Equity (Tables)

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Schedule of Equity Securities Repurchased

The following table summarizes our purchases of equity securities for the year ended December 31, 2023 under the previous repurchase program.

Period	Total Number of Shares Purchased	Average Price Paid Per Share		Total Number of Shares Purchased as Part of Publicly Announced Plan	Maximum Approximate Dollar Value Available for Future Purchase
Year ended December 31, 2023	2,150,857	$	6.09	2,150,857	$500,000,000	(a)

(a) Represents the new board authorization for the January 1, 2024 - December 31, 2025 period. As of the date of this filing, we have used $0 of such $500 million authorization.

Schedule of Dividends Declared

The following table summarizes the dividends paid on our Class A common stock and Class B common stock for the years ended December 31, 2023, 2022 and 2021:    

Record Date	Payment Date	Amount per Share
December 18, 2023	December 29, 2023	$0.035
September 15, 2023	September 29, 2023	$0.035
June 15, 2023	June 30, 2023	$0.035
March 15, 2023	March 31, 2023	$0.035
December 19, 2022	December 31, 2022	$0.035
September 15, 2022	September 30, 2022	$0.035
June 15, 2022	June 30, 2022	$0.035
March 15, 2022	March 31, 2022	$0.035
December 20, 2021	December 31, 2021	$0.035
September 15, 2021	September 30, 2021	$0.035
June 15, 2021	June 30, 2021	$0.035

Schedule of Restricted Stock and Long-Term Incentive Plan Activity

The following is a summary of restricted stock and LTIP unit activity for the year ended December 31, 2023:

	Restricted Stock	Time-based LTIPs	Market-based LTIPs	Performance-based LTIPs	Weighted Average Grant Fair Value
Unvested balance at December 31, 2022	359,293	2,713,522	4,070,537	510,989	$	6.69
Vested	(121,128)	(1,148,987)	(582,800)	(2,011)	7.17
Granted	370,465	1,733,015	946,398	771,180	5.67
Forfeited or unearned	(10,341)	—	(1,695,323)	(3,795)	4.30
Unvested balance at December 31, 2023	598,289	3,297,550	2,738,812	1,276,363	$	6.60

Schedule of Earnings (Loss) Per Share, Basic and Diluted

Earnings per share for the years ended December 31, 2023, 2022 and 2021 is computed as follows (amounts in thousands, except per share amounts):

	For the Year Ended December 31,
	2023		2022		2021
Numerator - Basic:
Net income (loss)	$	84,407	$	63,212	$	(13,037)
Private perpetual preferred unit distributions	(4,201)		(4,201)		(4,201)
Net (income) loss attributable to non-controlling interest in operating partnership	(31,094)		(22,812)		6,527
Net (income) loss attributable to non-controlling interests in other partnerships	(68)		243		—
Earnings allocated to unvested shares	—		—		(26)
Net income (loss) attributable to common stockholders - basic	$	49,044	$	36,442	$	(10,737)
Numerator - Diluted:
Net income (loss)	$	84,407	$	63,212	$	(13,037)
Private perpetual preferred unit distributions	(4,201)		(4,201)		(4,201)
Net (income) loss attributable to non-controlling interests in other partnerships	(68)		243		—
Earnings allocated to unvested shares	—		—		(26)
Net income (loss) attributable to common stockholders - diluted	$	80,138	$	59,254	$	(17,264)
Denominator:
Weighted average shares outstanding - basic	161,122		165,039		172,445
Operating partnership units	102,104		103,298		104,975
Effect of dilutive securities:
Stock-based compensation plans	2,407		1,611		—
Weighted average shares outstanding - diluted	265,633		269,948		277,420
Earnings per share - basic	$	0.30	$	0.22	$	(0.06)
Earnings per share - diluted	$	0.30	$	0.22	$	(0.06)