Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following is a summary of the basic and diluted net income per share computation for the periods presented:

	Year Ended December 31,
(In thousands, except share and per share data)	2024		2023		2022
Net loss attributable to common stockholders	$	(175,316)	$	(239,348)	$	(8,363)
Adjustments to net loss attributable to common stockholders for common share equivalents	(659)		(3,887)		(939)
Adjusted net loss attributable to common stockholders	$	(175,975)	$	(243,235)	$	(9,302)
Weighted average common shares outstanding — Basic and Diluted	230,440,385		142,584,332		103,686,395
Net loss per share attributable to common stockholders — Basic and Diluted	$	(0.76)	$	(1.71)	$	(0.09)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table shows common share equivalents on a weighted-average basis that were excluded from the calculation of diluted earnings per share for the years ended December 31, 2024, 2023 and 2022 (see Note 13 — Equity-Based Compensation for additional information on all of the common share equivalents listed in the table below):

	December 31,
	2024	2023	2022
Unvested RSUs (1)	950,936	85,518	45,725
Unvested Restricted Shares (2)	426,651	456,279	371,920
Unvested PSUs (3)	1,288,072	116,456	—
Class A Units (4)	—	35,233	—
GNL LTIP Units (5)	—	—	2,500,000
Total common share equivalents excluded from EPS calculation	2,665,659	693,486	2,917,645

(1) There were 1,248,179, 535,768 and 47,723 unvested RSUs issued and outstanding as of December 31, 2024, 2023 and 2022, respectively.

(2) There were 334,642, 565,620 and 359,840 unvested Restricted Shares issued and outstanding as of December 31, 2024, 2023 and 2022, respectively.

(3) There were 1,288,072 PSUs outstanding as of December 31, 2024 and 2023.

(4) There were no Class A Units outstanding as of December 31, 2024 and 115,857 Class A Units outstanding as of December 31, 2023.

(5) As disclosed in Note 13 — Equity-Based Compensation, the performance period under the 2021 OPP was accelerated and ended on September 11, 2023, and as a result, 883,750 GNL LTIP Units became earned and vested and Common Stock was issued for the vested GNL LTIP Units. There were no GNL LTIP Units issued and outstanding under the 2021 OPP as of December 31, 2024 and 2023 and there were 2,500,000 LTIP Units issued and outstanding under the 2021 OPP as of December 31, 2022.