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Earnings Per Share
 12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
A portion of the Company's non-vested share-based payment awards are considered participating securities and as such, the Company is required to use the two-class method for the computation of basic and diluted earnings per share. Under the two-class computation method, net losses are not allocated to participating securities unless the holder of the security has a contractual obligation to share in the losses. The non-vested share-based payment awards are not allocated losses as the awards do not have a contractual obligation to share in losses of the Company.
The following is a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for each of the years in the three-year period ended December 31, 2025:
 202520242023
BASIC:   
Net income attributable to common shareholders
$106,469 $37,922 $23,863 
Weighted-average number of common shares outstanding
58,384,896 58,294,586 58,049,175 
Net income attributable to common shareholders - per common share basic
$1.82 $0.65 $0.41 

202520242023
DILUTED:
Net income attributable to common shareholders - basic
$106,469 $37,922 $23,863 
Impact of assumed conversions— — (58)
Net income attributable to common shareholders
$106,469 $37,922 $23,805 
Weighted-average common shares outstanding - basic(1)
58,384,896 58,294,586 58,049,175 
Effect of dilutive securities:
Unvested share-based payment awards and options(1)
180,669 17,412 25,450 
Operating Partnership Units— — 164,077 
Weighted-average common shares outstanding - diluted(1)
58,565,565 58,311,998 58,238,702 
Net income attributable to common shareholders - per common share diluted(1)
$1.82 $0.65 $0.41 
(1)Common share and per unit amounts adjusted for all periods presented to reflect the Reverse Split effective November 10, 2025 through a proportional adjustment to the unit conversion ratio.
For per common share amounts, all incremental shares are considered anti-dilutive for periods that have a loss from continuing operations attributable to common shareholders. In addition, other common share equivalents may be anti-dilutive in certain periods.
Calculation of dilutive earnings requires certain potentially dilutive shares to be excluded when the inclusion of such shares would be anti-dilutive. The following table summarizes the potentially dilutive shares excluded from the dilutive earnings per share calculation as the inclusion of such shares would be anti-dilutive for each of the years in the three-year period ended December 31, 2025:
Years Ended December 31,
202520242023
Unvested participating securities3,034 — — 
Preferred shares - Series C942,114 942,114 942,114