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Earnings per Share (Tables)
9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Schedule of computation of basic and diluted earnings per share
The following table sets forth the net income attributable to the Company, its shares, and its participating shares:
Three Months Ended September 30,Nine Months Ended September 30,
20252024
2025
2024
(in thousands)
Net income$49,822 $45,759 $136,658 $149,097 
Less: net income attributable to non-controlling interests
1,563 1,421 4,928 4,066 
Net income attributable to the Company48,259 44,338 131,730 145,031 
Less: distributed and undistributed net income attributable to participating securities
573 — 1,558 — 
Distributed and undistributed net income attributable to common shares
$47,686 $44,338 $130,172 $145,031 
The following tables set forth the computation of EPS. The Company applied the two-class method for the three and nine months ended September 30, 2025.
Three Months Ended September 30, 2025Three Months Ended September 30, 2024
Net Income Attributable to the Company
Shares(1)
Basic and Diluted EPSNet Income Attributable to the Company
Shares(1)
Basic and Diluted EPS
(in thousands, except for per share amounts)
Common shares$47,686 126,647 $0.38 $44,338 120,765 $0.37 
Participating securities
573 1,523 $0.38 — — $— 
Total Company
$48,259 128,170 $0.38 $44,338 120,765 $0.37 
Nine Months Ended September 30, 2025Nine Months Ended September 30, 2024
Net Income Attributable to the Company
Shares(1)
Basic and Diluted EPSNet Income Attributable to the Company
Shares(1)
Basic and Diluted EPS
(in thousands, except for per share amounts)
Common shares$130,172 126,647 $1.03 $145,031 109,691 $1.32 
Participating securities
1,558 1,516 $1.03 — — $— 
Total Company
$131,730 128,163 $1.03 $145,031 109,691 $1.32 
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(1)    Represents the weighted average shares outstanding during the period.