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Earnings Per Share
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
The components of the computation of basic and diluted EPS are as follows:
Three-Month Period EndedNine-Month Period Ended
(In thousands except share amounts)September 30, 2025September 30, 2024September 30, 2025September 30, 2024
Net income (loss) attributable to common stockholders$29,504 $16,175 $104,076 $95,437 
Add: Net income (loss) attributable to Convertible Non-controlling Interests(1)
330 156 1,158 925 
Net income (loss) attributable to common stockholders and Convertible Non-controlling Interests
29,834 16,331 105,234 96,362 
Dividends declared:
Common stockholders(40,180)(34,468)(113,687)(104,223)
Convertible Non-controlling Interests(445)(328)(1,266)(1,001)
Total dividends declared to common stockholders and Convertible Non-controlling Interests(40,625)(34,796)(114,953)(105,224)
Undistributed (Distributed in excess of) earnings:
Common stockholders(10,676)(18,293)(9,611)(8,786)
Convertible Non-controlling Interests(115)(172)(108)(76)
Total undistributed (distributed in excess of) earnings attributable to common stockholders and Convertible Non-controlling Interests
$(10,791)$(18,465)$(9,719)$(8,862)
Weighted average shares outstanding (basic and diluted):
Weighted average shares of common stock outstanding101,588,583 87,198,435 96,387,264 85,576,158 
Weighted average Convertible Non-controlling Interest Units outstanding1,137,581 840,759 1,066,991 825,657 
Weighted average shares of common stock and Convertible Non-controlling Interest Units outstanding
102,726,164 88,039,194 97,454,255 86,401,815 
Basic earnings per share of common stock and Convertible Non-controlling Interest Unit:
Distributed$0.39 $0.39 $1.17 $1.21 
Undistributed (Distributed in excess of)(0.10)(0.20)(0.09)(0.09)
$0.29 $0.19 $1.08 $1.12 
Diluted earnings per share of common stock and Convertible Non-controlling Interest Unit:
Distributed$0.39 $0.39 $1.17 $1.21 
Undistributed (Distributed in excess of)(0.10)(0.20)(0.09)(0.09)
$0.29 $0.19 $1.08 $1.12 
(1)For the three-month periods ended September 30, 2025 and 2024, excludes net income (loss) of $0.9 million and $0.2 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 nine-month periods ended September 30, 2025 and 2024, excludes net income (loss) of $1.8 million and $0.8 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.