XML 61 R49.htm IDEA: XBRL DOCUMENT v3.25.2
Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Computation Of Basic And Diluted EPS
The components of the computation of basic and diluted EPS are as follows:
Three-Month Period EndedSix-Month Period Ended
(In thousands except share amounts)June 30, 2025June 30, 2024June 30, 2025June 30, 2024
Net income (loss) attributable to common stockholders$42,923 $52,347 $74,572 $79,262 
Add: Net income (loss) attributable to Convertible Non-controlling Interests(1)
507 514 828 769 
Net income (loss) attributable to common stockholders and Convertible Non-controlling Interests
43,430 52,861 75,400 80,031 
Dividends declared:
Common stockholders(37,655)(33,166)(73,507)(69,755)
Convertible Non-controlling Interests(441)(326)(821)(673)
Total dividends declared to common stockholders and Convertible Non-controlling Interests(38,096)(33,492)(74,328)(70,428)
Undistributed (Distributed in excess of) earnings:
Common stockholders5,268 19,181 1,065 9,507 
Convertible Non-controlling Interests66 188 96 
Total undistributed (distributed in excess of) earnings attributable to common stockholders and Convertible Non-controlling Interests
$5,334 $19,369 $1,072 $9,603 
Weighted average shares outstanding (basic and diluted):
Weighted average shares of common stock outstanding95,861,993 85,044,666 93,743,500 84,756,106 
Weighted average Convertible Non-controlling Interest Units outstanding1,133,382 835,055 1,031,111 818,024 
Weighted average shares of common stock and Convertible Non-controlling Interest Units outstanding
96,995,375 85,879,721 94,774,611 85,574,130 
Basic earnings per share of common stock and Convertible Non-controlling Interest Unit:
Distributed$0.39 $0.39 $0.78 $0.82 
Undistributed (Distributed in excess of)0.06 0.23 0.02 0.12 
$0.45 $0.62 $0.80 $0.94 
Diluted earnings per share of common stock and Convertible Non-controlling Interest Unit:
Distributed$0.39 $0.39 $0.78 $0.82 
Undistributed (Distributed in excess of)0.06 0.23 0.02 0.12 
$0.45 $0.62 $0.80 $0.94 
(1)For the three-month periods ended June 30, 2025 and 2024, excludes net income (loss) of $0.6 million and $0.4 million, respectively, attributable to non-participating interests held by joint venture partners and with respect to 2024, non-participating interests held by executives of Longbridge; see Note 18 for additional details. For the six-month periods ended June 30, 2025 and 2024, excludes net income (loss) of $0.9 million and $0.6 million, respectively, attributable to non-participating interests held by joint venture partners and with respect to 2024, non-participating interests held by executives of Longbridge.