Annual report pursuant to Section 13 and 15(d)

Earnings per Share of Common Stock (Details)

v3.25.0.1
Earnings per Share of Common Stock (Details) - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Numerator:      
Net income (loss) attributable to controlling stockholders and participating securities $ 200,037 $ 148,836 $ 41,502
Less: Dividends and distributions on participating securities (1,500) (1,000) (700)
Less: Undistributed earnings attributable to participating securities 0 0 0
Net income (loss) attributable to controlling stockholders 198,500 147,800 40,800
Add: Interest expense related to Convertible Notes under the if-converted method 12,600 7,500 1,400
Add: Undistributed earnings attributable to participating securities 0 0 0
Net income (loss) attributable to controlling stockholders—dilutive $ 211,100 $ 155,300 $ 42,200
Denominator:      
Weighted-average number of common shares—basic (in shares) 115,548,087 101,844,551 87,500,799
Weighted-average number of common shares-diluted (in shares) 130,501,006 109,467,554 90,609,329
Basic earnings per common share (in usd per share) $ 1.72 $ 1.45 $ 0.47
Diluted earnings per common share (in usd per share) $ 1.62 $ 1.42 $ 0.47
Securities being allocated a portion of earnings:      
Weighted-average number of OP units (in shares) 1,535,425 1,314,182 1,002,002
Participating securities:      
Unvested restricted common stock and unvested LTIP Units with time-based vesting conditions outstanding at period end (in shares) 880,352 612,742 445,218
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) 880,352 612,742 445,218
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) 78,742 94,654 38,222
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) 535,608 493,858 211,824
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) 3,568,862 3,549,083 3,537,460