XML 49 R35.htm IDEA: XBRL DOCUMENT v3.25.4
Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2025
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share Reconciliation
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.
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share 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