Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Reconciliation of Net Income (Loss) and Number of Common Shares Used in Computations of "Basic" EPS and "Diluted" EPS

The following table provides a reconciliation of net income and the number of common shares used in the computations of “basic” earnings per share (“EPS”), which utilizes the weighted-average number of common shares outstanding without regard to dilutive potential common shares, and “diluted” EPS, which includes all such shares (in thousands, except per share amounts):

	Three Months						Six Months
	Ended June 30,						Ended June 30,
	2024			2023			2024			2023
Numerators – Basic and Diluted
Net income	$	238,245		$	5,353		$	214,693		$	20,655
Income attributable to non-controlling interests		—			—			—			(18	)
Preferred dividends		(2,789	)		(2,789	)		(5,578	)	$	(5,578	)
Earnings attributable to unvested shares and OP Units		(138	)		(88	)		(269	)		(195	)
Net income attributable to common shareholders after    allocation to participating securities	$	235,318		$	2,476		$	208,846		$	14,864
Denominators – Number of Shares
Basic—Average shares outstanding		209,553			209,266			209,486			209,616
Assumed conversion of dilutive securities—PRSUs		723			181			767			445
Assumed conversion of dilutive securities—restricted stock units		1,033			—			—			—
Diluted—Average shares outstanding		211,309			209,447			210,253			210,061
Earnings Per Share:
Basic	$	1.12		$	0.01		$	1.00		$	0.07
Diluted	$	1.11		$	0.01		$	0.99		$	0.07