Earnings per Share of Common Stock (Tables)

12 Months Ended

Dec. 31, 2023

Earnings per Share of Common Stock

Schedule of computation of basic and diluted earnings per share

	Year Ended December 31,
(in thousands, except for share and per share amounts)	2023		2022		2021
Basic Earnings
Net income from continuing operations	$	351,245	$	159,551	$	117,301
Less: Income attributable to non-controlling interest		8,960		8,900		2,230
Less: Income attributable to participating shares		9,284		9,561		9,093
Basic earnings - continuing operations	$	333,001	$	141,090	$	105,978
Basic earnings - discontinued operations	$	(2,834)	$	43,612	$	42,673
Diluted Earnings
Net income from continuing operations	$	351,245	$	159,551	$	117,301
Less: Income attributable to non-controlling interest		8,960		8,900		2,230
Less: Income attributable to participating shares		9,284		9,561		9,093
Add: Expenses attributable to dilutive instruments		524		9,276		—
Diluted earnings - continuing operations	$	333,525	$	150,366	$	105,978
Diluted earnings - discontinued operations	$	(2,834)	$	43,612	$	42,673
Number of Shares
Basic — Average shares outstanding		146,841,594		106,878,139		68,511,578
Effect of dilutive securities — Unvested participating shares		1,725,432		10,315,819		149,328
Diluted — Average shares outstanding		148,567,026		117,193,958		68,660,906
EPS Attributable to RC Common Stockholders:
Basic - continuing operations	$	2.27	$	1.32	$	1.55
Basic - discontinued operations	$	(0.02)	$	0.41	$	0.62
Basic - total	$	2.25	$	1.73	$	2.17
Diluted - continuing operations	$	2.24	$	1.28	$	1.54
Diluted - discontinued operations	$	(0.02)	$	0.37	$	0.62
Diluted - total	$	2.22	$	1.65	$	2.16