Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Schedule of Antidilutive Shares Excluded from Computation of Earnings Per Share

The following table presents the number of Preferred Operating Partnership units as if converted into potential common shares that were excluded from the computation of earnings per share as their effect would have been anti-dilutive.

	For the Three Months Ended March 31,
	2024	2023
	Equivalent Shares (if converted)	Equivalent Shares (if converted)
Series B Units	230,234	213,606
Series D Units	1,272,862	—
	1,503,096	213,606

Schedule of Computation of Earnings Per Common Share

The computation of earnings per common share is as follows for the periods presented:

	For the Three Months Ended March 31,
	2024		2023
Net income attributable to common stockholders	$	213,112	$	196,304
Earnings and dividends allocated to participating securities	(354)		(304)
Earnings for basic computations	212,758		196,000
Earnings and dividends allocated to participating securities	—		—
Income allocated to noncontrolling interest - Preferred Operating Partnership Units and Operating Partnership Units	8,764		12,128
Fixed component of income allocated to noncontrolling interest - Preferred Operating Partnership (Series A Units)	—		—
Net income for diluted computations	$	221,522	$	208,128
Weighted average common shares outstanding:
Average number of common shares outstanding - basic	211,283,335		134,511,273
OP Units	8,731,738		7,214,649
Series B Units	—		—
Series D Units	—		1,210,056
Unvested restricted stock awards included for treasury stock method	—		—
Shares related to dilutive stock options	3,704		4,406
Average number of common shares outstanding - diluted	220,018,777		142,940,384
Earnings per common share
Basic	$	1.01	$	1.46
Diluted	$	1.01	$	1.46