented periods:        
Unvested restricted common stock and unvested LTIP Units with time-based vesting conditions (in shares) 18,412,761 18,374,760 3,559,376 18,374,760