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Earnings Per Share and Per Unit
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Earnings Per Share and Per Unit Earnings Per Share and Per Unit
The following table sets forth the computation of basic and diluted earnings per share of the Company:

Year Ended December 31,
202420232022
Earnings per Common Share - basic:
Numerator:
Net income$104,254 $151,330 $163,958 
Net (income) attributable to noncontrolling interests in the Operating Partnership(2,040)(3,164)(3,670)
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates34 549 (1,230)
Dividends on Preferred Stock(2,485)(2,485)(2,486)
Net income available for common stockholders$99,763 $146,230 $156,572 
Denominator:
Denominator for basic earnings per Common Share – weighted average shares (1)
106,167 105,529 105,120 
Net income available for common stockholders$0.94 $1.39 $1.49 
Earnings per Common Share - diluted:
Numerator:
Net income$104,254 $151,330 $163,958 
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates34 549 (1,230)
Dividends on Preferred Stock(2,485)(2,485)(2,486)
Net income available for common stockholders before net (income) attributable to noncontrolling interests in the Operating Partnership$101,803 $149,394 $160,242 
Denominator:
Denominator for basic earnings per Common Share – weighted average shares (1)
106,167 105,529 105,120 
Add:
Stock options using the treasury method— — 5 
Noncontrolling interests Common Units2,152 2,256 2,442 
Denominator for diluted earnings per Common Share – adjusted weighted average shares and assumed conversions108,319 107,785 107,567 
Net income available for common stockholders$0.94 $1.39 $1.49 
__________
(1)Includes all unvested restricted stock where dividends on such restricted stock are non-forfeitable.
The following table sets forth the computation of basic and diluted earnings per unit of the Operating Partnership:

Year Ended December 31,
202420232022
Earnings per Common Unit - basic:
Numerator:
Net income$104,254 $151,330 $163,958 
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates34 549 (1,230)
Distributions on Preferred Units(2,485)(2,485)(2,486)
Net income available for common unitholders$101,803 $149,394 $160,242 
Denominator:
Denominator for basic earnings per Common Unit – weighted average units (1)
107,910 107,376 107,153 
Net income available for common unitholders$0.94 $1.39 $1.50 
Earnings per Common Unit - diluted:
Numerator:
Net income$104,254 $151,330 $163,958 
Net (income)/loss attributable to noncontrolling interests in consolidated affiliates34 549 (1,230)
Distributions on Preferred Units(2,485)(2,485)(2,486)
Net income available for common unitholders$101,803 $149,394 $160,242 
Denominator:
Denominator for basic earnings per Common Unit – weighted average units (1)
107,910 107,376 107,153 
Add:
Stock options using the treasury method— — 5 
Denominator for diluted earnings per Common Unit – adjusted weighted average units and assumed conversions107,910 107,376 107,158 
Net income available for common unitholders$0.94 $1.39 $1.50 
__________
(1)Includes all unvested restricted stock where distributions on such restricted stock are non-forfeitable.