Quarterly report [Sections 13 or 15(d)]

Earnings per Share of Common Stock (Details)

v3.25.1
Earnings per Share of Common Stock (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Numerator:    
Net income (loss) attributable to controlling stockholders and participating securities $ 56,612 $ 123,025
Less: Dividends and distributions on participating securities (500) (400)
Less: Undistributed earnings attributable to participating securities 0 (500)
Net income (loss) attributable to controlling stockholders — basic 56,100 122,100
Add: Interest expense related to Convertible Notes under the if-converted method 4,500 6,200
Add: Undistributed earnings attributable to participating securities 0 500
Net income (loss) attributable to controlling stockholders — dilutive $ 60,600 $ 128,800
Denominator:    
Weighted-average number of common shares — basic (in shares) 119,381,781 112,617,809
Weighted-average number of common shares — diluted (in shares) 137,956,858 130,998,775
Basic earnings per common share (in usd per share) $ 0.47 $ 1.08
Diluted earnings per common share (in usd per share) $ 0.44 $ 0.98
Securities being allocated a portion of earnings:    
Weighted-average number of OP units (in shares) 1,447,380 1,393,885
Participating securities:    
Unvested restricted common stock and unvested LTIP Units with time-based vesting conditions outstanding at period end (in shares) 1,254,135 982,670
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) 1,254,135 982,670
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) 57,446 80,438
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) 282,034 407,584
LTIP Units with performance-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) 247,759 128,024
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) 0 0